Developed in 2014, OptionRobot is a product by European software developers that has established itself as a trusted and recognized auto-trader platform in the binary options marketplace. The software provides you with a choice of reputable brokers, including Binary Online, Option500, Greenfields capital, Stockpair, and Plus Option. The binary options trading automation software implements up to six different technical indicators, including Stoch diagrams, CCI indicators, and Trend.
Furthermore, the software offers three trading systems, Martingale, the Classic and Fibonacci system. One of the things that makes this trading automation software stand out from the rest is that it does not make exaggerated claims about the success you are likely to realize when you choose to trade with them. The website is not only straightforward; it also allows you to see what exactly you are getting once you sign up. While this is a browser-based software, it is also compatible with those who prefer trading on the move with their tablets and smartphones.
However, it is down to you as the investor to make your trading choices and this means that results will never be the same as those of the next person. Given that many auto trading software online often turn out to be scams, does this option stand out as a legit software? Read on for a deep OptionRobot review plus FAQs regarding this software.
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Is OptionRobot a Scam? Is OptionRobot Regulated?
At first glance, OptionRobot is no different from many other systems on the market. Unfortunately, the poorly designed interface looks basic and cheap and does not inspire confidence in terms of legitimacy and authenticity. Another thing that you will see while using the product is that it claims to have a powerful auto-trading feature, just like many other trading robots on the market. Supposedly, the software is capable of generating highly accurate and reliable signals – up to 83%.
Another thing is that the creator or creators of this automated solution have chosen to remain hidden and anonymous. This means that there is virtually nobody to take responsibility in the event you lose all your hard-earned funds. Further research reveals that this is a dangerous OptionRobot scam since there is no way to establish its authenticity and legitimacy.
Plus, there is no way of establishing whether the software actually uses any trading algorithm or this is just a web page designed to lure people into giving the software access to their savings. Just about all comments by former members of the system are negative. Due to these reasons, it is advisable you avoid dealing with this software. In fact, you are better off finding a legit, proven and trustworthy online investment platform. For instance, you ought to invest through legitimate CFD brokers.
Alternatives to OptionRobot
As mentioned above, it is best to stay clear of robots like OptionRobot and instead deal directly with CFD brokers. For instance, AvaTrade has been around for more than 11 years and holds licenses from the Japanese Government, the Bank of Ireland and more. In addition, the platform is allowed to offer its services to one of the strictest markets in the world in relation to forex and CFD trading; Japan. Another reputable CFD broker in the world is Plus500. The Financial Conduct Authority, Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commissions regulate the platform. Both platforms also sponsor several sports teams and offer users practical demo accounts.