If binary option signals don’t provide you with results you’re looking for, maybe it’s time to try something new. Several years ago binary option auto traders where introduced to the market as a revolutionary solution. Times have changed and new options start to appear in the market.
Signal services cannot provide that much value to the market anymore because they are way too slow for the industry that moves very quickly. We’re going to look at the most popular and promising binary option auto trading service providers that has a proven history and useful tools to automate trading process.
Trade4.me is a binary option social trading network where users can follow other trader activities. It’s an advanced platform that helps new traders to automatically copy trades made by professionals, and professionals earn extra commission from showing their activity to other traders. Also, some users may find useful additional tools found on the platform, i.e. an advanced graph section.
Trade4.me is operated by SAS Neutrino, which is a company registered in France and it’s been around since 2012. The main idea behind the platform is to connect with other traders and copy their trades automatically.
No conflict of interest. You’ve probably noticed that most brokers offer their trading signals services to their traders. Most of them even for free. It raises questions about conflict of interest and if these suggestions are safe. Trade4.me isn’t connected to one particular broker so conflict of interest is avoided. It’s a third party company.
Free copying. Even if you’re not interested in the platform, you can still follow various traders and receive updates from their activity. You don’t have to copy their trades.
Mobile app. Keep your finger on the pulse wherever you are and check the market on your phone. There’s an app available on both mobile platforms: Android and iOS.
How to begin?
- Register on Trade4.me.
- Link your binary option trading account with the platform (you’ll see available brokers on the platform and there’s going to be a button to link accounts). If your broker is not listed, open a new trading account with a broker that supports it.
- Check the leaderboard of best traders and analyse their previous performance (1 month, 3 month or half a year). The performance information is being captured from the actual trading account of the user so there’s no way to manipulate previous results.
- Choose a trader to Follow. When you follow a trader, you’ll receive an email every time the trader opens a trading position.
- Copy trades. When you feel comfortable with a particular trader, you can click ‘Copy’ and automatically start copying trades in your trading account.
- Choose an amount you’re willing to trade when a copy happens and you’re free to go. The system is going to copy every trade from the profile you’ve chosen.
If you’re already a profitable trader, you can apply for an account to let others copy your trades and earn extra money from doing it. It’s a straightforward process and it doesn’t require more of your time when trading binary options.
Auto Trading Binary is managed by a company called CiTrades and it’s been in the market since 2011. The process behind the auto trading system is different than with most solutions. The platform is developed by experienced traders and once you invest in the platform, traders are going to trade on your behalf. You have a full control on risk levels and trading amounts.
The human factor involved during the trading process is what makes this solution safer and ready for unexpected market surprises. Traders can begin with as low as $200 and for fully managed accounts, traders are required to invest at least $10,000.
Similarly as with other platforms, there’s no need to download any special software to begin. The company’s transparent policy lets you analyse each trader that’s involved in trading process and go through previous trading results for various trading strategies/models.
High success rates. Every day the performance charts are being updated and historical results for low risk investments show promising results. However, any previous results don’t guarantee potential profits.
Real humans. As in every market, things can happen and change. Most automated solutions that are not monitored by real people, may fail when unexpected situations arise.
Low entrance fee. In order to begin, traders are required to invest at least $200.
Full trading history. Before engaging with any auto trading solution, traders want to know how the platform has worked in the past. Auto Trading Binary ensures that historical results are freely available on the website.
No conflict of interest. With most automated solutions, traders biggest concern is if there’s any conflict of interest. In this case, the company is not a broker and it’s a third party service provider.
How to begin?
- Register on Auto Trading Binary website.
- Wait until you’re being contacted by a representative.
- Set the Strategy & Risk level. Once you’ll have your questions answered you’ll need to set your risk level.
- Sit back and relax. Trades are going to be executed automatically and you won’t need to worry about it.
Option Robot is currently the most popular auto trading software. Even though the company is fairly new to the market, it’s growing very quickly. Their platform stands out from others and users don’t need to download any software to start using it. Trade amounts are set from $5 to $500 and traders can choose from multiple automated trading strategies.
Option Robot Pros
No conflict of interest. The platform is a third party provider that’s not operated by any broker.
Most popular brokers integrated. Option Robot stands out from other solutions mostly by it’s partnership with the most popular brokers in the industry. Their trading robots lets you trade on platforms such as 24option, Opteck, UBinary, Banc De Binary and others.
Mobile app. All most popular operating systems are covered and traders can download apps for Android and iOS.
Multiple language support. The platform is supported in English, Russian, German, French, Italian, Swedish, Arabic and Dutch.
Demo mode available. Similarly as with brokers, most likely you don’t feel comfortable with such system without testing it. No problem, test it out before engaging with real money. There’s a free demo account available.
How to begin?
- Sign up for free at Option Robot.
- Deposit funds – the minimum amount is set to $250.
- Switch on auto trading – once you’ve completed the first two steps you just need to switch on the robot and that’s it.
Binary Options Auto Trading Explained
Auto trading is a complete hands-off trading solution for people who are willing to automate everything in binary option trading process. Usually it will pick an asset, choose expiry time, enter trade amount, buy a call or put option on your behalf. Probably you will ask: how is that possible? Some of these solutions are software solutions but most lately the industry has found a way how to connect real people with trading and still automate it. These platforms are trade copying solutions and behind platforms there’s is a real trader who will do all the work and when he’s ready to make a trade, software will do it not only for him but also for his users. Probably you’ve heard about solutions and systems where people can automatically copy other trader deals.
How does it work?
I.e. If you’re using a solution where you copy other trader deals then the process is quite similar as if you’d do it yourself. During a day a trader looks for opportunities in the market. When he finds an opportunity and believes that a prediction might be correct, he’s going to make a trade. This trade gets copied and the same happens in your account simultaneously without even touching your computer. It’s almost like having your own trader who is managing your portfolio while you’re working or doing other things.
If you are familiar with binary option signal provider services then you know that they are sending signals to your email or mobile phone. The problem is that you still need to make a trade on your own. Sometimes these few minutes might be critical to make a successful trade because receiving, reading and making a trade takes time.
How much do auto trading solutions cost?
Pricing varies a lot. In many cases you’re required to pay a small fee or a commission from successful trades. In some cases platforms are generating profit from subscribers. Make sure you understand the concept and pricing before you begin with any trading solution.