If you want to get a binary options robot, you might as well get the best. To find the best binary option robots for you, you need to know what you are looking for. There are very different types of robots, and each type is right for a specific trader.
In this article, you will learn:
- How to recognize the different types of binary options robots,
- How to find the type that is perfect for you,
- How to find the best robot for each type of trader.
With this knowledge, you will be able to find the best binary options robot for you.
Best binary option robots
Let’s work through these points one by one.
Which different types of binary options robots are there?
Generally, there are two big types of binary options robots:
- Free robots, and
- Paid Robots.
Both types of robots have their unique advantages and disadvantages.
Paid robots are often highly complex programs that allow you to tailor their trading to your preferences in any way you could imagine. You can choose which indicators and which money management to use, which assets to trade, and so on.
With these sophisticated programs, you can manage every aspect of your trading process. Consequently, they are ideal for experienced traders that know how to use their wealth of features. For experienced traders, it makes great sense to invest a little extra money to get a robot they can adjust to do exactly what they need.
For newcomers to the trading scene, however, paying for complexity makes little sense. Having to choose from hundreds of possible setups they don’t understand only increases the risk of them choosing a setting that fails to make a profit.
Newcomers need a simple robot. This robot needs to make money, but that’s it. It does not need to have complex functions, and it does not need to be highly adjustable – one working setting would be enough.
Consequently, newcomers are better off by choosing a free robot that makes trading easy for them. Free robots offer fewer functions than paid robots, but if you pick the right robot, they will turn a profit, too. With free robots, you can still adjust your investment amount and choose between different trading strategies, but everything is a little bit simpler and more rudimentary – ideal for newcomers.
The other obvious advantage of free robots is that they are free, which can save you hundreds of Dollars each month. For experienced traders, it makes sense to invest this money because they have a higher account balance than newcomers. For them, an additional return of 1 percent per month might be worth the investment.
Similarly, traders who want to make money in the easiest way possible might prefer the simplicity of a free robot. All you have to do with a free robot is sit back and let it trade for you. If you adjust your overall
For newcomers, who are often starting with an account balance of around $1,000, however, it makes little sense to invest $100 or more per month into a robot. For them, the savings outweigh the possibility of an increased return.
If you are in doubt which category you belong to, we recommend starting with a free robot. You can always upgrade later, but the money you pay for a robot is gone. So think twice before paying for a robot.
Which robot is perfect for each type of trader?
The best free robot is BinaryOptionRobot. There are very few free robots in the market, and most of them are free for a reason – nobody would pay for them. With BinaryOptionRobot, however, things are different.
BinaryOptionRobot has found a way to let your broker pay the registration fee for you. That means, you get BinaryOptionRobot for free, but BinaryOptionRobot nonetheless gets a payment they can use to offer a professional service.
For traders who want to test the world of binary options robots with the least commitment possible, BinaryOptionRobot is the perfect tool.
For paid robots, things are a little more complex. There are many competing providers, many of which offer a perfectly valid service. For more information, we recommend you take a look at our top list of the best robots available and pick the robot you like best.