THE HOT WINDOW
Binary options world has been a revelation to many people tired of working 9 to 5 jobs, who can still hardly make their ends meet. It provides ease of access to the biggest and most profitable financial trading markets without all the complexity of Wall Street firms, and without their hefty commissions as well. The next logical step was a creation of Binary Options Trading Robots (BOTRs) that take off your hands all the work so that you can continue working or enjoying your hobby while the software rakes in profit on your behalf.
Troy Everett, who is a creator of BinaDroid software claims to have been an active and profitable binary options trader for quite some time. He connected with his long-lost Stanford friend, who is a professional in creation of automated systems and through this cooperation BinaDroid was born. It is, of course, completely free to utilize, as the company is paid by the brokerage firm it utilizes for every single trade it place right or wrong. We should mention in this BinaDroid review that the win-rate, unlike with many other BOTRs, is not clearly stated, but we took a chance and our winning was around 80-90% ever single day.
|Author Name||Troy Everett|
|BinaDroid Minimum Deposit||$250|
|Average Win Rate||Up to 90%|
|Use of Regulated Brokers||Yes|
|Max Daily Trades||Unlimited|
|Customer Support||Web-form, Live Chat
Before you start investing with any kind of BOTR it is good to have a closer look at it. BinaDroid robot does not offer a demo account, but you can easily register for free with a real money account by simply your first and last name, email, phone number and a unique password (should contain at least 4 characters). After that, you can take a video guide tour of every option BinaDroid has for you.
First of all we should note in this BinaDroid review that you can choose how many auto-trading positions to take, one or two per. Auto-trade feature is quite peculiar, as you have to manually choose the amount to invest, the time-frame and the amount of trades (one or two). Then the robot fetches the data and places the trades on your behalf only once. So you have to repeat these actions on and on again. With any other BOTR, the app does all the work for you after only one initial set-up, but BinaDroid seems to only offer semi-automated trading.
Secondly, the time-frame for every trade can be set at 60, 180 or 300 seconds. The 60 seconds trades are the riskiest when you choose 180 seconds trades, they are medium risk, and 300 seconds trades are low risk. It does not make much sense in placing many auto-trades manually with such short time-frames per day, but it may suit some traders who want more control over BOTR. And in the video the speaker recommends to invest only up to 10% of your balance which is a good money managing technique.
Thirdly, you will witness how the manual trading is done on the software. Almost every single BOTR does not offer manual trading on the platform itself, but forwards you to the brokerage company's web-page. Fortunately, due to BinaDroid robot you can do it right here and right now without wasting time. There is also a candlestick chart that allows you to analyze the pattern and trend of any given asset. There are not too many of assets on offer, but the core ones are present, like currencies and indices.
To start your investing with BinaDroid software a deposit of $250 is required. You will also receive a 100% matching bonus on any initial deposit you make, so the more is the better. As mentioned above, the auto-trading is in reality closer to semi-automated trading, where you have more control of what is going on with your account balance. That is a possibility for double checking the profitability of the system, and the amount of money you place every trade. We advise to start off a bit slowly and wager about 1% of you account balance per time. If things work out for the best as they should, you can increase the auto-trade to 10% of you balance. Please, mind that in order to withdraw any winning you will have to wager on average 40 times your deposit and bonus amount.
Also it should be mentioned in this BinaDroid review that the minimum trade is only $5 with a maximum of $250, which is reasonable both for small and large stakes investors. The time-frame has three options, to suit all types of traders. So in the essence, BinaDroid trading offers a trading signals system, but all the manual work is still done by you. And as the whole meaning of BOTR is to create labor free profit, BinaDroid software does not seem to match this description by any means. It is indeed a free signals provider and not a BOTR.
BinaDroid Review - Support
Language support is as usual limited to English only. That does not seem to influence the investors a lot, as the BOTR is very basic and straightforward to deal with. BinaDroid trading is also Verisign and TRUSTe certified, meaning that your information and safely transmitted over the Internet.
If you need to contact the customer support team, feel free to use the company's official email address for queries. Otherwise, a comprehensive guide tour is on offer. There is no FAQ section or other options to get to know about the platform. For this reason, feel free to advise our review once again to clear any outstanding issues or leave a comment below with a question or to share your experience of using BinaDroid robot.
Finishing this review with BinaDroid scam topic, it should be mentioned that if you are looking for a semi-automated BOTR then BinaDroid trading robot is the right choice for you, as there is no other platform quite like this that allows traders such control of every trade the robot places on investor's behalf. And it is available for use, so there is no drawback in checking it out on your own. Moreover, there are a lot of positive comments on this software and no complaints on BinaDroid scam. People say that they managed to generate profits and haven't got on BinaDroid scam.