A broker name which is very well known among South African traders, IQ Option is a broker which always tries to give their registered traders new and exciting trading experience.
Bering in mind their binary trading minimum deposit is only $10 which makes it possible for South Africans from all walks of life to become binary options traders, IQ Option is a frequent choice.
Therefore, it is hardly a surprise that IQ Option should come up with yet another great trading feature? IQ Option Robots, an auto trading feature, is tailor-made automated trading software South Africa which stands apart from all the other, similar trading features available.
South African interested in this trading feature will be able to get all the basic info in our IQ Options Robots review.
Is registering for IQ Option Robot Free?
As we set out to gather as much information is possible for our IQ Options Robots review, the first thing we were able to discover is that it was possible to set up IQ Option Robots account via existing account with IQ Option, which is great news for those registered traders.
The procedure wasn’t not much more complicated even for those successful binary traders in South Africa – all they have to do was to use the Register button which can be found in the upper right-hand side of IQ Option trading platform.
Unlike Pro v6 Fintech robot, an added benefit was also the fact traders could connect via social networks like Facebook or Google+.
As per usual, specific personal data also had to be submitted and that includes name and surname, email contact (address), traders’ password and, as the final step, traders needed to (via click) accept Terms & Conditions put forward by IQ Option.
The entire registration process was free of charge. Similar to what is available on IQ Option regular trading platform, South African traders were free to either first try out a demo account of immediately proceed to creating a binary robot.
IQ Option Robot Demo Account
Demo accounts in general serve as a test run, or better yet, a stress-free trading environment for new traders who haven’t got experience in binary trading South Africa. In the case of IQ Option Robots, South African traders were provided with $1000 virtual money on their demo account.
If they wished to forego the demo account and proceed further additional options are opened to them: use existing Robots created by other experienced traders, an option utilized for copy trading. Alternatively, South African traders could also create an altogether new IQ Option Robot using Wizard.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
IQ Option Bot Review
In this IQ Option Robots review we also found out South African traders were able to select a Robot of their preference by simply clicking on the Robots Catalogue. Robots listed are those which generate most profit and South African traders could browse on the left side and select any of the special features offered.
Features, which could be located under Catalogue filter, offer option types, period and assets profit. When period is concerned, 24h, 7 days, 30 days, within month, 3 months, 6 months and 12 months are all options open to traders.
However, should South African traders feel unsatisfied with this selection, it was also possible to go for other distinct parameters in order to have an auto trading experience with IQ Options Robot which traders will find satisfactory.
How does IQ Option Auto Trading work?
IQ Option broker prepared for their registered traders possibility to create their own IQ Option Robots.
Our IQ Option Robots review showed how there were two options, one was for traders beginners, while other was for professional traders in binary options. In the upper part of the platform, South Africans can click on:
- Wizard – for new traders
- Constructor – for advanced traders
Option to have two different ways to trade with IQ Option Robots was a great way for all traders to use this Robot and earn more money, by selecting the best suitable option for them.
IQ Option Robot Trading Interface
The benefit of opting to use IQ Option Robot was not just in the fact that traders are free to either create a completely new robot, but they can use the one already created by other traders which is an option used for binary options copy trading.
If they choose to create their own, level of their experience was taken into account and they could either use a Wizard (for beginners) or Constructor (for professionals) in order to create a robot according to their own specifications.
Minimum investment with IQ Option Robots
Minimum starting investment with IQ Option Robots was set to $1, whereas maximum payout was 85%, as we learnt for this IQ Option Robots review.
As we progressed in info collecting for our IQ Option review we have also discovered that registered traders had the possibility to put together IQ Option Robots according to their own wishes.
IQ Option broker went as far as to take into consideration the level of experience of their registered traders so there is one option which was more suitable for new traders – Wizard and another one, Constructor, for traders with plenty of binary option trading experience.
This was actually a fantastic way for both, new and advanced binary options traders, to reap the benefits of using IQ Option Robots auto trading feature and profit from it.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose
How to Use IQ Option Robots Wizard?
This Wizard was created with intent to offer inexperienced traders in South Africa simple to use system, which can be used without any difficulties.
As seen here, traders could choose a strategy and adjust settings. They could also test it which is very important for new traders. Binary options strategies can be ready-made or traders can create a new one.
Testing is an important segment since traders can actually see how this Robots acts under real market conditions. The final step was to name a specific robot. The more attractive the name was; the more traders would use it to trade binary options.
There was one more extremely important option which we learnt in IQ Option Robots review, and that was how it waseven possible to modify IQ Option Robots before publishing. This way, there was always room for Robot improvement into making him the best possible version.
How to Use IQ Option Robots Constructor?
IQ Option Robots Constructor was seen as more advanced and intended for professional South African traders. Traders who want to create more complexed robot, could make one in this Constructor section.
IQ Option Robots Constructor offered traders in South Africa to choose between the following:
- Indicators: trend, oscillators and other
- Strategies: signals, filters, standard blocks, my blocks and other
- Tools: information, logical, mathematical and trading
Process of creating Constructor Robot was guided with video tutorial, for traders to understand it better and benefit from it and it’s free binary signals. Pro traders had enough trading knowledge to use a variety of indicators and strategies to maximize profit.