As binary auto trading continues to attract more and more interest in South Africa as well as around the world, one binary trading solution seems to have come on top – Binary Options Robot.
For those South African traders who are unfamiliar with this automated trading system, Binary Options Robot comes as the perfect solution which places the trades on behalf of the traders.
This article will give a brief overview of this binary auto trading solution in general, but will focus primarily on the Binary Options Robot supported brokers.
Binary Options Robot Trading Features
What South African traders get with Binary options Robot is a completely free and does not require any downloads since it is completely web-based for a more convenient usage.
This automated trading software is governed by a trading algorithm which combines information obtained by candlestick formation, indicators, entry points as well as rules for risk management.
Binary Options Robot is completely in control of the traders and will never carry out trades if traders are not online.
In fact, to enable traders even more control, a feature has been installed which demands that trades either accept or decline the suggested signal.
South African traders can select more than 50 underlying assets for trading and those are sorted into currency pairs, stocks and commodities.
In opting to use this binary robot, South African traders are also ensuring that they get access to the VIP account which is an added value as it may boost the trader’s chances to secure profits and this the VIP features are not charged extra.
In the VIP account, traders have additional features which provide highly customised trading and has only recently been upgraded to offer not 4 different trading strategies but 5!
Each strategy available on this automated binary software has its own algorithm which provides traders opportunities for profit gain.
The latest trading strategy added to Binary Options Robot is called the Order Flow which, instead of being focused on prediction of price, is centred on the current orders.
Additional VIP features also include Risk Level with four different levels available to traders which enable them to select the level they find acceptable.
South Africans can also select the Expiry Time they find most suitable be it mere 60 seconds to those lasting to the end of the day.
In combining so many elements, traders are in a unique position to trade various underlying assets at the same time and enjoy the diversity of binary trading which boost the chances of making a profit.
Which Binary Options Robot Support Brokers Are There?
However, there is another important segment and that is concerned with binary brokers or, to be more specific, with Binary Options Robot supported brokers.
Because it is not enough to have the best possible auto trading software, as it is as equally as important to be connected with the suitable binary broker.
With Binary Options Robot that not an issue as this robot is supported by a selection of well-known brokers.
In fact, until recently the giant among binary brokers, Banc de Binary, had been one of the supported brokers.
Sadly, with their decision to bow out of the binary options industry their cooperation with this binary automated software ceased but it still points the quality of trading Binary Options Robot can provide.
One of the Binary Options Robot supported brokers is BinaryOnline, a brokerage owned by Zola Ltd and located in Bulgaria. This broker provides traders with several interesting trade options as well a selection of short, medium and long expiry times.
The minimum deposit with BinaryOnline is $250 with traders having USD, GBP and EUR as currencies available.
South African traders can also look forward to four different trading account types, mobile trading app suitable for Android and iOS as well as reliable customer support service.
PlusOption is another of Binary Options Robot supported brokers which has been present on the market since 2015, and which provides South African traders with plenty of trade options as well as expiry times.
Their minimum deposit is set at the industry average of $250 and traders may use EUR, USD, AUD, CAD, JPY, CNY and GBP to deposit funds.
They utilise SpotOption trading software which provides both a modern and efficient trading platform as well as easy navigation.
The next one in line is OptionStars, a relatively new broker available online since 2015.
They also sided with the minimum deposit of $250 which traders can deposit using several currencies GBP, USD, AUD, CAD and EUR.
Their payout can go up to 85% and traders can also take advantage of the fantastic range of trade options like Digital, Turbo, Range, Touch Up/Touch Down etc.
It is also possible to use their mobile app and a free demo account.
Lastly, one of the most prominent names in the binary industry is another one of Binary Options Robot supported brokers – 24option. This is a broker which has a long-standing reputation swell as the presence on the market.
Accordingly, it is not surprising that numerous traders both in South Africa as well as around the world flock to do binary trading with this broker.
With 24option South Africans get a modern, innovative TechFinancials powered trading platform with trade options like High/Low, Short Term, One Touch and Boundary Options.
They also offer a variety of underlying assets with details available in Asset Index tab.
Their minimum deposit is also $250 with currencies such as GBP, USD and EUR available for deposit.
Unsurprisingly, this is another of Binary Options Robot supported brokers which provide traders with attractive trading features like a free demo account which is ideal for risk-free trading in terms of practice since funds are virtual rather than real.
24option also offer their traders a mobile trading app and six different account types as well as reliable customer support.
Payment methods provide just as many choices and range from standard bank wire transfer to popular credit/debit cards such as Visa, MasterCard and Diners Club to a fantastic selection of e-wallets like Neteller, Skrill.