Binary PowerBot Robot Review – Fully automated trading

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Binary PowerBot Robot Review – Fully automated trading

THIS SERVICE IS NOW CLOSED. (see the best alternatives here) Binary PowerBot is a product which has been 3 years in the making. It is the result of a collaborative effort put in by a professional team of Maths gurus, experienced brokers and coding specialists.

The robot is build to analyze the market and find trading opportunities and allow users to implement the signals manually or using a completely automated push service.

Upon development, extensive testing, re-testing and optimization on the platforms of various brokers, the BinaryBot team have delivered not only a very interesting product, but also one that is affordable to everyone. At a single payment of only $69 Binary PowerBot offers the cheapest access to fully automated binary system. But is this robot any good? Let’s find out.

How to trade with the Binary PowerBot

One of the best features of the PowerBot system is it’s ease of use. Literally anyone can use their online trading robot with minimal effort. It is a completely web-based system on a fully responsive website accessible via any browser.

The above screenshot shows the complete system. All trading is done via this online platform. There is no need to jump between your signal service and your broker any longer. Whatever you trade on this system will automatically be traded on your broker’s platform because these two are fully synchronised.

To begin trading manually simply look at the signals with the highest confidence score (rated out of 5 and positioned on the left below each currency pair). The higher the confidence level the greater probability of the signal being correct. The signals are based on technical analysis and automated algorithms, however unlike some other signals we have reviewed earlier, PowerBot signal users don’t have access to additional charts to see how the signals are formed. There is a minimum amount of information that is presented to the user rendering this system very straightforward.

The other thing that you need to do to place trades manually is to look at the expiration timer that loops like a clock and shows you how much time you have left before the signal loses strength and expire. This is a nice visual that is also very easy to follow. From experience we can share that it’s always best to trade at the beginning of the signals rather then towards the end when the signals get weaker or the trend changes. Most trade opportunities are turbo trades of 60 seconds, 2 minutes, or 5 minutes expiry times.

The last thing that the user needs to do in the manual mode is to type in the amount of the trade in the box and click the ‘Trade now’ button . The trade will be immediately executed and it’s progress shown below in a coloured box. As you type in the trade amount you will see your potential return in the little green box next to your trading amount.

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  • BINOMO
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    2nd place in the ranking!

These three simple steps basically outline the entire experience of manual trading using the Binary PowerBot Robot online. It is not a complicated process, let’s agree that a child could do it successfully to sum up how simple it is. But the team and creators of the PowerBot robot went one step further and added the possibility to set this whole trading experience into a fully automated mode.

Trading binary options using a fully automated mode

It is also very easy to switch this entire system into a fully automated mode, a robot mode, in which trades are taken automatically as soon as a strong signal with a high confidence score appears in the system.

All you need to do is set a default investment amount in the box and switch auto trading to on. Th box to do that is on the left side of the screen below your account balance. To follow sound money management we recommend setting the default amount to not more than 3% of your account balance.

Once the automatic trading is turned off you can watch the screen to follow the trading activity that is happening without any of your input, or go for a nice run outside. The binary robot takes care of the rest. Although it’s a completely hands off we wouldn’t actually recommend switching the robot on automatic and leaving it for the whole day and night. That could prove fatal.

Our tests show that trading in the automated mode is effective and brings in profit during the overlap of London and New York sessions.

This is very normal for signals generated automatically via technical analysis. The Powerbot robot signals are for turbo trades (1-5 min) so they need a lot of market volatility and movement. The London/New York session is where most volumes is traded so the signals are much more reliable.

Connecting Binary PowerBot to a broker account

When you purchase the signals you will receive a link to register a new account. It’s a very brief registration form that will register your Binarybot account, as well as, your new account with Cedar Finance broker whose trading platform is linked to the Binary PowerBot robot software. So when you trade online using the PowerBot system you’re effectively placing trades with Cedar Finance brokerage firm.

Using your available demo funds

Once you register you will be instructed to fund your account. You will also be called by one of their representative to confirm your registration. As soon as you access the system you will notice that you have been given $500 (if you choose a Dollar account as opposed to Pound or Euro) as demo to test the software and the entire system. The demo expires after 3 hours of automated trading, and then you will need to fund your account. Remember that the funds are used for trading, this is not an additional payment for Binary PowerBot. Of course if you already have an active account with Cedar Finance you can link to it by logging to the system with your existing login details.

Expect to receive many signals a day

The binary PowerBot robot generates many signals a day, sometimes even as much as a two hundred. No other signal provider generates that many signals. However, not all PowerBot signals have a high confidence score. The confidence level is rated out of five, with five being a very good trading opportunity. There are significantly less signals with a perfect confidence level, however you can still expect to receive at least 10 high quality signals a day. When you switch the robot to fully automated trading mode it will only take trades with high confidence score.

Social trading on PowerBot website

The PowerBot interface displays a social feed of activities of other traders using the system in real time. The feed is in a form of a box located at the lower right side of the screen and acts only as an insight into what is happening on the trading platform. Although it looks interesting it doesn’t actually add any value to the actual trading experience. You can see how much other traders deposit and how much they win, but you don’t see how much they lose, which would be nice to see the whole picture rather than just a fraction of it.

Also there is a trader activity indicator right under each asset with a number of traders who are trading the signal. This is dynamic and changes with more trader activity. It’s interesting to see that there are many traders who act on weaker signals too. However, we strongly recommend following only the signals with the highest confidence levels.

Profitability of the PowerBot trading robot

The Binary PowerBot team claims their robot repeatedly achieves 81% success rate. The trade performance of the software has been gathered from more than 12,000 users who have purchased this product, and there have been similarities in performance when assessed on a user to user basis. When we tested the system our £615 account increased to £816 within 1.5 hours of trading the London / New York sessions with the default trading amount set to £10, which is the minimum trade amount (or $10, €10) on the BinaryBot/Cedar Finance platform.

* Please bear in mind that in trading past results do not guarantee any future results.

Asset types traded and trade expiry times

The Binary PowerBot only trades currency pairs and there is no preference on what currency pairs are traded. The robot trades 24/7 as long as the markets are open. Most PowerBot signals are for very short expiry times of 60 seconds to 5 minute trades.

Things to consider before using the PowerBot signals

As with all automated software the results may be unpredictable. One day the software may produce outstanding results but the next day it can blow your account. Markets are never 100% predictable and there is no software out there that can produce 100% wins or even 90% success rate. It’s simply impossible to know whether the automated robot will give you a fantastic return or a loss. There are things you may do to increase your robot’s chances. For example setting the automatic mode only during certain hours of market activity.

If you’re an aspiring trader this system won’t teach you anything about trading. There are no charts provided for any insights to the structure of the signals, and you can’t see why the signals are being shown or how they are generated. If you want to learn to trade properly the best thing to do would be to subscribe to live trading sessions, such as Binary Options Trading Signals.

Main features of the Binary PowerBot Robot

  • Simplicity of use – All the trader needs to do is simply to fill in tiny registration form to link the robot with broker.
  • Fully automated – The Binary PowerBot software works in a fully automated way.
  • 60-Day Money Back Guarantee – If you are not happy with the software you can claim a return within 60 days of purchasing.
  • All trading activity is done via a single interface – The software has a built in broker platform
  • Strong signals with highest confidence score – Trading the signals with the highest confidence levels active for at least a few seconds produces very good results
  • Perfect for novices – The PowerBot Robot is so easy to understand that anyone can trade using its platform
  • Accessible via mobile – Access to the robot is via a fast and fully responsive website that works with mobiles and tablets
  • Single payment of $69 – With a price tag of only $69 the Binary PowerBot robot beats its competition entirely

Customer support and a LIVE chat

All correspondence emails will present the contact details of the Binary PowerBot team. You can, therefore contact the customer support team using the email address but the easiest method to contact the support team is via the Live Chat widget located at the bottom right corner of the screen. The support is active during all hours of market activity.

Purchasing and getting started

SERVICE IS NO LONGER ACTIVE. A user is expected to buy access to the Binary PowerBot trading robot by clicking the payment button on the Binary PowerBot webpage. The trader is then sent to the payment portal where payment of the subscription fee is made using a credit card or Paypal. Once payment is completed and successful, the trader will be sent setup instructions on how to link the trading account to the software, as well as a link to the user area on the website.

The trader is also expected to open a trading account with a recommended broker and deposit money before using the signals.

Cost of Binary PowerBot Signals

Access to the Binary PowerBot is attainable for a single payment of only $69.

There is a 60-day money back guarantee for this product in keeping with ClickBank guidelines. So if you use the product for two months and the outcome of the signals does not meet your expectations, you are free to request your money back.

Conclusion

This offer from Binary PowerBot looks good on paper. The fact that there have not been any major complaints in forums where we know dissatisfied traders usually come around to expose a bad software along with many satisfied reviews from traders gives the impression that the software actually delivers on its promises. Even though there is no evaluation period (free or low-priced), the 60-day money back guarantee provides enough security for traders to try the product risk-free for two months. At a one-time fee of $69, this product is a fantastic bargain.

7 Binary Options

Automated Binary is a relatively new automated binary options trading system. As with any new system, there may be some hesitation as to whether this system is an accurate and legit or perhaps a scam like so many other trading platforms. In our following review, we will rate this system and give you our honest and unbiased opinion.

What is Automated Binary?

As a fully automated trading platform, Automated Binary will generate trading signals and then place them on behalf of the traders. There are no additional downloads required and other than the standard minimum deposit, there is no charge for the system.
Automated Binary has an extensive list of binary options brokers from which traders can choose. Traders are also able to select from a variety of trading methods, assets and indicators. They offer a free demo account, which is beneficial for those who are new to binary options trading.

Screenshot

How to Get Started

As with any other trading system, you would create an account and sign with one of their recommended brokers. After making your initial minimum deposit, you can set your trading parameters from their wide selection of assets and then begin trading. Once you start to earn a profit, you may withdraw your earnings according to the rules and regulations determined by your broker.

Get Started In 3 Steps

It will only take you about 1 to 2 minutes getting started with Automated Binary. You can do so in 3 simple steps:

1. Create an account at Automated Binary for free
2. Choose your preferred broker from the Automated Binary extensive list
3. Deposit and start the automated trading software. We recommend a deposit of $500 (min. $200) so you will receive broker bonuses and have the highest probabilities of huge profits

Automated Binary is a free service. Traders are required to deposit with their chosen broker to utilize the “real money” automatic trading system. Just follow the simple steps I listed earlier.

Special Features

We found a few benefits that make this system stand out from other trading systems. The fact that they offer a free demo account is a huge plus. They also offer a large variety of trading assets and have a large list of brokers, many of whom are regulated by a governing body. Also their withdrawal process is one of the best we have seen as you have a variety of ways to both fund your account and make withdrawals.

Is Automated Binary a Scam?

As of now, we have no reason to suspect that Automated Binary is a bogus trading system. We have not seen negative reviews or complaints. Traders who have used this system have claimed to have been successful at earning profits. We feel that this system is definitely relatable, but as always, we remind you that binary options trading is a risk, as any other financial investment so you should always proceed with caution.

Conclusion

After much research and our trial of this system, we can safely recommend Automated Binary as a trustworthy trading system. We have had a positive experience with this automated trading platform. Their customer service department is very knowledge, polite and extremely helpful. This system is recommended for both novice and experienced traders.

7 Binary Options review: Automated Binary Review : 4,5 stars.

John Miller

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9 comments

AB is pretty solid overall. Thanks for review!

I am tempted to try but really can’t afford to loose more money……………….

I have won $2200 in a week with Automated Binary…..thanks John ��

You are welcome Molly.

what broker did you use?

how much can you withdraw if you had 10;000 can you get it all

Hello John, please be inform that i just joint with automated binary.com via your site but my country is not available ( my country is Indonesia ), they don’t have broker available for indonesia, can you inform me by email for automatic trading available for indonesia, thank you very much, success in the world.

How much Is the minimum deposit?

Hi,
Do you accept US customers?

Leave a Reply Cancel reply

  • Average return in our test: 92%
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  • Compatible brokers: 5
  • Accepts US customers
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Disclaimer: 7 Binary Options will not be held liable for any loss or damage resulting from reliance on the information contained within this website. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author. 7binaryoptions.com is only a website offering information – not a regulated broker or investment adviser, and none of the information is intended to guarantee future results.

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Automated Trading Software

It’s not impossible to master binary trading, and like anything else, the more you put in, the more you will get out. To become good at making money, you’ll need a great broker, time and some patience. For some people investing this time is not an option, and you never reach your true potential.

Enter the robots! We don’t mean physical machines that will sit at your computer and trade for you but binary options robots that come as part of pre-programmed software. This software uses complex mathematical algorithms to examine market data and then uses this data to trade with highly profitable and low-risk results.

Different brokers allow the use of different robot software, and once you have opened an account, you’ll be able to view all the compatible brokerages for that provider. You don’t need to worry about who to choose. We have done the hard work for you and recommend brokers based on who offers the best trading experiences.

In this article, you will learn:

    What binary option trading robots are The benefits of the best trading software How you can make more profit using them

How Robots Save Time

The mere thought of downloading, installing or setting up a software programme may leave you feeling like it is time-consuming and complicated. You will be surprised at how simple it is and how much time it will save you in the long term. Here are a few simple steps that will have you trading automatically within no time.

Choose a Robot Service

While you can spend hours carrying out research looking for the best robot trader, you probably don’t have the time. That is where our list of recommended services will save you a lot of time that you can spend trading. All you need to do is choose the one for you.

Download The Software

Many brokers or software providers will require you to download the software. On a mobile, this may be as simple as downloading the app. You can access some robot trading software via a browser.

Sign-up With a Broker

In addition to the free binary robot software, you will need to get a real account with a broker. The software will normally recommend binary options brokers to open an account and deposit with.

Programme The Software

We don’t mean that you need to be a programmer to operate the software, but you do need to tell it what you want. Set your technical indicators which will include your investing limits, frequency etc. then leave the rest to the auto trader software.

Sit Back, Relax And Enjoy

That’s it. Now you are trading without doing anything. You can carry on with your business and leave the rest to the robot. Just check in now and again to see how your trades are doing and reset the parameters if you need to.

Using a binary robot also removes the anxiety you might get from trading. When you place a trade with an expiry time of an hour sometimes watching what is happening can put the trader through a range of emotions. By using this, you can check in every so often to see how you are doing rather than being glued to the screen for each trade.

Trader Broker Asset Profit

How Binary Robots Work

The robot trading software is something that you download to your computer or another device once registered with a broker. A download is not always required; sometimes you can start using them online via a website. Investment using this method is known as automated or auto trading and is used by “auto traders” that want to free up their time and increase their success rate.

Like any computer, the capacity to research, consume and analyse data is much higher than the human mind so the machine can process all the data much quicker than any human being without emotion or instinct. By using this process, more information is gathered at a much quicker pace allowing for more effective, profitable trades using an array of automated trading systems. The capacity to trade becomes much more and the number of successful trades increases.

Why then, wouldn’t anyone want to take advantage of this help? To begin using the automated trading software you need to choose a service that is compatible with your broker and start using it. To help you select your provider we have researched hundreds of them across the world to bring you the best and offer up our advice on who you should trade with saving you both time and effort.

Some traders prefer to keep control over their trades rather than giving everything over to the robot, and this is where trading signals can be a viable alternative. Trading signals are services that provide advice and information on which trades to make. You still need to make the trades yourself, so you remain in control but the advice on what trades to place is given to you. It’s great for people who might not be good at reading the markets, depending on if the service you use is good, of course.

Benefits of Automation

    Save valuable time. Binary trading robots have a far higher capacity for information than the human brain Execute more successful trades. Using the trading system to gather much more data makes the trade more reliable Trade without any emotion. Remove the “gut instinct” element and control your trade amount Allows you to carry on with other things. You don’t have to spend so much time in front of a computer or on your phone and can carry on with your life while still making money Less knowledge needed. You don’t have to study the markets, trends, assets etc. or become an expert to be successful It’s free or low cost to use once registered with a broker and doesn’t always require a download Software helps with money management. Increase win rate = more money = greater profits Test them with both a virtual or free demo account Anyone at any level can use them whether a binary options trading beginner or expert

There are some “scam robots” where the purpose is to con the investor out of their money, and they don’t work. There are tell-tale signs that you should watch out for as to whether a service is legit or not. These include no contact details for customer support, consistently bad reviews, a short operating time and only a few assets available.

This software uses complex mathematical algorithms to examine market data.

How to Find Legit Software

Some unfortunate investors aren’t always able to spot online scams and can lose a lot of money when they should have been making it. Before they notice there is anything wrong they could already have made many trades. There are things to look out for to try and prevent this happening, but we highly recommend using our advice and recommendations to ensure that you register with a trusted and reputable binary robot software service.

We’ve done countless binary option robots reviews and found them to be a reliable solution if you want to trade without having to dedicate all of your time to research and analysis. If you enjoy studying the markets, analysing and placing your trades, then you will want to continue doing the work yourself, but if you want to free up valuable time, then this is the solution. Watch out for other robots available such as those used for Forex trading or crypto trading. These are very different products with different technical indicators and should be avoided if you want to trade options.

We have tried, tested and reviewed the many types of software and know which companies offer the best binary robots trading experience and which software outshines the others. We believe that investing apps are a great way to save time and make money and to assist you in the quest to become the best binary options robot trader, our advice and recommendations are designed to make this happen.

Frequently Asked Questions

Is robot software reliable and trustworthy?

Like many aspects of binary options trading, the reliability depends on the security of a company overall. If you choose a recommended, reputable provider, then their services will be tried, tested and reliable.

Can they predict the right trades to make?

Prediction is a good question because even machines can’t predict the future, no-one can. What they can do is analyse data, trends and other aspects to come up with more reliably informed information.

Will I need to pay money for good software?

No, the best binary option robot software is free to download and use. For the most part, you will need to download it using a free account before opening a real account with a broker.

What if my trading robot gets it wrong?

Even with sophisticated investment tools, it doesn’t guarantee that you will be 100% successful. The robot improves the chances of making successful trades.

How do I find the best software to use?

That’s easy. You merely review our recommendations and select a few from our list to check out for yourself. We base all of our findings on our own experience, tests and research.

Jacob has been an author for us since our launch in 2020. He has over forty years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Best Binary Options Broker 2020!
    Ideal for beginners!
    Free Demo Account + Free Trading Education!
    Get a Sign-up Bonus:

  • BINOMO
    BINOMO

    2nd place in the ranking!

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