BinBotPro Review 2020 Scam or Legit robot

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BinBot Pro

Robot Name: BinBot Pro
Founded: 2020
Type: Robot
Price: Free*
Return: N/A
Trading: BO
Demo Account: No
Minimum Deposit: Up to Broker

BinBot Pro Review

Two trading robots are better than one. But what’s better than two robots? An army of robots! That’s exactly what BinBot Pro is: a multitude of trading robots at your fingertips. Oh yeah, you’re gonna be rich again, in a matter of days, or even faster. Let me tell you how it works.

The BinBot Pro Story and the Human Opinion

Unlike many other money making machines, the BinBot Pro doesn’t have a sales story. Yes, you’ve heard that right. No fancy cars, no jets, no millionaire CEO who is trying to make me rich because why not. It almost makes me sad because I always enjoy a good story and a good laugh but hey, you can’t have it all.

The website (webPage rather) is extremely lackluster, showing a “user experience” video (big quote marks because the guy is clearly working for them) then they tell me that I will get access to the “Ultimate Money Making Machine” and finally they show three “Awards” (yes, quote marks everywhere because everything is a joke). The awards are for Best Binary Robot, Top Quality and Confident 100%. Needless to say that the awards are not given by a major financial/trading publication and instead they probably decided to award them to themselves… because that’s how it works. You think of an award and then you award it to yourself.

There’s something else they show: the brokers that will get your money. If you want to use BinBot Pro, you will have to open an account and deposit with BinaryMate, RaceOption (previously Finpari), BinaryCent or VideForex ). All of these brokers seem to belong to the same group (Finance Group Corp), have similar trading conditions and both belong in the lower tier of brokerages. Please be careful where you invest your money.

Ok, since the website didn’t offer enough info, it was time to pull out my trusty fake details and create an account. As soon as I did that, I was redirected to a page where I could see the robots in action:

What’s Included in the BinBot Pro?

They offer autotrading on 9 currency pairs (including Bitcoin/USD) and not one but 10 binary options robots. From what I can tell, their signals are not derived from ancient magic or crystal balls, but technical indicators. However, my BS detector is going off when I read some of their descriptions:

“We developed a momentum trading strategy based on the low-frequency trend component of the spot exchange rate. Using kernel regression and the high-pass filter of Hodrick and Prescott cycles. We recover the non-linear trend in the monthly exchange rate and use short-term momentum in this to generate the call and put signals.”

I had to read that multiple times to get what they’re saying but to no avail. All I can see is a bunch of fluff and some name-dropping to make it more interesting. The Hodrick and Prescott filter is a mathematical tool used to obtain a “smoothed-curve representation of a time series, one that is more sensitive to long-term than to short-term fluctuations”.

By the way, that’s from Wikipedia, I am not that smart. Anyway, this specific robot opened and closed more than 10 trades in a minute on a demo account but the Hodrick – Prescott filter is sensitive to long-term fluctuations, so how can that be applied to such a fast trading style. I mean if something is designed to be sensitive to long-term fluctuation, doesn’t that mean that it will perform poorly in the very short term? I don’t know, just how I don’t know if this fancy filter can be applied to binary options. I don’t believe it can, but I am always skeptical so take my opinion with a pinch of salt.

So, moving on: apart from the robot I’ve talked about (HP cycles), they have 9 others, each with different deposit requirements, ranging from $250 to $3,000. Keeping up with the latest trends, they also accommodate cryptocurrency enthusiasts by offering robots such as Ichimoku Crypto v2 ($250 minimum deposit) and Crypto ADX 2.0 ($1000 minimum deposit), which are geared towards trading Bitcoin, Litecoin, Ethereum, and other altcoins. Basically, the robots are free if you deposit the required sum but it’s not clear to me if the selected robot will take over your trading completely or if you have some sort of control afterward.

Interestingly enough, you can create your own robot and decide if you want to make it public or private. You can choose the currency pair that your newly created beast will trade (yes, including cryptocurrencies) and then choose from 6 trading indicators (use just one or all 6). However, it is unclear when the robot will open a trade. Does it open it at a cross between the indicators, or at a certain value? Multiple conditions? All questions that need some answers, which are not provided, unfortunately.

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  • Binarium
    Binarium

    Best Binary Options Broker 2020!
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One thing I totally disliked was that I couldn’t see any of the trades while they were active or history after they’ve finished. All I could see was a pop-up notification on the right side of the screen, telling me that the robot has opened a trade and some basic info (currency pair and amount). Also, the risk level was way too high (it opened several $100 trades on a $1,000 account) and I didn’t find a way to adjust it.

What Real Users Have To Say About BinBot Pro

We’ve found tons of positive reviews but… almost all of them scream Fake! I mean I cannot keep a straight face when someone says they’ve made $3000 last week alone with a free tool that works on autopilot. Come on, why sell such a tool if it really existed? But enough about that. Let’s see what our users have to say about it.

“Totally fake… loss 1500$”. He won in the beginning then lost it all – probably those first wins were pure luck – hey, even a broken clock is right twice a day.

Next, we have a doubter and he is totally entitled to his opinion, just how we are to ours:

Walter here would like us to try the robots using our hard earned cash because if we don’t get scammed we cannot “judge”. Hmm, so if you see some guy standing on the edge of a water well, you cannot tell him “Dude don’t jump or you’ll get hurt” just because you haven’t jumped in that well before? Some things are obvious, you don’t have to go do it before you can have an opinion.

I know that if I will hit my head on my keyboard right now, it will hurt. Do I have to do it to know that? No! After seeing people getting scammed for almost 10 years, after reviewing hundreds of trading robots, software and brokers, we kinda know in the first 10 minutes or less if something is a scam or not. Anyway, no, we haven’t tried it with real cash and we won’t, but feel free to do it yourself and let us know your experience. Also, as “RC”, said, please name a few robots that can make us rich – ones that you have personally tried.

Although I don’t really understand the first of Tim’s sentences, I can surely understand the second: they’re all scams. Yea, that about sums it up. Or at least, you should treat everything as a scam at first and if it proves legit, great. But money doesn’t fall from trees!

Bzzzt… Bzzt… The Robotic Conclusion

BinBot Pro is not your regular scam software that promises tons of money overnight. It’s not too flashy and doesn’t rely on the same rehashed story about a poor guy turned millionaire who for some reason will give you the secret to unlimited wealth for free.

That being said, there are many things that I don’t like about it, starting with the over the top description of how the robots work, continuing with the lack of information about the trades that are opened and the poor choice of brokers. Also, depositing $3,000 to get access to a robot about which I don’t know enough is a bad decision in my opinion.

And that brings me to the robots’ performance.

They show some amazing numbers, but you cannot verify that until you deposit… and I have a suspicion that you won’t get the same results. And by the way, they have a Robot Demo where you can see how much money a certain robot can make. I am 100% sure that demo doesn’t use real-time market data but I cannot prove it so I will leave it at that.

Ok, long conclusion, sorry. Let’s wrap it up: No!

BinBotPro Review 2020: Scam or Legit robot?

BinBot Pro Review: Trading binary options on autopilot is becoming popular and lots of softwares crop up everyday many being scams and few being legit, BinBotPro is an automated binary software that helps the trader autotrade binary options. This software has a nice platform. The software analyzes the market and generates signals on which it trades with for you. BinBotPro is web based and does not require any download, that means you can access it with any device that has internet connection be it your smartphone, laptop or desktop. This Binbotpro software review explains further why this robot is a good choice for traders.

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When checking out this software we discovered that BinBot pro platform only works with two brokers Finrally and BinaryMate, the two brokers it works with are reputable and legit, they have a good track record when it comes to trading. BinBot pro is an excellent binary robot that will make gains for you when optimal, the interface is easy and you can easily navigate through it. This robot can place trades for you if you wish when you are not online or connected to the internet. However it is after you have set it to do so when you were connected.Binbotpro is not a scam software, you can make profits from this software.

There are 3 account types with this robot: (1)Gold , it is also called Neuroscanner v3.0 and it requires a minimum deposit of $3,000 at the selected broker while the other is called (2)Silver also called Bolly Band Bounce and Bullish Intervention requires a minimum deposit of $1,000, The last account type is called(3) Bronze also called Strong US v2, Bladerunner, Rising East v1.2, this requires a minimum deposit of $250.

This robot also have a live chat support, when you have questions or need guidance they can be reached through their live chat or through their mail [email protected] Their support is robust and they are always there to help you out.

Robot Binbot Pro
Minimum deposit $250
Minimum trade amount $1
Compatible broker Finpari, BinaryMate
Support Live chat, Email
Demo account Available
US Traders Accepted

It is easily customizable according to you needs, you can create how you want this robot to work for you. This robot is highly suitable for all type of traders, whether newbies or professionals, and there is no discrimination when it comes to your country. Traders from any country can use the Binbot Pro APP, traders from the U.S.A are also accepted.

The customer support of this robot is top-notch, they can be reached through live-chat support and also email.

How Effective BinBotPro In 2020: Expert Analysis

BinBotPro in 2020 article will provide you with all of the reason why you should trade with this trading robot. The trading bot is undoubtedly profitable for both novice and experienced traders.

You can trade binary options on both Forex and crypto pairs. Unfortunately, traders from the USA are still unable to grasp the benefits of BinBot Pro. Because this trading software does not support traders from the USA.

As the cryptocurrency market is showing a positive vibe, so it is wise to trade the most profitable asset Bitcoin along with other forex assets in the BinBotPro platform.

Through our blog post, you will get to know the past year trader’s trading experience via this trading bot along with future forecasts. Moreover, this article contains expert statements on Bitcoin with analysis.

Read till the end to find out the best trading time and strategy for BinBotPro.

What Is BinBotPro – Brief Review

BinBotPro is an automated trading bot for binary options traders. Traders can trade binary options on both forex and crypto pairs. You will find a lot of experts are selling their products but, BinBotPro is different from other bots.

From 2020, BinBotPro is offering an automated trading solution. Some unique trading features make this trading bot fruitful for traders. The profitability of the listed robots is more than 300%. Moreover, the return percentage as high as 90%. Even more, new traders can make large profits if they follow the proper strategy.

To start a live trading session, you have to deposit a minimum amount of $250. However, the registration process will cost nothing. Along with the top robot list, you have the opportunity to create a bot with a custom trading strategy .

On the other hand, you will get a wide range of deposit and withdrawal methods. A dedicated customer support team is always there to give you the ultimate solution. BinBot Pro supports three regulated brokers. Unfortunately, the mobile trading facility is still unavailable for BinBot Pro users.

If you want to know more about the platform, then read our complete review on BinBotPro . Or you can start demo trading by clicking the link below.

High Capital Risk Is Involved In Financial Trading

BinBotPro Performance In 2020

This is the first and ONLY automated trading software that trades both Cryptocurrencies & Traditional Currencies all on one single platform.

The past year’s trading result of BinBotPro was quite satisfactory. Moreover, we got many positive reviews from our existing clients.

As per their statements, BinBotPro is a good choice for beginner traders in 2020. As we already mentioned, this automated trading bot is offering trading features from 2020. Till now, it is alive with all positive reviews.

On the other hand, our team is trading with this software for more than 1 year. We strongly believe that this software will help traders to earn more than 6 figures if they properly execute trades.

However, traders solely responsible for their trades as they are not promising any fixed profit percentage. To find an alternative, we performed auto-trading with our listed trading robots as well as other robots that are not in our list.

Fortunately, we found it as one of the best solutions for binary traders.

Live Trading Report

Most of our live trading outcome was more than $500 depending on the investment amount. In our strategy phase, we explained the best time-frame that we followed.

In the beginning, we selected three robots from the list. Most of our positive outcome was generate by xProfit and RSIMA cross. These two are the most profitable robot as per analysis and it requires the minimum deposit of $1000 to $2000.

And for Crypto ADX 2.0, we faced a huge loss. However, we found many traders who generate profits by using this robot. The major disadvantage of Crypto ADX 2.0 is, it gives terrible signals. We placed 5 trades and ended up with 3 looses.

The learning point for traders from our report is not to place more than two trades per day. At the same time, do not risk more than one trade.

High Capital Risk Is Involved In Financial Trading

Top Trading Strategy For BinBotPro In 2020

If you are a day trader, proper strategies will help you earn money from BinBotPro. Additionally, it is possible to get more than the expectation from one trading session.

The money -management rules taught that investing 5% of your balance in each trade is quite risky. However, BinBotPro generally trades with 10% of your balance. But the money management of this trading bot is satisfactory because it will not force you to place more than one trade at a time.

Weekend trading is not always successful for traders, as the major currency market like the New York Stock exchange remains closed. So, you should not place trades on the weekend. However, some small stock exchange around the world remains open. But you will find less volatility there.

You can trade from 13.00 GMT to 23.00 GMT from Monday. Because, the market stays a little bit more stable, at this specific time. In between these above-mentioned times, the market goes crazier from 17.00 GMT to 19.00 GMT. We don’t recommend you that time.

Note that making a proper time adjustment is necessary, who doesn’t live in the GMT zone.

As we informed you earlier, for BinBotPro, the best robots are xProfit and RSIMA cross.

Additionally, you don’t need to change anything, if you select robots from the given list. Trade at any time you want, as there is no perfect or secret time to trade. However, it is wise to avoid mid-night trading.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Free Trading Education!
    Free Demo Account!
    Perfect for Beginners!

  • Binomo
    Binomo

    2 place in the ranking!

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