OptionBotPro Review

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OptionBotPro Review

OptionBotPro Review: In recent times, the auto-trading market among binary options robot has been seeing many new entrants. Also, there are some players (brokers) who have been coming out with various versions of their software to attract the new traders.

Today, we are going to review the OptionBot Pro, a self-defined “binary options trend indicator”, so it is a signal service. It is the latest incarnation of the OptionBot software which provides automatic trading software as well as the manual option. The following text provides the detailed review of the OptionBot Pro for your consumption.

OptionBotPro Review

The TrendXpert and the Fibi FX are the owners and operators of the OptionBot Pro. The OptionBot Pro has been acclaimed by their owners as the advanced version of their 2020 release OptionBot 3.0. It has an added functionality along with extended user interface.

Besides this, there is no further information available on the above website nor it has any information about the registration and license. The information around the promoters of the website is not outright clean, even though, the names of the promoters are well-known in the binary arena but not amongst the most reputable, there are some websites which paint a rather murky picture of the promoters. To better understand and evaluate the product and their claims we have decided to go for an actual test, and we are sharing the results of the information in the below-mentioned text.

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Claim your free binary option robot, get started with three easy steps:

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  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

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    How Does OptionBotPro Work?

    The OptionBot Pro website claims that the system monitors 15 forex pairs and it allows you to set customizable alerts to trade seamlessly. The OptionBot Pro analyses the markets in real-time and can generate signals perfectly. The platform is available on the web and can be accessed through mobile devices and desktops. The website also claims that the system runs smoothly and can place trades without slippages. The enrollment is quick and easy as it requires you to sign up on the site, select their affiliated brokerage service, and make an initial deposit of $ 250 to get started. The website also offers a demo account with $ 1000 of virtual currency to test the efficacy of the system. The demo account allows the users to understand and evaluate the interface along with the efficacy of the manual trading mode.

    As discussed earlier the OptionBot Pro has been developed by the TrendXpert & Fibi FX. The web-based solution can be accessed through the web browsers whereas if you want to use their mobile application then you will have to download either the Google Play Store or for IOS powered devices it is available through the Apple’s store. As indicated earlier, both the organizations are known to the binary industry and the people behind them are known binary educator unlike some fictitious names used by several other software operators.

    The software works exclusively on 15 selected currency pairs. It allows the traders to set the time frame and PIP parameters to generate alerts. It claims that the software can manage to get an accuracy of northward of 88 percent by identifying the profitable opportunity for neutral, up, and downward trends. The basic theory used for the software is the support and resistance levels of the underlying to generate the signals. The simplistic approach used by the developers may be criticized by some, but for a 60-second expiry, it seems apt. The philosophy behind the software is well-accepted in the trading arena as there are trend followers in the market who prefer to trade the trend. Though it’s a known approach in the trading ring, the explanation given on the website seems very unclear and out of context. The not so professional website and opaque nature on various aspects will definitely raise distrust amongst the onlookers.

    Our research on the website shows that the principle used by the software seems reasonable, the lack of information regarding several other aspects of the signaling software has put us on the back foot. Following are some of the important parameters in which the website remained completely silent.

    Promoter Information

    Although the website indicates that the promoters of the website are Fibi FX & TrendXpert, but the website does not provide any further information regarding the same. Even the “about us” page is missing from the website. The website also remained completely silent about the registered addresses of both the organizations, their registration details, and most importantly on the licensing details of both the companies.

    Although the name used on the website are known entities, the lack of details by the website has definitely created a mistrust.

    Successor of OptionBot 3.0

    The website of the OptionBot Pro indicates that it is the advanced version of the OptionBot 3.0. The website has a navigation tab about the OptionBot 3.0 on the top-left corner and clicking on the tab will direct you to the OptionBot 3.0 website. Now by visiting both the website, it is difficult to estimate the improvements in the OptionBot Pro from the earlier version and also, the OptionBot 3.0 website does not provide much information regarding the system nor the evidence regarding the success ratio of generating signals.

    Aesthetics Doesn’t Impress

    When you visit the website of the OptionBot Pro, the most striking aspect is that the looks and feel of the website are amateurish and does not instill confidence that it has a backing of some known organizations. The information provided on the website seems out of context and doesn’t really provide a thorough understanding of how the system works. Also, the explanation given on the home page of the website is not very inspiring.

    Option Bot Pro Trading

    Cooperative Brokers

    This is one critical aspect of any signal service that it must have some legit binary broker association but surprisingly, the website does not provide any clue about who are their associated brokers. We checked on their OptionBot 3.0 website also, which has a broker tab on the navigation pane but a click on the same took us nowhere.

    The non-existence of such a crucial information is definitely not inspiring.

    Conclusion

    The OptionBot Pro website uses a known principle of binary trading to generate profitable signals but provides little knowledge about the software. Also, the website just mentions the name of the promoters but remains completely silent on their registered address, licensing, and other critical information about the promoters. The website’s amateurish look and the out of context descriptions are also not very inspiring. The website also neither provides any evidential proof about the success of their signaling service nor provides any legit reviews to improve the trust. It is difficult to establish the trustworthiness with the website and signal service offered by the OptionBot Pro.

    Hence, our recommendation to each of our readers is to nudge this one completely and look for an established player like the Option Robot for signaling requirements. The Option Robot scores very high on transparency parameters as well as on it has a long list of affiliated brokers. It has been operationally consistent in its performance and customer support services. We have hardly seen any negative feedback about the system on the internet about the Option Robot. The trustworthiness of the Option Robot is the highest amongst the binary options traders who utilizes the signal services or automatic-trading for their dealings.

    Overall, as the trustworthiness of the OptionBot Pro is hard to establish, we would recommend our readers to stick with the established name like the Option Robot for all your ancillary service requirements.

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    Option Bot 2.0 Review

    Every other day, we have new binary option robots coming into the market. The competition has widened and traders have a wider pool to select their preferred program. The profits that are believed to come from hosting or facilitating binary option trades have attracted many program developers in this field. The sad thing is that there are so many of them that were developed to make a lot of money to the developers at the expense of the uninformed but eager trader. This is why you will find good programs, copycat programs and downright scams.

    As a trader, you need to be well informed about the binary options robots you are intending to trade with so as not to fall into a trap set up for you by a scammer. Here you will see exactly what Option Bot 2.0 is all about.

    What Option Bot 2.0 is?

    One Gary Davies is credited with the creation of this program. This robot is widely known due to their extensive advertising and website optimization. Their affiliates also do a good job in keeping the robot well exposed online.

    Option Bot 2.0 is technically fully automated software; rather, it functions like a signal provider. This means that Option Bot 2.0 will provide you with signals and then you decide whether or not you want to trade or not. If you are looking for the fully automated robots where you just make a deposit and then it makes the trade for you, this is not it. Beginners will have a problem here as it is not clear what to trade and what to invest. It only favors professional traders who can easily decide whether a signal is ok or not.

    Trading with Option Bot 2 software

    • Trading pairs: Option Bot 2.0 has come up with a fixed set of pairs within which they will provide signals for you to trade in. They claim that they make their signals on these trade based on a deep study of the currency markets, experience in forex trading and their comprehensive analysis of currencies and other indices credible indicators. When all the data from all these sources is collated, the robot generates a signal which is sent to traders who then decide whether to set as a call or a put. The signals here are simplistic in a way and traders will not have to seek additional information to influence their trading choices.
    • Use of multiple trading platforms: Option Bot 2.0 has made the effort to make the program all inclusive by developing it to be compatible with different brokers and multiple trading platforms. This program allows the traders signed up with them to make different trades with different brokers. This is in a bid to widen their reach and poach customers who are stuck with the preferred brokers without having the freedom to switch trades from one broker to another right within the same program. What professional traders do here is to make similar trades with different brokers to widen the scope of their profits.
    • Flexible user settings: Most binary options bots have standardized operating settings that oblige the trader to follow without him having the ability to tweak them. Option Bot 2.0 has come up with a program to enable to customize the settings to improve your trading experience. The disadvantage here is that there are no recommendations to inexperienced users on the settings that work and those that mat jeopardize their trading. It would have been better if they had several versions of tweaked settings to give directions as what is likely to work and what is not. This leaves the trader to his own devices and his trades could be compromised by the time he goes round trying several versions of customized settings.
    • Downloadable: This program does not need one to download it to his computer. All you need to do is access the platform and get on with the business of trading in binary options. The developer claims that it is perfectly suitable with any browser. This is to attract users with older computers or those that want to save their computer storage for other space consuming programs like games and online gambling. The downside here is that you will not be sure of the security of your account because the program may be a little outdated on security features if even older browsers and computers are compatible.
    • Financial information on demand: Option Bot 2.0 has enabled traders in its platform to see alive feed of market news and fluctuations in the indices and other indicators. This is ostensibly to help traders make informed trades. This looks good from far but such information scrolling on your screen will seldom make your immediate trade a winner or a loser. In fact, there are very few good decisions that you can make while you are restricted to a fixed time expiry of a trade.
    • Customer support: though the program advertises itself as leading in customer support, trader’s experiences point otherwise. It is claimed that there are live chats, telephone numbers and email support but that is not in most cases, quick enough if it has to be of use for an existing trade or the request for a quick action. Beginners especially will find this discomfiting while this situation will not boost the confidence of experienced traders either. Leaving a message on the live chat feature defeats the meaning of the word ‘live chat’ in the feature. The same goes for email responses which may take hours to be acted upon.
    • Trading insights videos: Option Bot 2.0 has made an effort at educating their traders on financial matters. This is by including trading insight videos for you to listen to. Even when updated every other day, some insights will not help you with past trades and future projections maybe overtaken by events long before they mature. The advice is to trust the signals for the immediate trades more than insights that maybe too late to affect the trades you have already made. Moreover, some of the advices given by instructors in the videos sound more like opinions as people have made decisions on them and still lost in trades influenced by their input.
    • Training: This program has training webinars for traders to learn about binary options. Unfortunately most of them sound like the canned videos churned out by binary bots that actually give out nothing new beyond what you already know if you are already trading in currency pairs. They give you a sense of caring for your instructional needs but you don’t really add more value to your trades from these webinars despite your investment in time.
    • Upgrade from the first Option Bot 1: Calling their program Option Bot 2.0, developers give the impression that what you have now is a much improved, updated or thoroughly reorganized program. The reality could not be much different. In fact, as a new trader at Option Bot 2.0 you cannot really believe there was an earlier version, and you are likely to conclude that the original version must have been quite pathetic. This is because there are not many features which other competitors in the market will not provide.

    OptionBot 2.0 seems good at first glance, but there are better binary robots available, so I cannot recommend using it.

    Promises

    Like all the other common binary options robots, promises of making money and lots of it are not in short supply. The promises are incredulous and have very little chances of being achieved in normal binary options trading. Option Bot 2 promises that once you start trading, you will make a minimum of $781 in 20 minutes. Even professional and experienced traders will tell you that this is not possible. Think about making $781 every 20 minutes. It would be world news how they make millionaires in such short times. The realistic figure is a lot more modest if you make any at all.

    Option Bit 2.0 claims that accuracy of their signals go as high as 90%. No trader has come forward of proof of such accuracy with this program. 90% is highly ambitious and you should take it not as factual and proven result but as an advertising gimmick to get you and other enthusiastic traders on board.

    What traders have to say about Option Bot 2.0

    The most common complaint was about the accuracy of the much hyped signals. It was apparent that most traders did not make any good profits when trading with this program. A good number of traders reported of trading streaks lasting over 100 trades and returning less than 50% accuracy. That is a run that is more than enough to realize that you could be losing money there. This situation calls for you to be really diligent when assessing binary option robots. A good thing is gauge the experiences of others who are already in the program and compare that to your own aspirations and the experience you hope to find in the robot you eventually choose to host your trading.

    Customer support, or lack of it was another common complaint. Traders reported of a non-existent live chat feature. This is because your queries were rarely ever replied in time and actionable queries took ages, even hours to be acted upon. Trying their email support is giving yourself a test in patience and endurance. Emails went unanswered for hours and the responses not very much helpful. Their system favors very experienced traders who may not need much customer support.

    Security of your finances is something you could consider as well. Quite a good number of traders expressed their concerns that their investments could be on the line. This is because the use of older browsers to trade left a good number of them feeling exposed. The reasoning behind this is that there are some modern security features that are not compatible with older computers and by extension, the browsers that they run on. The same could be said of hacking and viruses firewalls that are advanced and capable of operating only on modern browsing software

    The fact that Option Bot is not a fully automated software puts off a good number of traders who would prefer the robot doing all the trading on their behalf. For people who do not have enough time to be constantly online to trade in the binary options will feel disadvantaged by this program as thye will have to compromise their other duties to create time reviewing the signals.

    Newbie traders are not very well taken care of here in terms of comprehensive trading. The account officers seconded to trader’s accounts are more interested in making you do more trades than help you with skills and knowledge to make those same trades. Their training webinars were reported to be shallow in fresh content and they were found to be rehashing what most other binary robots give as training.

    Conclusion

    If you are looking for big time profits from Option Bot 2.0, you will be greatly disappointed. This is because they don’t keep their promises of good returns. What other promises don’t they meet? Would you risk your investment to find out? Option Bot 2.0 does not really offer anything new than what is already in the market.

    Their lack of good customer support and wanting security is another thing you should consider signing up. There is no need of trading while your mind is on the shaky nature of your program’s security features.

    What you should do

    What you need to do as an investor in binary options trading is to look for a good trading partner. This will be done when you sign-up with a robot like Binary Option Robot for all your trades. This is because the robot is run by experienced hands whose loyal customers have benefitted from their constantly remarkable profits and the fact that they shield their traders from unscrupulous brokers who have infiltrated the binary options market today.

    Great customer support and easy and secure depositing, trading, and withdrawing your money is guaranteed. This is what you will find at Binary Option Robot. You are better off not putting your investments in a risky program when you can use it well where it has been proven to be reliable and professional.

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    Option Bot 3.0 – 7 Day Trial

    Option Bot 3.0 is an automated binary options software that’s now available to the marketplace. One of the main questions we will be answering today, is how many chances should we give a binary options developer?

    In this review I will be analyzing the overall performance of this developer and whether or not we should be enthusiastic about their latest release.

    Option Bot 3.0 Review

    The one thing that makes Option Bot 3.0 interesting is that they’ve had a long history in this market. The first version was released in 2020 and Option Bot 2.0 hit the market in 2020. So, they have consistently stuck by this software. Yet, if you dig deep enough the majority of real binary options traders will tell you that they lost money with both version 1 and 2. That’s why I asked the question “how many chances should we give a binary options developer” in the introduction. If this development team has failed to produce a winning system since 2020 it’s hard to believe that 2020 is going to be the year the changes it all.

    Video Review by John Kane

    Market Analysis

    You may ask yourself, why are there so many new binary options systems like Option Bot 3.0 hitting the market every week? The answer is quite simple, but I don’t think most binary options traders would be happy to hear it. While the deceptive nature of binary options developers is clear and repugnant the binary options traders are too frequently enticed by products that are shiny and new.

    Even if a product is continuing to perform profitably, the community is often not interested because it’s not the newest model. That’s why you have developers constantly releasing new products, and not focusing on the quality of the system. They feel that they can just released a new product when the community realizes the last one is bad.

    Then there is also the issue of affiliate reviewers that bash every product except the one that earns them affiliate income. It’s easy to see which reviewers these are because their reviews rarely ever get comments and the comments they do receive usually come all within the exact same week (they are fake).

    Trading Results

    I know I got a little off track so let me get back to a major issue I have with Option Bot 3.0. This system fakes demo results. If you signup with a demo and start trading it will win a lot of trades but if you look closely it will be telling you it’s a win when it’s actually a loss.

    This is very dangerous.

    Conclusion

    I am not recommending Option Bot 3.0 to the Binary Today readers. The developers of the system have had 4 years to put together a winning system and they’ve failed to do so. Instead, they rely on new updates that provide traders with nothing new, and fake results that make the software seem better than it is.

    If you are looking for real binary options trading tool I suggest that you pick up Binary5. It’s a real binary options strategy that provides real results and has hundreds of real trader comments every day.

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