When it comes to automated binary options trading programs, the Binrobot-Lady does not aim to offer a revolutionary service; instead, concentrates on offering an existing formula that provides a flexible trading bot for investing in the binary options market.
Binrobot-Lady Automated Bot & Signal Trading Overview
Automated trading systems have found a prominent place among investors in numerous financial markets, and binary options trading is not far behind in terms of outright usage of bots for trading. It is true that trading robots take the stress out of trading, although at the expense of relinquishing control to an unknown entity. Regardless, several traders have enjoyed positive trading results by using high-performance binary options trading robots, which has led to the creation of numerous services and service providers in the online marketplace.
Binrobot-Lady is another automated trading robot that adopts a tried and tested automated trading system, with a slight twist. Trading assistance is provided in two forms; either through the use of trading robots or through the usage of trading signals. Binrobot-Lady has chosen to take both approaches and combine it to create a hybrid binary options trading service.
Binrobot-Lady not only provides access to an automated trading program but also provides trading signals to enable traders to enter and control their trading activities manually.
By choosing to cover both markets, Binrobot-Lady is certainly a good option for investors who wish to test both products and choose one according to their trading needs. But how effective is their trading service, and do they have the performance guaranteed to offer a consistently profitable trading environment? Learn more about Binary Robot Lady and their performance claims in our comprehensive review of the binary options robot.
The first thing that we look for in a binary options service, regardless of whether it is a broker or an automated binary trading bot, is its regulatory status. Of course, we can’t expect support services such as binary trading signals and robot programs to be regulated by any agency, as regulators are more keen on regulating brokers and clearly stay away from regulating or supervising any trade research/analytics/signals service providers. It is one of the primary reasons why we don’t see signals service providers being regulated or endorsed by a verified regulatory agency. In fact, if you ask any established trader or a credible organisation, they will most probably obviously advise you to stay away from signals or automated trading, or even avoid trading binary options altogether. Even service providers don’t recommend using their services on live accounts, as there is a high risk of losing the entire invested capital.
However, we still want binary options signals providers and trading programs to offer contact information or other relevant company details that can enhance trust among users. BinRobot-Lady does not provide any such information, which does not spell great confidence in the company’s services. It is not uncommon for these trading programs to intentionally conceal any identifying information, due to fear from legal consequences from its users in the event of extreme losses. However, on the flipside, a lack of regulatory or contact information prevents traders from ascertaining the authenticity of the service, as binary options trading programs have been known to indulge in fraudulent activities in the past.
The only saving grace is that the service has teamed up with regulated binary options brokers, which ensures that these brokers can at least guarantee the safety of your funds against financial malpractice. Binrobot-Lady is a free automated trading program, and the company has made it a priority to offer access to leading brokers, in a bid to prevent any instances of broker scams. Therefore, traders should enjoy a peace of mind as far as investments are concerned, but in terms of trading performance, the company’s regulatory status leaves a lot to be desired.
Binrobot-Lady has been live for more than two years and has catered to around 95,000 traders since its launch. The program has received positive acclaim from a majority of its users, but the program is not entirely free from any negative feedback. Regardless, the binary options robot has won five international awards and continues to accrue positive response from its users.
Binrobot-Lady Trading Robot & Binary Signals
Binrobot-Lady uses a tried and tested approach to automated trading, which is based on a set of trading conditions that were made popular by other established binary trading programs. Binrobot-Lady uses a web-based trading interface, where all user accounts are connected to an online trading bot that can be tweaked and customised according to individual trader preferences. Binrobot-Lady cannot be added to an existing binary options account, and we have worked with similar programs where traders are expected to open a dedicated trading account through the binary trading robot platform. While such a program prevents the need to install any browser extensions or plugin for trading interfaces, the downside is that traders will be required to sign up for a new account from scratch.
Binrobot-Lady is a free service, and in order to keep the service free for all users, the company works on an affiliate commission model that earns money through referrals. Such a strategy requires the company to refer actual traders to a broker, and the robot only works for accounts that are opened through the Binrobot-Lady platform. Therefore, it is essential for traders to confirm that they have indeed used the Binrobot-Lady platform for opening an account, as well as for making a deposit.
The trading signal service also works in a similar fashion, but in this case, the free signals are provided through a user dashboard that is activated only after Binrobot-Lady platform can verify that the trader had indeed used the platform to sign up for an account. The company encourages its traders to deposit funds through the Binrobot-Lady online platform to prevent any account manipulations, which uses advanced encryption technologies and SSL protection to ensure the safety of financial transactions. Depositing through the Binrobot-Lady platform can also avoid any conflicts in the future, but ultimately, you will be depositing funds at your preferred broker.
The Binrobot-Lady binary options robot is compatible with five of the most popular binary options brokers, which include 24Option, uTrader, BDSwiss, and EmpireOption. The choice of brokerages may be limited for regular traders, as other competing programs with similar trading strategies offer access to at least 10 different binary trading companies. Binrobot-Lady is planning to add new brokers in the future, but until then, traders are recommended to open an account at any of the service’s recommended brokerages.
The Binrobot-Lady trading platform can be accessed through a web browser, and it is common for a majority of binary options services and brokers to adopt a browser-based platform as well. Binrobot-Lady is an automatic trading robot that makes use of specified algorithms and trading conditions, which are customisable according to traders’ preferences. Even though the bot trades on its own according to a set of predetermined trading conditions, traders are still required to give a few inputs to start trading. Unlike some bots that trade 24X7, Binrobot-Lady only performs when the user is logged into the platform. You can’t set it and forget it, which is actually a good thing, as it will help traders to keep an eye on the trades and intervene if the bot is struggling with consecutive losses.
Binrobot-Lady trading bots give the much-needed flexibility for traders, as they can be turned on or off according to traders’ convenience. Traders are also the final authority when it comes to trading, giving the program a semi-autonomous nature. However, once traders specify the trading conditions, Binrobot-Lady will take trades at will, and would not require any confirmations from the trader. Therefore, without supervision, the trading bot can rake up huge losses, particularly if the user fails to choose a winning combination.
The platform uses separate dashboards for automated trading and trading signals. If traders are not comfortable with an automatic program, the signals service provides almost the same trading calls, but trades will have to be entered manually. Trading signals also use the same parameters as the trading bots, but with a small difference on how signals are delivered to traders. Unfortunately, at this time, Binrobot-Lady does not provide an option to trade the markets through its dashboard manually, and all trading strategies can only be accomplished through the broker’s dedicated trading platform. As we had previously mentioned, BinRobot-Lady is only compatible with platforms and accounts offered by its recommended brokers. Even if you have an existing live trading account, you will still be asked to open a new account to use the Binrobot-Lady services.
Binrobot-Lady Mobile Access
Binrobot-Lady offers exclusive mobile access through the web trader interface, or through the dedicated mobile apps for iOS and Android. Binrobot-Lady bots offer an excellent layout for large screen devices such as tablets and 2-in-1 devices, but smartphone users can also take advantage of the platform for automated trading on their mobile devices. A noteworthy drawback of the mobile app is the approach by which traders can make use of signals for trading, as the reduced screen space can be difficult for traders to enter trades at the same time as specified by the program. Binary options trades are high-risk trades that have very limited trade durations, which makes it vital for traders to be quick in their trade entries and management.
Binrobot-Lady Assets & How To Trade
Binrobot-Lady does not make any assertions of providing an extensive list of trading assets, as the program only covers the Forex currency markets. The choice of tradable assets is rather insufficient, which should be a hindrance for traders that are looking to employ bots for trading the wide range of stocks, commodities, and indices markets. Regardless, Binrobot-Lady allows its users to select either one or multiple FX pairs, including pairs such as EUR/USD, USD/JPY, GBP/USD, EUR/JPY, USD/CHF, AUD/USD, USD/CAD, and EUR/GBP. These instruments are indeed the most traded currency pairs in the market and offer a great amount of liquidity throughout a trading week.
Automatic Binary Options Robot Trading
Binrobot-Lady allows users to change different trading parameters and choose a preferred trading algorithm, which should provide different win-rates and ROIs for different traders. Binrobot-Lady has provided an excellent tutorial on its website, but we will provide a short analysis of all the parameters of trading and settings that are available with the Binrobot-Lady trading bot.
Selecting The Asset & Expiry Times – Selecting the asset and its expiry time is the first step for trading using the Binrobot-Lady trading bot. As far as assets and expiry times are concerned, the program has very limited options, as traders can only choose from eight different currency pairs and expiry times ranging from 60 seconds to 5 minutes. We expected the program to offer higher expiry times, but short-term binary options trading seems to be the most preferred option for most binary options bots in the market.
The Amount Of Transaction – The amount of risk per trade is determined according to the choice of the broker. The minimum investment may vary, but the system offers an opportunity to start trading with a small amount of $1. The maximum investment amount is also limited as traders can only invest a maximum of $500 for a single position. Binrobot-Lady has purposefully minimised the maximum capital exposure per trade, so as to reduce the overall risk to the trader.
Maximum Number Of Simultaneous Trades – Traders must specify the maximum number of open positions that can be initiated by the bot at any single instance. The number of trades can be anywhere from one to eight, and it is up to the trader to choose the number of trades that they are most comfortable with for a particular period. However, be warned that the total capital exposure can reach around $4,000 by specifying the full $500 investment for eight positions, which can be a pretty sizeable drawdown in the case of eight consecutive losses. Hence, always consider your risk appetite before choosing the amount of transaction and the number of simultaneous positions.
Trading System – The trading system is defined as the money management strategy, which is similar to the options offered by other leading binary trading bots. There are three trading systems, the Classic, the Martingale, and the Fibonacci systems. The Classic system should be the safest option for most traders, as it involves trading in equal quantities, where the amount of transaction remains a constant throughout. The Martingale system is a pretty popular system in gambling and casinos, which instructs the bot to double the investment after every losing trade until the bot comes up with a winning trade. The Fibonacci system is the opposite of the Martingale system, where trade sizes are reduced by half after a loss and doubled after a win. Choose a trading system that best suits your trading personality.
Indicators – Indicators are the essence behind every binary options trading bots’ algorithms, but Binrobot-Lady allows traders to choose a preferred indicator for initiating trading positions in the binary options market. The automated program has six different indicators, namely, Trend, MACD, RSI, CCI, STOCH, and %R, and traders have the freedom to choose either a single indicator or a combination of different indicators for better accuracy. Of course, the profitability of trading and the win-rates can be significantly different for individual traders.
Signals Trading – Manual Entries
Manual trading through Binrobot-Lady trading signals can be achieved through the special signals that are provided within the Binrobot-Lady trader dashboard. These signals are offered as trade recommendations, and traders can either choose to act on these recommendations or decline to use them at all. Trading signals do provide a much better opportunity to control risks in the market, without suffering from the uncertainties involved in automated trading programs. Although the system offers signal through its platform, you must manually open trades through your brokerage account, and there isn’t any option of trading via the Binrobot-Lady platform at this stage.
Binrobot-Lady Automated Trading Performance
The program promises a maximum win-rate of 87%, which is slightly lower than the win-rates achieved by similar programs. Hence, it may result in a slightly lower ROI, but the high win-rate as promised does not sound realistic. The company does claim in its disclaimer that the performance of the bot may vary according to the choice of the asset, the time of expiry, the trading system, and the indicators. The overall range of customisable settings does present unique opportunities for traders, including varying levels of win-rates. You should consider a win-rate of 70% to be a reasonably competent trading performance, especially if you choose the right money management strategies.
Cost Of Binrobot-Lady Subscription
Binrobot-Lady is an affiliate program that earns commissions from brokers for every trader who signs up for a brokerage account through its platform. It is the main reason why Binrobot-Lady does not provide its services to existing binary options brokerage account holders, as the program will simply miss out on the commissions. Binrobot-Lady does not charge any additional fees for subscriptions from the traders directly, but the program receives a hefty paycheck from the broker for every subscription and according to the trade volumes.
It may be frustrating to the user to know that Binrobot-Lady will be compensated, regardless of its trading performance. Hence, traders should be cautious about investing in the markets with large position sizes, as they should concentrate on getting more revenue on their trades, rather than concentrating on outright win-percentage.
Binrobot-Lady Demo Accounts
Traders may not subscribe for an automatic trading robot unless they can verify the performance through an actual demo environment. Binrobot-Lady does provide a demo account, but the rates are derived from third-party providers and may not be entirely representative of the actual rates and trading conditions offered on the real platform. Binrobot-Lady demo platforms provide all the settings and customisation options that are available with a live account, but there may be differences between the performance achieved on a demo account and a real account. Nevertheless, the free demo account should be a great chance for traders to experiment with the bot, or for making use of the trading signals and try to analyse the performance of the system before investing real money.
Binrobot-Lady Customer Service
The program offers a dedicated customer service channel through its platform, and through the website, but there only seems to be a web contact form for regular users. The system has not committed itself towards providing other support channels such as live chat, phone numbers, or email addresses, which means that there may be delays in correspondence. Therefore, traders may be required to send multiple messages before they can receive a response from the company.
- Traders can enjoy free access to automated binary trading and trading signals.
- The robot provides a huge range of customisation options and trade settings.
- Automated trading is facilitated through an online interface.
- The company claims a high win-rate of 87%.
- Deposits and withdrawals can be made through the platform.
- Low amount of transaction per position.
- No option of trading through the platform for manual trading.
- Customer service channel is not up to the standards offered by other competitors.
- The system only supports eight FX currency pairs.
What Is The Winning Percentage Of Binrobot-Lady?
Binrobot-Lady has a win-rate of 87%, but the actual winning percentages should vary from trader to trader.
What Are The Minimum/Maximum Investments Per Position?
The system allows traders to start investing with $1, with a maximum trade size of $500.
Does Binrobot-Lady Provide A Demo Account?
Yes, Binrobot-Lady does provide a demo account.