OptionRobot.com is a trading robot which was re-launched on March 16, 2016. It’s actually not a new system. It was created 2 years ago which makes me wonder how come I’ve never heard of it before. At first, I thought I’d ignore it, but when I started receiving dozens of requests to review it from my subscribers, I decided to write a quick review in order to share the information I have about this software with you. As you shall soon see, the Option Robot is a unique software, not at all similar to the scams I usually review. So can you really attain to an 83% winning rate or is OptionRobot.com a SCAM? I wouldn’t recommend signing up before reading my objective review!
OptionRobot.com detailed review
OptionRobot.com offers a free trading software which works on 100% autopilot or semi-automatically. Although it’s free to use Option Robot, you will be required to sign up with one of the recommended brokers in order to do so and to fund your account with a minimum of $250. The brokers that are available with OptionRobot.com are Banc De Binary (EU-regulated), StockPair (EU-regulated), BMB Option, OptionWeb (EU-regulated), OptionRally (EU-regulated), Cherry Trade, GOptions and Options XO (EU-regulated). They advertise an average winning rate of 83% and they offer a free $1,000 demo account for those who would like to test the signals before investing real money. Since OptionRobot.com is Internet-based, you won’t be required to download anything and will be able to use the app using any type of computer or mobile device.
Available expiries with Option Robot include 60 seconds, 90 seconds, 2 minutes, 3 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes and 60 minutes. Although not every expiry is available with every broker. With StockPair you can use all expiries, except for 90 seconds, 2 and 3 minutes. With the other brokers only the short-term expiries are available. In terms of trade amount, with StockPair the minimum trade amount is $20. With the other brokers, you can invest as low as $5 per trade. The robot works with the following currencies: EUR/USD, EUR/JPY, GBP/USD, USD/JPY, AUD/USD, USD/CHF, EUR/GBP, USD/CAD and with these indicators: Trend, MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), Stochastic Oscillator, Williams & CCI (Commodity Channel Index). If you have no idea what all of this means, then OptionRobot might not be the best choice for you, as I explain in this review summary. Or you can start learning about technical analysis if you’re interested.
The software utilizes different strategies and technical indicators in order to generate signals. The people who are behind Option Robot claim that the best strategy and its settings depend on your balance. If you deposited between $250 to $1,000, then they recommend using the classic method with an expiry of 5 or 30 minutes. Trade amount should be $20 with only 1 trade at a time using either the RSI or the MACD indicators. When your balance becomes higher than $1,000, you can start using the Fibonacci method with the same expiry and also increase your trade amount to $25-$50 and take 2-5 simultaneous trades. If you reach a balance of more than $5,000, they recommend using the Martingale method and increasing your trade amount up to $500 per trade. At this stage, you can also take 3-8 simultaneous traders.
Support is available via email (email@example.com).
Is OptionRobot a scam?
If Option Robot is a legit binary options software and not a scam, then how come it is offered for free? No explanation is provided, which means that the creators of OptionRobot.com are paid solely by the brokers they work with.
Here’s some more information that I found that might help you reach a decision regarding the OptionRobot.com software:
- The domain OptionRobot.com was created on March 14, 2014, 2 years ago. They are very popular on social networks, especially on Facebook and Google+. They are also quite popular in general with an Alexa global rank of 785,268, especially in Belgium, where it is ranked 10,352 with 17.7% of the visitors coming from there.
- The website is not blacklisted by Google SafeBrowsing, ThreatLog or MalwareDomainList, which means it is safe to visit and is not used to distribute malware or Trojans.
Testimonials from real traders
Please let me know if you have any experience with the OptionRobot software and I’ll include your testimonial in this review.
To sum up this review
I have neither tried OptionRobot.com, nor did I get any testimonials from traders who tried it. Nevertheless, I don’t recommend using Option Robot.