20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
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0,5%
Top 100
0,2%
Top 100+
0,05%
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BinBot Pro Review 2024
Minimum
deposit:
deposit:
- $250
Trading platform:
- Binarycent
- IQcent
- RaceOption
- Videforex
Minimum
deposit:
deposit:
- $250
Trading platform:
- Binarycent
- IQcent
- RaceOption
- Videforex
Trading features:
- Trading terms depend on the broker chosen to open an account
Summary of BinBot Pro Trading Company
BinBot Pro is a moderate-risk broker with the TU Overall Score of 5.38 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BinBot Pro clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. BinBot Pro ranks 14 among 21 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
BinBot Pro offers free bots for algorithmic binary options trading that are compatible with the platforms of certain brokers. Each of the bots is tailored to one asset class (fiat currency, cryptocurrency, stocks, etc.) and works based on the most popular technical analysis indicators.
BinBot Pro is a common designation for ready-made bots intended for binary options trading. They are provided by four brokers: IQcent, Binarycent, Videforex, and RaceOption. A trader selects a broker, opens a trading account, and then connects any of the available robots after making a minimum deposit. BinBot Pro bots do not require any programming knowledge or a thorough understanding of market analysis. Bots are designed for algorithmic trading, that is, for offline trading, without human participation. There are robots for various assets, including currency pairs, cryptocurrencies, stocks, and CFDs.
| 💰 Account currency: | USD, EUR, GBP, BTC, LTC |
|---|---|
| 🚀 Minimum deposit: | $250 |
| 🔧 Instruments: | Binary options (currency pairs, CFDs, cryptocurrencies, and stocks) |
👍 Advantages of trading with BinBot Pro:
- easy opening of the user account without the need to pass identity verification on the BinBot Pro website;
- a wide range of ready-made bots for algorithmic trading;
- the ability to create personal robots customized for certain assets and periods;
- BinBot Pro does not charge fees and allows the use of bots for free.
- wide choice of payment systems for depositing and withdrawing funds.
👎 Disadvantages of BinBot Pro:
- to start using ready-made robots, a client must deposit at least $250.
- brokers that allow algotrading do not have licenses and are not regulated by financial control authorities;
- The BinBot Pro website doesn’t provide good educational materials on binary options trading.
Evaluation of the most influential parameters of BinBot Pro
Geographic Distribution of BinBot Pro Traders
Popularity in
23.6%
US
12.3%
ID
6.7%
GB
6.6%
IN
5.4%
ZA
3.1%
AU
3%
TR
28.3%
Others
User Satisfaction i
3 comments
Total score:
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Expert Review of BinBot Pro
BinBot Pro is a platform with free trading bots intended for different assets and strategies. The developer’s website does not state when it was founded. However, BinBot Pro was named the best robot for binary options trading in 2016, indicating that traders have been using this company’s bots for more than five years. To unlock the robot, users must first open an account with one of the partner brokers – Binarycent, Videforex, RaceOption, or IQcent – and make a minimum deposit. Algorithmic trading can then be combined with independent or social trading.
A trader can choose a ready-made robot from a special rating. It includes the top 10 bots by profit level. By selecting “Robot Demo,” the user can evaluate the performance of one of the top ten robots. The rating is updated in real-time, and the higher the profitability of the trading program, the higher its position in the general list.
There is also a “Create my robot” option. It offers six indicators to choose from: RSI, MACD, ADX, AROON, STOCHASTIC, and Commodity Channel Index (CCI). Supported time intervals are 5, 15, and 30 minutes. By clicking the “Public” button, the created robot can be made available to other traders.
Best Forex broker based on expert and trader reviews
Dynamics of BinBot Pro’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
BinBot Pro is designed specifically for traders who prefer algorithmic trading using ready-made bots. Their connection enables clients to earn passively without having to place trades and close orders independently.
Algorithmic trading via BinBot Pro trading bots
To work with ready-made BinBot Pro robots, clients do not need programming knowledge or experience in analyzing markets. The trader chooses a bot, and after making a deposit, he starts trading offline. The profile of each robot shows the minimum investment needed to activate it and the amount of potential profit. Also, the profile contains information on the strategy and indicators used to configure the bot.
Top 3 best BinBot Pro bots:
Crypto ADX 2.0. This is a bot for trading cryptocurrencies. It works based on the ADX technical indicator, with automatic detection of RSI and STOCH levels. The minimum deposit to start trading with the bot is $3,000. The profit in case of a successful forecast is 308% of the bet amount.
RSIMA Cross. (The tool is composed of two indicators: the Relative Strength Index (RSI) and the Exponential Moving Average (EMA) indicator). This trading strategy compares the RSI with the moving average crossover indicator. It is intended for trades with shares and can potentially bring 304% income of the position size. The bot buys a stock and then holds it until it receives an opposite signal from one of the two indicators, or divergence, on the chart. The minimum investment amount is $1,000.
xProfit. The robot opens and closes trades every time the CCI or SRSI indicators give it a signal in the opposite direction. xProfit is suitable for trading fiat currencies and cryptocurrencies. If the bot’s price forecast turns out to be correct, then the investor receives a profit of 246% of the bet amount. To unlock the robot, the client needs to deposit at least $1,000 to his trading account.
All traders who use BinBot Pro are also able to copy trades. All four partner brokers offer social trading on their platforms.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
BinBot Pro referral program
BinBot Pro does not have its own referral program, as it is not a brokerage company but a developer of trading algorithms. However, to use bots, traders must open an account with one of the four binary options brokers in any case. They all offer a referral program through which their clients can earn referral rewards for connecting with other traders. The referrer (the one who connected the new user) receives 20% of the amount of the first deposit of each referral. This percentage is the same for all four brokers.
Trading Conditions for BinBot Pro Users
The minimum deposit amount for BinBot Pro users is $250. However, some robots can be unlocked after depositing a larger amount — from $1,000 to $3,000 or more. The scheme works as follows: the higher the robot’s rating, the higher the minimum deposit amount. The available leverage varies depending on the broker: IQcent and Binarycent offer leverage up to 1:100, while Videforex and RaceOption offer leverage up to 1:500. Other trading terms, such as the asset range, the minimum trade volume, and the order execution model, differ depending on the broker servicing the account.
$250
Minimum
deposit
1:500
Leverage
24/7
Support
| 💻 Trading platform: | Web platforms and mobile applications offered by the IQcent, Videforex, Binarycent, and RaceOption brokers |
|---|---|
| 📊 Account types: | Demo, real (Bronze, Silver, Gold) |
| 💰 Account currency: | USD, EUR, GBP, BTC, LTC |
| 💵 Replenishment / Withdrawal: | Visa and MasterCard bank cards, cryptocurrencies, electronic payment systems Skrill, Neteller, Perfect Money, etc., bank transfers |
| 🚀 Minimum deposit: | $250 |
| 📈️ Min Order: | $0.1 (Binarycent), $1 (Videforex, RaceOption, IQcent) |
| 🔧 Instruments: | Binary options (currency pairs, CFDs, cryptocurrencies, and stocks) |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| ⭐ Trading features: | Trading terms depend on the broker chosen to open an account |
| 🎁 Contests and bonuses: | No |
Comparison of BinBot Pro with other Brokers
| BinBot Pro | Pocket Option | Binarium | Binary.com | QUOTEX | Raceoption | |
| Trading platform |
RaceOption, Videforex, IQcent, Binarycent | MT5, Web, Mobile | Binarium | WebTrader, Mobile | Mobile MT4, Web platform, Browser platform | Raceoption (Mobile), WebTrader |
| Min deposit | $250 | $5 | $5 | $5 | $10 | $10 |
| Trading instruments |
Binary options (fiat currencies and cryptocurrencies) | currency | indexes, Currencies, Cryptocurrencies | indexes, Forex, goods, stock, random index | currency pairs / CFD, indices, Cryptocurrencies, Commodities | Stocks, Commodities, Crypto, Options, currency pairs / CFD, Currencies |
| Signals | No | No | No | No | No | Yes |
| Analytical support |
No | No | No | Yes | No | Yes |
| Training | No | No | No | Yes | No | Yes |
| Additional tools |
No | Copy Trading tool | No | premature closing | No | Copy Trading tool |
Broker comparison table of trading instruments
| BinBot Pro | Pocket Option | Binarium | Binary.com | QUOTEX | Raceoption | |
| Forex | No | Yes | Yes | Yes | Yes | Yes |
| Metalls | No | No | No | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes | No | Yes | Yes |
| CFD | Yes | No | No | Yes | Yes | Yes |
| Indexes | No | Yes | Yes | No | Yes | Yes |
| Stock | Yes | No | Yes | No | No | Yes |
| ETF | No | No | No | No | No | No |
| Options | Yes | Yes | Yes | Yes | Yes | Yes |
BinBot Pro Commissions & Fees
Information
BinBot Pro is a free robot. The trader does not pay for its use. Trading is done in the format of binary options through brokers. They do not charge a fee for trades with this instrument, but they do profit if the trader makes a mistake with the price forecast; in this case, the entire bet amount goes to the broker.
| Account type | Spread (minimum value) | Withdrawal commission |
| Real | From $1 | Depends on the payment system and the policy of the service broker |
Traders using BinBot Pro bots pay fees for transferring a position to the next trading day. It is 0.07% of the amount of the current position.
Traders Union analysts also examined the trading fees of BinBot Pro and its competitors. As a result of the comparison, each broker was assigned a fee level — high, medium, or low.
| Broker | Average commission | Level |
| BinBot Pro | $1 | Low |
| Raceoption | $10 | High |
| IQcent | $7 | Medium |
Detailed Review of BinBot Pro
BinBot Pro offers ready-made solutions for algorithmic trading with classic put/call options. The number of bots available is constantly growing, and the list of the top 10 best robots is regularly updated and contains the offers with the highest profit. BinBot Pro is suitable not only for beginners in binary options trading but also for experienced traders who want to develop bots themselves for different strategies and trading tools.
BinBot Pro by the numbers:
-
the minimum bet amount is $0.1;
-
the maximum payout amount is 308%;
-
4 service brokers to choose from;
-
3 types of real trading accounts.
BinBot Pro offers trading bots for beginners and experienced algotraders
BinBot Pro’s ready-made robots are designed for binary options trading and earning more than 300% of the initial investment. Also, traders who have connected BinBot Pro bots can simultaneously trade through the selected broker. However, in this case, the maximum payout percentage is 90% of the bet amount. Furthermore, the client can copy the trades of other traders or become a provider of trading signals. The range of trading assets, the available leverage level, and payment terms depend on the broker.
BinBot Pro bots are connected to trading platforms provided by partner brokers. They all provide their own mobile applications and web trading platforms with similar functionality.
Useful BinBot Pro services:
-
Robot demo option. This option is available in the user account. The user can track the operation of a certain bot for one minute. He can see the trading instrument, transaction amount, action (purchase or sale), and trade time. A graph showing the profitability of the robot is also displayed on the screen.
-
Free analytics. After launching the robot, the client will have access to fundamental data, economic news, trading ideas, and expert recommendations.
-
Economic calendar. It contains macroeconomic data on the largest world companies. The calendar will be useful for traders who use fundamental analysis.
Advantages:
1
connection of ready-made bots is simple;
2
a wide range of robots tailored for different instruments and strategies;
3
the possibility of trading with leverage;
4
the minimum investment amount is only $0.1;
5
there are payment systems that do not charge fees for depositing and withdrawing funds.
6
the connected bot not only conducts technical analyses but also puts/closes positions.
How to Start Making Profits — Guide for Traders
To use one or more BinBot Pro robots, you need to register with an IQcent, Binarycent, Videforex, or RaceOption broker and then open a real account. All of the companies listed above offer a similar range of accounts, but their terms vary.
Account types:
Account Type
Description
Bronze
account for beginners. Allows clients to start trading with $250.
Silver
account for experienced traders. The minimum deposit amount varies and, depending on the service broker, amounts to $500-1,000.
Gold
account for professionals. Requires depositing $1,000-3,000 to the account balance.
All four brokers provide demo, but access to them requires opening a real account and depositing at least $250.
BinBot Pro is a platform providing trading bots compatible with the trading platforms of four binary options brokers. The use of algorithms configured in a certain way allows a trader to receive passive income on trades with derivatives (derivative financial instruments) without holding physical assets.
Investment Education Online
Information
Binary options trading education is provided on the BinBot Pro website in the form of a 4-minute video tutorial. More information is available from the broker where the user has a trading account.
Information provided in the “Watch users experience” section
Information not available on the BinBot Pro website
The principle of working with call/put options
Guide on how to analyze markets correctly
Instructions for connecting ready-made bots
Descriptions of the risks of binary options trading
How to open an account with a partner broker
Review of technical analysis indicators
Risk management rules
The BinBot Pro website is dedicated to the description of this company’s ready-made bots and contains very few educational materials on binary options trading.
Security (Protection for Investors)
Information
The BinBot Pro website states that this developer of trading bots does not have a license. It is also noted that the company is not a certified investment advisor.
Videforex, Binarycent, RaceOption, and IQcent brokers are not licensed and are not supervised by regulators. This means that the trader determines whether it is appropriate to trade options through these companies or use the proposed programs for trading options on his own.
👍 Advantages
- Using trading bots does not require identity verification.
- Opening a trading account is simple and fast
👎 Disadvantages
- Traders’ deposits are not protected
- The client cannot involve a third party to resolve financial disputes
- The activity of brokers is not monitored by regulatory bodies
Withdrawal Options and Fees
-
The withdrawal of funds is handled not by BinBot Pro, but by the broker with whom the trader opened a trading account. For this reason, withdrawal terms may vary depending on the payment policy of a particular brokerage firm. The minimum withdrawal amount for Binarycent and RaceOption, for example, is $50, while for IQcent it is $20.
-
The general withdrawal terms of all four brokers are the absence of fees on their part (payment system fees are possible!) and the requirement of personal data verification.
-
The available withdrawal methods include bank cards, as well as electronic and cryptocurrency wallets. Bank transfers are offered by IQcent and Binarycent, but this withdrawal method is not available in all countries.
Customer Support Service
Information
The BinBot Pro client support is available 24/7.
👍 Advantages
- Online chat
- Quick response at any time of the day
👎 Disadvantages
- No option to contact by phone
- Few specifics in the answers
Channels of communication with BinBot Pro specialists:
-
online chat on the website;
-
email.
The chat operators on the website provide only general answers about BinBot Pro bots. If a trader has a question about the terms of trade, execution of orders, or deposit/withdrawal of funds, then he needs to contact the client support of his broker.
Contacts
| Foundation date | 2017 |
| Official site | https://binbotpro.com/ |
| Contacts |
Email:
support@binbotpro.com,
|
Review of the Personal Cabinet of BinBot Pro
The user account on the BinBot Pro website is used to connect a ready-made robot or create a customized bot for personal needs. To start using BinBot Pro trading applications, you need to perform the following steps:
1
Go to the official website of the bot provider and click the “Registration” button on the main page. Following that, a form will appear in which you should enter your first and last names, phone number, and email address. Also, choose the broker through which you will trade and the currency of the account. Come up with a strong password to protect your personal cabinet from unauthorized entry.
2
After that, log in to your BinBot Pro user account using your login (email address) and password. Make a deposit, place orders, and manage rades through your user account on your broker’s website.
3
BinBot Pro user account functions:
1. Selecting and unlocking a ready-made robot:
2. Creating a customized robot:
1. Selecting and unlocking a ready-made robot:
2. Creating a customized robot:
Other user account features:
-
trading history — the time of purchase and sale of assets, the name of the robots used, and the results of trades;
-
fundamental and technical analyses;
-
financial markets news;
-
expert’s comments;
-
chart patterns;
-
economic calendar.
Disclaimer:
Your capital is at risk. CFDs are considered complex derivatives and may not be suitable for retail clients. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The products mentioned here may be affected by changes in currency exchange rates. If you invest in these products, you may lose some or all of your investment, and the value of your investment may fluctuate. You should never invest money that you cannot afford to lose and never trade with borrowed money.
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FAQs
Do reviews by traders influence the BinBot Pro rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BinBot Pro you need to go to the broker's profile.
How to leave a review about BinBot Pro on the Traders Union website?
To leave a review about BinBot Pro, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about BinBot Pro on a non-Traders Union client?
Anyone can leave feedback about BinBot Pro on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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62% of retail investor accounts lose money when trading CFDs with this provider.
62% of retail investor accounts lose money when trading CFDs with this provider.