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Best binary option bot - Pocket Option

Your capital is at risk.
Name Minimum deposit Type of Software

Pocket Option

$50

Copy trading

QUOTEX

$10

Copy trading

IQcent

$20

Copy trading

BinBot Pro

$250

Automated Trading Bot

Centobot

$250

Trading bot

This guide provides an insight to what binary options automated trading software and robots are, and lists the best auto trading software and bots in 2024. The article also explores advantages and disadvantages of using automated trading bots, types of binary options auto trading software, how bots work, how to use them and how to choose the best ones. The bots are programs following pre-set rules, making binary options trading much easier, and more effective by eliminating emotional and psychological factors from trading.

  • Is it safe to use binary options bots?

    Provided you conduct thorough research on bot providers and only use reputable bots, automated trading can be safe when combined with proper risk management.

  • Do bots guarantee profits?

    No. While bots aim to generate profits, trading involves risk and algorithms may not always make accurate predictions due to market volatility.

  • How much capital do I need to get started with bots?

    Minimum account funds vary by broker but it is generally recommended to have at least $100 at your account.

  • Are binary options bots easier than manual trading?

    In some ways yes, as bots automate routine tasks. However, traders still need market knowledge to customize bots properly. Manual trading also allows reacting to breaking news instantly.

Best Binary Options Auto Trading Software and Robots

Below you will find all the information.

What is a Binary Bot for Auto Trading?

Binary options auto trading is the process of using a specialized type of software that will make trades for traders without them needing to be involved. This sophisticated type of software makes algorithmic and signal-based decisions in order to make trades, in addition to using parameters set by the trader themself. Essentially, binary options auto trading bots work to perform your day trading tasks, trades, purchases, and sells based on your criteria, your trading strategy, signals, and algorithmic pattern predictions. There are many reasons why these bots are so useful, namely because they allow day traders to work while they sleep or are doing other tasks and duties. They also remove the human element from trading, which means that traders can avoid making emotional decisions that could result in losses.

Binary Options Auto Trading Pros

There are many reasons to use binary options auto trading, including:

  • They remove the human element of trading in which stressful emotions could lead to poor trading practices, resulting in losses. This can be a particularly serious issue for day traders.

  • They save a lot of time, especially for day traders. Bots can be used to trade while traders are asleep or doing other tasks outside of trading.

  • They’re very convenient and can be customized to suit your particular trading strategy, risk assessment, and parameters.

  • There are many inexpensive or free binary options bots on the market right now, including the bots we will mention in this list.

  • They are easy to integrate into most broker platforms.

  • Auto trading software for binary options is very fast, much faster than any human trader.

  • You have the freedom to choose your signal provider, the frequency of trades, and just about everything else that you would personally do and transfer those tasks to your bot.

Binary Options Auto Trading Cons

While auto trading can be lucrative, there are some downsides:

  • Some trading bots come from shady sources and can be dangerous.

  • While binary options auto trading software removes the emotional element of trading, it also removes the human element of skill, experience, and good decisions. This can be problematic, especially for experienced traders.

  • You’ll need to trust the signal provider quite a bit in order to use auto trading for binary options.

Main Types of Auto Trading Software

The main types of binary options auto trading software are paid and unpaid. Premium bots are often more effective, but there are plenty of free options (or premium options with free trials) that are quite useful.

Outside of free and premium bots, there are copy trading bots and signal bots. Copy trading binary options auto trading software is connected to the actions of another trader on an exchange platform. Essentially, this trader would be considered a top trader that makes top trading decisions. Your bot would mimic the trades and actions of this trader using automated actions. A signal bot, alternatively, is connected to a signal source. Signals are simply notifications that one can use to make trading decisions. Such signals are connected to a major trader (essentially copy trading), an algorithm, a company that provides signals based on news or events, etc.

How Binary Robot Works

A binary options bot is designed to make trades on your behalf, without any constant intervention from a person. Such bots use algorithms or copy trading to make smart decisions about binary options trades in real-time based on algorithmic patterns, news events, successful trader practices, etc. When you download a binary options bot, you can integrate that bot with your broker or exchange account and program it to make trades for you based on parameters you set. Such parameters could include when to fold or buy, minimum losses and profits, your chosen strategies, etc.

10 Best Binary Bots Comparison

There are many inexpensive and premium binary options auto trading software available for traders to use in 2024. However, not every bot is equally useful, safe, lucrative, or profitable. We compiled a list of our top picks for the best binary options auto trading software based on a number of criteria, such as brokers available for integration, type of software, and overall pricing model.

Name Best pass for Type of Software Pricing model

Pocket Option

Pocket Option

Copy trading

Free

QUOTEX

Quotex

Copy trading

Free

IQcent

IQcent

Copy trading

Free

BinBot Pro Robot

Multiple platforms

Trading bot

Paid

Centobot

IQcent, Videforex, Binarycent, Raceoption

Trading bot

Partly free

Binomo

Binomo

Trading bot

Free

VideForex

VideForex

Copy trading

Free

BinaryCent

BinaryCent

Trading bot

Free

Raceoption

Raceoption

Copy trading

Free

Binary.Com (Deriv)

Deriv

Copy trading

Free

Do binary trading bots work?

Binary Options AutoTraders and Robots Reviews

Pocket Option copy trading

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Pocket Option is a global binary options broker with a sleek proprietary trading platform and a competitive range of assets. The minimum investment required to start trading on the Pocket Option platform is just $50, making it an ideal choice for traders who are just starting out.

Pocket Option offers one of the largest copy trading platforms among binary options brokers. A trader can subscribe to a signal provider, and all trades will be automatically executed on their behalf. This automated element takes signal services a step further and actually places the trades as well – rather than leaving that to the trader.

The Pocket Option robot is also available, which enables automatic trading of assets such as stocks, Forex, and cryptos without requiring any manual intervention from the user. Traders can use several trading platforms on Pocket Option, including MT4, MT5, and an app on Windows, iOS, or Android devices.

👍 Pros:

Easy-to-use interface

Low minimum investment of $50

Variety of assets to trade

Available on multiple platforms

👎 Cons:

Non-regulated broker

Limited customer support options

Quotex

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Your capital is at risk.

Quotex is a reliable binary options broker with a user-friendly trading platform and a diverse range of tradable assets. With a minimum investment requirement of $10, Quotex caters to both beginner and experienced traders.

One standout feature of Quotex is its advanced charting tools and indicators, which provide valuable insights for making informed trading decisions. Quotex also offers a comprehensive copy trading service, allowing users to subscribe to signal providers and automatically replicate their trades. This feature is beneficial for those who prefer a hands-off approach to trading or wish to learn from successful traders.

Quotex's binary auto-trading feature boasts a user-friendly interface that caters to both novice and seasoned traders. The platform's intuitive design ensures that even those new to automated trading can easily navigate and utilize its features effectively.

Additionally, Quotex provides a responsive and dedicated customer support team that is available 24/7. Whether you have inquiries about the platform, need assistance with technical issues, or require general trading guidance, the support team is prompt and knowledgeable.

While Quotex is a non-regulated broker, it takes security seriously by implementing robust encryption protocols and following industry best practices to safeguard user funds and personal information. However, it is important to note that trading with a non-regulated broker carries inherent risks.

👍 Pros:

An intuitive and easy-to-use trading platform.

A wide selection of tradable assets, including stocks, currencies, commodities, and cryptocurrencies.

Advanced charting tools

A comprehensive copy trading service

Responsive customer support

👎 Cons:

The broker is non-regulated

Limited customer support options

The platform does not offer MT4 or MT5 platforms

IQcent – Review

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Your capital is at risk.

Each client of the company can become an investor, that is, receive additional profit without actively trading himself. To connect to the copy trading platform:

  • Open one of the trading accounts, go through verification and make a minimum deposit.

  • In the trading terminal, click Copy Trading.

  • Choose a trader from the 10 best signal providers.

  • Indicate the amount from $20 to $1,000 that the subscriber is willing to invest.

  • Click Follow.

After that, the trades made by the trader will be automatically copied to the account of the connected investor. Each subscriber can simultaneously track and mirror trades from 1 to 10 signal providers. To stop using the function of copying trades, click the Stop button next to the name of the selected trader.

BinBot Pro Robot

BinBot Pro is designed to trade binary options on behalf of its users. It offers a customizable trading platform with multiple robots that can be used to execute and route trades. The minimum investment required is $250, and the robot is regulated by the Financial Commission. It supports trading on multiple platforms and offers the choice to build your own bot or choose from the pre-built list.

👍 Pros:

Easy-to-use interface

Multiple robots available for customization

Wide range of cryptos

No account fees

Multiple trading assets

Major fiat currencies

👎 Cons:

Past performance on robots is not available

The demo account lasts 60 seconds

No mobile app

Top 5 Free Binary Options Demo Accounts

Centobot

Open an account
Your capital is at risk.

Centobot is the developer of a collection of ready-made bots (or robots) for algorithmic trading. Its robots, called “centobots” are eponymously named in honor of their creator. Bots are designed for trading with fiat currencies and cryptocurrencies on the trading platforms of four binary options brokers: IQcent, Videforex, Binarycent, and RaceOption. To begin trading with fully configured bots, the user must deposit at least $250 into his trading account, but the use of the robots is completely free. If the trader does not find a suitable option among the standard bots, he can create a bot in his Centobot user account that will make trades using customized algorithms.

Binomo bot

Binomo Bot is a powerful binary bot for trading, created exclusively for the Binomo platform. It has a number of features that can improve trading techniques and increase profits. The bot analyzes market movements, identifies prospective trading opportunities, and executes trades automatically using complex algorithms.

Its user-friendly interface is a masterpiece in the world of design. Traders can quickly set their trading parameters, such as risk levels and investment quantities.

How To Connect To The Binomo Binary Bot

Connecting to the Binomo Bot platform is a straightforward procedure. To link their account to the bot, users must first register an account on the Binomo platform, then click on the bot section and follow the instructions.

VideForex – Review

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Your capital is at risk.

VideForex’s copy trading service allows traders to earn income even if they have no trading experience or don't want to spend time trading. The service is suitable for novice traders and professionals because the main purpose of the copy service is to provide the user with income without his having to intervene in the trading process. For example:

  • First and foremost, the trader needs to open a real account, make a deposit and then select the "copy trades" function in the trading platform.

  • The trader himself chooses whose trades to copy. In this way, he can control the income and, if necessary, refuse to copy transactions of a specialist, if the results seem unsatisfactory to the user.

  • For copying trades, the user pays a commission to a professional trader.

  • No trading experience is needed to use the copy service. All actions with assets are performed by a professional, the copy service just allows you to copy the expert’s trades to your account and thus make a profit without taking part in trading.

The service of copying trades can be used by all traders, regardless of what type of account they have opened and whether they have any experience in trading in the market.

BinaryCent bot

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Your capital is at risk.

The BinaryCent Bot is developed with user-friendliness in mind, featuring an easy interface that streamlines the trading process for traders of all experience levels. Furthermore, traders have access to a diverse range of assets, such as currencies, commodities, and indices, providing greater options for diversification.

The bot also has important risk control features, such as the ability to establish limitations on transaction sizes and loss thresholds, boosting users' risk management capabilities. The bot provides real-time indications and market research to help traders make informed decisions, perhaps leading to more lucrative deals.

How To Connect To The Binary Cent Bot

It is simple to connect to the BinaryCent Bot platform. Users must first register an account on the BinaryCent platform, then navigate to the bot area and follow the instructions to integrate their account with the bot.

Raceoption – Review

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Your capital is at risk.

This service is intended for those users who want to make a profit, but not participate in the trading process. Any Raceoption client can use the service. The essence of the service is that it will automatically copy the transactions of a professional trader and thus the trader will more likely receive a financial profit.

  • To get started, a trader needs to open a real trading account with the company, and then click on the “Copy trading” button on the trading platform.

  • Users of the copying service can independently choose which trader’s transactions to repeat.

  • With the help of the service of copying transactions, novice traders can learn how to trade various assets by observing the work of a professional.

  • If necessary, the client can change traders at any time.

The profitability of the trade copying service to the trader depends on the skills of the managing trader, whose trading style and trading strategy should meet the trader’s requirements. It is also necessary to periodically monitor the profitability or loss-making of a professional’s trading strategy to choose better options.

Deriv (Binary.Com) copy trading

Open an account
Your capital is at risk.
62% of retail investor accounts lose money when trading CFDs with this provider.

Binary.com is a popular international online trading platform for binary options on Forex, stock indices, commodities, and more. The broker is regulated by the VFSA, FSC, and FSA. The broker offers mobile trading, which allows traders to trade on the go and features over 100 different assets. This makes it an ideal choice for those who want to diversify their portfolio or take advantage of multiple markets at once.

Binary.com is among the few options brokers that allow auto trading on their BinaryBot platform. They provide a tutorial video for beginners, and you can upload your own instructions and blocks.

👍 Pros:

Low minimum deposit requirement

Import strategies

A tutorial that makes it easy to learn

24/7 trading

Free BinaryBot mobile app

Free to use

Multiple trading platforms available, including MT5

Mobile app for trading on the go

Over 100 different assets

👎 Cons:

No 24/7 support

Could have more assets

Limited indicators

Can't define odd/even robots

Step-By-Step on How to Use Binary Bots

Clarification: Automatic trading refers to executing trades without the trader's direct involvement. Two tools enable this: robots and copy trading.

How to employ robots in binary options:

Find a broker offering robot integration, pre-built robots, or a robot constructor;

Register and create a demo account. Activate pre-configured robots if available, comparing their performance across various assets;

Experiment with settings, timeframes, and assets. Investing time in optimizing the robot pays off through automated trading.

How to use signals in binary options:

Register with a binary options broker providing copy trading;

Review trader ratings whose signals you intend to copy, considering their statistical trading data;

Configure your risk settings and link to the trader's account, automatically replicating their trades.

Both methods minimize your direct involvement in trading.

How to Choose Auto Trading Software?

In general, you should choose the type of software that has the best reputation, is fully customizable, and comes from a reputable provider. It’s also worth noting that no matter which type of binary options auto trading software you choose, that bot will not be a replacement for good trading practices. Binary options are very risky and volatile instruments to trade with. Before you begin trading, even if you are using a bot, you will need to learn how binary options work, how the market operates, etc. Going into binary options without a clue is a surefire way to experience incredible losses. Any experienced and successful binary options trader will tell you that you need to constantly study your asset of choice and the movement of the market, as well as news stories about your asset. This is a never-ending process – and a bot can’t eliminate it.

Best Binary Options Signals

There are many different types of binary options signals, and many binary options auto trading software is based on binary options signals. A few popular choices in 2024 include BinBotPro, OptionRobot, AutomatedBinary, Nadax, and a whole host of popular binary options traders on social media. Signals can be used to get real-time alerts about your chosen asset in binary options trading, and these signals are often based on algorithms, predicted patterns, expert trader advice, etc. However, it’s worth noting that even if you use binary options auto trading software and binary options signals, there is still incredible risk involved with trading binary options. In general, it is much more reasonable for beginner binary options traders to consider this trading instrument and market as a potential source of additional income, rather than a “get rich quick” scheme. Before you start trading binary options, you will need to ask yourself a question – Do you understand how binary options work? Do you have the time, energy, and risk tolerance to get involved?

Advantages and Disadvantages of Using Binary Options Robots

Like any trading tool, binary options robots have their own set of advantages and disadvantages.

Advantages

Increased Efficiency

One of the key advantages of using a binary options robot is the enhanced efficiency it offers. These robots are designed to execute trades automatically based on predefined trading parameters. By eliminating the need for manual analysis and execution, binary bots can save traders a significant amount of time and effort.

Emotional Bias Elimination

Emotions can often cloud a trader's judgment, leading to impulsive and irrational decisions. Binary options robots operate based on predetermined algorithms and trading strategies, devoid of emotional influence. This can help eliminate emotional bias from trading decisions and ensure a more disciplined approach.

24/7 Trading

Unlike human traders who need to sleep, eat, or take breaks, binary options robots can operate 24/7. They can monitor the market, analyse price movements, and execute trades even when the trader is not actively present. This allows traders to take advantage of trading opportunities that may arise outside regular trading hours.

Backtesting and Optimization

The best binary bot will usually offer backtesting and optimisation features. Traders can test the robot's performance using historical data to assess its effectiveness before deploying it in live trading. Additionally, optimisation tools allow traders to fine-tune the robot's parameters to maximise its performance based on past data.

Diversification

Binary options robots can be programmed to trade across multiple assets and markets simultaneously. This enables traders to diversify their trading portfolio and reduce the risk associated with concentrating all their investments in a single market or asset. Diversification is a fundamental principle in risk management and can help protect traders from potential losses.

Disadvantages

Dependence on Bot Quality

The performance of a binary options robot heavily relies on its quality. Not all robots are created equal, and some may lack the sophistication and accuracy required for consistent profitability. It is essential to thoroughly research and choose a reputable and well-established robot with a proven track record.

Trading Strategy Limitations

Binary options robots operate based on specific trading strategies. While some strategies may be profitable under certain market conditions, they may fail to perform well in others. Traders should consider the adaptability of the robot's strategy to different market environments to ensure consistent performance.

Risk of Technical Glitches

Binary options robots are software-based tools, and like any software, they are susceptible to technical glitches or malfunctions. A malfunctioning robot can result in erroneous trades or missed opportunities. Traders should regularly monitor their robots and ensure they are functioning correctly to avoid potential losses during binary bot trading.

Are Binary Options Robots Legit?

A good number of binary options brokers are legitimate businesses that offer reliable and regulated trading platforms. These brokers provide access to reputable binary options robots that adhere to industry standards and regulations. However, it is important to exercise caution and conduct proper due diligence when selecting a robot. Verify the broker's credentials, check user reviews, and ensure that the robot you choose is endorsed by reputable traders or organizations.

Will a Robot Make You a Better Trader?

Binary options robots have the potential to improve a trader's performance, but their effectiveness can vary depending on several factors. The quality of the binary robot itself plays a significant role. A well-designed and thoroughly tested robot with a proven track record is more likely to enhance a trader's profitability. Additionally, the trading strategy employed by the robot and the prevailing market conditions can impact its performance. It is crucial to choose a binary trading bot that aligns with your trading goals, adaptability to market changes, and risk tolerance.

Can binary bots be profitable?

Yes, algorithmic trading can yield profits, but inherent risks remain. A binary bot is software executing trades based on a predetermined algorithm. Thus, the bot's profitability hinges on the trader's choice of optimal settings, assets, timeframes, and timing for activation.

Summary

Both binary options auto-trading bots and copy trading services can be useful tools to help traders profit from market movements. However, it's important to do thorough research before committing real money.

When using a bot, take time to backtest strategies and analyze long-term performance. Look for ones with customizable risk settings and a track record of independent reviews. Remember, bots don't remove risk - they still follow predefined algorithms that may not work in all conditions.

Copy trading lets you leverage top traders' skills without developing your own. But make sure to verify strategy details and properly vet traders by their historical returns. Financial markets can quickly change, so don't blindly attach your funds without ongoing monitoring.

No auto-trading system can substitute learning the underlying assets, staying up-to-date with news, and developing your trading instincts. Whether relying on bots or signals, keep educating yourself and maintaining responsible money management. With the right precautions and expectations, these tools can potentially boost returns for traders willing to put in the continuing effort.

Expert Opinion

Binary options are trading instruments with an elevated level of risk. Beginners should always remember that in each trade, you can lose the entire trade, so follow the well-known rule and never invest more than you can afford to lose. The chances of success in binary options significantly increase if you spend time analyzing the market and developing an effective trading strategy. If there's no time for this, copy trading and trading bots can be an alternative solution, allowing you to copy trades of more experienced participants or follow signals from a bot. This can increase the chances of success, but, like in any form of trading, does not guarantee it.

Andrey Mastykin

Andrey Mastykin

Author, Financial Expert at Traders Union

Team that worked on the article

Mikhail Vnuchkov
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Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

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Dr. BJ Johnson
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Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

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Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.