Are Free Binary Options Robots Safe?free_robotThe field of binary options trading is touching new heights every day. This has become possible due to the continuous innovation in the process of trading and implementation of ever evolving processes in this field.

The popularity of this field is drawing new traders every day because of the potential high returns in little time. The latest innovation in this field is binary options trading by robots and many, or rather most brokers are offering these services in the form of free binary robots which makes it all the more attractive.

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What are Free Binary Robots?

A binary robot is nothing but a software which allows trading of binary options online automatically. A trader is required to put in almost no input except chose the asset they want to trade in and the time of expiry.

The free binary robots take the responsibility of analyzing the markets and decide the direction of market movement and accordingly place trades on the asset chosen by you.

The bots as these robots are popularly called, work on the study of 5 basic indicators to get signals of market directions. You can chose one or more indicator at one go on the basis of which the robot decides to place the trade. (See How to Choose the Best Bot)

In case you chose more than one indicator, then the robot will place your trade only if both the indicators move in the same direction at the same time for the trade to be activated.

The time of expiry offered by most of the free binary robots ranges from 60 seconds to 60 minutes. Though there are some limitations when using a free binary robot as compared to the subscribed version which offers many other features, still a free binary robot works fine for an average trader.

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Pros of Using Free Binary Robots

For traders using a free binary robot, it is like investing a small amount of money, making a few choices and sitting back to get profits which may be as high as 83%.

Some of the many Pros of using free Binary Robots for trading binary options are:

  • The biggest pro of using free Binary Robots is that no knowledge or experience in trading is required for trading binary options.
  • They are useful for new traders as they can begin to make money as soon as they start using it; on the other hand the experienced and expert traders can save time and still optimize their benefits by using free Binary Robots.
  • As free Binary Robots are 100% automatic, they do not require constant involvement and can make decisions on their own.
  • There is no requirement of any kind of technical knowledge to start trading by using a Binary options robot.
  • Trading with free Binary Robots helps in executing the trades instantly which helps in maximizing profits and minimizing risks.
  • Just as the field of binary options trading is limitless, so is the need to know and understand the various factors that govern and drive the process of trading in order to arrive at the right conclusion for making profits. Thus another interesting and advantageous feature of using free Binary Robots is that this tedious process is obliterated and a trader is not required to learn complicated theories or invest time in learning them.
  • Most of the free Binary Robots are compatible with multiple platforms therefore allowing the freedom to use the broker of choice.
  • With free binary robots you don’t have to sit in front of the computer or mobile device for the trades to happen. You can relax at the beach while the robot does all the work.

Binary Option Robots Explained Here

Cons of Using Free Binary Robots

pros consThere are a few disadvantages of using these Bots also:

  • The biggest disadvantage of using free Binary Robots is that most of the free Bots have limited features which hamper the availability of choice.
  • Some may offer a few assets while others may offer a limited choice of strategies only.
  • Another disadvantage of using these Free Binary Robots is a lack of control once you start trading with them.

Are Free Binary Robots a Scam?

No, it can be said with authority that binary options trading with robots is definitely not a scam though it is the nature of humans to doubt all new things. Free Binary Robots is being successfully used for a while now to generate high profits within a short time.

It is important to understand that on one hand the field of binary options trading gives high returns; but on the other hand the returns might be zero whether you trade them in the traditional manner or use Free Binary Robots.

Bottom Line

Be careful with the “Auto trading systems” promoted via email, these often are unreliable and scam systems.

At Botscam.com, customer safety is our #1 Priority – that is why we have tested and selected only the Best Binary Option Robots to save you time and money.

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