IQ Robots is now closed.
IQ Option is a popular binary broker, widespread among many traders in South Africa. Thanks to low deposit of just $10 and proprietary platform, this broker is a popular choice for South Africans when planning to trade binary options.
Now closed, IQ Robots were presented as a new and powerful trading feature for their traders.
IQ Option Robots provided traders in South Africa specially designed software for trading binary options, a little bit different than with other binary robots on the market.
How to Begin IQ Option Robots Experience?
Although it is not possible to sign up wo+ith IQ Robots anymore, this review shows how previously South Africans could create an IQ Robots account, by using existing IQ Option account. This was especially easy for existing traders who previously traded on this trading platform.
Traders who were new to IQ Option Robots, could create a new account, by clicking on Register button is upper right part of website.
We found out in IQ Option Robots review, how it was possible to connect with Facebook and Google +.
To get access to IQ Option Robots dashboard, South Africans had to provide following information: first and last name, email address, password and click on I accept Terms & Conditions.
Entire registration process was completely free.
Just as on regular trading platform, IQ Option Robots offered two possibilities; to try out demo account (traders are provided with $1000 of virtual money) or to create a new Robot.
We found IQ Option Robots demo had several advantages and was an excellent and very useful feature which can assist inexperienced traders to reach better trading results.
Once traders successfully completed registration on IQ Option Robots platform, they had on disposal to choose whether they want to trade with existing Robot, created by other pro traders. This option is used for copy trading. More about copy trading, traders can read here.
Other option was to create a completely new IQ Robot in Wizard.
Selection of IQ Option Robots Catalog
By clicking on Robots Catalog, South Africans could have chosen a Robot they want. They were offered with a list of most profitable robots, where traders could select specific features (on the left side).
Under Catalog filter, traders were able to choose between following features: option types (Turbo and Binary), assets profit % (min. to max.) and period. It was possible to select between 24 hr, 7 days, 30 days, within the last month, 3 months, 6 months, 6 months and 12 months.
If traders find this filter insufficient, they could press advanced search button and choose different parameters to have more successful auto trading experience with IQ Option Robots.
Creation of New IQ Option Robots
IQ Option broker prepared for their registered traders possibility to create their own IQ Option Robots. Our IQ Option Robots review showed how there were two options available, one is for traders beginners, while other is for professional traders in binary options. In upper part of platform, South Africans could click on:
- Wizard – for new traders
- Constructor – for advanced traders
Option to have two different ways to trade with IQ Option Robots was a great way for all traders to use this Robot and earn more money, by selecting the best suitable option for them.
Minimum starting investment with IQ Option Robots was set to $1, while maximum payout was 85%, as we learnt for this IQ Option Robots review.
How to Use IQ Option Robots Wizard?
This Wizard was created with intent to offer inexperienced traders in South Africa simple to use system, which can be used without any difficulties.
As seen here, traders were able to choose a strategy and adjust settings. They could also test it which was very important for new traders. Strategy could be ready-made or traders can create a new one.
Testing is important segment since traders can actually see how this Robots acts under real market conditions.
The final step was to name a specific robot. The more attractive name was, the more traders will use it to trade binary options.
There seem to be one more extremely important option which we learnt in IQ Option Robots review, and that is how it was even possible to modify IQ Option Robots before publishing. This way, there were always room for Robot improvement into making him the best possible version.
How to Use IQ Option Robots Constructor?
IQ Option Robots Constructor was more advanced and intended for professional South African traders.
Traders who want to create more complexed robot, could make one in this Constructor section.
IQ Option Robots Constructor offered traders in South Africa to choose between following:
- Indicators: trend, oscillators and other
- Strategies: signals, filters, standard blocks, my blocks and other
- Tools: information, logical, mathematical and trading
Process of creating Constructor Robot was guided with video tutorial, for traders to understand it better and benefit from it. Pro traders had enough trading knowledge to use a variety of indicators and strategies to maximize profit.
*Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
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