Binary Options Robots are infamous for being the best and easiest way to trade. They used to be the perfect solution for complete beginners binary trading. Binary Robots are no longer the smartest way to trade as the robots today are owned by the brokers and essentially a scheme to get you to signup via binary robot software. In the past through their sophisticated algorithms, they would scan and analyse the market movement for you and place your trades directly. This meant fast and immediate results, with no special binary training needed.
Check out our list below with the best alternative to auto trading robots South Africa. The best part is that these trading platforms are completely free and require absolutely no downloads or installations.
Usually, traders in South Africa review binary, forex or cryptocurrency strategies and place trades themselves according to market news or fundamentals. This way they try and assess the market changes or fluctuations and act accordingly.
Nowadays, thanks to the development of technology, South African traders no longer have to do the research themselves, but can use binary options robots, forex robots or cryptocurrency auto trading robots. Make sure to find out is forex trading taxable in South Africa before you start trading. We do want to warn traders from using binary robots and auto trading robots blindly. You need to be able to trust that the developer of your binary robot software has your best interest at heart.
Auto Trading Robots
Based on advanced tech, auto trading industry combines two powerful trading elements; the accuracy of mathematical calculation received by auto trading robots and its performance when investing in instruments on traders’ behalf.
Auto trading robots can either rely on trading algorithms and execute high percentage of successful trades or via human elements, such as expert signal providers.
With auto trading, traders can participate in the financial market with only a minimum investment and achieve success. It’s no wonder why auto trading has grown so popular among investors worldwide, as well as traders in South Africa.
How Do Auto Trading Robots Work?
Auto trading robots are basically automated software that automatically places trades on the user’s behalf. This, of course, requires South African traders to set up their preferences that auto trading robots will later use when trading with numerous underlying assets.
In most cases, auto trading robots provide free trading signals so there are no requirements for paying additional fees. Most of the auto trading robots are free, while deposits are directly done with connected binary options brokers. Usually, auto trading robots require the registered traders to be online when trading binary options so they could have more control over their trading portfolio.
Nowadays on the financial market, there are plenty of different auto trading robots and for newbies choosing the right one can be challenging. Auto trading robots are divided into three categories:
Binary Options Robots
Forex Trading Robots
Of course, software exists (like the ones above) that combines forex and cryptocurrency, for example, into one auto trading robot.
For new traders, auto trading software like binary robots can present a valuable and useful tool which makes trading direct and easy. All you need to do is:
Set your preferred amount to invest
Choose the number of trades each day, trade options and time limit
Choose whether to accept or decline a signal
The Advantages of Auto Trading Robots in South Africa
No Experience Necessary – One of the most appealing advantages of auto trading robots in South African is the fact that traders need very little or even no trading experience at all. They need to get acquainted with the software and know how to properly set it up, but the markets and trading knowledge comes with the auto trading robot.
Time-Saving Benefits of Auto Trading – Everybody, including South African traders, is always trying to squeeze the day for extra minutes. By using auto trading robots in South Africa, that fanciful wish becomes a reality. The binary auto trading robots do most of the difficult work of following the trading news and scanning the markets on behalf of the traders. That way, traders get to experience the time-saving benefits of auto trading.
Free Auto Trading Signals – Next in line of auto trading robots advantages is most certainly that they are free. Meaning, South African traders do not have to pay extra fees to use the software or to use the auto trading signals. Usually, all they need to do is register an account in a few short steps, choose a broker and deposit into their account. Once you set up your trading preferences, you are ready to place your first trade, based on a free auto-trading signal.
No Human Factor – A human factor can be a risk greater than the market volatility. A simple human error in their assessment or a wrong decision and investment can turn from a profitable one to a loss in a split second. This is another one of auto trading robots advantages – they are completely stripped or human factor. The risks are still present and traders have to be aware of them, but they are lower and the issue of human error or excessive emotions is removed.
Speed and Accuracy Advantages of Auto Trading Robots – No matter how experienced or swift a trader might be he or she will never be able to compete with an advanced trading algorithm. Nor should they. The technology is here to be used and to benefit from it. Which leads us to yet another one of the advantages of auto trading robots in South Africa – speed and accuracy. The advanced trading algorithms used by the auto binary trading software are fast and can scan and analyse the market within a much shorter time span. That immediately means that traders using this solution to trade binaries stand more chances of making profitable trades.
Additionally, sophisticated trading algorithms also have a higher accuracy rate than traders simply because the software has the capacity to take more parameters into account. Then, it will generate a trading signal which has the highest probability of being successful and securing monetary gain.
24 option Auto Trading
Due to the increasing popularity of the binary options industry and especially auto trading robots, more reliable brokers decided to work with auto trading software.
Binary auto trading is widespread among new traders, interested in trading binary options in a safe and profitable way.
This software is free and requires no download. For that reason, 24 option decided to join forces with several auto trading robots. This brokerage company is established in 2010 and operated by Rodeler Limited. All you have to do is open a free account and make a deposit with 24 option. With a minimum deposit of $250, traders can get access to their trading platform and fully enjoy the benefits of the 24 option auto trading. They can choose among several account types and invest in stocks, currencies, commodities or indices. On top, you can use the free signals to make the most of each placed trade. The trader has to acknowledge every signal and can trade only the ones that suit their trading plan or signals they believe will be profitable for them.
Free Binary Option Robot Review
Binary Option Robot is an auto trading software, which trades binary options on behalf of traders. For our readers in South Africa, we have prepared this free Binary Option Robot Review to explore the perks of using this binary auto trading robot for trading with multiple different underlying assets. This auto trading robot is an excellent choice for new traders, without previous experience in the binary options industry.
As from our free Binary Option Robot Review, this auto trading robot can be very efficient and profitable in terms of binary options trading. Traders beginners are particularly satisfied with the fact that this software places trades instead of them so traders’ knowledge is not essential for the binary auto trading outcome. You can earn profits, even if without any prior experience.
The fact that this binary option robot is free is considered to be an additional benefit. Registering an account in a few quick and easy steps it the only thing you need to do in order to get started with the free binary option robot.
The trading platform is highly customizable. This binary option robot is equipped with plenty of attractive features to entice traders’ interest.
Its user-friendliness and simplicity successfully compensates for all the binary trading tech terms and moving assets charts. The data feeds are super fast, and the free binary option robot requires no download. It works on all devices and in all browsers.
Free binary option robot is a completely web-based solution which is governed by a sophisticated algorithm that scans the market in order to generate trading signals. All incoming signals are in real-time, without any delay which gives the software solid trading credibility and legitimacy.
Free binary option robot pays much attention to the traders’ safety, providing powerful risk-minimizing tools. With those tools, you can set your Daily stop loss or limit the number of Max daily trades. The customer support is there to help you navigate and give a guiding hand at all times.
Binary Options Robot Minimum Deposit
Binary options robot is absolutely free, but binary trading requires a minimum deposit to be paid directly to the broker you are connected to through your Binary Options Robot account.
Binary Options Robot minimum deposit varies from a broker to broker. Binary Options Robot minimum deposit amount and available currencies may be different based on the traders’ geolocation too.
For example, with FX-Advisor, the binary option robot minimum deposit is as low as $5!
Since the Binary Options Robot works with a variety of brokers who operate on a global level, all of them offer different payment options. Banking methods such as card payment, bank wire transfer and e-wallets are all on disposal. Majority of brokers offer a wide range of available cards, from debit to credit (Maestro, Mastercard, Visa, Visa Electron, Diners Club…).
It is visible how South African traders have on their disposal a wide selection of deposit methods which they can use to process their Binary Options Robot minimum deposit. It is important to emphasize that the deposit process is conducted in a way to comply with the highest security and safety payment processing standards.
One of the most popular among the binary options robots is BinaryRobot – a forerunner product based on algorithms that deliver trades with great profit potential. This software relies entirely on the mathematical analysis to find potentially profitable trades at every moment of every day. Traders no longer have to dwell on educational materials, their own trading experience or their own analysis to conduct the trades, but can simply activate the BinaryRobot.
From our BinaryRobot Review readers’ feedback, one of the main benefits of BinaryRobot is that it is far more precise and faster than any human specialist can be, not to mention an average trader. The algorithms never get tired or nervous, and thanks to their analytical nature, all trades are delivered objectively, without any sentiment. This advanced and very sophisticated algorithm is unique on the market.
Preparing our BinaryRobot Review, we learned that this is a highly customizable auto trading robot. It is connected to a selected list of brokers to choose from, whose availability varies based on your geolocation. The binary registration is quick and easy and if you need any assistance, Customer support will give you a helping hand at any time.
OptionRobot is a relatively new auto trading robot on the market. As you can read from our OptionRobot Review, this software allows traders to set their trades at any time. Previous training, technical analysis, and knowledge are not required to use this software. This auto trading robot works with tablets and mobile phones adapted to Android and iOS systems. This is very useful because at any time you can monitor your trades and track everything that is happening in the financial market every step you make.
There is a variety of interesting features offered by the OptionRobot software. From our Optionrobot Review readers’ feedback, one of the most valued features is certainly the Optionrobot Demo account that allows traders to test all the tools and features that this software provides to their users. The OptionRobot Registration is free, quick and easy. This trading robot makes 3 leading OptionRobot Trading Strategies available and the traders also have the opportunity to use 6 Trading Indicators to help them deal with specific market circumstances.
Unfortunately, OptionRobot South Africa Customer support service can be reached via email only at the moment.
Forex Trading Robots in South Africa
Deriv and Binary.com has a legit possibility to use trading robots. You can use their best forex EA to obtain higher winnings and better results than trading entirely on your own. Binary.com minimum deposit and Deriv minimum deposit is $5 so you can start trading with a low amount but if you want to build a proper strategy you naturally have deposit significant amounts. To trade with Forex EA robots you need to use their Metatrader4 or MetaTrader5 platform and not the binary options demo account.
Basically, automated software analyses price movement and gives indications, known as signals, of whether pairs of instruments will move up or down in the market. They are highly advanced and result-oriented trading robots that are available for worldwide binary options, forex and cryptocurrency traders.
Let’s take binary option robots for example.
Note: We will be using binary option robots as examples to illustrate how auto trading works. The same applies for forex and cryptocurrency robots.
Binary Robots are automatically set to follow current market trends and see if there are any changes regarding trading assets. These robots use financial graphs and other financial tools and market analysis in order to be as precise as possible when making trades.
Binary options South Africa has many advantages and one of the main reasons for its massive popularity is the fact that there is no human factor, since it is all done automatically by the machine.
The most significant fact with auto trading robots is the fact that they use binary signals when placing trades.
What are binary signals and how do they work?
Binary signals are alerts, received from experienced traders with years spent in the binary options industry. When received, these signals are sent to automatic software which then places trades in specific underlying assets. The importance of binary signals lies in the fact that they all work in real time, so the robot can use them effectively.
This is where auto trading comes into the picture with great possibility to achieve all of the above. Binary options trading itself isn’t difficult, but the truth is it does require a certain degree of financial knowledge.
Below you can find detailed information about features of the most popular binary robots in the industry.
Best Trading Robots in South Africa
It is important to note here that all trading entails some risk and no promises of profit can really be made. Your best bet is with the best automated software out there – which in our opinion is FX-Advisor. They offer YOU the choice of broker and provide world-class automated signals. Trading has never been easier.
With auto trading solutions, the risk level is instantly minimised because the software is more efficient in price movement predictions and following current market trends. It becomes possible to trade with a variety of underlying assets, from stocks and currencies, to commodities and indices.
How to choose the best trading robot in South Africa?
Considering just how many trading robots are present on the market a question of how to choose the best binary robot in South Africa is a crucial one. At the same time, the answer may not be that unanimous and may be subject to some very individual preferences. Despite that, we give you a short overview of key features we find important when assessing a trading robot to invest with:
Technology vs Human signal provider
The trading robots are based on the assessment and analysis of the market. With some, the signals are sent by trading experts, while others rely on signals generated by complex algorithms which scan the market and then make calculations. The choice here is absolutely individual – some traders might decide in favour of technology while others might trust more in the human experts.
Choice of brokers
Another important tip when it comes to how to choose the best binary robot in South Africa is to look for an established binary options broker. These two aspects are linked and without the right broker no matter how good the trading robot is – results will not be satisfactory.
Traders’ online presence
When choosing the best trading robot in South Africa, look for those which will carry out trades only when the trader is online. This is the leverage that will provide you with more control over trades placement and your trading portfolio.
Reliable Customer Support Service
The customer support is there to provide just that – support, guidance and help and their quality, professionalism and friendly disposition are crucial. The best trading robot will ensure a customer support service that is reliable and reachable to South African traders.
Are South African Binary Robots a Time Saver?
Binary robots are a huge time saver. For South African traders who want to participate in the financial market but cannot find the time to keep checking the movement of all assets, these automated systems are the perfect solution. In fact, among several advanced techniques for binary option trading, automated software is considered to be the most convenient and easy to use solution.
What Trading Features Should I Use with Binary Robots?
Before trading with any auto trading robot, make sure to set your own limits:
Adjust the risk level
Set the amount you are not willing to cross in losses
This is a very important step, because if you start trading with the default settings and for some reason the robot’s predictions are wrong, you could lose a lot of money.
Do Binary Robots Connect Me to the Best Binary Options Brokers?
The way automated trading robots work is that they connect you to binary options brokers you can use their software through. Are these brokers really the best choice though?
IQ Option had a free robot shortly. Rumours was IQ Option scam Robot was not winning however the real issue was that CySEC, the regulator of IQ Option, was not a fan their IQ Option Robot software.
Back in 2014 – 2016 we could say yes. But today the best binary robots have closed down due to the fact that the regulated brokers stopped accepting robots that auto traded for people without giving consent to each trade. Many binary robots automatically connect you to a single binary broker they are working with and give you no choice in the matter, when in reality you should be able to choose which broker you prefer to use the software with.
Check out our list on the top of the page of the most reliable auto trading software for users in South Africa.
The best binary robot today is FX-Advisor, which gives you a $10,000 demo account for free. They have many instruments available for traders in South Africa, so the choice is ultimately up to you.
Either way, we took the time to research the best auto trading robots out there to stop you from trading with all the binary robot scams out there.