Why a Binomo robot is probably a scam for your money

scam alert

When it comes to excelling in a tricky game like trading, nothing comes as relieving as an automated trading tool. Right? A personal algorithmic assistant that can help you win trades! Sounds fascinating? That is what a trading bot like Binomobot does! However, before knowing more about the Binomobot features, you must know whether it is genuine or a scam. 

Without thorough research, if you introduce a trading bot, it might just jeopardize all your funds. It could contain a virus or may reveal all your trading moves to a third party. Due to the popularity of trading bots, they are now available for even those platforms that do not offer them officially. So let us analyze and clarify whether Binomo offers its own bot? What are the features of the Binomo bot? Is it a scam?

We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!

Choose the best alternative to Binomo:

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Yield: 95%+
100+ Markets
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95% (in case of a correct prediction)
  • Fast withdrawals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
IFMRRC
Yield: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Sign up for free

(Risk warning: Trading is risky)

Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95% (in case of a correct prediction)
  • Fast withdrawals
The offer:
Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:

Does Binomo offer Binomo robot?

Binomo is a platform that believes in transparent and secure trading. Moreover, it aims to offer direct customer services with reliability. Since a trading bot is automated in nature, there are chances for it to make the wrong decisions. That is why Binomo does not offer its trading robot

However, you can find various Binomo bots created by independent developers on the internet. Those are compatible with your accounts. So, if you wish to take the risk, you can download those bots and synchronize them with your registered Binomo account.

Binomo bot review

The
The “Binomobot” trading robot

Before we review the Binomobot, we must keep in mind that it is not an official trading robot by Binomo. However, if you think it offers you certain advantages, you could choose to use it. 

The Binomobot, like any binary options trading robot, aims to support your trading with the help of pre-determined algorithms. It offers you the ability to analyze better. With this bot, you can effectively conduct 12 moving indicators analyses and 5 technical indicators analyses. This trading bot mainly functions based on the martingale strategy. However, it allows you to select more than one strategy at a time

Being an unofficial robot, the greatest advantage a trader can get is that it comes free of charge. Also, it is compatible with the Binomo demo account as well as live trading accounts.

We stopped promoting Binomo, choose a reliable broker now:

Our tip: Sign up with the best alternative Quotex!

(Risk warning: Trading involves risks)

The Binomobot trading robot in action

There can be multiple versions of this trading robot that is compatible with your device. You can find a browser version and an in-app version of the Binomobot. The main purpose of any trading robot is to simplify complex trading steps. That is precisely what a Binomo robot also claims to offer you. 

Binomobot allows the trader to automate the trading process. So, while it is trading cryptocurrencies on the Binomo platform, (or any other financial assets), the trading bot may support your steps automatically. You can download the browser version of this trading robot straight away. But don’t use it without testing it on the demo account. 

The Binomobot differs from other trading robots in its vast language availability. It is available in more than 9 languages. So, it claims to offer you more personalized attention and connectivity.

Why is it probably a scam?

As we mentioned before, it is not created by the Binomo platform. This trading bot is strictly unofficial, making it risky bait. A team of independent developers develops it. They do not affiliate themselves with Binomo in any way. So, if you encounter any fraud, Binomo shall not be legally liable.

Moreover, the Binomobot does not provide any trading advice to the users. They also do not encourage us to utilize their activities as claimed on their website. So, an unofficial robot made by unknown persons without any legal validity is nothing less than a scam.

We stop promoting and recommending Binomo anymore after banning our partner’s account for no reason. Choose a better alternative like Quotex or Pocket Option to trade!

Choose the best alternative to Binomo:

Broker:
Regulation:
Yield & Assets:
Advantages:
The offer:
5.0/5
12345
IFMRRC
Yield: 95%+
100+ Markets
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95% (in case of a correct prediction)
  • Fast withdrawals
Live-account from $10
  Sign up for free

(Risk warning: Trading is risky)

5.0/5
12345
IFMRRC
Yield: 90%+
100+ Markets
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
Live-account from $50
  Sign up for free

(Risk warning: Trading is risky)

Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 95%+
100+ Markets
Advantages:
  • Accepts international clients
  • Min. deposit $10
  • $10,000 demo
  • Professional platform
  • High profit up to 95% (in case of a correct prediction)
  • Fast withdrawals
The offer:
Broker:
Regulation:
IFMRRC
Yield & Assets:
Yield: 90%+
100+ Markets
Advantages:
  • Accepts international clients
  • High payouts
  • Professional platform
  • Fast deposits/withdrawals
  • Free demo account
The offer:

What does a trading robot signify?

Binary options trading robot

To understand a trading robot, we need not stress a lot. Nowadays, with the rise in online trading, a trading robot does not surprise many traders.

The term trading robot signifies nothing but an informal term for algorithmic trading. It is primarily based on a set of market signals. The main function it serves is to help a trader determine whether to buy or sell a particular asset at a specific point in time. The trading bot systems function fully automated, integrating with trading brokers or other exchange platforms.

So, essentially a trading robot is an automated software program that a trader can use to generate and identify the signals in a binary trading market.

A major reason behind these robots’ creation is to eliminate the psychological element arising while we trade. 

Psychological and emotional distress can often become detrimental in trading. So, a trading bot can significantly help you reduce that. We can say that trading robots are automated software that generates trading signals.

The majority of the available trading robots are built with MetaTrader. Also, they use the MQL scripting language. That allows a trader to generate trading signals, manage the trades, and place orders.

Features of a good trading robot

Robot trading on a computer

A good and reliable trading robot will help Forex or any other trading better than others. However, the foremost quality will be that it is official and legally bound by certain guidelines. So that any malfunction shall not end up in a total loss of funds

It can offer you different intraday trading strategies that can help you increase your chances of winning trades. Moreover, it also allows the trader to utilize stop-limit orders. Forex traders can utilize its auto-selection feature to choose the currency pairs without much effort.

Smart trading

The bot should assure the auto trading accuracy that a trader can get through real-time market analysis. The bot must utilize the inputs coming from many technical indicators to achieve accuracy. Moreover, its smart algorithms should efficiently analyze trading charts, allowing it to choose the best intraday stocks for the current day. With this algorithmic trading, a smart trader can reap the most out of any assets market.

Numerous trading strategies

A reliable trading robot can help you avoid spending weeks learning binary trading and stick to only one strategy due to fear. Instead, you can find all the trading signals you may need in one place and even use the strategies of other successful traders.

We stopped promoting Binomo, choose a reliable broker now:

Our tip: Sign up with the best alternative Quotex!

(Risk warning: Trading involves risks)

Online chat with technical support 

Online chat with technical support  of a trading robot provider

Technical support is a requirement that any trading bot must fulfill. Since it runs on automated algorithms, we can expect a technical malfunction. However, a safe and reliable robot will offer you 24/7 customer support through live chat and calls directly with the platform. So, the platform can solve any trading issue immediately.

Conclusion – Be aware of Binomo scams when using a trading robot

Not being a robot when cold-calling

Binomo does not offer a trading robot for its platform. Therefore, any trading bot claiming a Binomobot is nothing short of a scam. However, if you still want to try a robot for your Binomo account, you can choose the one available on the internet

You must also remember that the reviews for the robots are mixed, especially for long-term trading.

Therefore, a trader must not completely depend on it as these bots are set within a certain range. A sudden price fluctuation can negatively affect your profits if you completely depend on any trading robot.

We stopped promoting Binomo, choose a reliable broker now:

Our tip: Sign up with the best alternative Quotex!

(Risk warning: Trading involves risks)

About the author

Percival Knight
I am an experienced Binary Options trader for more than 10 years. Mainly, I trade 60 second-trades at a very high hit rate.

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