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Best Binary Options Signals 2020
Binary trading signals are indicators that signify whether to make an investment or not. If you have read my previous articles, you may remember that I have mentioned signals before. For example, binary option robot and the automated trading software are using signals produced by the best professionals in order to obtain maximum possible profits. The remarkable thing of these binary option robots is that the signals they produce are completely free. In addition, there are several paid services provided by professional investors. Furthermore, I will elucidate how these signals can actually help you earn more money when trading with the binary option brokers like one of our favorite IQ Option, and how professional investors use them in their own investments in order to achieve maximum returns.
How Binary Option Robot Can Change Your Life? Check This Out!
TABLE OF CONTENT
How to Make Money with Binary Option Robot
Top Binary Option Robots in Russia
Claim your free binary option robot, get started with three easy steps:
- Name of Robot
- Min. Investment
- Min. Deposit
1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.
2. The Binary Option Robot Will Predict the Price Movement
Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.
3. Decide on how much you want to Invest
Then you need to decide how much you want to invest in the commodity and when that investment will expire.
4. Collect your Earnings
Finally, you collect your earnings (the good part!)
What Are Binary Trading Signals Exactly?
Signals are much used tool in swing trading
Signals were originally developed only for foreign exchange trading. Since currency trading always takes place in pairs, it was extremely easy to form a clear system whose aim was to interpret the possible changes in the future value of these currency pairs. In 2009, as binary options became widespread, traders realized that they could develop similar signal systems as the ones which were being used in currency trading.
In practice, binary options trading is extremely similar to currency trading. As a matter of fact, trading currencies is the most popular type of binary options brokers trading. But the use of signals in binary options is not merely restricted to currencies; their uses can be expanded to multiple areas – for example, equity trading, commodity trading and indices. Conclusively, we can say that the signals fit much better into binary options than they did in Forex-trading.
1.Free signals that investors share as examples on discussion forums. The signals shared by investors on discussion forums must be treated with great caution. Anyone can write and advertise them without any evidence of profitable trading. Sometimes the advice received from such places can hit the right guess, but it does not necessarily mean that they would be good always. It can beBest Binary Options Brokers 2020:
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attributed to luck as well. If the advice is wrong, the advisor can easily abandon writing under that particular pseudonym and make use of a new screen name and try again until a right guess has been hit.
2.Paid signal service providers who share the signals under their own name for money or other remuneration.
The signals thus shared can be based on the providers’ own experiences about trading, or the signal provider can use their own device to interpret the signals. Usually such service providers want to keep the technique by which they
have reached the final conclusions as a secret. Some of those services can cost quite a lot. I recommend avoiding the use of any services with a large start-up fee or those who charges even before sharing the first set of signals with the customer. There is high probability that the provider wants to make as much money as he can by charging the customers at the beginning due to large chunk of customers terminating the service very quickly for quite a number of reasons. The contributing factors for the reason being that the signals were bad or at least not worth the money.
3.Paid signal services from multiple signal providers or from well-known investment firms.
These service providers often have years of experience and cater to hundreds if not thousands of satisfied customers. They may levy exorbitant prices for their services but they usually have an extremely good rationale to justify the prices.
However, such services are not designed for novice investors because of the high price or the complexity of signals. They are mainly intended for professional investors whose investment amount to moving in tens of thousands on a daily basis. If you level-up to trading in such large numbers, the use of such services is definitely advisable.
4.Signals provided by trading software.
The fourth alternative is a signal software similar to the real robot. It highly resembles stock trading software which are used by investment banks except for the fact that binary trading software is in many ways, a much better option for a novice investor. For example, it is easy to use and it is fully automatic. Additionally,
I would not recommend paying any charges for such kind of software especially when the market’s best trading software robots are completely available for free. Developers of binary robots intend to make their software to be well known and garner high usage.
Some signal charts are way too difficult to interpret, even for experienced investors. That is way I recommend using signal software.
Most Important Features When Choosing a Signal Service
When you make your choice, it is extremely important that the signal service you choose contains a few important features. This is particularly essential if you use the automatic application together with the signals.
To highlight the principle features which an investor must consider when choosing a signal software:
The investor must be able to set limit the extent of his daily loss. When you buy an automated trading software, you should be able to trust that it really takes care of everything automatically without needing your constant supervision. The option of stop-loss limits exists to grant you peace of mind – you need not have to constantly think about how much you are winning or worry about the losses.
As there are no upper limits in profits, in practice, this equates to huge gains and minimal loss. Also, a software does not weigh the losses in the same way human investors sometimes do. Its strength lies in the fact that it functions based on pure mathematical facts.
History and data from past results reveal that signals have actually been profitable. If the application can truly generate money for the investors, there is no reason to keep the past results secret.
It is essential that you have a platform to discuss and are able to ask questions about the signals from the producers in case of any problematic situations. The easier it is for you to be able to contact the service provider, the higher is the credibility of the service. Interaction between customers and the provider is extremely important as this indicates that the service provider is serious about developing better and a more efficient service. Also, this will help you hone your skills and make you a better investor with time.
If a particular signal provider believes that the service they provide is good enough to be ready to provide it for free, it is highly likely that the signal service is at least in some way, useful. Currently with the binary option robots, the situation is extremely similar to what Linux operating system faced at one point when they were entering the market. Like Linux developers, signals robot developers have decided to offer the software for free to customers so that it would be of help to develop it further based on the inputs.
It is important that you are able to utilize signals on a trusted and reliable broker site where you can get your winnings easily and effortlessly. Therefore, I recommend investing only with most trusted broker sites such as IQ Option, Banc de Binary, GOptions, and CherryTrade All the brokers presented and reviewed here have years of experience and thousands of satisfied customers, and are therefore 100% reliable.
Good results from the past are a great indicator of that the signals are indeed profitable
Are Binary Trading Signals Scam?
Binary trading signals are definitely not a scam. However, that does not mean that you should trust every signal provider. Every place where money is involved, there is a possibility of presence of fraudsters and dishonest operators. Majority of operators are honest and possess good intent, but that does not mean that advise they render is worth paying. As long as you invest in only the sites recommended by us and follow the steps in this article, your money is safe and secure.
Read below our signal reviews, pick one of these trusted providers and start your success stint at trading profitably!
Best Signal Providers Reviewed
The current world requires binary options traders that seek opportunities to streamline their lives. Your trading schedule may be so tight that you cannot find ambient time to analyze the binary options market before placing a trade. This is where binary options signals come in handy. These signals are trade alerts for the commodity, currency, or stock markets. It is your onus to find an incredible signal provider to help facilitate your trading experience without unnecessary complications. We have made the entire process easier for you analyzing the working of top binary options signals providers in the industry. Please read our unbiased reviews to help you find the right provider befitting your criteria.
The key to reaping any significant returns when trading in binary options lies in finding a great broker. However, what many people don’t realize is that finding a good and accurate signal service provider is of equal paramount importance. Most of the times, these signal providers are independent i.e. they are not in any way generated or controlled by any brokers but in some cases the brokers themselves generate their own signals. A good example is Option Robot.
Before discussing the nitty-gritties of the signals provided by the Option Robot and their accuracy, it is important to understand what binary options signals are in the first place. A binary options signal is typically an alert sent via email, audio or text advising the trader about the best and most profitable options to trade on. Signals are generated based on meticulous analysis of an asset’s price movement charts and the related trends in order to arrive at a projected movement which is then transmitted to the trader in real time. There are long term signals that stay valid for up to a week and short-term signals which can last for 50 minutes – it all depends on how you prefer them. We shall focus on the latter option of short-term signals.
Predominantly, most brokers and independent providers will offer you trading signals usually for a small monthly fee. When you receive and decide to use them in trading, you will be required to manually execute the trade as specified. However, there are signal providers who generate signals and instead of you receiving and applying them personally, the system can be set up to execute the trade automatically on your behalf. These are what we refer to as automated trading software or robots. Option Robot is the latest entrant and has attracted quite a following – an indication that they must be doing it right. Or are they?
Knowing how an auto trading system or any other signal provider arrives attheir signals is crucial to ascertain if the provider is reliable or if they are just another scam. Option Robot have a genius and innovative way of generating signals based on one or several of their indicators as selected by the trader. These indicators are:
Basically, a signal is generated by the indicators analyzing price movement charts and other trends of the asset. Based on the analysis, it then makes either a CALL or PUT trade for you through your broker which you select from their several options – all highly qualified and regulated as per the best financial standards. In case two indicators were selected, a signal can be generated and used to trade only when both produce either a Put or Call option. This simply means that for the robot to execute a Call or Put trade, the two indicators will both have to both produce either Call or Put signals – this ensures that the system only executes the trades it is 100% certain about. Such a working system greatly minimizesthe chances of a losing trade, the last thing you wouldwant.
Due to the complex process involved in generating the signals, they are of very high quality and accuracy. Option Robot signals have a certified win rate of 83% and above – one of the highest in the industry. What’s more, being a robot, it is able to produce signals faster and more efficiently than any human can and we all know binary options is all about speed and efficiency
Option Robot is a great trading system with amazing signals. However, that alone does not encompass all there is to it. There other few factors that makes Option Robot a system to watch out for as follows:
- It offers some of the best and most reputable brokers to choose from. The brokers, including GOptions and Banc de Binary are the most popular in the world of Binary options due to their transparency and the fact that they are all regulated. The fact that Option Robot is affiliated with these brokers makes it all the more legit.
- With the settings option, you are able to have control over the robot and the trading process. As such, you can decide which indicators can be used to determine the signals, how much to trade in and the trading system you would like to follow. The Option Robot software then follows these commands when executing trades. It is rare to find other systems which fully control the process for you such as this one where your only contribution is to deposit money through your broker.
- With the robot, you get to choose up to 8 trades at the same time. This helps you scatter the risks and multiply profits which judging by the high winning rates is highly possible.
- The minimum investment you can trade in through Option Robot is as low as $5. If you are a new trader and are not yet sure to trust Option Robot or not, this is a great way to find out. The maximum you can lose is only $5 with high chances of getting double or even triple that. You never know.
- Contrary to other trading software, Option Robot does not promise you heavenly payouts and/or millionaire status which often are false promises with the reality being completely different. Option Robot is mostly likely aware that binary options are a risky investment with little chances of making anyone a millionaire and their promotional materials do not contain any pictures of expensive homes or cars. What they have is a simple promise of bringing in returns in almost all your trades and a track record to back their claims.
For the (short) time Option Robot has been in the market, we have not heard any complaints that would provoke a negative verdict from us. On the contrary, we found them ranked higher on several online rankings with quite a number of traders giving glowing testimonials. With all its innovative solutions and great signals, Option Robot is an auto trading system you definitely want to try. We give our thumbs-up and suggest you just Go Right Ahead.
Quite a number of trading signal providers have surfaced in 2020. Unfortunately, most of them are scams and all advertise the same lies albeit with different statements. It has been quite a long time since we saw a new signal provider software which is reliable and legitimate. However, we recently got wind of one signal provider which though untested, looks like a good deal. With that, we introduce Automatedbinary, the new kid (software actually) on the block. The software has so far managed to garner attention from traders and critics alike and will probably continue doing so in the foreseeable future.
To help you familiarize, we have compiled a report based on our analysis of Automated binary highlighting all its pros and cons. Thus, pretty much answering the question the most frequent question that pops up concerning trading softwares – is Automatedbinary a scam? That, and many more in the section to follow.
Automatedbinary is, just as its name suggests, an automated binary options trading software that was released only a short while ago. Just within a few days of its arrival into the market, it has already taken the world of binary options by storm and has risen to become one of the most popular trading software around. Looking at the software’s superb features and options we can definitely ascertain that the waves created by this software isn’t just by luck –
it is through hard work, dedication and innovativeness on the part of the creators. And just as the saying goes, hard work never goes unrewarded. We don’t really give out awards here but a word, or two of appreciation is as good as any award. In case you haven’t heard about the software (it’s forgivable, for now) or even if you have and want to feel the awesomeness twice, the section below contains all the information on features and other nit bits you might possibly want or need to know about Automatedbinary.
This probably might have elicited a laugh or at least a chuckle from you. I mean, how can a free software have a (free) demo version? Come to think of it, it completely beats logic. But as we are aware, in binary options, so many things aren’t logical at first glance that your head would spin just thinking about them, so we won’t go there. Automatedbinary’s best feature, hands down, is the $50,000 demo version which is open to all, be it the registered members or even internet tourists who ‘mistakenly’ land on the site and would want some fun.
After signing up for the demo version, complete with a virtual broker, the site gives you a whopping $50,000 in cash to trade, learn and have fun with. Before you even think about how you will withdraw that money, how about we tell you that it’s virtual money? Basically, this is money which enables you to place trades, and even rake in profits, just like you would in the real account. No, you can’t withdraw it. Neither the profits. But what you can ‘withdraw’ for your use is knowledge and experience from trading with the amount. So the time spent is not such a loss after all.
Automatedbinary being a new software, we were quite surprised to see some of the practiced money management optionsalready incorporated into the software. These are, in simple terms, the options that a trader has in order to manage how their trades go. Proper money management can help you keep your trading account full or close-to-full for quite a long time. These options, also known as trading methods include:
- Classic– This is the classic or traditional method of trading and generally involves trading equal amounts in every trade. It mostly focuses on low risk trades and is regarded as the safest method. Automatedbinary’s classic mode is recommended for beginners although they are advised to keep their profit expectations low.
- Martingale– In this mode, the robot will double the investment on every trade coming after a loss and continue doing so until a win occurs. Usually, such a win will be big enough to make up for the previous losses. After the win, the robot lowers the investment on next trade to the original value and the sequence starts all over again. Martingale is arguably the most profitable mode of trading and also the riskiest as it is a game of probability.
- Fibonnaci– This mode is based on a complicated mathematical sequence which repeats itself after some time. As with anything mathematical, Fibonnaci is easily the most accurate trading mode and has relatively lower risks compared to Martingale.
The software uses six sophisticated indicators to generate signals. These are the most common and majority of traders have used them before, or at least heard about them. As with most things in binary options, these indicators were made for stock and forex trading but picked up by binary options traders after finding out that they still work. The indicators are:
- Williams Percentage Range Indicator
- Stochastic Oscillator
Traders have complete control over how many of the listed indicators the robot can pick signals from. Whatever number of indicators chosen, they must all show the same signal/direction for a trade in that direction to be placed. If that doesn’t happen, no trade is placed. Traders will love this feature, if they don’t already, as it keeps their funds safe and minimizes the amount of losing trades.
After carrying out detailed tests on Automatedbinary, we deem it safe to say that it is not a scam. Contrarily, it is a pretty good software and ranks high above the usual software, both in terms of overall quality and hit rate. The customer care is excellent with swift replies and we hope that they continue with the good work in the coming days. Also, we found out that traders have more control over the software than we are used to which is a clear bonus.
When it comes to the brokers, the nice folks at Automatedbinaryhave picked only the best of the best. The list is high on quality and credibility rather than quantity – featuring brokers such as Stockpair, 24Option and Banc de Binary among others. These brokers keep your money safe while the robot keeps your account full. To be honest, initiallyAutomatedbinarydidn’t invoke much of our interest but after the detailed analysis, all we have for it is sheer admiration.
Binary Option Robot Signals
The true mark of a great binary options signal provider is that the provider must be consistent in the provision of signals that help execute winning trades time after time. Therefore, these signals must be of the highest quality in the market. Traders must be able to trust them to the extent that they consider the reliability on these signals as the basis of their successful trading in the binary options marketplace. One such provider who has proved to be the best in the business of signal provision is Binary Option Robot – The Real Robot.
High winning ratio
The main reason that a trader seeks the best signals provider is the winning ratio. This is the rate at which the winning trades out-weigh the losing ones. Binary Option Robot has the highest success rates, and with a winning ratio of a tested and proven 83%, traders who choose this signal provision are in for a profitable experience in binary trading. When you are making a genuine 8 winning trades for every 10, you are right on the money and what you have is a great signal provider.
:Binary options trading is not gambling. The element of luck is so low that it is almost negligible. This means that the signal you receive has no element of guesswork involved. Binary Option Robot’s signals are backed by sophisticated and advanced algorithms that churn out one winning signal after another. These algorithms which are complemented by the professional trading staff at the signal provider are what makes their signals the best. They analyze years’ worth of data, combine them with current market conditions and come up with great signals all the time.
No experience necessary
The signal that Binary Option Robot provides is an end product in itself. This is because before a signal is released to traders, it is backed by so much work behind it that as a trader, you will not need to add any other input to it. All you will need is to execute your trade with the provided signal and wait for your trade to become a winner. This means that you need not be an experienced trader or one with extensive training to use Binary Option Robot signals to make a good return on investment.
There are some signal providers which have totally unnecessary hurdles that you need to negotiate with before you are fully able to access them. This is not what you will find with Binary Option Robot. The signals from this provider are very easily accessible to the traders and it does not matter which broker you are going to use. Just a few clicks on your mouse and the signals are right there waiting for you to be applied in the execution of your trades.
No limitation to the brokers you use
Binary Option Robot provides the best signals in the binary options market. You are free to choose your preferred broker site with the robot. This indicates that as a trader, you can retain your preferred broker such as 24 Option as your carrier for your trading account while using the impeccable signals that this provider has to offer to you all through your trading session.
As a binary options signals provider, Binary Option Robot also wants you to be a better trader. The fact that they provide you with excellent signals is not the end of their story. The availability of plenty of updated learning tools will help you enhance your understanding and application of the signals that you receive from Binary Option Robot thus enabling you to transform from being a good trader to an excellent one. These tools include detailed eBooks, webinars, trading manuals, charts and other informative material.
The software is compatible with all modern devices
If you still have to download a signal provider’s software to your PC, it limits the scope of trading opportunities. As an enhancement, the Binary Option Robot software is web based. This means that no downloads are necessary which translates to the factthat you can access this provider’s signals from anywhere and from whichever device thus broadening your trading opportunities. Whether your preferred device is your laptop, or your tablet or smartphone when on the move, signals are always accessible. This gives you the freedom to travel or go about your other businesses knowing very well that your signals are available on demand.
Binary Option Robot has made a name in the binary options trade as the provider with the most credible signals. As a trader, you will have to align yourself with the best signal provider to have a consistent income from binary options. Your provider thus should be Binary Option Robot.
In the recent past, sites offering fully automated trades have had to diversify their products to include other options such as the manual trading option and the signal delivery function. This is necessitated by the fact that while the larger majority of traders prefer auto trading, there is a significant percentage that don’t prefer auto trading but would still want to receive the signals used by auto traders. As such, sites like Signals 365 the focus of this section, have cropped up hoping to capitalize on the need for such an option.
As a background, Signals 365 is as the name suggests, a binary options signal provider that sends signals to traders from all over the world no matter the time zone – 24/7 service. Also, the service is available 365 days a year, including weekends and major holidays. This is pretty good although not really important as binary options markets are only open on weekdays. Anyway, that’s just one of the features of the service and was mentioned for the simple reason that it is an integral part of Signals365.com marketing strategies.
How does Signals 365 work?
The site generates signals through extensively tested technical methods which are able to generate hundreds of signals in just a few hours. The signals are then posted on the members’ area where all subscribers can access them and thereby enter into trades as per the indicated direction. This is somewhat surprising as in most cases, signal providers send signals directly to the traders via text or email.
Signals 365’s customer support team explain that due to the large number of subscribers and the largenumber of signals being sent out at any one time,
publishing the signals on the website is more convenient and time effective than sending them out individually. Of course just like in individual delivery, the signals stay on the site for a significant amount of time and can be referred to when measuring how accurate they are. Basically, alerts are sent out to every trader once a signal has been generated. These are in form of pop ups on the trader’s screen with the words “Trade Now”. Unlike auto trading where the system gets into trades without notifying the trader, here the trader, after receiving a particular signal, gets to choose whether to use the signal or wait for the next one.
An average of 100 signals per asset are generated every single day. Unfortunately, you have to be online or have your internet data turned on to receive the signals, which takes away some of the convenience. Nonetheless, the 100+ daily signals are pretty good and provide endless money making possibilities.
How successful is Signals 365?
Since its inception in late 2020, Signals 365 has provided thousands of traders with millions of trading signals. Fast forward to 2020 and unfortunately, the accuracy hasn’t changed much which explains why Signals 365 is not anywhere near our top 5 signal services. On the other hand, at least the signal quality hasn’t least bit deteriorated over the years. Basically, Signals 365’s trading signals are rated 67% accurate which means that if you put into action the 100 signals you receive in a day, 67 of them will get you ITM trades. Not bad, but still not the best.
Right now, the quality of the signals from most signal providers and auto traders average about 85%-87% which makes Signals 365 look like a cheap deal. However, the good thing about the site is that they are transparent about the accuracy, or rather the lack of accuracy of their signals. Also, the signals’ win-loss records are visible to all members for comparison and analysis purposes. You can compare the performance of the signals in recent times with that of the site’s earlier days or even between different times of the year.
Fortunately for traders into FX pairs, and unfortunately for those into other assets, Signals 365 only provides signals for trading currency pairs. And not just any pairs but 8 of the most popular, including EURGBP, EURUSD and GBPUSD. Notably, the signals
are tailored for the 5 minutes, 15 minutes and 30 minutes expiries. These are offered by almost all brokers, especially for trades involving currency pairs. As it stands, Signals 365 is doing well with only this kind of signals but it could be more profitable in the long run to also include signals for other assets. Maybe, just maybe, diversifying the asset index (and the time frames) could make up for the low accuracy.
First off, it is worth noting that you don’t have to download and/or install anything to access Signals 365. The site supports both computer and modern mobile devices with standard browsers and is accessible as long as one is connected to the Internet
through whatever means. On to the price front, Signals 365, for quite some time now, has been giving signals for free on the condition that you open an account with one of the brokers you will be linked to. This is a change from past times when a monthly subscription fee was required. Also, the brokers are all very credible and include renowned brands such as Banc de Binary, UBinary and StockPair which are all CySEC regulated. We don’t really know much about the signals but we can assure you that you won’t regret signing up
Final Thoughts: Is Signals 365 a scam?
Signals 365 is not a scam, far from it. Everything about the service is well laid out including the not-so-fine points like the accuracy level. This, if not anything else adds to the credibility of the site which, above everything else, is the major selling point of any
online service. The fact that the site partners with some legit brokers convinces us that it is worth our trust, and yours too.Finally, do we trust Signals 365? Absolutely.
There is no doubt that with the presence of so many scams in the auto trading scene, its popularity is fast fading. All eyes are now on trading signal providers which are seen as a better and less risky alternative to the downright shady auto traders. The best part about subscribing to a signal service rather than an auto trader is that you get to have a final say on what to trade, in which direction and the particular time frame to choose. Moreover, it is much easier to unsubscribe from a signal service than it is to split from an auto trader. Granted that signal providers charge subscription fees which auto trading sites don’t is most certainly not favorable to people who like freebies.
All that said, we are here to talk about one of the most popular signal providers right now, UpDown Signals. We dug deep and managed to collect all the information necessary to determine whether the service is trustworthy or belonged to the list of fraudulent services which are aplenty otherwise.Consider this as an integrity test or even better, as our very own version of a polygraph test, only that the subject was not directly questioned
What is UpDown Signals?
UpDown Signals is a signal service that sends out trading signals to traders for a monthly fee. The service has been in existence since early 2020 and has slowly climbed the ranks to become one of the go-to providers. UpDown Signals boasts
of a wide range of technical indicators and statistical tools that are instrumental in the generation of the signals. UpDown signals are 70% accurate which could go higher or lower depending on the market circumstances. However, it still remains significantly lower than what most signal providers’ usually offer. To state a few facts in case you aren’t already aware, the average ITM % among signal providers and auto traders is 86% and has been so for the longest time till date. Thus, the 70% that UpDown Signals offer isn’t highly impressive. As it is, it will take some exemplary customer care combined with unique features to put them ahead of the stiff competition. Unlike most providers, UpDown Signals does not send signals throughout the trading day – instead it sends signals only during a specific time frame. Also, the number of signals sent per day is extremely limited, usually 2-3 or even none depending on the market behavior. Basically, signals are sent out every morning from 11.28 am to 11.40 am EST. These signals are valid for only 3 hours after which you would have to wait till the next day. This means that you would have to place a trade by 14.40 pm – exactly 3 hours within receiving the signal. However, we recommend you trade earlier as the site says the signals work effectively for the 3-hours expiry. This expiry window is not common with most of the brokers and the most effective way to wrap trading is to avail the Option Builder which lets you determine your own expiry. Most brokers provide this option which is considered one of the most profitable albeit riskier. As a bonus, the site has recently added a new expiry period for which signals will be sent. This new 1-hour time frame is quite popular and commonly used.
Before delving deeper, we must admit that the limited amount of both the signals and the time within which they are sent comes across as huge disappointment. Considering the high subscription fee, this is definitely not a bang for your buck. We believe that a signal provider charging a subscription fee should give the best services to justify the charges; otherwise it is a rip off. We know of a lot of signal providers sending hundreds of signals all through the day for much lower costs. This gives traders the added convenience of trading whenever they want and having a variety of signals to choose from – something that UpDown Signals doesn’t offer.
How much does it cost?
As earlier mentioned, UpDown Signals is available on a trial week, monthly or quarterly subscription basis. For the trial week, which is basically for testing the credibility of the service, you will have to part with $25 – quite a significant
amount for an untested service. Monthly membership costs $97 and the charges are recurring i.e. it will be deducted from your credit card every month until you cancel the membership. There is also a quarterly plan that works out cheaper. This costs $197 for a period of 3 months which loosely translates to about $66 every month. All that for a service that is only available for 10 minutes a day. Really! The only advantage in the entire business with UpDown Signals is that you don’t have to deal with some crooked broker whose name you wouldn’t have known in nine lifetimes if you didn’t see it among the options provided. With UpDown, you simply get the signals and use them with your current broker. Just as it should be.
How are the signals sent?
UpDown Signals sends signal alerts like pretty much all signal providers via text and email. These are in form of ‘Up’ and ‘Down’ recommendations which indicate the best option to buy for the next 1 or 3 hour to hit the payouts.
In the end, the question on most people’s minds is whether UpDown Signals is trustworthy or if it is a scam. To answer that honestly, we don’t think UpDown Signals is fraudulent. Otherwise,
of the service, you will have to part with $25 – quite a significant it would have been closed way back in 2020. However, considering all the facts, we do feel that UpDown Signals has more of the ‘Down’ and very little of the ‘Up’. Though a decent choice, with the availability of better signal services with higher accuracy and relatively lower charges doesn’t play out in favor of UpDown Signals.
Algobit Signal Trading
It is not every time that we come across an auto trading algorithm owned by a broker which explains why Algobit caught our attention. As usual, we were curious to find out the inherent features of the software and whether it reaped substantial profits. To begin with, Algobit is an automated trading algorithm owned and operated by the brokerage firm Option Bit. From our knowledge about Option Bit, they’re actually one of the upright brokers so they are trusted to not be associated with a devious software.
As such, our expectations heading into the investigations was just to confirm what we already knew. In a nutshell, Option Bit developed Algobit to help traders predict market movements and in-turn increase their trading profits. The algorithm continually collects and analyzes price movements and the overall sentiments of stakeholders in financial markets to generate signals. These signals are then either automatically used by the system to place trades or if the auto trading option is not selected, sent to the trader through the usual means – text, email etc.
As mentioned earlier, Algobit encompasses a number of algorithms which simultaneously analyze large amounts of data including technical charts and graphs, and tracks price movements over similar periods. Then, using its in-built AI in addition to a number of technical indicators, the system is able to predict future price action. Although still unconfirmed, the Algobit is said to have 81% accuracy on all trades – slightly lower than what we are used to. Alerts are sent to traders as soon as the signal are generated and they can either decide to go ahead and place trades as suggested or wait for the next batch of signals. However, for those in the Auto Trade mode, the system performs all actions for the trader without necessarily sending alerts or other communication.
Basically, Algobit deals with all the assets offered by Option Bit including s variety of stocks, commodities, indices and FX pairs. Traders can utilize the settings option to choose which assets are to be used to receive signals. Other options include the maximum number of trades that can be placed in a day, the amount to be invested in each, and the maximum number of trades that can be placed simultaneously. Such settings are meant to give traders more control over the bots essentially for better bankroll management. It is often advisable to start slowly by investing low amounts per trade until you get a good grip on the system’s working and are satisfied with the accuracy. Needless to say, trading that way will mean lower profits which is quite sensible considering that potential losses per trade are even lower.
To mention the expiry periodssupported, there are both short-term and long-term options. The short term options include 30 seconds, 1 minute and 5 minutes. The long-term ones range from 15 minutes to end of trading day. Essentially, you get to choose the expiry periods in the settings. It is worth noting that each type of asset is better traded with particular expiry lengths. For instance, for better results in trading currency pairs, short term expiries would be the way to go.
Getting started on the site doesn’t take that much time and involves only providing personal details like email address and phone number. The next step is opening and funding your broker account. To do this, you have to open an account with a broker first. In this case, Option Bit is the only broker available which is not really a surprise as Algobit is their own proprietary auto trader. The minimum amount you can deposit to start trading is $200 which is quite low and affordable. After that, you simply choose your mode of trading and get it on. If you prefer the system to do everything for you, merely click on the Auto Trading option while on the broker site; your Algobit account will be automatically linked and trading will commence whenever you’re ready. For manual trading, you won’t have to select any option specifically as it is always the default setting. Nevertheless, you will receive alerts on your phone or email whenever a signal is out.
Opening an Algobit account won’t cost you anything extra apart from the deposit you have to make with Option Bit. The site’s owners, who also own the brokerage firm, make their profits whenever you lose, and even when you win since the payouts are never 100%. It would therefore not have made any sense to levy subscription fees on the software. Moreover, you can send money to your trading account using a number of channels including credit card, e-wallet and bank wire transfer. However, while doing that, remember to follow the basic financial safety guidelines – which include not giving out all the digits on your credit or debit card unless you want to have a first-hand experience with fraud.
Having said that Option Bit is the only broker available to trade with using Algobit signals, we must say that it is quite a credible broker. For one, Option Bit has been around since 2020 which shows that their clients are satisfied with and services. Second, the broker is CySEC-regulated which is usually a mark of conformance with the set financial standards. That Algobit is affiliated with a broker licensed by CySEC and with a great track record which confirms that it is a legit software.
To further prove that Option Bit’s technical experts did a great job developing Algobit, the site displays some accolades won over the years. These are the Best Auto Trader and Best Innovative Technology Awards, both won in 2020 at the annual Financial Innovation Awards (FIA).
After carrying out intensive research on Algobit and its associate broker, we can conclude that although it is not the best auto trader, its performance, and basically everything else about it is satisfactory. We didn’t find any negative reviews on the system and neither did we come across anything that to suggest that it is fraudulent.
2020 Best Broker
2020 Best Robot
Best Binary Options Signals Provider List (Free & Paid) – Binoption
Binary Options signals are a major requirement for traders to take trading decisions. The signal industry is large and booming one.
There are countless signal providers out there, so it becomes really difficult as a trader to make a choice. For newbie traders, this task can be quite intimidating, but these trading signals are beneficial for them.
Trader’s dependency on binary signals is also high. It is because these trading signals can transform an average trader to a great one.
For those looking to make money without the arduous task of mastering, trading can avail these signal services. You have to keep in mind that every binary trading signal is unique in its way.
The signals that you use must correspond with your trading strategy . If you have started getting worried and confused regarding what the best binary options signals are and which ones are profitable, we can assure you.
Our signals section will provide you with the most reliable and best binary options signal providers. Here, we will have free binary signals as well as paid ones. You will know the pros and cons of each product in our reviews.
We will also cover the basics of trading signals. Moreover, you will learn why binary trading signals are required and how to use them.
Without further ado, let’s begin with the definition of trading signals.
Binary Options Signals List & Comparison
Signal Name Price Accuracy Delivery Type Rating $97/biweekly 85% Web Free AccountRead Review $79/Month 90% E-mail & Text Free AccountRead Review Free and Paid 85% Telegram & Web Free AccountRead Review Free and Paid 75% Telegram & Email Free AccountRead Review $299 75% Web
What Are Trading Signals?- Binary Signals
To explain in simple terms, signals are trading order/recommendation/suggestion that provides certain trading information. They can either be provided by a trading analyst or it can be generated automatically.
These signal providers perform all the required technical, fundamental, economic analysis, and find the most suitable asset to trade at a certain time. At the same time, they do all the necessary hard work to execute a profitable trade.
Their team consists of trading analysts and experts who have years of trading experience under their belt.
Along with the signals, some of the better signals provides also trading tips and in-depth analysis as to why a certain trade is to be performed. All of this saves a lot of time and effort of traders, who can trade confidently and quickly using these signals.
The information that is contained in a signal includes:
- When to enter a trade and when to exit.
- Trade duration
- What asset to trade and in what price point.
- Stop loss and take profit values
- Other risk management indicators.
At a time, you may receive multiple signals depending on the market conditions.
So, the question is that is there any differences between binary options signals and trading signals?
Yes, there is a little difference between these two terms. Trading signals only indicates all signals of different trading types. Binary signals are nothing but signals which are generated for binary options trading.
You can trade binary options on a wide range of trading instruments including Forex, Crypto, CFDs, Indices, Stocks, etc.
In binary trading, you have to guess whether the price of an asset will go up or down, within the expiry time. The price point, where you place your trade is known as the strike price.
On the other hand, the trade duration in binary options lasts anywhere from a minute to one month. As you can see, with this variety in trading assets and limited time-frames, it becomes difficult to make a choice.
So your first challenge is to choose a trading asset. Most trading platforms offer hundreds of trading assets nowadays. Hence, it becomes quite difficult to select your preferred asset.
Next, you have to open your position by either buying a put option or selling a call option. You cannot simply guess binary options trading. Winning a trade involves careful planning and analysis.
You have to perform all sorts of analysis, which is time-consuming. Binary Options signal providers aim to ease out this process by eliminating all these tasks for you.
All you have to do is follow the signal and execute your trade according to it.
Whether you win a trade or not, it depends on the success rate of that signal provider. However, you are not obliged to follow the signal.
If you believe that a particular signal may not be profitable for you or if you feel you can come up with a better strategy, then you can feel to do so.
Let’s look at the different types of binary signal providers.
List of the 11 Best Binary Options Brokers – Review 2020
The choice of a good Broker is undeniably one of the hardest steps to successfully trade as a beginner. My Binary Options Broker list and comparison can be very helpful here because the selection of brokers on the internet is quite large and therefore the chance to find a good broker. Find your suitable broker in a few moments in this honest review.
Broker: Review: Regulation: Min. Deposit: Yield: Advantages: Open Account: 1. IQ Option (5 / 5)
CySEC (EU) 10$ up to 100%+
Highest Yield 100%+
2. Olymp Trade (4.8 / 5)
IFC 10$ 92%+
Huge range of assets
High Yield 92%
3. Expert Option (4.8 / 5)
VFSC, FMRRC 50$ 90%+
4. Binary.com (4.8 / 5)
MGA, FSC, VFSC 5$ up to 100%+
5. Binomo (4.7 / 5)
IFC 10$ 87%+
High Yield 87%
6. Finmax (4.6 / 5)
FMRRC 250$ 70 – 90%
7. BinaryCent (4.3 / 5)
✘ 250$ 80 – 95%+
High Yield 95%
Trade with cents
8. Binarium (4.1 / 5)
✘ 10$ 70 – 85%+
Huge range of assets
9. Pocket Option (4 / 5)
FMRRC 50$ 80 – 90%+
10. RaceOption (4 / 5)
✘ 250$ 70 – 90%
11. Ayrex (4 / 5)
✘ 5$ 70 – 85%
Binary Options is a financial instrument to trade worldwide assets with the possibility of a high return on investment. It is like betting on rising or falling markets. There are only 2 options, that is why it is called “binary”. You can win a high return of 75 – 95% in a selected time horizon or you lose the amount of your investment. It is so popular because it is a way to trade the markets very fast (5 minutes or less) and easy. I have to mention here you can trade it longterm too.
For more information about the financial product and how it works read the article: “How are Binary Options are working?”
The criteria of the Binary Option Broker Review 2020
If you looking for a good broker, you should following the next steps when you check the company. Sometimes traders get scammed by a bad and criminal broker. With this review and comparison, we try to prevent it. Furthermore, Binary Options are very risky. You only should invest money, which you can afford to lose. You can check the following criteria for finding the best company.
Criteria for a good and reliable Binary Options Broker:
- The official physical address of the broker
- Regulation or license
- Free Demo Account
- Experience in the markets
- Good support and service
- High asset profit and fast execution
- User-friendly trading platform
- A platform for mobile trading
Reliability of a broker and safety for traders
It is important to look at how long the broker has been on the market. I easy checked it on the homepage from the financial companies. A good broker provides you with all the information which you want to know. Some companies got an international regulation or license. Also, this is good for reliability. In addition to that, I checked the address of the brokers in this review. As a trader, you want to see clearly an official address of the company. At latest a trader should trust a broker. If you are not sure, just invest a less amount of money first and check the platform by yourself.
Official regulation and license are very important
High payout and asset return of investment for Binary Options
One of the most important point to consider is the asset profit. The average of the payout in this review is 75-95% for each Binary Options trade. There are differences between the brokers. Every trader wants to make a high profit in trading. If one broker got less asset profit like – 5%, this can be a huge restriction to you possible profits.
Moreover, every time the payout depends on the traded asset. Normally the broker provides the highest payout on the most traded asset. In addition, the payout can dependent on the expiration time too.
Which broker provides the highest profit?
Free and unlimited Demo Accounts are necessary for every trader
The broker should provide you with a free demo account. This is an account with virtual money. It is made to practice the financial product and to test the trading platform. You can trade Binary Options without any risk with this virtual money. It is completely free to use. Also, traders can develop new strategies or improve their trading skills. Advanced traders or beginners try to trade new assets for the best success with this account.
Open your free demo account now.
On the other hand, sometimes the broker gives its traders trading tips for analysis or strategies. The demo account is perfect for practicing that new knowledge. Trading is very complex and often it is not easy to find the right way. This is the main reason for using a demo account. Most traders gain experience first before they invest real money. With own experience, it is possible to get a high profit with trading in the right direction.
How to open your real account
The opening of a real account should be as easy as the opening of a demo account. In most cases, it is very easy and fast. The broker requires some additional documents and data of the trader to proof their personality. Upload a picture/copy of your passport. Sometimes they require a utility bill. The broker will check the documents and verify your account in less than 24 hours. Important information: The broker only withdraws full verified accounts. (Not every broker requires this documents)
What do you need:
- Data: Full name, address, birthday, phone number
- Picture/copy of your passport
- Sometimes picture/copy of a utility bill
Review of the Binary Options Brokers support and Service for traders
As a trader, you need good support and service. Most brokers are showing experience and knowledge in Binary Options. The Binary Options Brokers in this review give you the best and fastest support. According to that, they give traders sometimes a good education with webinars, videos or strategies. For beginners, it is important to learn theoretically about Binary Options. It is a risky financial product.
You can learn the basics and advanced trading knowledge in webinars with experts. The most brokers first show you the basics like functions of candlesticks and the use of technical indicators. Usually, a trading platform offers more than 30 different indicators. Sometimes it is hard to find a good working strategy with them. In addition, they give you some advanced knowledge and information to rule the markets. Most brokers offer you a better education if your deposit is higher (see account types).
Another option of service is account types. For big traders with high deposits and high trading volume, some brokers offer different account types. As a trader, you can get great advantages. They offer you higher yields, better support, bonus or a cashback program. This is a way to get more profit in trading. For example, the broker offers you a higher asset profit of 5%. That can be very helpful.
The companies in this review offer you:
- Chat support
- Telephone support
- Email support
- Education centers
- Webinars, videos, strategies
- Account types
- Account managers
Diversity of assets and test of the Binary Options trading platform
I tested the trading platforms of the Binary Options Broker Review. In conclusion, they are very good and innovative. They give you a very good reaction rate which is important for short-term trading. You can use them for your computer or as an app for your mobile phone. In addition to that, they are very flexible and customizable. Use different indicators for the best strategies. As you see in the picture below I am using Bollinger Bands and the RSI. They are very popular.
First of all the trading dashboard is the most important point of the trading platform. You should be able to switch very fast between different expiry times and create new trades. Some strategies are designed to have multiple trades open at the same time. The brokers in my review provide you the fastest execution time. Secondly social trading very popular. In some trading platforms, you can copy the best traders of the broker and make an automatic profit. They show you transparently what they are trading and you can start copying them.
Another important point is the flexibility of the platform. An app should be available for mobile trading. On most platforms, you can customize the chart very easy. Thanks to the digitization, platforms are getting better and the brokers always try to improve them. Use free indicators and technical tools for your analysis. Moreover, you can use the newsfeed to trade exactly high volatility. Market news occurs every day – Why not use them to make money?
Facts of the Broker Review:
- Fast execution for your trades
- Use indicators and more
- Apps for mobile phone
- More than 50 different assets
On the most trading platforms, you can trade Binary Options with forex, stocks, cryptos, and commodities. There is a big diversity of assets for you. The yields depend on the category of the asset. More often than not the most traded asset gives you the highest yield. You can easily see that on the platform.
Weekend Trading (OTC) and Cryptocurrencies (Bitcoin and more)
Each broker in this list provides the service to trade on the weekend. The platforms are open 24/7. Weekend trading is allowed and advocated. On the weekend you can trade Cryptocurrencies like Bitcoin, Ethereum, Ripple and Forex OTC charts. Cryptocurrencies are traded decentralized and the stock market is open 24/7 for them.
Especially attention should be paid to the OTC Forex charts. Normally the stock exchanges are closed on the weekend but the international internal bank market is working. The volatility is much less than in the normal working days Monday – Friday.
The first steps for your Binary Options success:
- Learn the Binary Options basics. Information for trading Binary is available at the broker platform or the internet. For questions, there are certain forums available.
- Develop a successful strategy. Most brokers will help you to find a way to trade successfully.
- Use the Demo account. It is an account with virtual money. So you trade without risk the markets.
You should ask yourself these questions:
- What do I want to achieve with the trading of Binary Options?
- How much I want to invest?
- Where, on which market I want to trade?
- How do I react to losses?
- What are the chances of winning?
Deposit and withdrawal by a Binary Options Broker
Nowadays the deposit is easy like the withdrawal. Most brokers only need a small amount of money to open your real account and give you access to the market. Capitalize your account in few seconds with a credit card, bank wire, cryptocurrencies or other e-wallets. Today it is very simple. The withdrawal systems are working very good too. Sometimes it is fully automatic. Most companies payout in less than 24 hours. In addition in a lot of cases, there are not any fees for you. Another important fact is brokers only withdrawal verified accounts. So get your account full verified with the right documents as mentioned before.
Bonus Programs and conditions for traders
Bonuses are very popular in the section of Binary Options Brokers. Most companies offer a deposit or a no-deposit bonus. There are a huge diversity of promotions for traders. Mostly the bonus depends on the deposit amount or you can choose it manually. For example, some brokers offer a bonus of more than 200%.
It is a good way to top up your trading account balance and earn more money. You can trade with more risk and grow faster your account, but you should not forget the bonus conditions. Every time there are requirements for the bonus. For example, you do a deposit of 5000$ to your broker and trade with sensible money management of 1% of the account balance per trade. That means you invest 50$. Now you activate a bonus of 100% and additionally you get extra 5000$ and your account balance is 10.000$ now. At the moment you can trade with sensible money management with an amount of 100$ per trade. That sounds good and you grow your account faster as without bonus.
The deposit bonus is a good way to increase your account balance and to trader with more risk.
As mentioned before there are conditions of the bonus. Simply there is the requirement of turnover of the bonus amount. Sometimes you have to do a turnover of x20 and sometimes you have to do a turnover x50. It is important to read the bonus requirements. If you got any questions, you can ask the support. In most cases, you will see the requirements transparent on the platform.
- Deposit bonus: Get additional money to your account balance.
- No deposit bonus: You will get a small amount of money for free, but you have to do a huge turnover before you can payout the profit.
Welcome Bonus for beginners
The no deposit bonus is named welcome bonus. There are different ways to get a welcome bonus. One way is to win a free demo contest (read more below) without any risk. You compete to other traders on the platform. The rules are easy to understand: Just try to get the highest account balance versus your competitors. If you win, the broker pays a high prize. It is like a welcome bonus because you do not invest real money.
On the other hand, as mentioned before the no deposit bonus is like a welcome bonus. There are a few brokers who offer this bonus. Just create your real account and activate the welcome bonus. The company gifts you any amount of money to your account balance but you can not withdraw the money. You have to do a high turnover of the welcome bonus like 30x or 40x. Recommend broker for a welcome bonus is Pocket Option.
Binary Options Tournaments
In addition, most brokers offer tournaments or demo contests for beginners and advanced traders. You must pay a fee to participate in a contest with a huge prize fund. The rules are very simple: You get a separated demo account where you have to get the biggest balance as possible. You will compete against other traders of the broker. Sometimes there is a prize fund of 100.000$ or more. Furthermore, it is not easy to win the contest because there are a lot of competitors.
The demo contest is a tournament without participation fee. That meant that the prize fund is much smaller than the paid tournaments. But it is a good way to earn money with a small amount of money (participation fee). If you are a successful trader, you can easily win these contests.
Countries for traders
Binary Options are not allowed in every country of the world. In addition, some countries forbid trades to use foreign brokers. Most brokers accept international traders, but there are restrictions for forbidden countries. You can not generalize it because the broker decides which customer he accepts.
Nowadays Binary Options become more and more popular for traders. It is a simple and efficient financial product. It is possible to generate a high payout in a short time horizon. Asian and Africa are growing very fast and people like the function of trading. The brokers in this review try to improve their service in this region of the world because the demand is very high. They improve their customer support with different languages and other services.
The fastest growing countries:
Are Binary Options legal?
Sometimes there are some restrictions to this financial product that depends on a particular country. Personally, I only know one area where Binary Options are forbidden. It is the European Union but some offshore and international brokers accept EU traders. It is like gambling on rising or falling markets and easy to understand. The EU tries to protect its citizens because there are a lot of scam brokers. To prevent a scam, use the best brokers of this review.
Find the best Binary Options Broker 2020 – Conclusion of my review
On this site, I showed you the idea of finding a reliable Binary Options Broker. In the list, you see the best companies in 2020. For successful trading a good broker is necessary. The company should allow you your own strategy of trading and give you good support and service. On most platforms, you can learn via education videos how Binary Options are working.
Also important is the execution of your trades. It should be very fast and with no delay. Usually, every broker does that. Nowadays as a trader, you can start with a small amount of money to trade Binary Options (10$ or less). It is possible to turn it in a high amount with the right strategy. In conclusion on this site, you can find the best and proofed Binay Options Brokers 2020.
Read more about them in my reviews:
I recommend this article if you can not choose between the most known brokers: “IQ Option vs. Olymp Trade vs. Binomo”Best Binary Options Brokers 2020:
Best Choice For Beginners!
Free Trading Education!
Free Demo Account!
Big Sign-up Bonus!
Perfect For Experienced Traders!