Welcome to Binary Options Robots UK – We are your #1 guide to binary options trading, brokers and robots. Take a look at the best UK binary options brokers and trading robots below.
Best UK Binary Options Robot
There are several binary options robots out there, but not all of the work as advertised. Here are the best binary auto trading software that we have tested:
|Rank||Robot||Min. Deposit||Avg. Accuracy||Features||Review|
|$200||83%||+ FREE ROBOT|
OptionRobot is simply the best binary option robot. The software is free, if you sign up through one of their recommended binary options brokers. The average success rate is above 80%.
Best UK Binary Options Brokers
|Rank||Broker||Min. Deposit||Max Returns||Features||Review|
|$250||88%||+ DEPOSIT BONUS|
|$10||85%||+ DEMO ACCOUNT|
|$250||83%||+ 3 FREE TRADES|
What is Automated Binary Options Trading?
Let’s take a look at the traditional way of engaging in this form of trading. First, you decide on the asset you would like to trade with. Then you find a broker that deals with such an asset class. After this, you look at the conditions that are ideal for your type of trade and then you place the trade.
With automated binary options trading, you no longer have to make such an effort. This is because the software places the trades for you. This can either be with little or no input from you. You may be wondering how this happens.
Well, this takes place through a binary options robot. While they are termed ‘robots’ the real definition of such an entity is a computer program. These programs take over your account and place trades for you.
How Does This Work?
Think of what happens before you place a trade. You don’t make a prediction based on a gut feeling. Instead, you look at market analysis, past situations, and many other factors. The final decision that you make is based on all of this valid data. This is how a binary options robot functions as well. The program analyses the market conditions and determines whether or not it is a profitable opportunity. If the program determines that it is, it will place the trade.
Of course, there are certain restrictions that you can place on your binary options robot. For instance, you will be able to decide just how much money will be placed on each trade. You will also have a say in what assets are invested in as well as some other aspects. Therefore, you can ensure that the robot operates within boundaries that you feel comfortable with.
What Are the Advantages of Binary Options Robots?
There are many traders who prefer to engage in binary options trading the old fashioned way. Nonetheless, there are many advantages to using binary options robots. For instance, they tend to a lot more precise in analyzing and executing trades. Unlike with people, there is no chance of human error occurring. This is especially true in the case of hunches or gut feelings. A robot has none of these and only follows the facts and trends.
It is also a good choice for a trader who is quite new to binary options trading and is still learning strategies and key information. This method will allow such an individual to begin making a profit even in the early stages of trading. Last but not least, with a binary options robot, traders have a much larger opportunity to make money. They can deal with markets that are based in a different time zone and ensure that trades are being placed even when they are not around a digital device.
This is some of the more important information that you should be aware of regarding binary options robots.
It is easy to be preoccupied, maybe a shade obsessed, about defining and fine-tuning a rock solid trading strategy that rakes in consistent profits.
Too easy in fact, that you may just as easily lose sight of one important variable in the ‘binary options success’ equation—a reputable binary options broker that is right for you.
The key phrase is “right for you.” Numerous reputable brokers abound that may not offer a favorable environment for you to achieve success. For example, a reputable broker may not accept new clients from your country, and not lose one ounce of their reputation.
In the next section, we discuss the most important factors to look out for when making a choice.
How To Choose A UK Binary Options Broker
1. Country Support
It is a no-brainer. If a broker does not allow prospects from your country to open an account, all of the goodies offered by the broker are off-limits to you.
Typically, U.S. traders are the primary target of the advice to check for country support before exploring other offerings from a broker—most reputable binary options brokers do not accept U.S. traders.
However, the advice is useful for a rising number of nationals. Binary Options Brokers are increasingly closing their doors to traders from Japan, Indonesia, Turkey et cetera, chiefly because of recent laws.
2. Trading Options
- Types of UK Binary Options: The most familiar form of binary options is deciding if an asset would or would not reach and/or cross a specified price after a set period. Investors/Brokers use different terms to describe this form—Call/Put Option, Up/Down Option, or Digital Option.Other types of Options exist. Two other popular types are the [One] Touch Option and the Boundary/Range Option. Different traders swear by different forms of options. Unfortunately, brokers are often selective of the types they offer. Therefore, if you are fond of a not-too-popular form of Option, you should ensure that the broker you plan to open an account with offers it.
- Expiry Times:All binary option forms revolve around expiry times. It is important that expiry times are extensive. Some traders are more into long-term options (up to one month or more), while others prefer short-term options (as low as 60 seconds). You should find out the range of expiry times available to confirm that your preferred expiry time is within the supported range.
- Assets: The number and variety of assets supported by brokers are increasing by the day. Some brokers already support over 200 assets, while some support less than 100 assets. Assets often fall into either of four categories—currencies, stocks, indices, and commodities. If you have a preferred asset type that is crucial to your strategy, you should ensure that your broker supports it. Typically, brokers maintain an “Assets” page on their website with a list of supported assets. Unfortunately, these assets are not often up to date, as assets are added frequently. Your best bet is to contact the customer service for accurate information.
3. Binary Option Robot Support
If you plan on using a binary options trading robot, then you will have to find a broker that is compatible with such a broker. The easiest way is to sign up with one of the binary options robots recommended on this page. Most auto trading software are free to use if you sign up via a broker they recommend.
Technology and its progress has an impact on many different financial processes and trading. Well, binary options trading is no different. Due to the innovations in technology, more and more processes are becoming automated.
This means that computer programs are now able to do what was once only possible by humans. This has now been introduced into the world of binary options trading as well. This is with automated binary options trading and binary options robots.
Why not start today? Check out OptionRobot to get started.