Scam Trading Robots
WARNING: Many bad trading systems promise you will make millions, but are really fake, read here.
The most popular automated trading system is at: BlackBoxRobot.com.
ZoomTrader uses the Tradologic binary options trading platform which offers Digital, Turbo, Touch Up/Down, One Touch and Range Options. They offer 80% returns on $EURUSD binary options and they have hourly bitcoin options with returns of 67%.
The range options they offer are a fun way to trade around economic announcements when volatility increases, see here. Traders need to be mindful of the spreads when trading range options.
ZoomTrader is popular with binary options traders in Germany and Spain. Their trading platform is available in many languages including: Deutsch, Français, Português, Español, Русский, العربية, Türkçe, 中文, Dutch and of course English. The minimum deposit for a new account is $250. The minimum trade size is $10 and the maximum trade size is $4,000. They offer over 65 assets for trading on.
VIP Traders can receive trading signals. It is always worth asking the broker for VIP treatment even if you don’t have a VIP account. They sometimes will say yes!
When we review a binary option brokers to determine if they are a legitimate broker or a scam broker it is simple. Did a regulator body like CySEC in Cyprus give them a license and do they fall under the MIFId regulatory rules in the European Union (EU)?
Traders outside the European Union will be trading with a different company called Capital Force ltd., which is not a licensed broker, rather they are based in the Republic of Samoa.
You can find an updated list of licensed brokers here.