We have been receiving several enquiries regarding our opinion on Optirobot from our readers. Please find below our honest review on optirobot, an auto trading software provided by OptiExpert.com and using the SpotOption trading platform.
With a large number of binary options trading robots coming online these last few years, one ongoing concern which many people have is the legitimacy of these robots. Like any other form of investment, it is highly recommended to anyone planning to open a trading account with any trading robot to check the reliability, security and safety of its operations. A lot of trading robot scams have been identified recently and retail investors should remain aware that it is not possible to make millions without risk and without efforts. It is easy to identify much of these scams, most of the time they advertise unachievable performances and try to present their strategy as a risk free investment. Please remember that such thing DOES NOT exist.
Presentation of Optirobot
Optirobot is a new French auto trading software that helps new traders earn money by implementing automatic trading strategies based on technical indicators, also called trading signals. Signals are generated by robots using algorithms that are able to identify these trading signals and open binary option positions accordingly. First, Optirobot is advertising reasonable performances on his website, which is a first good point for the broker. With monthly performances ranging from -10% to +20% over the last twelve months, Optirobot information seems plausible and realistic. Optirobot does not claim 100% success rate as most of scam auto trading software usually do.
Optirobot is showing some interesting functionalities compared to most trading robots. The algorithm can trade to up to 8 assets as the same time enabling relative performance strategies (also called long-short strategies). You can select the maximum number of trades you want to execute per day and thus only give priority to the most important signals. Another interesting feature offered by Optirobot is that you can switch to a manual trading mode in which you can decide which signal to trade in real time. We believe this kind of functionality is really interesting as it will gradually teach you how to identify signals and force you to learn about financial markets. As you already know, we never recommend new investors to use fully automatic trading robots; we believe binary options trading is a professional activity that requires experience and individual convictions.
Nevertless, according to our review and feedback from clients, Optirobot is a safe and reliable trading software that can generate 6% monthly on average and proposes a free trial for an interesting period of 60 days. After this trial period, you will have to buy the full version which starts from 199€ per month. This might deter a lot of clients as you ll need to invest a lot of capital to be able to cover this pretty expensive monthly cost. If you want to learn binary options trading by yourself at zero cost, you can still open a trading account with one of our recommend binary options brokers. For more information, don’t hesitate to have a look at our detailed review of OptionTime, 24Option, Anyoption and TopOption.