Option Robot Review, SCAM or Legit Cash Machine?

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Option Robot Review, SCAM or Legit Cash Machine?

Posted on by Dan Wright

There has been much talk about Option Robot (optionrobot.com) and a ton of scam reviews with diverging opinions, however most industry-leading sites have chosen to endorse this app and we believe with good reason. After a close examination of the facts we have also chosen not to blacklist this auto-trader and actually recommend it to our viewers and members. Naturally, we will explain why and how we reached our conclusions. Our investigation was initially prompted after receiving a few requests to conduct a full review and investigation of this software and trading app, and needless to say we decided it was time to rise to the challenge and see if this system is really a scam or a legit, trustworthy, and genuine auto-trader.

It’s worth noting that while conducting our review we immediately noticed a few distinguishing factors. The first has to do with the fact that the system does away with the usual hyped up or exaggerated claims. No one is going to tell you you are about to make a million dollars on auto-pilot during the next 30 days. Secondly, this is not the run-of-the-mill a “get-rich-quick” affiliate scheme. This system is strictly designed for binary options traders looking for a tried and tested automated trading solution. Additionally, we noticed day traders are very much empowered by being given the ability to manage risk and control their investment. The last and most interesting feature we noticed is the ability to choose a trading strategy, and we will talk about all of these options as we dig in deeper and explore how this new trading robot works and who is the driving force behind it. Keep reading our revealing review to see how we reached our conclusions and why we believe Option Robot is a scam-free trading system.

Official Website, Login Page, and Members Area:  http://www.optionrobot.com

UPDATE: Due to regulatory considerations as well as growing complaints  we are no longer offering any systems which integrate with binary options brokers. Our best alternative is a Bitcoin Automated Trading solution (AKA Bitcoin Robot) which is integrated with Forex brokers.  We have found  this solution to be the most profitable. 

What is Option Robot and Does It Really Work?
Option Robot is the generic name for a trading technology designed with the intent of generating profits consistently for its members. It differs from about 98% of other systems for a variety of reasons, first and foremost because of the reasons mentioned in the opening paragraph, but even more so because it also employs various other features that have caused us to actually endorse it. For example, this system offers a demo trading account and this is something which we don’t see very often. There are also additional features that set it apart from other apps, and we will discuss all of these in detail in the section below.

Transparency: A quick glance reveals the story. These guys are very open about what brokers they are using and proudly display them in their “compatible broker” section. A further look reveals each broker has a review associated to it. This is not something we are accustomed to seeing anywhere and is very much appreciated.

Built In Strategies: These are indicators that trade according to a set criteria. For example STOCH is a stochastic momentum indicator which follows the speed or the momentum of price. MACD is a moving average indicator which lets you pick trades automatically according to updated market rates. Other indicators include CCI, Classic, Martingale, Fibonacci, Williams, RSI, and trend. All of these are designed to offer you a different strategy and alternate based on how much you wish to risk your money.

Robot Assets (Partial List):  EUR/GBP, EUR/USD, USD/CAD, USD/JPY,EUR/JPY, GBP/USD, USD/CHF, and AUD/USD.

Expiry Times: You can choose 60 seconds, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 60 minutes, as well as long term contracts.

Minimum Trade Amount: $5, and that is very comforting especially for new and inexperienced traders who wish to start off risking small amounts.

Simultaneous Trading: You can take multiple trades at the same time. In fact, if you choose the auto-trade option the system will do it for you and that is a guaranteed fact.

Trading Environment
The Option Robot trading environment is probably one of the most professional, intuitive, and user friendly in the business. The image below provides an illustration of how the software performs in real life on demo mode.

We can clearly see the trading panel is divided into open trades as well as recent trades that have already expired in or out of the money.

Option Robot Software Review (Not to be confused with “Binary Option Robot”)
In essence we have surveyed the technical, operational, and professional aspects of this trading app. Here are some of the things we did NOT find: Hyped-up or exaggerated claims, inflated bank accounts, fake testimonials, outrageous lies and fabrications. After investing our own money we quickly figured out that this bot performs on a completely different level. We did hear one complaint which was unverified, and 5 customers who told us they were happy with the accuracy levels and performance of the system. The navigation and transition from one section to another was super-easy, and the customer service was responsive on chat as well as email.

I Got Scammed Before – How’s This System Different?
Well, as mentioned previously we are not dealing with the usual get-rich-quick scheme. We know those video testimonials and promises of easy money at the click of a mouse can be very persuasive, but in reality these are all scams designed to deceive and mislead you. We know that many of you have had the misfortune of getting scammed and having your money stolen, so we have taken measures and are now in constant contact with the brokers who have provided us with written assurances and a solid commitment to act professionally and provide a professional and honest service.

Fees and Pricing
No one said it was going to be free, so make sure to get at least $250 ready and if you could do $500 its even better so you can have a bigger balance and execute more sizable trades (however this is not required).

Trending Viral Scams to Avoid
The ones to watch out for are Vena System and Rubix Project.

Signals Versus Trading Robots
If you already have an account with Option Robot we have other options for you. We know that it can be a hard decision and that’s why we have done all the research so you don’t have to. The recommended section showcases the best and most consistent money-making machines. These are all presented to you in a very transparent and easy to understand way.

recommended systems2

Review Summary and Conclusions
The Option Robot (optionrobot.com) software has been tested by our staff and underwent a rigorous evaluation process. In our fair and impartial review we have found it to be scam-free and have chosen not to blacklist it for a variety of reasons we have previously pointed out. We understand that many of you may be hesitant or not quite sure about how to proceed but we have done everything in our power to check and make sure this system is a legit and genuine trading app, however all trading involves some degree of risk and you should know that nothing is guaranteed. It goes without saying that we reserve the right to change or amend our initial findings based on feedback we receive from our members and subscribers. As is the case whenever we endorse an app we took extra-special measures and have in our possession a signed letter of compliance from the owners of this system whom we communicated with directly. If they fail to meet our standards or for some reason we start getting complaints, we will take necessary action and expose them immediately. Additionally, make sure not to confuse this software with Binary Options Robot. Don’t forget to join our  Facebook Page and YouTube channel and get informed.

  • Hi Dafz,

    This is an aggregated data feed – quite simple. It just gathers information from various sources such as MT4 and various platforms and displays it.

    Thanks,
    Pat

  • Iwan Vreij

    Hi, I’m a newbie with binary options and according to what I’ve read on binaryscamalerts it seems like optionrobot is one of the best options for automated trading. I’m not sure which broker to choose from in conjunction with the robot…any suggestion which would be the best option?

    • Hi Iwan. Generally we recommend regulated brokers. Which one is not that important as long as its licensed. Txs Pat

      • Iwan Vreij

        Hi Pat, thanks for the advice. In that case I will try either Opteck or 24option…think I will go with Opteck

  • Michael

    Would you recommend Option Robot or Binary Option Robot for an initial Deposit of £250?

    I’m looking for something that has a higher success rate. I’m not sure which one to go with

    • Hi Michael. The recommended section above lists only one. Feel free to check it out we also have a detailed option robot review. Ty. Pat

  • Ed

    Hi! I’m a UK resident; I opened a demo account for ‘optionrobot’ on Friday evening. Usually I am unable to make trades after 10pm as the market is closed. However, the option robot was still opening trades at 22:48. Is this correct? Thanks for the help!

    • Hi Ed.
      Some markets are still open during these hours so yes its possible.
      Ty
      Pat

  • Joanna Abbott

    Hello, I’m about to open a demo account with Option Robot, but am already stumped – what should I be choosing from the drop down list of 24Option, Binary Online, etc? Cheers!

    • Hi Joanna,
      For the UK 24Option is best option for sure. Thanks, Pat

      • Joanna Abbott

        Okay many thanks for your help – am a bit dubious in all honesty about these binary websites – do people generally win more than that lose??

        • There is no one right answer – however Option Robot is the one which has the best track record so we endorse it.

  • George

    I am from Czech Republic does it work here? or shall I use diferent?

  • Don

    Hi Pat, I am thinking of trying optionrobot as one of your recommended bots. Who would you recommend as a broker in the UAE? Cheers

    • Hi Don.
      Its best to contact the service rep on the chat. They change all the time. Ty Pat

  • No – it does not

  • Hi Andrew, we have not conducted a full review about Black Box Robot as of yet. For the time being there is not much interest in it and we didn’t hear about this robot scamming people. If we do we will be sure to expose it.

  • Hi Oscar, if you are not able to access the software due to your geographic location please let us know

  • Jarod Lim

    Hi Patrick,
    I’m from Malaysia and I’ve been reading articles here at binaryscamalerts. So are the 2 trading robots listed work internationally? And why is it that Australia is excluded from using OptionRobot? Thanks!

    • Hi Jarod,

      Yes we have more than two but Australia is excluded from Option Robot due to regulatory considerations. The technology is being patented thereand they want to do it right so they had to exclude that market and then come out with a patented technology.

  • Herman Britz

    Hi Patrick,

    Some concerns i have:

    I signed up for Option Robot and selected the 72 Option broker. After signup i was signed up with Stockpair. I tried to connect to other brokers, but the system says my email is already in use or incorrect.

    I tried to deposit money into Stockpair and i see the min is$500, and not $250.

    I did send them support ticket about the signup problem… still waiting for their feedback.

    Should i be concerned?

    Thanks.

  • Matewis Steenkamp

    hi patrick is snap cash legit