It takes concepts originating in the Forex market, and translates them into the world of binary options. Like any other trading robot, this one conducts trades for you without your interference, even when you are away from your computer. This is still a new phenomenon in the world of binaries, and Binary Option Robot has already mastered this. Just as MetaTrader is available for a number of different Forex brokers, this robot is compatible with a few different binary brokers. These include Banc de Binary, and a few others at this time.The way it works is pretty simple on the surface. Once your account is set up, your trades are automated, and the robot does all of the hard work for you. The behind the scenes stuff is a lot more complicated, though. It uses a highly advanced algorithm to detect signals and then acts on them for your behalf. By looking at current situations and comparing them to past market data, trading opportunities are identified and then the best are executed for you.You deposit your money through the robot directly, and you can begin trading once this is complete. The site recommends a starting deposit of 1,000 and trade increments of 25 to begin but you can get started for far less, even finding success with as little as 500 to begin with. You can start with more if you wish, but this is completely dependent upon your financial situation and how much you are comfortable risking in the binary market. Maximum and minimum deposits all depend upon which broker you decide to go with.VIP accounts do exist, and they are free of charge to get at the moment. To get one, you just need to refer a friend with a referral link. You and your friend will each receive two months of VIP status, and you can do this as many times as you wish. Some of the benefits of this include extra features and limited access upgrades. These are designed to give you better trading results. Because this is a new product, this is a very helpful thing to the site, not to mention yourself. It helps the site to grow faster, and it gives you a better ability to generate a profit.For those individuals that like to keep track of their trades, this is easy to do with Binary Option Robot. Just go to the Trade History portion of the broker that you are using, and all of the trades made with the robot will be found there. This is a great way for you to monitor your progress and independently track the results that the robot is providing for you and your bottom line.At the current time, you cannot use an existing trading account with Binary Option Robot. Once you create an account at their website (binaryoptionrobot), you are given a list of brokers that you can use and an account is created for you via the robot. You deposit your money through Binary Option Robot fee free, and then they take care of the rest for you.Binary Option Robot is completely legal, and the brokers that it utilizes are all secure and highly rated in the binary community as being reputable and trustworthy. Some parts of the world do have restrictions on certain brokers, so make sure that the broker you decide to go with is approved for use in your locality. Ultimately, this is your responsibility to fulfill.This robot is free of charge to use, so as long as it is helping you to boost your profits, then yes, it is worth it to use this tool. Because of the high trade frequency that you will be able to take advantage of, it is almost certain that the robot can make more trades per day than you would be able to on your own, and thus have a higher profit rate. Finally, Binary Option Robot uses a trading algorithm to ensure accuracy, backtesting and double checking as it goes. This is going to be far more accurate than most people would ever be able to be on their own. In short, Binary Option Robot is a high quality tool for people looking to simplify their trading.Thanks for checking out Binary Options University. Obviously you are here to get a leg up on your Binary Trading. There is one major topic that must be talked about way up front. RISK Although you could make a lot of money trading these instruments, its also very easy to lose everything you invest. Please understand the Binary Risks before you invest any money. This site is for entertainment purposes and should not be held responsible for any losses you may incur. Advertising dollars are generated by clicking on some of the outbound links. You can learn more about this on our Privacy Policy or by using our. Happy TradingScam Binary option stock market. Hours ago. And save. Many different traders in the following page provides reviews are now, digital vs binary. 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