We are not so trusting with our money when first using auto trading software, so we double checked the Mikes Auto Trader signals against some other signals charts that we like. This confirmed Mikes signals a large majority of the time. The Mikes Auto Trader software does not have any signal charts of its own to compare to.As with all auto trading bots there is no such thing as a stand-alone auto trader. They all are required for use with one of the brokerage sites they are compatible with. Mikes Auto Trader also claims to be a 100 auto trading software, but we did not find that to be the case as it does not place trades automatically as we mentioned before. It always gives you a choice to make the suggested trade or not.What does qualify it as being an auto trader is it does spot some very strong signals for you and then suggest some trades that are more often than not profitable. So other than the final choice and placing the option, it does the rest of the work until you make the final choice after it makes the trading suggestion.Mikes Auto Trader might not be ideal for everybody to use, especially those who are looking for 100 fully auto trading software to place actual trades for them (even though this is riskier than having the software offer a trading suggestion like Mikes Auto Trader). The software does not claim that it will make those that use it rich, but from our test and what we have seen from other reviews, it all points to the software program being able to produce consistent winners.I dont know about you, but anytime I am making even a little money on my binary options trading I am adding to my investment account and that is much better than subtracting from it. We certainly are recommending that it is an auto trading program that is very worth taking a look at by anyone.During our 3 year experience as avid traders, weve traded at literally dozens of brokers. Here we bring you the top rated brokers that in our opinion are the best out there. The trusted brokers presented on this page are the ones we recommend.First, the word must be said - binary options (BO) are a legitimate and a viable financial instrument and most BOs brokers are honest and reliable - however, there are a few bad apples out there that give others a bad name. So how can you avoid falling prey to a scammer For starter you can choose a broker from our list of The 10 Best Brokers. This are honest and reliable brokers that were checked and confirmed to be trusted.Want to look for another one here is a simple strategy that will help you choose a good online brokerage firm: once you decided to trade with a new brokerage site, start small and watch for any irregularities in the behavior of its trading platform (see below). Trade with small amounts, test the waters first, once everything feels OK and you are more confident with the broker proceed with your planed amounts and strategy.In a typical scam the broker manipulate the movement of the underlying asset, usually upon the expiry time, in a way that the outcome will be in favor of the brokerage. For example, If the trade is supposed to expire at, say, 11h30 and at that time it was in the money, the option is manipulated to remain open until, say, 11h31, and that last minute is just enough for your trade to expire out of the money.According to one of the traders that was a victim to the scam, the broker has a system where you place a trade and a clock begins to count down to the expiration, when the clock ticks to zero you should be awarded a win or suffer a loss - until here this is a standard binary options trade, but listen what happens next. After the clock ticks to zero, you see this, Expiring.... for at least another 30 to 60 seconds. During that time, if your trade was close, the stocks move just enough for you to lose your money.Since this broker features the Reuters logo on its site, one of the complaining investors has been spoken with Reuters who has informed him that they are looking at opening a case against the scammer as he is a risk of being fraudulent and is using the Reuters name to big himself up.Another complaining investor stated regarding the same system of scam: ... I noticed that the web site used to track my trades was having issues with the trades actually expiring 30 to 60 seconds after the time had run out to zero. During this extra expiry time is when the strike amounts would move and I would not be awarded my winnings if they moved just enough for me to lose. Then the site started slowing and freezing so that I could not see my trades, track anything, or see information regarding possible trades.In addition to observing the expiry time behavior of the brokers trading platform you should also examine the behavior of the brokers assets price movements during the contracts time frame. You want to make sure the brokers chart follows the market accurately. You do this by comparing the brokers chart movements to a real-time chart of the same asset.In addition to observing the expiry time behavior of the trading platform you should also examine the behavior of the assets price movements during the contracts time frame. You want to make sure the platforms chart follows the market accurately. You do this by comparing the platformss chart movements to a real-time chart of the same asset.On a final note - there is one misconception about how brokers make money that needs to be cleared. Some traders voiced concerns that they are trading ldquoagainst the house thus the brokers have an incentive to alter the data towards favorable outcomes for them. Well, this is not the case, a honest one will derive his income from the difference between the total sum he pays to winning trades and the total sum that he gets from the losing trades.Lets look at an example- this is simplified to make the point. Say there are only 2 trades, same asset, same time, same expiry time. One trader chooses Put the other chooses Call.
