But I need a truckload of money and I need it quick… like yesterday. If only things were that easy, I would be the first to pay a Binary Options signal provider subscription and then lay back and enjoy the show. Unfortunately things are not really that simple and scammers are always looking for an unsuspecting newbie to prey on.
Of course, I am not suggesting that all signal providers are scammers or bad traders, but the majority is.
However, today I am going to talk about a service that seems to be run by real, honest traders. Just continue reading to find out more about them.
Binary Options AutoTrader is a service provider service who allows automatic copy trading.
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Once you subscribe to their service, you will be able to download a Chrome extension that will do all the work for you and once their traders open a position, the exact same trade will be opened in your account. At the moment they support just a handful of brokers so you will have to open an account with those brokers but some of the names are among our Recommended Brokers so I am sure you will find a reliable one.
On the AutoTrader website you will also find a step by step video explanation which I am sure will make things easier. They have different types of accounts, with different perks and subscription fees: Gold and Diamond subscriptions have a big advantage: After all, if the client pays a monthly fee and on top of that loses money in the market because of the signals provided, he will have a really bad month but the signal provider wins either way.
None, because they make money no matter what. If the fee is returned to the customer in case of a losing month, it means the signal providers have to perform well and to improve their trading. Then, if you would find it satisfactory, you could go for a paid subscription and increase the amount traded.
Unfortunately, due to recent changes, this free subscription is no longer available. Keep reading to see why. They provide about 80 signals per month but they inform us about the variable nature of this number. Of course, the market is not always the same so the number of signals changes according to market conditions.
This is probably the main reason why I consider this signal provider better than others. They show real performance statistics. But if you take a look at their Performance page you will notice their results are not outstanding; they are not a money making machine and losing months are there, just like winning months.
Lately AutoTrader is struggling with overall poor performance, consisting of mediocre-to-bad signals, missed trades or trades ending ITM with one broker but OTM with another.
This initially determined them to suspend all new subscriptions until the problems are solved and it seems that now they released AutoTrader v4. The Bronze subscription will take place of the Silver one and will be a paid subscription. AutoTrader team explains the removal of free subscription the following way: Their performance does not look fake, the Gold and Diamond subscriptions come with a money back guarantee in case of a losing month so they look legit.
Notice the bolded part; I have never seen a signal provider suspend their subscription because they feel the service is no longer profitable. To answer the question about them being scams: Some of you might know that I am not really a fan of automated copy trading or signal providers and that I believe everyone should learn how to trade rather than rely on someone else.
That being said, the guys at Binary Options Autotrader are doing a good job in my opinion Check out AutoTrader Signals Forum Room. For the time being, their performance is not very good but previous results show great success. If they can get their trading back In the Money, they could be a good choice for a trader looking for a signal service. Here is a concern of all Newbies: BOTS does not endorse Goptions sez it sucks ,yet other critical websites e.
Ripoff Report,Binary options watchdog. Faced with this conflicting research information,how does a Newbie make an informed decision?? Mikes Auto trader — So guys I have been trading Binary options since September and have sustained a significant loss. I think i have tried every strategy and i am either really bad at this stuff or just really bad luck.
I have to however share Mikes Auto Trader signals. I dont think any of these services actually have a true algorithm that can work and its like someone rolling a dice with up or down on it, thats how good they are, I have a screen shot of a single trade signal that i pulled from mikes auto trader to share. For question regarding brokers — Please use our Forums. Hylton Glass on BigOption. Banc De Binary StockPair VIPBinary Bloombex Options We hate Spam, we'll not promote or share your information jQuery document.
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