Review of the Binary Options Broker RoboOption
RoboOption is a binary option broker from Europe which offers several types of options (including High/Low and OneTouch) based on many financial assets (underlying markets) like stocks, indices, currencies pairs (Forex) and commodities like gold and silver. This company founded in 2014 offers many features for its clients such as a web based platform and various types of trading accounts with different advantages for the trader.
It is a brand belonging to RoboForex, one of the leading brokers in the Forex sector.
Type of Broker
RoboOption is a Binary Options Broker.
Country of origin
The headquarters of this broker are located in Cyprus. Also, it has satellite offices in other countries of Europe.
RoboOption is owned by RoboForex (CY) Ltd, a company that is registered and regulated by CySEC of Cyprus (license number 191/13).
RoboOption offers its customers the possibility to trade with binary options based on the following financial instruments:
- Forex Market: 16 currency pairs of the Forex market, including the most important such as the EUR/USD, the USD/JPY and the GBP/USD and other more exotic like the AUD/JPY and the USD/RUB
- Commodities: 6 of the traded and important commodities in the market including crude oil, gold and silver
- Indices: 10 of the most important stock indices in the market. In this case the clients of RoboOption can trade with binary options based on indices like the NASDAQ, S&P 500, FTSE 100, Dow Jones, CAC 40, DAX 30, Bombay SE and other.
- Stocks: 25 of the main stocks of the most important stocks exchanges in United States, Europe and Asia including Google, Coca Cola, Apple, Rolls Royce, BP, Lukoil and Gazprom among other.
Types of Binary Options
The clients of this broker can trade with the following types of binary options:
- HIgh/Low binary options (regular Call/Put binary options): This is the most common and traded type of binary options thanks of its simplicity compared with other financial products and the fast and high income that it offers for the trader. In this cases, the trader must forecast if the underlying asset price will end above or below the acquisition price of the option once the option expires. Usually, the maturity of the High/Low options offered by RoboOption is one hour, however, the client of this broker can trade with binary options with shorter and longer expiration periods (30 second to several months).
- Pair options: This is a type of binary option in which the trader speculates about the behavior of a financial asset in comparison with the behavior of another asset, such as the case of a stock of a specific sector in relation to other stock in the same sector (eg Apple vs Intel). Usually for these transactions the pairs used are formed with quite related assets such as precious metals (gold and silver), stocks (Google and Facebook), indexes and others.
- 60 seconds binary options: These are High/Low binary options with a maturity of just 60-180 seconds. For this reason, these are ideal options for traders who want to earn money with the market micromovements to perform multiple trades throughout the day. 60 second options can be used to trade with volatile assets like oil or currency pairs.
Payment Offered by RoboOption
-The earnings offered by this broker for binary options that expire “In The Money” (successful trades) are the following:
- High/Low binary options: 70% to 85% of the capital invested in the option´s contract.
- 60 seconds binary options: 70% to 85% of the capital invested in the option´s contract.
- Pair binary options: 70% to 85% of the capital invested in the option´s contract.
-In the case of binary options that expire “Out The Money”, this broker allows to recover up to 10% of the contract inversion. This feature allows to minimize the impact of losses in the account.
RoboOption offers a unique type of trading account for all customers regardless of the amount of initial capital deposited by them. This trading account includes all services offered by this broker to its customers such as various web based trading platforms, all financial instruments (underlying assets), all types of binary options and bonus offers for new and existing clients
However, depending on the initial amount deposited by the trader, RoboOption offers additional services to customers that perform high cash deposits.
The customer also has the option to request a demo account in order to evaluate the services of the broker and practice their trading strategies with binary options.
The opening of a trading account with IRoboOption is completely free. In this case, the trader only has to deposit funds when he is going to start trading with binary options.
The trading platform of this broker is a fully web-based application which requires no download or installation and can be accessed from anywhere with an Internet connection via the website of RoboOption. This application is a simple and complete platform designed by SpotOption, which allows ti trade in a simple manner with High/Low and pair options based on all financial instruments mentioned above. It also includes a number of features designed to position management which allow to open new positions (acquiring new options) and track all transactions that are active.Through this platform, the trader can do the following actions with binary options:
- Select the type of binary operation option.
- Determine the maturity of the binary option.
- Choosing the underlying asset of the transaction.
- Select the level of risk/benefit of the trade.
This application also provides the following additional functions:
- Roll Over: This tool allows to extend the expiration period of a binary option. For this reason it is a very useful tool in those trades in which the investors believe that a binary option which for the moment is "Out The Money" have a high probability of expiring "In The Money" if the contract´s expiration period is extended. It is basically a powerful stop loss strategy, however, the use of this function requires the addition of an extra investment of 30% (the return is increased by 30%).
- Double Up: Through this function the traders have the possibility to increase their investment and double their profits. Basically, when an option is close to its maturity and the trader predicts that the market will continue in the same direction, RoboOption offers the possibility to “do it again” by clicking on Double Up. By doing this, the trader creates a new trade with the same conditions but with the current price of the underlying asset.
RoboOption offers a free demo account for all its customers.
The clients of this company can deposit and withdrawal funds through the following methods: Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA), Skrill, Neteller and WebMoney.
The deposits can be made in US Dollars, Euros and rubles.
Main Advantages of RoboOption
- RoboOption is an European binary options broker which is regulated by CySEC.
- This broker offers regular promotions for new and existing clients which consist basically in cash bonuses.
- The client of this broker has the possibility to trade with several types of binary options based on many financial instruments (underlying assets) of various types, including currency pairs, stocks and indices.
- This broker allows to trade with pair binary options and with 60 seconds options.
- RoboOption offers the possibility to trade with custom binary options.
- Through its website, the broker provides basic education on binary options and how to trade with this instrument.
- The trading platforms of RoboOption (web-based and mobile) are simple to use applications which require no download.
- For options that expire Out The Money, this broker allows its customers to recover up to 10% of capital invested in the option.
- A variety of educational tools for the trader, including video courses on binary options.
- RoboOption offers a good customer service for its clients which includes the following contact methods: e-mail, telephone and live chat on the website which operates 24 hours.
- This broker offers the possibility to earn money by promoting its services as a binary option broker through an affiliate program of its property called RoboOption Affiliates.
Main Broker Offers
RoboOption offers regular promotions for clients that open an account and trade with the company. Currently, the main offers of this broker are the following:
- A deposit bonus up to 30% for traders who deposit funds in their trading accounts. This promotion applies to any deposit made by the client.
- A trading contest for demo accounts which offers cash prizes to the winners.
- A Refer a Friend program which allows to earn money by recomending this brokers to other traders.
Minimum account size
The minimum account deposit to start trading with RoboOption is $10.
Minimum transaction size
5 US dollars/euros.
Maximum transaction size
1000 US dollars/euros.
Link to the website
Open an account