BINBOT PRO REVIEW 2024: SHOULD YOU SIGN UP WITH THE BROKER?

BINBOT PRO REVIEW 2024: SHOULD YOU SIGN UP WITH THE BROKER? title=

This Trading Platform is available in Ukraine

2.6/5
Open account

BinBotPro is gaining attention in the trading community for its user-friendly interface and innovative features. It's designed to cater to both new and experienced traders, offering a seamless experience that simplifies the process of executing trades. With an intuitive platform, users can easily navigate through various options and customize their trading strategies.

One of the standout aspects of BinBotPro is its automated trading bots, which are a hit among users who appreciate the convenience of setting up their trading activities without constant monitoring. The broker also offers a variety of assets to trade with, ensuring that there's something for every investment preference. Users rave about the responsive customer service team, which adds to the overall positive experience on the platform. Sign up today and join the many traders who have found success with BinBotPro!

Min. deposit
250 USD
Website address
https://binbot.pro/
Demo account
Yes
Currency
EURUSD
Supported languages
EngRus
Active
Yes
Payment Methods
Bank WireCredit/Debit cardsCrypto
Pros
  • Simple and user-friendly platform
  • Spot trading available
  • Auto Trading feature
Cons
  • Not regulated
  • Limited range of instruments
  • No demo competitions
Awards
None
Bonus
Up to 100% Welcome Bonus
Instruments
Binary options
Min. trade price
1 USD
Regulated By
Unverified
MetaTrader 4
No
MetaTrader 5
No
cTrader
No
OmniTrader
No
AlgoTrader
No
TradingView
No
Trading Central
No
Autochartist
No
eSignal
No
STP Account
No
ECN Account
No
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
Mobile Apps
Yes (iOS & Android)
Margin Trading
No
Volatility Index
No
Spot Trading
Yes
Perpetual Swaps
No
ELWs
No
REITs
No
AI / Machine Learning
No
Robo Advisor
No
P2P Trading
No
Negative Balance Protection
No
VPS Hosting
No
Tournaments
Yes
Demo Competitions
No
Managed Accounts
No
Market Maker
Yes
Auto Trading
Yes
Social Trading
No
Copy Trading
No
Trade Signals
No
Islamic Account
No
Guaranteed Stop Loss
No
Stock Exchanges
Not applicable
Commodities
N/A
Forex Trading
No
Forex GBPUSD Spread
N/A
Forex EURUSD Spread
N/A
Forex EURGBP Spread
N/A
Forex Assets
N/A
Crypto Spread
N/A
Crypto Lending
No
Crypto Staking
No
Crypto Mining
No
Crypto Auto Market Maker
No
Crypto Coins
N/A
Binary Options
Yes
Payout Percent
Up to 90%
Expiry Times
1 minute to 1 day
Ladder Options
No
Boundary Options
No
Show all >>

* The amount that will be credited to the account in the case of a successful deal

* General Risk Warning: Your capital might be at risk

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 2.6,
according to 27 reviews

4.5 Stars
Daniel Długosz
Daniel Długosz
stars
pl
i like it very much, most of negative comment is because people are ignorant

View all

damonL88
damonL88
stars
my
It's a free trading tool that comes with registration that allows settings of basic trading indicator. However, it took me a while to test it and use it optimally after finding a guide on how to use it well. It seems that we can't use this tool blindly but after i've figured it out, it works okay as a free trading tool. Still using and growing my account slowly while using it with discipline.

View all

mr.z
mr.z
stars
iq
The robot works for big investmint and before run the bot check the news on investing.com and look at usd pirs and euro pirs if have a posative news and price high run the bot and if nagative news and price down stop any usd or euro pirs to avoid the loss and get a good profit

View all

Jamie
Jamie
stars
us
I am getting not the service they are telling - there is no possibility to choose the technical indicator to switch on or off, you can just use predefined settings and customize it, but still. Comparing to optionrobot and binaryrobot365, I am using BinBotPRO with automated settings and it's really not hot as told on the website (it's not 340% a month for me). I would recommend this decent investment to everyone, but: 1) Don't invest too much or too little, follow the recommended balance settings. 2) I've lost my initial deposit because of my own ignorance - I've invested $1000 and ran 5 robots the same time and created my own robot.

View all

Joe
Joe
stars
lv
got small revenue with them without bitcoin growth. not what they stated on the website, but bitcoin grew a lot and I earned more than 400% in 6 months. nice to try, but not with small amounts (at least $1000).

View all

Lester
Lester
stars
gt
It is one of the best software I have used, simple and very effective. Totally recommended.

View all

Content

Traders have been trading on BinBot Pro since 2016.  People are still using this platform in the hope of earning some bucks. Should you sign up with the broker? I’ll be brutally honest in this review, so read it thoroughly.

HOW DOES BINBOT PRO STAND OUT?

The platform is a scam and doesn’t have any particular features that make it different from others.

HOW DOES BINBOT PRO STAND OUT

WHAT IS BINBOT PRO?

BinBot Pro is third-party software that allows you to trade with several robots. Sitting back and letting a bot make you money may appear to be simple.

I wish it was as simple as the bots tell us. Let’s dive into the details to learn when it entered the market.

BinBot Pro, an automated trading platform, was introduced in 2016. The bot enables traders to trade both fiat currency and cryptocurrency. When you visit the broker’s website, you will see:

  • No regulations or licensing
  • Only email and chat support options don’t seem to work
  • No ‘about us’ page
  • Collaboration with shady brokers
  • No transparency or privacy policy

BinBot Pro homepage

BinBot Pro homepage

Scam robots, such as BinBot Pro, commonly collaborate with scam brokers. You may read our guide on scam brokers and how to avoid them.

With these brokers, you have little chance of gaining any money or getting your investment back.  In addition, BinBot Pro has fraudulent awards on its official website. I was unable to find any source for these awards.

Further reading

WHAT ARE BINBOT PRO REGULATIONS?

Like many traders, I was concerned about BinBot Pro’s regulation. I wondered why BinBot Pro still lacks regulatory information even after so many years.

Can you take a guess? Let’s see what I found about BinBot Pro’s regulators.

The people behind trading robots, in general, do not wish to be regulated or to follow the law. Apart from a few exceptions, most automated robots have no legitimacy.

BinBot Pro belongs to that unregulated list. They have mentioned this on their website, also.

BinBot Pro regulations

BinBot Pro regulations

Further reading

HOW DOES BINBOT PRO WORK?

I told you when BinBot Pro stepped into the market. But how does the platform work? Does it work differently from others? Let’s take a look!

Centobot is compatible with BinaryCent, Videforex, Raceoption, and IQcent. These brokers are also unreliable. I have written reviews about all of them, and you can see their reviews here.

BinBot Pro is an automated system, so it completes the trades automatically. You may either use pre-made trading robots or customize your own. According to the platform, there’s a three-step process.

  • Pass through registration
  • Activate trading account
  • Relax while you double or triple your trades.

You can also create a demo account to obtain a general overview

You can also create a demo account to obtain a general overview. The demo account provides you with a virtual $1,000 to trade. You do not need any technical skills to use the bot, and you can invest in currency pairs and cryptocurrencies using BinBot Pro.

Selecting a robot that works with the assets you wish to trade is the next step

Selecting a robot that works with the assets you wish to trade is the next step. They arrange these bots according to their recent relevance. You can see the bots on the left side of your BinBot Pro platform.

The robots available on the platform are

The robots available on the platform are

  • RSIMA Cross Robot
  • xProfit Robot
  • Ichimoku Crypto v2 Robot
  • Rising East v1.2 Robot
  • HP Cycles Robot
  • Strong ADX v2 Robot
  • Strong US v2 Robot
  • Bolly Band Bounce Robot
  • RVI & MA Robot

WHAT TRADING INDICATORS ARE AVAILABLE?

In BinBot Pro, there are six main trading indicators. Each indicator has its pros and capabilities for analyzing the market.

  • ADM Index
  • Commodity Channel Index
  • Momentum Indicator
  • RSI
  • RVI
  • AROON

BinBot Pro indicators

BinBot Pro indicators

Further reading

HOW SAFE IS BINBOT PRO?

Almost all traders trust regulated brokers. As I’ve discussed earlier, BinBot isn’t regulated

Can we still consider this a safe one? Let me tell you more about it.

When trading is active, the trades are not visible to the user

When trading is active, the trades are not visible to the user. You must wait till the trading completes to determine your profit. The trading time is quite quick.

In 60 seconds, a trade opens and closes. When you join up, the platform guarantees to secure your personal information from hackers. Given the general lack of safety, I’m not so sure. If trading with a company that is regulated is important to you, check out our Pocket Option Review.

Further reading

WHERE IS BINBOT PRO LOCATED?

Knowing the broker’s location provides an extra level of authenticity. We all search out the location of every broker we want to try. But does BinBot Pro have a location? Let’s see!

Despite being in the market since 2016, no one knows where BinBot Pro is. BinBot Pro hasn’t given its address on its website or social media pages.

Further reading

WHO OWNS BINBOT PRO?

When we invest in anything, I think it’s important to know who owns the company. Traders feel more certain that their funds are safe this way. But who owns BINBOT PRO? Let’s find out!

It isn’t surprising to me that BinBot Pro hasn’t mentioned its ownership.

Further reading

HOW TO CONTACT BINBOT PRO?

Whenever we use a platform to trade, we need assistance. While most brokers give various options to contact their customer support, BinBot Pro only gives two options. Another major red flag! Let’s see what they are.

The first option is email.

The-first-option-is-email

The other option to contact them is via live chat on their website. It pops ups immediately when you load BinBot Pro’s website.

It-pops-ups-immediately-when-you-load-BinBot-Pro's-website

They-have-also-mentioned-their-social-media-accounts

They have also mentioned their social media accounts. But when I opened up their Facebook link, here’s what I found.

warning

Further reading

HOW TO DEPOSIT/WITHDRAW FUNDS INTO BINBOT PRO

It is important to know the withdrawal and deposit methods. BinBot Pro provides several payment methods. These payment methods are quite simple. Let me tell you the whole procedure.

Click the “Account funding” button.

Click-the-Account-funding-button

After registration, you will be sent to the payment page of the broker you have chosen. There are no fees associated with this trading bot.

Earnings from affiliated brokers are subject to a withdrawal charge. These costs might be as little as 5% of the amount withdrawn. Some of the approved payment methods are as follows:

  • VISA
  • QiWi WALLET
  • WebMoney
  • OKPay
  • Perfect Money
  • Bank Transfer
  • Neteller
  • Bitcoin

It is also mentioned on the website that withdrawals are processed using the same methods as those used for deposits. Also, the tutorial video on their website claims that you can get the money in your bank account one hour after withdrawal.

BinBot Pro payment options

BinBot Pro payment options

Further reading

DOES BINBOT PRO OFFER PROMO CODES?

Promo codes have always been an amazing idea to encourage traders. I personally always search for promo codes. But what about BinBot Pro? Let’s find out which promo codes BINBOT PRO offers.

They haven’t mentioned promo codes anywhere. The whole time I used this bot, I didn’t notice any promo codes.

Further reading

DOES BINBOT PRO OFFER BONUSES?

Like promo codes, bonuses are also a treat for everyone. Whenever I get a bonus from a broker, I’m excited. So, does BinBot Pro offer them? Let’s see!

Nothing! BinBot Pro doesn’t offer any bonuses at any point to its users.

Further reading

DOES BINBOT PRO CHARGE TAXES ON PROFIT?

Nothing comes for free in this world. Most brokers charge taxes on profits. You must know before trading how much tax you will pay on profits. It makes things quite clear for the traders if taxes are visible.

BinBot Pro hasn’t clarified anywhere on its website the situation regarding taxes on profits.

Further reading

HOW DO I MAKE MONEY WITH BINBOT PRO?

I found BinBot Pro while writing a review for Centobot. So I went to their website, and the interface explained everything. Centobot and BinBot Pro look identical.

These are the things I discovered: no ‘about us’ section, no location, no restrictions, and negative reviews. After an additional search, I decided to make a demo account on the platform.

So I’ll tell you all you need to know about the platform to avoid it. Let’s first hear what others have to say:

Let's-first-hear-what-others-have-to-say-1

Let's-first-hear-what-others-have-to-say-2

Let's-first-hear-what-others-have-to-say-3

Further reading

FAQs

Is BinBot Pro a scam?

In terms of functionality, BinBot Pro does not appear to place a great value on its users. It lacks regulation and proper contact addresses, as well as full information on withdrawals. So it’s safe to say it’s a scam.

How long do withdrawals take on BinBot Pro?

There is no information on the website about deposit/withdrawal time limits.

How can I close my BinBot Pro account?

There is no information on how to close the account.

What is BinBot Pro’s payout?

Although the platform claims that you may easily double or triple your results in a single day, there is no further information on the website.

FINAL THOUGHTS 

There you have it! We dug deeper to find everything we could about BinBot Pro. Stay away from this platform, as it has major red flags:

  • No licensing
  • Collaboration with shady brokers
  • No ownership.
  • No address.

As a result, I’d rate the broker a 0/5. I hope this review was helpful and you will stay away from the platform. If you are looking for legit forex brokers, you can check the complete list of brokers here.

It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.
Further reading
General Risk Warning: Your capital might be at risk

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