BINBOT PRO REVIEW 2023: SHOULD YOU SIGN UP WITH THE BROKER?

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

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.

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

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. 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. 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

• 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

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.

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.

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

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.

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

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

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

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

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

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:

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.

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