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Binary option robot trading software is often sold by binary options brokers and is purported to help you make easy money through binary options trading. However, binary options bot software is also one of the most common ways fraudulent options brokers scam their clients.

If you’re looking to get into binary options trading, it’s important to know how to avoid getting scammed by a binary robot scam, and what to do in the unfortunate event that youdofall victim to such a scam.

What Is a Binary Options Robot?

A binary option trading robot is a type of software that allegedly uses pre-programmed algorithms to study the binary options markets and provide you with trading advice. Broker platforms claim that their bots advise you on how to make low-risk, high-return trades, but remember that many of these bots are just a type ofbinary options scam.

How Does a Binary Robot Work?

Binary options trading bots are available to purchase through certain binary options broker platforms, which are usually unlicensed and unregulated. In order to download and use the trading software, you typically have to pay a flat-fee and/or a monthly subscription fee.

These bot platforms, also known as auto-trading software, help you perform your daily binary options trades using trading signals and algorithmic predictions of market patterns. In other words, the software watches and analyzes the binary options markets and provides you with profitable trades to make. You can either make these trades manually or have the bots trade for you automatically.

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