Binary Options Signals – How to Pick a Legit Provider and Avoid Scams

Binary Options Signals are the moves/choices that professional trader share. There are many signal providers on the market, but you should be careful with these providers because some of them are pure scam and don’t work.

Binary Options Signals are definitely worth it, but only if you can find a reputable signal provider. Just imagine that you no longer have to do the hard work yourself, as you will get the best predictions and clues from the signals software. Using a good provider is a vital part of your binary options strategy if you are looking to make serious money. Even if you don’t always follow the signals, they will still come in handy, because as least you will have a second opinion.

There are paid and free versions, but remember you always get what you pay for (except the paid scam providers – see below).

It’s really easy to follow the trading alerts of professional traders, however nobody can guarantee any success. Even if the sales pages say 70-80% winning rate, you will find in the fineprint that they don’t actually guarantee anything.

The signal providers listed below were not only tested by us, but we also took the time to some research and read the user experiences on various websites. We always list services that have good feedback.

How do binary options signals work

Signal software analyze popular assets, giving you clues and predictions about these, helping you make a better decision. There are two types of signal software: the ones that give you ideas about trades with a possibly positive outcome or the ones that do the trade for you, automatically. These automatic trading robots are connected with the broker, so you don’t really have to do anything.

What to look for

Success rate/Reputation: You should be looking for reviewed signal providers (see below) and don’t just buy any software you find on the internet. As said before there are a lot of scam sites out there, so it’s best to follow somebody’s advice (like ours 🙂 ) who has already tested these.

A higher success rate is not always better. Anybody can make up fake success rates. You should find a binary options signal provider that can really keep what it promises and prove it with history charts.

You need 100% transparency and avoid the ones that manipulate the results to look better. You should also avoid new binary options trading signals, that nobody has ever heard of.

Pricing The prices vary. Some services are more expensive than other, some are free. You should decide beforehand what you need and then find a service provider that can offer that for a good price.

Beware of scams

We have heard of providers who send buy signals to 50% of their subscribers and sell signals to the other 50%. This way one of them is going to win and the other half will lose. This will result in very positive reviews on the one hand, and very bad reviews on the other hand.

If you see such reviews about a provider, then it’s probably a scam. Sometimes the signals are not even based on anything, they are just made up.

Recommended Binary Options Signals Providers

Based on our experiences and the experience of other traders, we found that Binary Options Robot is the best binary options trading signal platform. They have a great and easy to use interface, and unique features like trading even when you are not online. You can set the number of trades you want to complete for each day. This means that you could be making money even when you are at work.

Price: Free Version or Pro Version for only $79.

This is how you can join Binary Options Robot:
1. Open a Free Account
2. Join a Broker Site
3. Make a deposit and start trading

No download is needed, you just have to setup your account. It’s not recommended to use 60 Second Trades with Binary Option Robot, because the success rate is really low in this case. However if you use 15 minutes or more expiry times then the platform has a success rate of 65%-70%. The maximum success rate we got with the software was ~82%.

I have checked a random signal history on their site. As you can see there were 6 winning trades from 10 trades. That’s a 60% success rate.

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Best Binary Options Signals Provider