binary option robot demo account

The best forex robots allow you to trade in a fully automated manner. That is to say – the robot will buy and sell financial instruments autonomously – allowing you to trade without lifting a finger.

In this guide, we review the best forex trading robots of 2021 and explain how to get started with your chosen provider!

2021 Best Trading Robot Review List

Here's a breakdown of the 10 best trading robot providers of 2021. Scroll down to read our full review of each trading robot!

1. Learn2Trade – Overall Best Platform for Trading Signals
2. 1000pip Climber System – Best Forex Robot for MT4
3. Forex Fury – Best Trading Robot Forex EA
4. BitQT – Best Trading Robot for Bitcoin
5. EA Pros – Free Forex Robot for 5 pairs and MT4 platform.
6. GPS Forex Robot – Best Trading Robot for EUR/USD
7. FX Master Bot – Best Trading Robot for Binary Options
8. Algo Signals – Best Trading Robot for Semi-Automated Strategies
9. Crypto Rocket – Best Platform for Combining a Trading Robot with High Leverage
10. BinBot Pro – Best Forex Trading Robot for Beginners
11. EA Builder – Best Trading Robot for Building Custom Strategies (No Coding)

Best Forex Robots Reviewed

There are hundreds of forex trading robots that allow you to actively trade but in a passive way. The key problem is that most providers make super-bold claims about huge financial returns. But, in many cases, there is no way to verify the authenticity of these claims.

To help point you in the right direction, below we discuss a selection of the best trading robots to consider in 2021.

1. Learn2Trade – Overall Best Platform for Trading Signals

Learn2Trade is a semi-automated platform that specializes in forex trading signals. The provider is also involved in cryptocurrencies, indices, stocks, and commodities. These signals tell you exactly what orders to place at your chosen trading platform – based on research performed by the team at Learn2Trade.

For example, you might receive a signal that tells you to place a buy order on GBP/USD when the pair hits a price of 1.3950. The signal will also come with risk-management tools – covering both stop-loss and take-profit orders. Crucially, this ensures that you are trading in a risk-averse manner.

Although Learn2Trade isn't a robot per se, the provider removes the need for you to perform any research or analysis yourself. This is arguably a better option than allowing a robot to trade with your capital. After all, there is every chance that your robot will go on a prolonged losing run and burn through your balance.

By opting for the Learn2Trade best forex signals service, you have full control over whether or not you act on the respective suggestion. In terms of pricing, Learn2Trade offers two plans. Firstly, you might decide to start with its free trading signals. This will get you 3 signals per week.

If you want to get the most out of the Learn2Trade platform, the premium plan will get you 3-5 signals per day. Irrespective of which plan you opt for, all signals will be sent to you in real-time via the Learn2Trade Telegram group. At the time of writing, its Telegram channel has over 17,000 members. This illustrates just how popular the signal provider now is.

Although there are many signal providers in this space, what we like about Learn2Trade is that it offers a 30-day moneyback guarantee to all new subscribers of its premium plan. This means that you can test its signals out via a forex demo account without risking any of your trading funds.

Pros:

• Top-rated automated trading signal provider
• More than 17,000 members in the L2T Telegram group
• 3 x free signals per week
• 3-5 premium signals per day
• All stop-loss and take-profit orders provided
• Great educational tools

Cons:

• Not fully automated as you need to act on each signal

There is no guarantee that you will make money with this provider. Proceed at your own risk.

2. 1000pip Climber System - Best Trading Robot MT4

If you're looking fully a fully automated forex trading robot that is compatible with MetaTrader 4 (MT4) - it might be worth considering the 1000pip Climber System. The provider claims that its trading robot has made gains of just under 20,000 pips in three years of activity, which is huge.

Of course, there is no way to independently verify this - which is why testing the robot out via a demo account is crucial. Once you have downloaded the 1000pip Climber System software file and installed it into MT4, it will start trading on your behalf - 24 hours per day.

The system itself focuses on six major forex pairs that analyze the 15-minute, 1-hour, and 4-hour pricing charts. As the software file is 100% rule-based, there is no requirement for you set up risk-management parameters. This is because the trading robot will always enter stop-loss and take-profit orders on each position.

In terms of pricing, the 1000pip Climber System is charging $97 for the robot - reduced from a previous price of $299. It appears that there is no moneyback guarantee offered by the provider, so do bear this in mind. You will, however, have access to after-sale customer service - should you need assistance with your robot.

Pros:

• Claimed gains of 20,000 pips in three years
• One-time fee of $97
• Works with MT4
• Fully-automated
• Easy to install and deploy

Cons:

• Unable to verify performance claims
• No moneyback guarantee

There is no guarantee that you will make money with this provider. Proceed at your own risk.

3. Forex Fury - Best Trading Robot Forex EA

Forex Fury is an established trading robot provider that focuses exclusively on the currency market. It is compatible with several third-party trading platforms - including MT4 and MT5. There is also support for ECN Accounts.

In terms of its strategy, Forex Fury claims to only trade for 1 hour per day on just a single currency pair. This will be during times when there are low volatility levels. When it comes to performance, Forex Fury claims to have a win rate of 93%.

The platform notes that its results can be viewed at Myfxbook. Forex Fury also claims that it aims to make monthly gains of 10-20%. Much like the 1000pip Climber System, Forex Fury does not offer a free trial or moneyback guarantee.

Instead, you will need to purchase the trading robot via a one-time fee. This starts at $229.99 for the 'Gold' robot, which permits 1 account license, free updates, and lifetime membership. The 'Diamond' robot gets you an additional account license - should you wish to deploy two robots simultaneously - perhaps at different brokerage sites.

Pros:

• Claimed win rate of 93%
• Targets monthly returns of 10-20%
• Compabile with MT4 and MT5
• One-click installtion
• Lots of manuals and guides

Cons:

• No free trial
• More expensive than other forex trading robots

There is no guarantee that you will make money with this provider. Proceed at your own risk.

4 . BitQT - Best Trading Robot for Bitcoin

If you are looking for the best trading robot for Bitcoin - it might be worth considering BitQT. The platform makes some extremely bold claims - such as being able to make $1,250 daily from a small deposit of $250. In terms of how the robot works, everything is fully automated.

There is no requirement to download any software and install it into a platform like MT4. Instead, once you meet the minimum deposit of $250 - the robot will start trading for you.

BitQT claims that you can withdraw your profits at any time and that it only uses reputable and regulated forex brokers. BitQT also offers a fully-fledged mobile app.

This allows you to keep tabs on how your Bitcoin trading robot is performing in real-time. When it comes to pricing, the team at BitQT claims that the platform is still in its beta testing phase, so you won't be charged anything to use the robot.

Pros:

• No need to download or install any software
• Fully automated Bitcoin trading robot
• Offers a mobile app
• No fee to use the robot
• Claims that you can withdraw your capital at any time

Cons:

• Makes huge claims with respect to daily gains

There is no guarantee that you will make money with this provider. Proceed at your own risk.

5. EA Pros - Free Forex Robot for 5 pairs and MT4 platform

If you are looking for a great, but free forex robot, EA Pros is one of the best possible options. The robot operates on the most popular currency pairs, namely, EUR/USD, GBP/USD, USD/CAD, USD/CHF, EUR/GBP and on the MetaTrader 4 platform. This robot is constantly being upgraded, and other currency pairs are being tested too. This robot has earned a total of 28,613 between 2020 and 2021. It is also worth noting that it works on 5 currency pairs, and so the result is considerably good.

We are proud of a profitability level of 71% and a total gain for the entire period of 923.02%. Live results from real accounts can be verified on FX Merge.

There is no need to make changes to the robot's parameters, except in cases when the lots are considerably large. This will surely help in making this automatic system easier to use.

Customer service runs from Monday to Friday practically all day long. No returns are offered as the robot is available for free for four brokers.

Pros:

• Great support
• Simple and quick installation
• Over 28,000 pips in two years
• Free robot without any fees
• Works on the MetaTrader 4 platform
• Fully automatic system

Cons:

• Only available for 4 brokers

There is no guarantee that you will make money with this provider. Proceed at your own risk.

6 . GPS Forex Robot – Best Trading Robot for EUR/USD

GPS Forex Robot specializes in the most traded currency pair in the market - EUR/USD. The provider offers a fully-automated robot that comes in the shape of a downloadable software file. You are then required to install the file into MT4.

Once you do, the robot will begin to trade on your behalf 24 hours per day. In terms of performance, the GPS Forex Robot claims to have a huge win rate of 98%. In simple terms, this means that the platform claims to make gains in 98 out of every 100 positions entered.

GPS Forex Robot also claims to utilize a 'reverse strategy' to mitigate risk. This entails opening a position in the opposite direction when it appears a trade will not result in a profit - subsequently yielding a small loss. When it comes to pricing, GPS Forex Robot doesn't charge a monthly subscription of any sort.

Instead, you will need to pay a one-time fee of $149. You can complete the purchase instantly with Visa, MasterCard, American Express, Discover, or Bitcoin. Crucially, we like the fact that the team at GPS Forex Robot offers a 60-day moneyback guarantee. This gives you sufficient time to test the robot out via a brokerage demo account in a risk-free manner.

Pros:

• Claimed win rate of 98%
• This translates into a monthly return on investment of 30%
• 100% automated
• Takes minutes to set up with MT4
• Reasonable one-time fee of $149

Cons:

• Super-huge claims seem almost too good to be true

There is no guarantee that you will make money with this provider. Proceed at your own risk.

7 . FX Master Bot – Best Binary Options Trading Robot

FX Master Bot - which also goes under the name Binary Options Robot, is relatively well known in the automated trading system scene. This robot provider specializes in binary options - covering both the forex and cryptocurrency markets.

Regarding the latter, the robot will trade Litecoin, Bitcoin, Ethereum, Tether, and USD Coin. There is no requirement to download or install any software with this robot.

Instead, everything can be completed via your FX Master Bot account. Once you have registered, you will be required to choose a forex or cryptocurrency pair that you wish to target. Then, you need to choose a trading strategy and subsequently activate the robot.

FX Master Bot offers a demo account that comes with $10,000 in paper funds. This allows you to test your chosen strategy without risking any capital.

Pros:

• Covers the forex and cryptocurrency markets
• Minimum deposit is $10
• No requirement to download any software
• Simple to use
• Multiple strategies to choose from
• Demo account with $10,000 in paper funds

Cons:

• Reviews in the public domain are mixed
• Trading results are unverifiable

There is no guarantee that you will make money with this provider. Proceed at your own risk.

8 . Algo Signals – Best Trading Robot for Semi-Automated Strategies

Algo Signals is a popular robot provider that offers both automated and semi-automated trading facilities. Primarily, the platform specializes in forex and crypto signals.

Much like Learn2Trade, these signals will tell you what pair to trade, whether you should go long or short, and what stop-loss and take-profit prices to enter. This allows you to take more control over your trading capital, rather than relying on a robot.

With that said, Algo Signals also allows you to automate your trading endeavors. To do this, you will need to open an account with a partnered forex trading site. Then, after setting your risk-management parameters, the robot will start trading on your behalf.

Algo Signals also offers a demo trading facility that you can access from within your account. This allows you to backtest your chosen robot strategy without risking any money.

Pros:

• Trade in a semi-automated manner via sigals
• Option to switch over to auto mode
• $1,500 demo account offered for backtesting
• Trades crypto and forex
• Well-known in the signal scene

Cons:

• Unclear what the win rate or target ROI is
• Not compatible with MT4 or MT5

There is no guarantee that you will make money with this provider. Proceed at your own risk.

9 . Crypto Rocket – Best Platform for Combining a Trading Robot with High Leverage

Crypto Rocket is not a trading robot itself. Rather, it is an online trading platform that offers high leverage limits. The platform is fully compatible with MT4 - meaning that you can use your chosen trading robot via Crypto Rocket with ease.

After all, if you elect to obtain an MT4 robot, you will need to link the platform with a top-rated brokerage site. If choosing Crypto Rocket, your robot can trade cryptocurrencies, forex, stocks, and indices. The platform offers leverage of up to 1:500 - which is huge.

This means that a $100 account balance would allow your robot to trade with up to $50,000. As such, Crypto Rocket is ideal for trading robots that follow a scalping small-margin scalping strategy.

In reviewing the terms of conditions of Crypto Rocket, the platform notes that it offers full support for third-party trading robots. This is something that you should always check, as some brokers are often against the use of automated systems. Finally, all Crypto Rocket deposits are facilitated in Bitcoin, and withdrawals are processed on a same-day basis.

Pros:

• Trading platform that supports robots
• Offers markets on crypto, forex, indices, and stocks
• Huge leverage limits of up to 1:500
• Same-day withdrawals
• Compatible with MT4

Cons:

• Only accepts Bitcoin as a payment method
• No in-house robots or automated systems

There is no guarantee that you will make money with this provider. Proceed at your own risk.

10 . BinBot Pro – Best Forex Robot for Beginners

If you are looking for the best forex robot for beginners, it might be worth checking out BinBot Pro. This trading robot is very simple to use and you don't need to concern yourself with downloadable software or third-party platforms like MT4.

Instead, all you need to do is register on the BinBot Pro website, deposit some funds, and that's it - BinBot Pro will place buy and sell orders on your behalf. This trading robot provider specializes in forex binary options - which is a super short-term strategy.

We like the fact that BinBot Pro is transparent about which binary options brokers it is partnered with. This includes BinaryCent, VideForex, RaceOption, and IQCent. The minimum deposit across all of its supported brokers is $250 and the minimum trade value starts at $0.1 cent.

There are no fees to use BinBot Pro, so it's only your trading capital that you need to provide. Once you have registered, you can set up your trading parameters so that the robot alligns with your financial goals and appetite for risk. In terms of performance, BinBot Pro claims to make returns of 90%. There is, however, no way to know whether or not these claims are valid.

Pros:

• No prior experience needed
• No requirement to download any software
• Free to use
• Five partnered brokers to choose from
• Specializes in forex binary options
• Claimed returns of 90%

Cons:

• Unable to verify claimed win rate
• Binary options are not legal in all jurisdictions

There is no guarantee that you will make money with this provider. Proceed at your own risk.

11 . EA Builder – Best Trading Robot for Building Custom Strategies (No Coding)

While most of the robots discussed so far come with pre-built strategies - some of you might be looking to build your own. The good news is that when using EA Builder - there is no requirement to have any knowledge of coding or programming. Instead, the platform operates a 'drop and drag' system, making it ideal for newbies.

You can build a strategy to suit your trading style and tolerance for risk. You can base your robot conditions on price, candlesticks, time-frames, and more. You can also merch these metrics with technical indicators - giving your robot the best chance possible of outperforming the market.

Crucially, EA Builder allows you to backtest your custom strategy in demo mode. This allows you to see how the robot is performing in live market conditions without risking any money. You can make necessary amendments to the strategy as and when you see fit. The robot is suitable for trading forex, commodities, and indices.

Once you have built the robot and are ready to deploy it, you can download it to your desktop device and install it into MT4 or MT5. This means that you can use the robot at any MT4/5 broker of your choosing. When it comes to fees, EA Builder offers a free plan that allows you to create custom indicators. But, if you want to build fully-fledged robot strategies, you'll need to pay a one-time fee of $97.

Pros:

• Build your own robot strategy
• Drop and drag system so no coding knowledge required
• Free plan for custom indicators
• $97 to build strategies
• Compatible with MT4 and MT5
• No bold claims or promises made

Cons:

• Not suitable for newbies
• No pre-packaged strategies

There is no guarantee that you will make money with this provider. Proceed at your own risk.

Forex Trading Robots Fees Comparison

Here's a breakdown of what fees you will be required to pay when selecting one of the best trading robot providers discussed on this page.

Trading Robot	Fees
Learn2Trade	Free or premium plan @ £35/month
1000pip Climber System	$97
Forex Fury	$229.99
BitQT	No fees
GPS Robot	$149
FX Master Bot	No fees
Algo Signals	No fees
Crypto Rocket	No platform fees
BinBot Pro	No fees
EA Builder	Free or $97 for full access

Trading robot fees will often change so be sure to check this out before proceeding.

What are Forex Trading Robots?

Forex trading robots, otherwise referred to as EAs (Expert Advisors) or simply 'bots', allow you to trade assets in a 100% passive nature. The main concept is that the trading robot will make decisions based on pre-programmed code.

The underlying algorithm will therefore perform technical analysis in an autonomous manner - making it perfect for inexperienced traders or those that lack the time to actively research the markets. When the robot spots a trading opportunity, it will then proceed to place a series of orders.

The best trading robot software will not only place buy/sell and limit orders but also stop-loss and take-profit orders. In doing so, this ensures that the robot trades in a risk-averse way and thus - don't burn through your balance in one fell swoop. In most cases, the robot will come via a downloadable software file that you need to install into a third-party platform.

MT4 is usually preferred by robot developers, albeit, MT5 and cTrader are often compatible too. More on this shortly. In terms of supported markets, the best trading robot providers will cover everything from forex and stocks to commodities and Bitcoin.

How do Trading Robots Work?

As we briefly noted in the section above, the best forex robots usually come in the form of a software file. You would then be required to install this into a platform like MT4. Then, you would need to link your MT4 account with an online broker. Once you activate the robot, it will then be able to trade on your behalf.

In terms of how the robot makes trading decisions, everything is based on pre-programmed code. The developer behind the robot will have a specific strategy in place. For example, you might opt for a robot that scalps the forex markets 24/7 or one that targets high-volatility instruments like crypto.

To clear the mist here's a quick run-through of how the best trading robots work

• You purchase a forex trading robot that is compatible with MT4
• You download the file to your desktop computer
• You open a live account with an MT4 broker like Libertex and deposit some funds
• You log into MT4 with your Libertex credentials and install the robot file
• You activate the robot via MT4 and it begins placing orders on your behalf - 24/7

The process above is pretty much the same as other platforms - such as cTrader and MT5. With that said, some robot providers do not require you to download any software. Instead, they allow you to activate the robot through the provider's website which in turn - will trade at a broker that has partnered with the developer.

How to Choose the Best Trading Robot Software

The process of installing and deploying a trading robot is actually very simple. The difficult part comes in choosing a trading robot that has the potential to make you consistent gains. With thousands of such robot providers marketing their services online - knowing which one to opt for can be challenging.

To ensure you choose the best trading robot for your needs - be sure to consider the following recommendations:

• Win Rate and Performance: In selecting the best trading robot, you need to have a firm idea of how it has performed since it launched. Most providers publish a win rate and ROI in percentage terms. You do, however, need to see if there is a way for you to verify the provider's claims.
• Reputation: You will come across many trading robot websites that make bold claims of unprecedented financial returns. However, many of these providers are scams - so you need to do some homework about the robot's reputation.
• Price: You will likely need to pay a fee to obtain your chosen forex trading robot. In most cases, this is a one-time fee. With that said, some providers will instead charge a monthly subscription.
• Assets: To choose the best trading robot for your financial goals - you should think about what asset you wish to target. For example, while some robots focus on forex, others will target stocks, commodities, or even cryptocurrencies.
• Strategy: It's also wise to have a firm grasp of the strategy being utilized by the trading robot. For example, does the robot scalp small gains throughout the day, or does it look to enter the market when an asset breaks out?

There are many other factors that should be considered when searching for the best forex trading robot. But, these are the most important.

How to Get Started with the Best Forex Robot

If you're ready to start trading in a passive nature - the steps below will show you how to get started. Our walkthrough will show you how to trade forex and cryptocurrencies via Learn2Trade signals.

Step 1: Register at Learn2Trade

To get the ball rolling, you will first need to join Learn2Trade. The platform gives you two options in this respect. As noted earlier, you can elect to open a free account - which will get your 3 signals per week.

The premium account - which comes with a 30-day moneyback guarantee and costs £35 per month, will get you 3-5 signals per day.

Step 2: Join Learn2Trade Telegram Group

Once you have registered with Learn2Trade, you will then be provided with information regarding its Telegram group.

This is where the trading signals are sent in real-time, so if you haven't already got the Telegram app on your phone - download it.

Step 3: Open a Brokerage Account

Learn2Trade does the hard work for you by researching the financial markets and then telling you what orders to place. You will, however, need access to a top-rated brokerage site so that you can act on the signals.

If you already have a trading account that you are happy with - you can proceed to the next step. If you don't, eToro is a great option to consider. This is because the platform is commission-free, hosts thousands of markets, and is heavily regulated.

Perhaps most importantly, eToro offers a demo trading facility that comes with $100,000 in paper funds. As such, this will allow you to test-drive the Learn2Trade signal service in a 100% risk-free environment.

Your capital is at risk.

69% of retail investor accounts lose money when trading CFDs with this provider.

Step 4: Receive Signals

Now that you have a brokerage account and have joined the Learn2Trade Telegram channel - now it's just a case of waiting for your phone to bleep with an incoming signal.

When it comes, the signal will look like the following:

• Pair: USD/CAD
• Position: Buy Order
• Entry: 1.25942
• Stop-Loss: 1.25200
• Take-Profit: 1.26800

Step 5: Place Signal Orders

Once you have received a trading signal from Learn2Trade - you then need to head over to your brokerage site and place the suggested orders.

This is very straightforward, as Learn2Trade provides all requested order prices that need to be placed. As such, search for the suggested market, choose from a buy/sell order and then enter the suggested limit, stop-loss, and take-profit prices.

Learn2Trade - Best Forex Robot Signals 2021

There is no guarantee that you will make money with this provider. Proceed at your own risk.

eToro - An Alternative to Forex Robots

The main attraction when using a robot is, of course, the ability to trade in a passive manner. However, with much of the industry dominated by scam artists that make unproven claims - it might be worth considering an alternative to forex robots. At the forefront of this is the Copy Trading tool offered by eToro.

This online broker is regulated on three fronts (FCA, CySEC, ASIC) and is also registered with FINRA in the US. The Copy Trading tool still permits passive investments - much like robots do.

However, the key difference is that you will be copying an experienced and verified forex trader as opposed to a piece of unproven software. Most importantly, each and every trader that the investor has made at eToro is publically viewable.

For example, you can see how much money the trader has made each month since joining eToro, as well as other key statistics centering on maximum drawdown, risk rating, average trade duration, and preferred market. We should also note that eToro doesn't charge any fees to use its Copy Trading feature and all supported financial assets are traded without commission.

eToro - Best Alternative to Forex Robots

Your capital is at risk.

69% of retail investor accounts lose money when trading CFDs with this provider.

FAQs

What is the best trading robot?

With thousands of trading robots available in the online space - choosing a single provider is not easy. We have discussed 10 of the best trading robots on this page - so feel free to research these providers yourself to see if they are a good fit for your requirements.

How do I use a trading robot?

In most cases, you will first need to purchase and download the forex robot to your desktop device. Then, you need to install the file into a supported third-party platform - such as MT4. After deploying the robot It will start trading on your behalf.

How do I install a forex robot in MT4?

Once you have downloaded the robot file to your computer, open MT4 and click on the 'Expert Advisors' button - which you will find under 'Navigator'. Then, you will be asked to select the file from the location in which the robot was downloaded. Finally, you will be asked to activate the robot.

How can I write a forex robot?

Most trading robots are built using advanced programming languages - so unless you have an understanding of coding - you might find this extremely difficult. With that said, EA Builder allows you to build a custom robot strategy that you can then install into MT4. There is no requirement to understanding coding - as your strategy is built via drop and drag.

How much is a forex robot?

The best forex robots will charge a one-time fee that you need to pay to gain access to the downloadable software file. This can vary wildly - although in most cases will average $100-$300.

How do you know if a trading robot is profitable?

If you rely solely on the claims made by your chosen robot provider - there is every chance that you will be using an unproven strategy. As such, it is wise to run the robot through a brokerage demo account for at least a few weeks, to see how it performs in live market conditions. If the robot provider offers a moneyback guarantee, then this means that the entire process is risk-free. After all, you won't need to risk any trading capital, and if the bot doesn't perform well - you can simply ask for a refund.

What is the difference between trading robots and copy trading?

Trading robots usually come in the shape of pre-programmed software that makes decisions based on code. Copy Trading is the process of 'copying' an experienced trader like-for-like.

binary option robot demo account

Source: https://tradingplatforms.com/trading-robots/

Share this post