BlackBox Robot Auto Review

  1. BlackBox Robot Auto Review
    Markus Silvester
    BlackBox Robot is a new binary options auto trading software launched just a few months ago. This free software, like other similar robots, generates trading signals and places trades on your behalf. It claims to stand out from other from auto trading systems by only working with binary options brokers that are regulated by either... Read more
    BlackBox Robot is a new binary options auto trading software launched just a few months ago. This free software, like other similar robots, generates trading signals and places trades on your behalf. It claims to stand out from other from auto trading systems by only working with binary options brokers that are regulated by either CySEC, IFSC or ASIC, to ensure their customers are not exposed to the dangers of unregulated brokers or brokers with lax regulation. Read the full review to find out if BlackBox Robot is worth your time and money. BlackBox Robot – How it Works Although it is an auto trading software, BlackBox Robot states outright that it is important for traders to have some prior knowledge of binary options in order to use the robot. Traders must configure the robot’s settings according to their preferences; the system provides 4 of the more popular trading strategies to choose from: RSI, Price Action, Bollinger and Fibonacci.  Some configuration options include risk management settings like Daily Stop Loss and Take Profits. The Reverse Trade Feature allows traders to place the opposite trade to the signal generated. As previously mentioned, the robot prides itself on partnering up with binary options brokers holding licenses from reputable regulators. In fact, among the handful of brokers featured on the BlackBox website, are reputable brokers like BDSwiss, OXmarkets and BinaryCapitalMarkets. Most brokers will require an initial minimum deposit of $250 to begin trading. More importantly, BlackBox Robot allows traders to create accounts with multiple brokers in order to create and test different strategies. However, traders will not be able to use existing broker accounts but must create a new broker account via the robot software. The only major downside appears to be that the auto software is only available on limited assets, namely currencies. We were a little disappointed to find that there is no demo account available to test the software before signing up. A demo account is usually a great way to try out a system before investing and risking any money. BlackBox Robot Customer Service Customer care is an essential element of the trading experience; traders should always be made to feel reassured that they are making the right decision when investing their hard-earned cash. Unfortunately, we were a bit disappointed to find out that BlackBox Robot does not seem to have the most reassuring of customer service options; the only feature available is a live chat, however when trying to get in touch with an agent on two separate occassions, we were told there were no agents available to help us at that time and simply to leave a message for them to get back to us. The absence of phone and email support was a bit of a let-down. While they do provide an FAQ section, this is not very detailed. However, they mention that any issues customers have with brokers must be addressed directly to the broker and not to the BlackBox Robot. BlackBox Robot Company Information Another drawback of BlackBox Robot is the fact that there is no background information on the system and who created it. Moreover, unlike most other auto robots, the website makes no promises that this system will make traders any profit, meaning that they are implicitly stating that traders have no reason to count on their software to boost their trading ventures. BlackBox Robot Verdict BlackBox Robot claims to be “a real auto trading software for people who understand the risk”. We do appreciate that BlackBox Robot takes a modest, no-nonsense approach to auto trading, without any of the fancy and overly optimistic introductory videos and catchphrases we have become accustomed to in the binary industry. However, we advise traders to exercise extreme caution when approaching this system as there are no guarantees that the robot will help them to increase their capital. The website itself states that they “are not liable for any losses of money you incur by using this free software.”
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    BlackBox Robot is a new binary options auto trading software launched just a few months ago. This free software, like other similar robots, generates trading signals and places trades on your behalf.

    blackbox robot website

    It claims to stand out from other from auto trading systems by only working with binary options brokers that are regulated by either CySEC, IFSC or ASIC, to ensure their customers are not exposed to the dangers of unregulated brokers or brokers with lax regulation.

    Read the full review to find out if BlackBox Robot is worth your time and money.

    BlackBox Robot – How it Works

    Although it is an auto trading software, BlackBox Robot states outright that it is important for traders to have some prior knowledge of binary options in order to use the robot.

    Traders must configure the robot’s settings according to their preferences; the system provides 4 of the more popular trading strategies to choose from: RSI, Price Action, Bollinger and Fibonacci.  Some configuration options include risk management settings like Daily Stop Loss and Take Profits. The Reverse Trade Feature allows traders to place the opposite trade to the signal generated.

    blackboxrobot software

    As previously mentioned, the robot prides itself on partnering up with binary options brokers holding licenses from reputable regulators. In fact, among the handful of brokers featured on the BlackBox website, are reputable brokers like BDSwiss, OXmarkets and BinaryCapitalMarkets. Most brokers will require an initial minimum deposit of $250 to begin trading.

    More importantly, BlackBox Robot allows traders to create accounts with multiple brokers in order to create and test different strategies. However, traders will not be able to use existing broker accounts but must create a new broker account via the robot software.

    The only major downside appears to be that the auto software is only available on limited assets, namely currencies.

    We were a little disappointed to find that there is no demo account available to test the software before signing up. A demo account is usually a great way to try out a system before investing and risking any money.

    BlackBox Robot Customer Service

    Customer care is an essential element of the trading experience; traders should always be made to feel reassured that they are making the right decision when investing their hard-earned cash.

    Unfortunately, we were a bit disappointed to find out that BlackBox Robot does not seem to have the most reassuring of customer service options; the only feature available is a live chat, however when trying to get in touch with an agent on two separate occassions, we were told there were no agents available to help us at that time and simply to leave a message for them to get back to us.

    The absence of phone and email support was a bit of a let-down. While they do provide an FAQ section, this is not very detailed. However, they mention that any issues customers have with brokers must be addressed directly to the broker and not to the BlackBox Robot.

    BlackBox Robot Company Information

    Another drawback of BlackBox Robot is the fact that there is no background information on the system and who created it. Moreover, unlike most other auto robots, the website makes no promises that this system will make traders any profit, meaning that they are implicitly stating that traders have no reason to count on their software to boost their trading ventures.

    BlackBox Robot Verdict

    BlackBox Robot claims to be “a real auto trading software for people who understand the risk”. We do appreciate that BlackBox Robot takes a modest, no-nonsense approach to auto trading, without any of the fancy and overly optimistic introductory videos and catchphrases we have become accustomed to in the binary industry. However, we advise traders to exercise extreme caution when approaching this system as there are no guarantees that the robot will help them to increase their capital. The website itself states that they “are not liable for any losses of money you incur by using this free software.”

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