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On binary options market, Algobit is present as an automated robot, developed by OptionBit broker.
Algobit presents itself as a signal provider, available on the global market as well as a South African market.
Algobit robot is presented for a few years now and seems as a popular choice for South Africans interested in binary options auto trading.
Further, in Algobit robot review, we’ll take a closer look of its platform and what does it offer to registered South African traders.
Trading with Algobit Robot
As an auto trading binary system, Algobit delivers trading signals to registered traders and brings more simplicity to binary trading process. Algobit analyzes market situation and how do price of underlying assets reacts and what is its price fluctuation.
Once signals are generated, they are delivered via Algobit trading system which then use them in this binary automated process and inform traders about potential successful trades.
Our Algobit robot review showed us how this automated trading software is easy to use and requires no download. They claim to offer up to 81% profits on successful trades. Also, platform is simple to use thanks to its user-friendly interface.
How to Use Algobit Automated Software?
From their beginning back in 2012, Algobit’s team of experts try to deliver simple and yet powerful platform for trading binary options in an automatically way. In regards to Algobit performance, it seems they have very good results which makes them one of the widespread robots in binary options industry.
As noted above in Algobit robot review, this binary signal provider is free and traders don’t have to pay any additional fees. However, to open an account with Algobit, traders are required to make a deposit with OptionBit binary broker in amount of $200.
Once trading account with OptionBit is completed, traders in South Africa are able to finish registration process with Algobit robot also. Traders have to provide following information: first and last name, email address, password and phone number.
This binary auto trading robot is a part of OptionBit platform but works completely independent. It means how traders need to be OptionBit account holders but to use Algobit, they can use it completely independently from OptionBit broker. It means traders don’t need to have OptionBit site open during trading via Algobit software.
Algobit Trading Signals Accuracy
As a signal provider, it is Algobit’s main concern to generate and deliver trading signals to the registered traders. Of course, Algobit accuracy of binary signals should be as much higher if possible.
Algorithm used by Algobit robot is based on prediction of price movement on the market.
It is important to note how signals are generated in real time and will follow market trends automatically by providing top notch trading signals.
With Algobit, there is no required previous technical knowledge and entire trading process is done via this automated software which place trades on behalf the registered traders.
With Algobit software, traders are able to select between many expiry times, such as 60 seconds, 2 min, 5 min, 15 min, 30 min and end of day.
Algobit claims to collaborate only with top and trustworthy brokers in binary industry with whom it is safe to trade binary options with.
Binary Auto Trading with Algobit Software
Trading binaries with Algobit is simple and that is why this software is a great option for inexperienced traders but also professionals. Platform looks modern and yet simple in its use and traders in South Africa shouldn’t experience any difficulties.
Once signals are delivered to Algobit software, traders need to select a preferred time of expiry, exact amount they wish to invest, click on Trade button and confirm a trade.
By clicking on Analysis button, South Africans can refresh the site. This is recommended to do in order to be convinced how traders will get the latest data from financial market. It is important to mention how Algobit never executes trades itself. This software only delivers trading signals so that traders are able to activate the trade. Minimum required investment per trade is $10.
Algobit Performance – Binary Options in South Africa
To increase Algobit robot performance in binary industry, South African traders can use a selection of education tutorials and tips. For example, they have on disposal a handbook, a variety of videos etc which can be out of great help for traders, especially traders novice.
So far, Algobit results tell a story themselves as it seems they are a genuine binary auto trading software available on South African market.
What we find positive is the fact that minimum trade is just $10. Also, minimum deposit for OptionBit is set to $200.
As an OptionBit product, Algobit seems as legit way to trade binary options in an automatically mode. Traders are able to reach Algobit platform via OptionBit platform as well. Option to use manual or automated trading is always a good option to have.
Our Algobit robot review revealed how this software is available on several languages, such as: English, German, Italian, Spanish, French, Portuguese, Russian, Japanese, Dutch, Swedish and Arabic.
Maximum returns can go up to high 81%, which is attractive percentage for interested traders. Also, in case of any questions, traders in South Africa can turn to Algobit customer support service.
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