BINBOT PRO REVIEW 2024: SHOULD YOU SIGN UP WITH THE BROKER?

WHAT IS BINBOT PRO?

BinBot Pro is third-party software that allows you to trade with several robots. Sitting back and letting a bot make you money may appear to be simple.

I wish it was as simple as the bots tell us. Let’s dive into the details to learn when it entered the market.

BinBot Pro, an automated trading platform, was introduced in 2016. The bot enables traders to trade both fiat currency and cryptocurrency. When you visit the broker’s website, you will see:

• No regulations or licensing
• Only email and chat support options don’t seem to work
• No ‘about us’ page
• Collaboration with shady brokers
• No transparency or privacy policy

BinBot Pro homepage

Scam robots, such as BinBot Pro, commonly collaborate with scam brokers. You may read our guide on scam brokers and how to avoid them.

With these brokers, you have little chance of gaining any money or getting your investment back.  In addition, BinBot Pro has fraudulent awards on its official website. I was unable to find any source for these awards.

WHAT ARE BINBOT PRO REGULATIONS?

Like many traders, I was concerned about BinBot Pro’s regulation. I wondered why BinBot Pro still lacks regulatory information even after so many years.

Can you take a guess? Let’s see what I found about BinBot Pro’s regulators.

The people behind trading robots, in general, do not wish to be regulated or to follow the law. Apart from a few exceptions, most automated robots have no legitimacy.

BinBot Pro belongs to that unregulated list. They have mentioned this on their website, also.

BinBot Pro regulations

HOW DOES BINBOT PRO WORK?

I told you when BinBot Pro stepped into the market. But how does the platform work? Does it work differently from others? Let’s take a look!

Centobot is compatible with BinaryCent, Videforex, Raceoption, and IQcent. These brokers are also unreliable. I have written reviews about all of them, and you can see their reviews here.

BinBot Pro is an automated system, so it completes the trades automatically. You may either use pre-made trading robots or customize your own. According to the platform, there’s a three-step process.

• Pass through registration
• Activate trading account
• Relax while you double or triple your trades.

You can also create a demo account to obtain a general overview. The demo account provides you with a virtual $1,000 to trade. You do not need any technical skills to use the bot, and you can invest in currency pairs and cryptocurrencies using BinBot Pro.

Selecting a robot that works with the assets you wish to trade is the next step. They arrange these bots according to their recent relevance. You can see the bots on the left side of your BinBot Pro platform.

The robots available on the platform are

• RSIMA Cross Robot
• xProfit Robot
• Ichimoku Crypto v2 Robot
• Rising East v1.2 Robot
• HP Cycles Robot
• Strong ADX v2 Robot
• Strong US v2 Robot
• Bolly Band Bounce Robot
• RVI & MA Robot

WHAT TRADING INDICATORS ARE AVAILABLE?

In BinBot Pro, there are six main trading indicators. Each indicator has its pros and capabilities for analyzing the market.

• ADM Index
• Commodity Channel Index
• Momentum Indicator
• RSI
• RVI
• AROON

BinBot Pro indicators

HOW SAFE IS BINBOT PRO?

Almost all traders trust regulated brokers. As I’ve discussed earlier, BinBot isn’t regulated

Can we still consider this a safe one? Let me tell you more about it.

When trading is active, the trades are not visible to the user. You must wait till the trading completes to determine your profit. The trading time is quite quick.

In 60 seconds, a trade opens and closes. When you join up, the platform guarantees to secure your personal information from hackers. Given the general lack of safety, I’m not so sure. If trading with a company that is regulated is important to you, check out our Pocket Option Review.

WHERE IS BINBOT PRO LOCATED?

Knowing the broker’s location provides an extra level of authenticity. We all search out the location of every broker we want to try. But does BinBot Pro have a location? Let’s see!

Despite being in the market since 2016, no one knows where BinBot Pro is. BinBot Pro hasn’t given its address on its website or social media pages.

WHO OWNS BINBOT PRO?

When we invest in anything, I think it’s important to know who owns the company. Traders feel more certain that their funds are safe this way. But who owns BINBOT PRO? Let’s find out!

It isn’t surprising to me that BinBot Pro hasn’t mentioned its ownership.

HOW TO CONTACT BINBOT PRO?

Whenever we use a platform to trade, we need assistance. While most brokers give various options to contact their customer support, BinBot Pro only gives two options. Another major red flag! Let’s see what they are.

The first option is email.

The other option to contact them is via live chat on their website. It pops ups immediately when you load BinBot Pro’s website.

They have also mentioned their social media accounts. But when I opened up their Facebook link, here’s what I found.

HOW TO DEPOSIT/WITHDRAW FUNDS INTO BINBOT PRO

It is important to know the withdrawal and deposit methods. BinBot Pro provides several payment methods. These payment methods are quite simple. Let me tell you the whole procedure.

Click the “Account funding” button.

After registration, you will be sent to the payment page of the broker you have chosen. There are no fees associated with this trading bot.

Earnings from affiliated brokers are subject to a withdrawal charge. These costs might be as little as 5% of the amount withdrawn. Some of the approved payment methods are as follows:

• VISA
• QiWi WALLET
• WebMoney
• OKPay
• Perfect Money
• Bank Transfer
• Neteller
• Bitcoin

It is also mentioned on the website that withdrawals are processed using the same methods as those used for deposits. Also, the tutorial video on their website claims that you can get the money in your bank account one hour after withdrawal.

BinBot Pro payment options

DOES BINBOT PRO OFFER PROMO CODES?

Promo codes have always been an amazing idea to encourage traders. I personally always search for promo codes. But what about BinBot Pro? Let’s find out which promo codes BINBOT PRO offers.

They haven’t mentioned promo codes anywhere. The whole time I used this bot, I didn’t notice any promo codes.

DOES BINBOT PRO OFFER BONUSES?

Like promo codes, bonuses are also a treat for everyone. Whenever I get a bonus from a broker, I’m excited. So, does BinBot Pro offer them? Let’s see!

Nothing! BinBot Pro doesn’t offer any bonuses at any point to its users.

DOES BINBOT PRO CHARGE TAXES ON PROFIT?

Nothing comes for free in this world. Most brokers charge taxes on profits. You must know before trading how much tax you will pay on profits. It makes things quite clear for the traders if taxes are visible.

BinBot Pro hasn’t clarified anywhere on its website the situation regarding taxes on profits.

HOW DO I MAKE MONEY WITH BINBOT PRO?

I found BinBot Pro while writing a review for Centobot. So I went to their website, and the interface explained everything. Centobot and BinBot Pro look identical.

These are the things I discovered: no ‘about us’ section, no location, no restrictions, and negative reviews. After an additional search, I decided to make a demo account on the platform.

So I’ll tell you all you need to know about the platform to avoid it. Let’s first hear what others have to say:

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