Cyprus-regulated binary options broker IQ Option announced it launches IQ Robots – an innovative service for creating and using binary robots on its trading platform. As a result, clients of IQ Option can automate their trading for free, with no coding skills required.
A binary option robot is a pre-built software tool that you can use to automatically make certain types of trades for you. There are now many different robots available for trading binary options on the market. The hard part is to figure out which robots actually work, and which of them are scam, much like binary brokers themselves.
IQ Robots are similar to the popular Expert Advisers (EAs) on MetaTrader4 for trading forex and CFDs: you can use ready-made or create your own. Clients of IQ Option, however, can create their own automated strategies without writing a single line of code. Via the Robot Constriction Wizard offered by the broker, its clients are guided to create trading robots composed of the most popular strategies based on technical analysis indicators (more than 20 available) step by step.
First, indicators are being added by simple drag & drop from the right side of the screen to the indicated fields. Then, after specifying the conditions under which the robot will trade, users may test their strategies on historical quotes, publish them (if they turn out to be good) and start trading.
Once a robot is published, it is also available to other traders for free.
IQ Option is a well-regulated broker that offers really good trading conditions: just $10 minimum initial deposit required, minimum position of $1 and payout up to 90%. IQ Option Europe is licensed by the Cyprus Securities and Exchange Commission (CySEC) to provide investment and ancillary services in the European Economic Area and cross-border services to countries outside the EU (Australia, Canada, China, New Zealand, Singapore, South Africa, South Korea, Russia and Ukraine). It is also registered by UK’s FCA, authorized by Italy’s Commissione Nazionale per le Società e la Borsa (CONSOB) and regulated by the French Financial Agents Register (Regafi).
According to its website, in 2015 IQ Option had 3 450 000 clients from 36 countries with an average of 1 million trades per day and an average trading volume of $100 million per month. Currently, the broker claims it has 11 million active accounts and more than 1.5 million trades per day. It also has an affiliate program with 12 000 members.