Category Archives: Signals Trading

The Geeks Review Of BKTrading Binary Options Broker

Low Deposit Binary Options Broker

Not all traders are high rollers or have the flow to start with a large account. This is why low deposit binary options brokers are so attractive. They provide an easy way for traders to enter the market without blowing the rent money. There are a couple of great brokers with deposit under $50 but none based on the SpotOption platform until now. BKTrading is a new brand built on the popular Spot2 platform with a low $10 minimum deposit.

However, before you get too exited let me point out that the minimum trade size is $25 so you may need to start a little higher than the minimum. Even so, this is a very low deposit making BKTrading a great broker for new to trading or social trading binary options. As an added bonus BKTrading also includes the latest feature from SpotOption, CFD/forex style trading!

BKTrading Binary Options Social Trading
Broker
Regulated
Leader Board
Profiles
Copy Trade
AutoTrader
Bonus
Risk Free
BKTrader
NO
NO
NO
NO
YES
YES
NO



Full Review of BKTrading

BKTrading is the new binary options brand from Bauman&Kraus. It is built on the ever popular Spot2 platform and includes all the features you would expect from a top broker. They are operated by Actiserver Advertising S.L. with registered address Passeig De Saint, Joan, 160, 08307m Barcelona, Spain. This is a not trusted broker until further notice.

Banking is standard, except for the low minimum, and includes several types of bonuses. Payouts on standard high/low trading ranges around 85% depending on asset and time of day with the more exotic Ladder and One Touch options paying as much as 500%. The platform itself is very easy to use and one that I like; it is no secret I am a fan of SpotOption. I am pleased to see someone taking the time to focus on smaller traders with it.

  • Trading – Trading includes standard high/low digital options, Short Term options, Pairs, Long Term, Ladder and CFD/Forex. The High/Low, Short Term and Long Term are all the same except for the expiry; high/low are intraday, short term include the 30 and 60 second options and Long Term has expiry running out to 6 months on some assets. Pairs are assets such as gold and silver, or Apple and Google, that are matched together and traded like a forex pair. Ladder are my favorite type of trading. These are over/under options with set strikes, the “ladder”, and higher payouts. This broker also has CFD/Forex trading, the latest addition to the SpotOption platform.
  • Banking – BKTrading support credit card and wire transfers for depositing. Minimum deposit is only $10 but as I mentioned, the minimum trade size is $25 so you may want to start with that amount. There is no limit to the size of the deposit provided your card will allow it. Withdrawals are processed within 3 days and will clear your account within 10 business days. There are no fees for withdrawals but there is going to be wire fee charged by the intermediary banks.
  • Bonus – BKTrading does have a bonus program. You will need to speak to your account representative to get specific amounts but a 150% first time bonus is not uncommon. This means a $10 minimum deposit would have enough balance to make one trade. All bonuses come with a 30X times volume requirement for every dollar of bonus you get. No withdrawals or requests can be made until this volume is reached or the bonus will be cancelled.
  • Social Trading/Copy Trading – This is a great place for new social traders to get their feet wet. The low deposit allows peace of mind because you can get into the market without having to worry about losing a wad of money you can’t afford. This platform does not have copy trading but there are some auto trading tools available and you can easily use it as your social trading platform with any tips or signals you like to follow. This is also a great platform for following along with the Geek Account. This is the account I use to provide tips and signals for social trading binary options.

The Geeks Review Of Cherry Trade Binary Options Copy Trading

Cherry Trade is one of the newest brokers offering iFollow copy trading. It was launched in 2015 and is among a new generation of SpotOption based brokers. The new generation of broker I am referring to is nothing official, merely a group of new and revitalized brands I have noticed. Because of this Cherry Trade and other brands like it will soon move to the forefront of the industry. But you don’t have to take my word for it, there are plenty of other opinions like this cherrytrade review, where you can read what the cherry users are saying.

iFollow, if you are unaware, is the social trading platform provided by SpotOption and the leading source of binary options copy trading. This means that when you choose this broker you are getting a cutting edge platform from a top provider, a combination that adds up to a highly enjoyable trading experience and the opportunity to make money social trading binary options.

Cherry Trade – Not Trusted Broker
Broker/
Approved
Leader Board
/Profiles
Copy Trade
/Forum
Bonus/
Risk Free
Cherry Trade
NO
YES
NO
YES
NO
100%
YES


The Geeks Review Of iFollow Binary Options Copy Trading

iFollow is my favorite platform for copy trading and Cherry Trade uses it to full effect. The platform is available directly from the regular trading platform and begins with a leader board. The leader board ranks all traders using the Cherry Trade platform by win rate and can be filtered by asset, a feature not available with other platforms. This means that you can choose the best trader for each asset and gain diversification as well as maximizing profits. The reason I like iFollow so much is the control it gives to traders through diversification as well as risk management. Spreading small trades around a variety of assets, rather than making large or repeated trades on the same asset, is only way that Cherry Trade provides for you to minimize risk.

iFollow binary options copy trading at Cherry Trade has the best available account management.
iFollow binary options copy trading at Cherry Trade has the best available account management.

The other tools that help you to control risk include the limit settings for each trader you choose to follow. Once you choose a trader you then set the amount of time you want to follow them, the amount you want to make on each trade placed in your account, and the total amount of money that is to be traded. You can follow for as short as one day, a week, two weeks, a month or as long as a year. Trade amounts can be set in increments starting with $50 and going up to $3000 and the total amount to be traded can be as much as $3000 too. A setting of 1 day, $50 per trade with $50 limit would equate to one trade. Move that limit up to $3,000 and then you have the chance of copying up to 60 trades in one day.

Cherry Trade Binary Options Trading

The Platform - You are not limited to copy trading because Cherry Trade also has a well rounded trading platform. Unlike some top brokers they support all of the most popular and most profitable styles of binary options. These include the standard high/low digital option trade, One Touch, Ladder Options and Pairs. Also, as a SpotOption powered broker they have one of the most extensive list of expiries available ranging from ultra short 30 second options all the way out to 12 months on the most heavily traded assets. In between you will find numerous intra-day and other short term expiries. The asset list is also quite full and includes over 200 commonly traded issues.
copy 1 of cherry trade platform
Banking – Depositing is simple but may be the one area where Cherry Trade could improve. They accept credit cards and wire transfers but not eWallets, yet. Regardless, credit card deposits are near instantaneous so you can get started trading right away, a wire may take a week or more depending on circumstances. Either way, you will have to provide the usual identification documents for withdrawal so you may as well get them ready as soon as possible. Withdrawals, the most important part of trading, are pretty fast but may still take up to 2 full weeks to show in your account.

Bonus – Bonuses and risk free trading is also available. First time deposit bonuses vary by account size and other promotions are offered from time to time. The standard bonus requirement is to trade 30X the bonus amount. Risk free trading is also available and what I prefer to a straight bonus. This means that your first five trades are covered with bonus money so if you lose them it will be replaced. This is a nice cushion for newbies and experienced traders that does not entangle you with a full bonus.

I’d like to put my stamp of approval on this one, they look great, have great features and talk a great game. Unfortunately they have received a number of complaints about accounts, withdrawals and pushy managers so I can’t at this time.

Trading Binary Options Signals With Investoo.Com Indicators

Investoo.com is the latest binary options signal service provider to hit my radar. The service, unlike many of its shadier cousins, is one of the more useful, reliable and believable I have found. Not only do they provide legitimate tools free of charge they offer supporting services that are of real value.

A few things that caught my eye include that they claim a winning rate of only 75%, they make no claims to the infallibility of their product and go so far as to say that using their tools successfully takes more than blindly following the signals. This may sound like smoke-and-mirrors or an attempt to brush off responsibility but once you delve into what they have to offer you will realize, as I did, that this is not just some affiliate marketing scheme.

copy 1 of investoo-learn-to-trade

Investoo.com is a resource for binary and forex traders. The site is focused on education of traders based on commonly used and accepted indicators. Their services are multi-layered to fit the needs of all levels of traders from pure copy trading all the way through those who truly wish to learn to trade for themselves. The services are based on three indicators systems intended for forex and adapted to binary, including one system developed exclusively for binary.

These systems use PSAR, MACD, ADX, moving averages and stochastic to generate signals. Each system can be applied to any commonly traded forex pair as well as heavily traded indices, stocks and commodities. They can also be used on charts ranging from 5 minutes to daily and generate appropriate signals for each. The indicator packages download directly to your MT4 platform where they create visual and sound alerts. Additional benefits of membership include access to over 125 video courses designed to support the indicators and signals.

  • PSAR – This system uses PSAR and ADX to pinpoint reversals and trend following entries. It is a great tool for generating signals on short term charts but is also reliable on higher time frames. This system has a stated win rate of 75% and may offer the most signals per day of any of the three.
  • MACD - This system is based on MACD and targets swings in the market. The MACD signal system is intended for use primarily in the forex market but can be used on any liquid asset. It is great for range bound assets as it delivers both call and put signals but is also highly effective in trend following situations as well.
  • BO Indicator – This is a more proprietary system based on stochastic and moving averages. It is designed specifically to binary options but can be used to trade forex too. It seeks to target reversals and overbougth/oversold conditions as entries for short term directional trading.


Investoo.com Binary Options Copy Trading

The basic membership is free and includes access to the three indicators. The indicators are great tools but not infallible as they generate both buy and sell signals regardless of trend, market conditions or support/resistance. They provide possible entries, but final decision is based on individual trader analysis. This is fantastic for those who like to trade on their own and are seeking a good tool, or for those who are learning and would like a frame work for signal generation but be prepared for a learning curve.

I can definitely recommend these tools, mostly because they are based on indicators I already know and love, namely the MACD, stochastic and moving averages. I can also recommend them because they provide a solid platform for learning. The tools are supported by the introductory and beginner level videos but to get the full video course you will need to upgrade to the pro version.
copy 1 of investoo_123
The Pro version gets you the entire package including signals vetted by pro traders and published on the website, all three of the indicator systems and access to the complete video library. The full package is only $99 and does not require a deposit, however, you can get the package free if you make a deposit with a supported broker. There are over 100 signals posted to the website daily with an average win rate of 60-70% depending on which assets you follow and how many trades you make. Signals are given for all of the commonly traded pairs and are available for short and long term trading up to end of the week and one week expiry. Signals can also be received through email or SMS for mobile trading.

Click Here For Sustainable Profits

Investoo.com is a solid source for binary options signals and copy trading. The service uses well know indicators, not some secret formula, and is supported by a full educational program intended to get you trading on your own. The cost is small at $99 and easily gotten for free with deposit, a real bonus for those who have yet to open an account or those ready to open an account with a new broker. I will be testing the tools myself so be on the lookout for future updates.

How To Copy Trade Binary Options

Copy trading is a great way to enter the markets, have some fun and make a little money. It takes all the hassle of having to choose assets, analyze markets and speculate direction while allowing you the opportunity to make money. The thing is, not all copy trading is the same. Not only are there differences between platforms, there are differences in styles of copy trading and multiple avenues of trading for you to choose from. The answer to the question “how to copy trade binary options” is very carefully. While it is possible to reduce risk, it is also possible to increase it so a little education can go along way toward helping you have a satisfactory experience. The most important thing, as with all forms of trading, is to choose the method best for you.

The easiest way to copy trade is of course to follow a signal service provider, auto-bot or or other automated system. These are websites and programs that generate signals and then either send them to you or execute them directly into your account. These are OK but not my top choice. Automated trading takes all the fun out of the market, you have no control of the trading and are at the mercy of the system. It is possible to make money with these but it is not the norm. If you really want to use an automated system to generate signals I suggest using something like the Boss Indicator. The Boss Indicator is a custom indicator for MT4. It is based on over 100 individual indicators and shows the probability of the next candle being bullish or bearish, perfect for binary options. The tool is great because it generates probability signals based on 5 years of past data and also allows you to use your own judgement on whether or not to enter a trade.


Is It Really Copy Trading?


Other methods of copy trading involve following the trades of actual traders, a method I like much better. There are generally two different styles and they depend on the platform and how expiry works. The first kind I call “spot copying”. This is is where live trades are posted as they are made. Each trade is listed with the name of the trader and some data including the traders win rate, obviously you would want to copy traders with the highest win rates. If you like a trade that you see you can copy it. This will place a trade on the same asset and all you have to do is enter a trade amount. Expiry for this style of copying is usually short, like 60 seconds up to an hour, and perfect for those who like that kind of trading because it is in effect nothing more than a signal to enter a short term trade. Binary1000.trade is one place where you can trade like this.
bin1000copytrading
The “managed account” style of copy trading is much more prevalent and my favorite by far. This style lets you pick traders from a leader board and follow them in your account. The number of traders that you can follow at one time will vary from one platform to another but is generally only limited to the size of your account. I like this style because it is very similar to trading ETF’s or other risky, high return investment vehicles based on the underlying performance of the “asset”. The asset in this case is the trader or traders you follow. Their performance becomes your performance when you follow them. Most leader boards will allow you to filter traders by asset at least so you can get a form of diversification in your account as well.
f ifollowchoices
A good copy trader can make a lot of money by keeping up with the performance of each trader and making adjustments to their account as needed. . . hence the reason I have term it managed binary options copy trading. The best platforms will allow fine tuning so that you can limit the size, number and duration that you follow in each trader in your account. The top platforms at this time include AnyOptions CopyOp, SpotOptions iFollow (found at a number of top brokers) and CTOptions Binary Replicator.


Dashboards Can Offer More Advanced Social Binary Options Copy Trading


Now, if you really get into copy trading you might be interested in a more advanced platform like the BOAT (Binary Options Auto Trader) or Trade4Me.com. These are both advanced, stand alone, third party social trading platforms that each have a set of unique features. The BOAT, not to be confused with an automated trading system of the same name, is at first an auto-trader, but is also a signal generator that can be linked to MT4. Not only that it can also use your own custom indicators, all you have to do is ask the company when you sign up, they will be happy to help you.
BOAT_auto_copytrader
The BOAT is also a platform for social trading because it allows traders to post trades, and for you to follow them. The Trade4me.com copy trading platform is similar but focused on copy trading. It is a dashboard where you can hook up with top traders, follow them and have their trades executed in your account. The beauty, and main difference over broker run copy trading, is that you can link multiple accounts and are not limited to only one broker. Another difference is that trader profiles are much more complete.
Trade4me.com Profile
Trade4me.com Profile

I’m sure by now you get the idea of how to copy trade. The next step is to check out the sources I have listed and see how each may or not fit your needs and wants. After that comes the hardest part, and the most fun… choosing a trader to follow. It may seem easy, and can be, but offers its own unique challenges. Look out for my next piece which will go over who, how, where, why and when to follow.

The BOAT For Binary Options Social Trading

The BOAT, Binary Options Auto Trader, is more than just an automated trading system. It is a platform for social and copy trading that may in fact be the top trading tool on the market.

The BOAT Copy/Auto Trading Dashboard
Broker
Leader Board
Profiles
Copy Trade
Signals
Bonus
IG + Binary.com
YES
YES
YES
YES
By Broker


Features include copy trading the top registered traders and custom integration with your own MT4 indicators and tools. I spent several hours with one of the brains behind the BOAT, and learned quite a bit about this tool that I will reveal to you here and now.


What Is The BOAT


The BOAT is a binary options auto and copy trading platform. It is a company independent from any binary options broker able to trade on them through API interface, at this time Binary.com is their preferred broker. The cost is low and comes with three innovative methods of payment. If you do not have a broker you can sign up with one through their affiliate network for a free one year license or you can pay a $39 monthly fee or get the lifetime license for $199, which is what I recommend. Once you pay the fee and download the BOAT it’s yours. Set up is super easy, much easier than I expected and comes with free support to help you get going. If you choose to use the tools embedded in the system all you have to do is launch the BOAT, it will log in to your trading account for you and then you can start copy trading.

Trade4me Copy Trading Leaderboard

For more advanced traders BOAT links to your MT4 platform. There is an installed plugin, a custom indicator, that generates buy and sell signals with the use of EA’s. When a signal is generated you can either copy it yourself or set up the BOAT to auto trade the signals for you. The signals can be adjusted through the platform to fine tune them to each market and your trading style.

The team will also help you with custom indicators. If you have your own MT4 indicator or EA you can link it to the BOAT as well and use it to autotrade, or to sell your signals through their copy trading system. Any indicator that you have for MT4 that will generate a signal can be used with the BOAT. All you have to do is send the code to the team and they will add the autotrader technology to it

trade4me-advanced-charting


This Is How The Auto Trader Works


The BOAT can automatically connect to the broker. You enter your user name and password, all secure, and then the BOAT pulls up your account. You then set the amount of money you want to make with each trade, the expiry you want to use and the trade amount. There is a preset list of trade amounts in the drop down menu but don’t worry, you can change that in the custom settings because customization is the name of the game with this tool. . Then, once you click start, any signal generated by the indicator or trader will be autotraded in your account.

BOAT Copy And Social Trading


BOAT’s biggest  draw in my opinion is the copy and social trading aspects. Once approved you can copy trades from any one of their registered traders, chosen from the leader board. Traders are all verified and authorized before being allowed to post trades so you have some guarantee they aren’t completely bogus. They have a limited social network that supports profiles so you can learn about trader you may want to follow. In order to copy trades all you have to do is connect to the copy trading system, enter the code for the trader you want to follow and click start. If you want to post trades you can get authorized and build your own copy trading network with the BOAT system.

trade4me-stockpair-webtrader

Click Here To Climb Aboard The BOAT – Binary Auto Trader


Extra Features To The BOAT


I have found a few things that I really like about the BOAT. This platform is a one stop shop for signal service providers, auto traders, copy traders and social traders. All you have to do is sit back and monitor your account and watch it work. Yet another feature is the trade simulator. You can set the system up to simulate trading so you can test the signals and learn to use them effectively. All in all, this may be the top platform for making money social trading binary options.