Algobit is a binary options signals provider that was developed by the popular broker OptionBit as an algorithm system that generate
s and delivers signals to traders. Registering for a trading account with Algobit will allow traders to trade on the Optionbit platform using the same account. However, they may also opt to trade Algobit signals with any other broker of their choosing.
Algobit has been on the market since 2012 and was awarded the Best Innovative Technology for 2012 award as well as Best product of the year in the 2012 Financial Innovation Awards (FIA).
This signals provider is actually perfect for beginners or newbies to the world of trading since the system does all the heavy lifting so traders don’t have to.
Signing up for an Algobit account is free of charge and even better, traders are not required to make a deposit to be able to observe and test the signals. More importantly, Algobit promises traders 80% accuracy in trend prediction.
If you have tested the signals and are satisfied, you can open a real account with a minimum deposit of $200. The minimum trade amount is just $5, you can make a total of 40 trades from your first deposit. When registering for an account with Algobit, you will be able to trade signals using the OptionBit broker platform.
OptionBit is one of the world’s leading binary options brokers, fully regulated by EU financial watchdog CySEC. They are one of the few brokers we will continue to promote, since being regulated demonstrates a certain standard of quality and moreover, for reasons of safety, we only recommend trading with a regulated broker.
How Do Algobit Signals Work?
Algobit uses an innovative technology to analyze and filter financial data from real-time market activity. In this way, traders do not have to spend hours on tedious research themselves. The system claims to help traders accurately predict market trends based on asset history and rate statistics.
The system is extremely simple and user-friendly so much so that traders do not need to have any technical skills to use it since it is self-sufficient and presents the information in a clear, easy-to-understand way. Simply follow the signals that appear on the left side of the screen to start winning consecutive trades.
Since traders rely on signals fro Algobit software, all they have to do is manually select the expiry time (ranging from 1 minute to end-of-day) of the option and the investment amount. The system does the rest. Traders can refresh the page by clicking the ‘Analysis’ button to make sure they have all the latest market information.
Algobit is not just for beginners; even experienced traders can benefit by making use of these signals since they would be able to place twice as many trades as they normally would because of the system’s automatic ability to generate signals twice as fast as manual trading.
Are Algobit Signals Accurate
Here at Fairbinaryoptions, we like to do our research thoroughly when reviewing binary options providers so we can inform our readers of the best providers in the industry as well as the ones that are not so great to trade with.
After testing Algobit signals, we are extremely pleased to report that their software proved to be remarkably accurate, delivering overall positive experiences and displaying best results for short term trades with 5 minute expiry times. This signal provider is a highly profitable choice for binary traders.