Binary options are more and more popular and companies offering binary trading services are more innovative than ever. In this article, traders will find review comparison of two popular services – Binary Options Robot and CopyOp.
Both services are respected and reputable in their own feed, as the major difference between them is that CopyOp offers social trading and Binary Options Robot auto trading services. Both types of binary trading have recently experienced great popularity, which makes the battle Binary Options Robot vs CopyOp even harder.
Binary Options Robot vs. Copy Op – Brokers Selection
It is very common that auto trading and social trading services offer some brokers that are recommended for trading binary options. Binary Options Robot and CopyOp are no exceptions to this rule.
Binary Options Robot takes great pride in their extensive list of popular brokers who are all reliable and well-known among binary traders. Also, they support traders to use several different brokers at the same time if they like. This way, traders are never limited to only one binary broker. They can combine brokers as they like which allows them better money management and strategy execution. Also, Binary Options Robot brokers differ in minimum deposit so they are perfect for all traders – from beginners to advanced ones.
CopyOp is in the ownership of Ouroboros Derivatives Trading Limited, just like prestigious binary broker AnyOption. This means that preferred broker, when using CopyOp, is AnyOption. Traders who have an account with AnyOption can use CopyOp for free while new traders have to make a deposit. This means that the trader is a bit limited when it comes to funds allocation.
Binary Options Robot vs. Copy Op – Trading Features
Binary Options Robot gives traders the opportunity to personalize their trading accounts. This means that Binary Options Robot never places trades by default, but according to setting determined by the trader. This way, Binary Options Robot users can avoid unwanted trades by limiting the number of trades, for example. Traders have the opportunity to use these Binary Options features:
- Daily Stop Loss
- Max Daily Trades
If they become VIP, traders can customize their trading settings on Binary Options Robot account even further by setting:
- Risk level
- Expiry times
Thanks to these features, trading with Binary Options Robot provides amazing trading experience to all types of traders, no matter how experienced they are. These features are very useful for all traders who take money and portfolio management seriously as they are not limited in any way.
On the Other Hand, CopyOp is based on copy trading and social trading and it utilizes the knowledge of other traders. CopyOp trading platform offers many possibilities for copy trading and market following. Traders can easily see what is going on in the recent past, what are the most popular assets and most profitable predictions.
CopyOp users can also create their own trades and make some additional profit that way. CopyOp success rate highly depends on the success of other traders, while Binary Options Robot is based on an advanced algorithm which means it is immune to human errors. Read CopyOp review here.
Binary Options Robot vs. CopyOp – Price
Binary trading is all about making money, so no wonder that many beginners find it impossible to use some expensive binary services, as they have no sufficient funds.
Good news is that Binary Options Robot is completely free. This user-friendly auto trading software also has a free VIP account that is available after a deposit with the broker is made. This amazing characteristic means that even beginner traders can become VIP when trading with Binary Options Robot.
CopyOp is free for AnyOption users, but they are required to make a deposit. During the registration process, the default deposit amount was set to $500. This might be a bit much for beginners as they prefer to trade with less expensive brokers. However, experienced traders won’t find this service to be too expensive.
Binary Options Robot vs CopyOp – Conclusion
Binary Options Robot and CopyOp both provide unique trading services that will be interesting to many traders. It is always important to remember users that there is no universal solution when it comes to selecting a binary broker, auto trading software, and social trading system.
All traders must take into concern their knowledge, funds available, as well as their trading style and goals. While CopyOp may be a solution for traders who are already experienced and already know basic analysis, beginners will feel more comfortable with Binary Options Robot as they don’t need to conduct the analysis in any way.
Also, modern lifestyle often leaves little to no time for proper education and understanding of binary trading, and that is when Binary Options Robot comes in handy, as traders can simply skip this step. After customizing their profile, they can watch the execution of trades and enjoy the profit.