Automated trading systems in Forex, binary options or other markets are often touted as the "holy grail". Advertising of trading robots promises space money with minimal effort. In this case, often these programs are distributed absolutely free of charge.

 

Such wonderful trading robots that do all the work for the trader should at least alert an experienced market participant. Less often on Forex, more often when working with binary options, fraudulent schemes are observed. The broker itself offers the trader an additional way to make money with a trading robot. At the same time, the service is provided free of charge or for a nominal fee. The broker declares its desire to help traders in order to increase their deposit. The purpose of such assistance, according to them, is to increase the volume of transactions using a trading robot.

 

In reality, scammers resort to such methods. They give an optimized robot that shows a good income in a short time. A trader with a calm mind stops following the automatic assistant, and he begins to purposefully drain the deposit. As a result, when a trader checks his account, it is empty. The broker stays on the edge.

 

Naturally, such a situation with trading robots is not observed everywhere. More often, such incidents occur in the binary options market, where most brokers are not regulated by anyone. The forex forum constantly discusses up-to-date data on various scammers and their methods of deception. There you can also find lists of bona fide brokers, and those who should not be trusted. Remember that reputable and honest partners should be regulated by independent organizations.

 

There are no advertisements for trading robots on the pages of serious economic and exchange publications. In professional circles, this tool is not considered reliable. Nevertheless, traders actively use various Forex robots and even benefit from it.

 

Where to look for working versions of automated trading software? You need to look for information on forumforex and other thematic sites where experienced users share their trading robots.

 

What is the point of sharing an effective tool with others? Any profitable trading robot can be sold for good money. This will bring additional benefits to its creator.

 

Even the best trading robots bring the user a small income for a limited period of time. The ratio of risk of operations to total profit remains unfavorable, even with a large number of successful transactions. These observations are shared by the regulars of the forex forum. There you can also get acquainted with the arguments of professionals about trading robots in general, and specific systems in particular.