Passive Income Bot Review
There are a host of new websites offering means and ways to generate money through binary options and the use of the automated trading robots. Unfortunately, there are many firms which operate scams; this means it is essential to choose one which has a genuine approach and offers a fair service.
The Passive Income Bot does not appear to be a scam system. It was initially developed in 2014 although it has only recently become available to utilize. Passive Income Bot provides a choice of ten brokers which can be linked to the robot. Many of these are licensed; if you are looking to avoid being scammed you will select one of these regulated brokers. As a bonus, the Passive Income Bot software will allow you access to the demo part of the site; this ensures you know exactly what you are going to get before you commit to an account.
Review of the Passive Income Bot
Instead of the advertisements that many of the more dubious sites provide, Passive Income Bot keeps the site strictly professional. It is extremely well rated by the majority of traders and focuses on delivering results. Another reason why the Passive Income Bot software is not designed to scam you is the array of choices available to you regarding your own preferences and the levels of control possible.
Adjustable Passive Income Bot Settings
You can adjust an array of settings including your preferred trade length. The robot will allow you to trade from as little as one minute to as long as one hour; this can be adjusted by you according to market conditions and your comfort zone. It is also possible to set the amount of funds you wish to place on each Passive Income Bot trade. Options range from just $20 to $600.
Alongside this it is best to choose which analytical technique you prefer to trade with. The main options are Fibonacci, Classic and Martingale. An equally valuable option is the ability to decide the maximum number of trades you are comfortable with. It is possible you will be surprised at how many trades can be placed by the Passive Income Bot in just a few minutes. Until you are comfortable with the system keep the number of trades low!
It is also possible to specify which signals you wish the robot to act on. Once this setting has been created the Passive Income Bot software will scan the available options and place trades automatically in-line with your preferences. You can even choose to trade in one of the eight sets of currency pairs.
Select the Right Passive Income Bot Broker
A good broker will work with licensed and regulated brokers. Passive Income Bot is certainly one of these! You can select from in excess of ten brokers, several of which you will have heard of before. In fact, Passive Income Bot is still improving their systems: they are adding more reputable brokers all the time. You can select any broker you wish and be assured that your best interests are paramount.
It is also worth noting that the Passive Income Bot system makes no claim to provide a high accuracy rate. It does point out that every trader will operate in their own way and within their own parameters. This means it is impossible to state an exact rate of return as every customer of the Passive Income Bot system will have a different set up regarding risks and rewards. The level of controls available is one of the main reasons this automated robot has become a sought after option.