Option Robot vs Forex Robot

If you are interested in robot trading there are now two instruments you can choose from:

You can essentially use the same trading indicators to produce the same signals but use one or both instruments to place a trade on an underlying asset like a forex pair.

Similarities

  • Can trade forex pairs
  • Can use indicators to form trading signals

Differences

Binary Options

  • You trade on the difference in price at pre-chosen expiry time
  • Faster trading

CFD

  • You trade on the difference in price at the time the contract was open and closed
  • You can trade with leverage allowing you to trade with more money than you have
  • You can also set a stop loss
  • You can also trade cryptocurrencies
  • No fixed expiry times
  • Weekend trading with crypto currencies

Click here to start Forex Robot trading with a CFD broker.