Centobot hosts several trading robots, including one that is focused on forex and crypto-assets. This software also allows traders to create their own robots. Centobot was founded in 2017, and according to their website, has won the 2016 award for best binary option robot.
It was confusing because it was only established one year after it had supposedly been awarded an award. After some research, Centobot was found to be associated with BinBot Pro which has many trading bots. BinBot Pro, on the other hand, specializes in options trading forex and crypto-assets. This is the only difference between Centobot & BinBot Pro.
Centobot Regulation and Safety
Although Centobot is not currently regulated, this is common for trading bots. This software does not need to be regulated in order to function. It partners with brokers so you’ll need to verify if they are licensed.
Centobot has partnered with IQCent and RaceOption brokers as well as VideForex and BinaryCent. All these brokers are licensed according to their websites. However, only one broker mentions who regulates them.
Centobot will protect your sensitive data and information from hackers when you sign up. Centobot’s web site and web-based platform have SSL certification. This means that they can directly pass on any information you provide to them without being hampered by unwelcome third parties.
Top Recommended Platforms
Cryptocurrency assets are volatile in nature. Buy and trade at your own risk.
73% of retail investor accounts lose money trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
Centobot Features
Centobot offers unique features. These unique features are why Centobot is so popular.
These are:
- Demo account facility
- Profit rate 297%
- Minimum deposit $250
- Minimum investment $0.1
- Maximum returns 95%
- Robot trading platform that is user-friendly
- Support team for customers
- Trading platform that is web-based
- A trading robot that has won awards
- It is simple to register
- Crypto and Forex assets that are popular
- Personalize your robot
- More than 15 deposit options
- No mobile trading facility
Charting
Centobot is a third-party trading bot and does not offer charting software. Regular clients may not find it useful. Centobot instead displays a graph showing the profitability of certain bots.
This graph can be used by clients to determine if a bot is worth their time. Clients can also use the demo to test these robots. We recommend that veterans use third-party charting software in order to improve their bot trading.
Charts can be used when bots are used to spot market conditions, which allows investors to decide whether to invest heavily or little.
Centobot Mobile App
Centobot doesn’t have a mobile app. Instead, Centobot’s web-based platform allows access to all its services. Clients will find this advantageous as their system must be operational all the time, and should not be disrupted by the phone turning off or using less power.
Demo Trading
Centobot offers traders a demo account. The demo account allows traders to get familiar with the bots. The bot can only be run for one minute.
A demo robot can be run by traders on the top 10 trading platforms. Click on the robot you wish to demo and then click on “Robot Demo”.
The initial virtual amount is $1000. You can view your final balance after you have completed the trade.
Surprisingly the demo test ended with profits. The demo trading environment is quite different to the normal financial one.
Payments and methods
Centobot is not responsible for adding funds to your account. Your funds are transferred to your broker of choice. Centobot partners with brokers to support payment methods such as wire transfers, credit cards, and online payment platforms.
Deposit
You can also deposit funds using credit cards, as mentioned previously. Both Visa and MasterCard are supported. You can also deposit Bitcoin, Litecoin and Etherum as well as Ripple and 14 other cryptocurrencies.
Brokers require a $250 minimum deposit. However, you should double-check the broker’s website as they may have different account types. Remember that you’ll need to pay a 5% transfer fee if you add funds with MasterCard or Visa cards.
Your account will reflect the amount that you have deposited immediately. There might be a slight delay if you make a deposit on weekends or holidays. You can rest assured that funds will be credited to your account within a day.
Withdrawal
You will need to request withdrawal from the platform in order to withdraw your funds. You will need to provide proof of identity and proof of address to the broker you choose.
You can also withdraw funds using the methods described above. There may be fees depending on the type of account. You will also be charged a transfer fee of 5% if you withdraw with your credit card.
Bonus
Centobot doesn’t offer any bonuses directly. Two brokers, Raceoption, and BinaryCent, offer 200% bonuses to customers who deposit $1,000. However, this bonus cannot be used to trade funds. The additional 200% cannot be withdrawn.
Conclusion
Centobot, a brand new trading robot that was launched in 2017, is now available for purchase. You discovered a problem when we checked their awards section.
After extensive research, we discovered that the trading software was legit and suitable for all investors.
We found one problem with their 2016 award.
Most importantly, unlike the binary.com robot for auto trading, your bot can be created by using at most three trading indicators.
The Centobot is another good way to invest your money. This software allows you to explore the financial markets.
