Brokers without limits suitable for bots?

babibabubabibabu Posts: 6
Hi,

It seems like most brokers do either not allow bots (e.g. HighLow, IQ Option) or limit the possible daily profit drastically (binary.com). Does anybody know a "serious" broker which allows bots, does not have (or relatively high) limits (profit nor turnover) and still offers returns > 80%?

If not, I would also just be interested which brokers you can recommend for bots.

Comments

  • OkaneOkane Posts: 1,270 admin
    Hey.
    No, I don't think any broker would allow it.
    The whole business model of Binary Options is having people trade them.
    I am sure you can sneak in a robot on this or that broker but if they find out the result is most certainly a ban.
  • babibabubabibabu Posts: 6
    Some (as binary.com) do allow it, but the limits seem to restrictive to me.

    I have read of successful people who got banned from brokers with the explanation that they are not allowed to use bots even though they didn't use bots at all. So yes, the risk of being banned is definitely there and as long as they have my money, I do not really want to experience this.
  • babibabubabibabu Posts: 6
    I have just learned about Nadex. Since it is a binary option exchange, I would be very surprised if they had a problem with bots or if they had any limits.

    @Okane, while searching the forum, I have seen that you mentioned Nadex a couple of times. Is there a reason why you did not mention it here? Just curious if there is a reason.
  • OkaneOkane Posts: 1,270 admin
    babibabu said:

    I have just learned about Nadex. Since it is a binary option exchange, I would be very surprised if they had a problem with bots or if they had any limits.

    @Okane, while searching the forum, I have seen that you mentioned Nadex a couple of times. Is there a reason why you did not mention it here? Just curious if there is a reason.

    I don't trade Nadex, @The_Geek_MH does, you can ask him.
    Hey @The_Geek_MH do you think he can run BO robots on Nadex?
  • The_Geek_MHThe_Geek_MH Posts: 605 mod
    nope.
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