Binary options signals are alerts that are used to trade binary options contracts, which have been derived after analysis of the underlying asset to be traded. When compared with its forex counterparts, binary signals are still at an early stage. But as the number of traders increases, and newer software applications and tools are developed, we will begin to see increased usage of signals for binary trading in the market.
Recommended Brokers Offering Free Signals
BDSwiss currently offer ‘trading alerts’. These are delivered via two traders: Alex Douedari and veteran forex trader, Frank Walbaum. The signals are supplied free, updated in realtime and deliver both a stop loss and a take profit level. The signals are not pushed – so if there are no suitable trades, then none will be suggested. Trades are not added purely for the sake of it.
Hirose also offer a signals service.
New crypto broker Spectre.AI also deliver signals, but are quick to point out that these should not be considered trade advice.
Robot Signal Services
Some ‘bot’ services will also deliver signals. This extra step in automation may suit some traders – but bear in mind the risk is hugely increased when trades are being made without direct input from you, the trader.
BinBotPro from the below list, deliver signals as well as an automated trading services.
Recommended Binary Options Signals Providers
Signal Hive gets BinaryOptions.net’s vote as the current best binary options signal provider
Signal Hive is a first of its kind, high-quality signals market place provides binary option signals delivered both by algorithms (robots) and human traders, both which are heavily vetted over many months. Education can be provided via the more comprehensive Blue Sky Binary service. Signal Hive is all about following the trader and is aimed at traders who just wish to point-click and have a good shot at growing their capital over time. BSB Research & Development (R&D) has worked on ensuring only the highest quality signals (robotic and human) are delivered on Hive, with the aim to keep quality in the 60-70% ITM range on a weekly basis (Regular infographics allow results to be analysed). If any signal or human trader experiences a prolonged period of under 60% ITM, it is deprecated and removed from Hive.
Signal Hive is a signals market place where you decide which human or robotic traders you follow, in order to receive their trade recommendations. Read Lotz’s Signal Hive review here. Having been launched a bit over 3 months ago and having achieved solid performance after 1,700 signals with an ITM% of 64%, the Hive increases your chances of capital growth over time and gives you access to advanced tools such as a Dynamic Asset Risk Engine (DARE) and Analytics which helps you manage your risk.
All Signals Providers
Signals Providers to Avoid
For a list of signal provider scams, visit our binary options scams page.