Economy
Traders Union Guide To Maximizing Your Profits With Options Trading Bot In 2023
In this guide, Traders Union (TU) experts explained binary options, automated trading software, and robots, and they presented the best ones for 2023. The article covered the pros and cons of using these automated bots, various types of auto-trading software for binary options, and tips for selecting the right one. These bots follow preset rules, simplifying and enhancing binary options trading by removing emotional and psychological aspects from the process.
Binary bot for auto trading
An options trading bot can execute trades automatically based on preset parameters and signals. It involves using specialized software to execute trades automatically, following algorithms and signals, as well as the trader’s preset parameters. These bots handle day trading tasks, such as buying and selling, based on your criteria, strategy, and predictions.
According to TU’s analysts, they offer benefits like eliminating emotional decisions and saving time for traders, allowing them to multitask. However, there are concerns about the source and trustworthiness of some trading bots and the potential loss of human expertise and decision-making in trading.
Functionality of binary robots
Traders Union experts state that binary options bots are created to trade automatically without your continuous involvement. These bots use algorithms or copy successful traders to make informed decisions on binary options in real time. After downloading a binary options bot, you can link it to your broker account and customize it with your trade preferences, such as when to buy or sell, profit targets, and strategies. This allows for hands-free trading while adhering to your chosen parameters.
Top binary options auto traders and robots
TU’s experts consider that binary options trading can be made easier with automated trading software. These programs use algorithms to make smart trading decisions based on real-time data and user-defined parameters. Here is a list of the best options for trading robots.
1. Pocket Option
- Minimum investment: $50
- Features: copy trading and robot trading
- Platforms: MT4, MT5, Windows, iOS, Android
2. Quotex
- Minimum investment: $10
- Features: copy trading, advanced charting, responsive client support
- Platforms: Quotex’s binary auto-trading platform
3. IQcent
- Minimum investment: varies
- Features: copy trading from 10 signal providers
- Platform: IQcent trading terminal
4. Centobot
- Minimum investment: $250 (to use fully configured bots)
- Features: ready-made bots for algorithmic trading
- Brokers: IQcent, Videforex, Binarycent, RaceOption
5. VideForex
- Features: copy trading service
- Process: traders choose whose trades to copy, and pay a commission to the professional trader.
- No trading experience is needed.
Selecting the right auto-trading software
When choosing auto trading software, consider factors like reputation, customization options, and the provider’s trustworthiness. However, remember that no software can replace good trading practices in binary options, which are inherently risky and volatile. It’s crucial to understand how binary options and the market work. Successful traders continually study their chosen assets, market movements, and relevant news, and this learning process never ends – even with the use of a bot. Traders Union analysts emphasized that bots can’t eliminate the need for continuous learning and market awareness.
Trading with binary robots
Binary options robots can help traders do better, but it depends on many things. The quality of the robot is important. A good one that’s been tested can help you make more money. Also, the robot’s strategy and how the market is doing can change things. So, pick a robot that matches your goals and can deal with market changes and risks.
Conclusion
TU has provided valuable insights into binary options automated trading software and robots in this guide. They’ve highlighted the best options for 2023 and discussed the advantages and disadvantages of using these automated tools. While binary options bots can simplify trading by removing emotions and saving time, traders should remain cautious about their source and reliability.
By Adedapo Adesanya
The Nigeria Revenue Service (NRS) says the rollout of electronic invoicing (e-invoicing) will strengthen tax compliance, curb revenue leakages and improve transparency in tax administration as it moves to fully digitise the country’s tax system.
The Project Lead for the NRS e-Invoicing Project, Mr Mohammed Bawa, stated this at the DigiTax E-Invoicing Compliance Breakfast Session held in Lagos on Wednesday.
The event, organised by DigiTax, an NRS-accredited e-invoicing platform, formed part of efforts to support the agency’s ongoing education and sensitisation campaign on the e-invoicing mandate.
Mr Bawa said the initiative aligns with global trends in tax digitisation and is expected to help improve Nigeria’s tax-to-GDP ratio, which remains one of the lowest in Africa.
According to him, the system will provide the NRS with greater visibility into transactions across sectors, formalise activities within the informal economy and standardise invoice formats nationwide using globally recognised invoice schemas.
He added that e-invoicing would improve operational efficiency for both businesses and tax authorities while supporting the NRS’ transition from manual and electronic tax administration processes to a fully automated system-to-system interaction model.
Mr Bawa noted that the legal framework for implementation is backed by the Nigeria Tax Administration Act, which prescribes penalties for non-compliance.
He disclosed that the NRS has completed onboarding large taxpayers and is preparing to enforce compliance with defaulting entities.
According to him, medium taxpayers are expected to begin compliance in the third quarter of 2026, while onboarding of emerging taxpayers will commence in 2027, with full adoption targeted for all taxpayers by the end of 2028.
Mr Bawa urged taxpayers yet to be onboarded onto the platform to begin the process and work with accredited service providers to ensure compliance.
On his part, Country Director of DigiTax Nigeria, Mr Olumide Akinsola, urged businesses to look beyond their internal systems and assess the compliance status of suppliers and counterparties.
He warned that businesses whose suppliers fail to transmit invoices through the MBS platform risk losing eligibility to claim Value Added Tax (VAT) input credits on such transactions, describing the resulting supply chain exposure as a significant commercial risk that many organisations have yet to quantify.
Mr Akinsola also announced the launch of DigiTax’s white paper, The State of E-Invoicing Readiness in Nigeria, which examines compliance adoption trends and the readiness gap across different taxpayer segments.
He added that DigiTax operates in Nigeria, Kenya, Zambia and the United Arab Emirates (UAE), noting that experience from those markets shows businesses that integrate early are better positioned to avoid disruptions when enforcement begins.
By Aduragbemi Omiyale
The names of about 100,000 companies registered by the Corporate Affairs Commission (CAC) are about to be deleted for inactivity, especially for failing to file their annual tax returns, Business Post reports.
This information was disclosed by the CAC via a notice signed by its management on Wednesday, July 15, 2026.
The list contains organisations like the Nigeria-Poland Chamber of Trade Invest Ltd, Alariwo of Afrika Ltd, Ovation Sports International, First Union Pension Fund Administrators, Investopedia Limited, Baptist High School Abuja Ltd, and Yobe Aluminium Manufacturing Industries Ltd, amongst others.
In the statement, the commission said its decision to strike off the names of the affected firms from the register aligns with the provisions of Section 692(3) (3) and (4) of the Companies and Allied Matters Act (CAMA), 2020.
However, the affected companies can still salvage the situation by filing all outstanding annual returns and regularising their records within 90 days.
“Please note that companies that fail to comply within the stipulated timeline shall be struck off the register without further notice,” it declared, expressing its continued commitment to providing prompt and efficient registration and regulatory services to the satisfaction of its valued customers.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange gained 1.75 per cent on Wednesday, July 15, pushing the NASD Security Index (NSI) up by 74.20 points to 4,316.51 points from 4,242.31 points, as the market capitalisation added N44.54 billion to finish at N2.590 trillion compared with the preceding session’s N2.546 trillion.
During the session, there was an 11.5 per cent rise in the value of transactions at midweek to N72.7 million from the preceding session’s N65.2 million, as there was a 3.7 per cent growth in the number of deals to 28 deals from the previous session’s 27 deals, while the volume of securities slumped by 64.5 per cent to 4.9 million units from 13.7 million units.
At the close of trades, Great Nigeria Insurance (GNI) Plc ended as the most active security by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, with the second spot occupied by Infrastructure Credit Guarantee (Infracredit) Plc after selling 2.3 billion units valued at N6.5 billion, and the third position was taken by Central Securities Clearing System (CSCS) Plc, which exchanged 74.3 million units for N5.3 billion.
GNI Plc also finished the trading day as the most traded stock by volume on a year-to-date basis, with a turnover of 3.4 billion units traded for N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
Business Post reports that the market breadth index was negative yesterday, as there were two price gainers and three price losers.
11 Plc added N22.36 to its value to close at N250.00 per share versus N227.64 per share, and CSCS Plc improved by N7.95 to N90.35 per unit from N82.40 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc lost N1.37 to end at N150.00 per share versus N151.37 per share, UBN Property Plc depreciated by 6 Kobo to N1.75 per unit from N1.81 per unit, and Food Concepts Plc dropped 1 Kobo to close at N2.49 per share versus N2.50 per share.
