Legal Insider Bot is a binary options trading robot that is 100% automated. Legal Insider Bot has been developed by a hedge fund trader Greg Mark and it provides insurance against losses upto $500,000. Yes this is true. If a trader suffers losses wihile trading with this Legal Insider Bot, he or she is insured against losses upto $500,000. Legal Insider Bot works with 2 brokers, Banc de Binary and BeeOptions. Both of these brokers are providing insurance against losses upto $500,000.