Different Binary Option Platforms

Different Binary Option Platforms Overview

Over the past few years, binary options’ trading has seen a kind of revolution. Although there are very many brokers offering binary options trading, most of them use a few common trading platforms. However, some platforms are developed specifically for a particular brand. As the number of platforms continues to increase, so does the functionality available to traders. However, a few have truly stood out over the years. It is important to note that there is no truly bad trading platform. Each binary’s option trading platform has its own unique feature that appeal to a specific clientele. Consequently, it is important that one know exactly what they are looking for by doing enough research.

TechFinancials Platform

The trading platform was previously known as OptionFair. It is one of the most secure trading platforms available in the market. It is simple to use, with a very user-friendly interface. The platform offers a number of unique features such as the Buy Back Option. This allows a trader to cancel a contract before it reaches the expiry date. Although the trader does lose some of their investment, it is not a total loss. The platform has become a favorite, especially among newbies of binary options trading.

In terms of returns, the platform offers some of the highest returns. This has made it a favorite among brokers, a testament to its reliability. The platform is simplistic and easy to understand for newbies. In addition, it offers a wide of assets for trade.

SpotOption Platform

This is one of the oldest trading platforms available. Consequently, developers of the site have had time to work out any kinks and have a vast wealth of experience. It is one of the most accurate trading platforms available. The platform has struck a deal with Reuters to receive accurate, per minute data.

The platform has some of the best options for risk management. In addition, they have a social platform known as iFollow. This social network allows newbies to follow the actions of experienced traders and learn from them. In addition, they have a very customer friendly support team. They offer twenty-four support. The site offers the sixty seconds trading options.

KeyStone Platform

This platform is a favorite among Cyprus-based binary options brokers. In addition, a forex broker developed the platform. The platform is designed towards short-term trades; however, it is not suited for use long-term trading speculation. For those looking to make short term speculation, less than eight hours. This is the best trading platform, it is web based and does not require one to install any software on their device. It is quick, with a very short lag time.

MarketsPulse Platform

This is one of the fastest upcoming trading platforms. As a result, the number of brokers using it is continually increasing. The user interface is easy to navigate and does not require any time to learn how to use it. Although it is not the most beautifully designed, the level of functionality is quite high.

The sight has made improvements to how one can chose expiry times. This used to be the only niggling issue about the platform. The site also offer the mobile platform, this is a convenient for users to trade wherever they are. One of its unique features is the ability for traders to trade directly from the charts provide.

Tradologic Platform

The company that developed the platforms trades under the name BNARIX. This is one of the most recognized names in binary options trading. The platform has a deal in place with Reuters. Under the deal, the site is regularly updated with market information for accurate trading.

Its best feature might be the ease of use. The ease of use makes it the best trading platform for newbies. With this platform, it is almost impossible for a trader to make a mistake. Its technology is one of the most efficient and bug free platforms. In addition, the platform allows one to close or extend a deal if they feel they might lose With a minimum trading amount of ten dollars, one can make a small investment to test out binary options trading.

AnyOption Platform

This is one of the oldest platforms available to traders. The platform has been available to individual traders since the year 2009. The platform has grown in popularity over the years to become one of the most popular trading platforms. This platform offers the traders the ability to access the platform directly. This platform offers some very innovative binary trading options. In addition, it has a speed trading option that has made the sixty-second trading option, offered by other platforms, almost obsolete.

The company’s use of a browser-based platform makes the website both stylish and easy to use. Consequently, one does not have to download software onto their device. Over two hundred assets are available from which to choose. With a maximum $3,000 possible investment, one can greatly maximize returns.

Trademaster Platform

This is the first trading platforms available in Australia for binary options. The platform offers a number of useful tutorials to beginners. This is especially useful since binary options’ trading is still relatively new in Australia. The risk management features available on the website are also quite useful. For instance, there is the option for low payout and higher refund or vice-versa.

The platform offers some very basic features. This is quite appealing especially to newbies who do not have much experience in binary options trading. It has a leaning towards Asian markets, over which most Australians have a good grasp. Overall, it is a basic platform, which is geared mostly towards beginners in Australia.
Conclusion

With Forex developers joining the binary options trading platforms development, functionality will continue to increase. In addition, binary options’ trading, which has been loosely regulated in the past, is coming under tighter regulation. This is good news for traders, who can continue to invest their money, knowing that it has legal protection. With binary options become more lucrative, the technology available will only become better.