A binary options trading gives us the ability to earn money right out of our homes. The expansion of this market is unbelievable. The first form of this exchange came to the internet at the end of the millennium and the business exploded. Since then the number of brokers and assisting tools increased exponentially to the popularity this form of exchange gained.
The introduction of the new trading market meant that there had to be a new platform that would make it less complicated. First platforms were very complicated as they were converted from other exchanges. But after that, people came out with new platforms specially designed for binary options. Right now we have dozens of platforms used by numerous brokers. Not all of them are trader friendly. We will list several of those that benefit all parties in this business.
The most widely used binary options platform
One of the best known and widely used trading platforms is the SpotOption. Some of the biggest brokers, including Banc de Binary, use this platform. It is user-friendly and very simple to learn. All tools are there, just a click away from the main page. This makes it easy to a trader to maneuver from one chart to another and so on.
This platform is updated on regular basis, and it is also reliable and has very short downtime. It provides a great overview of the investment process. The primary reason behind its success is the advanced options it provides to the traders. These options include:
- SpotOption is one of only a few platforms that give the trader the option to create their trade. A trader can pick an asset, expiry date and risk level that will accompany the option. Other platforms are also implementing this feature, but SpotOption has a supreme system for it.
- You might think that Rollover and Double-up features are standard for all platforms, but that isn’t the reality. Only a few companies offer these features, and others are implementing them on the go.
Other notable binary options platforms
TechFinancials is one of the leading platforms in the world of binary options. It’s accurate pricing, and the very stable system ensures the quality time for every trader. This is an old platform that gets updated every few weeks. Their pricing accuracy is something many other companies dream about.
TechFinancials implemented some tools (charts) that help trader follow assets they are interested in. Those charts are big and collapsible, and that makes it easy to follow several charts at the same time.
Tradologic is another platform that exists for a long time. It started in Bulgaria and right now it has dozens of branches across the world. The customization of the platform is enormous, and it allows players to change it to their liking. This enables a traded to focus on certain aspects of the page and remove those things that only take up space on the screen. Regular updates add new tools and fix others that go out of date.