The binary options platform you use to open and manage positions can have a drastic impact on your overall trading performance. Some platforms are pieces of proprietary software created by the broker who are the only ones that run on that specific platform, while other brokers utilize platform services created by other companies for their own brand.
Although there dozens of different platform options available for binary options trading, not every platform is created equal. Trading platforms can impact price entries, loading speed, payouts, the types of binary trades that can be taken, and much more.
Here are the top 3 binary options trading platforms currently on the market, based on our research.
SpotOption was created in 2010 and employs over 250 of the financial world’s best programmers, developers, and designers. Today, SpotOption is used by the world’s leading binary options brokers thanks to its simple design, easy to use interface, and abundant features. In 2015 SpotOption was named the “Best Binary Options Platform Provider” by Finance Magnates. SpotOption offers 9 ways to trade and can be used to trade well over 150 assets.
SpotOption Regulation: CySEC under license number 170/12
TechFinancials was established in 2009, is based in Cyprus where it is regulated by CySEC, and is a listed company on the London Stock Exchange. Apart from binary options trading, the TechFinancials platform is also compatible with standard Forex and CFD brokers. This platform is well-known for their pin-point accurate price quotes, intuitive interface, and sleek design. The type of binary options made available are traditional High/Low options, Touch/No Touch, Boudary, and Ladder options. They also offer a mobile app for a complete on the go trading experience.
TechFinancials Regulation: CySEC under license number 216/13
The Tradologic platform is currently utilized by 18 different binary options brokers, including OptionBit and Cedar Finance. Their option types are limited to High/Low, Touch/No Touch, and Range options. A few of their advanced platform features include the ability to auto-trade, apply leverage, receive signals, take part in a trading tournament, and have access to popular candlestick charts. The platform also comes with different skins and themes, as well as a number of widgets designed to make trading binary options a more fulfilling and enjoyable experience.
Tradologic Regulation: CySec under license number 224/14
If you are looking to start your own brokerage you should choose your binary options platform provider wisely, do the research you need to do before choosing one platform or the other and it is extremely important to choose a platform that is licensed and regulated by an internationally recognized regulator such as SpotOption, TechFinancials or Tradologic.
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