Binary Options Platforms
When you trade, your concerns will be these: Can I trade using my mobile or tablet device? Are trading sites secured? Which binary options types are available for this specific broker? Should I use different accounts for online and mobile trading? All of these questions are relevant to trading platforms used by brokers.
Among these trading platforms are Proprietary and White-Label platforms. The former is purchased by various brokers from software businesses while the latter is used exclusively by binary options brokers that developed them.
Because Proprietary Platforms are developed by specific brokers, they can easily decide on including new and distinct features not found in White-Label Platforms, such as the binary options types and expiry periods.
Binary.com is the most well-liked type of Proprietary Trading Platform. Its payouts, which range from $1 to $100,000, are enough to attract traders. Expiry time allowed for this Regent Markets Ltd designed platform is from 10 seconds to one year.
AnyOption may not be the most popular, but it’s among the finest in this specific platform since its launch in 2009. Unlike Binary.com, Anyoption is not available for purchase of brokers thus only those who developed them can use them.
StockPair should not be left behind as it has become prominent because of its Pair Options Trading, which works by picking a couple of assets and predicting which one will win at the end of the trade period. Because of this, traders are not burdened by monitoring how the market performs. The focus will be on these two financial assets. There’s Fixed Pair Options that monitors the progress of stock pairs from the moment the trader makes the purchase until expiry time. There’s also Floating Pair Options, where the end of the trading period has already been defined – it can be for a day, a week or even month.
Brokers that turn to software providers that create and sell trading platforms) referred to as White-Label Platforms) are those that have no sufficient resources, as well as people to create one. Because they want to concentrate more on their business, they rather receive and just modify an existing software product. The downside, however, is how far they can make modifications: it’s restricted. For one, they cannot offer every binary options types available in the market as they rely on the ones available on the platforms. Among these White-Label Platforms, the following are the popular ones.
SpotOption is the widely used as it does not necessitate download because it is web-based. MetaTrader 4 can be incorporated into this using a plug-in. This enables traders to make use of indicators and Expert Advisors when trading. SpotOption runs on Android and iOS and supports over 200 assets using various binary options types, such as High Yield Touch Options and Call and Put Options.
Tech Financials is a trading interface based on the web and comprised different versions for mobile devices using Android and iOS operating systems and it is founded on Orca+ trading technology and allows integration with MT4. Brokers cannot change expiry time. Tech Financials includes 60-Second High and Low Options and Boundary Trade.
Tradologic is the same as others belong to this platform: supports mobile devices with iOS and Android operating systems, is web-based and allows integration with MetaTrader 4. It however includes ChartPlus that permits trading using charts. Tradologic does not allow traders to customize expiry time. Touch/No Touch Trade Options, as well as Range Options, are among its types of binary options.