Overview of Existing BO Platforms
What makes binary options easy and convenient is the presence of an integrated environment where traders can access relevant information, execute strategies, and win trades. Binary options brokers offer a variety of features that allow traders to have a better trading experience and a more robust portfolio. When binary options brokers do not provide the usability and receptiveness that every binary options platform should have, then traders leave their services for someone better. Therefore, binary options brokers have spent a significant amount of investment perfecting the right binary options platform for their clients.
However, does this mean that some brokers use a different platform other than their own? And, does this mean that binary options brokers and binary options platforms are two different things? Yes, they do, and yes, they are. Binary options platforms, as opposed to binary options brokers, are software (the same things that run your computer, your phone, and this website). They are created by a binary options platform provider, who partner with binary options brokers for deployment. Although the end results for these platforms are the same, binary options brokers usually want their own user interface, and certain features, and trade types.
We present a summary of the different binary options trading platforms so that the trader may be aware of the different technologies behind their favorite broker. Traders may find a feature of a broker’s platform to be very useful and efficient, and they should know to credit these benefits to the platform provider, not the broker (although some brokers have developed their own platforms successfully). Let us take a look at some of arbitrarily listed binary options trading platform providers.
TradoLogic
TradoLogic is a binary options platform that was designed to provide clients with a full set of services. The platform is dedicated to binary options trading, and it allows brokers to focus on marketing and building their customer base. Headquartered in Bulgaria and established in 2008, the binary trading platform was founded by financial, online gaming, and technology professionals.
Arguably, simplicity is the most prominent feature of the TradoLogic platform. The design allows binary options traders to place orders faster and with more confidence. As such, novices and investors favoring
Features of the platform:
- Payout display – allowing users for different display formats
- Dynamic payout – allowing users to structure their payouts
- High/Low Risk – Suitable for speculators
- Variety of Assets – more than 80 different exchanges and 500 financial instruments
Multi-currency ,multi-language , andmulti-time zone support
Brokers that use the platform:
TechFinancials
TechFinancials (previously known as OptionFair) launched its platform in 2010, but despite its relative delay compared with earlier platforms, it has taken binary options trading to higher levels with a modern and multifunctional trading system. Charts are amazingly clear and
According to their website, TechFinancials wants to simplify binary options. It offers brokers with simplified binary option software solutions that are suitable for the mass market audience. Their simplified trading methods provide an easy approach using a trading environment that serves as an ideal entry to the professional trading world.
Features of the platform:
- Very efficient platform with a wide range of functions
- Excellent usability
- Wide variety of assets
- Highly reliable performance
Brokers that use the platform:
24Option, OptionFair, and OptionsXO
AnyOption
AnyOption is a very
AnyOption offers one of the most
Features of the platform:
- Excellent platform performance
- Efficient trading
- A variety of options and assets to choose from
- Accurate prices and rates
Brokers that use the platform:
SpotOption
SpotOption claims to bring the best binary options solutions to investors. This may be justified because of its roster of highly reputable binary options brokers. It is easy to use and flexible. However, these seemingly restrained traits should not mislead traders to the true power of this platform.
The establishment of the platform in 2008 not only makes it one of the first platforms in the market but also brings its name to those among the top of the binary options industry. The interface of the trading platform consists of an attractive design that pays close attention clarity and
Features of the platform:
- Excellent platform functionality
- Very
user-friendly - Accurate price rates
- A number of trading options, assets, and expiry times
Brokers that use the platform:
TradeRush, Banc de Binary, TraderXP, Binary Banc, and 60 Options
ParagonEx
ParagonEx is a trading platform that is highly sophisticated and is specifically designed for the Forex market. Because of this, the trading platform has been less often discussed in the binary options industry. However, it has been intuitively developed to provide all the applications required to monitor and deal with the trading cycle. ParagonEx is equipped with all the latest software modules that provide maximum user satisfaction with advanced options. And because of this, despite its high sophistication, many traders regard ParagonEx as the simplest and most clearly designed platform.
Features of the platform:
- Highly accurate prices and rates
- Extensive asset list
- Buy Me Out and Rollover
- Clear and
easy-to-understand interface
Brokers that use the platform:
EZTrader
EZTrader is another binary options platform that is also a broker. In 2008, it started the development of its binary options platform, making it one of the first domains for trading platforms. Overall, its minimalistic interface and its ease of use are its strong points.
However, to some advanced traders, the EZTrader is not as easy as some other platforms, which might explain why EZTrader is not as
Features of the platform:
- Very
user-friendly interface (which could also be a disadvantage) - Uses LightStreamer for
real-time prices - EZMobile iPhone and Android app
- Great 24/7 customer support
Brokers that use the platform:
MarketsPulse
Markets Pulse platform is also robust system that can be controlled by the binary options broker. Compared with many
According to their website, “MarketsPulse specializes in B2B; meaning 100% of the focus is on technology, rather than competing with our clients by operating a retail trading sites of our own. Furthermore, the options platform was developed entirely
Features of the platform:
- High/Low
- Range High/Low
- One Touch
- Highly accurate prices and rates
Brokers that use the platform:
TradeSmarter
The first regulated binary options platform in Australia was launched in 2011 and has since provided quality services to binary options brokers. TradeSmarter offers exclusive binary options trading platforms mostly for Australian clients but also for global investors as well.
A downside of this platform is its simplicity. Often, advanced technical traders are disappointed because of the lack of charting tools that are available on the platform. In other words, the platform is basically workable but limited.
Features of the platform:
- Straightforward design
- Custom dashboard – allows users to pin their favorite assets to the homepage
- Sentiment indicator – lets you view all current Call/Put ratios
- Multiple asset views
Brokers that use the platform:
O-Systems
A “social trading wall” also lets traders see a
Features of the platform:
- 100%
web-based - Limit Orders and
Roll-overs - Social Trading
- Mobile Platform
Brokers that use the platform:
123Binary, MarketsKing, BinaryO