Different Binary Options Trading Platform Providers
Binary Options Trading Platform
For those that trade Binary Options one distinct difference between binary options trading it Forex Trading is a knowledge and understanding of the trading platforms they’re using. Most who trade Binary Options do not realize that a majority are Binary Option Brokers are using one of a handful of binary options trading platform providers. These platforms are built with the broker in mind. Many of these systems offer a CRM and many analytical tools for brokers to gauge effectiveness of their marketing and to manage their back office.
One of the first systems we will look at is TRADOLOGIC. The front end is described as a “lightweight high-performance trading solution”. The end-user has a choice of either a web-based training or mobile version. The system allows for a variety of option types to be traded. Payouts can be determined by the end-user. Some of the option types that are available include: high sports/low, touch/no touch, and Range. Tradologic also mentions that it offers a variety of financial instruments. This would indicate the tree to launch it is also providing the data feed to its brokers or subscribers. The source of the data feed according to trade a logic is from Leverate and also from Reuters.
The next provider we will look at his SpotOption. SpotOption has been providing binary option trading platform since 2009. They provide a solution to over 180 white labels. Similar to Tradologic SpotOption offers a solution to the broker with the broker in mind. Also similar to trade a logic spot option offers web-based interface is as well as a mobile trading platform. Users can choose either the iPhone or Android versions. SpotOption is a provider to some of the most recognize names in Binary Options including: Bank de Binary, Option Rally, and Top Option.
The third of the Binary Option Trading Platforms we will look at is FX Lite which is provided by TradeToolsFX. FX lite is an additional plug-in which works in conjunction with Meta Trader 4. The FX Lite plug allows traders to trade binary options directly in MT4. Unlike some of the other providers FX Lite uses the data feed of the broker so Traders can trade Forex, CFDs, Metals as well as Binary Options all in one account. The fact that Forex and Binary Options are in the same platform offers traders some of the most transparency as far as trading platforms go. The assets available may vary from broker to broker. This product has been very popular among binary option traders that use indicators or other tools that would require the functionality of Meta Trader 4.
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Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial investment. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade if you can afford to carry these risks. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary
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