dinsdag 10 december 2013

Best Binary Options Platform

Binary Options Trading - Info About How You Can Trade Like A Pro in No Time Up until this point, the majority of our focus has been more about the best binary options brokers and the various features that put one above the other.  With the exception of a brief rundown in the broker review sections, we’ve never really covered which broker offers the best binary options platform currently available to traders.  The following article discusses the various types of platforms, the companies that provide them and who in our opinion offers the best binary options platform today.
Best Binary Options PlatformBest Binary Options PlatformBest Binary Options Platform

Best Binary Options Platform – The Providers

As with anything that takes off like wildfire, there was originally just one provider of the trading platform that binary options grew and branched out from.  That company was SpotOption.  Based in Israel, this company coded and programmed a piece of software that allowed traders from across the globe to place binary options trades based on real time price movements of stocks, commodities and currencies without the trader ever actually owning the underlying asset itself.  Thus, binary options trading was born and has burgeoned into a huge and rapidly popularizing industry.
In our opinion, being the first on the scene doesn’t make you the best.  The SpotOption platform is basic and currently saturates the market as they release and partner with new brands every month.  At last check, there were over 100 binary options brokers utilizing their trading platform.  If binary platforms were a department store, SpotOption would be the Walmart of the group.
Then came others like the platforms released from companies like MarketsPulse, TradeSmarter and ParagonEx.  In our opinion, these three offer a more sophisticated trading platform to users and appear to believe in quality over quantity.  These companies don’t represent hundreds of platforms like SpotOption but rather a number in the dozens.  So for the purposes of this article, we’re looking at the binary options platforms from these four companies in relation to the features, popularity and overall trader experience.

Best Binary Options Platform – The Features

Rather than harp on about every little aspect that makes one better than the other, let’s just look at some of the more interesting features available.  Our first thoughts go to the platforms who offer a good mobile trading experience.  Right off the bat, we’ve found brokers who utilize the ParagonEx trading platform tend to offer a very good and feature rich mobile trading experience that functions perfectly on both Apple and Android devices.  uBinary is one of these brokers who have an incredible mobile trading platform that stands out far above most others.
Other features though seemingly an obvious point, are the charts.  We find the charts offered by brokers using the SpotOption platform to be bland and far too basic.  There is minimal information given on the charts, no study overlays, and very little in our opinion to offer a truly professional trading experience.  Things start to look better when looking at a broker like BeeOptions who have clearly spent more than five minutes thinking through their platform and layout.  The charts are more robust, the user interface is more simple and you just feel like you’re getting more out of the system.
Another interesting development that is very recent is the social trading feature that is popping up all over the web.  You can now see who is trading, what they are trading and track their performance.  For those of you looking to trade with friends and create friendly competitions, this is a neat way to do this.  uBinary again offers this very new and interactive feature to their traders.

Best Binary Options Platform – The Conclusion

For various reasons, our choice so far for the best binary options platform goes to uBinary.  Their platform is cutting edge, easy to navigate and gives the user the sense of really being able to connect with the markets.  Their mobile application is impressive and feature rich, their charts are more inline with real brokerages and their biggest selling feature is that they offer the low $100 minimum deposits where most other brokers are still asking for a $250 deposit.
This decision can change and likely will as new technology and brokers come to the market but for now, uBinary really has it all in terms of the platform, the service and the features.



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