Binary Options Platforms

April 16, 2012 9:11 am

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Most Binary Options Brokers use a ready made trading platform. There are some exception, but the vast majority use an existing platform. This has both advantages and disadvantages of course. The major advantage is that the platform is tried and tested and will exhibit very little niggles or bugs when launched. The disadvantage is that everybody have similar features, with none really standing out from the rest. Binary Options Trading is fairly new and we will see advances in technology as time goes by. It wouldn’t surprise me if we will soon see MetaTrader offered as a trading platform by some broker. MetaTrader is now uses for spot Forex but could easily be adapted to Binary Options.

Let’s now take a look at the trading platforms available to us. Before we start going into them individually I would like to state a few thing they all have in common. All these platforms are web based, in other words there is now software to download and install. The chart quality is very low in fact so low quality on some platforms that I am amazed how someone actually can trade from them. Having mentioned the commonalities lets take a look at the platforms:

  • SpotOption
  • TechFinancials
  • TradeSmarter
  • Tradologic
  • MarketPulse
  • AnyOption
  • EZTrader
As far as I know, AnyOption is the only one using their proprietary trading platform. The EZTrader and TechFinancial (for example 24Option) platforms have very few Binary Options brokers connected, perhaps just 2 or 3. The others have quite a few, especially SpotOption seems for some reason to be very popular. Could be as many as 50-60 brokers using just this single platform. After them I would say Tradologic (for example OptionBit) comes in, quite some brokers using this trading platform as well. TradeSmarter (for example TradeSmarter) and MarketPulse (for example Opteck) both have something like 10 brokers connected.
All brokers within the Binary Options industry are so called ‘White Label’, meaning they basically only change the branding of the site. Most other are the same. Of course some brokers go to lengths to differentiate them from the others using the same platform, for example Banc De Binary. This Binary Options broker have quite a different look and feel compared to other SpotOption brokers such as CitiTrader or iOption.

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