Traders now have the choice of dozens of different online brokerage houses where they can trade binary options, each with their own positives and negatives. Instead of creating their own options trading platform, most online brokers run a binary options platform which was created by a third-party software developer. As with the different brokers, each of these binary options platforms has its own strengths and weaknesses, and you should consider the binary options trading platform a broker runs when deciding if you want to open an account with them.
While there are many different kinds of appearances and features that option trading platforms can have, the best binary options platforms all have certain things in common. They should be simple, easy to read, and easy to use. You should never have to worry about making the wrong trade or making a mistake because the information about the assets and the trades should be presented in an obvious and simple manner.
Additionally, the best options trading platforms have lots of assets listed which are available with just a few clicks of the mouse. Make sure that the broker you use runs a binary options platform that supports the kind of assets you want to trade. This includes looking to see if the options trading platform also offers One Touch and Boundary trades in addition to the standard put and calls. Generally, the more trading options that a binary options trading platform offers, the better it is.
Two of the best options trading platforms are SpotOption and Tech Financials, you will find most of the top brokers running one of these two binary trading platforms. Both offer hundreds of different kinds of trades in a simple and straightforward environment. They also offer additional features such as asset charts and customizable settings.
An advantage of choosing a broker who uses one of these binary options trading platforms is that you can learn to trade with a specific platform, and then have accounts at different brokers that use that platform. For instance, you might have three different account, but those three brokers all run SpotOption, so that you only have to learn to use one binary option platform. Always make sure to use a demo account when you first use a new binary option trading platform, so that you know exactly how it works before you put real money on the line.
As with choosing a broker, at the end of the day, the best binary options trading platform is going to be the one that works best for you. It should offer the assets that you want to trade, and it should be easy enough and intuitive for you to use. Remember, the options trading platform should be helpful and allow you to succeed, not get in your way.