When you trade binaries, it is crucial for you to get a perfect platform. Choosing Best Binary Options Platforms is quite difficult, since there are a lot of small things to be considered at once. Also, each binary options trader has different needs, some need only technical analysis and web trading platform. The others are desperate in search for mobile trading and cannot imagine that best binary options trading platforms can be without mobile trading. Furthermore, choice of best binary options trading platform is also influenced by the availability of social trading.
While considering Best Binary Options Platforms Award,Binary Options Hub found out that most of the platforms try to provide similar features and interface. But SpotOption platform is the one that everybody desperately tries to look like. This platform offers everything you may need in your binary options trading. The list of its features starts from technical analysis and social trading and ends with news feed that you can use for better insights in your trading. Best Binary Options platform takes half of the binary options market and provides you with superb services.
Desktop App: NoTech. Analysis:Yes
Mobile Apps:YesSocial Trading:Yes
Binary Options Hub gives you the list of good binary options brokers that are using SpotOption Binary Options Trading Platform so you can sign up with them and try the platform yourself.
Best Binary Options Platforms Comparison
We decided to provide with two runner-ups for the best binary options title in case you feel that SpotOption brokers are not what you are looking for. These platforms offer similar services and features as SpotOption and are decent choice for every binary options trader.
Also, you can choose your own platform from our full list of platforms:
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Best Binary Options Brokers 2020:
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Binary Options Trading is certainly a great way to make money online. It requires less experience compared to forex trading, yet binary options trading also involves a significant degree of risk. Among the benefits of binary options, ease of access is the main one. Also binary options provide higher payouts within the lower timeframe. Another advantage of binary options trading is web platforms, no installation required. It is fun and exciting process, yet you need to have a decent binary options trading strategy – get one at Binary Options Hub.
Best Binary Trading Platforms
Binary Brokers vs Platforms
Many traders mislead the definition of binary options brokers and binary options platforms, Binary Options Hub is here to make it clear. Binary Options Brokers are the ones that supply you with services like customer support, help with deposits and withdrawals, various client benefits and so on. Binary Options Brokers are servicing you. Binary Options Platforms are the trading software providers, most of the Binary Options Brokers have a third-party Binary Options Platform. In other words, a Binary Options Platform is simply an options trading platform.
Best Binary Options Bonus
Binary Options Trading Bonus
Most of the Binary Options Brokers offer countless binary options bonus promotions. Binary Options Hub is here to guide you and make sure you only settle for the trusted binary options brokers. While deposit bonus at binary brokers tends to be from 20% to 200%, there are a lot of binary options scams. Do not settle for any offer before you found it verified at Binary Options Hub. In addition to this, Binary Options Hub always recommends to settle for smaller deposit bonuses, as they are easier to withdraw. Only best binary bonuses here!
Binary Options Hub is a website dedicated to making binary options trading industry more transparent, honest and reliable. Our mission is to supply binary options traders with honest binary options reviews and also to provide a detailed reivew of the binary options trading platforms. Note that binary options trading involves a high level of risk itself and it is much risker when you trade with unregulated binary options brokers. Also there are a lot of binary options scams in this industry. Binary Options Hub is here to guide your through the available offers on the market and assure that you are always making a right choice when it comes to selecting the best binary options broker or top binary options trading platform. Trading binary options is quite fun and exciting process that may also result in financial gains, however it is also very risky. Please note that Binary Options Hub does not take any responsibility for your investment decisions. Binary Options Hub also recommends you to consult with an expert before engaging into binary options trading activity. Please read our full disclaimer and risk warning to understand the risks of binary options trading better. Do not deposit more than you are willing to risk.
Let’s talk about platforms for binary options, consider mobile applications, their pros and cons for the binary options trader.
The widespread use of smartphones and tablets has enabled brokers to offer their customers additional services in the form of trading through mobile applications. The first mobile trading platforms were developed for Forex trading, since most of the clients traded on the foreign exchange market. However, over time, due to its simplicity, trade began to gain more and more popularity. binary options. Naturally, the next step was to create mobile platforms for binary options.
Comparison of the mobile platform for binary options and the Forex market
Compared to the binary options trading platform, the forex platform is more limited in functionality. This is because in a mobile application it is impossible to place all the tools necessary for trading in the foreign exchange market. Trading binary options, in fact, is a simplified form of investment, so its implementation on a mobile platform is much easier. You must admit that technical indicators and graphical constructions are rarely used by traders when trading options, therefore the mobile platform for such trading uses an order of magnitude less tools Technical Analysis, which, as mentioned above, simplifies its development and support.
Choosing a mobile platform for binary options trading
When choosing a mobile platform for binary options, first of all, it is necessary to focus on its main characteristics: speed, expiration of options, ease of use, download time, possible errors and malfunctions. Functionality and design in mobile trading play a key role. Slow loading of the platform, inadequate data transfer rate, or the simple inability to find the right button in time can lead to sad consequences.
We consider each criterion in more detail.
By speed we will mean the speed of execution of received commands by the mobile platform. Agree, there is nothing worse than a “slowing down” application! Naturally, the schedule cannot load instantly, however, this should happen rather quickly, and not by the next New Year. A high-quality mobile platform should have an adequate size, load and close quickly, and transmit and execute orders almost instantly.
Functionality and simplicity
Whatever the size of the screen of a smartphone or tablet, the graph on it will still be smaller than on the computer monitor. Therefore, it is necessary to find out whether it is possible to increase them? Will the schedule turn after the phone turns? This may seem like a whim, however, in fact, it is not, because it’s convenient for someone to hold the mobile device horizontally, and for someone – vertically. Pay attention to the location of the required function buttons. Compare the mobile application with the regular platform – did the same functions remain in it?
Binary Options Expiration Dates
For some brokers, the expiration of options on a mobile platform may not be provided in the same amount as on a regular platform. In order not to create problems for yourself, check in advance whether the mobile platform supports the expiration dates with which you are accustomed to trading on a regular platform. You should also check to see if the mobile platform provides other features available on the regular platform. For example, a news feed.
Errors, glitches, glitches
I think everyone will agree that clicking on an asset in a mobile application will be very unpleasant to receive an error message. Naturally, for a comfortable mobile trading, this situation is unacceptable. Here you can also add charts that are either updated or not loaded, system messages about the need to close the application, and more. Such situations clearly demonstrate the broker’s attitude to his clients. Not only is it just annoying, it also threatens with a real material loss.
Pay attention to what operating system the mobile platform is written for, otherwise, trying to download it, you will receive a message about the need to update your operating system or, in general, the impossibility of launching the platform on it.
Of course, functionality and speed are very important, but it is unlikely that a steady desire to trade will cause a platform that has a plain appearance. The stylish look of the mobile platform will be a good addition to the rest of the features. For example, mobile platforms running on the “engine” from the same developers will be very similar, but will always have different options for customizing the design.
Disadvantages of Binary Options Mobile Trading
It seems that it would be completely superfluous to explain that with all efforts, it is impossible to “squeeze” all the functionality of a regular terminal into a mobile platform. Therefore, the mobile platform will always be a truncated version of the usual one – it has fewer functions, fewer schedules, less expiration dates and other parameters. Add to this that smartphones and tablets use a touch screen, and, for example, stretching the chart with your fingers, if the buttons are not in the right position, you can accidentally make a deal. Nevertheless, for all its shortcomings, mobile trading is a real technical breakthrough. Imagine your reaction if 10 years ago you were told that you can trade on your phone)
Benefits of Mobile Trading
Few of us sit in one place during the day. In addition, to look at the charts and the news feed, there are many more daily activities that require our participation. There is a situation when you place a bet and, suddenly, you need to urgently go somewhere. Having a phone at hand, this problem disappears. It is mobility that is the main advantage of mobile trading binary options. Even being in a traffic jam, you will not fall out of the trading process and will be able to trade in the market.
The modern trader does not really want to wipe the trousers in front of the monitor in the old fashioned way. Binary Options Brokers The call was accepted and provided for this with their mobile platforms. It is unlikely that mobile trading will replace traditional trading, however, as an addition, it is simply a brilliant solution. Despite some nuances and shortcomings, mobile platforms provide a wonderful opportunity to trade binary options, almost anywhere, especially since technologies do not stand still, and every year mobile applications only improve.
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Binary Options Best Mobile Platform
Having acquired basic knowledge on binary options, the prospective investor or trader ought to move to the next step towards engaging in one of the most promising and exciting kind of investment. This involves selection of a best binary options broker. The selection process may sound easy but the fact of the matter is that it can be involving especially if the investor wants to get good returns on his or her investments. One is supposed to take time in the selection process so that the kind of binary options broker that the investor ends up with meets the needs. Making a wrong choice at this stage may lead to undesired results as well as problems with the trading platform, poor support services and low quality investor services.
Here are important characteristics and qualities of best binary options brokers that investors need to consider
Best binary options brokers
Best binary options broker is one who strives to make the investor’s job easier. An investor who is looking for a broker need to find one who offers an easy sign up, this enables the trader to get an account as well as start running it immediately. To get one who fits this description, an investor need to carry out a search so as to come up with an individual who is reliable. The investor can also ask for recommendations from people who have invested before, this will give a true and clear picture of the broker. Also the reviews from the internet will tell more about the reputation of a broker. If the people who have used a given platform are not happy with the services which they were offered as far as signing up process as well as payment methods are concerned, this should raise an alarm.
After ensuring that the broker whom you wish to trade with have an easy sign up process it is also important to establish whether the payment methods which are used by the broker meet your needs or they are well supported in the regions where you stay. There are some cases where brokers in some areas use payment methods which are unavailable allover the world. When the payment methods which are used by the broker are either unsupported or are unavailable in your area, when it comes to withdrawals and deposits, there might be an issue.
Binary options web platforms and mobile platforms
There are various trading platforms that are used in the trading of binary options. We have the mobile based and web based trading platform as the main types. It is important for an investor to find out the kind of platforms that a broker whom he or she intends to register uses in the course of trading. If the investor is planning to trade using a mobile device for example a tablet, then there is a need to establish whether the broker’s platform supports such tools. It may be frustrating to register and discover later that the devices in your possession are not compatible with a trading platform which is used by the broker. This will force the trader to spend extra money in buying a device which will work well with the trading platform. The best trading platforms in the market are normally compatible with most of the devices and can also be accessed from any part of the world as long as the area is covered by internet connections. A good trading platform also needs to have extra tools which help the investor to navigate through the system. The investor need to access the educational materials so that the learning process can be easier.
Binary options assets
There is a need to establish the kind of trading assets that each broker allows in their platform. You may find a very good broker in terms of the payment methods, compatibility, reliability but find that the trading assets available are somehow limiting .This basically means that as an investor one will not be satisfied since there is an outright limitation as far as the range of asset is concerned. Before engaging and even registering, an investor should check the assets that a given broker offers as well as make sure that popular assets are allowed.
Binary options broker payout is among the most important factors that any investor should consider when it comes to selecting an appropriate broker. While coming in to trade in binary options any investor aims are reaping the best and highest benefits. If the rate of return is low, then this will not be achieved, therefore the rate of returns offered by an individual broker should form the basis of decision making when it comes to selecting an binary options broker to work with. Normally the binary options brokers are known to offer returns ranging from 65 to 85 per cent, although in some case the rate may be higher. There are also some special kinds of binary options which offer a return of 500 per cent.
To succeed in binary options trade, an investor must have access to vital information on the assets he or she is trading on. There is also a need to access vital technical tools to help in execution of strategies as well as carry out the necessary technical analysis. Most of the brokers provide access to the necessary technical tools but one might not be sure, therefore it is important to establish whether the investor will be allowed to access the necessary tools required for technical analysis.
Binary options demo account
A binary options broker is supposed to provide the new investors with a demo account as part of educating them on how to trade. As an investor one should not use the services of a broker who does not provide an opportunity to carry out trade through a demo account. Demo accounts provide an environment similar to earn that exists in the normal trade, here the new investors learn all that is needed to carry out a successful binary options trade. One familiarizes with the interface of a trading platform and learns about the trade without having to risk the money. It is only after an investor has understood how the trade operates should they graduate to the real trade.
Support during the early days in trading assets is very important to an investor, this not only gives then a chance to ask for guidance but also any questions which may arise in the course using the services. The broker who is selected should have a support staff who are skilled, experienced as well as polite and helpful when it comes to dealing with issues which arise.
Making the right decision when it comes to the selection of brokers will largely determine the success of the investor, therefore every step should be taken to ensure that the one who is selected will offer all the necessary support, is reliable and at the same time have the best rate of return in the market.
How to open an account
The accounts requirements
An investor is required to fill in information which almost every website requires in the course of registration. Here one is required to provide the name, residence, the currency which is preferred, email, password and the payment method. Contact details such as phone number are need to be used during the verification process as well as in case the investor needs support from the broker.Investors are allowed to register two accounts where one uses real money and the other one is a demo account. A demo account is necessary as it offers the investor a chance to learn before they start using real money.After the registration process is over, the investor will be required to verify the account. Most brokers carry out this process for security measures. The process ensures that the person who has registered is of age and at the same time, it is a real person. The verification process may be through sending a photograph as well as scanned images of personal identification documents such as driving license, national identity card or a passport. Although the process may be tedious, it guarantees the investor’s safety against identity theft as well as fraud. Some brokers will only require you to verify the account through sending an email or through accessing the website using a one time link which is sent through the email.The registration process depends on the broker that you have chosen, for some it may take only a few minutes while others a couple of hours to days. When asked to verify the account, it is not that the broker does not trust but rather it is a way of ensuring that fair and secure trade is maintained all the time
Various payment methods are available, an investor is supposed to select one which is allowed in his or her region. One can select to deposit or withdraw using a check, PayPal, skrill, money bookers, web money, bitcoins among other payments methods. Minimum and maximum deposits and withdrawals are set by individual brokers; therefore it is important for an investor to check with them. Some brokers may require a minimum of $ 100 as an investment while other may ask for more.
Best Binary Options Brokers 2020:
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