If you are looking for the best binary options software, this SpotOptions review may help you to make an informed decision. SpotOption began constructing their trading platform as long ago as 2008 and used market data feeds taken from well known specialists in the market like Reuters. Having received their binary option licence in 2012 from CySec in Cyprus, the company now operate as a regulated investment company that is subject to Cypriot law. SpotOptions binary options software is user friendly and has been designed with easy operation in mind so that all traders, but especially those who are new to binary options trading can make successful trading decisions with confidence. Having developed high quality risk management tools, SpotOptions is an excellent choice of trading platform for both novice and experienced traders.
SpotOptions Binary Options Software
Recently, SpotOptions have introduced their new 2.0 platform which has some visual enhancements and new and improved trading features. With four different screen views, their software now also offers improved colour charting. The trading platform’s front screen boasts an attractive design and is easy to understand which means that traders can make swifter trading decisions. As it is so user-friendly, it makes a good choice of trading platform for novices who are unused to the full range of elements on a binary options trading platform.
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This platform’s flexibility is a great feature with trading choices being divided by tabs to the top of the platform’s screen allowing of option contract types to be chosen with minimal effort. This ensures that mistakes cannot easily be made while also allowing for hedging positions. As the SpotOption platform has been long-established in the industry, it offers some of the newest platform technology advancements such as the Option Builder tab which enables traders to choose their individual option criteria with expiry times and asset choices. This feature is a risk management facility that is especially appealing to conservative traders.
SpotOptions Binary Options Software Special Features
The SpotOptions binary options software allows traders to use several different trades including:
- One Touch
- Options Builder
- 60 Seconds
The SpotOptions binary options software offers a host of special features that improve the trading experience for binary options traders. Some of these include:
Choosing the Top Picks options allows traders access to a range of exclusive expert trading tips.
The Option Builder tool is extremely useful as it allows traders to develop a risk management plan by designing individual profit-targets and stop-losses that match the trader’s own choice of exporty time and underlying asset. This is an especially useful feature for novices and conservative traders.
Advanced traders will appreciate this innovative tool which enables them to make full use of their technical and analytical skills. This enables them to view the trading history of any asset and thus to formulate the trending patterns by using features like enlarged graphs.
One of the best known trading techniques, one touch options allow traders to choose the parameters on screen to pick a predefined profit target with a price that is within a chosen expiry time in order to make a profit.
The 60 Seconds feature is appealing to aggressive traders as it satisfies those who are looking for a fast action trade with its 60 second contract expiry.
Roll Over and Double Up
The Roll Over facility allows traders to delay their expiry times by up to 30% which is useful when the price is moving against a trade, inducing a potential loss. The Double Up facility allows traders to deploy identical market conditions and price levels as their original option to activate a second identical position.
This facility allows traders to make a greater profit should the price go further in their favour. The trader is given predefined strike prices in a ladder format and the further the strike price, the more potential gain there is. Although this feature has the biggest profit potential, it also involves an increased risk as counter-trend trading brings the best rewards. It is, nevertheless, a fantastic addition to this trading platform.
This is a feature that is designed to make trading more social by allowing newcomers to follow more experienced traders’ trades.
This trading platform gives binary options traders a taste of the forex market in a user friendly and accessible way, allowing them to adjust the set Take Profit and Stop Loss levels that have been set by the platform to their own requirements and to adjust leverage with just one click.
Get the leading Binary Options trading platform
All these features demonstrate that SpotOption has constructed an impressive trading platform that has a lot to offer traders both old and new. It is easy to see why so many of today’s binary options brokers have adopted this software as it is a solid and technologically advanced choice.