If you are looking for the best binary options trading platform to improve your trading experience, this TechFinancials review may help you to make an informed decision. Here we look at the various features offered by this platform and take a look at its ease of use and visual appearance in order to determine whether it is a good choice for both novice and experienced traders.
One of the top binary options trading platform providers, TechFinancials have offered a high quality trading platform which has been adopted by several brokers, but most specifically Optionfair.com. Offering a unique trader experience, TechFinancials’ offering is one of the best on the market.
Every trader knows that a user friendly, easy to understand interface is key, and TechFinancials have borne this in mind when creating the appearance of their trading platform. With its professional look and clear and uncluttered design, there is nothing to distract the user. The platform provides a good range of assets to select from which are all organised in a logical manner and are shown with their times and expiration times.
After a short period of time, users will quickly learn how to navigate the various menus and options available to them and will discover that trading options is extremely easy with the TechFinancials binary options software. The trading platform contains the following easy to use sections.
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Binary Options Contracts
Found to the left of the screen, this section enables traders to navigate between the instruments that are available and to select the one that they require. The following contract types are available:
- Short Term – traders can choose between 60 second, 5 minute or 2 minute trades, ideal for those who love fast paced trading
- High/Low – the simplest contract type, traders simply decide whether their chosen asset’s price will end at a higher or lower price than its starting price
- Boundary – this option allows a trader to select whether options will expire outside or inside a given boundary.
- One Touch – a relatively high risk option, this contract choice requires the asset to reach a strike price a single time to be in the money.
- Sell – this feature enables a trader to sell their options before its expiry time, helping to manage risk and to lock in profits.
Depending on the option chosen, the list of instruments available to trade will then be displayed. All traders have to do is click the instrument that they require and then the expiry time of the contract and their trade has been placed.
The main navigation section enables the investor to swap between binary options or forex for trading. It also allows them to select My Account or Banking to either edit their personal information, to deposit funds into or withdraw profits out of their account. The banking section is able to be accessed from within the interface and will show the history of all previous transactions made by the investor as well as the status of any withdrawal requests. It is an easy to use system.
The key element of any trading platform, the TechFinancials’ trading interface is simple to use for either a novice or a more experienced investor. As well as offering users the basic function of placing a trade, it is also possible to enlarge the interface in order to conduct technical analysis. Clicking on the Chart icon will open a new window where charting capabilities can be found together with helpful in-built trading indicators.
This tab enables a trader to look at their previous trading history, being able to filter it by date or by instrument. Investors can also navigate between their Trade History tab and Open Trades tab in order to view their positions.
Mobile Trading With the TechFinancials Binary Options Software
It is not only possible to access the TechFinancials binary options software via a PC but it can also be accessed through mobile devices too, making it ideal for those who like to check their assets on the move. This trading platform is not limited to just Android or iOS devices, but can be accessed with any type of mobile device through a mobile browser. There is also a dedicated mobile app which can be downloaded for free and which provides a convenient and rapid way to access the trading platform when not at a PC. Any existing user can simply sign in and start trading directly through the app which has all of the functionality of the desktop interface. The app can be navigated easily, and just like the desktop version, it allows investors to gain access to their previous trading history and to navigate between all of the contract options. The advanced charting facility however is not available through the mobile app, although this is probably not to much of a drawback as usually, the app is only required to place and monitor trades.