The Binary Options Platform industry is polarised. The industry has big players and small companies who try to gain some market. The biggest player in the market is SpotOption. It crushes the competition with more than 50% of the market share. Want to know what makes it the best? Read it in our SpotOption review!
Desktop App: No Tech. Analysis: Yes
WebTrader: Yes News Feed: Yes
Mobile Apps: Yes Social Trading: Yes
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SpotOption: About the Company
Even though the creation of the SpotOption is dated 2009, the company got licensed in the May 2012 with the SpotOption Exchange License and is regulated by CySEC. It is clear from the regulations that the headquarters of the SpotOption are based in the Cyprus. It was found out that at the time of the our review, the company provided customers with binary options platform and white label solution.
The SpotOption holds the 70% of the binary options market and provides its services to more than 250 companies worldwide. The platform of the review could be not only used as a finished product (plug-and-play), but also as a base for the integration and customization. So don’t be shocked when you a bunch of different platforms that are actually all SpotOption based.
Recently, the SpotOption introduced the newest of its products – the Spot Machine. The Spot Machine allows you to trade binary options in a new way which is somehow similar to the withdrawal from the ATM. Unfortunately, this machine is not a purpose of this review.
SpotOption Types of Options
The pure SpotOption platform has 5 main types of binary options trading that are available for the binary option brokers, so the list of options can change from broker to broker.
This is the basic binary options trading type, which is sometimes called Hi/Low. The main goal of such binary option is to predict if the price will be above or below the execution price in the selected time. The time selection is from 15 minutes to the market closure.
- 60 seconds
From the basic point of view, it is the same type of trade as the binary, but the timeframes are much shorter, so you have to be ready to act fast. You can trade binary options of this types on 60, 90, 120, 180 and 300 seconds.
- Long term
This type is interesting due to the combination of the basics on binary trading with long-term investments. So, you once again predict the price to go up or down, but your timeframe has a core difference. The timeframe of such binary options trading type is every Friday’s market closure till the end of the year. To be honest, the SpotOption Platform review finds it to be pretty amazing.
- One touch
Are you good at predicting whether the instrument get to some particular level in 15 minutes? Than one touch binary options trading is for you. You just bet on touching the level or not touching the level and that is it.
The main question of such binary options is “Which will perform better?”. So you asses not just one instrument, but two at the same time. Afterwards you just answer the question above with either one instrument or another and receive your reward. The assessment can be made for 30 minutes, 1 hour, 2 hours or market closure.
|FACEBOOK VS TWITTER|
It was also found out by the SpotOption binary options platform review that such trading options as Ladder, JLdo and FX/CFD are currently in the stage of development and will be available in the nearest future.
The SpotOption platform is available in your browser, so no packages are required. At a first glance – the SpotOption gives a feeling of the platform that is made by the professionals.
The second looks at the platform is the same as the first one, you will definitely enjoy it!
Even though the platform is full of additional features, it has to be admitted by the SpotOption platform review that its response time is superb. Also, there are no bugs and no slowdowns, even if you try to create them.
The instruments displaying options are just perfect. You have an ability to have big list, small list, panel view and single instrument view. The best part is that every view type allows to create orders in clear and simple way.
Another valuable feature found by the SpotOption binary options platform review is the instruments filtering. The platform allows normal filtering between:
and also has the “Hot Assets” option, which displays assets that are the most tradable at this point.
The instrument’s chart can be displayed in 30 minutes, 1, 2, 4, 8, 12 hour timeframes.
The order creation process is no pain as well. You just have to decide on the investment amount, press the desired button and then confirm the order. The SpotOption binary platform review found out that you actually have a possibility to cancel your order in 3 seconds after you confirmed it without any additional charges.
The social trading option is made in easy way as well. You just have to find the trader that suits you the most, decide on the investment period, set limits on the per trade and total investments and press follow. Furthermore, in case you have enough money on your account, you can press the no limit button so your order sizes will be the same as order sizes of the trader. The binary options SpotOption platform review supposes that this is actually the most convenient way of making social trading on binary options at this time.
SpotOption SmartPhone Apps
The SpotOption has the binary options trading applications for iOS and Android. The iOS actually has two applications, one for the iPhone and the other for an iPad.
At a first look, it is easy to see that it was done by the SpotOption, it looks very similar. It is logical that a functionality of a mobile app will be lower than the web-platform. It includes only basics, without fancy social trading and news feeds.
The SpotOption mobile platform gives you the useful guide on the usage of the application the first time you try to make an order. The SpotOption did not find any difficulties with order creation in neither of the mobile apps. The process is even simpler than the one on the web-platform. You just decide on the amount and make a trade.
The only thing that remained unclear – was the field that stated “Connection. Tap to reconnect to live trading”, maybe it was server error, but the main function of the button in the field was refreshing the chart.
The mobile app can be used for the mobile trading but the review of the SpotOption is more impressed with the web-platform.
SpotOption Review Conclusion
As can be seen from the SpotOption binary options platform review, it is the best binary options platform in the market at this time. It provides brokers with the quality platform that can be brought directly to the customers without any significant changes. The Binary Options Hub is actually disappointed by the way some binary options brokers change the layout and functionality of the platform.
The filtering and view abilities presented by the SpotOption show that the company clearly understands what their customer want. Also, the way SpotOption brings social trading is the best option in the market.
Anyway, if you do have a decision between some other platform] and the SpotOption platform – go for the SpotOption, you will not regret it!
For all these reasons the SpotOption platform review receives 5 out of 5 stars.
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