Many private traders are interested in binary options and seek laboriously for an overview of the large number of different brokers and their binary options software. In order to assist prospective investors in choosing a suitable broker, a closer look at binary option trading platforms is useful.
Many brokers, but only a few trading platforms
Although the range of brokers offering binary options is constantly increasing, many brokers operate with the same or a very similar binary options software. The platforms differ almost exclusively in optics and in additional functions. Even more important is a broker comparison based on the different conditions, such as returns, refunds or bonus. The major trading platforms for binary options trading are SpotOption, Tradologic and Techfinancials. These platforms are in operation at many leading brokers. In addition, some brokers make use of the trading platform TradeSmarter or have proprietary developments in use. However, due to the high development costs, proprietary developments are the absolute exception.
Binary option trading platform comparison
The selection of a suitable trading platform for binary options depends not only on the right broker but above all on the functionality and user-friendliness of the software itself. Learn more about the strengths and weaknesses of the major binary options trading platforms and read our reviews: