Review of SpotOption Binary Trading Platform

The SpotOption platform (website) is used by 300 labels in the binary options trading community accounting  for more than 65% of the total market share. It boasts client globally from North America, Europe, Asia, Middle East, Australia and USA.

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Some of the binary options brokers using the SpotOption trading platform include:

 

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Figure; SpotOption Brokers

Trading Platform Features

  • Candlestick and area chart
  • Ability to tile asset/chart windows
  • Multi-timeframe charting
  • Indicator studies; RSI, Moving Average, Bollinger Bands
  • Trader Sentiment Index
  • Copy/follow trading
  • FX/CFD trading alongside binary options
  • Multiple assets
  • Different option types

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Figure; SpotOption Web Based Platform Interface

 

Traders can use the tile windows feature of SpotOption platform to view multiple assets at the same time as shown below;

 

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Figure; SpotOption Platform Tiled Windows Interface 1

 

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Figure; SpotOption Platform Tiled Windows Interface 2

 

SpotOption Strategy Advisor

The SpotOption platform has a strategy advisor which is an algorithm that predicts the trade direction (PUT/CALL) based on three technical indicators; Moving Average, RSI and Bollinger Bands. The strategy advisor is free and automated.

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Figure; SpotOption Platform Strategy Advisor

SpotOption FX/CFD Trading Interface

SpotOption offers spot Forex and CFD trading alongside binary options. It allows traders to achieve up to 500% returns by selecting their preferred stop loss, take profit levels and the leverage.

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Figure; SpotOption Platform FX/CFD Trading Interface

SpotOption Follow Feature

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Figure; SpotOption Platform Follow Feature

The platform also allows traders to copy the trades of other successful traders directly into their own trading accounts. The trader chooses the period to copy trades ranging from one day to one year and the investment amount to use. (read more about Social trading in BinaryOptions)

Limitations of the SpotOption Web-Based Platform

  • Limited technical indicators
  • No technical analysis drawing tools
  • Limited chart area

SpotOption Mobile Trading Application Interfaces

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SpotOption Education and Tutorials

Traders of all experience levels should always be looking for a binaryoptions broker that offers a broad range of free educational materials. With its SpotAcademy, SpotOption has materials from some of the most respected traders in the business that offer insights into how successful traders structure their positions. This information can be invaluable when looking to construct your trading strategy.

Conclusion

SpotOption – good binary options trading platform has been the number one choice for numerous brokers and used by thousands of traders to execute their trades. We can see that the new platform has a clear, user-friendly design. SpotOption won the 2015, Best Binary Options Platform Provider Award by Finance Magnates.

 

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