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Trading Platforms

In today’s fast moving world of technology it is vital that online brokers are continually re-visiting, updating and developing their binary options platforms. Brokers who release their latest software update today could be outsmarted or outperformed by their peers in a matter of days. When operating a trading platform there is no time to stand still so the race is on for each broker to offer you the best online experience.

A few years ago it was enough for a broker or the binary options platform providers to focus on their desktop offering as trading was conducted mostly from a desktop computer or maybe a laptop. Now with the introduction of different devices and different operating systems like iOS and Android it is important to consider the investing experience across a whole range of tablets, laptops and smart phones via both websites and mobile apps.

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If you have limited knowledge of software platforms, trading platforms or operating systems then the jargon and options available when choosing the best binary trading platform for you may well be confusing. It is however important to consider what you need when choosing a broker to trade with.

We review and compare the best software platforms, in this guide we show you:

  • What exactly binary options platforms are and why should this be important
  • The things to consider when choosing a trading platform to make money with
  • How to choose a platform provider based on how you like to trade assets

Our Top Recommended Brokers Updated: October 2017

Your capital may be at risk
Risk Warning: The financial products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

The Types of Platforms

The platform is essentially what makes the binary options trading website work. It is powered by software which is specifically written (coded) to provide the various functions and actions of a website. In today’s technological environment it is developed for various uses and methods and for the various technologies that exist.

For those that aren’t as technically savvy as others we have tried to make this as simple as possible. At the end of the day that’s our job, to make investing easier for you. To do so we have we have tried to remove the jargon to bring you the simple facts.

Website Based Platforms

With a web based platform you simply log onto your computer/laptop and you open up a broker’s website. In fact if you are at the stage of choosing your account then you would be advised to open up several. You then start to have a look around the various sites examining the bonuses on offer, the benefits of the different sites etc and whether or not they offer a virtual/demo account.

At this stage you may want to use your demo account to get used to the site or the “trading platform” you are using. It is basically the way that the website is set up and the functionality it offers you to allow trading. What makes it a web based service is that you are using it through a web browser – Chrome, Safari, Firefox etc.

Downloadable software

Some brokers require you to download software to your laptop before you can commence trading. It is not unusual or harmful it just means your computer needs the components of the software to allow you to trade. Whilst not harmful to your computer you do need to ensure that you are using a reputable broker and not a site that is posing as a trader to gather information.

To ensure you are using a reputable broker we recommend you take a look through our list of recommendations and reviews just in case. To download the binary options platforms offered by some brokers you don’t need to be an IT expert – if you’ve ever been asked to download anything before you know it’s just a case of clicking a button and then choosing from the options presented on the screen.

Mobile Apps

Many traders no longer spend their time sat in front of computer screens in fact more and more people are turning to their hand held devices for more of their daily operations than ever before. We shop on our phones, carry out our banking, check our social media and play games. We use it as our camera and to listen to music and we tend to have it with us all of the time.

To keep up with the demand for mobile consumption and the operations that can be performed most binary options brokers now offer a mobile specific trading option. For many this takes the form of either a mobile responsive website or an app. The mobile app has to be available for both iOS and Android devices and available for both phones and tablets. A good mobile app could be the decider when it comes to which broker someone signs up with.

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Risk Warning: The financial products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

Which Trading Platform

First of all you need to consider how you will trade. This will involve thinking about when you will trade, where you will trade and what you will trade. Will you be a part time trader and just conduct a few trades here and there or will you be more committed and look to make this a more consistent practise? Will you be sat a desk or in front of your laptop or will you be operating on the move from a mobile device?

All this will have a big impact on the platform you choose. If you choose to use both then you will need to ensure that the broker offers everything you need for all eventualities. Have you thought about what you will trade on? Some brokers offer certain assets, you need to ensure that they offer the type of trading that you are looking for and the functionality to succeed as you wish.

Once you have considered how and when you will trade you can narrow your decision to those brokers that offer the kind of trading experience that you are looking for. Knowing what you need makes it far easier to decide on the appropriate broker for you.

How we Find and Rate Them

If you are new to binary options you probably aren’t sure where to begin. You have to think about the various types of brokers and which one is right for you, the bonuses on offer and the overall experience itself. All this without considering what you will trade on, how much you will trade, when and how often.

Never fear as we are here to offer help and advice to make the decision making process easy for you. Our advice and recommendations are based on extensive research by our team who have a wealth of knowledge and expertise in the binary options market. We have researched each broker and what they have to offer to bring you the best insight to assist your decision.

If you aren’t sure what you are looking for then reading about the binary options platform providers in our reviews and guides available will highlight the points that need considering. We may help you to devise a shortlist which then allows you to test those brokers and get used to the look, feel and functionality of the website before committing to opening an account. A no deposit bonus account is a great way to test the various brokers as you can start to use the trading platform without parting with any money.

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Platforms FAQ

Is one platform more reliable than another?

Yes, there is the good and the bad. It is important to ensure that you choose a good broker that uses a reliable platform. The overall experience is very important and you need to ensure that the platform that you are using is consistent and offers a good investing environment. You also need to ensure that it works well for you on a mobile device as most trading is now performed on the go.

How do I find the best trading platforms to use?

Be choosing a recommended broker the work is done for you. Rather than conducting your own research we offer a wealth of information about online investing and which brokers to choose. Our recommendations include our reviews of each of the key aspects of trading including the viability of the platform and the experience it offers both on mobile and desktop.

Can I use a demo account on any platform?

You can use a demo on a platform if a demo account is offered by the broker. If there is no demo account available then you can’t use one. Some brokers offer one, some don’t. Some of them are available to anyone whether you make a deposit or not but most brokers expect some commitment in the form of a deposit to take advantage of this feature.

Are all trading platforms safe and secure?

Like with any aspect of options trading the safety and security is down to the individual broker and whether or not they are a reliable and trustworthy options provider. To make sure you only choose a reliable platform it is important to check out the ones that you are considering first. You can do this by checking out our reviews and recommendations which will save you lots of time carrying out your own research.

Do the same bonuses exist on all platforms?

No, the binary options bonuses offered are down to the individual broker. Most brokers do offer bonuses whether they be welcome bonuses, deposit match bonuses, no deposit bonuses or other incentives to encourage you to trade. Again you can review all of the bonuses on offer by looking at our reviews and recommendations.

Your capital may be at risk
Risk Warning: The financial products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

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