TradeThunder

SpotOption Review

Over the past year SpotOption has rolled out its new SpotOption 2.0 platform. Gone is the OptionBuilder feature and the old charts. The new platform boasts many updated visual enhancements as well as many new trading features. They are 4 different screen views as well as improved color charting.

New features include 30 second binary options, Ladder Trading, Pair Options, Forex Trading as well as Social Trading called iFollow.

Some of the first brokers to install the new platform include:

Banc de Binary

Bee Options

Titan Trade

SpotOption commenced the construction of its binary option trading platform in 2008. During the development process, it utilized market data feeds from recognized market specialists, such as Reuters. SpotOption successfully received its first binary option license in May 2012 from the Cyprus SEC (CySEC) allowing the firm to operate as a regulated investment company, subject to Cyprus law.

As the chart below illustrates, the main screen of the SpotOption trading platform offers an attractive and user-friendly appearance which was specifically designed with clarity and ease-of-operation in mind. As such, traders, especially novices, can make better quality decisions consistently with optimum confidence. In addition, SpotOption has successfully developed some of the best risk management tools on the market today.

SpotOption Trade Screen

As the SpotOption trading platform is one of the newest available, investors should not be surprised to find that it offers a range of innovative features. For instance, clicking the ‘Top Picks’ option on the menu bar will allow you to access a selection of exclusive trading tips generated by a team of prominent experts. The “Stocks”, “Currencies”, “Indices” or “Commodities” facilities provide similar recommendations but for their own applicable asset categories. Hedging is also supported by the SpotOption trading platform providing traders with additional flexibility.

Option Builder

One particular tool of note is the Option Builder which endows you with the ability to develop your risk management plans. As the chart below demonstrates, you can perform this task by designing your own stop-losses and profit-targets to specifically match your choice of underlying asset and expiry time. This highly valuable feature is considered by many prominent analysts to be especially useful for novices and those traders possessing a more conservative attitude.

 

SpotOption Option Builder

 

ProTrader

More experienced traders will find this innovative tool, as displayed on the chart below, especially appealing as it will enable them to exploit their technical and fundamental analytical skills to the full. By viewing the trading history of any asset of interested, they will be readily able to formulate trending patterns by utilizing features such as enlarged graphs.

 

SpotOption ProTrader

One-Touch

The One-Touch option is a better-known trading technique. Traders must choose the parameters shown on the following screen in order to select a predefined profit target which price must hit within a selected expiry time to finish in-the-money.

SpotOption One Touch

60-Seconds     

More aggressive traders will find the 60-Seconds feature very attractive. As contracts expire in just 60 seconds, this trading option will fully satisfy the appetite of all those seeking fast-action trading.

 

SpotOption 60 Second Binary Options

The SpotOption platform also supports standard features such as Roll-Over and Double-Up.

Roll-Over and Double-Up                   

You can delay your expiry times by as much as 30% by using the Roll-Over facility. You may find this useful in situations when price is moving against your trade and inducing potential losses.

If you think you have tapped into a winning formula, then Double-Up will allow you to activate a second identical position by deploying the same price levels and market conditions as your original option.

In Summary, SpotOption has, without question, constructed a very impressive binary options trading platform. As such, many prominent binary options brokers on the market today are already exploiting this premier facility, including  TradeRush, Banc De Binary and Redwood Options. In fact, over fifty top brokers to date have based their business models on the powerful and innovative attributes of this world-class tool.

 

Redwood Options

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