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Binary Option Trading Platform Review – SpotOption, Tradologic, etc.

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More and more binary option brokers are using a platform developed a third part provider. These software companies are called binary option technology providers and the brokers using their trading platform are called white label brokers. The outsourcing of the trading platform enables brokers to focus on client support and banking security. Furthermore, it has now been proven that third party binary option platforms are more efficient and more reliable than proprietary platforms. On the downside, with label brokers are king of dependant on their respective technology provider if they want to add a new service or product to their binary option trading platform.

binary option trading platform review

Who are the binary option trading platform providers

After years of competition, 3 very large technology providers have emerged has the leaders of binary option trading platforms: Spotoption, Techfinancial and Tradologic. Even within this top3, SpotOption is far ahead with more than 200 brokers using its binary option trading platform. SpotOption recently announced that the number of Spotiotion mobile application downloads reached 5 million when cumulating all the different application stores.

Review of the most popular binary option trading platforms

SpotOption trading platform review and features:

  • Licensed market making via its CySEC regulated subsidiary SpotOption Exchange
  • Ladder binary options
  • Multiple binary option types (60 seconds, Pairs, Long-Term)
  • Most efficient an reliable binary options trading platform
  • Over 200 available assets (equities, forex, commodities, indicies)
  • Mobile application for iPhone & Android

Reliable brokers using the SpotOption binary option trading platform: Banc De Binary, OptionRally, 10Trade, CherryTrade

Techfinancials trading platform review and features:

  • Fixed Strikes Options
  • Unified platform for Forex and Binary Options
  • Range binary options, Above / Below binary options
  • Largest range of option expiry
  • The largest range of available forex pairs
  • Mobile application for iPhone & Android

Reliable brokers using the Techfinancials binary option trading platform: 24Option (the broker that designed the platform before splitting form it), OptionFair, OptionsXO

Tradologic trading platform review and features:

  • Trading available directly from charts with ChartPlus
  • TradePro+ tool proposing multiple technical analysis indicators
  • One Touch, No Touch and Turbo Binary options more than 80 different exchanges and more than 500 individual financial instruments to choose from
  • Traders can specify a target profit amount

Brokers Using Tradologic Platform: OptionStars, ZoomTrader and OptionBit

Some brokers built their own binary option trading platform

Nevertheless, some leading brokers, that were the first to enter the market in 2008, built their own binary option trading platform. Most of the time, they are the brokers that have the best reputation since they were able to overcome all the obstacles of building a reliable and efficient platform. The big advantage is that they can now differentiate themselves from the hundreds of brokers using the same binary option trading platforms. Among these brokers that built their own trading platfroms, 24option, Anyoption and Topotion are the most famous and reliable.

Don’t hesitare to have a look at our review of the best binary option brokers in Europe and use our secured links to access their websites. We also recommend you to read our multiple educative articles where we give many binary option trading tips.

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