Binary options broker Prestige Option is one of the new leading brokers in Europe using the TradeSmarter Technology. As you may know, many of the best binary options brokers are using trading platforms developed by specialized technology provider. Among our recommended broker, OptionRally uses the SpotOption trading platform and P-Options uses the TechFinancials trading platform for instance. Each binary options trading platform has its own advantages. One of the many advantages of the Prestige Option platform is that it proposes multiple binary options trading tools to traders. In the following article we are going to present you the different Prestige Option trading tools available on the platform.
Presentation of the Prestige Option Trading Tools
What we call a trading tool is something that gives traders the opportunity to improve their strategies and provide them with additional flexibility for their trading activities. The different Prestige Option trading tools are all designed to help traders improve their performance and their risk management.
The Sell back trading tool gives traders the opportunity to sell their option before the expiry and lock-in your profit (until 30 seconds before expired). If you fear that the market reverse while your option is currently In-The-Money, you can decide to sell back your option at a certain (albeit lower) price before the maturity of the option.
The Double Up trading tool gives traders the opportunity to double their investment with a new reference price (until 30 seconds before expired).
Let’s say you invested 25 dollars on a 5-minutes high binary option on the EURUSD with a reference price of 1.1225. If after 4 minutes, the EURSUD is at 1.1220, you can decide to double your investment with this new reference price. Instead of risking loosing 20 dollars in one minute, you prefer to hold 40 dollars on a high binary option on the EURUSD with a new reference price of 1.1220 for the next 5 minutes.
The Risk-O-Meter proposed by Prestige Options is a trading tool that lets you dynamically adjust your payout and refund level. The Payout is the profit you generate if the option expires in the money. The refund is what you can recover if the option expires Out-of-The-Money. Depending on your trading profile, you can decide to make less profit but benefit from a greater insurance.
Prestige Option – An attractive binary options broker
Along with these multiple trading tools, Prestige option proposes many other advantages:
- Special welcome bonus of up to 150%
- One of the largest ranges of available binary option types
- A risk free trade
- AutoChartist trading signals
- Trader Sentiment Tool – giving you an indication on what other traders are predicting for a specific asset
Don’t hesitate to have a look at our detailed Prestige Option review for further information about the broker and use our secured links to benefit from additional privileges and increased bonus offers negotiated by our team.