SpotOption Binary Options Platform Get’s Better With Age

5 stars based on 64 reviews

Even if you never heard of SpotOption, as a binary options broker, you have probably already deposited money with them. This is why you should know the firm. With this information, you will be able to understand who SpotOption is and how you should deal with the hidden empire of binary options. This means they provide the software, the banking, and almost everything else that binary options brokers offer to their customers. There are only a few platform providers that create the systems that most brokers use, and SpotOption is one of the biggest of them.

To understand the system, think of car brands. Most big car makers own several car brands. They develop a platform and use it for models with each of these brands. While these models are different on the surface — they look different and have different interiors — the actual car is often identical.

You get the same drivetrain and the same engine whether you buy an Audi or a VW, a Cadillac or a Chevrolet. In the s, the U. Despite the few car makers, there were many, many car brands — from Oldsmobile to Cadillac, and so on. This variety was mostly an illusion that sold cars build of identical components in different designs. Many but not all what are binary option spotoption platform options brokers are the result of a similar illusion. They are the brands of a few binary options makers.

SpotOption does the same thing as General Motors, but with binary options. They offer the platform; binary options brokers add their designs and their branding.

But that is all that the brokers do. As long as two brokers both use the SpotOption platform, it makes little to no differences which of the two you use. As you can see, this list contains everything that you need to start a brokerage. All you have to do yourself is come up with a name and design a few details, SpotOption does the rest. InSpotOption claimed to have brands or affiliates. These brands all looked different, but they were effectively what are binary option spotoption platform same broker.

It is unimportant which of these brokers you choose, as soon as you deposit money with them, the money will eventually end up with SpotOption, and you will get your binary options, your assets, and your payouts directly from SpotOption. The most prominent SpotOption platform was Banc De Binary, once the biggest binary options broker in the world.

After legal complaints on three continents, Banc De Binary ceased its operations in early Other brokers that use the SpotOption platform are:. Of course, this list is incomplete, but you are probably dealing with a SpotOption broker when you recognize these elements:. SpotOption allows its customers to customise their trading platforms.

What are binary option spotoption platform SpotOption customer will look a little different, and there is a pro-style trading platform with all the features and a light platform with fewer features and a cleaner look. Nonetheless, once you get a good feeling what are binary option spotoption platform the typical SpotOption look, you will quickly be able to recognise a SpotOption once you see it.

At first, the technicalities of binary options trading can seem unimportant. Who cares how a broker creates its trading platform, as long as it is a good platform, right? Well, not so fast. First of all, it is important to understand what is happening to your money. This is a huge difference, and it means that you have to investigate an entirely different company when you check whether you what are binary option spotoption platform trust the people who handle your money.

This is the business side. But there are much more reasons for why it is important to understand SpotOption and the business idea behind it. SpotOption what are binary option spotoption platform not the only platform provider for binary options. Companies such as TechFinancials and TradoLogic offer similar services. The most popular brand of these providers is 24option, which sponsors soccer giant Juventus and partners with tennis legend Boris Becker.

For a complete understanding of the binary options world, we recommend learning more about these providers, too. Here are those you have to know. In short, SpotOption is a questionable business. We recommend staying away from it. There are other binary options brokers out there, and you are much better signing with one of the legitimate ones.

For a list of government regulated brokers you can trust, we recommend taking a look at our broker list. As we already pointed out, SpotOption has recently faced legal issues. Their most popular brand, Banc De Binary, had to close due to many governments cracking down on the service.

To face these legal issues, SpotOption has created a what are binary option spotoption platform product called digital contract that is supposed to fulfil government requirements. Digital contracts are basically a rebranded version of the old SpotOption service. They offer a few new modifications, for example a new payout and expiry model, but, so far, there is no indication that the service has become more trader friendly. There is simply not enough data to judge the new SpotOption service yet.

Therefore, we recommend being cautious. There are trustworthy brokers out there, so why use a service where you are unsure whether it is legitimate? SpotOption is a difficult topic. On the one hand, it has contributed significantly to the rise of binary options, which has also lead to the creation of many good brokers. On the other hand, SpotOption in itself is a questionable business that boasts about how many of their traders lose all their money. We recommend staying away from SpotOption and its many brands.

Pick a trustworthy, government-regulated broker, and you should be fine. Our broker list is a good starting point for your search. The leading brands all create their own platforms — not relying on any underlying technology.

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SpotOption is one of the oldest binary options white label platform providers on the market today. The brand is spread across hundreds of brokers and well known for a couple of things. One of them is versatility and depth of the platform.

They have long been an innovator when it comes to binary options trading and features important to traders. Another is that the ease of use on the broker side and largely unregulated nature of binary options has made them a favorite of scammers.

There are many regulated and trusted brokers operating under this banner and more are sure to come. SpotOption itself is licensed by CySEC and has recently opened a new office in London for the express purpose of servicing regulated binary options trading in the EU. They also have a similar office in Hong Kong, servicing the Asian market. When it comes to individual brokers there are some variations depending on which version of SpotOption they are running and which features they choose to run.

For the purposes of this review I will be focusing on the latest version but I will touch base on the evolution before going on. The original platform, simply called SpotOption, was advanced but buggy. Some brokers are still running on the original but most are using the more advanced Spot2 platform.

This platform has expanded features to include CFD and spot forex trading, copy trading, Ladders, more advanced charting and fixed some bugs found in the earlier version. In terms of strategy and time frame the platform can be used for them all. Exotic options include Pairs, One Touch and Ladders. One Touch options require only one touch of a set strike price before expiry. They trade when the market is closed and have expiry like end of next week or at the close of tomorrow.

The copy trade feature, known as SpotFollow or iFollow, is powered by the same algorithms that operate the eToro forex social trading platform. You can trade iFollow on eToro but it is not recommended. The best method is to use a good, regulated, SpotOption broker but be warned, copy trading is very risky.

The system uses a leader board that can be filtered by asset, success rate and etc. You set trades with limits like trade size, total amount to be risked, how long you follow and how many trades you will follow.

The idea is sound, the risk is that you choose the wrong person to follow. Spot forex and CFD trading is also available. Early Out allows you to close a position before the indicated expiry time. It is usually only available on options with expiry longer than 15 minutes and has a window of availability.

Payout will depend on the price level of the asset, if it has moved counter to your trade you will lose some money but if it has moved higher you may win some profit. Rollover allows you to add more time to an options once per position by adding a little money to your trade.

It is also typically only available to options with longer time frames. Options can be viewed in 4 different screens. The first is modeled off the original version, a single large ticket window per option.

Others include a bar listing, smaller ticket windows where you can watch a dozen or more assets at one time and a larger single window version where you find the best charts. However improved there are still some problems. The system is still a little buggy in the shortest time frames, 30 and 60 seconds, but these types of options are sketchy in the first place so that issue does not bothering me, price lags in the higher time frames are not noticeable.

They are also lacking a range type option which can be found on other platforms which could be a problem for some traders. Not surprising as they have a higher likelihood of closing in the money.

Basically, this is the most fully featured binary options platform on the market. Availability of the platform is just about global, except for in the US. Otherwise there are both CySEC regulated and non-regulated brokers using it, regulated the recommended choice. Money is usually safe, but it can depend on which broker you choose.

The number of scammers is getting smaller and smaller but there are a few still out there. US traders can expect to see a solution for them soon. You can visit our list of recommended brokers here.