Posted July 26, 2012 by Jam Roadster in Binary Options Guide

Binary Options Platforms

Binary Options Platforms – In earlier days traders had to pay hefty commissions to brokers in order to trade using binary options. The introduction of binary options trading platforms to the market has made life easier for the traders as they do not have to pay any commissions to use the platform as a base to indulge in binary options trading.

Binary options trading platform are a web based trading arena which allows traders to gain profits by prediction of the price movement of an underlying asset for a short time frame. The platform provides fixed 70% to 85% returns on “in the money” trades and refunds on “out of the money” trades predetermined by the platform.

Trade Using a Binary Options Platform – While trading binary options using a platform extensive knowledge of the market is not really essential as the only requirement is prediction of the price of the asset ending up higher or lower than the strike price at option expiry. As the time frame is short a relatively new trader can also have a chance at making profits without the knowledge that he would require to have if he pursues regular trading methods.

Choosing a Binary Trading Platform – There are many things to look at when a trader makes a choice of the trading platform he is going to utilize in investing with binary options. The first and foremost perhaps being the payouts as essentially what he wants is profits and the higher the payouts, the greater the profits.

The refunds on “out of the money” calls also influence the choice of the platform as a 15% refund would mean the trader gets some of the investment back even when he predicts wrongly. The choice of assets including indices, commodities, stocks and currencies also makes a platform lucrative as a wider range of asset availability will mean more chances of making trades.

The platforms that are multilingual get customers from different parts of the world and if the customer care too supports a range of languages people from different countries will feel more convenient using the platform. The choice of expiry times provided by the platform is an important aspect also as the traders may be sure about the asset movement only in a certain time frame.

Lower the minimum deposits, lesser the investment risks the trader gets to incur while trading using that platform. Apart from all this the usability of the platform i.e. the ease with which a trader can utilize the benefits of the platform is an essential criteria in the selection of the binary options trading platform.

Authenticity of the Trading Platform – With the increase in popularity of binary options there has been a rise in the number of brokers who want to scam traders using faulty platforms. An authentic platform will enable the trader to make withdrawals quickly and ideally within 2-3 days. The platform must also provide required security during money transfers using SSL encryptions and must have a responsive customer service to answer queries of trader about their account and options trading.

Jam Roadster