This can be seen in the Option Builder field tab, which allows you to determine your option criteria, with asset choices and expiry times. The other platform trading choices can be seen with the One Touch and 60 Second trading choices.

The 60 Seconds feature is characteristic of the more modern, internet based trading environment, as these contracts will expire within 60 seconds of execution.

This will be an attractive feature for more aggressive traders, or those trading based on fundamental news releases. The platform itself is web based, and trades can be placed immediately after inputting your log in information which is another aspect making the platform convenient for short term or news driven traders. One downside is the limited ability traders have to alter the trading station to tailor it to your individual needs or specific asset classes.

If this is important to you, you might want to look for another platform. Newer traders, however, without much need to change their trading stations might actually find this preferable, as most of the features are already clearly laid out and easy to find.

Finally, the Platform does offer some of the more common features, such as roll over and double up. This comes along with the double up feature, which allows traders to open a second position, using the same market conditions and price levels.

Given the flexibility that is given to short term trading styles with the SpotOption Platform, I wanted to enter into some intraday positions to really test out the strength of these features. Typically, short term trades are not my style or favored approach, but the 60 second trading choice really caught my attention and I wanted to give it a try. To structure my trade, I first looked at my long term charts to get a sense of the general trend.

It was clear to me after doing this that most of the momentum is in the downward direction so I waited for a rally on the short term charts to enter into a 60 second put option. In this case, I waited prices to move up to 1. Once I saw that prices were stalling at 1. Prices ticked a few pips higher but never broke the 1.

Overall, the trading experience in this case was favorable expect for the fact that I nearly missed my entry level because I was forced to approve the confirmation window before the trade could be triggered.

Needless to say, I would have been very unhappy if this caused me to miss my position, so I am a little unclear why the Spot Option Platform pops up this window for such short term positions.

Popular Reviews 24Option IQ Option Nadex HighLow Ayrex eToro BDSwiss Binary. com IG OptionRobot Bitcoin Code Tesler App Binary Robot Crypto Robot GreenFields Capital The Bitcoin Trader BinBot Pro The Crypto Genius. SpotOption Platform Review — The most Popular Binary Options Trading Platform The Spot Option trading platform has been in development since which is a relatively long time in comparison to the competition and since then the developers have structured a relationship with Reuters to receive their data and price feeds, which has helped to ensure trading accuracy and up to the minute market moving events.

Predefined strike prices are given to the trader, in a ladder style: As you can see the further the strike price is, the bigger the potential profit.

Forex : Now Binary Options traders can get a taste of trading big brother Forex in a simplified and user-friendly way: The Stop Loss and the Take Profit levels are already set by the platform but they can be adjusted by each trader to suit their needs. Why does SpotOption suck? Platform Technology Since Spot Option is one of the more established platforms in the industry, it is not surprising to see that they offer some of the newer advancements in platform technology and execution.

My Trading Experience with SpotOption Given the flexibility that is given to short term trading styles with the SpotOption Platform, I wanted to enter into some intraday positions to really test out the strength of these features. The charts are too small and hard to read. Too many brokers are using this platform, many of them are not considered as good brokers. All Rights Reserved. Home About Us Our Writers Disclaimer Contact Us. Please be noted that all information provided by ThatSucks.

com are based on our experience and do not mean to offend or accuse any broker with illegal matters. The words Suck, Scam, etc are based on the fact that these articles are written in a satirical and exaggerated form and therefore sometimes disconnected from reality. Start trading binary options today! Start Now! When you are looking for a trading platform which is fast, simple, and spot option trading platform to use yet integrates all the latest features necessary for a high value of user experience, then SpotOption trading platform is the obvious choice.

This platform was launched in and since then it has remained one of the leading platform providers in the financial world. The SpotOption trading platform is highly popular among the most reputed Binary Option Brokers including Traderush and Banc de Binary. Traders prefer this completely web based platform because no downloads are involved. Hence, you are not dependent on any third party service provider. The SpotOption Trading Platform has recently introduced its iPhone application.

With the help of this, spot option trading platform can now trade from anywhere round the clock. This fast and easy application will help you to create the most profitable portfolio, spot option trading platform. The ProTrader View is another feature of SpotOption Trading Platform which offers important analytical tools to the veteran traders.

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SpotOption received the Finance Magnates award for Best Binary Options Service Provider. SpotOption was present at the iGaming Super Show, ICE Totally Gaming, and the Global Gaming Expo Asia. Some of the larger players include TradeRush, iOption, VIP Binary and Empireoption. Trades can be placed with a single click, with pre-specified stop-loss and take-profit targets, using extremely high leverage ratios of up to The price-chart is somewhat small and offers only limited technical indicators, such as moving averages and the RSI.

While it may be enough for professional gamblers, professional traders would be better suited by a more powerful trading platform. The mobile platform offers similar functionality to the web-based version, and is available both for iPhones and Android-based smartphones and tablets.

Since the platform lacks advanced functionalities, it performs quite well during various trading conditions. Trades are executed in a few seconds, without requotes and slippage. The guaranteed stop-loss and take-profit orders cancel the negative effects of slippage during news trading, which is a welcoming feature for day-traders and scalpers.

While the interface of the trading platform is quite clean and user-friendly, there are certain elements that could be improved. The charting tools should include trendlines, channels and Fibonaccis, and additional chart styles should also be added to cater to more experienced traders. SpotOption offers trading on various financial markets, including the currencies, commodities, indices and stocks.

However, the number of tradeable instruments is extremely limited, and include only the major currency pairs with a few cross pairs, gold and silver, and a very small number of stocks and indices.

Experienced traders who are looking for a larger variety of tradeable instruments should choose a different platform. Charting is not the strength of SpotOption. Some markets, such as commodities, seem to lack technical indicators at all on the web-based platform. The main tools offered by the platform are a few technical indicators, including simple and exponential moving averages, RSI, Bollinger Bands, ATR, and the PSAR indicator.

SMAs and EMAs are used to smoothen the price chart over a specific period of time, while the RSI is used as a momentum indicator to identify overbought and oversold market conditions. Bollinger Bands and the ATR are used as volatility indicators, while the Parabolic SAR indicator trails the underlying trend over time.

The SpotOption platform seems to lack detailed guides on how to use the platform, which is no real disadvantage given the rather simple user-interface. Beginner traders will likely get familiar with the platform in record time, which is also a major marketing point of the company. The web-based version can be accessed from any supporting web browser. If you want to trade on the go, you can download the iOS and Android version of the platform directly from Apple Store or Google Play.

Fortunately, the company offers a MetaTrader plug-in which is a welcoming feature for traders who are already familiar with the MetaTrader platform. SpotOption is an industry leader in providing trading solutions for binary options brokers. In certain aspects, it seems that the platform caters more to gamblers than traders, given its lack of advanced charting tools and other necessary tools for market analysis. The platform behaves robustly during various market conditions and offers trading without slippage and requotes with guaranteed stop-loss and take-profit orders.

Platform Comparison Maecenas porta rhoncus dui ut congue. Donec luctus non sem eu euismod. Ut rhoncus mauris non bibendum congue. Donec maximus ipsum a lectus sollicitudin. Log in. SpotOption Founded in Israel, Visit Site. Editor's Score 3. Pros High leverage and low margin requirements No restrictions on short-selling Guaranteed Stop-Loss and Take-Profit orders.

Cons Uncertain future in Israel Professional traders may miss some functionalities Emphasizes the gambling aspect over investing and trading. Social Trading. Features Automatic stop-loss and take-profit One click trading API with MetaTrader Full scope of brokerage services. Review Comparison. Performance Since the platform lacks advanced functionalities, it performs quite well during various trading conditions.

Range Of Markets SpotOption offers trading on various financial markets, including the currencies, commodities, indices and stocks. Charting Charting is not the strength of SpotOption. Available Tools The main tools offered by the platform are a few technical indicators, including simple and exponential moving averages, RSI, Bollinger Bands, ATR, and the PSAR indicator.

However, all indicators lack advanced settings to fine-tune their appearance. Support Resources The SpotOption platform seems to lack detailed guides on how to use the platform, which is no real disadvantage given the rather simple user-interface.

Conclusion SpotOption is an industry leader in providing trading solutions for binary options brokers. Comparison Platform Comparison Maecenas porta rhoncus dui ut congue. Choose a platform MetaTrader 4 ZuluTrade Trade Station eToro Platform cTrader DupliTrade MetaTrader 5 NinjaTrader Sirix thinkorswim xStation 5. User Reviews Log in. Log in Email address:. Password Forgot password? Remember me. Or Login with Facebook Login with Google.

Related Articles. Double No-Touch Option Definition A double no-touch option gives the holder a specified payout as long as the price of the underlying asset remains in a specified range until expiration. In my experience, the major weakness of the platform was the trading portfolio feature. SpotOption received the Finance Magnates award for Best Binary Options Service Provider. The most impressive aspect of the trading platform is its flexibility and clarity of use. Home About Us Our Writers Disclaimer Contact Us. Elbaz, CEO of Yukom, a binary options broker, was accused of fraud.

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