You will require a software trading platform in order to activate binary options which will allow you to make high quality and informed decisions on each underlying asset that you intend to trade. In addition, such a facility must provide you, as a minimum requirement, with rapid, secured and accurate trade execution, status tracking, important financial information and news together with the ability to allow you to accomplish efficient depositing and withdrawing of your funds.
In essence, you need a world-class binary options trading platform as an essential and primary requirement that is totally reliable and not prone to constant crashes or down-time. To achieve such an objective, many binary option brokers have invested millions of dollars in order to create global-beating software platforms that are capable of performing binary options trading with the utmost efficiency and reliability.
As a consequence, they are highly confident that the advanced, secure and highly sophisticated trading facilities of their platforms will help you launch a successful and lucrative investment career in binary options trading. In addition, you will discover that as your knowledge improves, you will have access to the specialized facilities that will assist you in advancing your trading to the next levels.
When designing their binary options trading platform, the prime specification of many brokers was to ensure their simplistic use while still providing a robust trading environment. As such, their clients have access to some of the most powerful trading tools available on the market today. What specifically are the main features and attributes that you should seek when you are undertaking due diligence on such tools? The following list presents the key qualities that you should look for when you care comparing binary options trading platforms.
Security: In today’s world of identity theft and computer hackers, first-class security is an absolute must. Rest assured because most of the top brokers have built powerful trading platforms with your data security as a foremost specification.
Consequently, you can always feel confident that your personal account information will always remain private and secure. To achieve this objective, all of your personal, financial and trading data is entered utilizing the best encryption protocols available. For your protection, many brokers, for example, apply state-of-the-art techniques such as SSL encryption through the HTTPS secure web protocol on every entry you need to make.
24/7 support – First-class support services should be available 24 hours, 7 days weekly to ensure that you have the professional backup necessary to enable you to resolve problems quickly and provide any advice you require.
You should always be able to contact a real support staff member whenever you have a question, need guidance or encounter new challenges. No matter what type of underlying asset you are trading or when you doing so, you should always be able to reach an account manager or a highly skilled member of your broker’s support team via LIVE online chat, telephone, or email.
Transparency – As an essential part of its operation, a platform must provide you with records demonstrating complete transparency regarding fees and commissions. You can then confirm that you are not a victim of additional broker fees or hidden commissions.
Variety – All traders have their own investment preferences. Some want to invest in commodities, some in currencies while some prefer stock and indices.
Consequently, your broker’s binary option trading platform must be able to provide you with a wide selection of asset types in the four main investment categories, which are commodities, currencies, stocks, and indices.
Higher potential profits – Choose a platform that will allow you to open large trading positions using a minimum cash investment by providing a competitive leverage facility.
Quick Profits – Check that the platform supports an extensive selection of expiry times ranging from 1 minute to 1 month.
Your selected binary options trading platform must be powerful yet intuitive and easy to use. A full set of technical trading tools and market data must be available right at your fingertips. From anywhere in the world, you must be able to utilize your broker’s web-based platform to access your account and trade binary options 24 hours a day, 7 days a week.
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