In the meantime, there are 2746 respectful brokers for binary options but there are only a few providers for platforms. That means that brokers do not develop their software themselves but they simply buy and use already existing Software. This is a big advantage, because the development costs are diminished so that the broker can concentrate on the important things. A few providers have managed to develop their own software and they assign licenses to brokers. In this way, the provider can concentrate on the development of the platform. It does not have to enter the market and observe how it is received by the trader. Thus, the roles are clearly defined in the binary options market and the trader profits from this situation the most. An example of such a provider is Tradologic which makes the software for Anyoption, 24Option and OptionBit available. The platform was featured many times and it is just another reason why we list Anyoption as number one.
SpotOption is probably the most well-known platform and is used by many brokers. Apart from brokers like Banc de Binary and Banc de Swiss, the following are also using it: TraderXP, Optiontrader, EmpireOption, Traderush, Easytrade, Binary Banc, Options365, Inoption, Utrader, Exbino, Playoption, 60Options, Whitetrader and OptionMint. The business model of SpotOption is very simple. There are White Labels, which can be obtained. SpotOption provides a complete platform and it can be adapted to any broker as far as the design is concerned. The broker has to deal only with its website and the integration of the platform and in principle it is all completed. SpotOption was founded in 2008 after the binary options trading (in USA) was legalized. The vision was to generate a high value platform which is especially user friendly, above all. The trading is completed together with Reuters, a partner that is more than reliable.
Even though SpotOption has established itself in the market, there are other providers of excellent platforms such as Tradologic. Well-known brokers like OptionBit, EZBinary and BOCapital are referring to this platform. The product range of Tradologic is remarkable; a broker can make use of many solutions. The basic product with a simple web-based platform can be extended with Multi Browser, Multi-Odds Display of a Cross-Platform and with different options. Besides the standard digital, Range and Touch options there are also some exotic options like Triple, MatriX, Open Markets, Straddle, Pool and Grid. On the other hand, these options are offered only by a few brokers therefore they don’t play a significant role yet.