Anyone who is searching for the best binary options trading platform for them is sure to be interested in reading this BinaryStation review to find out all of the essential information they require to help them to make an informed decision when deciding on a trading platform that will suit their needs.
BinaryStation was established as recently as 2014, but have quickly earned an excellent reputation within the financial industry for their new and innovative approach, the reliability of their trading platform and their unique solutions. The software itself has been developed and created by Binaryware LLC which is a technology company based in the United States. Established in 2013, this company is made up of professional from within the binary options and forex industries and as the founders of both the software development company and BinaryStation itself have had considerable experience within the financial sector, it is easy to see how the resultant trading platform is based on an in-depth knowledge of the markets.
With its simple and easy to navigate interface, the BinaryStation trading platform is suitable for both beginners and more advanced users. Traders can easily see all of their account information together with details about open positions and a complete history of their transactions with just a click to the interface.
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The BinaryStation trading platform requires no memory heavy computer software downloads but is simply accessed directly through a web browser. This means that not only do you save space on your home PC but you can also enjoy a much faster and more seamless trading experience. This is vital in binary options trading where speed of trades is often of the essence.
Traders are able to customise their own interface in order to simplify the trading process by setting up their favourites list to include all of their most commonly selected trading instruments.
Option Types Offered by BinaryStation
BinaryStation offer plenty of different binary options types so that traders are able to select the ones that best suit their preferences. They include:
The most popular binary option type, this is also sometimes known as Classic binary options and is the easiest type for novice traders. Based on forecasting the price movement of an asset over a specified time, this binary option type enables traders to predict whether an asset’s price at the time of its expiry will either be lower or higher than the current (or strike) price.
This binary options type uses specified price levels and are traded on the concept that an underlying asset’s price will touch the boundary within a particular period of time. A trader will predict whether an underlying asset will be able to reach a specified level before it expires. If they even touch the boundary once during this period, the trader makes a profit.
This binary options type uses specified range levels. This enables a trader to open an option based on their prediction of where the price will be at the time of expiry. The investor will predict that the price will either stay inside the boundary or extend outside it and they will make a profit should their asset’s price follow their predicted path.
Special Features of the BinaryStation Trading Platform
Some of the special features that are offered by BinaryStation to improve the overall trading experience include:
This facility allows traders to sell their chosen option in order to gain a larger payout should the price move against their forecast.
- One Click Trade
This accelerates the speed of the trading process, automatically opening the trade as soon as the forecast has been made and the Call or Put button has been pressed.
- Demo Accounts
The BinaryStation trading platform allows potential traders to open a demo account for free in order to test the various features of the platform before making a decision about whether or not it suits their needs.
BinaryStation Binary Options Trading Platform for Mobiles
Not only can the BinaryStation binary options software be accessed via a traditional desktop PC but there are also convenient mobile applications available for download. These are compatible with both Android devices and those manufactured by Apple, and traders who prefer to check their assets and place trades on the move must simply visit the Play Store or Marketplace and download the software for free to their smartphone or tablet. The mobile applications have a clear and easily navigable interface that ensures that traders can easily access their account even when on the go.
Whether you are an experienced binary options trader or whether you are a newcomer to the market, you will find the BinaryStation binary options software accessible and easy to navigate. With its wealth of options, special features and its mobile accessibility, it is a versatile and flexible trading platform.