Potential traders who are looking for the most reliable binary options trading platform that best suits their needs will, of course, be looking for further information before making a final choice. There are several providers of binary options trading platforms on the market today, and although they have some features in common, each platform offers something a little different to the others. If you want to know if SoftBinary is the best provider of trading platforms for you, this SoftBinary review will give you all the essential information that you need to make an informed decision.
SoftBinary is part of the eGamings Group, which is a leader in the global modern payment systems solutions market. They also provide online games and investment platforms to suit the financial market. The company state that 70% of all binary options trades today are carried out through their own proprietory SpotOption trading platform, which is web browser based and requires no software downloads. Fast, seamless to use and highly functional, the SoftBinary trading software is rapid enough to facilitate fast-paced trading.
The SoftBinary trading platform interface is clearly laid out and intuitive to use, even for inexperienced users. With clear colours and easy to understand charts revealing market price movements, it couldn’t be simpler to place the desired trade using the innovative yet user-friendly software.
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Contract and Asset Types Offered by SoftBinary Software
There are four different binary options contract types offered by SoftBinary software, which gives advanced traders plenty of flexibility and enough variety to satisfy their needs.
The Short Term binary options contracts offered by SoftBinary enable traders to place trades on options with expiry times up to two hours.
An option that is not always offered by all of SoftBinary’s rivals, this choice enables traders who prefer to play a long-term game to place trades that have expiry dates of up to two months.
60 second options enable investors to place trades that have a very short expiry period of just 1 minute. This type of binary options contract is perfect for those traders who love the fast paced excitement of short term contracts.
This contract type enables the trader to make a profit if their chosen asset price reaches a specified level at any point before the end of its expiry period. Returns can be very high in this type of contract type, often up to 700%.
SoftBinary has plenty of asset types to select from to satisfy even the most demanding of investors. There are over 250 asset selections to pick from including currency pairs, stocks from some of the biggest companies on the market like Twitter and Facebook, commodities like oil and coffee, precious metals like gold and stock indexes.
Special Features Offered by SoftBinary Binary Options Software
There are some features that really make SoftBinary’s software stand out from the crowd. Here are some of this provider’s best special features:
Roll Over & Double Up
These are two features that enable traders to make maximum profit from their investment by creating larger positions. The Roll Over feature enables the investor to pay a fee to delay the expiry time of their contract while Double Up enables them to recreate their position under the new market conditions.
The trader is able to remove himself from the position to minimise his losses by selling the option back. The investor will receive the dynamic asking price.
An investor is able to use this feature to trade on one chosen asset versus another e.g. silver vs. gold.
This feature enables traders to follow some of the most successful traders on the platform in order to replicate their positions. This is a social feature that makes the trading experience even more entertaining.
Harnessing the current popularity of automated trading systems, this is the 1st automated binary options algo-trading system which enables investors to develop their own strategies using a self-prompting, easy to use wizard.
This exciting feature gives traders multiple strike prices together with different payouts for every position. This allows quite high payouts even on short term trading.
This feature enables traders to continue trading with their favourite assets over holidays and weekends, even if the market is closed.
SpotBinary Binary Options Software Mobile Platform
Like most of the best binary options trading platforms today, SpotBinary have recognised the need for mobile accessible trading and have accordingly developed their own intuitive and technologically advanced mobile applications suitable for smartphones and tablets. The apps can be downloaded from either the Google Play Store for Android devices or the Apple Marketplace for those who use an iOS device. This makes SpotBinary a great choice of platform for anyone who prefers to be able to place trades and check their assets while on the move.