The Best Binary Options Trading Platform
Are you looking for good trading software for Binary Options? – Then you are exactly right on this page. With more than 5 years of experience in the financial markets, I have tested and compared different trading platforms. In the following sections, I present you from my experience by far the best software for trading. Learn step by step how Binary Options Trading works.
In the picture above you can see what I think is the best trading software for private traders. It is characterized by the fact that it is very user-friendly and that the trader can adapt it perfectly to their own trading style. In the following texts, I will give you a detailed guide to the functions.
The first facts about the Binary Options Trading Software:
- Trade Binary Options on stocks, forex (currencies), commodities, indices, cryptocurrencies, ETFs and more in one platform
- The trading platform is available for every device
- Regulated and licensed provider from Europe
- Free to use with a $ 10,000 rechargeable Demo Account
- Real money trading from a small minimum deposit of 10 €
- Customer support 24/7 in 22 languages
- Analyzes, technical analysis, business news, guides and more
The Binary Options Software is available for any device
Nowadays it is especially important for the private trader to have a flexible trading platform. This means that the platform should also be usable from the road. With the IQ Option Software, you can access your portfolio at any time, 24/7 a week. Download the app for your mobile device.
The advantage is that you only need one access to the software and control your account. The Binary Options Trading Software is available for the browser (web), mobile device and for the computer to download. In general, a download of the software to the PC is recommended because it runs smoother according to the developers.
- One access for each device
- Use the computer, browser or a mobile device
- Receive alerts and messages
- Management of the account 24/7
The installation of the Binary Options Trading Platform is very easy and requires little know-how. Download the software in your browser or Appstore with just one click. The manufacturer also always informs you about the latest updates. From my experience, the platform is often updated and improved. IQ Option is for me one of the most innovative companies in the trading sector, as it constantly evolves.
Demo Account for beginners and advanced traders
Beginners and advanced traders can try and test the trading platform in a free demo account. The demo account is suitable for trading without risk. The trading software has an integrated account with $ 10,000 of virtual credit. This can be charged as often as I like with just one click.
Switching between the demo account and the real money account is also very easy with just one click. The demo account is perfect for practicing and perfecting one’s trade. For example, traders can test new markets or learn strategies. From my experience, I recommend every trader to first test the Binary Options Trading Platform in the demo account and learn the functions. This way, capital-intensive errors can be avoided for later real money trading.
Fast and free account opening
A Binary Options trading account can be opened in a few minutes. With only an e-mail address and a secure password, you get direct access to the trading platform. You can directly test all functions in the demo account and start trading.
Before the real money trade, the Binary Options Broker must determine your identity. For a complete account opening, additional personal information must be provided. The broker will provide you step by step instructions for opening an account. The process can be completed in just a few hours. To do this, upload the required documents in the back office. From my experience, the documents are confirmed within 24 hours. After that, all account features are unlocked and you can start real money trading.
The Functions of the Binary Options Platform
In the following section, I would like to discuss the features of the IQ Option trading platform. The software offers a variety of settings and is very user-friendly from my experience. Unlike other platforms, all features are just a few clicks away. This meant there is a very compact interface, which is very well suited to the demands of the trader. In the picture below you can see a live screenshot of the software.
The selection of markets is quite easy
With the menu, you can easily choose between over 400 different markets. The Binary Options broker is trying hard to expand its offer. For example, in the field of cryptocurrencies, it is a pioneer and offers a variety of digital currencies for trading. Select currencies, stocks, cryptos, commodities, indices, ETFs or trading options with just one click. The new chart window with the asset of your choice opens immediately.
You can switch back and forth between the open markets with just one click via the upper switching bar. Several markets can also be observed side by side at the same time. The charts can be arranged arbitrarily by the dealer. So you can design your personal “workplace”.
In addition to the selection, you can also see the direct characteristics of the market. For example, see the current spread, leverage, and daily change at a glance. More information can be obtained via the info button (screenshot below).
This information can be viewed directly on the trading platform:
- The yield of the Binary Options
- The market spread of the asset
- Maximum leverage (multiplier)
- Daily change and positions of other traders
- Information about the market and its properties
- Direct market news will be displayed
- Commercial terms
The charting in the Binary Options Trading Software
Another important point for choosing a suitable Binary Options Trading Platform is charting. The majority of private traders make their trading decisions based on fundamental and technical analysis. Indicators and chart formations can be used to develop methods for trading. The settings for the charts can be found in the lower left corner of the software.
The most popular representation for the chart are the candlesticks. This candle formation offers the trader much information to interpret the market movement. In addition to the candlestick, the trading software offers 3 additional display options. Choose between the Candlesticks, Line Chart, Bar Chart, and Hekin Ashi. The colors can also be customized.
- Line Chart
- Candle Chart (Candlesticks)
- Bar Chart
- Heikin Ashi
- The colors can be individually adjusted
In addition to the charts, you can also set over 18 different time units. The selection ranges from a 5-second chart to a 1-month chart.
Indicators and drawing tools are free available
Indicators and drawing tools are essential for technical analysis. The trading software of IQ Option currently offers more than 50 different indicators, which can be inserted independently by the trader. This also works through the menu in the lower left corner. For example, select Volume, Trend, or Momentum indicators to build your own desktop. The settings can be saved as a template and can be duplicated as required.
In addition to the indicators, there are also a number of drawing tools. So a complete technical analysis can be done. For example, there are several books on Amazon, but IQ Option’s trading platform also lets you learn a lot about technical analysis in Video Education and apply the methods to the chart.
The tools and indicators can be adapted and adjusted as desired:
- Tools for Technical Analysis
- More than 50 different indicators
- Personally customizable
- The settings can be duplicated as required
This is how the order execution in the trading platform works
Order execution at IQ Option is very user-friendly. You choose any bet (from 1 €) and start your investment. Many other Binary Options and Forex Trading Platforms confuse the trader with “lots”. This is not the case in the presented trading platform. Leveraged derivatives and financial products are offered. In the window below the dealer recognizes the multiplier (leverage). The leverage is also customizable with just a few clicks if you want to trade forex or CFDs.
The trade execution is quite simple and very fast on the Binary Options Trading Platform. Make a forecast for the chart movement and trade in the direction you want. Also, there are different time horizons available. The Binary Options are starting from 60 seconds to more than 1 week expiry time. You can see the risk and the possible return of investment in the ordermask. Just do one click and your position is opened.
Forex and CFDs:
Trading lever multiplies your bet or position size high. The broker allows the trader to open larger positions with a lower margin of collateral. This is essential in many markets, as there is low volatility (movement).
The positions can be hedged with an automatic loss (stop loss) and profit limit (take profit). These are the most important position management tools. The risk can, therefore, be limited. Then invest in falling or rising courses with just one click. Not only market orders (direct purchase/sale) are possible in the trading platform but also limiters. Depending on the strategy, the trader can choose a specific price at which he wants to buy or sell automatically. In the picture below you will see the ordermask.
Another advantage of the order mask is the potential profit via the sidebar. The trader can immediately see what percentage he makes or loses in a particular market move. This can help enormously with the position opening.
The functions of the order mask:
- Invest any amount (from 1 €)
- Choose between different expiry time
- Choose a suitable multiplier (leverage)
- Secure the position with a stop loss and take profit
- Invest in rising or falling courses
- Also use automatic limiters
Market news for forex, stocks, and cryptocurrencies
In the trading platform, you will find a wide range of news under “Market Analysis”. The messages are divided into specific segments: General News, Forex (Currency) News, Stock News, and Cryptocurrency News. Especially the income calendar for shares offers the trader a huge advantage. For example, the trader can react very quickly to fresh corporate data.
In summary, the range of news and analytics for which tradable assets are perfectly crafted at IQ Option. With quick access to the news, you can be one step ahead of other merchants.
The first deposit on the Binary Options Trading Platform
First, I recommend every trader to fully verify his trading account before making the first deposit. Afterward, you can use all functions smoothly. The deposit is completely free and there are no hidden costs. You can use 8 different deposit methods. Through electronic methods, the capitalization of the account works in real time.
The minimum deposit is only 10 €. The trading platform is designed for low and high capital trading. Beginners can approach with small amounts first.
The payment of customer funds
The disbursement of customer funds works just as easy as the deposit. You can request a withdrawal via the menu in your account. This payout will be reviewed within 24 hours and usually even sent earlier. There are only charges for bank transfer. This may vary depending on the bank.
- Deposits and withdrawals without fees
- Use bank transfer, instant bank transfer, credit cards, Neteller, Skrill and other methods
- Payouts within 24 hours
Customer support and service
Another important point is customer support for traders. In the trading platform, you can contact the support directly with just one click. This works via the built-in chat. It is even possible to write with other merchants in a group chat.
Support is offered by phone, chat or email 24 hours a week. German employees work around the clock for this company. From my experience, the questions are answered professionally. For merchants with higher deposits (VIP from 3000 €), there are account managers.
- Support 24/7 a week
- Support by phone, chat or email
- Built-in chat function in the trading platform
In summary, IQ Option has very good customer support. Especially starters will be helped competently here. The video training with over 200 different explanatory videos is perfect for further education.
Conclusion on the best Binary Options Trading Software 2019
IQ Option is currently the best Binary Options Trading Software for the private trader. On this page, I have given you a great overview of the platform. Due to time constraints, however, I was not able to provide you with complete details of all the functions, so you can open a free demo account to test the platform yourself.
The software is characterized by its user-friendly design. You can trade a variety of different financial products from just one trading platform. The right tools and news are available for the analysis. Furthermore, the trading fees are extremely low and you always get a top execution.
In summary, IQ Option offers the best overall package:
- Trade Binary Options, stocks, commodities, options, forex, cryptos, ETFs from a single platform
- Regulated and secure provider
- A low minimum deposit of 10$ and trades from 1$
- User-friendly trading platform
- Numerous functions for analysis and charting
- Fast deposit and withdrawal