SpotOption Binary Option Platform Get Better

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SpotOption Binary Options Platform Get’s Better With Age

SpotOption is one of the oldest binary options white label platform providers on the market today. The brand is spread across hundreds of brokers and well known for a couple of things. One of them is versatility and depth of the platform. They have long been an innovator when it comes to binary options trading and features important to traders. Another is that the ease of use on the broker side and largely unregulated nature of binary options has made them a favorite of scammers. This doesn’t mean that SpotOption is a fraud or that all SpotOption based brokers are frauds, far from it. There are many regulated and trusted brokers operating under this banner and more are sure to come. SpotOption itself is licensed by CySEC and has recently opened a new office in London for the express purpose of servicing regulated binary options trading in the EU. They also have a similar office in Hong Kong, servicing the Asian market.

When it comes to individual brokers there are some variations depending on which version of SpotOption they are running and which features they choose to run. For the purposes of this review I will be focusing on the latest version but I will touch base on the evolution before going on. The original platform, simply called SpotOption, was advanced but buggy. High/low and some other exotic options were available and first versions of the OptionBuilder were present but it had none of the depth later versions have. Some brokers are still running on the original but most are using the more advanced Spot2 platform. This platform has expanded features to include CFD and spot forex trading, copy trading, Ladders, more advanced charting and fixed some bugs found in the earlier version.

SpotOptions Is Fully Featured

Standard high/low options come in a variety of trading styles with expiry ranging from 30 seconds to 6 months or more, with dozens of other choices in between. In terms of strategy and time frame the platform can be used for them all. Exotic options include Pairs, One Touch and Ladders. Pairs trade like forex but are combinations like Gold/Silver or Goog/MSFT. Payouts for these options run in the range of 75%-85%, same for high/low. One Touch options require only one touch of a set strike price before expiry. They trade when the market is closed and have expiry like end of next week or at the close of tomorrow. They carry more risk and give higher payouts, 100%-300% depending on conditions. The Ladder Options are my favorite trade on the platform and SpotOption’s answer to the high yielding 0-100 option product offered by AnyOption. These options trade in the above/below style with set strikes and payouts that can go up to 700% or more.

The best method is to use a good, regulated, SpotOption broker but be warned, copy trading is very risky. The system uses a leader board that can be filtered by asset, success rate and etc. You set trades with limits like trade size, total amount to be risked, how long you follow and how many trades you will follow. The idea is sound, the risk is that you choose the wrong person to follow.

Spot forex and CFD trading is also available. Spot forex trades just like it does on a standard forex broker; you trade lots, have unlimited risk and profit/lose based on the number of pips of movement. CFD’s, contracts for difference, are similar to binary options but trade more like spreads having a maximum and minimum payout based on the movement of the underlying asset. These are similar to NADEX Binary Options.

Early Out/Close Now and Rollover features are usually available too, features of the standard high/low trade. Early Out allows you to close a position before the indicated expiry time. It is usually only available on options with expiry longer than 15 minutes and has a window of availability. Payout will depend on the price level of the asset, if it has moved counter to your trade you will lose some money but if it has moved higher you may win some profit. Rollover allows you to add more time to an options once per position by adding a little money to your trade. It is also typically only available to options with longer time frames.

Options can be viewed in 4 different screens. The first is modeled off the original version, a single large ticket window per option. Others include a bar listing, smaller ticket windows where you can watch a dozen or more assets at one time and a larger single window version where you find the best charts. These charts aren’t quite what you get with MT4 but do give a nice candle stick view of the option you are trading.

However improved there are still some problems. The system is still a little buggy in the shortest time frames, 30 and 60 seconds, but these types of options are sketchy in the first place so that issue does not bothering me, price lags in the higher time frames are not noticeable. They are also lacking a range type option which can be found on other platforms which could be a problem for some traders. Not surprising as they have a higher likelihood of closing in the money.

What’s The Verdict?

Basically, this is the most fully featured binary options platform on the market. There is little you can find at another broker you can’t find here. In terms of the difference in features between SpotOption and other platforms is this, they might have something SpotOption doesn’t have but SpotOption has so much more than the every other platform it puts them in a category all their own. The expiry is really what does it, they don’t limit the type of trading so they become an option, no pun intended, for more types of traders.

Availability of the platform is just about global, except for in the US. Otherwise there are both CySEC regulated and non-regulated brokers using it, regulated the recommended choice. Payouts are average, only 75% to 85% for regular high/low binary, but the exotic options are much better. Money is usually safe, but it can depend on which broker you choose. The number of scammers is getting smaller and smaller but there are a few still out there. US traders can expect to see a solution for them soon. SpotOption has been working with Cantor Exchange to produce a viable CFTC approved exchange and testing is underway now.

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SpotOption review

Rating:

The Binary Options Platform industry is polarised. The industry has big players and small companies who try to gain some market. The biggest player in the market is SpotOption. It crushes the competition with more than 50% of the market share. Want to know what makes it the best? Read it in our SpotOption review!

Desktop App: No Tech. Analysis: Yes

WebTrader: Yes News Feed: Yes

Mobile Apps: Yes Social Trading: Yes

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SpotOption: About the Company

Even though the creation of the SpotOption is dated 2009, the company got licensed in the May 2020 with the SpotOption Exchange License and is regulated by CySEC. It is clear from the regulations that the headquarters of the SpotOption are based in the Cyprus. It was found out that at the time of the our review, the company provided customers with binary options platform and white label solution.

The SpotOption holds the 70% of the binary options market and provides its services to more than 250 companies worldwide. The platform of the review could be not only used as a finished product (plug-and-play), but also as a base for the integration and customization. So don’t be shocked when you a bunch of different platforms that are actually all SpotOption based.

Recently, the SpotOption introduced the newest of its products – the Spot Machine. The Spot Machine allows you to trade binary options in a new way which is somehow similar to the withdrawal from the ATM. Unfortunately, this machine is not a purpose of this review.

SpotOption Types of Options

The pure SpotOption platform has 5 main types of binary options trading that are available for the binary option brokers, so the list of options can change from broker to broker.

This is the basic binary options trading type, which is sometimes called Hi/Low. The main goal of such binary option is to predict if the price will be above or below the execution price in the selected time. The time selection is from 15 minutes to the market closure.

From the basic point of view, it is the same type of trade as the binary, but the timeframes are much shorter, so you have to be ready to act fast. You can trade binary options of this types on 60, 90, 120, 180 and 300 seconds.

This type is interesting due to the combination of the basics on binary trading with long-term investments. So, you once again predict the price to go up or down, but your timeframe has a core difference. The timeframe of such binary options trading type is every Friday’s market closure till the end of the year. To be honest, the SpotOption Platform review finds it to be pretty amazing.

Are you good at predicting whether the instrument get to some particular level in 15 minutes? Than one touch binary options trading is for you. You just bet on touching the level or not touching the level and that is it.

The main question of such binary options is “Which will perform better?”. So you asses not just one instrument, but two at the same time. Afterwards you just answer the question above with either one instrument or another and receive your reward. The assessment can be made for 30 minutes, 1 hour, 2 hours or market closure.

AMAZON VS EBAY AMAZON VS NETFLIX APPLE VS AMAZON APPLE VS GOOGLE
CITIGROUP VS AIG CITIGROUP VS JP FACEBOOK VS TWITTER GOLD VS OIL
GOLD VS SILVER GOOGLE VS BAIDU LINKEDIN VS FACEBOOK LINKEDIN VS TWITTER
McDONALD’S VS STARBUCKS S&P 500 F VS NASDAQ F

It was also found out by the SpotOption binary options platform review that such trading options as Ladder, JLdo and FX/CFD are currently in the stage of development and will be available in the nearest future.

Currencies Stocks Commodities Future Indices
EUR/USD AXA OIL DOW JONES 30 FUTURE
GBP/USD BARCLAYS Gold NASDAQ 100 FUTURE
EUR/JPY BBVA Silver S&P 500 FUTURE
GBP/JPY BEIERSDORF COFFEE FTSE 100 FUTURE
USD/JPY BMW CORN DAX 30 FUTURE
USD/CAD BNP PARIBAS SUGAR CAC 40 FUTURE
USD/CHF BP GOLD/EUR IBEX 35 FUTURE
EUR/GBP LUFTHANSA GOLD/JPY MIB 40 FUTURE
AUD/USD E.ON GOLD/SILVER SMI 20 FUTURE
AUD/NZD ENEL COPPER
NZD/USD FIAT TA-25
AUD/CHF ORANGE FRANCE SOUTH AFRICA 40 FUTURE
AUD/CAD GAZPROM ASX 200 FUTURE
AUD/JPY ROSNEFT NIKKEI 225 FUTURE
EUR/AUD ROYAL DUTCH SHANGHAI COMPOSITE
USD/ZAR ICICI BANK NIFTY-FUTURE
EUR/ZAR SBERBANK BOMBAY 30
EUR/TRY SOCIETE GENERAL DUBAI
USD/TRY TESCO TADAWUL
USD/NOK THYSSENKRUPP
EUR/NOK UNICREDIT
CAD/CHF VODAFONE
CAD/JPY MICEX
CHF/JPY PLATINUM
EUR/CAD AMAZON
GBP/CAD AMEX
GBP/CHF APPLE
GBP/AUD BAIDU
NZD/CHF CITIGROUP
USD/RUB COCA-COLA
USD/MXN DISNEY
USD/SEK EXXON
FACEBOOK
GOOGLE
IBM
JPMORGAN CHASE
MCDONALDS
MICROSOFT
NIKE
TWITTER
YAHOO
ALIBABA
ANZ
SONY
SUMITOMO
BHP BILLITON
WESTPAC BANKING
RIO TINTO
TATA MOTORS LTD
RTSI

SpotOption Platform

The SpotOption platform is available in your browser, so no packages are required. At a first glance – the SpotOption gives a feeling of the platform that is made by the professionals.

The second looks at the platform is the same as the first one, you will definitely enjoy it!

Even though the platform is full of additional features, it has to be admitted by the SpotOption platform review that its response time is superb. Also, there are no bugs and no slowdowns, even if you try to create them.

The instruments displaying options are just perfect. You have an ability to have big list, small list, panel view and single instrument view. The best part is that every view type allows to create orders in clear and simple way.

Another valuable feature found by the SpotOption binary options platform review is the instruments filtering. The platform allows normal filtering between:

and also has the “Hot Assets” option, which displays assets that are the most tradable at this point.

The instrument’s chart can be displayed in 30 minutes, 1, 2, 4, 8, 12 hour timeframes.

The order creation process is no pain as well. You just have to decide on the investment amount, press the desired button and then confirm the order. The SpotOption binary platform review found out that you actually have a possibility to cancel your order in 3 seconds after you confirmed it without any additional charges.

The social trading option is made in easy way as well. You just have to find the trader that suits you the most, decide on the investment period, set limits on the per trade and total investments and press follow. Furthermore, in case you have enough money on your account, you can press the no limit button so your order sizes will be the same as order sizes of the trader. The binary options SpotOption platform review supposes that this is actually the most convenient way of making social trading on binary options at this time.

SpotOption SmartPhone Apps

The SpotOption has the binary options trading applications for iOS and Android. The iOS actually has two applications, one for the iPhone and the other for an iPad.

At a first look, it is easy to see that it was done by the SpotOption, it looks very similar. It is logical that a functionality of a mobile app will be lower than the web-platform. It includes only basics, without fancy social trading and news feeds.

The SpotOption mobile platform gives you the useful guide on the usage of the application the first time you try to make an order. The SpotOption did not find any difficulties with order creation in neither of the mobile apps. The process is even simpler than the one on the web-platform. You just decide on the amount and make a trade.

The only thing that remained unclear – was the field that stated “Connection. Tap to reconnect to live trading”, maybe it was server error, but the main function of the button in the field was refreshing the chart.

The mobile app can be used for the mobile trading but the review of the SpotOption is more impressed with the web-platform.

SpotOption Review Conclusion

As can be seen from the SpotOption binary options platform review, it is the best binary options platform in the market at this time. It provides brokers with the quality platform that can be brought directly to the customers without any significant changes. The Binary Options Hub is actually disappointed by the way some binary options brokers change the layout and functionality of the platform.

The filtering and view abilities presented by the SpotOption show that the company clearly understands what their customer want. Also, the way SpotOption brings social trading is the best option in the market.

Anyway, if you do have a decision between some other platform] and the SpotOption platform – go for the SpotOption, you will not regret it!

For all these reasons the SpotOption platform review receives 5 out of 5 stars.

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Free SpotOption demo account and SpotOption platform review

See the SpotOption demo account and learn to use the SpotOption platform!

SpotOption is a developer of a platform for binary option brokers and provide a very cheap demo account: It is free forever. With these it is possible to test the platform with no strings attached. This post will show you how to join the demo accounts, select the right option type and place your first winning trade!

First, SpotOption is no broker. Other than at some fishy demo accounts you don’t need to deposit any money. Currently you don’t need even a valid email address. The access to the SpotOption demo account is a bit hidden into the content; you don’t find them in the menu. Most of the information at the homepage are for brokers and are not interesting for a trader.

You need only an email address for login name, a password and retyping the captcha. After you press the submit button wait and don’t press it multiple times. Creating a demo account take a little time. After the account was created, you get the quality demo filled up with $50.000. You can immediately log in and place trades.

The SpotOption platform

Understand brokers interface is the difference between rewarding and failing. Hence, this testimonial puts his focus at the usability. The interface is very simple to use. At the top of the website are tabs to select the type of binary options. The platform seem very stable and trustfully. All assets are sorted in 5 groups and the combobox has a search field, make the swapping between very fast. The asset view support line charts and japanese candlesticks. To place a trade you need only two clicks at one of the both buttons. The developer of the SpotOption platform have captured promotion videos, but the most important fact is that they don’t want to sell any crap applications or tell you strange stories.

  1. Your actual broker deposit. Open trades are not included in this sum. A new SpotOption demo account get filled up by with $50.000.
  2. The type of binary options. The SpotOption platform support current classic binary options, pair options, long term options, short term options (60-second-options), One touch (don’t get confused with Touch/Notouch), Ladder options, FX/CFD options, Spot follow options and limit options. The default selection are the classic options. Classic options are the recommend trading way for newbies. Beginners are often confused with all the possible types. Read now about the types of binary options.
  3. The type of asset to trade. This selection changes the content of the combobox at 5. A good starting point for newbies are currency pairs. At the SpotOption platform are currencies (for example EUR/USD), commodities (resources, for example oil, gold and silver), indices (for example Micex and Ibex) and stocks (for example BP and Vodafone) available. The default selection is the group Hot Assets. This group contains the most common assets of the other groups. Which assets are available depend at the current daytime and the selected type of binary options (2.)
  4. This button switch between the asset views. The available types basing at the binary option type, you have selected (2.). The choice of the view is primary your preference. A small tip: If you wait for a good entry point select at two asset charts the same asset, open the submit dialog at one and observe the price at the other chart.
  5. This combo box selects the asset to trade of the current selected asset type (take a look at 3.). If you change the asset all other information will change like the chart view, payout and possible experience days.
  6. The expiration time of the trade. This depends at your actual selected binary option type (2.). At classic binary options you win if the price of the asset is above (CALL, 8.) or below (PUT, 9.) the price you placed the trade.
  7. The trade amounting. Your win is percentage to your investment. You should strongly use a risk management strategy.
  8. This button places a CALL trade. You need to apply a new placed trade. It strong base at the type of your selected asset (2.).
  9. Place a PUT trade and is mostly like 8.
  10. Your pay out, if you win the trade inclusive your investment sum. Hence, it depends at 7.
  11. How much percent of your investment will you get if you win the trade exclusive you investment sum (7.).
  12. Sometimes get a part of your investment get protected and you will get back them if you lose the trade. It is full depends at your broker, investment sum, asset et cetra.
  13. With these buttons you can change the view of the chart. But the SpotOption platform don’t offer like all binary option platforms a professional chart. Using chart software like MetaTrader is strong recommend.
  14. This button hides 3 analytic with Moving Average, Bollinger Bands and RSI. earn-money.today has current no information about the accuracy of this analytic.
  15. At the bottom of the platform you will find a list of all your trades. This button swap between open and already closed trades.
  16. Here you can select the type of option to list.
  17. This is an actual list of your trades, depends at 15. and 16.

Place your first trade

It is time to place your first trade. In a real trading session is the first step to figure out in what directory will the price move. But it is more important to get a feeling for the platform rather than find the cleverest trading opportunities. That you don’t wait to long for the end of the trades, you could select the 60-Second-Options (Short-Term-Options). Please don’t forget, these kinds of option is hard to predict. Hence, trade Short-Term-Options only in a Demo account.

Here you can select either CALL (↑) or PUT (↓). After the selection, submit your trade with in the open modal popup. Now you can wait 60 second (that is the default setting) until the trade is done. Now do you know how trade. It is time to learn more about strategies, manual signals and autotrader. Below do you find more information to make money online!

Train is the main keys to success!

You can place some random trades to get a feeling for this platform because this demo account have a big fund and you can register a new account in less than 1 minute. So it is possible to determine the most reliable ways to trade and your favorite trading method. This unique simple and free Demo account has only one disadvantage: The SpotOption platform support current no Touch/Notouch-Options.

For beginner, it is recommended doing anything others to distract from the open trade. If you watch the trade you get may bad feelings or panic what cause in wrong decisions. Use a Smartphone to get away from computers between the trades. With this you can take a look at all your trades while you are outdoor, meet with friends etc. This is one of the most important beginner Tips.

After you have some feeling for the demo platform you can select a strategy and try to increment your money. No matter if you lose first more than you win, each body began small! You can collect experience until you are a top trader and start with your financial freedom!

Use a disposable eMail address to create other demo accounts!

If you use a Google Mail address you will get the rights to use this eMail address and all usernames concatenated by a + sign. If your username were example, your primary address were [email protected]. But you can use the eMail address [email protected] too. All eMails to this sub-usernames get redirect to the inbox of your main account. You can use each of this if you need a second eMail address like at the SpotOption trading system to create a second demo account or if you want avoid spam mails. If you receive any spam, you can create a filter to drop all incoming eMails in your Google Mail settings.

If you don’t use Google Mail, a quick Google search shows much other disposable eMail services. You don’t receive current any eMail, hence you can use them safe.

Is SpotOption demo account and platform a scam? The conclusion!

If you read the review carefully, you know already the result. But to summarize all information about the SpotOption demo account and platform we want to revise them together. SpotOption is a verified platform developer and makes money with selling they to broker. Hence, SpotOption don’t want your money, other than fraud service schemes. You do not need current a valid email address and will not receive any emails. They are only for your username. You can join in seconds and trading with the demo account. You never need one penny to pay. There are no well-known scam tactics like other service. It is the most advance demo account available. That all mean only one clear verdict: SpotOption demo accounts are brilliant and scam-free! That’s why the SpotOption demo account is listened as legit tool.

Thank you very much for reading this review about SpotOption demo accounts and the general platform. Because SpotOption.com is a verified legitimate webpage, you should share your experiences in the comments below and at social medias. If you have further questions, send quick an eMail to [email protected] or use the pretty contact form.

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