Spotoption platform binari
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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. 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.
In terms of strategy and time frame the platform can be used for them all. Exotic options include Pairs, One Touch and Ladders. 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. The copy trade feature, known as SpotFollow or iFollow, is powered by the same algorithms that operate the eToro forex social trading platform.
You can trade iFollow on eToro but it is not recommended. 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.
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.