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Spot Option Platform Review

 

UPDATED AUGUST 2013: SpotOption has just unveiled their brand new platform SpotOption 2.0 with GTOptions

TradeRush and iOPtion are two of the signature Binary Brokers that utilize the Spot Option trading platform.

Spot Option began development of their binary option platform in 2008. They receive market data feeds from Reuters and other providers. In May 2012 SpotOption received the first Binary Options license from the Cyprus SEC (CySEC), making SpotOption a regulated investment firm under Cyprus law. In July 2013 SpotOption compltely overhauled their platform changing the design, adding new features and improving the chart quality.

The main Binary Option screen allows for trading various popular preset scenarios. A trader can click the “Hot Assets” button which gives an assortment of option trades in the various markets. By clicking on the “Stocks”, “Currencies”, “Indices” or “Commodities” buttons several popular option choices for each of those markets are listed on the screen.

SpotOption Trade Screen

 

 

The main screen has 4 other tabs which allow a trader to utilize the following features:

Long Term:

Standard Binary options with expiration times of end of day, week and months.

SpotOption Long Term

 

Short Term:

SpotOption has added 2 expiration times to the ever popular 60 Second Binary Options. Now choose 30 second and 120 second options.

GTOptions Short Term

 

 

One Touch:

More like a traditional option where asset must touch a strike price within a certain time period. Payouts are as high as 500%.

GTOptions One Touch

 

Pairs:

Pair Options pit two different assets against each other. If the asset you choose is higher after expiration time, you win.

SpotOption Pairs

 

 

They also offer two more features called Roll Over and Double Up and Sell Early.

Roll Over: Trader can delay expiry time for a 30% increase in the trade amount.

Double Up: Trader can open up a second position with the same conditions based on the current price of the market.

Sell Early: Exit the position before the expiration time.

 

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