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Top 5 Options Trading Platforms In Zimbabwe

When it comes to finding the right options trading platform, there are a few key factors to consider.

One of the most important is the cost of trades. Some platforms offer very low-cost trades, while others can be quite expensive.

It’s also important to look at the features offered by each platform. Some platforms have a wide range of features, while others are more limited.

 Finally, it’s important to make sure that the platform you choose is reliable and trustworthy.

There are many platforms out there.

In this article, we are going to look into the top 5 best Options Trading Platforms so that you will choose the best platform for you

How to choose the best options trading platform for you

When choosing a trading platform on the market, there are a few factors that you need to consider.

Considering that the internet is a huge place where a lot of bad and good things happens, here are the three most important things to consider when choosing a trading platform

Ease of use

As a beginner or intermediate trader, it’s very important to choose a platform that is easy to use so that you won’t get stuck with our money on the line

You also want to consider the amount of time you will spend learning about the platform and how to use it

Features

Different platforms have different features which is something you need to look at also. What feature does the platform offer?

You need to also look at how many tools are there for you to use for your analysis for examples how many indictors are found on the platforms

Costs

You also need to look at how much does the platforms charges you for placing trades

You need to know that almost every platform will charge small commissions so you need to look at how much is it.

Fortunately for you, we have already researched that for you so you will find out

Customer services

Customer services is very important especially when you are dealing with money. Some platforms prioritize customer service more than others.

If you need help frequently or have complex questions, you’ll want to make sure the platform has a good reputation for customer service.

Top 5 Option Trading Platforms

What are the top 5 options trading platforms?

Deriv DTrader

Deriv Dtrader Platform

Deriv is a simple, flexible and reliable trading platform that offers forex, synthetics, stocks & indices, cryptocurrencies, and commodities trading. Deriv also allows you to trade on weekends through their synthetic indices trading assets

The DERIV DTRADER platform is one of Deriv’s many trading platforms and this one focuses only on Options Trading.

PROSCONS
Regulated by Labuan Financial Services Authority
Min. Deposit: $5
Foundation Year: 1999 as Binary.com
Min. Trade: $0.35
Max. Leverage: 1:1000
Lowest Spreads: 0.01 on Synthetic Indices
Trading Platforms: Android Apps, Windows & Mac OS
They offer Margin Trading
Beginner Friendly user Interface
Different Payment methods for almost every country
Not the highest Leverage on the Market
Some countries in the European Union are not allowed
Deriv is the best overall Trading Platform for Options Trading

IQ Options

IQ Option

IQ Option is one of the fastest growing online trading brands in the world. Once voted the best mobile trading platform, they offer CFDs on stocks, ETFs and Forex trading.
First founded in 2013, IQ Option has grown massively and now has over 40 million members and counting worldwide.

PrROSCONS
Regulated by FCA
Min. Deposit: $10
Foundation Year: 2013
Min. Trade: $1
Max. Leverage: 1:1000
Lowest Spreads: 0.06
Trading Platforms: Android Apps, Windows & Mac OS
They offer Margin Trading
Beginner Friendly user Interface
MetaTrader Or CTrader Platforms Not Offered
IQ is a good choice for Binary Option Traders

Expert Options

Expert Option is another good Options Trading Platform on the market. With a lot of advertising on the internet now, it shows how much Expert Option is becoming one of the most common options trading platforms

PROSCONS
Regulated By FMRRC
Minimum Deposit of $10
Minimum Trade size $1
Maximum Leverage offered 1:500
Lowest Spreads of 0.5 Pips
European Regulation
MetaTrader Platforms Not Offered
Expert Options is very easy to use for beginners

Binomo

The next platform on our list is Binomo. This platform allows you to deposit as low as $5 and have no restricions on their websites

PROSCONS
Regulated By CySEC and FMRRC
Min. Deposit $10
Mobile Trading Supported
Min Per Trade $1
Demo Account Provided
Too Much Simplicity for Advanced Traders

Olymp. Trade

Olymp Trade is another good trading platform for beginners expecially those who want to use mobile phones

PROSCONS
Min. Trade: $1
Min. Deposit: $10
Max. Leverage: 1:1000
Lowest Spreads: 0.7 Pips on Currencies
Beginner Friendly
Limited To Certain Laws

What are the benefits of using an options trading platform?

There are a number of benefits to using an options trading platform. One of the biggest benefits is that it can help you to make more money.

When you trade options, you have the ability to control a large number of shares for a relatively small amount of money.

This gives you the potential to make a lot of money if the stock price moves in the right direction.

Another benefit of using a trading platform is that it can help you to manage your risk.

When you use a platform, you will be able to see exactly how much money you are risking on each trade. This can help you to avoid

Finally, an options trading platform can help you to automate your trading strategies, which can lead to increased profitability

Which Platform is Right For You?

There are a number of different options trading platforms available on the market. In order to find the right one for you, it is important to understand the different features and benefits of each platform.

The first option trading platform is DERIV. Deriv offers a number of features, including:

-A wide range of investment options, including stocks, options, and ETFs

-Low commissions

-No account minimums

The second option is IQ Option. IQ Options offers:

-A wide range of investment options, including stocks, options, and ETFs

-Low commissions

-No account minimums

-A free virtual trading platform

The third option is Expet Option. Expert Option offers:

-A wide range of investment options, including stocks, options, and ETFs

-Low commissions

-No account minimums

-A wide range of analytical tools and data

Conclusion

This article looked at the top five options trading platforms and discussed which one might be right for you. Each platform has its own strengths and weaknesses, so it is important to choose the one that fits your trading style.

Comment below and let us know which platform you prefer.

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