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.
What are the top 5 options trading platforms?
Deriv DTrader
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.
| PROS | CONS |
| 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 |
IQ Options
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.
| PrROS | CONS |
| 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 |
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
| PROS | CONS |
| 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 |
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
| PROS | CONS |
| 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
| PROS | CONS |
| 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.