Finding a Binary Option broker is not a difficult task at all but choosing the right Binary Option trade is definitely a difficult job. It is hard to understand the features offered by individual brokers and the features can vary widely. Some may offer important features and other may not have them in their platform. Here is a list of features that some of the Best Binary Option Brokers in USA has
- Extended Expiry – One of the newest feature lets user extend the expiration of an open position by 10, 20 or even 30 minutes. This does insures additional cost but the feature can help in booking profits and limiting the loss.
- Quick Options – This is more like traditional binary trading but the difference is that in quick options, the time difference between the bid and the expiry ranges from 1 minute to 4 minutes with an interval of 1 minute. The helps in quick and easy analysis.
- Limit Orders – A brokerage platform without the ability to place a limit order is like a body without soul. This feature allows the trader to execute an order when the price falls below the limit.
- Candle sticks – Candle Sticks are must for any analysis and the support for candle sticks should be provided in every trading platform. The platform should also be enriched with the ability of changing the interval of the displayed graph.
- Mobile application – Not all brokers have mobile application for binary option trading that is compatible with IOS and Android hence that should be checked before finalizing the broker as some people rely on handhelds for trading.
This is a short list of features that are offered by some of the best Brokers in United States and a trader should look for these basic features while selecting a brokerage firm.