Tradologic

This is one of the best platforms for trading as it supports about 18 binary option brokers, which include OptionBit. This platform also offers three main types of trading strategies known as Touch, Digital and Range. The traders have the option of choosing from a wide range of currencies, stocks, indices and commodities. The total minimum amount of trade is quite low at just $10.


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Safety and Regulation

Tradologic is an award-winning company and has extensive in-depth knowledge of trading techniques and the financial industry. It has an umbrella license under MiFID and Bulgarian Financial License. The company is focused on delivering a platform that complies with the regulatory bodies in the following markets”

  • EU (Bulgaria (FSC) and MiFID)

  • EU (Cyprus – CySEC)

  • EU MiFID

  • Isle of Man GSC

  • Non EU Belize IFSC

  • Japan JFSA

  • Malta LGA

Trading Products

Tradologic offers a number of trading products for the user to choose from. It offers the option of trading in forex with its easy-to-use platform known as Simplex, which is ideal for first-time users. There is also MetaTrader 5, which allows trading in stocks, futures and CFDs. Finally, it offers portfolio management where users can invest in different portfolios and customize them.

Trading Strategies

Touch

In this trading strategy, the asset needs to touch a particular price within a particular timeframe. It also allows for payouts which are quite large.

Digital

This is the standard binary option trade. The trader can click on the call/above arrow on the website if they believe the asset will go above the present market price at expiration. They could also click on put/below if they expect the asset to be lower than the current market price at expiration.

Range

In this strategy, the trader predicts if the asset will expire inside or outside a predetermined trading range.

Turbo Trading

This platform also offers a few short-term options for trading. The users can choose from options which expire in 60 seconds, 2 minutes and 5 minutes.

Take Profit

In this feature, the trader can close a position before it expires in order to secure some of the profits.

Rollover

For a certain amount of fee, a trader may extend the expiration time of a certain position.

Customer Support

Clients can get in touch with the company by contacting via email. A live chat option is also available.

Pros

  • Clear and unambiguous design

  • Trading contract choices are divided according to currencies, indices and commodities

  • Live chat feature available

Cons

  • It lacks flexibility

  • Lack of charting software

Conclusion

The best feature of the Tradologic platform is that it offers simplicity and ease with which trades can be placed. It is also very quick. Traders who operate on the news or short-term traders generally find this platform as one of the best options since it is difficult to make a mistake (for instance, by placing a trade in the wrong direction) as the layout of this platform is simple and user-friendly.


RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK


RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

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