WebTrader, cTrader and UTIP - web terminals for binary options trading
Long gone are the days when to open a deal on the stock exchange, you had to call your broker and through him to buy and sell assets. To trade binary options Now it is enough to register on the broker's website and download the trading terminal.
But here, too, the trader can simplify his life. It is possible not to download anything, but to open a trading terminal in your browser and trade BO. We will look at the three most common web terminals for trading binary options.
WebTrader trading terminal
The idea of a browser-based terminal is not new. Many brokers providing trading services in financial markets have their own WebTrader terminal. The version for the foreign exchange market almost completely repeats the interface of the popular platform MetaTrader 4.
The version for trading binary options is slightly different. For example, at one of the brokers, the quotes chart and the deal panel open in different windows.
Another company's WebTrader has an animated interface for dynamic trading.
Benefits of WebTrader:
- execution of transactions "in one click";
- the possibility of multiscreen trading;
- The ability to log into the terminal with the login and password from the MetaTarder account.
Disadvantages of the terminal:
- The interface is completely different from the usual MetaTrader;
- absence of news, signals and expert panels;
- A limited set of trading assets and technical indicators;
- no possibility to use trading robots;
- the occurrence of "browser" slips;
- there is no possibility to install third-party templates and indicators.
This web terminal for trading binary options is quite controversial and very different for each broker. Therefore, when choosing it, in fact, the trader has to learn a new functionality every time.
Web trading terminal withTrader
Web terminal withTrader is primarily designed for ECN trading and is the most technically advanced online platform. As in the situation with WebTrader, there is a separate version of the terminal cTrader for binary options.
Advantages withTrader:
- user-friendly interface;
- the ability to trade "in one click";
- a wide range of technical indicators;
- The ability to display a chart of quotes in Heiken Ashi and HLC format;
- a wide range of parameters to customize the terminal.
Disadvantages of the terminal:
- A limited selection of assets for trading;
- the complexity of mastering for beginner traders;
- not the most widespread distribution of the terminal among domestic brokers of binary options.
UTIP web trading terminal
The UTIP web trading terminal is relatively new. Visually, it resembles the browser version of the MetaTrader terminal, which makes working with it easier. The main difference from previous platforms is that UTIP supports trading as CFD contractsThe following are the most important factors to consider when using both binary options and binary options on the same chart.
The advantages of UTIP:
- Four types of binary options are available for trading;
- The interface of the terminal is intuitive and does not cause any difficulties when switching from MetaTrader 4;
- the ability to trade "in one click";
- A fairly large set of technical indicators;
- Availability of the data directory linked to the account, which allows you to import your own indicators, and even full-fledged templates.
Disadvantages of the web terminal:
- no multiscreen mode, only switching between tabs is available;
- not the most widespread distribution of the terminal among domestic brokers of binary options.
Conclusion
Please note that we have considered only the interface and general features of the most common web terminals for trading binary options. Depending on the broker, their appearance and available functionality may differ.
In addition, all browser platforms have a number of common problems. For example, the performance of web terminals is somewhat lower than that of stationary terminals. Using a browser-based terminal for trading binary options requires a high-speed internet connection and sufficient RAM capacity. Because of this, owners of weak machines can be confronted with incorrect work of such programs.
On the whole, the industry of web terminals for trading binary options is still very young, and it certainly still has a lot to develop. Nevertheless, the availability of an alternative is always a good thing, so calculating traders should pay the closest attention to their use.
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