Written by: Sophie May
The Digital Options Pro platform is essentially the standard binary options platform, offered by all binary brokers and a great starting point for those new to the industry. It is widely accessible, can be used with all the tradable assets, and is the first platform you’ll see on the homepage of any brokerage firm.
Advantages
What makes this platform so popular is its user friendly interface. Newcomers to binary options trading find that this is the first platform they naturally turn to. Master the Digital Options Pro and you’ll be able to easily adapt to the other platforms, which are, in different ways, just variants of this standard platform. Plus you should be able to trade all of the offered assets on this platform.
The simplicity of the Digital Options Pro holds a special appeal even for more experienced traders. If you know in advance what you will trade and are confident about your decision, why complicate matters with details graphs and return adjustments? Many investors prefer to keep the actual trading as simple as can be, and focus their efforts on following the markets, making the correct trading decisions, and enjoying the results.
How it works
As the trader, you have full control over the underlying asset you wish to trade, the expiry time of your trade and the amount of your investment. All that remains to determine, and the most important decision, is whether the value of the asset will move upwards or downwards in the set time.
You know the exact payout in advance. Typically, if you correctly predict the asset direction and finish the trade in-the-money, you will win about 70-80% of the initial investment amount. However, should you be out-of-the-money at the expiry time, you will lose the majority of your investment.