Binary Trading Platforms Reviewed: SaxoBank vs. GFT Forex

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However, besides forex and CFD trading, these two companies also offer binary options trading. The binary options services offered by the two ventures are somewhat different than the ones that are being offered by traditional binary options brokers. Not only are the binary options trading services offered by the two companies different from the services offered by traditional brokers but they are also different from each other.

Read the below review in order to lean about the differences between the GFT binary options platform and the SaxoBank touch binary options services. SaxoBank offers a large selection of forex options to their clients. These options differ from traditional options on the fact that they most commonly offer much longer expiry times than the options offered by classic binary options brokers. SaxoBank employs the touch options binary trading type.

This type of options trading will require traders to predict if an underlying asset will reach a previously established value called the strike during a certain time frame. The services offered by GFT resemble more the options offered by traditional binary options brokers. Possibly the biggest difference between the two brokers is the way they calculate payouts.

When calculating payouts, SaxoBank uses a premium percentage model. Payouts will be calculated based on the percentage of the premium, which will be subtracted form the promised payout of an option. Here, options have a value between 0 and Traders will be paid out based on the value of their option. Consider the following example to better understand this:. Both companies offer a stable and elegant online trading platform. The SaxoBank platform might be more advanced in the sense that it includes a lot of advanced features that were specially designed for expert online traders.

However, this might come as a disadvantage to newcomers. The GFT platform is perhaps a bit more elegant than the SaxoBank platform when it comes to visual elements and graphics. It also appears that the GFT puts a lot more focus on the specifics of binary trading itself, while the SaxoBank platform resembles a traditional but advanced forex trading platform.

The company was also the first financial service providers that decided to offer their services on the internet as well. At this moment, the company offers a large portfolio of forex trading, CFD trading and stocks trading services. This was recently supplemented by binary options as well.

Most of the services offered by the company are more advanced than the services offered by traditional forex brokers and binary options brokers. For this reason, SaxoBank is a primary service provider for highly experienced traders and institutional clients. The company was launched in and since then it established its operations in more than countries.

The company offers a large forex, CFD and stocks trading portfolio that can be accessed by both institutional and retail clients. Stay up to date with the financial markets everywhere you go. Calculation of Payouts Possibly the biggest difference between the two brokers is the way they calculate payouts. Imagine the following example: Consider the following example to better understand this: Platform and Software Both companies offer a stable and elegant online trading platform.

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