24Option, one of the binary options brokerage brands of CySEC-regulated company Rodeler, has launched a trading platform for forex and CFDs.
According to the site Finance Magnates, the company’s new product is spread across multiple asset classes with CFDs being enabled for stocks, commodities, currencies and indices. The goal is to diversify the client portfolio of 24Option.
“We intend to increase our presence as an International Investment Firm and Trading House by increasing our product offering to include CFDs and FX,” the general manager of Rodeler told Finance Magnates and added that the company is intending to to provide an all-in-one multi-product trading platform for CFDs, forex and binary options.
It appears that 24Option is following the example of several other binary options brokerages and platform providers like SpotOption, which earlier this week announced the launch of a CFD trading platform and Banc De Binary, which plans to overhaul its business model.
On the other hand, however, 24Option and its owner Rodeler have been in serious trouble with various national financial regulators, including Belgium’s FSMA and France’s AMF, which banned 24option altogether. Also this year, Russia’s regulator, the Bank of Russia, denied a trading license to Rodeler.
Rodeler Ltd. has several brokerage brands: 24Option, QuickOption, 24FX and GrandOption.