The SpotOption binary options trading platform provider announced the effective launch of its MT4 plug-in, which would let forex brokers who offer the MetaTrader 4 (MT4) platform to automatically offer binary options on it, without additional steps, setups and redirection.
The new tool was developed in partnership with the forex technology provider, Tools For Brokers (T4B).
The new plug-in makes available in MT4 instruments, price feeds, deposits and withdrawals and shared account and wallet with the binary options platform. There is also real-time synchronization. The binary options traders can use the MT4’s expert advisor for binary trades and technical analysis tools like indicators and oscillators. On the other hand, traders using MT4 can also trade in binary options.
“We knew that our binary options platform would be a great benefit to operators offering MT4, and we looked for the right partners who could give us the best synchronization,” says David Ripstein, CEO of SpotOption. “Tools For Brokers demonstrated the technological expertise we were looking for, and they definitely delivered the seamless integration that we imagined.”
“Adding binary options to MT4 is the most logical step for operators who want to expand their database, and offer additional hedging opportunities to their traders, says Aleksey Kutsenko, CEO of Tools For Brokers. “We chose SpotOption as they are the leaders in binary options, and their platform gives MT4 the advantage of an added, simplified product with the best UI that we found.”
SpotOption was established in 2010. The company is headquartered in Israel and also has offices in Cyprus and Hong Kong. SpotOption, along with its market maker branch SpotOption Exchange, is regulated by the Cyprus Securities and Exchange Commission (CySEC). The company offers solutions for trading in One Touch, 60 Seconds, Option Builder, Algo Trading, Ladder binary options. It also provides a mobile trading application, which has garnered more than 5 million downloads this past February.
It has more than 300 partners, holding about 65% of the binaries trading market in North America, Europe, Asia and the Middle East. SpotOption provides binary options trading technology to some of the largest brokerages in the online industry, such as Banc de Binary, Banc de Swisse, Itrader, OptionWeb, InteractiveOption, AAAFX, FXDD, RoboForex, etc.
Tools for Brokers is a B2B technology forex technology provider. It specializes in development of software plugins for the MT4 and MT5 trading platforms.