SpotOpton, one of the most popular binary options trading platforms, said on Wednesday it has made available several new tools for brokerages that facilitate the development of trading strategies by predicting market movements.
The new tools allow traders to study an analyze the market with the use of various factors, including trends and probability, chart quality judgment, and volumes. This way, they can make more informed predictions and create more intelligent strategies.
The new tool portfolio consists of the following indicators and oscillators:
- Moving Average
- Relative Strength Index (RSI)
- Average True Range Technical Indicator (ATR)
- Moving Average Convergence/Divergence (MACD)
- Bollinger Bands (BB).
The indicators are available on SpotOption’s platform for trading in contracts for difference (CFDs), which was released in November last year.
“Brokers who license SpotOption’s technology should be able to equip traders with all the tools needed in order to make the most educated trades possible,” said the company’s CTO Amir Vaknin. “SpotOption will continue innovating trading tools that position brokers as industry leaders, enhance their retention potential, and provide the best trading experience possible,” he added.
SpotOption, established in 2010, is headquartered in Israel with branches in the UK, Hong Kong, and the Middle East. It has clients across Europe, Asia, Australia, Latin America, and the Middle East
It provides brokerages a platform for trading in various assets, including binary options, forex and CFDs. The platform is available across multiple channels – web-based, mobile, desktop.
SpotOption also offers binary options market making through its Cyprus-licensed affiliate partner SpotOption Exchange.