SpotOption upgrades Spot5 with focus on automation, expansion of product portfolio

SpotOption upgrades Spot5 with focus on automation, expansion of product portfolio

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The SpotOption binary options trading platform and technology provider, announced an upgrade to its platform Spot5, which will be presented at the upcoming IFX Expo in Cyprus.

According to the company statement, the new version will focus on regulatory compliance, automation and the expansion of the product portfolio with CFDs and Digital Contracts.

One of the main new features of Spot5 is the automated sales, marketing and retention system. It allows traders to skip call centers and rely entirely on the technology. The Spot+ tool marketing materials can pass compliance checks. All in all, the new features allow brokerages to reduce support manpower and save time and money.

Another feature of the new version of Spot5 is the Spot Algotrader, which supports automated trading and allows traders implement and create formulas and strategies.

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.

The company 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.

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