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Binary Options VS. ForexJan 31, 2012
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Binary Options Market News: Alpari New Binary Options Platform, TradeSmarter Seeks Partnership
Hot on Shelf: Alpari Forex Launched New Binary Options Platform
Alpari Forex has added binary options trading to its offerings. The forex broker has launched two separate platforms for trading depending on which region you live in. The new trading platforms were made possible through a partnership with Binary Products Limited. The partnership allows Alpari traders to enter the binary markets through the MarketPulse trading platform in Russia and the SpotOptions platform in the UK. Trader accounts will be denominated in dollars or euros and contracts will have expiries ranging from 3 minutes to 1 hour. The move by Alpari into the binary options arena is not the first and will likely not be the last time a forex broker enters the binary trading arena.
Alpari UK Lauches New SpotOption White Label
Alpari UK, a division of Alpari Forex, has launched a UK based binary options platform in tandem with the parent company. The new platform is a SpotOption white label and is aimed at giving Alpari clients better access to short and long term market movements. Alpari UK is one of only a handful of forex brokers licensed in the UK to offer binary options and regulated by the Financial Conduct Authority. Options will be available on stocks, commodities, forex and indices with expiries ranging from 60 seconds to end of the month and up to one year. Company CEO Daniel Skowronski said that the “number one focus is to ensure that we continually evolve and enhance our consumer offering”.
TradeSmarter Considers Partnership Solution
TradeSmarter, a little know binary options platform white-label platform provider, is considering a deal worth $3 million dollars. Two different firms in the forex/binary options community are in talks with TradeSmarter to provide investment funding for the company in exchange for a 51% stake in the company. The partnership wouldg link the binary options platform with a forex broker, providing new business for the company through an enhanced customer base and increased number of brokers. The end goal of the partnership is to reduce the cost of partnerships for binary options brokers and forex brokers. Tradesmarter hopes to capitalize on it’s platform by providing a bridge between forex and binary options brokers. Another aspect of the platform that Tradesmarter is bringing to the table is social trading. The new partnership, if completed would bring forex, binary and social trading under one roof.