One of the leading Binary Options platform providers, namely SpotOption, has just announced the launching of a new forex platform, which claims to feature the same simplicity as the binary options platforms already offered by the company.
The binary options platforms developed by SpotOption have repeatedly gained awards for simplifying the trading experience for the average trader. Based on their platforms’ user-friendliness and self-explanatory features that have rendered the trading of binary options extremely easy to explain, understand and execute the SpotOption platforms proved extremely attractive for and popular with white labels, with 200 white labels currently using this kind of software. As a result, and due to their accessibility on a global scale, binary options trading via the SpotOption platforms is particularly appealing to the mainstream, average trader out there, as opposed to the professional traders, who are obviously a smaller group.
Based on the success and popularity of their binary options trading platforms, Spotoption have therefore decided to implement the virtues of their software to a product catering for traditional forex trading, aiming to introduce the mainstream binary options traders to a new kind of forex trading, as provided by SpotOption, rendering forex trading free of extra hassles and significantly taking away the associated element of risk, as according to SpotOption, the company “provides a guaranteed stop loss as well.”
In a relevant press release issued on 10 March 2014, SpotOption mentions that its new forex platform is built on an easy to follow user flow, whereby each trader chooses the trading leverage, which directly influences his stop loss and take profit, while he is also given buy and sell prices for chosen assets.
Pini Peter, the founder of SpotOption is quoted in the press release as saying that “Our developers and designers have spent the last year perfecting a product for simple forex,” while he also points out that “Our binary product is known for simplicity, and for providing the best trader experience. We wanted to do the same for forex, to change the face of it so that the common man could trade as well. According to the responses we’ve received, we’ve achieved it.”