As the US market heats up again firms are taking steps to stay ahead of the competition. American binary options trading venue Cantor Exchange (CX) has just launched a new purely educational portal to supplement its main website.
The portal, called CX Markets, offers a selection of resources for traders, such as tutorials, videos, user guides and product pages. Clients can find information on topics such as funding their accounts, how to connect via an API, and also about choosing their own prices to trade.
As we reported before, a number of the leading binary options trading technology developers have cooperated with the venue. CX Markets already features the SpotOption platform and the venue’s own mobile app, while TRADOLOGIC and TechFinancials’ offerings are presented as “coming soon.” CX Markets emphasizes that under its model the platforms are only for convenient user-interface, making no difference on which to trade as the user will be exposed to the same markets and prices no matter what.
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The website also features external trading experts who provide clients with additional educational resources such as video tutorials. Currently it has listed: Ryan Herron of Joaquin Trading; Abe Cofnas of Binary Dimensions; Alfred and David Carroll of Binary Options Tutor; and the Tradën Group. All of these are presumably part of CX’s Referral Incentive Program, which makes them eligible to get paid for referring traders to become traders.
The only referring partner CX Markets lists at the moment is Forest Park BX, the first brand known to introduce traders to the exchange via a custom SpotOption white label.
Part of Cantor Fitzgerald, Cantor Exchange is one of the just two Designated Contract Markets offering binary options which are regulated by the Commodity Futures Trading Commission in the United States. Its only rival, IG Group’s North American Derivatives Exchange (Nadex), launched its own educational website in October.