US-based software developer, Binaryware LLC, has launched a new solution to the binary options industry called Binarystation Enterprise. Having pioneered the ‘no revenue sharing’ business model in the binary options industry, Binaryware will be offering the new solution under a brand new concept in which the brokerage pays only a one-time fee.
As a complementary addition, the source code of the entire platform will be made available to the broker for modification and may be used in any way the brokerage desires. Binaryware also plans to assist brokers in setting up the solution as well as guiding them through the source code.
The move is aiming to provide binary options brokerages which purchase Binarystation Enterprise with a number of opportunities to customize their platforms and offerings to clients, therefore differentiating themselves from the competition.
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The Managing Director of Binaryware, Mikhail Chistyakov, commented: “We have identified that many brokers have made significant investments into their IT teams. Our philosophy has always been that the broker should have full control over their solution and that the broker ideally should be independent of their technology provider. For these reasons we are launching the enterprise solution, free of monthly fees, and putting total control into the broker’s hands in regards to technology.”
The solution has been designed for brokers and entrepreneurs who prefer to have a proprietary platform, but are reluctant to invest large amounts of time and money into developing it. Although some brokers are already using the Enterprise version of Binarystation, due to the nature of the solution, Binaryware has guaranteed confidentiality and will not be disclosing the names of its clients. The standard licensing solution of Binarystation will continue to be offered, supported and updated.
Binarystation, initially launched in 2014, was the first binary option platform to offer a ‘no revenue sharing’ business model and complete hosting of its platform on the broker’s servers. It has experienced great success among forex brokers offering MetaTrader 4 due to the similarity of the solution and continues to expand with a number of companies who are currently using either the standard license or the enterprise version of Binaryware.