SpotOption, a leading binary options technology provider, today announced the successful launch of its MT4 plug-in, which integrates the company’s binary option offering with the existing MT4 environment. SpotOption has partnered with the B2B forex technology provider Tools For Brokers, to include its T4B Binary Platform into the newly launched solution.
As we can guess by the name, the new compliant plug-in will allow MT4 brokers to offer binary options trading side by side with forex using the popular MetaTrader 4 trading platform (MT4). Integration is also pretty simple and straightforward, SpotOption said, as no additional steps, set-ups, or redirection for the traders are required. Finance Magnates reported on the move earlier in November.
Additionally, traders are now able to make the whole selection of account operations, including deposits and withdrawals, without having to click through other trading platforms. The new solution shares the same MT4 account and wallet with binary options activity in addition to stimulating the activity of customers through real-time synchronization.
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Although the move by the company will facilitate the smooth processing of binary options trading, over the past years we have seen many technology providers offering the same addition. Actually, integrating binary options trading with MT5, in response to its growing popularity, could be the next breakthrough.
SpotOption states that the implications of deploying the new solution are quite clear for brokers who are already offering MT4. According to the technology provider, it will be able to capture more revenues through expanding its business into the binary options field, without having to bother with providing a separate trading platform. Brokers will also gain another retention tool as traders, in turn, will have more trading variety without making any changes to their platform or trading habits.
David Ripstein, CEO of SpotOption, commented: “We knew that our binary options platform would be a great benefit to operators offering MT4, and we looked for the right partners who could give us the best synchronization. Tools For Brokers demonstrated the technological expertise we were looking for, and they definitely delivered the seamless integration that we imagined.”
Aleksey Kutsenko, CEO of Tools For Brokers, added: “Adding binary options to MT4 is the most logical step for operators who want to expand their database, and offer additional hedging opportunities to their traders. We chose SpotOption as they are the leaders in binary options, and their platform gives MT4 the advantage of an added, simplified product with the best UI that we found.”