In light of the rapidly changing landscape of Binary Options platform providers, Forex Magnates reached out to Wassim Khateeb, Head of Business Development at Hello Binary for his perspective on the industry. His full length interview can be read below:

1) What challenges do binary options providers face amidst a litany of negative press and regulatory clampdowns against predatory entities and scamming firms?

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As software providers we face situations that are challenges every day, to control every aspect of the industry and offer our partners the best solutions is our main strength. Choosing the right partners and getting them the right technology is key to succeed in this industry, and that is how Hello Binary works.

2) Does the binary options industry convulse or wane whenever an operation or site is shut down or does this yield no effect on established providers?

It somehow affects the other existing brokers, as for the provider, there is always entrepreneurs that want to start their own business, they are decided and it is not a decision they have made from one day to the next, thus one cannot say that there is less demand due to the closing of a platform.

3) How does Hello Binary distinguish itself from other competitors in the industry?

We keep things simple. We offer a full solution. We deliver results in record time. It’s your business, you have the control of it. These are some of the many aspects that one could underline about Hello Binary, in addition the team behind Hello Binary, the account management and the support is great, they are fully committed to the success of their brands, which makes a brand succeed.

4) The Financial Commission has recently expanded its certification to Binary Options providers – is this on Hello Binary’s radar or list of goals?

What I can say is that we are always trying to align our strategy to the market situation and trying to keep always a step ahead.