Hello Markets Extends into Forex Trading, Adds Binary Option with Consecutive Bets
- The new trading tools are still focused mainly on the end users of binary options rather than forex traders, introducing a social trading module to its platform offering in a revamped interface design.
According to company information, Hello Markets has revamped its white label solution adding some toppings to the traditional binary options offering which the company has been providing. The news involves a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading module, social trading and a new consecutive betting tool, aimed at the more adventurous clients.
Hello Markets provides a white label solution for binary options trading and is now adding some new features to diversify its offering and target new clients.
Speaking to Forex Magnates, a company representative explained about the Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term module, "It's based on Forex spot prices and there will be no rollover or carry effect. The main feature is that the trader will have to choose an expiry period when executing the trade."
After that, the trade will be settled at the expiry time with the same P&L as a regular spot position would be.
The newest feature to be launched to the binary options market is what Hello Markets calls, a Meta Derivative tool. The trader is able to select a period within which he has to execute a preselected number of trades.
As the trades go on, the payout for each successive trade will scale up or down within a payout grid depending on the outcome of these successive trades.
The company shared an example with Forex Magnates, "The trader has selected a period of 5 minutes within which he has to place a total of 5 consecutive 1 minute trades. The trader’s initial investment is 100$. The trader will move up or down the payout grid depending on whether each successive trade that he executed was profitable or nor not."
If the trader had a total of 4 profitable trades and 1 losing trade then his total payout wouldl equal 400% (i.e. he’ll move to 100% payout after the 1st successful trade; then to 200%, 400% and 800% after the 2nd, 3rd and 4th successful trade and then he’ll slide back to 400% payout after the 5th unsuccessful trade). In total, the trader would have earned 400$ if correct 4 times.
According to company information, Hello Markets has revamped its white label solution adding some toppings to the traditional binary options offering which the company has been providing. The news involves a Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term trading module, social trading and a new consecutive betting tool, aimed at the more adventurous clients.
Hello Markets provides a white label solution for binary options trading and is now adding some new features to diversify its offering and target new clients.
Speaking to Forex Magnates, a company representative explained about the Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term module, "It's based on Forex spot prices and there will be no rollover or carry effect. The main feature is that the trader will have to choose an expiry period when executing the trade."
After that, the trade will be settled at the expiry time with the same P&L as a regular spot position would be.
The newest feature to be launched to the binary options market is what Hello Markets calls, a Meta Derivative tool. The trader is able to select a period within which he has to execute a preselected number of trades.
As the trades go on, the payout for each successive trade will scale up or down within a payout grid depending on the outcome of these successive trades.
The company shared an example with Forex Magnates, "The trader has selected a period of 5 minutes within which he has to place a total of 5 consecutive 1 minute trades. The trader’s initial investment is 100$. The trader will move up or down the payout grid depending on whether each successive trade that he executed was profitable or nor not."
If the trader had a total of 4 profitable trades and 1 losing trade then his total payout wouldl equal 400% (i.e. he’ll move to 100% payout after the 1st successful trade; then to 200%, 400% and 800% after the 2nd, 3rd and 4th successful trade and then he’ll slide back to 400% payout after the 5th unsuccessful trade). In total, the trader would have earned 400$ if correct 4 times.