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 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 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.
Axia Extends Market Footprint in GCC RegionGo to article >>
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.