Swiss Dukascopy Bank SA has just announced it is ready to offer binary options to its white-label partners. The broker also stated that the service has been integrated in the white-label infrastructure so that its forex brands can quickly add binary options trading for their clients.
By offering binary options trading to white-labels, Dukascopy practically enters the crowded binary platform provider business, to compete head-to-head with developers such as Spotoption, Techfinancials, Tradologic, Marketspulse, PandaTS, Leverate and more.
Binary options trading was launched by Dukascopy in May 2014, but was only made available for Dukascopy Europe clients five days ago. Trading conditions for the white-labels will likely be identical to the ones offered at Dukascopy Bank, including its Swiss FX Marketplace (SWFX) price feed and fixed uniform payouts of up to 90%, with a minimum deposit of only $100.
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Over and above the 90% payouts, which are higher than the norm in the binary market, Dukascopy’s offering is somewhat different from the modus operandi of other binary options brands. After a trade button is clicked, a five seconds countdown starts before the position is actually opened. The option and the expiration period countdown will actually start after this period expires, only if the execution criteria are met.
Once the button is clicked, there is no possibility to cancel or modify the binary option during the countdown. This means that when a trader is presented with a choice of whether to buy a “call” or a “put” option on a certain asset, each action will have a different price. Dukascopy has in fact introduced a spread to binary trading as it is used in forex.