SpotOption Wins Best Binary Options Software Provider at the First Forex Magnates Awards in London

London: 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 Magnates is pleased to announce that SpotOption has been awarded with the Best Binary Options Software Provider at the prestigious Forex Magnates Awards which took place in the world’s financial capital on the 14th of November 2012 at the Grange Hotel in St Paul’s.

The awards took place at the inaugural Forex Magnates Summit which was attended by over 500 influential players in the FX and derivatives trading space. The one day event commenced with the New Financial Trends Panel and panelists included CEO’s of the world’s largest financial and technology firms. The event was the first of its kind as senior members of the retail and institutional FX markets were brought together under one roof.

Pini Peter, Founder of SpotOption spoke about the awards, he says; "We are more than honoured to receive this recognition of our hard work from Forex Magnates and the panel of judges. The Binary Options industry has come a long way, and it was quite the experience watching and being a part of the history in the making. We will continue striving to bring the industry the most unique and sophisticated technology, and the regulatory compliance that it deserves. I'd also like to thank all of our labels/partners that have believed in us, and worked together with us to bring them to the top. As always, excellence is a team effort, and SpotOption is fortunate to be surrounded by such a great team."

Forex Magnates research team has carried out extensive coverage of the binary options segment over the last couple of years, Forex Magnates' Michael Greenberg says “"In the tough 2012 business climate where forex volumes dropped over 30% across the board, binary options industry stands out as perhaps one of the only few growing segments in the online financial trading markets. I believe that going forward binary options will take a bigger place in the Online Trading Online Trading Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Online trading represents the trading of fiat currencies, digital currencies, commodities, stocks and indices, where traders and investors intend to make a profit, via the purchase or sale of the aforementioned products. This is done through an electronic network, made accessible by brokers in the form of an online trading platform or hub.Online trading continues to see a rapid growth year on year, due to a number of reasons. Firstly, the number of brokers offering their services, with more mone Read this Term world."

About Forex Magnates

Forex Magnates is a specialized forex news source and trading research firm.

News source: Forex Magnates has been on the forefront of forex breaking news publishing since early 2009. Forex Magnates is the go to source for most of the retail and institutional forex industry leaders and market participants who would like to see the latest breaking news and receive an in-depth analysis of latest events.

Quarterly report: Since Q1 2011 Forex Magnates publishes a quarterly retail forex report over-viewing latest market trends, trading volumes and developments in various regions. The quarterly report is used by hundreds of forex brokers, banks, investment firms and others to gather the most accurate overview of the otherwise little researched industry.

Research: Forex Magnates performs specialized ad-hoc research as required by clients in various branches of the financial industry. Forex Magnates utilizes its network of hundreds of market participants to conduct the most thorough and detailed reports possible. Lately the Forex Magnates Research team has performed various research reports from detailed mapping of the forex market in little known regions through overview of the latest financial technology trends and available options to global CFD market overview and forecast.