Binary Options industry keeps growing – SpotOption launches 13 new brands
SpotOption just announced the launch of 13 new labels... Forex Magnates published a comprehensive overview of the industry in its
SpotOption just announced the launch of 13 new labels… Forex Magnates published a comprehensive overview of the industry in its latest quarterly report estimating the total number of binary brands at about 50. Ever since, more and more new labels joined the market, but it’s important to understand that not very high number of these brands is coming with sufficient marketing budget and most of them are not really operational. The number of active brands in the market is about 15-20, not more.
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- Russia’s www.fonbet.com, www.bancoptions.com, and www.everestoptions.com,
- France’s www.binoa.com, www.options365.com, www.tradereasy.com
- Germany’s www.binary-banc.com
- UK’s www.globaltrader365.com, www.winoptions.com
- Cyprus’s www.optionsbravo.com
- Turkey’s www.ihoptions.com and www.vopsiyon.com,
- Brazil’s www.minuteoptions.com and www.playoption.com
- Hong Kong’s www.optionworld.com and www.oboption.com
- China’s www.starfishfx.com
- Indonesia’s www.optionpunter.com,
- Korea’s www.smart7options.com
- India’s www.cititrader.com
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The industry sure is heating up… But I suspect once the industry is sufficiently saturated (in a few years?), a lot of the brokers without a solid business plan will start dropping like flies.
I mean, the product is dead simple. Up or Down. The brokers need to get creative in order to differentiate their services from the rest.
Binary option will be more popular because everyone can make money with it. Simple and fast money. Better than gamling.
The edge-loss at most of these firms is borderline usury.
The fair-value payout on a 50/50 bet is 2 times the premium. On roulette, the house-edge is 1/37th if you place a red or black bet and casinos earn a fortune on that.
For example on Binoa, payout is 70% on a USD/JPY binary bet. Thats like playing roulette where the house always wins on number 0 to 12. Its like buying stocks 1/3 above marketprice – ridiculous.
In the zero sum game of forex, I think it is pretty obvious why brokers are rushing to roll out binary options. That being said, there is an advantage for clients vs spot forex trading. One of the big down falls of new traders is the inability to hold onto winners. They will consistently have small winners and large losses. With binaries, the fixed payout can assure a larger profit when a newbie picks the correct side of the trade. In regard to Andy’s point that the premiums are crazy, that is 100% true, but theoretically, as the market matures… Read more »
NASDAQ openly admitted during the FaceBook IPO software glitch that their trading system stressed at 2500 trades per second & we all know the [colocated] hft bot army is capable of hitting this rate at will.. As well as being the best funded area, the market also provide the simplest of environments. It’s a set of predefined stocks going up & down in value. Where is the complexity in that? There are three types of Banking glitch: 1. Hardware glitch re this new one – turn it off & then on again. 2. Legacy glitch as code patched up &… Read more »
It is very difficult to perceive that these world exchanges would have such glitches. Backups to backups. More importantly, the backups need to be tested on a regular basis to ensure the work. You don’t want to find out after the fact that the backup was not installed correctly. I remember when a power surge knocked out CNS VPS for about 20 minutes in San Diego, CA, USA. The backup power was unavailable because the switch that was supposed to switch to backup power was somehow either fried or disabled. Nothing is impossible, but that datacenter supposedly went through a… Read more »