SpotOption Expands in Hong Kong to Attract More Chinese Binary Brokers

Cyprus-based binary options platform provider, SpotOption, announced today to 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 the official opening of their new Hong Kong Centrium office, in the heart of the Chinese metropolis.

The SpotOption Hong Kong office will employ twenty-five customer representatives to start with, and the firm says it will expand together with the expected business growth from the region. SpotOption currently has fifty Asian clients, and this number is expected to double by next year thanks in part to the new location, according to the company's estimates. Twenty-five of SpotOption's Asian clients are binary brokers from China specifically and the firm already has several others in process.

"Local representation is imperative for providing clients with the best service possible," says Ran Amiran, CEO of SpotOption. "Accessibility and availability are main factors when considering service, so our office in HK will ensure that we meet and surpass the criteria," Amiran added.

The huge Chinese market has been the major growth factor in the business expansion plans of many brokers and technology providers in the global financial trading industry. Recently, there were positive developments in the binary options segment in China, such as leading web portals in the country getting involved. FX and binary options technology developers focus on reaching out to new prospective brokers from within China, offering them education and training to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term their knowledge on the local market.

The Centrium Tower enjoys a unique and valuable location, adjacent to LKF and Soho, Hong Kong's most popular dining and entertainment districts. As Hong Kong is consistently acknowledged as the most central hub for doing business related to finance in China, SpotOption states that its aim is to provide Asian clients with the ideal and most convenient "shop front."