TradeTools FX Launches Binary Options on MT4
Chicago based forex industry technology provider TradeTools FX announced that they have launched FX LITE MT4 Binary Option plugin. The
Chicago based forex industry technology provider TradeTools FX announced that they have launched FX LITE MT4 Binary Option plugin. The plugin allows MT4 brokers to provide clients binary options trading directly from the Metatrader platform. The plugin connects with TradeTools FX Lite Binary Options trading platform.
The announcement adds to the list of firms that have launched Binary Options trading on MT4. Over the last year we have seen both SpotOption and MarketsPulse release similar products.
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Forex brokers offering MT4 can now capitalize on the growing popularity of Binary Options with the FX LITE MT4 Binary Option plugin from TradeTools FX. The system gives the broker full control over pricing, option contract specifications, risk management and trading profits.
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Tim Brankin, Director of Sales and Marketing for TradeTools FX, stated: “The Binary Option MT4 plugin gives a broker the ability to offer Binary Options alongside Forex within the MT4 client terminal. The Binary Option plugin can be utilized by a broker to increase revenues from their existing client base or as a tool to attract new clients to MT4 for both Binary Options and Forex trading.”
The MT4 Binary Option plugin also comes with the FX LITE Admin tool where the broker is able to run reports, set contract expirations and payout percentages. Brokers can also offer Binary Option trading over MT4 to their network of White Labels and IB partners.
Clients can also trade Binary Options using TTFX’s FX LITE Desktop, Tablet and Mobile solutions utilizing the same MT4 login and password.
Reports available:
•Current exposure – displayed on a chart and table format
•Open positions – Account Position, Symbol, Type, Open Time, Open price, Current price, Expire type, Expire Time Investment
•Closed positions – can be run on the account or group levelThe plugin can be installed by the broker or by the TradeToolsFX team.
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Unfortunately, TradeTools FX directly violates MetaTrader license agreements, modifies programs and is prohibited for use.
@Metaquotes – can you please shed a little light onto what exactly is violated?
We don’t appreciate the site to be used for direct one-sided baseless accusations against other firms without backing up a statement.
No Modifications: You will not undertake, cause, permit or authorize the modification, translation into other languages, creation of derivative works, reverse engineering, decompiling, disassembling or hacking of the MetaQuotes’ Software or any part thereof. You will also not create other software based on the MetaQuotes’ software.
Not adapt, reproduce, enhance, translate, reverse engineer, decompile, disassemble or otherwise modify or engage in any other similar manipulation of the System or any portion thereof without the Licensor’s express prior written approval
this doesn’t explain. this seems to be a completely new firm – how do you know they violate your protocols?
Michael, not a protocols. Read the rules again.
Divisa pull some high level favors from Alpari to call MQ in on this
and now we surprisingly have MQ on these forums when TradeSpotFX did the same thing and they never had issues.
Very interesting indeed folks and it pays to have contacts
I love FX !!!!
Simple, MT5 wasn’t going anywhere FAST so MQ simply started building ( or source copying) all the great ideas 3rd parties developers work so hard to develop and now will start block all 3rd party add ons and just offer them up with added fees themselves.
Our solution uses the MT4 Admin API like many other software companies such as Leverate, PrimeXM, BT, Panda, etc. to build, plugins, bracket and bridges to enhance the functionality of the MT4 system.
MetaQuotes said:Not adapt, reproduce, enhance, translate, reverse engineer, decompile, disassemble or otherwise modify or engage in any other similar manipulation of the System or any portion thereof without the Licensor’s express prior written approvalTradeTools FX said:bracket and bridges to enhance the functionality of the MT4 system.
Lyer , lyer your pants fire 🙂 you hack mt4 protocol by sniffing packets, decrypt them , and then build the protocol in your DLL so you can control how the server API responds
I hope MQ will shut you down soon because once they find out you build the trading platform you created based on hacked MQ server source code, they will light you on fire like they did previous firms .
@Metaquotes: “You will also not create other software based on the MetaQuotes’ software.” This is a very broad statement here, and even basic EAs are at risk. Can you narrow down this definition and provide at least 1 specific example? More specifically, can you state which part of TraderToolsFx functionality violates your terms? I hope that metaquotes does not destroy the very ecosystem that they facilitated by adopting a Microsoft-like arrogance in product development: making complete, radical changes without notice to existing customer base. We have enough regulatory problems as it is. The stability of the execution platform should be… Read more »
hmmmm MT4 vs Cypriot Banking system…. which is going to implode first?
Are there any half-way founded estimations on which percentage of retail volume goes over Metaquotes software?
this doesn’t explain. this seems to be a completely new firm
what is wrong in providing ADD-on ?
MQ will never fulfill all the different needs/desires.