As Forex Trading Contracts, Leverate Shifts Focus on Binary Options with BX8 Enhancements
- Launched by Leverate in January, BX8 is the firm's binary options trading platform arm. Having experienced demand for the product as well as industry-wide decline in FX interest, more focus is moving towards BX8.
Launched by Leverate in January, BX8 is the broker technology provider’s binary options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term arm. The creation of BX8 was aimed at capturing market share in the growing binary options trading market, as well as offering additional products to their clientele. Similar to other binary options providers like SpotOption and Tradologic, BX8 is a white label turnkey platform offering quick availability for brokers to market binary options to retail clients.
Speaking with members of the firm, they have cited to Forex Magnates that they are receiving a lot of interest for BX8, both from new leads and existing customers. The new revenue source comes at a time during which the last 10 months have been fairly difficult for much of the retail Forex industry, thus causing many firms to diversify into alternative product types and asset classes. Benefiting from this trend has been the binary options industry as it offers brokers a product type that appeals to a wider spectrum of potential clients.
For Leverate, following on the focus towards binary options, the technology provider has announced several new features to its BX8 platform. Among them are additional Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term features and what they call “anonymous trading”. The anonymous feature allows potential broker customers to try the platform without registering information. According to Leverate, the feature is aimed at encouraging users to try the platform, followed by triggers to open a demo and live account. Overall, the idea is that the expected results are that higher initial engagement will lead to more efficient levels of customer conversion. On this, commenting in the firm’s public statement, Amit Sagiv, BX8 Product Manager said, “At Leverate, we’re always testing new ways to improve the conversion rates for our brokers. Based on our extensive experience in financial trading, "anonymous trading" builds trust with the brokers, leading directly to more live accounts.”
Launched by Leverate in January, BX8 is the broker technology provider’s binary options Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term arm. The creation of BX8 was aimed at capturing market share in the growing binary options trading market, as well as offering additional products to their clientele. Similar to other binary options providers like SpotOption and Tradologic, BX8 is a white label turnkey platform offering quick availability for brokers to market binary options to retail clients.
Speaking with members of the firm, they have cited to Forex Magnates that they are receiving a lot of interest for BX8, both from new leads and existing customers. The new revenue source comes at a time during which the last 10 months have been fairly difficult for much of the retail Forex industry, thus causing many firms to diversify into alternative product types and asset classes. Benefiting from this trend has been the binary options industry as it offers brokers a product type that appeals to a wider spectrum of potential clients.
For Leverate, following on the focus towards binary options, the technology provider has announced several new features to its BX8 platform. Among them are additional Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term features and what they call “anonymous trading”. The anonymous feature allows potential broker customers to try the platform without registering information. According to Leverate, the feature is aimed at encouraging users to try the platform, followed by triggers to open a demo and live account. Overall, the idea is that the expected results are that higher initial engagement will lead to more efficient levels of customer conversion. On this, commenting in the firm’s public statement, Amit Sagiv, BX8 Product Manager said, “At Leverate, we’re always testing new ways to improve the conversion rates for our brokers. Based on our extensive experience in financial trading, "anonymous trading" builds trust with the brokers, leading directly to more live accounts.”