TradeToolsFX (TTFX) announced that they have partnered with Autochartist to provide trading alerts for binary options traders. According to terms of the deal, Autochartist’s technical trading alerts are being integrated within TTFX’s MetaTrader 4 binary options trading offering which they provide to brokers. Alerts are available for 1, 2 and 5 minute intervals, with the goal of the offering to provide brokers consistent content to engage their binary options trading customers.
A provider of financial technology to forex and binary options brokers, among products that TTFX has been aiming to carve a niche in the market is with its binary option platform that integrates with MetaTrader 4. As such, the current partnership with Autochartist provides another feature for brokers using their MT4 binary options solution.
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Commenting on the news, Tim Brankin, Managing Director at TTFX, stated, “We are thrilled to partner with Autochartist to deliver their acclaimed technical analysis tools to clients trading binary options on MT4. As binary options trading continues to soar in popularity around to world, traders are demanding more advanced tools and analytics to help them make better-informed trading decisions. The unique nature of binary options makes this research even more valuable as the success of a trade is determined within a very short-term timeframe.”
For Autochartist, the deal marks the continuation of their business range beyond their core forex technical analysis offering. Earlier this year they partnered with SeerTrading to make available an Autochartist created strategy for SeerHub. In addition, like the current deal with TTFX, they have become more involved with the binary options industry, having integrated their analysis for Tradologic and Binary Station.
In the statement about the partnership, Ilan Azbel, CEO of Autochartist, added, “We are very excited to partner with TradeToolsFX to deliver our advanced, real-time alerts within the leading MT4-based binary options solution on the market.”