Binary Option Brokers

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This article explains what white label brokers do, their prices and costs, and why you need to understand them. White label brokers have an interesting business model. They provide everything a broker needs from banking to trading software, but they allow other people to put their branding on their products and sell them to the end customer. All you see is a normal trading interface, a typical broker branding, and a perfectly normal website.

However, this is everything the broker does by themselves. White label products are a century-old fixture of the business world. Today, many Chinese firms sell white label products that are branded by their Western partners because they sell more items this way than by selling them under their own brand. Among others, this applies to mountain bikes, tooth paste, and electronics. Even the investment world has seen many white label solutions.

For example, when CFDs became popular, many established brokers and banks wanted in on the growing market without programming their own solutions. White label CFD brokers allowed them to offer the find binary options trading platform white labels to customers without having to develop their own products — a win-win situation. Adapting the same idea to binary options seemed like a logical step. Creating a trading platform is a difficult and expensive process and there are many requirements that find binary options trading platform white labels platform has to deliver.

Prices have to be on time and exact, the execution of trades has to be spot on, and customer management and customer support require huge systems. A single mistake in one of these areas could land someone in jail. In this environment, it makes sense that new brokers decide to purchase their systems from a trustworthy source with a lot of experience. White label brokers make up almost the entire binary options market.

Of the many, many binary options brokers, only a handful uses their own trading systems. All other brokers use the systems of white label brokers. There are hundreds of brokers but only about a dozen trading platforms though these numbers keep changing. White label brokers provide all the systems that you need to create a binary options broker.

In detail, those systems are:. The trading platform is the part of the broker that traders use to invest. Good trading platforms are difficult to create because they have to provide accurate analysis tools, precise prices, and simple investment opportunities.

Each of these complex systems requires huge amounts of data and takes a lot of time to program, which is why many new brokers are reluctant to program their own platforms. White label brokers provide platforms that brokers can use. They also allow them to adapt them to their needs. Every broker can apply their own styling, choose the colours, and adapt the layout of the platform.

They also select which trading tools to offer, which assets, and which analysis tools. White label brokers offer the toolbox that new brokers can use, but the brokers decide how to use them. Brokers need a website on which they display the newest information, their businesses, and a signup form.

These websites are created with content management systems. Content management systems are complex programs that allow you to easily manage your website. Once you have such a system, managing your website is easy.

But programming it is find binary options trading platform white labels, time-consuming, and expensive. This is why most brokers prefer to buy pre-made content managements systems. White label brokers offer these systems, including special features for binary options such as economic calendars.

When you look at the websites of binary options brokers with this knowledge, you will find that many of them are similar in structure and content. These brokers all use the same white label broker.

Customer trading options at expiration strategies and models management is a necessary but expensive part of any business. Answering customer requests requires a lot of man power, and for small businesses, it is disproportionally more expensive than for larger ones.

For new brokers, it makes sense to outsource the task. Otherwise, they would have to employ several customer service people with their first customer — which would ruin them. White label brokers allow many brokers to share the same customer relations management.

When you accept online payments, there is a lot to consider. New brokers need a secure, unhackable system that is easy to use and works in combination with as many payment options as possible Skrill, Paypal, Wire transfer etc.

Such systems are complex and expensive to create. Therefore, it makes great sense for new brokers to buy pre-made systems. White label brokers offer payment solution integration.

This means they offer pre-made systems that can handle customer payments and withdrawals, automatically book deposits to the right accounts, and make sure that the money is safe. Starting a new binary options broker can be risky. In the worst case, a new customer deposits a lot of money, invests everything in one trade, and wins. This could ruin the broker. When brokers become bigger and have thousands of customers, they will experience less volatility because the actions of many traders will even out more.

But to survive the start, they need a good risk management solution. For brokers, these systems are the find binary options trading platform white labels that guarantees their survival, which is why many brokers use them. It would almost be foolish not to do it. These advantages show why white label brokers are so popular. Especially trading sites that already offer other trading styles such as stocks or CFDs can use white label brokers to easily integrate binary options into their system.

These brokers already have the branding they need and can attract an entirely new group of customers with a few simple clicks — why would they reject this opportunity? So far, the point of this post was that white label systems are a great idea — in theory. That is why they have been around for decades in all types of industries. The point we will make now is that things are a bit more complicated with binary options. While there is nothing wrong with white label brokers in general, a few black sheep have found their way into the binary options world.

Their only goal is to scam traders out of their money, which they do in increasingly inventive and find binary options trading platform white labels downright criminal ways. Where a white label broker is exposed as dishonest, it is a simple process to close down, and start again under a new name with the same platform provider. Some would argue they were complicit in it. When you sign up with a white label broker you increase trading risks — the broker is less likely to be regulated, be properly financed or be trade honestly.

Due to the speed with which these brands can be setup, risk of fraud increases. Our find binary options trading platform white labels page highlights some of these issues, but the risk is much greater when using a white label.

Currently, three white label brokers dominate the binary options market — SpotOption, Tradologic and TechFinancials. Together, their market share is around 90 percent. Since all three brokers are fundamentally different, it pays to understand their unique characteristics. SpotOption is one of the major players in the binary options scene. They provide all systems that you need to start your own broker and follow an aggressive marketing approach.

SpotOption find binary options trading platform white labels Pinchas Peterktzishvilly, alias Pini Peter, has a cloudy financial past, and their marketing services promote binary options as a financial game rather than as an investment opportunity.

The unique characteristic of SpotOption is that it offers only offering binary options. Other white label brokers also offer other financial products, for example CFDs and spot forex. These white label brokers have find binary options trading platform white labels longer history of offering reliable trading and payment solutions. SpotOption started by promoting binary options as the ideal mix of gambling and investing. They have a different background, different goals, and a different business ethic than most other white label brokers.

This alone speaks volumes. The broker has been around for longer and has had time to develop more legitimate business practice. TradoLogic is the smallest of the three big white label brokers. The find binary options trading platform white labels known Tradologic brand is Option Bit, but there are few other brokers that use the TradoLogic platform. While there is nothing wrong with the basic idea of white label services, there seems to be a difference between how these brokers market their products to people who want to start their own brokerage and how those people market them to the end customer.

End customers are often lured in with promises of great investment opportunities and financial gains. But the white label brokers themselves talk more about the gaming aspect find binary options trading platform white labels how they have structured their products to lose traders money.

The simple truth is that there are plenty of other brokers out there that use their own trading platforms. Those brokers offer better opportunities for long-term success than white label brokers. In our top list, you find the best of them. They are all government regulated and provide a secure trading environment. We recommend choosing these brokers over white label brokers.

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SpotOption is one of the oldest binary options white label platform providers on the market today. The brand is spread across hundreds of brokers and well known for a couple of things. One of them is versatility and depth of the platform. They have long been an innovator when it comes to binary options trading and features important to traders. Another is that the ease of use on the broker side and largely unregulated nature of binary options has made them a favorite of scammers.

There are many regulated and trusted brokers operating under this banner and more are sure to come. SpotOption itself is licensed by CySEC and has recently opened a new office in London for the express purpose of servicing regulated binary options trading in the EU. They also have a similar office in Hong Kong, servicing the Asian market. When it comes to individual brokers there are some variations depending on which version of SpotOption they are running and which features they choose to run.

For the purposes of this review I will be focusing on the latest version but I will touch base on the evolution before going on. The original platform, simply called SpotOption, was advanced but buggy. Some brokers are still running on the original but most are using the more advanced Spot2 platform.

This platform has expanded features to include CFD and spot forex trading, copy trading, Ladders, more advanced charting and fixed some bugs found in the earlier version. In terms of strategy and time frame the platform can be used for them all. Exotic options include Pairs, One Touch and Ladders. One Touch options require only one touch of a set strike price before expiry. They trade when the market is closed and have expiry like end of next week or at the close of tomorrow.

The copy trade feature, known as SpotFollow or iFollow, is powered by the same algorithms that operate the eToro forex social trading platform. You can trade iFollow on eToro but it is not recommended. The best method is to use a good, regulated, SpotOption broker but be warned, copy trading is very risky. The system uses a leader board that can be filtered by asset, success rate and etc. You set trades with limits like trade size, total amount to be risked, how long you follow and how many trades you will follow.

The idea is sound, the risk is that you choose the wrong person to follow. Spot forex and CFD trading is also available. Early Out allows you to close a position before the indicated expiry time. It is usually only available on options with expiry longer than 15 minutes and has a window of availability. Payout will depend on the price level of the asset, if it has moved counter to your trade you will lose some money but if it has moved higher you may win some profit.

Rollover allows you to add more time to an options once per position by adding a little money to your trade. It is also typically only available to options with longer time frames. Options can be viewed in 4 different screens. The first is modeled off the original version, a single large ticket window per option. Others include a bar listing, smaller ticket windows where you can watch a dozen or more assets at one time and a larger single window version where you find the best charts.

However improved there are still some problems. The system is still a little buggy in the shortest time frames, 30 and 60 seconds, but these types of options are sketchy in the first place so that issue does not bothering me, price lags in the higher time frames are not noticeable.

They are also lacking a range type option which can be found on other platforms which could be a problem for some traders. Not surprising as they have a higher likelihood of closing in the money. Basically, this is the most fully featured binary options platform on the market. Availability of the platform is just about global, except for in the US. Otherwise there are both CySEC regulated and non-regulated brokers using it, regulated the recommended choice.

Money is usually safe, but it can depend on which broker you choose. The number of scammers is getting smaller and smaller but there are a few still out there. US traders can expect to see a solution for them soon. You can visit our list of recommended brokers here.