A lot of latest binary options brokers coming up each day online, are white label brokers. Basically, a white label broker is a financial intermediary who utilizes a platform as well as trading solution such as a back-office, website and risk management department, formed by a technology provider.
These types of totally operational platforms enable new brokers to venture into the market fast and provide a comprehensively featured binary option trading solution and platform, so as to accumulate market shares quickly by using a particular marketing arrangement. A question that is normally asked is who the platform technology provider is behind a particular broker.
Below are some of the vital players in the sector as well as a list of the key binary options brokers making use of their technologies.
An Outline of the Key Binary Options Technology Providers
There are a lot of technology providers available. The most famous ones are:
SpotOption is recognized as the market leader with a lot of popular brand utilizing its technology like OptionNow, Banc de Binary OptionWeb, Option Trade and Interactive. In overall, SpotOption says it offers 250 and more, white label brokers with its technology, for an excess of 5 billion dollars each year in volume.
The other day, Techfinancials went public for what portrayed the first Initial Public Offering of business connected to binary options in Europe. In March 2015 the technology provider raised 05 million pounds on London Stock Exchange. It experienced steady growth in 2014.
The press release from the firm indicated that revenues went up to $15.5 million and in 2014 increased by 85% in comparison to the year before. In addition, the technology provider stated that the previous year, it registered 12 latest third party brokers, making a total of 48 in 2014. These third party brokers refer to the white label brokers mentioned earlier.
Tradologic also said operational numbers when the year began, showed that it finalized latest white label partnerships with an amazing 45 latest brokers in 2015 only. This figure indicates a specific sum of risk since Tradologic is popular for offering its technology to brokers who are non-regulated. The provided technology is said to work with 100 and more partners such as Option 365, Binex, OptionBit or 888binary.
Previously, Techfinancials was a Section of 24option – 24option makes use of Techfinancials technology. However, it cannot be regarded as a white label broker. Actually, at first Techfinancials was incorporated to 24option and enhanced the famous broker’s platform.
After 24option’s success, in regard to offer and platform, it was decided by the management to offer its technology to third party brokers and divide the firm in order for Techfinancials to turn into a separate entity.
It is advisable to choose traditional brokers who created their personal platform, with a long, positive track record and each of the essential regulatory approvals.
In fact, white label brokers are not flexible, in connection to enhancing their features. In the end, they totally rely on the technology provider. OptionTime, TopOption, 24Option and AnyOption each adhere to the criteria above and are one of the most esteemed brokers on the marketplace.
Learn more here: https://techfinancials.com/