Techfinancials Launches ‘All in One’ Forex & Binary Options Trading Platform

Binary options provider Techfinancials has announced the launch of an ‘all in one’ Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term and 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. The platform will allow brokers to offer customers forex trading along with the existing binary options offering. According to Techfinancials, “the new development will be part of a comprehensive portfolio of superior design layouts and skins which are all characterized by their flexibility to suit each operator’s individual taste, needs and target market. “

Commenting on the launch, Eyal Rosenblum, Co-CEO and Co-Founder of Techfinancials stated “We’re excited about the new platform as it creates the ideal solution for binary options brokers in their quest for bigger user value through additional offering. The new Forex addition to our platform was specifically designed to allow Binary traders a smooth and simple transition from Binary to Forex through a unified experience with an intuitive and easy to use interface.”

Forex to Binary becomes Binary to Forex

While there have been integrated solutions that provide forex and binary trading together, such as IG Group’s all in one proprietary platform, or MT4 plugins, Techfinancials becomes the first binary options provider to offer it on their platform. The news follows what is expected to be a new trend that will begin to grow quickly; binary options brokers providing forex trading.

Initially, the focus was on forex brokers launching binary brands. However, with leading binary brokers such as 24Option or AnyOption growing quickly, there is a belief among marketers that work with both industries that binary firms are now ready to start competing against forex brokers. In terms of clientele, and marketing channels for generating clients, binary options customers tend to be aligned closer to gaming participants. However, as is often mentioned, whether a forex trader, binary trader, gambler, or equity trader, there is the common principle of having a high risk threshold among all customer groups.