The Binary Options Industry: Following In the Footsteps of Forex?

A lot of exciting developments occurred in the latter part of the year 2013 for the binary options industry. After a long dominance by a few technology providers many new entrants came into the field, both crossing over from traditional 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 from the online gaming industry.

Throughout the year there were challenges faced by the industry that forced the different players to choose between several diverging paths. Integrating with Forex brokers or operating separate brands, CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term license, FCA or no regulation at all, advanced options or just a fun experience, is there a need for social or copy trading, how to respond to trading robots and what about America and Japan. All these issues will be more pressing this year in a much more crowded arena.

In our Q4 2013 Industry Report, Forex Magnates examines the options faced by the binary industry based on the analysis of the firms that build the infrastructure itself. We spoke with top executives from Tradologic, TechFinancials, MarketsPulse, SpotOption and new comer PandaTS. This group of business focused technology experts has discussed the binary options industry’s split between gaming and financial trading, along with seven other topics identified as pivotal to the market’s future.

This analysis, many other interesting articles and more data resources, all crucial to successfully understanding the FX industry at the start of 2014, are what makes the Forex Magnates Q4 2013 Industry Report a must have for any serious player in the Forex market. The report can be previewed here.