Chicago based forex industry technology provider TradeTools FX announced that they have launched FX LITE MT4 Binary Option plugin. The plugin allows MT4 brokers to provide clients binary options trading directly from the Metatrader platform. The plugin connects with TradeTools FX Lite Binary Options Trading Platform .
The announcement adds to the list of firms that have launched Binary Options trading on MT4. Over the last year we have seen both SpotOption and MarketsPulse release similar products.
Forex brokers offering MT4 can now capitalize on the growing popularity of Binary Options with the FX LITE MT4 Binary Option plugin from TradeTools FX. The system gives the broker full control over pricing, option contract specifications, Risk Management and trading profits. Tim Brankin, Director of Sales and Marketing for TradeTools FX, stated: "The Binary Option MT4 plugin gives a broker the ability to offer Binary Options alongside Forex within the MT4 client terminal. The Binary Option plugin can be utilized by a broker to increase revenues from their existing client base or as a tool to attract new clients to MT4 for both Binary Options and Forex trading." The MT4 Binary Option plugin also comes with the FX LITE Admin tool where the broker is able to run reports, set contract expirations and payout percentages. Brokers can also offer Binary Option trading over MT4 to their network of White Labels and IB partners. Clients can also trade Binary Options using TTFX's FX LITE Desktop, Tablet and Mobile solutions utilizing the same MT4 login and password. Reports available: •Current exposure – displayed on a chart and table format •Open positions – Account Position, Symbol, Type, Open Time, Open price, Current price, Expire type, Expire Time Investment •Closed positions – can be run on the account or group level The plugin can be installed by the broker or by the TradeToolsFX team.
