SpotOption, a leading binary options technology provider, has unveiled the successful launch of its MT4 plug-in, which was enabled due to partnership with Tools For Brokers.
The MT4 plug-in empowers forex operators who offer traders MT4 platform to automatically offer binary options directly on their MT4 platform. The integration is quite simple, as no additional steps or set-ups are required.
Benefits to both brokers and traders
MT4, which is MetaQuote’s leading platform for forex traders, is known for its flexibility and utility, and it is platform of choice for a significant number of traders.
“We knew that our binary options platform would be a great benefit to operators offering MT4, and we looked for the right partners who could give us the best synchronization. Tools For Brokers demonstrated the technological expertise we were looking for, and they definitely delivered the seamless integration that we imagined,” said David Ripstein, CEO of SpotOption.
Due to the new solution, traders are now able to make the whole selection of account operations, including deposits and withdrawals, without the need to click through other trading platforms. The same MT4 account and wallet are shared with binary options activity in addition to stimulating the activity of customers through real-time synchronization.
Brokers will gain another retention tool, while traders will have more trading variety without making any changes to their platform or trading habits.
The next step
Considering the enormous popularity of binary options, the next step could be integrating binary options trading with MT5.
“Adding binary options to MT4 is the most logical step for operators who want to expand their database, and offer additional hedging opportunities to their traders. We chose SpotOption as they are the leaders in binary options, and their platform gives MT4 the advantage of an added, simplified product with the best UI that we found,” said Aleksey Kutsenko, CEO of Tools For Brokers.
In addition to the new tool developed with Tools For Brokers, SpotOption announced it has expanded its portfolio with the launch of a trading platform for CFDs.