Binary option trading have been gaining momentum for some time. This month, AvaTrade and Dukascopy launched binary option one after another.
Binary option trading have been gaining momentum for some time. Days after New Year celebration, forex software provider Leverate launched trading platform specially for binary option trading. Not long afterward, Alpari announced the release of risk-free binary option trading, providing distinctive service among other forex brokers who offer binary. Then this month, AvaTrade and Dukascopy launched binary option one after another.
Binary Launches
On 6 February, AvaTrade released a press statement announcing the launch of PowerOption, a binary options regulated platform. The platform actually has been operating since November 2013, but has just launched formally in European Union. They offer twelve pairs of currency, indices, stocks, and commodities. The platform is powered by MarketPulse technology as it is considered one of the most advanced binary option trading platform in the market. In addition, they are seeking to be regulated by Cypriot's Cysec and Australian ASIC. A proper regulation by bonafide authorities will give them an edge on dealing with binary, as there are many binary option brokers who are recklessly operating without any regulation whatsoever.
Then last week (14/2), leaprate published an interview with Dukascopy management that spoke about their launch of in-house developed binary option trading platform. Price feed is channeled directly from Dukascopy marketplace. For the time being, it is still in beta, and live launch date hasn't been pinned down yet.
Binary Option Regulation Conundrums
Meanwhile, Alpari UK sent letters to their clients announcing that they are no longer offering binary option trading because of regulatory considerations (5/12). It is quite surprising, as they have just released BO trading on September 2013. There is no information on what kind of regulation that tripped Alpari UK, because BO is quite legal in the UK, but the company did not offer further explanation. However, Alpari clients are still able to access binary option trading through platforms outside of the UK.
On the topic of regulation, forexmagnates reported at February 12 that Tradologic received CySEC licenses for at least two of its binary options brands, OptionXP and OptionBit. They are the latest entry among several binary brokers registered with CySEC, after SpotOption and TechFinancials. On the other hand, the two brands are included in the long list of 69 binary options websites warned by France's financial authority, Autorite des marches financiers (AMF), back in January.
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