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Direct FX Uses TTFX Product to Offer Binary Options on MT4

Direct FX, the Sydney-located online trading firm, has joined its efforts with TradeTools FX (TTFX), a Chicago-based software developer, to offer its clients trading with binary options on the Metatrader 4 (MT4) platform. 

The software firm said the broker is making use of its FX Lite technology. In its essence, FX Lite allows a broker to use it as a standalone platform for trading Forex and binary options or to be integrated with the MT4. Obviously, Direct FX has opted for the second alternative. 
An obvious advantage of TTFX's product is that it is compliant with Metaquotes' requirements and, hence, brokers utilizing FX Lite should not be worried about stuff like licenses and code. Among the other pros of this technology is that Direct FX's clients can now trade binary options, CFDs and Forex using a single MT4 account, without having to switch between systems and platforms.
The Australian company is now set to benefit from the latest upsurge in the interest into binary option trading in the retail Forex market. You perhaps recall that Alpari launched its own platform for trading binary options early in September. 
The growing popularity of binary options is not a random occurrence: after all they allow even newbies to test themselves in trading, as the mere thing one has to do is to guess the direction of a price movement and reap a gain after a certain time interval. Of course, the situation with regulation is not so simple with Cyprus and Malta tackling binary options as financial instruments and demanding companies that offer services in this aspect to get the necessary licenses. And you perhaps recall that about 10 days ago the Cyprus Securities and Exchange Commission (CySEC), issued a warning against binary options broker TraderXP over the lack of necessary permissions to operate. 
Hopefully, the Direct FX will be able to get the maximum from the milder regulatory climate in Australia.

About Direct FX Pty Ltd

Based in Sydney, Australia, Direct FX is an online trading firm that specializes in spot Forex, metals and CFDs (Contracts for Difference). The company—which is distinguished by its very competitive spreads—caters to retail and institutional Forex traders worldwide and offers individual, joint, and corporate accounts. Direct FX is licensed (#305539) by the Australian Securities and Investment Commission, one of the most highly-respected regulatory agencies in the world. Founded in 2006, Direct FX is owned by six partners who each have more than 20 years of experience in the Forex and trading industry. They are members of the Chicago Mercantile Exchange, the Chicago Board of Trade and the Chicago Stock Exchange.
TAGS: directfx  direct fx  direct fx broker  ttfx  binary options  binary options trading  fx lite  mt4  metatrader 4  forex software  tradetools fx 

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