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TradeTools FX Integrates Binary Options With MT4

Mar 20 2013
Forex market technology developer TradeTools FX has just announced it is expanding its offering of trading software. So far, the company has provided its clients with a variety of trading solutions, including risk management tools, multi-account management, desktop, web-based and mobile trading solutions, to name a few. Now, there is a new addition to this already large selection: the FX LITE Binary Option MT4 plugin.
As you may have guessed by the name, the new solution will allow brokers to offer binary options trading side by side with traditional Forex trading, using the well-known and loved MetaTrader 4 (MT4) trading platform. The implications here are quite clear, I think – more revenue for brokers who are already offering MT4 and want to expand their business into the binary options field, without having to bother with providing a separate trading platform. Traders, in turn, have more trading variety without having to click through a whole bunch of different trading software.
The FX LITE Binary Option MT4 plugin will provide brokers and traders with the same functionality and features as the FX LITE Binary Option system that TradeTools FX has been offering so far. These include price control, option contract specifications, risk management and trading profits. As a bonus, brokers will have access to the FX LITE Admin tool, which allows easy management of all the entire FX LITE system from just one terminal. The broker can control all the settings of the trading system, manage and create accounts, set contract expirations and payout percentages, or run reports. The reports in question include current exposure, open positions and closed positions. 
Actually, integrating binary options trading with MT4 is not exactly a breakthrough. Over the past year, we have seen many brokers make the same move, including names like TradoLogic, MarketPulse, Vantage FX and SpotOption, for example. It makes sense, too. After all, binary options are simple to understand, quick and don't really require much effort on the part of the trader. It's really no wonder they have gained such popularity, and it's only logical for brokers to go out of their way to take as much advantage as they can. 

About TradeTools FX

The TradeTools FX Forex trading technology developer, founded in 2008. The company's aim is to create simple, secure and user friendly solutions for Forex brokers and traders alike. TradeTools FX products are customized to suit individual customers and can be seamlessly integrated into an existing infrastructure or exits a standalone offering.
TAGS: tradetools fx  binary options  mt4  metatrader 4  integration  forex  forex trading 

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