de | cn | ru

Software News

TradoLogic Receives Patents for Binary Options Tools and Features

Mar 14 2013

Many people believe the invention of private property to have been the catalyst that set off the entire evolution of human civilization (or so I was told back in elementary school). Which kind of makes sense – just look at how far people are willing to go to protect what is rightfully theirs. 


It looks like binary options trading platform provider TradoLogic also has that proprietary attitude toward its software creations. As of January this year, the company's products are patented in the US. Now, it has received approval for patents on its trading tools and features in Japan and Europe as well, according to ForexMagnates.


The reasoning behind this move is quite clear: TradoLogic, being the inventor of this particular set of platform perks, doesn't want them copied by rival companies. Plain and simple. From now on, any binary options software developer who feels the desire to be “inspired” by TradoLogic products runs the risk of finding itself neck-deep in trouble (though it is still unclear what kind of action the company is planning to take if its patent rights are violated). 


The patents will cover four trading tools and three trading features. The tools in question are used particularly to make changes to a trading position or strategy mid-trade:


- Extend (Roll Over) – this tool allows the trader to extend the expiration time of the option

- Close (Take Profit or Stop Loss) – this tool allows the trader to lessen their losses by stopping an option when their funds are insufficient

- Double – this tool gives the trader the option to add to the investment in an open option and make double profit (if, of course, their prediction is right)

- Insurance – this tool allows the trader to buy an “insurance policy” that guarantees a refund of their original investment if a contract expires “out of the money”


The three freshly patented trading features, on the other hand, can be used to make a strategy before taking a position:


- Auto-Trade – this feature allows the trader to specify a desired profit amount and the system will perform the same trade over and over again, until the profit is reached (or the trader's capital is exhausted, of course)

- Parlay trade (Triple) – this feature allows the trader to execute three or more deals at the same time, effectively taking advantage of triangulated asset correlation (and increasing profits, of course)

- Pending Order (Knock In) – this feature allows the trader to set a desired price condition for an order be executed


I for one find TradoLogic's actions very... well, logical. It sounds like the company has created a nice, useful set of tools and features, and is perfectly right to want to protect them. Also, having proper regulation tends to make clients more trusting with their money. Especially when it comes to binary options, where the rules are still unclear, every little bit counts. Hopefully, now that they are slowly coming to be accepted as a financial instrument (in Malta, for example), we'll see more companies follow in the footsteps of brokers like Banc de Binary and SpotOption, which both recently got their licenses from CySEC.



About TradoLogic


TradoLogic is the world’s leading binary options trading platform provider, who offers innovative solutions to the financial trading industry. TradoLogic’s success is based on our commitment to excellence through full collaboration and goal-oriented interaction with our clients.


We are constantly looking to design and offer creative products and services that maximize our client’s profit potential. We do this by providing the appropriate tools required to strengthen the operator’s brand in the global market, expanding both their customer base and wallet share. TradoLogic’s turnkey solution provides premium features and support tailored to meet the ever-changing demands of the dynamic financial trading market.


TAGS: tradologic  binary options  patent  tools  features 

Related forex news

Broker Country Regulation Platform Min Deposit Review
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
$100 Review Website

More Forex Software News

Serenity blockchain trading platform announces the start of the ICO

Jan 26 2018 16:32:11

Serenity blockchain platform announces the start of the main ICO period, which will start on 25 January 2018 and will last for a total of six weeks, ending on 7 March. The main ICO period offers a unique opportunity for investors to purchase Serenity tokens with a 40% discount. Read more

Gold-i launches cryptocurrency bridge for MT4 and MT5 brokers

Oct 30 2017 12:09:36

Gold-i, the UK-based trading technology provider, has announced the launch of a new cryptocurrency solution for MetaTrader (MT4 and MT5) – the Crypto Switch. This is a bridge, which will allow brokers access to some of the leading cryptocurrency exchanges and liquidity providers. Read more

White label vs. Your own forex broker

Sep 28 2017 12:49:36

In this article, together with the experts from NewBroker, we will shed light on the White Label partnership model. We will take a look at the opportunities and risks involved in such a business. Read more

DRS Markets gets FCA license, launches CFD trading

Sep 27 2017 09:00:01

 DRS Markets, a CFD and Equity trading platform, announced it has obtained a license from UK’s Financial Conduct Authority (FCA) and has launched retail CFD trading platform from London. It is planning to attract new customers from around the world. Read more

FinaCom certifies RAMMFX investment platform

Aug 31 2017 07:46:21

 The Financial Commission (FinaCom), the independent external dispute resolution (EDR), whose members include forex, CFD and binary options brokers and fintech companies, announced it has certified the investment platform provided by RAMMFX. Read more

TigerWit forex trading platform gets Bahamas license

Aug 29 2017 10:48:19

TigerWit, a China-based forex and CFD mobile social trading platform, has obtained a broker-dealer license from the Securities Commission of The Bahamas (SCB), the company announced in a statement. Read more

Umstel trading platform certified by FinaCom

Aug 16 2017 08:57:47

The trading platform Umstel is the latest technology certified by the Financial Commission (FinaCom), an independent external dispute resolution (EDR) organization. The multi-asset web based trading platform is specialized for trading in CFDs on single stocks and ETFs. Read more

Leverate launches SIRIXCrypto, a cryptocurrency trading platform

Aug 02 2017 13:35:33

With the number of cryptocurrencies increasing every day, and their trading volumes breaking new all-time highs, Leverate decided to follow the biggest rising trend in the world of investment and finance. Read more

Match-Trade launches cryptopayment gateway for Bitcoin, Litecoin, Dash

Jul 31 2017 12:25:07

 Match-Trade Technologies, a California-based fully integrated forex technology company announced it is launching a cryptopayment gateway. It will enable various institutions to process transfers in the most popular digital currencies and to automatically collect and send payments. Read more

Tradologic adds MT5 to portfolio

Jul 27 2017 08:09:05

Tradologic, a fintech providing solutions predominantly for the binary options industry, announced it is adding the multiasset trading platform MetaTrader 5 (MT5) to its solutions portfolio. Read more

de | cn | ru