BinaryOptionsNow – Online trading technology provider TradoLogic recently announced that it had upgraded its services offering to meet the criteria of various regulated financial markets around the globe. This will offer online brokers that use the technology and tools developed by TradoLogic the opportunity to easily acquire licenses in regulated jurisdictions.
The move comes in wake of SpotOption’s announcement that it obtained a CySEC license to offer binary trading as a regulated market maker in May of this year making it the first completely regulated binary platform company.
TradoLogic is a leading online trading platform and management system developer. Its products and service are used by a large variety of brokers such as OptionBit and OptionRange that will now be able to apply for a license at various national organizations such as CySEC, the Japanese FSA, FSA, and the Belize IFSC.
TradoLogic Service Solutions
The TradoBP or also called BINARIX is the primary binary options platform developed by TradoLogic. The platform’s greatest strength lies in the fact that it can be customized extremely easily by brokers that decide to profit from this service.
Another great aspect about this platform is the fact that end users, meaning traders, will be able to access the binary options services provided by their brokers right from their browsers. This means traders will be able to log into their account from any device with an internet connection.
The platform is likewise highly customizable from the trader’s end. Traders will be able to decide what kind of statistics they are interested in and in which format. In short pretty much all aspects of this platform were developed having the trader in mind.
The next major product offered by the technology developer is TradoTE that was designed in order to give brokers and market makers advanced system management possibilities. Brokers will be able to use tools such as trading risk management applications, online monitoring screens, deal management, fraud prevention and much more.
The TradoMS is yet another high-quality product offered by TradoLogic. It’s complete management tool that was designed to meet the demands of large international brokers. The software can be easily installed and allows for a lot of customization based on broker’s preference.
The TradoMS is an indispensable tool from the portfolio of every serious online trading broker. This is because it offers brokers user management possibilities that will give great insight into trader behavior which can be used in order to fine tune the services offered.
With the new updates, all the trading solutions above are now fully compatible with the rules and regulations of international online trading regulatory bodies. The TradoLogic software and platforms are at this moment being used by a large number of brokers. All of them will now be able to become licensed in each major jurisdiction.
This is yet another indication that the retail binary options platform company seems to be headed towards regulation and is thus here to stay.
In the end, this will mostly benefit the end-user, namely the traders. After the TradoLogic-based brokers have been awarded with an official license, traders will feel more comfortable investing with licensed and regulated Tradologic brokers.