TradeToolsFx Launches Proprietary Binary Trading Platform

BinaryOptionsNow | Published on March 21, 2013 at 10:39 pm

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BinaryOptionsNow – Online trading technology developer TradeTools FX announced the release of a new proprietary binary options trading platform. The new binary options trading platform allows traders to trade binary options of a new and custom made online trading interface.

The platform also comes with a fully integrated MetaTrader 4 plugin that allows traders to trade options from MetaTrader 4 accounts. The addition of the MT4 plugin signalizes the growth of the binary options trading business. MetaTrader 4 was so far mostly only used by mainstream forex brokers and traders.

TradeTools FX Adds New Binary Options Software

TradeTools FX’s binary options trading platform FX LITE: Binary Options is from now on also available on the popular MetaTrader 4 online trading platform. The company decided to create a plugin that merges its proprietary options trading platform with the MT4 software due to the rising popularity of the options trading market.

Originally, the FX LITE: Binary Options platform was a web-based trading platform. The platform comes with a classic forex trading interface optimized for binary options trading. Old forex traders who are interested in options trading will have an easy time using the platform due to its strong resemblance with many major forex trading platforms.

Due to its simplicity, the platform is also recommended to new traders as well. On the right side of the platform’s interface, traders will have the chance to select an asset. Clicking on an asset will bring up a window that will ask the trader which position to open. The left side of the interface allows traders to engage in traditional forex trading.

After clicking either “Buy” or “Sell”, traders will be asked to either confirm or reject the purchase of a position. The middle of the interface contains a huge table that will allow traders to analyze and track the development of the selected asset.

Here, traders also have the possibility to select different indicators that will help them analyze and predict the movement of the underlying asset. The bottom of the interface includes all the trader’s open positions, detailing info such as expiry date, profit margin and more.

Other TradeTools FX Products

Other tools developed by the company include the MT4 Multi Account Trader that will allow traders to connect to a single MT4 account but allocate trades to multiple sub-accounts. Another tool is the FX LITE: MAT that basically works like the previous tool but on a web-based platform.

The FX LITE: Desktop is the company’s main downloadable online trading platform. The platform can be fully integrated with the popular MetaTrader 4 platform as well. The FX LITE: Mobile and Tablet is the mobile version of the before mentioned desktop platform.

The FX LITE: Admin, the MT4 Account Management Tool and the MT4 Monitoring System were specially developed for broker to monitor their traders’ activity, liquidity flow and other issues involving the administration of brokers’ daily activities. Apart form these the company also provides various analytical tools and plugins.

About TradeTools FX

TradeTools FX is an online trading technology developer founded and launched in 2008 by a team of technology and financial trading enthusiasts. Initially the broker was only focused on the forex trading market having developed multiple tools that brokers are able to integrate.

Recently the company began expanding and developing tools that touch the binary options industry as well. The new binary options platform and MetaTrader 4 plugin allows binary options brokers to offer the best quality services to their clients.

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