BinaryOptionsNow – Renowned forex broker Alpari announced the launch of a new binary options service portfolio aimed at providing binary options trading services for the clients of the company. The new service portfolio will include two binary options platforms that will be offered to traders based on their geographical area.
The addition of binary options into the service portfolio of Alpari clearly reflects the rising importance of binary options trading. In the recent past, option trading was mostly only provided by standalone and relatively small companies that offered binary options as their main product. Today, however, major forex brokers have also ventured into the emerging binary options market.
Alpari Implements Binary Options
As explained above, renowned forex broker Alpari has finally added binary options as one of the services provided by the company. A press release issued by the company explained that the venture decided to implement two different binary options platforms for its traders.
Russian clients of the company will have the possibility to trade on the renowned OptionTrader binary options platform developed and licensed by the company Binary Products Limited. This platform will allow clients to deposit money in either USD or EUR and invest on the future movement of various assets such as stocks, forex currency pairs, indices and commodities.
The OptionTrader platform that is being offered to Russian traders allows traders to purchase binary options contracts with expiration times between 3 minutes and one hour. Unfortunately options with shorter expiration times such as just 60 seconds are at this moment not provided.
UK clients of the company will however have the possibility to trade on the binary options platform developed by SpotOption. The SpotOption platform allows traders to connect into their trading accounts from their web browsers without having to install any application onto their computers.
Accounts can be opened in multiple currencies such as EUR, USD, GBP, CHF, JPY and AUD. No commissions are charged by the broker on opened contracts as well as deposits regardless of size. Traders will be able to purchase binary options contracts with expiration times ranging from 60 seconds to 2 minutes, 15 minutes, 1 week and even up to a year.
The possibility to choose weekly and even yearly expiration times allows traders to make serious investment rather than just random bets that mostly depend on luck and chance. This feature clearly points out Alpari’s role as a real financial service provider rather than just a simple financial betting provider.
Alpari is one of the largest forex and CFD brokers on the market. At this moment the company owns and runs multiple online trading brands that are specialized on different markets such as Europe, the UK, Asia, Russia and more. Up until now, the company only provided traditional FX and CFD trading services, however the company already hinted the implementation of binary options in early 2013.
In the UK the company and all of its services are officially licensed and authorized by the Financial Conduct Authority (FCA). As such, the company is one of the very few forex and binary options brokers that actually own a real and official United Kingdom financial trading license.