SpotOption

SpotOption is an international company, with offices in the Middle East, Europe, Japan.[1] and Hong Kong.[2] The company works within the financial sector and provides binary options trading technology.[3] SpotOption was founded in 2009, and is the biggest binary options platform provider, holding 70% of the market share.[4]

SpotOption works globally and supply some of the biggest brokerages in the industry such as Banc de Binary, itrader, BDSwiss,[5] OptionRally, Webitrader[6] and FXDD.[7]

History

SpotOption was established in May 2009 by Pini Peter, as a B2C operation. After 2 years of operation, SpotOption decided to sell their B2C operation, TraderXP, and focus its efforts on a B2B operation only.[8]

Regulation

In May 2012, Cysec (the Cyprus Securities and Exchange Commission) has announced that binary options will be included in a list of financial instruments that will "fall within the remit of the Investment Services and Activities and Regulated Markets Law".[9] SpotOption Exchange, a SpotOption associated company headquartered in Limassol, Cyprus, was the first to obtain its license (number 170/12), granting it to be the first market making investment firm in Europe enabling Binary Options trading.[10][11] SpotOption in a collaboration with Spotoption Exchange,[12] offers its brands a license to legally offer their clients their services throughout Europe. SpotOption’s features, such as the Front end, Trading Engine, CRM, and CMS were developed specifically to be in accordance with the compliance requirements of the regulators in Mifid EU, FCA, UK, Malta Financial Services Authority and ASIC Australia[13]

Products

SpotOption is a Binary Options, Forex, CFDs and Ladder platform provider.

Awards

SpotOption was nominated and a winner of some of the most prestige titles of the industry:

References

  1. ↑ Grinbeg, Michael."SpotOption opens an office in Japan where binary options market seems to be heating up", Forex Magnates,30 November 2014.
  2. ↑ "SpotOption Opens New Offices in Hong Kong", Digital Journal, 6 August 2014.
  3. ↑ "Company Overview of SpotOption Ltd", Bloomberg Businesweek,12 August 2014.
  4. ↑ "The State of Binary Options Market", Binaries,Your Gateway To Binary Options.
  5. ↑
  6. ↑ "WebiTrader Binary Option Platform Review", Binaryoptions Professor
  7. ↑ "FXDD launches binary options trading with SpotOption platform", LeapRate, 12 October 2013
  8. ↑ "SpotOption Ltd. Completes First Exit with TraderXP", [PR WEB], 9 February 2011.
  9. ↑ "CySec Annoouncement", 4 May 2012.
  10. ↑ "S.O. SpotOption Receives the First CySEC License", Forex Affiliate Review, 31 May 2012
  11. ↑ "Cysec Annoucnement", 9 August 2012.
  12. ↑ "SpotOption Exchange"
  13. ↑ "SpotOption-About Us"
  14. ↑ Siddiqui, Adil. "SpotOption Wins Best Binary Options Software Provider at the First Forex Magnates Awards in London", Forex Magnates, 19 November 2012
  15. ↑ Garlitos,Kirby. "THE WINNERS OF THE 2012 EGR B2B AWARDS", 11 May 2012
  16. ↑ , eGaming Magazine,2013
  17. ↑ , eGR Magazine, 2013
  18. ↑ "And the Winner of the Best Binary Solution at EGR Awards, 2014 is...SpotOption!", PR Newswire, 18 June 2014

External links

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