What is the future of binary options and the usa
The main challenge is that clients will have to be trained to know how to best operate with these new products. This would mean more investment on the side of the companies, more customer support, and trained service staff. The learning curve is there, and traders will need to go through it first to be able to comfortably operate the new product.
Other companies are introducing the concept of gaming. Instead of making trading a boring and tedious task to do, gaming can help attract new clients.
In the end, no one can predict with certainty what the future of binary options will be. Obviously, companies change and re-brand, trying to accommodate their services to the new regulations. This may push the industry to re-evaluate its approach and avoid using certain lax rules for their own sole benefit.
Stay up to date with the financial markets everywhere you go. Binary Industry Top Stories. Shift in the regulation The reason for the crisis on the binary options trading market is that CySEC the Cyprus Securities and Exchange Commission had left way too many loopholes with its lax regulations.
What are the alternatives? Summing it all up In the end, no one can predict with certainty what the future of binary options will be. Comments 0 comment s Click here to cancel reply. Get the most recent news at your inbox Stay up to date with the financial markets everywhere you go. Sign up for updates. View ICO See whitepaper.
Waves Analysis - 2. This is despite the fact that trade volumes are growing pretty quickly and some binary option platforms such as VantageFX are recording massive increases in the number of traders participating in their binary options offerings.
With this large spurt of growth, it is assured that new intermediaries and brokers providing retail clients the opportunity to trade binary options will come on stream. We have seen this in the US with the coming of Cantor Exchange, which has gone ahead to develop a trading platform for non-US citizens, thus increasing the scope of participation in the binary options market in the United States.
It is almost certain that even more players will come in to the US marketplace and offer traders even greater choice. In other parts of the world, more brokerages are coming on stream. Some of these innovations in the area of brokerages coming up with unique binary options products are things we will see as the months and years come by. A diversity of trading opportunity and what can be traded is another area where we expect some innovation in the future. At the moment, there are four main asset classes on most broker platforms, but one or two brokers have started to think out of the box.
AnyOption has started to offer trading on the crypto-currency Bitcoin. Traders will soon be demanding more assets from their brokers such U. Dollar Index, some currency cross pairs as well as newer asset combinations such as as synthetic markets, and commodity asset ratios e.
We may also start to see new binary options contracts based on new economic data releases. For instance, it may soon be possible to bet on a high-impact news release such as consumer sentiment surveys, Building Permits, ADP employment report and others, causing some selected assets to hit specific price targets or not hitting those targets.
For instance, we may see something like this:. There is still plenty of room for brokers to create innovative asset types that can be traded. Look out for more of these in the years to come. In terms of software, there have been a few additions to the turnkey solutions available in the online binary options platform marketplace. After being dominated by the turnkey solutions of SpotOption, Tradologic and Tech Financials, new turnkey platform providers are entering the marketplace.
We now have the following new entrants:. It is possible that we will also see more innovation in the turnkey and proprietary platforms that are developed for the binary options market. We cannot close out the discussion on binary options software for the future without mentioning the trading robots which are currently being developed. With binary options being a web-based operation, there was some initial challenge in the development of automated software for the market.
However, the development of web browser extensions as we have on Google Chrome and Mozilla Firefox has paved the way for the development of a new kind of robots which can be attached to the browsers and communicate with the trading platforms to execute trades for traders on an automated basis.