Key elements to look for in a binary options platform provider

You’ve finally made the decision you would like to enter the binary options industry as an operator. You have the initial budget needed to set up the operation, the know-hows and the contacts. Now you need to find a reliable platform supplier to provide you with the best technology to encompass success.

Since this success lies in choosing the rights provider, make sure you receive a package that covers all aspects needed to guarantee a smooth operation.

Front End

Prefer a provider that offer to develop your website, to save you both on time and money. SpotOption has the experience to develop websites quickly and efficiently delivering you a customized website to your liking in only 6 weeks, which is SEO compatible. The website is translated to different languages to fit with your business strategy and allows you to manage the content yourself.

Trading Platform

The website serves merely as the package of your brokerage, the base for a profiting operation actually lies in the trading platform you are choosing to use. There are different aspects you need to consider whilst zooming in on the platform itself:

Live Feeds – Make sure the provider offers a live and stable market data stream.  SpotOption works with Bloomberg and other renowned feed provider.

Mobile – as most of the traffic nowadays comes from mobile, it is extremely important to have a mobile app so you could get a hold of these leads trading on-the-go.

UI – having a simple and easy-to-use trading platform is the key to get traders to choose your website. SpotOption excels in the simplicity of the user interface.

Multiple Features – Variety is key for attraction and retention of clients. SpotOption continue to innovate and introduce new twists to binary trading to keep your traders coming back for more.

Backend Systems

The backend systems are those who support your daily operation. Having a strong foundations here, will allow you to prosper.

CRM – SpotOption offers a CRM that helps operators to manage their day to day operation with ease. Its automated processes allow for an efficient work mechanism while cutting down on men power, and its reports provide a clear view of the business.

BI – Knowledge is power. Having a business intelligence system allows you to go deeper in your analysis using big and small data to simplify decisions.

Affiliate system – Since the operation relies heavily on affiliates to bring in the traffic, you will need a system that will know how to track campaigns and their corresponding costs and results.

Agent Management System – For operators leaning on operating via agents (mainly in Asia), SpotOption has developed a management system to organize this operation in a clear and efficient manner.

Risk management

The expertise of knowing how to run risk management in the volatile binary market is the key to minimize your exposure. SpotOption offers a 24/7 risk management team to monitor your platform and help you operate wisely, leaving you free to focus your time on marketing and sales.

Integration and hosting

Save on resources and find a provider that take care of the hosting your data safely on their servers and offer full API for easy integration with any 3^rd party system.

Regulation

If you are planning on targeting a region which regulates binary options, you need to be licensed. SpotOption simplifies this process for you by enabling you to work under its market maker license throughout the EU. You will have the peace of mind operating knowing both the website and the trading products are all in compliance with the law.

Additional Services

Make sure that there is someone caring for your business and helping you soar 24/7.

SpotOption team offers you full support throughout your operations providing you with a quick response, guidance and advice based on best practices and pushing you to success by introducing you to valuable connections within the industry.

Make sure you are offered trainings to both you and your team and educational programs to your clients.

Now that you have an overview of the elements needed to support you in your binary operation, do your research, and see who offers it all. Check for the supplier of the biggest and most successful brokers of the industry and make your call.

Good luck!