Despite the tightening of the associated regulating framework and amidst much controversy, which is often sparked by the existence of scammers wishing to jump on the industry bandwagon in pursuit of easy profits against unsuspecting clients, the online retail binary options industry continues its expansion and prosperity unabated.
Solid proof of this trend is the recent announcement by leading binary options platform provider SpotOption, informing that it has reached an important milestone in its development by surpassing the impressive number of 500.000 registered traders collectively amongst the numerous labels on its network worldwide. SpotOption is by far the strongest player in the industry, holding a share of 70% in the global binary options market with SpotOption labels spread widely across various countries in Europe, the Middle East, South America and Asia.
Indeed, the company’s growth has mimicked the growth of the industry as a whole, which has swiftly doubled in size since the initial regulation of binary options trading allowing one to argue that binary options are today one of the most popular financial instruments.
SpotOption is a true pioneer in the field and in fact it was granted the first ever binary options market making license by the Cypriot regulator CySEC, soon after this authority began regulating the trading of binary options in its jurisdiction.
Commenting on the company’s remarkable achievement, SpotOption’s CEO Ran Amiran highlighted that "We reached our goal of 500,000 traders earlier than we expected," also pointing out that "We've prepared and protected ourselves technologically for this rapid growth, and are continuing to do our utmost to provide our partners with all the new and exciting features that will secure their position as market leaders."
SpotOption can boast of managing to develop the best trader experience and it has achieved this because the large influx of trades through its system has enabled the company to thoroughly study the behaviour of traders and better understand their needs. SpotOption is also particularly proud of its Spot2 platform, which corresponds with the mobile application for smart phones and tablets, based on an unrivalled user interface. An added advantage of Spot2 is that it can be easily adapted to any language and localized to any region, while featuring both a wide variety of popular assets as well as the opportunity for local assets to be added upon request.
The future looks even more bright and promising for the company, which can expect to grow at an even faster pace due to the fact that its target market has expanded through the recent launching of its new, simplified platforms for the online retail trading of forex, ladder and CFDs.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.