Option Ground, Finopex and EasyXP unite into Regaloptions and choose Tradologic’s platform
Three ex-clients of TechFinancial – Option Ground, Finopex and EasyXP will be rebranded under a common name “RegalOptions” and have switched their platform provider to Tradologic. After Tradologic got on board the major binary options label Cedar Finance in July and FXTrade Japan followed suit last month the company announced the addition of this new label to its ever expanding line-up. The company solidifies its leadership on the market with a steadily growing amount of white labels it provides technology to.
Cedar Finance’s CEO Slawek Pucia has stated that the migration to Tradologic’s services has been rather smooth and technical problems were not encountered during the platform switch. The binary options industry has been very rapidly evolving and is becoming ever more competitive with major platform providers competing fiercely. Inevitably some binary options seek way to recompose their business models and as we already reported today happened to iOption, some might be forced out.
With more competition platforms evolve and its only normal to observe consolidation at some point in time. After all the target market for binary options brokers is rather constant and the sheer quantity of white labels has been imploding during the past year.
Tradologic’s platform uses the so called “widgets” – multiple widgets are located on a single webpage and are designed to be easily rebranded under the different labels’ brand style and maintain their capability to build their own websites, technology, servers and databases without sacrificing the usability of Tradologic’s platform.
For the full text of the press release visit Tradologic’s website.