X Open Hub adds Binary Options platform

 Beta testing mode now available, full launch about February 2014

Competition has just gotten harsher in the binary options platforms space. We have a new kid on the block and it is definitely not one to be underestimated considering the amount of innovation we have observed for the past year from the company behind it.

UK based platform provider X Open Hub has issued a press release today announcing the inclusion of binary options as a standard feature within its platform. The company has therefore cemented its position as a platform provider that assists brokerages with a fully integrated solution. Their clients are now able to provide all major trading tools from a single platform – forex, CFDs, social trading and now binary options.

The new product is launched in beta mode so companies will be able to test and experience how the solution works before it is fully implemented. Brokerages who are working with X Open Hub will be able to provide a complete universal product once beta testing is concluded. Ever more binary options brokers are getting licensed these days and since the recent crackdown by CySEC that trend is unlikely to abate. 

X Open Hub’s managing director Jakob Zablocki said at the launch that the platform is fully web based and it will naturally be supported by the product range of the company’s products and tools. The company claims to be one of the first platforms to integrate all products within a single environment.

Answering a question about the full availability of the platform Mr. Zablocki said that the full and complete version will most likely be released by the end of February next year. Meanwhile anyone who is willing to get a glimpse of the beta can do so by contacting X Open Hub and request a demo account. 

Meanwhile as platform compatition heats up, the regulation race is on with as many as seven brokerages currently being licensed under the CySEC, the full list follows: 

Binary Options Broker          Platform Provider
Cedar Finance   Tradologic
Banc de Binary   SpotOption
OptionWeb   SpotOption
OptionRally   SpotOption
24Option   TechFinancials
ZoneOptions   TechFinancials
OptionFair   TechFinancials

To view the file with the full press release click here.

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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