The Israeli technology provider, SpotOption has just launched a new product called a Digital Contract. The aim of this is to create a new and transparent way for a trader to trade various assets including commodities, stocks and forex.
This will allow SpotOption to move away from only offering Binary Option instruments. These have negative balance protection which will ensure that traders can’t lose more than the amount of capital in their account.
The digital contracts will also have no leverage as well as no swap points rollover or commissions. What is also quite interesting about these instruments is that they offer two way pricing on a continuous basis.
These digital contracts will be launched together with the rollout of the new SpotOption mobile platform. SpotOption made it clear that the new products would meet all the regulatory requirements of numerous jurisdictions.
The founder of SpotOption, Pini Peter said that “Providing the industry with innovative new trading products has always been the focus at SpotOption”.
He went on to state that “This time, developing a product that would comply with regulatory requirements yet not lose the marketability and attractiveness that previous simplified products entailed was the goal. We trust that our Digital Contracts encompass these qualities, and are preparing ourselves for the influx of traders and brokers that they will bring to the industry.”
This coincided with the recent launch of the Spot5 trading platform which the company just unveiled at the Cyprus IFX Expo. This revolutionary new technology has placed a great deal of emphasis on the changing regulatory environment.
We have also seen some other brokers moving away from binary option trading with IG group renaming their Binary Option instruments to “digital 100s”.