SpotOption finally allows us to trade binary options directly from the application Meta Trader. You will no longer need to log into the broker platform. Your trades are now realized easily within the program.
We’ve heard it before, but it’s true?
SpotOption official statement
SpotOption official statement says:
SpotOption also launched their MT4 Plug-In, which allows MT4 operators to automatically offer SpotOption’s prominent binary options solution to their traders directly within their MT4 platform. The integration process is fast and simple, and it allows for account and wallet sharing. The instruments and price feeds are through MT4, as are the deposits and withdrawals. Traders can also use MT4’s Expert Advisor for binary options, as well as dozens of indicators and oscillators for binary trading. This allows brokerages to attract a whole new database of binary traders, as well as diversify their portfolio for existing traders, without any additional steps, redirections, or set-ups.
Simply put: SpotOption, the leading provider of binary options trading platforms began offering MT4 plug-in, thanks to which you can connect to your SpotOption trading account. Now you will be able to handle your account (open and close trades, make deposits and withdrawals) directly from Meta Trader 4.
How the modified Meta Trader may look like?
Below you can find my ingenious photomontage of the program Meta Trader 4. It shows the theoretical visuals of the plug-in after its implementation.
What do I think about the changes?
I think it is a step forward, but first, the brokers will have to think about it, accept it and install it. SpotOption now offers one possible solution. I have been searching for a broker who offers such option already before. Currently there are just 2 (I think), but unfortunately, I can remember just one of them. It is SMS (Solidary Market Systems) and they do not use SpotOption platform, but their own one.
However, the part where SpotOption offers to users automated trading systems for binary options (systems without any intellectual intervention of the trader) I do not like. I am worried that it will create a lot of other binary options scam similar to EZTrader scam.