SpotOption Empowers Traders with New Social Tool

Jan 07, 2014, 08:48 ET from SpotOption Ltd.

NICOSIA, Cyprus, January 7, 2014 /PRNewswire/ --

Leading Binary Options platform providers, SpotOption Ltd., introduces a new feature, SpotFollow, which allows traders to follow top traders' positions.

SpotOption announces their latest feature that allows operators to offer social trading on their websites.  As creating a social environment is imperative for online operators, SpotFollow connects traders to each other by allowing them to view the top traders of the site and replicate their positions.  The top traders represent the platforms' most successful traders and can be categorized as top traders per certain asset, or as cross assets, meaning they are leading the entire trades on that specific website.  Traders will be able to base their decisions upon reviewing a summary of the top trader's winning amounts, the number of transactions made, their success rates in percentages and the number of followers they have.  To make sure they stay in control over their investment, SpotFollow enables traders to set limits by defining the amount to invest and the total limit per position.

SpotFollow offers a new and refreshing way for existing white labels to convert more depositors into active traders and increase their profitability.  It meets the need of customers who are not sure how to trade, or do not feel confident enough to make these trading decisions.  With SpotFollow, they are able to locate expertise, copy the best, and hopefully join in their success.

"We are constantly developing new and  innovative  ways to give the traders what they want.", says Pini Peter, founder of SpotOption Ltd. "We believe that bringing the social world to binary options will increase our white labels' turnover and provide a new and exciting tool to attract both existing and new traders to our white labels' sites".

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SOURCE SpotOption Ltd.