The year 2016 has been eventful to say the least. As people upload memes and advance impatiently into the New Year, the binary options industry is changing. The following post will discuss binary options and how they will be different in the next twelve months.
A binary option is a form of trading and is an options in which traders can gain either a fixed amount or lose the invested money altogether. Because of this, they are also known as all-or-nothing options.
For one thing, 2017 will introduce more trusted brokers in the coming year. This is because binary options brokers are becoming more and more regulated by, for example, companies such as CySEC. This is very positive for the industry because regulations aid in preventing traders from being scammed, or taken advantage of.
There will also be more options for traders because brokers are competing to provide the most features possible on their platforms. This includes features such as; but not exclusive to, economic calendars, advanced reports, price alerts, and much more to provide traders with the best possible experience.
With the New Year comes new techniques regarding the improvement of security. This is also greatly because of the aforementioned regulations. In the UK, for example, binary option brokers are very commonly regulated because this form of trading is considered to be a part of the financial landscape. In other countries like Canada, however, there are no regulated brokers to date. In 2017, there is expected to be higher security because of an increase in regulated brokers; however, there is also suspected to be improved security because of the platforms, themselves. People will likely be able to trade a lesser chance of being scammed and of having their identity stolen. This will provide a higher confidence from traders in their brokers and the new technology used to make this happen will also attract more traders to take part in binary options trading.
Celebrities are also getting involved in binary options through sponsorship. This is mostly true with football players, clubs, and others involved in sports. This increases popularity and attention toward binary options; therefore, trading is also expected to rise as the number of sponsorships do as well.
Mobile trading will also increase with the New Year. This is getting more attention because traders enjoy having their platforms on-the-go. This makes mobile trading an essential aspect of the ever-changing landscape of binary options.