Napier, New Zealand (PRWEB) February 12, 2014
The final quarter of 2013 saw a decline in retail forex trading volumes (source - http://www.reuters.com/article/2014/01/13/markets-forex-volumes-idUSL6N0KN2N420140113) , the aftermath of what seems to be an economically dramatic year that has left many traders in deep-seated confusion.
Despite the gloomy outlook, some brokers have taken advantage of the situation to introduce new innovative product offerings to excite the market and attract new traders. A broker that has gone from strength to strength amidst the trading downturn is Starfish FX, recently awarded the Best Trading Platform in Asia 2013, by the prestigious Global Banking & Finance Review.
Starfish FX kick started the year by introducing the industry’s first Binary Options in MetaTrader 4. Combining the best of both worlds, traders were able to experience the revolutionary opportunities of binary options trading in the familiar and secured environment of the MT4 which they are already accustomed to.
An interview with Joseph M Barton, COO of New Zealand headquartered broker Starfish FX, revealed that many existing traditional forex traders have been enticed by the possibility of up to 80% profits from just a 0.1 pip movement in the right direction. “Low volatility led to contractions in trading, such an environment is frustrating to the speculator as it presents minimal trading opportunity. Whereas for binary options, traders have a choice of one minute options which essentially means every minute is a window for profit because a mere 0.1pip is all that is required for substantial profits.” Mr. Barton also emphasized the significance of integrating binary options trading within the MT4. “A widespread of web based platforms ensue the increasing popularity of binary options trading. Starfish FX’s insistence on developing an MT4 based platform serves to minimize the delay and slippage that are more prevalent in platforms built into a browser. As an innovation driven and trader orientated firm, we believe when traders benefit, so do we.”
Although market sentiments are not yet clear in the financial markets in the year 2014 so far, innovation and exciting new offerings will inevitably affect the pace of the retail trading scene and there is much to look forward to. This breakthrough product from Starfish FX looks to win traders from all over the world and provides Starfish clients the best binary options trading experience ever.