The FinancialThe Financial Commission has successfully completed the certification of Binary Options Platform offered by Tools for Brokers Inc., based on the rigorous process of evaluating comprehensive technical information requirements.
This review aims to check key points throughout the platform execution process to help ensure that an equitable decision process can be provided when reviewing claims from traders using such platforms. Also, as part of the review process, the Commission has established a detailed list of points to verify covering the following sections:
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Platform Security
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Platform Capacity
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Instruments and orders types
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Pricing and Execution Policy
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Reporting and record keeping
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Business Continuity/Disaster Recovery Plan
About Tools for Brokers Inc
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Today Tools For Brokers Inc. cooperates with more than 150 brokers around the world and provides solutions for many trading platforms. Besides the wide range of technology solutions for various brokerage tasks (from liquidity bridge to money management and risk management tools), Tools for Brokers Inc. also provides Binary Options Platform to help brokers to diversify their business. |
About the Platform
The main advantage of the platform is that it can be fully integrated into the MT4 environment, so that brokers having MT4 platform can add Binary Options in their product portfolio without any modifications from their side. It is completely automated and synchronized with MT4: all the reports, configurations and data feeds are supported. The solution includes most popular Option types, including touch and range Options and Options with different expiration period to suit the different traders’ strategies.
The solution offers web-interface that can be used from any device having internet connection and also built-in panel for MT4 terminal that can be added to a standard client terminal download package. The user interface of the platform has fully customizable design. Customization of internal algorithms is also possible.
In addition, the platform includes risk management system that automatically monitors the actions of traders, preventing system abuse and maximizing the profit of the brokerage company. As well as, instruments for clients’ attraction and retention, helping to create affiliate network by using automated system of partner commission payment and giving bonuses for traded volumes.
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Aleksey Kutsenko, CEO of Tools for Brokers Inc. commented, “After six years in both, retail and institutional FX technology business it is great to see that there is finally a global organization, such as Financial Commission, which can expeditiously resolve conflicts within our industry in a friendly and a professional manner. This is service is way overdue and we are proud to be a part of this great initiative.” |
Mr.Kutsenko is a member of the Dispute Resolution Committee of the Financial Commission has his education in the fields of physics and mathematics in addition to many years of software development experience. Alexey also passed base examinations for financial market specialists and hold certificate issued by Bank of Russia.
Based on this combination it was a perfect fit for Aleksey to create his own IT-company, which allowed him to put all his ideas and plans into practice. Aleksey was the first in the world to develop a One-Click-Trading plug-in for MetaTrader4, which is used by the world’s leading Forex brokers.
About the Financial Commission:
The industry-driven independent organization provides an unparalleled dispute resolution process between online brokerages and their end-customers, helping to avoid costly arbitration and/or regulatory complaints which typically leave the customer and brokerage with a negative relationship experience, and customer dis-loyalty. The announcement marks the start of a potential new wave of member applicants from the binary options industry to join the Commission.
Technology developers seeking membership status with the Financial Commission can learn more about the process and expected requirements as part of the technology certification process in advance of applying for membership or in preparation of submitting an application.