2016 has been an eventful year for everyone in the world, and the binary options industry is no exceptions. This turbulent year brought many game changers and memorable events such as binary options broker partnerships with other companies and sports stars, great promotions, top brokers acquisitions, amazing trading results fro some of our top recommended brokers, improvement in security and much more.
As the new year approaches, we take a look at those events to predict what await binary options trades in 2017.
More Trust in Licensed Brokers
As we’ve seen this year, binary options regulatory bodies such as CySEC are gaining more and more authority. This is understandable and very positive for the industry, as trading with a licensed broker is more secure.
More Features and Options for Trading
In 2017, many brokers tried to compete by adding more interesting features to their platforms. This included CFD trading, price alerts, economic calendar, advanced reports. As the binary options market becomes more and more competitive, we foresee more of these changes next year.
Binary Options Trading Volumes Increase on New Markets
Recently we have witnessed the increase of binary options trading in new parts of the world, particularly in Australia, Japan and many Asian countries. This is likely to continue in the near future.
Sponsorship deals with celebrities
Signing partnership has been around for a while. In the past, it included mostly football clubs and other sports stars. We predict more of those in 2017 as well as those partnerships expanding their focus to include all kinds of celebrities.
More Attention to Mobile Trading
As we are more and more on-the-go constantly, mobile trading became a vital component for any broker. Those who still don’t have anything to offer in this are will quickly catch up soon.
More Educational Resources
Times, when we believed that no knowledge is required for being a successful trader, are long ago over. We want to know more about the market and how to make better choices. And what differentiates a good broker from a bad one is the will to educate its traders. So educational materials are likely to become more available in the future.
Being able to trade without worrying about your funds and identity safety is vital. Many binary options brokers have already implemented new technology to protect their traders, and others are likely to catch up soon.
Whatever 2017 brings, one thing is for sure: we’ll be here to help our readers in making good choices while trading binary options next year. By knowing top players in the industry and being constantly updated about current trends and novelties, you are sure to have a better chance of benefiting from your trading experience and enjoying it more. Happy New Year!
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