New Binary Option broker

[Binary]

Hello guys,

I am planning to open my own Binary Options broker in nearest months.

Maybe you have some suggestions, comments, experience what can help me avoid some problems and issues in future?

Also I am searching for partners who want to invest their money, time and work, and start work in your own business.

Any kind of comments are most welcome.

[Magic-Johnson]

was the time that it was interesting for me, and after losing some money i'd lost the interest in binary options..

[MrBinaryAff]

What trading platform you are planning to use? Have you thought about main markets/licences you are going to obtain?

[Binary]

What trading platform you are planning to use? Have you thought about main markets/licences you are going to obtain?

I have not decided which one platform software I will choose from two options, yet. Costs are +/- the same for both platforms. Currently, I am testing both to understand which one is better.

I have couple ideas about main markets where I will start promoting my new broker and license for the start I will try to obtain Cysec Tied Agent.

[MrBinaryAff]

I have not decided which one platform software I will choose from two options, yet. Costs are +/- the same for both platforms. Currently, I am testing both to understand which one is better.

I have couple ideas about main markets where I will start promoting my new broker and license for the start I will try to obtain Cysec Tied Agent.

Don't you need around 50k to start with + customer support and marketing team?

[eenzoo]

Two years ago i had some talks with spotoption and tradologic ... i remember around $20-25k for white label setup and a monthly fee of 10-18% of your netrevenue but a minimum of $4 or 5k or something.

For sure this numbers will be changed during last two years. And you think it will be really a good idea to start a new brand? I see BO in a downward trend. More and more brokers stop operations, or losing licenses, or ...

With $100k including marketing for first couple of month, you will be seriously underfunded i think. And this paying the big ones during weeks. Maybe there is a way with a really strict focus. But on what or who?!

[MrBinaryAff]

Two years ago i had some talks with spotoption and tradologic ... i remember around $20-25k for white label setup and a monthly fee of 10-18% of your netrevenue but a minimum of $4 or 5k or something.

For sure this numbers will be changed during last two years. And you think it will be really a good idea to start a new brand? I see BO in a downward trend. More and more brokers stop operations, or losing licenses, or ...

With $100k including marketing for first couple of month, you will be seriously underfunded i think. And this paying the big ones during weeks. Maybe there is a way with a really strict focus. But on what or who?!

I completelly agree with you. In order to create a great broker and be competitive you really need a lot of money, and by not providing the great service (investing little), you are just wasting your time and money...

[DigitalBubble]

I recently read an article of successful affiliate turned brokers, can't remember which affiliate/igaming magazine. Anybody else have come across success stories of affiliates turned brokers/casino operators?

[sandysr]

Go ahead. Binary options trading is a good way of trading, where the chance of risk is minimised.

[UFX Affiliates]

Go ahead. Binary options trading is a good way of trading, where the chance of risk is minimised.

Are you sure this is the right advice due to the current situation in the binary industry?

[RARCA]

Well said.