New Binary Option broker

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.

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

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

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Originally Posted by MrBinaryAff

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

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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.

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Originally Posted by Binary

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.

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

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?!

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Originally Posted by 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?!

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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...

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?

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

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Originally Posted by sandysr

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

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

Well said.