A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. It's called 'binary' because there can be only two outcomes – win or lose.
Advantages of binary options trading
Aside from the simplicity of its 'yes or no' proposition, binary options trading is also very flexible. It gives you the ability to trade:
Trade on underlying markets that include forex, stock indices, commodities, and more.
All market conditions
Predict market movement using up/down, touch/no touch, and in/out trade types.
Take a short-term or long-term view with trade durations from 10 seconds to 365 days.
Earn payouts much higher than your initial stake.. Losses are limited to your initial stake and nothing more.
Range of markets
Binary options allow you to trade on a wide range of underlying markets. One of the advantages of trading binary options is that you are not buying or selling an actual asset, only a contract that determines how that asset performs over a period of time. This limits your risk and makes it easy for anyone to start trading.
Forex:Major pairs, minor pairs, and Smart FX indices.
Stock Indices: Major worldwide stock indices sourced from the OTC market.
Commodities: Metals, energy, oil etc.
Crypto: Bitcoin, ETH and other coins.
Trade popular major and minor currency pairs, plus Smart FX indices – weighted indices that measure the value of a currency against a basket of major currencies.
There are multiple types of Smart FX indices that you can trade, like for example :
EUR Index – Measures the value of the Euro against a basket of five global currencies (USD, AUD, GBP, JPY, CAD), each weighted by 20%
GBP Index – Measures the value of the British Pound against a basket of five global currencies (USD, EUR, AUD, JPY, CAD), each weighted by 20%
USD Index – Measures the value of the US dollar against a basket of five global currencies (EUR, GBP, JPY, CAD, AUD), each weighted by 20%
Enjoy exciting opportunities to trade stock indices with the benefit of real-time charts and pricing.
Commodities such as metals like gold, silver or energy like gas, oil and so on.