What are binaries?
Binaries are based on a single question: “will the underlying market do X before the binary expires?”
They typically expire either hourly, daily, weekly or monthly. Intraday binaries are also available on forex.
At expiry, if the answer is yes, the binary settles at 100. If the answer is no, the binary settles at 0.
Until expiry, we make a price between 0 and 100 which you buy or sell depending on whether you think the answer will be yes or no.
This price will drift towards either 100 or 0 as it gets closer to expiry. You’re not tied in until expiry, and can close your position whenever you want.
Their fast-moving nature provides the possibility of short-term gains, alongside any potential losses. Although binaries are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains.
We may not use our prices for the settlement of some binary contracts. Please refer to our contract details on how we settle binary contracts.