Twenty- and five-minute contracts<\/strong>\u00a0Will the index rise in the next 20 minutes? Take a 20-minute contract on the FTSE or Wall Street. (Please note that due to the fast-moving nature of Binary contract prices, these products are only available through our online dealing platform.)<\/p>\nTypes of Binaries<\/h3>\n All Binaries settle at either 0 or 100, but there are different criteria to be satisfied for different types of Binaries.<\/p>\n
Some Binaries require a certain criterion to be satisfied upon expiry, e.g. FTSE to finish up on the day. Others require that a certain criterion be satisfied any time before expiry, e.g. Wall Street to touch 10800 before 6pm.<\/p>\n
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Up or Down<\/h3>\n An Up or Down contract is as simple as it sounds. A ‘FTSE to finish Down’ contract will settle at 100 if the FTSE’s closing price is down on its opening price. In the same way, that contract would settle at 0 if in fact the FTSE finishes up.<\/p>\n
For a look at how particular Binary types work, see our\u00a0examples\u00a0page.<\/p>\n
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Ladders<\/h3>\n A Ladder contract is a specific type of Up or Down contract, but has the condition that the underlying market will finish above a stated level. For example, a ‘FTSE to finish above 5800’ Ladder will settle at 100 if the FTSE finishes the day above 5800 and at 0 if the FTSE finishes below 5800.<\/p>\n
For a look at how particular Binary types work, see our\u00a0examples\u00a0page<\/p>\n
Targets<\/h3>\n A Target contract is an even more specific type of Up or Down contract, in that it requires the market to finish in a particular range. For example, a ‘FTSE to finish down 60-70pts’ contract will settle at 100 if the FTSE closes down by between 60 and 70 points or at zero in all other cases.<\/p>\n
For a look at how particular Binary types work, see our\u00a0examples\u00a0page.<\/p>\n
Hi-Lo<\/h3>\n A Hi-Lo contract is similar to a Target contract, except it concerns the day’s high or low point, not the closing price. It is simply a question of whether the day’s high or low will be a given distance from the previous closing level, for example ‘FTSE cash high to be +50 to +60’.<\/p>\n
OneTouch<\/h3>\n A OneTouch contract asks whether the market will touch or go through the barrier level at any time before the stated expiry. The market will settle at 100 if the level in question is breached before expiry and will settle at 0 if the level is not breached before expiry.<\/p>\n
Tunnels<\/h3>\n A Tunnel contract hinges on whether a market will stay within two given barrier levels for the full period to expiry. For example, a Tunnel contract might read ‘FTSE to keep in range -50 to +50’, meaning the position will settle at 100 if the FTSE stays within 50 points either side of its opening price. Similarly, the position will settle at 0 if at any point during the day the price is outside of the tunnel.<\/p>\n
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Spreads<\/h3>\n We offer a range of variable spreads on Binary contracts.<\/p>\n
You can trade on weekly, daily, hourly and 20-minute Binaries, as well as exotic Binaries that can expire throughout the day if a certain price is met.<\/p>\n
Most Binary markets will have a spread of between four and six points. As prices move towards 50-50 the spread will be closer to six and as prices move towards 0 or 100 the spread will tend to the lower end of the scale. Often, the spread will increase above the given range at the very end of a market if the price is close to 50\u201350.<\/p>\n
Limited Risk<\/h3>\n All Binaries are strictly limited risk. Either way, your loss is limited to the difference between the opening value and the closing value (either 0 or 100) multiplied by your stake.<\/p>\n
So if you buy a binary, your loss cannot exceed (your stake x the buying price); if you are selling, your loss cannot exceed (your stake x (100-the selling price)).<\/p>\n
For more details on the risk involved in Binaries, see our\u00a0examples\u00a0page.<\/p>\n
Regulation<\/h3>\n Forex brokers Canada Ltd is authorized and regulated by the Financial Services Authority. FSA number 195355.<\/p>\n","protected":false},"excerpt":{"rendered":"
Binaries are an exciting way to trade on volatility in the underlying market. We offer various types of Binaries across a range of exciting markets. What is a Binary contract? A Binary contract is based on the performance of a financial market over a specific time, with only two possible outcomes. Contracts are priced between […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"templates\/sidebar-right.php","meta":{"footnotes":""},"yoast_head":"\n
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