Binaries are the exciting new way to bet on financial events: fast-moving yes/no propositions on an index from 0-100.
IG Index were the inventors of Binary betting, and continue to lead the way with more Binaries on more markets than anyone else.
How Binary betting works
Binaries are a special type of bet that allow you to trade on the performance of a financial market over a specific time with only two possible outcomes, either settling at 0 or 100.
For example, we might be quoting a Binary on whether the FTSE 100 will settle up on the day. If the event occurs (in this case, FTSE settling at a higher price than the previous day's close) the bet settles at 100; if it does not, the bet settles at 0. These are the only two possible settlement prices.
Binary betting brings even the dullest market to life. Small movements in the underlying market are magnified in the Binary price, particularly in the period just before expiry, and yet your level of risk is always certain. This makes the Binary bet the ideal product for high-gain, short-term betting.
Binaries give you a simple win-lose proposition, just like a traditional fixed-odds bet. Except that you can also close your bet out before the final settlement, to cut your losses or take your profit early. Because instead of quoting odds, we quote a continuous two-way price for every Binary bet.
You should note that Binary Trading is not subject to regulation by the Financial Services Authority. Please click for information on Responsible Gambling. In respect of Binary Bets, IG Index plc is licensed and regulated by the Gambling Commission. License number 066-002628-R-103649-002.