Binary betting is a way to trade the markets by making yes/no decisions about whether a particular event will occur or not.
Every binary trade has a maximum profit and loss so traders know their upside and downside before placing a trade. The new GFT binary betting platform was designed specifically for binary traders.
BinariesEvery aspect of the new binary betting platform, including the revolutionary DealWheel trading tool, has been developed in order to let investors react quickly to fast moving binary markets.
“As with all GFT platforms, the binary betting platforms is user friendly, well presented and backed up by excellent customer service,” stated a GFT customer during the beta launch of the binary platform.
Types of Binary BetGFT’s binary betting platform offers the popular forex, index and commodities markets across a range of time periods including:
- 5 minute binaries
- 20 minute binaries
- 60 minute binaries
- Mid-session binaries
- Daily binaries
- Up/Down binary bets
- Ladders binary bets
- One Touch binary bets
- Double Touch binary bets
- ‘Either/Or’ binary bets
Binary Trading AppsNote you can normally trade binaries using apps for the iPad, iPhone and Android based devices
With IG you can now also trade binaries on your Apple Watch.
Risks with Binary TradingPlease note that binary trading is risky and not suitable for everyone. As with all trading, do not speculate with more than you can afford to lose.
Binary Sprint MarketsIG also offer Binaries including ‘Sprint Markets’. According to IG, these are ‘super fast binaries which can be used to exploit a flat market’.
Please see the video below for a quick one minute introduction:
Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.