15 mins to 15 hours
Tradable assets: Commodities, Currencies, Stocks and Indices.
Potential payout percentage:
Up to 85%
As the name suggests, Classic Binary Options offers traders the most classic form of binary trading. To trade with the tool, traders only need to predict the future price movements of underlying assets. Binary options can be placed on virtually any financial product across currencies, commodities, stocks and indices.
For example, Gold is seen trading at 1233.926 at 09:30 GMT. When using the classic tool, the trader has to predict whether the price of the commodity will rise or fall by the chosen expiry time. The potential return is known before the investment is made.
Let’s say the trader opts for an expiry time of 15 minutes and decides that the price of Gold will fall by then. He or she places a PUT option on the asset. The investment amount for this trade is $25 and the potential payout percentage is 78%.
If at 09:45 GMT, the price of Gold is 1233.925, the trader wins the trade and $44.50 is credited to his or her account. On the other hand, if the price of the commodity is spotted at 1233.930, the trade will be Out-of-the-Money and the trader loses his initial investment.
To use Classic Binary Options, log in to your account and head to the Trading Platform. Once there, locate the tool on the toolbar. Then follow the steps below:
Choose an underlying asset from stocks, currencies, commodities and indices.
Place a Call option if you think the price of the asset will rise by Expiry Time or place a Put option if you think the price will fall.
Click Apply on the Trade Approval window.
Or have a look at our other trading tools: