If you already have a GO Markets' live trading account and trade Forex with us, simply register yourself below to gain access to Binary Options and we'll send you instructions on how to get started today.
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Binary Options ("Binaries") allow traders to speculate on the direction of a given instrument by using either an "UP" trade or "DOWN" trade within your preferred time period.
You speculate that the EUR/USD pair is due to fall in the next hour and decide to place $100 'DOWN' trade. If EUR/USD falls as you anticipated, then you gain 70 percent of your initial deposit. However, if your view is incorrect and the market rises, you lose your whole initial outlay.
Between 60% and 80% potential return on successful trades.
Multiple Time Frames
Enjoy expirations of 1, 2, 5, 10, 15, 20, 30 and 60 minutes.*
You can trade from as little as USD $5.
Define Your Maximum Value at Risk
You can trade according to your risk profile and understand your maximum downside before you place a trade.
$500 trades accepted on major currency pairs on a 5-minute (and above) expiry time.
You can trade binaries directly from your MT4 platform.
*Subject to change depending on your jurisdiction.
The return on a successful trade depends on the time to expiry (contract maturity). For example, a trade with a 30 min to 1 hour expiry will yield 70% with percentage return increasing to 75% for a trade between 5 and 15 minutes. The highest return of 80% applies to a binary option with one minute expiry. It is important to note that in periods of low volatility, the percentage return may be reduced. The lowest return is 60%.
One of the benefits to trading binaries is your ability to understand your maximum potential downside from the outset, without unforeseen occurrences such as slippage. This means if you have chosen to trade to the value of $50, this is the maximum you can lose regardless of the market conditions.
One of the most popular style for binary trading is the "Up/Down" binary option which asks the question of whether the underlying market instrument that you've chosen to trade will be higher or lower at the expiry time.
For example, you speculate that AUD/USD will be above 1.5060 in 60 seconds. If at expiry, AUD/USD rises and is now quoted at 1.5065, then you make a profit.
The "Short Term" binary options are the same as the "Up/Down" binaries, however they are set at shorter intervals (less than 15 minutes).
· Binary Option EAs are not supported on 1 and 2 minutes expirations on the live platform.
· Binary Option EAs that result in transactions flooding our systems will be blocked to prevent service disruptions to our clients.
· Binary Option EAs are not available on the demo platform.
While binaries may be deemed as ‘limited risk’ in nature (given the margin required is the maximum you can lose), it in no way ‘limits’ the traders ability to take multiple trades and sustain multiple losses.
Binaries are also very simple to trade, however, the movement of the underlying asset is often subject to very complex themes, which have an impact on the success of your trade.
As with all trading instruments, GO Markets encourage our clients to carefully assess the risks associated.
GO Markets provide a tradable price based on the underlying spot (mid) price of a currency pair. Market volatility and the time until the contract expiry are two important factors which affect the rate of return. The price in which we provide on our platform, is set by GO Markets and not provided by an underlying exchange or an external liquidity provider. Because we set the price, we cannot offset or ‘hedge’ your position in the same way we can across other trading instruments (FX, Commodities and Indices). GO Markets are therefore exposed to the outcome of your binary trade. Unlike other types of options (such as exchange traded options), Binaries do not give the trader the right to purchase or sell an underlying asset.
Binaries are settled based on the mid-price at expiry. If at expiry the binary strike price is equal to our mid-price, for settlement purposes the outcome is considered a draw and you receive your initial outlay in full.
Trading Forex and Derivatives carries a high level of risk, including the risk of losing substantially more than your initial expenditure. Also, you do not own or have any rights to the underlying assets. The effect of leverage is that both gains and losses are magnified. You should only trade Forex if you can afford to carry these risks.
GO Markets Pty Ltd does not guarantee the performance or return of capital. You should only trade in risk capital (that is, capital you can afford to lose). Please note that the historical financial performance of any underlying instrument/market is no guarantee or indicator of future performance.
Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Financial Services Guide (FSG) and Product Disclosure Statement (PDS) for our products are available from GO Markets Pty Ltd to download at this website or here, and hard copies can be obtained by contacting the offices at the number above.
Please also note that your call may be recorded for training and monitoring purposes. Any advice provided to you on this website or by our representatives is general advice only, and does not take into account your objectives, financial situation or needs. You should therefore consider the appropriateness of our advice before making any decision about using our services. You should also consider our PDS documents before making any decision about using our products or services.
The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
The GO Markets AFSL authorises us to provide financial services to people in Australia. However, GO Markets complies with the obligations arising from our AFSL in respect of the financial services provided to all of our clients, including those who reside outside of Australia.
This website is owned and operated by GO Markets.
All contents © 2017 GO Markets Pty Ltd. All rights reserved. AFSL 254963. ABN 85 081 864 039. ACN 081 864 039.