There is low commission to pay on our binary trading; the only charge is $15 per side.

The details of our FX and Commodity Binary contracts are given in the following table:

Binaries Information Table

Notes to table

Binaries are cash settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Product Disclosure Statement as a Binary Option.

1) The price quotation for each Binary is expressed in points. If the outcome described by the Binary occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero.

2) The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.

3) For the purpose of Binaries, all spot rates will be rounded to the nearest pip and commodity settlement prices will be rounded to the same number of decimal places as the relevant reporting exchange. If a market settles exactly on a Binary barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if the Gold futures on COMEX finish exactly unchanged from the previous settlement, Gold to rise will settle at 100 and Gold to fall will settle at 0.

4) The margin required for a Binary or collection of Binary on a given market will be equal to the maximum potential loss from that Binary or collection of Binary.

5) Currency Binaries settle basis the achievement of specified price changes in the spot rate concerned at 20.00 London time each day. The level used for settlement will be the first print recorded by Bloomberg (E&OE) at 20.00 London time for the relevant currency pair.

6) US Light Crude Oil Binaries are normally quoted until 5 minutes before the close of the Crude Oil futures on NYMEX. The closing time of the NYMEX Crude Oil futures is normally 14.30 New York time. Binaries are closed basis the official daily settlement price of the Crude Oil futures as reported by NYMEX.

7) Gold Binaries are normally quoted until 5 minutes before the close of the Gold futures on COMEX. The closing time of the COMEX Gold futures is normally 13.30 New York time. Binaries are closed basis the official daily settlement price of the Gold futures as reported by COMEX.

8) Silver Binaries are normally quoted until 5 minutes before the close of the Silver futures on COMEX. The closing time of the COMEX Silver futures is normally 13.25 New York time. Binaries are closed basis the official daily settlement price of the Silver futures as reported by COMEX.

9) Times shown in the table are local times, unless otherwise specified.

Exotic Binaries

The details of our Exotic Binary contracts are given in the following table:

N.B. Wall Street and FTSE 100 times are expressed in London time.

Binaries Information Table

Notes to table

Binaries are cash settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Product Disclosure Statement as a Binary Option.

1) The price quotation for each Binary is expressed in points. If the outcome described by the Binary occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero.

2) The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.

3) For the purpose of Binaries,  Wall Street Index prices will be rounded to two decimal places. Australian Stock Index and FTSE 100 Index prices will be rounded to one decimal place. If a market settles exactly on a Binary barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if Wall Street closes exactly 20 points down, the Wall Street to finish down 0-20pts will settle at 100 and Wall Street to finish down 20-40pts will settle at 0.

4) The deposit required for a Binary or collection of Binaries on a given market will be equal to the maximum potential loss from that Binary or collection of Binaries.

5) Daily Wall Street Binaries close at 16.00 (New York time). Note that all trades will be closed basis the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 16.00 price of the underlying index.

6) Daily FTSE Binaries normally close at 16.30 London time. Note that, although the UK market typically closes at 16.30, all Binaries will be closed basis the official daily settlement, which is in turn dependent upon the daily closing auction. This official settlement price is typically made public around 5 minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.

7)  12.00 FTSE Binaries settle basis the achievement of price changes in the cash FTSE from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 12.00 London time. Trades will be accepted from 17.00 London time of the previous trading day until 1 minute before expiry.

8)  18.00 Wall Street Binaries settle basis the achievement of price changes in the cash level of Wall Street from the previous official settlement to the first new print recorded by Bloomberg (E&OE) at 18.00 London time.

9) Hourly FTSE Binaries settle the basis of achievement of price changes in the cash FTSE from the first new print recorded by Bloomberg (E&OE) at the first named time to the first new print recorded at the second named time. For FTSE previous close to 9am the change is measured from the official settlement in the previous day's market to the first new print recorded at 09.00 London time. All times for Hourly FTSE are London times. Trades will be accepted until 1 minute before the second named hour. Trading for the following day begins 5 minutes after the second named hour. For FTSE previous close to 9am, trades will be accepted from 30 seconds after the opening of the underlying market. The opening time for the FTSE is typically 08.00 London time. For all other Hourly Binaries there is a 5 minute gap where trades will not be accepted that starts 2 minutes before the first named hour.

10) OneTouch, Hi/Lo and Tunnel Binaries are quoted during the trading hours of the underlying market only. Trades will be accepted until 1 minute before the close of the underlying markets.

11) 'Five-minute FTSE Frenzy': trades will be accepted 30 seconds after the start of each 5-minute period until 30 seconds before the second named time (i.e 30 seconds before expiry of the 5-minute period in question). Trades settles basis the achievement of price changes in the cash FTSE 100 over specified 5-minute periods. This change is measured from the first new print recorded by Bloomberg (E&OE) at the first named time to the first new print recorded at the second named time.

12) OneTouch trades settle at 100 if the level of the index specified in the name of the trade is touched at any point up to and including the official market settlement (or the first print of the index at the specified time for 12.00 FTSE OneTouch and 18.00 Wall Street OneTouch), prices being as recorded by Bloomberg (E&OE).

13) HiLo trades: High trades settle at 100 if the highest net change of the index relative to the previous trading day's settlement level lies within the band specified in the name of the bet. Low bets settle at 100 if the lowest net change of the index relative to the previous trading day's settlement level lies within the band specified in the name of the trade.

14) Tunnel trades settle at 0 immediately if the net change of the index relative to the previous day's settlement level exceeds the band specified in the name of the trade. Trades settle at 100 only if the net change remains within this band right up to and including the offical settlement level.