Binary trade types

Choose from four types of binaries and trade across popular forex, index and commodity instruments.

Apply now to start trading

Open a live account

Losses can exceed your deposits

Types of binaries

Binaries are priced between 0-100 and allow you to speculate on whether or not an event will occur at or before expiry, with two possible outcomes: yes or no. Generally when entering a binary trade, if the price is closer to 100 the event is more likely to occur, and if the price is closer to 0 then the event is less likely to occur. The outcome of a binary is determined against the reference price, known as the settlement price.

CMC Markets

Ladder

Decide whether the settlement price will be at or above the specified strike price at the end of the binary expiry. Read more

CMC Markets

One Touch

One Touch binaries ask whether the settlement price will reach a specified strike price before or at the end of the binary expiry. Read more​

CMC Markets

Up/Down

Choose whether or not the settlement price will be at or above the previous period's close at the end of the binary expiry. Read more

CMC Markets

Range

Range binaries ask whether the settlement price will be within a specified range at the end of the binary expiry.
​​Read more

Binaries product details

Ladder One Touch Up/Down Range
Forex
AUD/JPY Yes   Yes Yes
AUD/USD Yes Yes Yes Yes
EUR/GBP Yes   Yes Yes
EUR/JPY Yes   Yes Yes
EUR/USD Yes Yes Yes Yes
GBP/JPY Yes   Yes Yes
GBP/USD Yes Yes Yes Yes
USD/CHF Yes   Yes Yes
USD/JPY Yes Yes Yes Yes
Indices
France 40 Yes   Yes  
Germany 30 Yes   Yes  
Italy 40 Yes   Yes  
Spain 35 Yes   Yes  
UK 100 Yes Yes Yes Yes
US NDAQ 100 Yes   Yes  
US 30 Yes Yes Yes Yes
US SPX 500 Yes   Yes  
Commodities
Crude Oil WT Yes   Yes Yes
Gold Yes   Yes Yes
Silver Yes   Yes Yes
CMC Markets

Ladder

Will the settlement price be at or above a specified strike price at the end of the binary expiry?

You choose whether to buy or sell from a number of pre-determined strike prices. If at the end of the binary expiry the settlement price is at or above your selected strike price, the binary will settle at 100. Alternatively, if the settlement price is below your selected strike price when the binary expires, the binary will settle at 0. In this example of a Ladder we're buying the binary, so the USD/CAD settlement price must finish at or above 1.327100 at 8pm.

CMC Markets

One Touch

Will the settlement price reach a specific strike price before or at the end of the binary expiry?

The settlement price only has to touch the strike price once for the binary to immediately settle at 100. If the strike price is not touched before or at the end of the binary expiry, it will settle at 0. In this example of a One Touch we're buying the binary, so the AUD/JPY settlement price must reach 84.3200 at or before 8pm.

Demo account

Try CFD trading with virtual funds in a risk-free environment.

Live account

Access our full range of products, trading tools and features.

CMC Markets

Up/Down

Will the settlement price be at or above the previous day’s close at the end of the binary expiry?​

Up/Downs are a type of Ladder, with the event outcome determined in the same way. Generally, just one strike price is listed per binary, with the price set to the underlying instrument’s previous closing level. If at the end of the binary expiry the settlement price is at or above the strike price (the previous period's close), then the binary settles at 100. If the settlement price is below the strike price, the binary settles at 0. In this example of an Up/Down we’re selling the binary, so the GBP/USD settlement price must finish below 1.422905 at 8pm.

CMC Markets

Range

Will the settlement price be within a specified range at the end of the binary expiry?

For a ‘yes’ outcome and the binary to settle at 100, the settlement price must finish below the upper strike price and at or above the lower strike price. If the settlement price is outside the 'range', the outcome will be 'no' and the binary will settle at 0. In this example of a Range we’re selling the binary, so the EUR/USD settlement price must not finish between 1.102200 and 1.111000 at 8pm.

*Awarded 'Best Online Charts', MoneyAM Awards 2013; 'Best Mobile/Tablet App', Investment Trends 2014 & 2015 UK Leveraged Trading Report, based on highest user satisfaction among spread bettors, CFD traders and FX traders; 'Best Mobile/Tablet Trading Application', Shares Awards 2015; 'Best Mobile/Tablet Application', 2015 Online Personal Wealth Awards.

^The chart forum is not intended to issue financial promotions, provide investment advice or encourage users to engage in investment activity. Any content posted by us will not have taken your circumstances into account. We are not liable for any course of action you may take or refrain from taking, or any loss or damage suffered by you, as a result of relying on any information provided on the chart forum.

Demo account

Try CFD trading with virtual funds in a risk-free environment.

Live account

Access our full range of products, trading tools and features.

Land Rover BAR

As official partner of Land Rover BAR we’re backing Sir Ben Ainslie’s team to bring the America’s Cup home.

Find out more

NSW Waratahs

We’re proud to support Super XV Rugby giants the NSW Waratahs, one of Australia’s most iconic teams.

Find out more

TOP

This website uses cookies to improve your experience and access our trading platform. You can manage cookies in your browser settings or continue to use the site as normal.

x
CFD trading can result in losses that exceed your deposits. Ensure you understand the risks.