Binary trading mobile guide

Learn how to trade binaries with our step-by-step online guide for iPhone, iPad and Android apps.

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To start trading binaries on the go, you’ll need to download the CMC Markets Apple or Android™ app on your mobile. Then open the app and choose ‘Binaries’ from the product library. If you already have the app, please ensure you have the most up-to-date version to enable access to binaries.

Product grid

  1. Product grid - To launch the binaries module, choose binaries from the product library or from the main menu. The Daily Ladders product grid will be displayed by default, but it will then remember your last view for future use.
  2. Filters - Tap the filter icon to view by type (choose between Ladder, One Touch, Up/Down and Range), expiry (five minutes to weekly depending on the binary type) and asset class.
  3. Popular binaries - Within the menu, there are quick links to our most popular binary types and expiries.
  4. Sort products - Sort the product grid by alphabetical order or by products with the best or worst performance.
  5. Product squares - Each square shows the number of open positions (if any) in that instrument, the live daily performance, current settlement price and the expiry time and date. The settlement price is greyed out when the product is not available to trade.
  6. Open positions & history - Choose 'Positions' to see all your current open trades and 'History' to see the outcome of settled binary trades.
  7. Launch a strike price list - Tap on a square to load a list of applicable strike prices to choose from, with the strike price closest to the current settlement price in the middle. Tap on the strike price row to view the chart of a selected expiry, and then scroll through different strike prices using the up/down arrows.
  8. Launch an order ticket - Choose a strike price and tap the sell or buy price buttons to launch a binary order ticket
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Order ticket

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  1. Order ticket display -The order ticket shows the binary expiry and current settlement price at the top of the screen.
  2. Buy or sell - You can switch between buying and selling by selecting the quoted prices within the ticket.
  3. Strike price & type - View the selected strike price and binary type underneath the sell and buy prices.
  4. Enter trade size - Enter a trade size into the size field manually, or use the minus and plus signs to choose from a range of predefined sizes.
  5. Amount & maximum profit - The amount field will show the amount at risk (the maximum amount you could lose per trade). Please note, this amount will be deducted from your account when placing the trade. The maximum profit field will show you the maximum potential profit.
  6. Currently open positions - Below the ticket any currently open positions with the same expiry and strike price are displayed.
  7. Return to strike price list - Select the back icon in the top left or the strike price to close the order ticket and return to the strike list.
  8. Pre-order confirmation - When the ‘Place Order’ button is selected, a pre-confirmation request prompts the user to hit the button again to confirm the order. This step can be turned off in the settings menu, so future binary trades are placed with a single tap.
  9. Order confirmation - Once the order has been placed, an order confirmation window displays the details of the order. Closing the order ticket will take you back to the product grid or you can return to the strike list by selecting that option.

Open positions

  1. Positions tab - You can view open positions using the ‘Positions’ tab at the bottom of the screen (or at the top of screen for Android users). Positions are grouped by binary expiry time; tap the relevant expiry time to display a list of corresponding open positions. Positions are then ordered by: instrument (A-Z); then by binary type (Ladders, Up/Down, One Touch, Range); and finally by strike price. Choose the back button to return to the list of other binary expiry positions.
  2. Expiry time - Individual expiries are shown as a circle with the expiry time (or date if more than 24 hours to expiry). The bold outer circle graphic displays the approximate remaining duration until expiry. If the aggregate of all positions in the instrument and expiry are in profit, the circle will be green; if in a loss, it will be red.
  3. Product row - Alongside the instrument and time to expiry, the settlement price and current profit or loss for that expiry are displayed.
  4. Position row - Each binary type and strike price has its own individual row showing binary type icon, expiry and current buy/sell prices. The second row shows an aggregate position, detailing direction, total size, average entry price and current unrealised P&L.
  5. Add to a position - To add to a position, tap on the live streaming buy price (if you bought the binary) or sell price (if you sold the binary) next to the strike price.
  6. Close or reduce a position - Select the red close-out ‘X’ to bring up an order ticket. You can close the individual or aggregate position by choosing the X on the applicable row. To partially close a position, reduce the size of the trade. The button copy will change to confirm that the trade is about to be reduced rather than closed.
  7. View a chart - To view a chart displaying the binary position, tap on a strike price area within the positions window. This will load a chart displaying details including a trade triangle showing where you have entered the position and its direction, the strike price, expiry time and the current and historical settlement price.
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History

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  1. Closed positions - Choose the ‘History’ tab at the bottom of the screen (or from the top for Android users) to view your settled binary positions, in chronological order and separated by date. See the buy/sell price, units, the settle price, buy/sell time, settle time, binary type, and profit or loss.
  2. Binary outcome - The circle icon of the binary displays whether it was settled in profit or loss, and whether or not it was settled prior to expiry.
  3. Chart history - Select an expiry in the history panel to load a chart of that binary position, which will show the history of the order, including the buy/sell time (trade triangle), any relevant strikes, plus the settle price and time.

Overview & settings

  1. Product overview - When you have selected an instrument from the product grid, an information icon will appear in the top toolbar. Tap the icon to view product-specific information like available binary types, trading hours, trading and position limits and the pre-close time period.
  2. Settings - Select the settings cog icon in the top right of the screen at any time to access the binary settings menu.
  3. Order settings - You can choose for the platform to remember the trade size of your last binary order, and activate (or deactivate) a pre-confirmation for each trade.
  4. Loss limits - Set a maximum loss limit to restrict the maximum losses you can incur on the account within selected binaries and Countdowns expiries (loss limits are calculated by netting winnings against losses). Should the limit be exceeded you will be prevented from further placements of binary and Countdowns orders.
  5. Chart type - Choose from one of three chart types which will then be displayed by default in the binaries module.
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*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.

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