Binary trading desktop guide

Learn how to trade binaries with our step-by-step online desktop platform guide.

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To start trading binaries on your desktop computer, log in to the platform and choose ‘Binaries’ from the top navigation toolbar, or within the product library.

Product grid

CMC Markets
  1. Product grid
    When the binary module is opened you will be presented with a product grid, showing which binary instruments and binary types are available, and the expiries available to trade. By default, Daily Ladders are displayed the first time you open the binaries product grid.
  2. Filters
    Filter 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
    We've included quick links to the 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
    Click on a square to open the relevant strike list in the area to the right, and a chart showing the binary details on the left.
  8. Launch an order ticket
    Choose a strike price and select the relevant sell or buy price buttons to launch a binary order ticket.

Order ticket

CMC Markets
  1. Order ticket display
    The order ticket will show the selected strike price, binary type and expiry.
  2. Buy or sell
    You can switch between buying and selling by selecting the quoted prices within the ticket.
  3. Enter trade size
    Enter a trade size into the field manually or use the minus and plus signs to scroll through some predefined sizes.
  4. 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.
  5. Current open positions
    Below the ticket any currently open positions with the same expiry and strike price are displayed.
  6. 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.
  7. 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 by selecting the check box. When checked, future binary orders are placed on a single click.
  8. Order confirmation
    ​Once the order has been placed, an order confirmation window displays the details of the order. Closing the confirmation will expand the positions view or you can return to the strike list by choosing the option at the bottom of the confirmation window.

Open positions

CMC Markets
  1. Open positions
    Open positions are displayed in the right-hand panel of the binaries module – the positions tab highlights the number of open binary trades. Positions are ordered by: closest to expiry; then by instrument (A-Z); then by binary type (Ladders, Up/Down, One Touch, Range); and finally by strike price. Expiries can be expanded or collapsed from the time/date row.
  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. 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.
  6. View a chart
    To view a chart displaying the binary position, click 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.

History

CMC Markets
  1. History
    Select the history tab to view your closed or 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. Order IDs
    Choosing this icon will load further details including order IDs for each individual binary order.
  3. 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.
  4. 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.
  5. Account history
    The account history tab displays your full binary order details.

Overview & settings

CMC Markets
  1. Product overview
    When a product is selected, choose the overview icon in the top right of the binary module to open a detailed product overview, including a matrix of binary expiry times and types available with the selected instrument.
  2. Type & settlement descriptions
    See a brief description for the selected binary type and a description of the settlement details.
  3. Trading hours
    View the trading hours for the selected binary expiry and type.
  4. Pre-close period
    View the pre-close period details for the selected binary type and expiry.
  5. Trading & position limits
    View the minimum and maximum trade size; maximum position permissible per instrument, expiry and type, and; maximum potential return (exposure) per instrument, expiry and type allowed concurrently across all binaries on an account.
  6. Settings
    Click on the settings icon in the top right of the platform to access your binary settings menu.
  7. 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.
  8. 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.
  9. Chart type
    Choose from one of four chart types which will be displayed by default in the binaries module.
  10. Additional chart settings
    Customise your default chart view by selecting one of up to six chart presets, inherited from the chart module.

*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 betters, 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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