Binaries and options

Fast-paced, time-capped, limited-risk markets

Our pioneering binary markets give you an exciting and different approach to trading.

  • Fast-moving: profit from short-term movements with exciting five and 20-minute binaries
  • Limited risk: know your maximum potential profit and loss before you trade
  • Unrestricted by volatility: take a position even in the flattest markets

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What are binaries?

Binaries are based on a single question: "will the underlying market do X before the binary expires?"

At expiry, if the answer is yes, the binary settles at 100. If the answer is no, the binary settles at 0.

Until expiry, we make a price between 0 and 100 which you buy or sell depending on whether you think the answer will be yes or no.

This price will drift towards either 100 or 0 as it gets closer to expiry. You’re not tied in until expiry, and can close your position whenever you want.

Their fast-moving nature provides the possibility of short-term gains, alongside any potential losses. Although binaries are limited risk, you should be aware that there is still the potential to make substantial losses as well as gains. 

See our range of binaries

For the full range of binary markets we offer, see our contract details.  

View all our contract details


Let's say the FTSE 100 opened at 6427.64

At 1.36pm our Daily FTSE 100 ‘Up’ binary is at 42.6/46.4

You think the FTSE will finish up, so you ‘buy’ £10 at 46.4

Maximum profit 
53.6 x $10 = $536

Maximum risk 
46.4 x $10 = $464

Why trade binaries?

  • If you want to create exciting, short-term trading opportunities
  • If you want to trade with limited risk
  • If markets are flat but you want to trade on volatility

Who trades them?

Traders with a strong conviction
If you’re convinced of a particular outcome, and you think we’ve missed something in making our price

Traders looking to limit their risk
If you’re looking for high return on an unlikely scenario, but with limited risk

Traders looking for exciting short-term opportunities
If you’re expecting markets to move but don’t know which way, you can trade on volatility. 

What can I trade?

5 min/20 min

1 hour


End of day/ weekly/monthly

FTSE 100
Germany 30
Wall Street
FTSE 100
Wall Street
Japan 225
Australia 200
Forex Forex, commodities, indices, shares and more


What kind of binaries are available?

One Touch

Will the underlying market touch a specific level before expiry?

Will the FTSE 100 touch 6500 by 4.30pm?


At expiry, will the underlying market be higher or lower than your chosen level?

Will the FTSE 100 be higher than 6500 by 4.30pm?


Will the underlying market’s daily high or low be within a specified range?


Will the underlying market close the day within a specified range?


Will the underlying market remain between two chosen levels until expiry?


Will the underlying market be higher or lower at expiry?

Our most popular binary

Everybody has an opinion on whether the FTSE will close up or down on the day. Our most popular binary market, the Daily FTSE  Up/Down, gives you a chance to profit from yours.

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How are they priced?

Our binary prices are based on the behaviour of an underlying market,
but set by us.

We make our price according to three factors: time to expiry, the underlying market’s current value, and our expectation of future volatility.

Because we make the market on our binaries, unlike many other markets this means that when you profit, we lose.

See our full product details

Why IG for binaries?

We were the first company to offer financial binaries, and we still offer market-leading prices and range of markets.

Whatever you prefer to trade on, you can be confident that we have a competitive binary on your market.

And with the reliability and quick execution of our market-leading trading platform, you’ll never miss an opportunity – even in fast-moving markets.

Why IG?


We offer one of the most comprehensive options markets in the industry, giving you even greater access to volatility.

Use options to trade on the future value of an underlying market. You 'buy' or 'sell' the ‘option’ to trade it at a certain price in the future. Because an option’s price is based on more than a market’s underlying value, it has the potential to give you volatility in flat markets.

Options can form an important part of a wider investment strategy and are a more complex product than binaries. 

See our full product details

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  • Explore our platform in a preview environment
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Open a demo trading account

  • Trade with $20,000 practice funds
  • Access charts and view live prices
  • Trade online or via our mobile apps

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Create an account

It’s free to set up your account and you can be ready to start trading in a matter of minutes.

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Buying the 'FTSE to finish up' binary

Underlying market/value

FTSE 100 6409.10

Our price

FTSE to finish Up (>6442.59) 13.8-16.9


Buy at 16.9

Trade size

One contract

Each contract is worth £10 per point

Margin required


Binary price x contract size x no. of contracts

What happens next? The market rises by the close. The official closing level of the FTSE, as reported by Bloomberg, is 6448.47
Underlying market 6448.47

Sell at 100

Gross profit


100 – 16.9 = 83.1

Value of one point = £10

£83.1 x £10 = £831

A (variable) spread of 3.1 points was applied to the opening spread price

Net profit

£831 profit subject to tax

What if... If the underlying market had dropped by the same amount and settled at 6369.73, the binary would have settled at 0 resulting in a loss of £169