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Email: newaccounts.is@ig.com
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Digital 100s
Trade based on whether you think a statement will prove true or false, with our range of digital 100s.
Who can trade digital 100s?
From 2 July 2018, regulatory interventions mean that certain products are unavailable to retail traders. As a result, we can only offer digital 100s to professional traders. To find out more about this, and to check whether you are eligible for a professional account, please see our professional account page.
What are digital 100s?
Digital 100s are based on a single statement with a yes or no answer, and enable you to speculate on the likelihood of a market event taking place. If you predict the outcome correctly, the trade will return a profit. If not, you’ll lose your original stake.
For example, a typical digital 100 statement might be ‘FTSE 100 to finish up’. You’re then presented with the option to buy the digital 100 if you think the FTSE will be up at the end of the trading day, and to sell if you think it won’t.
The price of a digital 100 ranges from 0 to 100. This price reflects our view on the probability that this event will occur, based on the behaviour of the underlying market and how long the digital 100 has until it expires. The more likely we think it is that the event will occur, the closer the price will be to 100.
If the digital 100 statement is true (in this case, if the FTSE finishes up), the price settles at 100. If it isn’t true (ie if the FTSE finishes down or doesn’t move), it settles at 0. Your profit or loss depends on the amount per point you’ve staked, and the difference between your opening price and the digital 100’s closing price.
How are IG digital 100s priced?
Our digital 100 prices are set by our dealing desk, set on three key factors:
- The time to expiry
- The current value of the underlying market
- Our expectation of future volatility
Each of these factors impacts the chances that a given market event will occur. The higher we think these chances are, the closer the digital 100’s price will be to 100 – and vice versa. And if you think you’re a better judge of volatility than us, digital 100s are a great way to back your view.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.