Jump to content


Guest Zero

Recommended Posts



Just a quick question on behalf of a friend:  How many binary contracts would a new client (or a client) expect to be able to trade?  Under 10, more than 10?  More than 5?  


Do any traders here use binaries - and if so are you profitable -  or does everyone now trade Crypto (boring!) ?


Thanks to anyone (or IG) for your experience/help.    

Link to comment

I am assuming that no one trades binaries, either successfully or unsuccessfully.


I've been "away for a while" and on return wonder ? what do traders do around here - does anyone trade consistently and profitably?


? Why doesn't anyone go nuts about binaries - I mean it's a big deal if an asset price drops by 50%, yet every 20mins with binaries there are opportunities to make that kind of return.  Fair enough, the liquidity is probably not the same, but then the fairness of the analogy depends on the trader and also the opportunity.  You might get one move in a crypto that is close to 50% in 4 months say, yet every 20mins on the ASX it is theoretically possible.  Easily 5 or 6 per day.  And then there's the 3:1 moves, eg. buy for 30 sell for 100.  Sometimes buy/sell 20/80 close out at 100/0.  They're rare, and almost washed out by IG's spread.  But if Bitcoin fell from 8000 to zero everyone would be talking... 


Quantum Computers might have a say in that, but that's another topic...


Binaries are under-appreciated in my opinion anyway.  


Still wondering what IG's current liquidity offering is for binaries however, if anyone knows...?

Link to comment

Hi  - Hmm - good point.  They have re-named them Digital 100's as you've said.  My platform, the old one - still has them as when they were called Binaries.  They have culled the one-touch, but apart from that all the same.  Yet on the new platform (maybe UK based) they seem to offer less binaries for the ASX.  Not sure about other markets.  


The name change is perhaps more fitting with the popularity of crypto (even though they are unrelated) - yet the thing that I would be annoyed at (if I was a hard-core IG Client) is that they've copied CMC (it seems) which is dumb because IG were way way way ahead of any other broker with their "binaries".  Yet they've come down a level with their binaries to be more in line with someone like CMC (who when they first brought them out called them digital something - maybe digital 100's also).  


But you're correct - I should be calling them Digital 100's.  From my platform and for the ASX the underlying thing to trade is still pretty much the same - spreads a bit wider, and IG much more on the ball with their pricing.  But the profit potential pretty close to what it was, and the structure of the digital 100 the same as the corresponding binary when it was so called. 


Thanks for the comment - cheers.

Link to comment

Hey all. So the Digi 100's 'max size' will be variable depending on which markets and what time of day you'll be trading. As an example, you should be able to get £120/pt (which at one contract being A$10 is the equivalent to over 20 contracts) in a single click. This is obviously subject to change if the session has just opened, in a volatile event, or is towards the end of day. Obviously you can trade smaller clips, and multiples of smaller clips (for example if you traded 5 lots, you could trade 5 times to get 25 lots worth). 



Link to comment

Hi  Thanks for the clarification.  Quite helpful.  


Anyone reading this should be impressed - 20contracts for a binary (per clip as they say - so probably 30sec) is amazing for any trading instrument.  This afternoon the ASX went sideways for 3 hours.  Try and CFD that - but a "digital 100" 10pt range at 20 contracts or more, probably could have paid 50 for the range you wanted (or less).  Or sell the ladder at the top of the range (which was obvious today of all days, for 50, and then by now your 20 contracts would be worth $10,000 (just over 5000 pounds). It will expire at zero too, so you'll make the $ for the sold binary (will close in 4 mins but anyway I'm calling it).  


Maybe I should post free ASX trades here somewhere.... 


Thanks again James.

Link to comment


This topic is now archived and is closed to further replies.

  • General Statistics

    • Total Topics
    • Total Posts
    • Total Members
    • Most Online
      10/06/21 10:53

    Newest Member
    IPS Temp Admin
    Joined 06/10/22 15:40
  • Posts

    • Commodity Markets: Forex, Bonds, US Gold, Silver, Iron Ore,Copper Lithium,Nickel, Crude Oil, Natural Gas. Elliott Wave   Commodities Market Summary: The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections.   Trading Strategies: No strategies as markets are in small corrective patterns.   Video Chapters 00:00 US Gov Bonds 10 Yr Yields 00:44 US Dollar Index DXY USDJPY, EURUSD, AUDUSD 05:50 US Spot Gold / GDX ETF 08:41 US Spot Silver 11:20 US Copper / Lithium / Nickel / Iron Ore 19:01 Crude Oil 21:21 Natural Gas 27:11 End   Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817   Source: tradinglounge com Access Trial here... buy 1 month Get 3 months              
    • Hi @AndaIG, Please could the [LOUP] Innovator Deepwater Frontier Tech ETF be listed and made available for the ISA tax wrapper, pretty please? Many thanks, Sam
    • Look ahead to 31/5/23: China PMI; France GDP; Germany CPI Economic data is key on Wednesday. It starts in Japan with retail sales, followed by Chinese PMI.  Jeremy Naylor | Analyst, London | Publication date: Tuesday 30 May 2023  IGTV’s Jeremy Naylor looks at the chances that the Chinese yuan will weaken further as it becomes more and more obvious that the recovery in China is further away than initially expected. Then in the eurozone we’re looking at the CAC 40 and DAX as growth and inflation data is released. The only corporate on the schedule is from stationers, WH Smith.          
  • Create New...