There are many varieties of binary options. The simplest are fixed-payout options, in which the current marketplace cost is the strike price for the option. If the trade runs out in the money, the trader will received a set payout of 65-75% of their initial investment. On a losing trade, the trader will get a credit of up to 15% of their original investment amount. Binary options are typically by the hour, even though longer term options are available. The potential payment and loss of the option is dependent on the cost which it was bought. These binaries can additionally be traded intraday. Other varieties of binaries are available through UK spread wagering firms, such as One Touch and Up and Down binaries.
