About Binary Options - Tradorax Partners
A binary option is a type of option where the payoff is structured to be either a fixed amount of compensation (If the option expires in the money), or little to nothing (if the option expires out of the money). The success of a binary option is thus based on a yes/no proposition, hence “binary”. A binary is exercised automatically, meaning the option holder does not have the choice to own the option, but rather to merely buy or sell the underlying asset.

Advantages of Binary Options

Simplicity – traders simply need to make a prediction whether a price of an asset will go up or down. In addition, the expiry times can be very short, which can make the outcome easier to predict.
Wide asset portfolio - with Binary Options, you are not limited to one type of asset. You can trade currency pairs, indices, commodities and stocks. So, if you want a flexible option (one that will enable you to trade on multiple markets), then Binary Options is for you.
Limited risk and predetermined returns –  a binary options returns is predetermined, therefore the potencial risk and the potencial profit are know in advance.
Fast turnover rate – the expiry time for Binary Options is typically less than an hour but can be a month or longer also. Most traders trade 15-30 min. options. There are 60 sec. options as well, for those who want immediate results. This variety gives traders opportunity to choose how fast they can make profit. Returns on underlying assets can be as high as 85%.
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