Malaysia Forex: Binary options broker
If there is a point where gambling and the forex world are interspersed, this is definitely a binary option.
In their essence, binary options are not a bet on the currency or direction of stock price movements: when trading binary options, traders basically predict whether the price will go up or down - it's as easy as that.
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If the prediction is correct, the trader will pay a certain amount of money, known as payment or return. The average return for EUR / USD, for example, ranges from 75% and 85% of bets, depending on the broker. Here's an example: if you bet $ 100 and you win, you will be paid $ 185 ($ 100 + your return $ 85)
There are several types of binary options offered in the market. The most popular types are often called High / Low or Put / Call. With this option, merchants need to bet whether the price of a particular instrument will go down in the predefined timeframe. Once the period is over, the option expires and the bet is finalized.
Another popular choice is One Touch. With this option, there is a set price level, and the price must touch the stage for merchants to win. Again, a certain time frame is set for the end of the selection; if asset prices reach a predetermined level, bets are closed immediately and traders collect their winnings.
If the level is not reached at the expiration date, the bet is lost. These binary options are usually more difficult to win, so the percentage of return for them is much higher - usually about 500%.
60 The second binary option is the High / Low common option with expiration period of 60 seconds. Many traders tend to like this option as they can get a quick wage hike if you can see the short-term market trends.
One thing that is still gray when it comes to binary options trading is the rule. As I stated, this is a mix of trade and gambling, so in many countries binary options providers are not obliged to register with the regulator. Some binary brokers choose to register with the gambling authority; the other - with financial regulators; and then there are those who do not report to anyone.
The good news is that the increased popularity of binary options trading has put it in mind and the implementation of binary options legislation has been considered.
The Cyprus Securities and Exchange Commission (CySEC) is the first regulator that announces binary options to be an investment instrument and adds it to the scope of the services it watches. The Financial Services Board in Japan is the next regulatory body that takes steps towards that.
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