Contract Details: Indices Binary | CFD | CFD Trading | Contracts for Difference

Stock Indices Binary Ladder/One Touch

Ladder (Ladder Options) is a type of Binary which provides you with a range of levels of prices such as “Up more than XXX” or “Down less than XXX”, lined at equal intervals like a ladder, for a binary to finish higher or lower than at the end of the day (Japan time).

One Touch (One Touch Options) is a type of Binary which provides you with a range of levels of prices such as “Touch Level XXX” lined at equal intervals either side of the market, for the underlying market to trade at or through this level at the end of market trading.

The details of our Stock Index Binary Options contracts are given in the following table:

Stock Indices Binary Ladder/One Touch: Information Table

Notes to table

Binaries are cash or futures settled and cannot be exercised by or against you or result in delivery of the underlying security. NOTE: This product is referred to in the Customer Agreement as a Binary Option.

1. The price quotation for each Binary is expressed in points. If the outcome described by the Binary such as "Up more than XXX" occurs, that Binary will settle at 100. If it does not occur, the Binary will settle at zero. Therefore, when you buy a Binary with an expectation that the closing price will be above the level you chose, and if the event occurs, your profit would be calculated as "100 - Buying price", while if the event does not occur, your loss would be calculated as "0 - Buying Price". On the other hand, when you sell a Binary with an expectation that the closing price will be less than the level you chose, if the event occurs your profit would be "Selling price - 0" while if the event does not occur, your loss would be "Selling price - 100". You can also make a crossed trade before expiry and in that case your profit or loss would be calculated as "Selling price – Buying price".
2. The dealing spread will vary according to the level of the price quotation and the time to expiry. Spreads may widen substantially in the last 15 minutes of trading, and some Binaries may trade on spreads as much as 20 points during this period.
3. For the purpose of Binaries Ladder markets, the settlement price will be rounded to the number of decimal places specified. If a market settles exactly on a Binary barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of settlement. For example, if Wall Street closes exactly 20 points down, the Wall Street to finish down 0-20pts will settle at 100 and Wall Street to finish down 20-40pts will settle at 0.
4. For the purpose of Binaries Index One Touch markets, the settlement of the market is defined if the underlying market touches or trades through the barrier level at any time up to and including the official expiry, as reported by Bloomberg.
5. The official reported settlement by the exchange may differ from the price reported directly after close and used in the settlement of positions. This is due to exchange settlement adjustments post close.
6. The margin required for a Binary or collection of Binary on a given market will be equal to the maximum potential loss from that Binary or collection of Binary.
7. Times shown in the table are Japan local times, unless otherwise specified.
8. When you trade in a currency other than your base currency your profit or loss will be realized in that currency and will be booked to you account in that currency. As a default, we will automatically convert any positive or negative balance on your account in a currency other than your base currency to your base currency, by applying a relevant conversion rate calculated based on our standard rate and given costs.
9. The official contract month for settlement of Binaries based on a future contract is the current or near quoted month. This is subject to change 1-2 days prior to the expiration of this contract month due to liquidity reasons. Please check Get Info or verify the underlying level for which month is being quoted.