One of the benefits of binary betting is that you always know
what your maximum profit and maximum loss can be, as soon as you
have placed a bet.
For example if you were to bet on the Midday FTSE Up market and
the price was showing:
Midday FTSE Up: 35 – 39
If you bought £1 you know that your:
Maximum Profit: (100 – 39) x £1 =
£61
Maximum Loss: 39 x £1 = £39
Whilst your maximum profit and loss are known up front, you can
close out of a bet any time until the market in question has
closed. Hence unlike other derivative products, your total risk is
always known as soon as a bet is placed.
Binary Betting is a form of fixed odds betting and is activity
not regulated by the Financial Sevices Authority. The normal
protections afforded by the regulatory framework do not therefore
apply. If you hold a full City Index Account select the 'City Index
Terms and Policies' link to view the full Terms and Policies. If
you hold a City Index Binary only account, select the 'City Index
Binary Terms and conditions' to view the Binary only Terms and
Conditions.