Binary Contract Details

We quote on a wide range of markets, with all Binaries settling at either zero or 100.

Notes

1. A range of possible Binary Options will be offered on the daily performance/official settlement of each market. The price quotation for each Binary is expressed in points. If the outcome described by the Binary Option occurs, that Binary Option will settle at 100. If it does not occur, the Binary Option will settle at zero.

   Daily FTSE 100, Daily Wall Street, Daily Germany 30, Daily France 40, Daily Spain 35, Daily Sweden 30, Daily Netherlands 25, Daily US Tech 100, Daily US SPX 500, Daily Australia 200 and Daily South Africa 40 quotations are based on the achievement of specified daily price changes in the cash markets for each of the nominated indices. (Note: Germany 30 = DAX 30; France 40 = CAC 40; Daily Spain 35 = IBEX 35; Daily Sweden 30 = OMXS 30; AEX 25; US Tech 100 = NASDAQ 100; US SPX500 = S&P 500; Australia 200 = ASX 200; South Africa 40 = JSE.)

   Daily Italy 40 quotations are based on the achievement of specified daily price changes in the cash market of the S&P/MIB Index.

   Daily Hong Kong HS42, Daily Korea 200, Daily Taiwan All-Share, Daily Japan All-Share and Daily China H-Shares quotations are based on the achievement of specified daily price changes in the futures markets for each of the nominated indices. (Note: Hong Kong HS42 = Hang Seng; Korea 200 = KOSPI 200; Taiwan All-Share = TaiEx; Japan All-Share = TOPIX; China H-Shares = H-Shares China Index.)

   Daily Japan 225 quotations are based on the achievement of specified daily price changes in the Nikkei 225 Index on the Tokyo Stock Exchange (TSE).

   Daily Singapore Blue-Chip quotations are based on the achievement of specified daily price changes in the SGX MSCI Singapore Index futures on the Singapore Futures Exchange (SGX).

   Daily India 50 quotations are based on the achievement of specified daily price changes of theS&P CNX Nifty Index futures that trade on the National Stock Exchange in India, as measured by reference to trades recorded by Bloomberg between the start of normal trading and the first new print recorded by Bloomberg (E&OE) at 10.00 (London time).

   '1pm' Australia 200 Binaries settle based upon the achievement of price changes in the cash ASX 200 index from the previous day's official settlement to the first new print recorded by Bloomberg (E&OE) at 13.00 (Sydney time).

   FTSE and Wall Street OneTouch, Hi/Lo and Tunnel quotations are based on the achievement of specified levels in the cash FTSE and cash Wall Street markets, at any time up to and including the official market settlement (or 12.00 for the FTSE midday OneTouch; 18.00 for the Wall Street 6pm OneTouch). OneTouch levels are measured by reference to trades recorded by Bloomberg between the start of normal trading and the achievement of the final settlement level of the market each day (E&OE) (or the first new print recorded by Bloomberg (E&OE) at 12.00 London time for the FTSE midday OneTouch; 18.00 London time for the Wall Street 6pm OneTouch). Hi/Lo and Tunnel levels are measured with reference to the net change in the market (as measured from Bloomberg prints) relative to the previous trading day's settlement level, including the net change on the final settlement level of the market each day (E&OE).

   Noon FTSE, 3pm FTSE, 6pm Wall Street and 1pm (Sydney time) Australia 200 quotations are based on the achievement of price changes in the cash FTSE, Wall Street and ASX 200 markets. This change is measured from the starting level displayed by IG Markets online to the first new print recorded by Bloomberg (E&OE) at 12.00 London time (for the Noon FTSE), 15.00 London time (for the 3pm FTSE), 18.00 London time (for the 6pm Wall Street) or 13.00 Sydney time (for the 1pm Australia 200) on the day in question.

   All non-daily markets and Daily FX quotations are based on our internally specified opening level and the official expiry level as reported by Bloomberg (E&OE).

   Hourly FTSE, Wall Street and Australia 200 quotations and short-term Binaries such as the 20-minute FTSE and 20-minute Wall Street are based on the achievement of price changes in the cash FTSE, cash Wall Street and cash ASX 200 markets. This change is measured from our internally specified opening level to the first new print recorded by Bloomberg (E&OE) at the second named time. For FTSE previous close to 09.00, the change is measured from the official settlement in the previous day's market to the first new print recorded by Bloomberg (E&OE) at 09.00 (London time). For Wall Street previous close to 15.30 the change is measured from the official settlement in the previous day's market to the first new print recorded by Bloomberg (E&OE) at 15.30 (London time). The Wall Street 20.40-close binaries close based upon the official settlement of the index. For Australia 200 previous close to 11.00 the change is measured from the official settlement in the previous day's underlying market to the first new print recorded by Bloomberg (E&OE) at 11.00 (Sydney time). The final hourly Binary of each trading day settles at the official settlement price of the relevant index, which may be a different level to the level of the index at the second named time.

   Australia 200 OneTouch Binaries are based on the achievement of specified levels of the SPI 200 Index futures; the settlement level of the SPI 200 Index futures that is used for settlement of SPI 200 intraday options (i.e. the volume weighted average of trade prices executed in SFE SPI 200 Index futures contract between 16.15 and 16.20, Sydney time) is included in consideration of whether a named price level has been touched. Traded levels of the SPI 200 Index futures between 16.15 and 16.20 (Sydney time) are not themselves directly included in consideration of whether a level has been touched.

   Weekly quotations are based on the settlement level of the market concerned (cash FTSE, cash Wall Street) on the last trading day of the week in question.

   US Light Crude Oil, Gold and Silver binary quotations are based on the achievement of specified daily price changes in the nearest liquid month of the relevant futures contract on the New York Mercantile Exchange. This change is measured by each day's official settlement level, available after each market closes. The markets normally close at 19.30 (Crude), 18.30 (Gold) and 18.25 (Silver), London time.

   Daily US Crude OneTouch settles based upon the achievement of specified price levels as recorded by Bloomberg. OneTouch levels are measured by reference to trades recorded by Bloomberg at any time between 08.00 and the first new print at 19.30 London time. The trade settles at 100 if Bloomberg prints the OneTouch level between these times. Official expiry does not count.

   Spot FX Binary Options are offered on the following currency pairs: EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, EUR/GBP and AUD/USD. FX Ladders are offered on EUR/USD, GBP/USD, AUD/USD, USD/CHF and USD/JPY. Quotations are based on the achievement of specified price changes in the spot rate concerned at 20.00 (London time) each day. The level used for settlement will be the first print recorded by Bloomberg (E&OE) at 20.00 (London time) for the relevant currency pair.

   Weekly forex binaries are offered on the following currency pairs: GBP/USD, EUR/USD, USD/JPY, USD/CAD, AUD/USD. These expire as of Bloomberg's first price at/after 8pm each Friday, market holidays permitting.

   FX OneTouch Binaries are offered on GBP/USD, EUR/USD and AUD/USD. Monthly FX OneTouch levels are measured by reference to trades recorded by Bloomberg between the start of the month and 16.00 (London time) on the last business day of the month (E&OE). Daily FX OneTouch levels are measured by reference to trades recorded by Bloomberg between 21.00 and 20.00.

   Weekly Up/Down Binary Options on individual UK shares are based on the settlement price of the relevant equity on the last trading day of the week, as recorded by Reuters (E&OE). Please note that, if a stock is going ex-dividend on the Wednesday of the week in question, this dividend will not be subtracted from the indicative level of the stock that we show against the Binary Option prices on Monday and Tuesday.

   Up/Down Binary Options settle based on the achievement of price changes between the share's official opening print as reported by Bloomberg (E&OE) and the same day's official closing price.

   FTSE Up/Down 5-minute Binary Options settle based on the achievement of price changes in the FTSE 100 between our specified opening level and official expiry level as reported by Bloomberg (E&OE).

   Germany 30 Up/Down 5-minute Binary Options settle based on the achievement of price changes in the DAX 30 between our specified opening level and official expiry level as reported by Bloomberg (E&OE).

   Wall Street Up/Down 5-minute trades settle based on the achievement of price changes in the Dow between our specified opening level and official expiry level as reported by Bloomberg (E&OE), except the Wall Street 20.55-close binary, which closes at the official settlement level of the underlying index.

2. Our spread on Binary Options will vary according to the level of the price quotation and the time to expiry.

3. If the event described occurs, the Binary Option will settle with a value of 100. In all other events the Binary Option will settle at zero. For the purpose of Binary Options, the Australia 200, Singapore Blue-Chip and Japan All-Share price in question will be rounded to one decimal place; the FTSE, Wall Street, Japan 225, Germany 30, France 40, Spain 35, Sweden 30, Netherlands 25, US Tech 100, US SPX 500, Korea 200 and India 50 prices will be rounded to two decimal places; Italy 40, Hong Kong HS42, Taiwan All-Share and China H-Shares prices will be rounded to the nearest whole number and all spot rates will be rounded to the nearest pip. For options on individual UK shares, the equity price in question will be rounded to the same number of decimal places as reported by Reuters (E&OE). If a market settles exactly on a Binary Option barrier after such rounding, that market will be taken to have settled above the barrier for the purposes of contract settlement. For instance, if the FTSE 100 closes exactly 20 points up, the FTSE +10/+20 will settle at zero and the FTSE +20/+30 will settle at 100.

   OneTouch Binary Options will settle at 100 if the underlying market touches or goes through the relevant barrier at any time up to and including the official market settlement (or 12.00 for the FTSE midday OneTouch; 18.00 for the Wall Street 6pm OneTouch; 16.00 on the last business day of the month for the GBP/USD and EUR/USD Monthly OneTouch Binaries; Daily US Crude Oil OneTouch settles at 100 only between 08.00 and 19.30. Official expiry does not count). Tunnel Binaries will settle at 100 if the underlying market does not touch or go through either barrier stated at any time up to and including the official market settlement.

4. 24 hours dealing starts at 23.30 (London time) on Sunday and finishes at 21.15 (London time) on the following Friday (please note that prices for European and US indices are only available from 07.30 on Monday morning, however).

   Daily FTSE and Daily FTSE Ladder: 24 hours (with gaps). Trades will be accepted until one minute before the close of the underlying market. The closing time for the FTSE is normally 16.30 (London time). Note that, although the UK market typically closes at 16.30, all Binary Options will be closed based upon the official daily settlement, which in turn is dependent upon the daily closing auction. This official settlement price is typically made public around five minutes after the close of normal trading each day, and can differ from the 16.30 price of the underlying index.

   Daily Wall Street and Daily Wall Street Ladder: 24 hours (with gaps). Trades will be accepted until one minute before the close of the market. The closing time for Wall Street is normally 21.00 (London time). Note that, although Wall Street typically closes at 21.00, all Binary Options will be closed based upon the official daily settlement. This settlement may not be posted until several minutes after the close of normal trading each day, and can differ from the 21.00 price of the underlying index.

   Daily Germany 30 and Daily Germany 30 Ladder: From 17.00 (London time) of the previous trading day until five minutes before the close of normal trading of the DAX 30 index. The close of normal trading is usually at 16.30 (London time). Note that Binary Options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

   Daily France 40 and Daily France 40 Ladder: Trades will be accepted from 08.02 (London time) until one minute before the close of the underlying market. The closing time for the France 40 is normally 16.30 (London time). Note that Binary Options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

   Daily Italy 40 and Daily Italy 40 Ladder: From 08.05 (London time) until five minutes before the close of normal trading of the S&P/MIB index. The close of normal trading is usually at 16.25 (London time). Note that Binary Options will be settled based upon the official settlement level of the index, which may not be announced until several minutes after the close of the market and may differ from the market's 16.25 level.

   Daily Spain 35 and Daily Spain 35 Ladder: From 08.05 (London time) until one minute before the close of the underlying market. The closing time for the IBEX 35 is normally 16.30 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.30 level.

   Daily Sweden 30 and Daily Sweden 30 Ladder: From 08.05 (London time) until five minutes before the close of the underlying market. The closing time for the OMXS 30 is normally 16.25 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

   Daily Netherlands 25 and Daily Netherlands 25 Ladder: From 08.05 (London time) until five minutes before the close of the underlying market. The closing time for the AEX 25 is normally 16.30 (London time). Note that trades will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.25 level.

   Daily US Tech 100 and Daily US Tech 100 Ladder: From 22.00 (London time) of the previous trading day until five minutes before the close of the NASDAQ 100 index. The NASDAQ 100 index normally closes at 21.00 (London time). Note that Binary Options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

   Daily US SPX 500 and Daily US SPX 500 Ladder: From 22.00 (London time) of the previous trading day until five minutes before the close of the S&P 500 index. The S&P 500 index normally closes at 21.00 (London time). Note that Binary Options will be settled based upon the official settlement level of the index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 21.00 level.

   Daily Australia 200 and Daily Australia 200 Ladder: From 10.01 until 15.59 (Sydney time). Note that Binary Options will be settled based upon the official settlement level of the ASX 200. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 16.00 (Sydney time) level.

   Daily South Africa 40 and Daily South Africa 40 Ladder: From 08.05 to 15.50 (London time). Note that Binary Options will be settled based upon the official settlement level of the JSE index. This official settlement is not announced until several minutes after the close of the market and may differ from the market's 15.50 (London time) level.

   Daily Hong Kong HS42 and Hong Kong HS42 Ladder: From 02.46 until 05.30 (London time) and then from 07.31 (London time) until two minutes before the close of the Hang Seng Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the Hang Seng Index futures is normally 09.30 (London time). All Binary Options will be closed based upon the official daily settlement price of the Hang Seng Index futures as reported by HKFE.

   Daily China H-Shares and China H-Shares Ladder: From 02.46 until 05.30 (London time) and then from 07.31 (London time) until two minutes before the close of the H-Shares China Index futures on the Hong Kong Futures Exchange (HKFE). The closing time for the H-Shares China Index futures is normally 09.30 (London time). All Binary Options are settled based upon the official daily settlement price of the H-Shares China Index futures as reported by HKFE.

   Daily Japan 225 and Japan 225 Ladder: From 09.03 (JST) until 14.59 (JST). All Binary Options are settled based upon the official daily settlement price of the Nikkei 225 as reported by TSE.

   Daily Korea 200: From 01.00 (London time) until ten minutes before the close of the KOSPI 200 Index futures on the Korea Exchange (KRX). The KOSPI futures normally close at 07.15 (London time). All Binary Options are settled based upon the official daily settlement price of the KOSPI 200 futures as reported by KRX.

   Daily Singapore Blue-Chip and Singapore Blue-Chip Ladder: From 01.46 until 05.34, and then from 07.01 until 10.14 (London time). All Binary Options are settled based upon the official daily settlement price of the SGX MSCI Singapore Index futures as published by Bloomberg (E&OE).

   Daily Taiwan All-Share: From 01.45 until 06.45 (London time).

   Daily India 50: From 04.28 until 09.55 (London time).

   Daily Japan All-Share: From 01.05 until 02.59, and then from 04.31 to 07.00 (London time).

   FTSE OneTouch, Hi/Lo and Tunnel: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market (or 11.59 London time for the FTSE midday OneTouch).

   Wall Street OneTouch, Hi/Lo and Tunnel: Quoted during trading hours only. Trades will be accepted until one minute before the close of the underlying market (or 17.59 London time for the Wall Street 6pm OneTouch).

   Australia 200 OneTouch: From 10.01 until 15.59 (Sydney time).

   Noon FTSE: From 17.00 (London time) of the previous trading day until 11.59 on the day of expiry.

   3pm FTSE: From 17.00 (London time) of the previous trading day until 14.59 on the day of expiry.

   6pm Wall Street: From 22.00 (London time) of the previous trading day until 17.59 on the day of expiry.

   Hourly FTSE: 24 hours (with gaps). Trades will be accepted from five minutes after the start of the first named hour until one minute before the second named hour, and from five minutes after the second named hour for the following trading day. For FTSE previous close to 9am, trades will be accepted from 30 seconds after the opening of the underlying market. For all other Hourly Binaries there is a gap where trades will not be accepted that starts two minutes before, and finishes two minutes after, the first named hour. Note: Handicap trades on hourly markets will only be accepted during the relevant hour.

   20-minute FTSE: 24 hours (with gaps). Trades will be accepted from one minute after the first named time until one minute before the second named time.

   Hourly Wall Street: 24 hours (with gaps). Trades will be accepted from five minutes after the start of the first named time until one minute before the second named time, and from five minutes after the second named time for the following trading day. For Wall Street previous close to 15.30, there is a 45-minute break in quoting, where trades will not be accepted, starting from the close of the underlying market (usually 21.00 London time). For all other Hourly Binaries there is a gap where trades will not be accepted that starts two minutes before, and finishes three minutes after, the first named hour. Note: Handicap trades on hourly Wall Street markets will only be accepted during the relevant hour (except previous close to 15.30, for which trades will be accepted from 45 minutes after the close of the underlying market).

   20-minute Wall Street: 24 hours (with gaps). Trades will be accepted until one minute before the second named time. For Wall Street 2.40pm-3.00pm we will not make a price from 14.30 until 14.42. For all other 20-minute Binaries we will not make a price 15 seconds before the first named times until two minutes after the first named time. The Wall Street 20.40-close settles based upon the official settlement of the index.

   Hourly Australia 200: 24 hours (with gaps). Trades will be accepted until one minute before the second named hour. Trading for the following day begins five minutes after the second named hour. There is a gap where trades will not be accepted that starts two minutes before, and finishes three minutes after, the first named hour. The final hourly Binary (3pm-4pm AEST) settles based upon the official settlement price of the ASX200.

   Weekly FTSE Up/Down & Ladder: From 08.00 (London time) on the Monday, until one minute before the close of UK trading on the last UK trading day of the week in question (normally 16.29 on Friday).

   Weekly Wall Street Up/Down & Ladder: From 08.00 (London time) on the Monday, until one minute before the close of US trading on the last US trading day of the week in question (normally 20.59 on Friday).

   Weekly S&P 500 Futures Up/Down & Ladder: From 08.00 (London time) on the Monday, until one minute before the close of US futures trading on the last US trading day of the week in question (normally 21.14 on Friday).

   Weekly Germany 30 Futures Ladder: From 07.00 (London time) on the Monday until one minute before the close of German futures trading on the last German trading day of the week in question (normally 20.59 on Friday).

   Weekly Silver Futures Up/Down & Ladder: From 08.00 (London time) on the Monday until 18.20 on the Friday.

   Weekly US Light Crude Oil Up/Down & Ladder: From 08.00 (London time) on the Monday until 19.25 on the Friday.

   Daily US Light Crude Oil OneTouch: From 08.00 (London time) until 19.25 on the day of expiry. Official expiry does not count.

   Daily US Light Crude Oil and Ladders: From 20.30 (London time) of the previous trading day until 19.25 (London time) on the day of expiry.

   Daily Gold and Gold Ladders: From 21.00 (London time) of the previous trading day until 18.25 on the day of expiry (except 13.00 to 13.20).

   Daily Silver and Silver Ladders: From 21.00 (London time) of the previous trading day until 18.20 on the day of expiry (except 13.00 to 13.25).

   Spot FX levels and FX Ladders: From 21.00 (London time) of the previous trading day until 19.55 on the day of expiry.

   UK equity Up/Down Binary Options: From 17.00 until 07.58 (London time). Note these are out-of-hours times: we do not quote UK equity Up/Down Binary Options in running.

   5-minute FSTE 100 and Germany 30 Up/Down Binary Options: From 08.10 until 16.25 (London time). Trades will be accepted 10 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five-minute period in question).

   5-minute Wall Street Up/Down trades: From 14:40-20.55 (London time). Trades will be accepted 30 seconds after the start of each five-minute period until 30 seconds before the second named time (i.e. 30 seconds before expiry of the five minute period in question).

   20.55-21.00 5-minute Wall Street Up/Down trades: Trades will be accepted 30 seconds after the start of the five-minute period until 20.59 (i.e. one minute before expiry of the five minute period).

   Economic Data (US Non-Farm Payrolls, US Initial Jobless Claims, MPC): 24 hours. Settles based on the officially reported figures. Note that if a market settles exactly on a Binary Option barrier (after rounding), that market will be taken to have settled above the barrier for the purposes of contract settlement.

   • US Initial Jobless Claims binaries are quoted every week from 09.00 (UK time) on the Monday preceding the announcement of the figures until 13.30 on the Thursday when the announcement is made.
   • US Non-Farm Payrolls binaries are quoted during one week every month, from 09.00 (UK time) on the Monday preceding the announcement of the figures until 13.30 on the Friday when the announcement is made.
   • MPC binaries open for trading approximately three weeks before the MPC rate announcement is due.

5. The margin requirement for buying a Binary Option is equal to the contract value (which is the opening price multiplied by the contract size).

   The margin requirement for selling a Binary Option is equal to (100 minus the opening price) multiplied by the contract size.

6. When you trade in a currency other than your base currency your profit or loss will be realised in that currency and will be booked to your account in that currency. As a default, we will automatically, and on a daily basis, convert any positive or negative balance on your account in a currency other than your base currency to your base currency. You may change this default at any time by calling us or via our PureDeal platform.