Binary options...better than 50/50 chance ?

[sle]

Quote from atticus:
Same with betonmarkets. Very tight mkts, but they weren't seeing enough interest to lay the risk internally on single-name. They're probably your best bet up to $75k in index, FX and Gold. Digitals and touch markets. BOM is owned by Jim Mellon. I wouldn't go nuts, but I have relatives in Sweden holding my accounts and took 10 to 80 and they wired out in one day. They're legit.

When you say they have good spreads, what do you mean? Because I just looked and they have 1 month simple European digital (1300 strike) as 10-wide - is this because of the weekend? Also, the names of the indices are deliberately changed - do they guarantee that the settlement/intraday prices will be the same as the original index?

I am impressed - they even have DNTs. I wonder if all that stuff is priced properly (though in most cases it's probably too wide to arb it).

 

[atticus]

Quote from sle:

When you say they have good spreads, what do you mean? Because I just looked and they have 1 month simple European digital (1300 strike) as 10-wide - is this because of the weekend?

I assume so. IIRC the last DNT I traded was 54x66. I would think their digitals would be tighter, but I don't trade them very often at BOM. You can't trade with them in the US, so you would need someone abroad to hold the account and VPN into a server near to their geo-location.

I have a cousin in Stockholm and then use HMA-Pro to login to a Stockholm VPN.

 

[kroponer]

Quote from atticus:

I assume so. IIRC the last DNT I traded was 54x66. I would think their digitals would be tighter, but I don't trade them very often at BOM. You can't trade them in the US, so you would need someone abroad to hold the account and VPN into a server near to their geo-location.

Tried to setup betonmarkets through UK proxy server, they asked for home phone number and they would call to verify

I have family abroad but thought it would be too much hassle for them.

 

[sle]

Quote from atticus:
I assume so. IIRC the last DNT I traded was 54x66.

Well, that's almost as tight as I used to make them for funds. Not too bad, not too bad.

 

[atticus]

Quote from sle:

Well, that's almost as tight as I used to make them for funds. Not too bad, not too bad.

They're very good, IMO. Tighter than UBS on most FX exotics. Bets upt o $75k per SSN and I have taken it to that level.

To elaborate. If in the US you must use a VPN close to the account holder. They will close your account (for example) if you're account is held in the UK and you use a VPN in France. I remote to the machine in Sweden, but will use VPN in Stockholm if the machine reboots or their bband is down.

I've been remoting/VPN to my cousin's account for almost three years w/o a glitch.

 

[Surprise]

Quote from sle:



Out of curiosity, is there a retail broker that allows you to trade one-touch binaries? [/B]

IGmarkets , IGindex , GFT , BOM ...

And other BO brokers like anyoption , BDB ... etc but you only can take your touch bet during the weekend ...

 

[atticus]

Quote from Surprise:

IGmarkets , IGindex , GFT , BOM ...

And other BO brokers like anyoption , BDB ... etc but you only can take your touch bet during the weekend ...

Yes to IGM in EU. anyoption is not a touch dealer.

 

[Surprise]

Quote from atticus:

Yes to IGM in EU. anyoption is not a touch dealer.

Anyoption and the rest of "Cyprus regulated brokers" will offer you fixed weekly touch options only during the weekend ...

 

[atticus]

Quote from Surprise:

Anyoption and the rest of "Cyprus regulated brokers" will offer you fixed weekly touch options only during the weekend ...

It looks like they can only be bought, but thanks for the info.

 

[Surprise]

Quote from atticus:

It looks like they can only be bought, but thanks for the info.

Yes not that good , and BTW here is another note re anyoption touch binaries the way they determine if a price barrier is reached is a bit skewed . ie : lets say you took FB to touch 21 , what they do is they take the closing price for FB everyday during the week , if according to the closing prices your price barrier was reached then you get paid and if not then you don't , so if FB reached 21 intraday then reversed you wouldn't get paid !