Binary options - how to improve

Aren't binary options made for people who don't have enough money to trade the 'regular' trading instruments?
Like CFDs type of things?
 
Binaries/digitals are synthetic strips of vanilla verticals. There are large BDs involved OTC (UBS, etc). deriv.com is a legit retail dealer, but US-prohibited since 2004.

Anyone in a deriv.com jurisdiction that wants to hold an account for me, LMK and we can work something out. Typically via VPN into your local machine. Thanks.
 
wxytrader said:
I am referring to them as "bets" but they are anything but.

I have only had experience with one broker (Pocket options), and some of the trading features are:

  • You are able to do conditional orders based on price or time.
  • You can also box positions meaning you can take a short position against a long. I had a scenario yesterday where my hedge short was hit, made money, and then price rebounded and I made money on the long as well. This is so much better than stop losses and honestly the fact you can't do this with regular options goes to show you how BS the entire regulated industry is set up.
  • I can double down meaning basically I add another bet at the current price.
  • I can also extend time by increasing the bet.
What I would like to see is being able to close at 1/2 profits or losses. This could work as they would just need the equal amounts of counterparties to also have selected to do the same. Or just take profits/losses at anytime, although that would lead to me micro managing trades so maybe not.

Already binary options are miles ahead of regular options and unless they find a way to eliminate fees, and the spread I don't see how they can compete. The idea that I am trading against a counter party versus a money maker who is skimming off every transaction is a game changer.
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Why trade with an unregulated offshore binary bucket shop when you can trade zero DTE options on a regulated exchange and regulated brokerage account onshore and actually get paid out if you win?
 
destriero said:
Binaries/digitals are synthetic strips of vanilla verticals. There are large BDs involved OTC (UBS, etc). deriv.com is a legit retail dealer, but US-prohibited since 2004.

Anyone in a deriv.com jurisdiction that wants to hold an account for me, LMK and we can work something out. Typically via VPN into your local machine. Thanks.
More...


rb7 said:
Aren't binary options made for people who don't have enough money to trade the 'regular' trading instruments?
Like CFDs type of things?
More...

I think D is saying that they are side bets...the transactions do not have any direct affect on the sentiment of the actual market. You basically trade against a counter-party which eliminates the need for a market maker. That's my take on it.
 
ZBZB said:
Why trade with an unregulated offshore binary bucket shop when you can trade zero DTE options on a regulated exchange and regulated brokerage account onshore and actually get paid out if you win?
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I'm gonna' guess you need a LOT more money to buy them compared to the binaries.
 
ZBZB said:
Why trade with an unregulated offshore binary bucket shop when you can trade zero DTE options on a regulated exchange and regulated brokerage account onshore and actually get paid out if you win?
More...

They have been around since 2017 and everything looks legit ..they have incentive because they are getting a portion of every payout. You don't have to sell me on the viability of 0-5 dtes as that is my sweet spot and imo are the only options with a decent chance to profit in...but for a pure trading experience binaries are better.
 
wxytrader said:
They have been around since 2017 and everything looks legit ..they have incentive because they are getting a portion of every payout. You don't have to sell me on the viability of 0-5 dtes as that is my sweet spot and imo are the only options with a decent chance to profit in...but for a pure trading experience binaries are better.
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The incentive is the dealer edge on the mkt. (52/100), I can't imagine anyone making a mkt in SN that tight. I don't think they'll payout if you hit $500 credit. All of the ratings from this place are one rating anons. They state they are regulated but clearly the regulator does not know who they are.

deriv.com is awesome and they have digitals and path dependent stuff (touches, DNTs, even lookbacks).
 
destriero said:
The incentive is the dealer edge on the mkt. (52/100), I can't imagine anyone making a mkt in SN that tight. I don't think they'll payout if you hit $500 credit. All of the ratings from this place are one rating anons. They state they are regulated but clearly the regulator does not know who they are.

deriv.com is awesome and they have digitals and path dependent stuff (touches, DNTs, even lookbacks).
More...
destriero said:
The incentive is the dealer edge on the mkt. (52/100), I can't imagine anyone making a mkt in SN that tight. I don't think they'll payout if you hit $500 credit. All of the ratings from this place are one rating anons. They state they are regulated but clearly the regulator does not know who they are.

deriv.com is awesome and they have digitals and path dependent stuff (touches, DNTs, even lookbacks).
More...

I checked and not available in Canada...same with most like quotex, IKBR. I would have to set up a VPN but it makes funding difficult etc. I'm tired of all the bs restrictions. Like wtf?
 
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