Alpari Russia unveils a new instrument today announcing a new type of binary option to trade – Spread High / Low. This type of option has conditions which resemble those on the classic Forex market. Last week, Alpari RU launched it’s new Binary Options platform.
You can trade the option by predicting whether the price will be higher or lower than the offered spread upon expiry. The offered price differs from the quoted market price only by the value of the spread. The main feature of this option is the payout, which is higher in comparison to High / Low and Quick Options, standing at 100%.
Alpari’s partnership with Binary Products Limited is bringing new ways to trade binary options. The company states there even more instruments, strategies and bonuses on the horizon.
Predict if the price will be above (“Call”) or below (“Put”) the offered price level at expiry. The offered price level differs from the quoted market price only by the value of the spread, which is comparable to the spread on the traditional Forex market. If the prediction is correct, then on expiry the return is 100% on your money invested.
Resembling a classical spread bet in any sort of market; the advantage of overcoming “the spread” is the higher payout than other binary trades where you have to take the spot price.
Source: alpari-forex.com