Swiss FX marketplace Dukascopy today announced it is increasing the variety of binary options available to its clients.
The broker is introducing Pair binary options. These options enable traders to trade on the performance of an individual stock against the equity index it is part of. As long as a trader considers that a stock will underperform or outperform the market it belongs to, Pair binaries are one of the proper tools to capitalize on such trading ideas in a simple manner.
The new instruments are now available for trading on Demo and Live environment via Dukascopy’s binary options platform.
In June this year, the broker beefed up its binary options offering by introducing daily stock options. Similar to this type of options, the new binaries’ performance is not tracked intraday, only open and close prices are used for defining the outcome at expiration.
- Applicable Payouts: identical to Daily Stock Options; base level is 70%.
- Option duration: one full trading session of the respective market.
- Option setting time: Orders can be placed at any time during workdays. Those will remain in “Pending” status until the start of the closest full trading session.
To view the official announcement from Dukascopy on the new binary option type, click here.