A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or depending on the asset, up to 10% return if the option expires out of the money.
Binary options trading platform (also called binary options web-site) is a web-based, over-the-counter, real-time trading arena, which offers investors a way to profit from correct, short term predictions of some underlying asset (e.g., stock, commodity, currency, index) price movement by buying binary options on that asset. Binary options platforms have been growing rapidly since mid-2008.