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.
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?
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.
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.
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).
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?