What is binary options forex trading

A binary option is a financial exotic option in which the payoff is either some fixed monetary. Investopedia described the binary options trading process in the U. S. thus: . . If we denote by S the FOR/DOM exchange rate (i. e. , 1 unit of foreign currency is worth S units of domestic currency) we can observe that paying out 1 unit.

Quit binary options companies in cyprus

Banc De Binary was an Israeli financial firm with a history of regulatory issues on three continents. On January 9, 2017, the company announced that it would be closing due to negative press coverage and its tarnished reputation. The firm also surrendered its brokerage license with the Cyprus Securities. Banc De Binary Ltd. , based in Cyprus, along with ET Binary Options Ltd. , BO.