Binary Options Double Up Strategy

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Written By
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Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Edited By
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Edited By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

Binary options may be a straightforward way to trade, but making returns isn’t easy. Any successful trader knows the key to consistent success lies in strategy, and many consider the “double up” system, which allows you to double your stake and thus potential profits, to be among the best strategies for binary options trading. This tutorial will provide an overview of the binary options double up strategy, from its pros and cons, to a guide on how to use it in practice.

Best Binary Options Brokers

Click a broker for details
  1. 1
    Pocket Option
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash, Airtel
    USD
  2. 2
    IQCent
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  3. 3
    CloseOption
    $10 Welcome Gift

    Ratings
    2.8 / 5
    2.5 / 5
    2.5 / 5
    3 / 5
    3 / 5
    3 / 5
    1.3 / 5
    2.5 / 5
    3.7 / 5
    3.5 / 5

    $5
    $1
    National Bank of Georgia
    Binary Options on Forex & Cryptos
    Own
    PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum Payments
    USD
  4. 4
    Videforex
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3 / 5
    3.5 / 5
    3.3 / 5
    3.5 / 5
    4.5 / 5
    1.3 / 5
    1.3 / 5
    4.1 / 5
    4.4 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  5. 5
    Binarium

    Ratings
    2.8 / 5
    3.8 / 5
    3.3 / 5
    3.5 / 5
    3.5 / 5
    3.3 / 5
    1.3 / 5
    4.2 / 5
    1.3 / 5
    3.3 / 5

    $5
    $1
    Forex, Stocks, Cryptos
    Own
    QIWI, Yandex Money, Bitcoin Payments, Neteller, WebMoney, Wire Transfer, Visa, Mastercard, Credit Card, Debit Card
    USD, EUR, AUD, RUB
  6. 6
    RaceOption
    20% - 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3 / 5
    4 / 5
    0.8 / 5
    0.8 / 5
    4 / 5
    3.8 / 5

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  7. 7
    BinaryCent
    20% - 200% deposit bonus

    Ratings
    2.8 / 5
    2.8 / 5
    3 / 5
    2.5 / 5
    3 / 5
    3 / 5
    1 / 5
    2 / 5
    3 / 5
    3 / 5

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  8. 8
    World Forex
    100% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    3 / 5
    2.8 / 5
    3.5 / 5
    3.3 / 5
    2.5 / 5
    2.8 / 5
    1.3 / 5
    1.3 / 5

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB

Here is a summary of why we recommend these brokers:

  1. Pocket Option - Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.
  2. IQCent - IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks.
  3. CloseOption - CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.
  4. Videforex - Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
  5. Binarium - Binarium is an experienced binary options broker offering access to a range of financial markets with a proprietary, sleek platform. New users can claim a welcome bonus up to $1,500 or practice in the demo account with $10,000.
  6. RaceOption - RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.
  7. BinaryCent - BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
  8. World Forex - World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.

Pocket Option

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

Jemma Grist, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Minimum Deposit$50
Payout %92%
Expiry Times5 seconds - 4 hours
Copy TradingYes
PlatformsWeb, MT4, MT5
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Account CurrenciesUSD

Pros

  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

Cons

  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders
  • The MISA is a weak regulator with limited investor protection for retail traders
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available

IQCent

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

Jemma Grist, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsOnline Platform, TradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Account CurrenciesUSD, EUR

Pros

  • IQCent is one of the few binary options brokers that also offers a copy trading service for hands-off traders
  • The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%
  • The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies

Cons

  • IQCent trails binary brokers like Quotex with its narrow investment offering of around 100 assets with no stocks
  • The broker is not overseen by a respected regulator, though this is common among binary options firms
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month

CloseOption

"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."

Tobias Robinson, Reviewer

CloseOption Quick Facts

Bonus Offer$10 Welcome Gift
Minimum Deposit$5
Payout %95%
Expiry Times30 seconds - 1 month
Copy TradingNo
PlatformsOwn
InstrumentsBinary Options on Forex & Cryptos
Account CurrenciesUSD

Pros

  • Free demo account
  • The user-friendly platform is compatible with most web browsers
  • CloseOption offers weekly trading tournaments with cash prizes

Cons

  • Binary options are only available on fiat and digital currencies
  • CloseOption is not regulated by a well-regarded trading authority
  • Clients need to deposit $50,000+ to qualify for the best payouts

Videforex

"Videforex will serve traders looking for a no-frills, easy-to-use platform to speculate on the direction of popular financial markets through binaries. With a sign-up process that takes a matter of minutes and a web-accessible platform, getting started is a breeze. "

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, bringing it in line with competitors like IQCent.
  • Videforex is one of the few brokers with 24/7 multilingual video support, providing comprehensive assistance for active traders.
  • Videforex regularly runs trading contests, offering practice opportunities and cash prizes to beginners and experienced traders, with position sizes from just ¢0.01.

Cons

  • Videforex lacks authorization from a trusted regulator, meaning traders may receive little to zero safeguards like segregated client accounts.
  • The client terminal needs improvements based on our latest tests, sporting sometimes slow and unresponsive widgets which could dampen the experience for day traders.
  • The absence of any educational tools is a serious drawback for newer traders who can find blogs, videos and live trading sessions at category leaders.

Binarium

"Binarium has been designed with simplicity in mind, featuring a fast, fully digital sign-up process and an intuitive platform and app with 4 chart types and 12 indicators. With binaries spanning 5 minutes to 3 months, it caters to short- and medium-term traders."

William Berg, Reviewer

Binarium Quick Facts

Minimum Deposit$5
Payout %80%
Copy TradingNo
PlatformsOwn
InstrumentsForex, Stocks, Cryptos
Account CurrenciesUSD, EUR, AUD, RUB

Pros

  • Binarium claims to segregate client funds with EU banks, meaning traders’ money should not be misused and providing an important layer of protection, which is especially relevant given its offshore status.
  • The $10,000 demo account, deposit-doubling welcome bonus, smooth sign-up, and 24/7 support make for an attractive onboarding experience.
  • Binarium has the best education centre we’ve seen amongst binary options brands, complete with information on core topics like trading basics and account options, plus professional video guides to using the platform.

Cons

  • Payouts of up to 80% are on the low side of binary options platforms based on our evaluations, which may deter traders looking for the possible best returns, though you can get back up to 15% of losing trades.
  • Binarium has some way to go to match the investment offering of binary firms like Quotex, with a particularly weak selection of around 20 currencies and 3 cryptocurrencies.
  • Despite being operational since 2012, Binarium is an unregulated broker with limited transparency on its website, raising safety concerns and potentially putting your capital at risk.

RaceOption

"RaceOption will appeal to investors looking for a feature-rich binary options trading experience with regular contests, account-based perks, and copy trading. The catch is its unregulated status, with little to zero investor protections available based on our investigations."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • RaceOption makes account funding a breeze with fee-free and near-instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour.
  • RaceOption is in the less than 1% of brokers that offers video chat, available 24/7 in multiple languages, although the knowledge of agents about trading and regulatory issues needs improvement from our direct experience.
  • Payouts on popular underlying assets like EUR/USD can reach 95%, beating out most alternatives based on our evaluations, and increasing potential returns, while the first 3 trades are risk-free in Silver and Gold accounts.

Cons

  • RaceOption is an unregulated, high-risk broker that doesn’t provide investor compensation or legal recourse options should you run into trading or withdrawal issues.
  • While still affordable for many retail investors, the $250 minimum deposit raises the entry barrier, especially compared to Deriv and World Forex who are designed for budget traders.
  • RaceOption is one of the only brokers not to offer a demo account, which when considered alongside the absence of education, makes this broker a poor choice for beginners.

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsOwn
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
Account CurrenciesUSD

Pros

  • Copy trading and binary options bots are useful for beginner traders
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential

Cons

  • Not overseen by any reputable regulator, raising risks and reducing customer protections
  • The $250 minimum deposit is higher than most binary options brokers
  • Not available to traders based in the US

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Minimum Deposit$1
Payout %100%
Expiry Times1 minute - 7 days
Copy TradingYes
PlatformsMT4, MT5
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Account CurrenciesUSD, EUR, RUB

Pros

  • Swap-free account available
  • 10+ accepted payment methods
  • MT4, MT5 and a proprietary trading terminal

Cons

  • No negative balance protection
  • Withdrawal fees apply
  • Weak regulation

Double Up Strategy: Definition

The binary options double up strategy involves a trader doubling their stake after their trade has started, and usually close to the time of expiry. Since doubling up involves doubling the stake in an existing trade, the payout of a doubled-up binary options contract that ends in the money will also be doubled. If the contract expires out of the money, the losses are doubled.

Doubling up has become increasingly popular with binary options traders as a means of increasing profit intakes. However, this is not a comprehensive strategy to improve your overall hit rate, but a way of maximizing profits on successful trades.

To implement the double up system successfully, it needs to be integrated into a tried and tested binary options strategy.

Example

To understand how the binary options double up strategy works in practice, it helps to look at an example trade:

An investor decides to trade on the currency pair AUD/CAD, and after analyzing charts and conducting an analysis of market movements, they believe that the price of this forex pair is going to increase.

They invest £300 on a standard high/low binary option.

Ten minutes before the trade expires, it is safely in the money, so the trader decides to double up in order to double the profit from the trade. As you can see from the example below, the payout without doubling up would have been £564.

How to use a binary options double up strategy
Binary Options Double Up Strategy Example

If the prediction is correct, and the trade is in the money at expiry, then the trader will make double what they would have had they not doubled up.

However, if the price movement turns against the trader during the final 10 minutes after doubling up, then losses will also be doubled (£600).

Benefits Of The Binary Options Double Up Strategy

The benefits of using the double up strategy in binary options are easy to understand – if you double up a winning trade, then you will make double the profit. This makes it attractive to traders, hence its popularity in binary options.

Another key benefit is that the strategy is very easy to implement. Several of the top brokers also allow users to execute doubled up trades.

Drawbacks Of The Binary Options Double Up Strategy

The binary options double up strategy is designed to double the position of a trader, but this doesn’t always mean doubled profits. In fact, since binary options are an all-or-nothing trade, the chance of doubling your profit also comes with a chance of doubling your losses. Therefore, if your contract expires and the asset is out of the money then your loss will double.

We recommend against doubling up unless you have a tested, airtight trading strategy. It is also vital to be aware of potential losses, and to ensure you can afford to lose that amount should the asset move in an undesirable direction.

Furthermore, seeing as doubling up often only becomes available in the final phase before a contract expires, traders need to be able to act decisively and with confidence at that moment, so experience is recommended.

How To Use The Double Up Strategy In Binary Options Trades

The double up strategy is implemented part of the way through an existing trade, and allows the trader to double their stake and thus their potential profits when they are very confident they have made the right call. To use the strategy properly, your trade should be in the money when you double up.

Begin by selecting the asset you would like to open a contract on and choose a contract expiry time. The binary options contract length is particularly important in this strategy because doubling up takes place shortly before the contract is set to expire, and not when the contract is opened.

At the same time, trades are not doubled up at the last second before the contract expires; you will have a specific window during which you can choose to double your stake, and although it might be very close to when the trade expires, a lot can change in this time.

Doubling up on binary options trades is not a system that increases your win rate on trades, but a way to maximize gains from successful trades, so it should never be done without a solid trading strategy in place. Traders should also have a solid understanding of market volatility and know how to analyze trading charts effectively. This will inform you about the likelihood of your trade being in the money at the time of execution.

However, with binary options trades, the market fluctuates frequently, which is what makes them high risk – therefore even thorough graph analysis is sometimes not enough to accurately predict price movements.

When Not To Double Up

The binary options double up method can help traders to make more money from trades, but there are times when it should be avoided:

If you are in any of these situations, it’s better to execute your binary options in a safer way without doubling up, so that you don’t risk losing twice the amount of capital.

Getting Started With The Binary Options Double Up Strategy

In binary options, it is more common for traders to lose money than earn it, so it’s essential that you take all necessary precautions to make your trade a successful one. Here are some tips for getting started using the double up strategy in binary options trading:

Choose A Broker

To double up successfully you should first find reliable and trustworthy binary options brokers.

Check the platform offers doubling up and look for high-security features, user-friendly platforms, plus any welcome deals and promotions.

Educate Yourself

This trading strategy cannot be used effectively without a decent understanding of how to analyze charts and graphs and research the respective market. You can turn to educational resources such as videos, podcasts, strategy books, pdf downloads, and articles online. Some of the top brokers also provide free educational resources for beginners.

Avoid Unnecessary Risk

You can reduce the risks of this technique by choosing to trade an asset that you are familiar with, whether that’s US technology stocks or major currency pairs. Don’t risk funds on an asset you have zero knowledge of.

Practice First

Open a binary options demo account. This will enable you to practice your strategy and trades without risking any real money. You can then replicate the double up system in a live account setting when you feel ready.

Final Word On Binary Options Double Up Strategy

The binary options double up strategy can allow you to quickly double your profit. However, traders should not attempt to use this feature without being aware of its potential pitfalls – wherever there is a chance to increase profits, there is also the possibility that your losses will increase too. Traders should ensure that they have studied charts extensively and are confident in their bet before placing a double up on a binary options trade.

FAQs

What Is The Double Up Strategy In Binary Options?

The double up strategy is a feature that can be used to double your trade during the last moments before the binary option expires. This means that if your trade expires and is in the money, you will make double the profits. However, losses are also doubled if the trade moves in the wrong direction.

Is The Double Up Strategy Good For Binary Options?

The double up strategy can be used in different kinds of trading, and while it can make traders a lot of money when implemented in binary options, it can also result in larger losses than other kinds of trading. This is because binary options are an all-or-nothing trade; if your prediction is wrong, your entire stake is lost.

Can I Use The Double Up Strategy As A Binary Options Beginner?

The double up strategy is one of the easiest features to apply to binary options trading, so traders of all levels can use it. However, unless you know how to do market research, analyze charts, and have an in-depth knowledge of the price movements of the asset you are trading, the method can be very risky.

Is The Double Up Strategy Dangerous For Binary Options?

Binary options pose a high risk to traders, and doubling up puts double your money at risk. To avoid losing more capital, traders should be sure they have in-depth market knowledge of the assets they are trading. It could also be worth testing your binary options double up strategy on a demo account first.

Do All Binary Options Brokers Offer Doubling Up?

The binary options double up strategy is becoming more widely used, but not all brokers offer it. Therefore part of the process of using this technique is finding a reliable broker that offers it alongside everything else you need. We have compiled a list of the best binary options brokers.