Turbo Binary Options

Turbo binary options are short-term financial contracts that typically expire within 15 or 30 seconds. They offer fast-paced trading with the potential for quick profits. This tutorial will explain how turbo binary options work with strategy examples. We also look at how to get started and list the top turbo binary options trading brokers.

Turbo Binary Options Brokers

#1
Pocket Option
Bonus
50% Deposit Bonus
#2
IQCent
Bonus
20% to 200% Deposit Bonus
#3
Videforex
Bonus
20% to 200% Deposit Bonus

Turbo Binary Options Explained

Turbo binary options are a popular category of binary options. They are distinguished by their short expiry time, which is the point at which a trade is closed and settled. Most turbo binary options expire within five minutes, while the shortest contracts expire after just 5 seconds at Pocket Option.

Their short-term nature lends them to specific strategies and assets with high volatility, for example, cryptocurrencies like Bitcoin. However, their pace also means traders need a reliable broker that offers rapid access to the financial markets with technology-enabled analysis and order tools.

How Turbo Binary Options Work

Turbo binary options are straightforward. Traders predict the price movement of a particular asset, such as Tesla stock, and if the value moves in that direction by the time of expiry, they win a pre-determined payout. And because the odds are fixed in advance, traders know how much they stand to win or lose before purchasing the contract.

Due to the speed of turbo binary options, a steady flow of quotes is needed so that brokers can close options accurately at the time of expiry. This means that only assets with deep liquidity are suitable for turbo binary options, normally limiting them to major forex pairs, popular stocks and shares, precious metals like gold, plus large cryptocurrencies.

turbo binary options how it works

Turbo binary options have been compared to gambling because you are generally picking between two outcomes, either the price rises, or it falls. However, investors with a considered strategy can make money. In the right markets, there are also opportunities to buy multiple contracts throughout the trading day.

Contract Types

There are several different types of turbo binary options contracts:

Example

Turbo binary options are best explained through examples…

Let’s imagine the price of Bitcoin (BTC) is currently trading at $45,000, but you believe it is about to rise. A high/low turbo binary option is bought for $100 with an expiry time of 30 seconds. The broker is offering a payout of 75%.

If the price of BTC increases to $45,005 after 30 seconds, you finish in the money and receive $175 ($100 deposit plus $75 profit). However, if the price drops to $44,995 after 30 seconds, you lose your initial investment of $100.

Let’s also look at a touch/no-touch example with an expiry of 15 seconds…

Apple (AAPL) stock is currently trading at $160 but you believe the price will hit $162 within the next 15 seconds. Your broker is offering a payout of 70% and you deposit $100.

If the price of Apple hits (touches) $162 after 5 seconds, the contract is automatically closed and you win $170 ($100 deposit plus $70 profit). However, if the price does not hit $162 at any point within 15 seconds, you lose your $100 deposit.

Because this was a one-touch option, the price only had to hit the target price within 15 seconds – it didn’t have to remain there at the time of expiry.

Benefits

Advantages of trading turbo binary options include:

Risks

There are also some drawbacks to turbo binary options trading:

Best turbo binary options trading brokers

Getting Started

If you want to start trading turbo binary options, follow this simple guide:

1. Choose A Broker

The first step is to choose an online broker. Use these comparison points to find the best option:

Select a market that you are confident with and decide whether the value of a particular asset will rise or fall. You can then purchase a suitable turbo binary options contract with an expiry of 5 or 30 seconds, for example.

4. Wait For Expiry

With turbo binary options, you don’t need to manually close positions. Because expiry takes place so quickly, you can often watch the markets and wait for your contract to finish in or out of the money. You could take out many contracts within an hour and watch them all close.

Turbo Binary Options Tips

These trading tips can help you refine your strategy:

Final Thoughts on Turbo Binary Options

Turbo binary options are an exciting and fast-moving way to speculate on popular markets. They are perfect for day traders, offering multiple opportunities in a single trading session. But remember, turbo binary options are risky, so heed our tips above to give yourself the best chance of success. Use our list of the best brokers to get started today.

FAQs

What Is The Expiry Time For Turbo Binary Options?

The expiry time is the point at which a trade will close. With turbo options, this is usually under five minutes and often just 5 or 30 seconds. Expiries vary between brokers and platforms.

Are Turbo Binary Options A Form Of Gambling?

Turbo binary options are not technically a form of gambling. However, they do share some similarities as there are generally only ever two outcomes, win or lose, much like placing a bet on the outcome of a football match.

Are Turbo Binary Options Halal?

This is up for debate so it is worth speaking to your religious leader for advice. Some brokers also offer Islamic-friendly trading accounts to support Muslim investors.

Can You Get Rich Trading Turbo Binary Options?

Trading turbo binary options does make some investors money. However, as with all forms of trading, it is risky and many lose capital. Trading turbo binary options is unlikely to make you a millionaire overnight!

Are Turbo Binary Options Safe?

Binary options are risky products. And while signing up with a trusted broker can help mitigate some of the risks, traders still need a sensible approach to money management.