IG Group Renames Binary Options Product ‘Digital 100s’

[kreslik.news]

Leading UK brokerage IG has renamed the binary options product on its website. The company is now using a new name for the same type of all-or-nothing binary outcome contracts. The company calls the contracts ‘Digital 100s’, which stands for the outcome of the trade.

Traders are given a certain scenario for a number of assets. The maximum price of a contract is 100, hence the name of the product. Traders have the opportunity to buy or sell the contract at a certain price with the minimum value of the contract being 0.

When the deal expires, the client wins if the ... (read more)