The digital option combines the power of the binary option and the increase in the price of the underlying asset. So rather than have a fixed return, the return for a digital option is calculated based on how far away the price moves from the strike price. The further away from the price moves, the higher the return. The trade expiry for the digital option is 1 minute, 5 minutes and 15 minutes on the IQ Option platform.

Both option types have a predetermined expiry. Once the expiry period is reached, the position is automatically closed. The trade expiry for both is indicated by a vertical red line on your chart. Both option types require you predict whether the price will be higher or lower than the strike price on trade expiry.

IQ Option offers binary option and digital option for currency pairs and commodities. In terms of the number of assets available in the binary vs digital options battle, the former offers about 2 times as many assets available for trading. Binary options trading is dependent on the direction of the price relative to the strike price.

That is, whether the price will be higher or lower than the strike price at trade expiry. Digital options trading on the other hand is dependent on both the direction and the price distance from the strike price.

That is whether the price will be higher or lower as well as how far away the price will be at trade expiry. The return for binary options trading is fixed and predetermined at trade entry.

The return for digital options trading on the other hand fluctuates as long as the trade remains open. With binary options trading, the maximum amount you can lose is your trade investment. With digital option trading, your losses can be higher than your trade investment.

The further away the prices move from your prediction, the higher your percentage loss. Binary Options have expiry periods ranging from 1 minute to 1 month. The digital option on the other hand has trade expiry periods lasting 1 minute, 5 minutes or 15 minutes.

Binary vs Digital options do not have that many significant differences. Often the strategy used will determine which instrument you use. A simple example: If your method involves opening an option for an hour, digital options are out of the question because their longest expiry time is 15 minutes.

Once you've logged into your trading account, click on the select assets feature plus sign at the top of your trading interface. Next, select options then binary. Choose the asset pair you want to trade with. Use a Japanese candle chart with 5-minute interval candles. After analyzing the chart, enter the amount you want to trade.

Next, enter the trade expiry. While using 5-minute candles, the minimum expiry should be 5 minutes. You can learn more about trading candles in The Ultimate Guide for Trading Candles on IQ Option. Once you've logged into your IQ Option account , click on the select assets feature. Click on options and then select digital. Next, choose the assets you want to trade with. Set up a Japanese candle chart with 5-minute interval candles.

At the right of your chart, you'll see sets of boxes with prices in them. If you hover your cursor over these boxes, you'll notice that the higher and lower buttons have possible percentage profits you can earn. Once you've analyzed the chart and determined the direction the price will take, follow these steps:. As you've seen, binary options and digital options have similarities and differences. Digital options have a higher risk-return compared to binary options.

Now that you've learned about both, try them out in your IQ Option practice account today. We'd love it if you share your experience in the comments section below. General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. Average rating 4. com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform.

com offer a self build robot feature to design, test and implement automated trading strategies. IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area. com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types.

IQ Option are a leading Crypto broker. They offer multipliers, and a huge range of crypto markets. Cryptocurrency Trading is available via CFDs on the MT5 binary. com platform. IQ Option is a top-rated binary options and digital trading broker.

Trade on a user-friendly platform with a low minimum deposit. com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. IQ Option vs Select Broker com Celsius CGS-CIMB Charles Schwab Citi Self Invest City Credit Capital CityIndex CIX Markets CLMarkets CMC Markets CMSTrader CMTrading Cobra Trading Coinbase Coinmama CoinTiger Colmex Pro CommSec Core Spreads Corsa Capital CPT Markets CrescoFX Crypto.

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Compare Binary. com are the established pioneers of binary options. The choice of the advanced trader, Binary. com offer the greatest flexibility of any binary broker. They also offer Forex and CFD via the MT5 platform. com are the pioneers of binary options.

The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector. Forex Trading Binary.

com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types. Crypto Trading Cryptocurrency Trading is available via CFDs on the MT5 binary.

com platform. IQ Option is a top-rated binary options and digital trading broker. Trade on a user-friendly platform with a low minimum deposit.

Forex Trading IQ Option offer forex trading on a range of currencies. Spreads are on the high side and the brand do not excel in this area. Crypto Trading IQ Option are a leading Crypto broker. They offer multipliers, and a huge range of crypto markets.

IQ Option provide a superbly easy to use mobile app. Offering forex trading, plus some bespoke trading instruments of their own, IQ deliver a slick, secure platform for shorter term trades. Recent upgrades have synchronised the look and feel of both the Webtrader and mobile platform, making switching between the two, seamless. Try it out via the free demo account. com vs IQ Option Comparison Table Feature Binary.

com IQ Option. United States NOT accepted. Best Binary Options Broker - DayTrading. Most Trusted Broker , , , - BinaryOptions.

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ai World Forex. IQ Option vs Select Broker Is Binary. com or IQ Option better? Our overall rating of Binary. Use our comparison table to decide if you should pick Binary. com or IQ Option. For example, do Binary. com and IQ Option both accept traders from your country or maybe only one of them does? There are also differences in what their trading platforms offer and which assets can be traded. com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types Crypto Trading Cryptocurrency Trading is available via CFDs on the MT5 binary.

Spreads are on the high side and the brand do not excel in this area Crypto Trading IQ Option are a leading Crypto broker. com offer a self build robot feature to design, test and implement automated trading strategies.

Set up a Japanese candle chart with 5-minute interval candles. Next, choose the assets you want to trade with. No votes so far! Spreads are on the high side and the brand do not excel in this area Crypto Trading IQ Option are a leading Crypto broker. Next, select options then binary. com deliver advanced forex trading via the MetaTrader5 platform and 3 Account Types.

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