The Australian binary options market gets access to a new kind of binary options product with DMM FX Australia introducing ladder binary options – a product which is typically found only in Japan.
The big difference with Japanese regulated binary options contracts though is the expiration term which is available for clients. Customers of DMM FX Australia will have only 3 minutes options at their disposal.
Once a client choses the instrument, a selection of predetermined expiry levels is presented depending on the amount of risk the customer is willing to take. With the first option being to chose between a 1:1 risk-reward ratio, those are extended to 1:2 and 1:4. The spread added to the expiration price depends on the currency pair and on the trading environment.
Clients can bet every 60 seconds, however the expiration time remains fixed to three minutes.
DMM FX’s CEO Koji Miura commented about the company’s latest offering, “We have introduced the DMM FX Binary Options Trading Platform and Website. This is a great alternative for anyone looking to trade with a greater degree of risk certainty and ease. The risk and reward is clear prior to placing a trade. Our web-based platform caters for those new to trading through to experienced traders.”
DMM FX Binary Options are available for the following pairs: AUD/USD, EUR/JPY, EUR/USD, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, and USD/JPY.
The launch comes a year after the Japanese brokerage made is foray into the Australian forex market and its binary options offering is fully regulated by the Australian Securities and Investments Commission (ASIC).