Today, I’m going to show you the 4 outstanding differences between binary options and smart options.
Many investors have made millions and will still continue to make more while trading either binary or smart options.
This is true as we see in the case of Mr. Muhammad Ismail from Pakistan who won $13,452 US dollars from IQ Option.
Here is a review of all you need to know about IQ Option.
This information is simple and very important for all who want to engage in either trading binary options or smart options.
Let’s dive right in…
Post Summary
Here is an outline of the things you will learn in this post;
- What Is Binary Options?
- What Is Smart Options?
- 4 Outstanding Differences between Binary Options and Smart Options.
- Conclusion
What is ‘Binary Options’?
The word “Binary”, means involving two things/composed of two things. A binary option is a financial trading platform with a fixed payout that depends on the predicted outcome either yes or no after a certain amount of time.
If your prediction is correct, you receive a fixed payout (money), but if it was wrong you lose your initial stake and nothing more.
Binary options are usually traded in the US dollar. But recently, binary options brokers like Expert option included bitcoin in their trading platform.
The time frame in a binary option can be as little as 15sec, making it possible to trade hundreds of times per day across any global market.
here are the 5 best binary options trading platforms in Nigeria.
What is ‘Smart Options’?
A smart option is a financial platform where a trader puts a fixed amount and makes a profit only when his prediction is correct after a particular time frame expires.
In smart options, the expiration time can range from either 5mins, 3mins, or as quick as 30sec. An investor can trade smart options on several different assets, including cryptocurrencies, stocks, currency pairs and much more.
Spectre.ai is an example of a smart options trading platform.
Smart options is an advancement in Binary options, it is binary options + additional features.
4 Outstanding Differences between Binary Options and Smart Options
Here are the 4 outstanding differences between binary options and smart options.
| Binary Options | Smart Options |
| 1 When a bet is placed on an asset, it cannot be closed even if the trade will result in loss. | Early closure option is enhanced. A trade can be closed before the expiry time. This help to reduce losses in trade, or to take profit before the end of the trade. |
| 2. Many brokers engage in fraud. They manipulate their systems to make winning very difficult. | Their systems cannot be manipulated since their platforms are mostly decentralized. Hence winning is based on one’s strategy. |
| 3. Transactions are handled by the broker. Thus they might refuse to let people withdraw their money. | All transaction is verified on the blockchain platform. Withdrawal/payments are quick and not restricted by anyone. |
| 4. Protection is not implemented on your capital. If you lose, you lose and nothing more. | 1% - 75% protection is implemented so that you don’t lose all your capital if the trade goes against you. |
Conclusion
With all said in this post, I believe that we have now known;
- what ‘binary options’ and ‘smart options’ is,
- the 4 outstanding differences between binary options and smart options.
Now it’s your turn, tell me
Have you tried out any of this ‘options trading’?
if you have,
Which other differences do you think should be on the list?
Also, if you have any other questions from this post, please quickly let me know by leaving a comment below.
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