Based on rising number of users and growing demand by our customers, we are glad to announce VertexFX Binary Option Plugin.
Binary option is a type of trading option based on a simple Yes/No market proposition to expect if the market will go up or down in a certain amount of time (Depending on Payout value).
If you want to use the Binary Option live, you will have to request it from your Dealing Room.
After you install the plugin, go to plugins tab in VertexFX client terminal and you will find new icon (Binary Option).
Note: To launch the plugin, your VertexFX Client Terminal must be connected.
In VertexFX Binary, the client must put his invest value, then choose payout value (Different Payout Rates) and expiration time. After position gets expired, the Binary Backoffice will calculate the profit/loss depending on Payout and Invest values.
A trader who expects that GOLD price will go above (1191.62) at 3:00 PM can make a Call option, while on the other hand, a trader who expects that the GOLD price will go below (1191.62) at 3:00 PM should make a Put.
At 2:00 PM the GOLD price is (1191.52), the trader who believes that price will increase he should place Call position for GOLD above (1191.62) at 3:00 PM with invests ($400) and Payout (180%).
The trader’s gross profit/loss in this example depends on payout value (180%). He can lose all the money he invested, which is in this example ($400), or the trader makes a gross profit (Payout (180%) * invest value (400$) = 720 $.)
If the GOLD price goes above (1191.62) at 3:00 PM, the trader's net profit will be the gross profit subtract the cost of the option: $720 – $400 = $320.
In this example, at 3:00 PM, if GOLD have closed at (1191.42), the option will be expired and client loses the cost of his Call position (400$ Invest value).
When the software is installed, go to plugins tab in VertexFX Backoffice and you will find a new icon (VertexFX Binary Option Backoffice). To connect the plugin you need to use a valid VertexFX dealer login credentials.
Note: This plugin is responsible for handling, monitoring orders, calculate profit /loss and perform all money transactions.
Binary Backoffice plugin can handle orders in two methods:
In VertexFX Binary, the client must put his invest value, then choose payout value (Different Payout Rates) and expiration time. After position gets expired, the Binary Backoffice plugin will calculate the profit/loss depending on Payout and Invest values.
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