A binary option is a type of options in which your profit loss depends entirely on the outcome of a yes no market proposition a binary options trader will either make a fixed profit or a fixed. Binary options deposits can be even lower from just gbp10 but are traded without margin futures require more and stocks require the most money to be invested in for day trading binary options offer low cost entry for anyone wishing to day trade their drawback however is a lack of leverage. This is when the trade will end and the point that determines whether you have won or lost these times can range from 30 seconds and 1 minute turbos to a full day end of day and even up to a whole year as an intraday trader though you will be more concerned with trading 5 and 30 minute binary options. Forex trading vs binary options comparison characteristic forex trading binary options strategy traders speculate on price movements of a currency pair and take a short or long position traders earn a fixed payout based on a win or lose outcome only access 24 5 asset trading hours costs broker spreads and or trading commission