The Bottom Line Binary options are financial options that come with one of two payoff options: a fixed amount or nothing at all. That's why they're called binary options—because there is no other settlement possible. The premise behind a binary option is a simple yes or no proposition: Will an underlying asset be above a certain price at a certain time? Traders place trades based on whether they believe the answer is yes or no, making it one of the simplest financial assets to trade.
Who delivers the best binary options asset lists? Who cares.
The Most Comprehensive Asset Lists I was recently asked the question, where to find the best asset lists? This person wanted to know who had the best, most comprehensive, list to trade because that is where they wanted to trade. My answer stunned them — The most comprehensive asset lists are usually found at the shadiest brokers.
Recognise that giant list for what it is, a marketing tool. Something to remember. The number of assets, and expiries for each asset, that are available to trade is often limited by the number of traders using the platform, market action and other factors intended to limit risk for the broker.
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This is why using a well known and trusted broker is crucial, they need to have enough traders to keep a wide range of assets open for trading and you should trust that assets on the list will be open for trading. This means you will usually find about a dozen forex pairs up to two dozen, about the same with stock indices.
Commodities are usually limited to oil, gold and silver but can sometimes include corn, soybeans, wheat, cotton and even a few others. Stocks are more difficult to judge, some brokers will advertise a hundred stocks or more but again, it really comes down to how many are actually available. Some broker list more exotic assets.
Bitcoin is the most commonly found but there are others. When checking out a brokers asset list you should of course start with their published list but take it a step further. You have to sign up for an account, without depositing of course, and take a look at the trading platform.
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The fact that options may be closed for trading are not a deal breaker but you should be aware if an asset you like to trade might not be available at a given time. Also be sure to check each type of option and expiry as the less popular styles like what are binary options assets, one touch or long term typically have fewer asset choices.
Regardless, when it comes to straight up digital binary options you should at least be able to find the most commonly traded in each category, if not move on to a different broker. Commodities covered above Oil and precious metals. Yes, you really do need a diverse asset list. You need to be able to trade across asset classes, and to differentiate between the top traded assets in each class.
So long as you have exposure to each, all you need is a handful of assets. You will never be able to trade them all for one and if you try you will go crazy trying to keep up with them all. Taking it further, there are only so many assets that you should be trading anyway.