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A binary option is a financial exotic option in which the payoff is either some fixed monetary amount or nothing at all. The two main types of binary options are the cash-or-nothing binary option. Binary options" are based on a simple 'yes' or 'no ' proposition: Will an underlying asset be above a certain price at a certain time?

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IQ Option was established in 2012 and it has favorable reviews on the internet. It uses in-house software for trading. Belgium, Japan, Turkey, Israel, Iran, Sudan, and Syria are not accepted.

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