IG Broker renamed Binary Options to Digital 100s

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IG Broker Introduced Digital 100s

Famous forex brokerage company IG has changed the name for binary options. Traders that decide to trade with IG broker will find binary options under a new name – Digital 100s. We haven’t found official IG press release about this decision, probably because the company didn’t’ want to make a noise regarding this decision. Binary options have recently started to relate with a negative connotation and new name seems to be the smartest thing for binary brokers. Read more about IG broker in our detailed review.

IG Broker Started Different Strategy with Digital 100s?

IG broker is a well-known brokerage company that serves its services from early 1974. Besides binary options features, this broker is also specialized for forex trading, spread betting and CFDs. traders have probably heard that this broker is regulated by FCA, under license number 195355. It seems that IG broker continues to offer binary options services but only under a different name.

IG company has its headquarters based in the UK and it has offices in 15 countries. This broker operates worldwide and as we have already mentioned, it is regulated by FCA regulator. The company has obviously decided to remove the term “binary options” from their dictionary. This means that traders can continue to trade with binary options , only with a new name – Digital 100s.

New traders that plan to register with IG broker, can find various types of binary options/digital 100s types: One Touch, Targe, Hi-Lo, Tunnel, Ladder options etc.

Binary Options Reputation is Weakening?

Most traders probably know the fact that binary options are often attacked by financial regulators worldwide and they are usually compared with gambling. It is no surprise that those instruments have the negative connotation because they have very risky nature. There are several countries that have issues with this type of investment.

Binary Options/Digital 100s Banned for Advertising in Several Countries

France has banned online advertising of binary options, mentioned that binary options are highly speculative and risky financial contracts”. In August 2020, Belgium has banned the distribution through online channels for spot forex, binary options and CFDs with leverage. There are more and more countries that are currently considering to ban advertising on binary options. As far as we know, Germany and Netherlands may be the next countries that will apply this decision.

What will happen next we don’t know, but for now we are sure Digital 100s will be log be available for traders worldwide.

IG Move To Digital 100’s

Published on January 15, 2020

The leading UK brokerage company, IG Index (part of IG Group), has given their online binary options products a new name. The company has switched to calling the product ‘Digital 100s‘, a reference to the trade outcome from the contracts.

The product remains an exchange traded ‘binary’ outcome contract, offered over the huge range of underlying assets that IG trade. The contracts have a maximum price of 100, hence calling them ‘Digital 100s’. Traders are given the opportunity of buying or selling their contract for a particular price, with the minimum settlement of a contract set at 0.

The client will win once a deal expires if they have correctly predicted whether the given direction is up or down. Exchange traded options also offer the trader the chance to close their trade early – either to cut losses or bank gains.

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Why Have IG Group Renamed Binaries?

The most likely cause of IG Group’s decision to rename their product is to distance it from recent bad publicity where binary options are concerned. Several companies in the industry, including major broker Banc De Binary, have recently seen a dramatic downsizing or even closed. At the same time, stories of scams have been spreading through the EU like wildfire.

Due to the instant nature of news in the modern age, the old adage of any publicity being good publicity is not always the case. With Google search results spitting out so many negative news stories for anyone searching ‘binary options’ it’s easy to see why a company would choose to give their product a name that wouldn’t carry those negative connotations, however inaccurate or ill-informed they may be.

In light of the current climate, this updating of marketing strategies would seem prudent, and it’s likely that other companies will follow suit, moving away from the ‘binary options’ label in order to avoid being tarred with the same brush.

Binary Trade Evolving

European regulators have also been swift to make dramatic changes to their products in light of recent events. CySEC, for example, have altered their binary options regulations considerably in a bid to move away from the negative associations that are starting to be associated with the investment. The result of this is that technology providers are starting to adapt to these new regulatory frameworks. One example of this is Tradologic, who are set to launch a new binary options exchange named Binarex.

IG Broker renamed Binary Options to Digital 100s

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