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Profit and trading cost of a binary option are independent of the time frame. So you can trade on very short time frames, which would be difficult, if not impossible with real options or other financial instruments. You can find a discussion of this problem.
There are a few different variations of these trades, and some of the more exotic versions can have pretty high payouts, some around 300 percent, depending upon the broker. One example is a one touch trade with a really far off target price. Usually, in.
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