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A binary option is a financial exotic option in which the payoff is either some fixed monetary. options, digital options (more common in forex/interest rate markets), and fixed return options (FROs) (on the American Stock Exchange).

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Simona Weinglass on prosecuting binary options firms, Times of Israel, 3: 06. A binary option is a financial exotic option in which the payoff is either some fixed monetary. the experience of former insiders such as a job-seeker recruited by a fake binary options broker, who was told to" leave [his] conscience at the door" .

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