Written by: Sophie May
The One Touch platform is perhaps the most unique of the various binary options platforms, offering a very high return if the asset value touches a specific level at any time during a week of trading.
Advantages
The greatest appeal is undoubtedly the high profits offered if you trade successfully on this platform. Profits of up to 500% of your investment are remarkably high and far outweigh the returns on any other binary options platform.
Plus you have multiple opportunities to win the trade. If you are not in-the-money at the end of the trading day, the system will automatically enter you into the trade the following day, and continue to do this for the entire week, until either you finish in-the-money or the trading week ends.
The platform is perfect if you believe that the price of an underlying asset is likely to reach the predetermined level during the week, but are uncertain about the sustainability of this set price.
How it works
Whereas the other binary options platforms require you to simply predict the direction of the underlying asset, the One Touch platform comes with a predefined rate needed for any given trade to be successful. If the asset you are trading touches this level at 17:00 GMT on any one day during the trade, hence the name of the platform, then you win a payout of up to 500%.
One Touch options can be purchased only when the market for the asset is closed, typically at weekends. The system automatically enters you into the trade at the start of the trading week. If the asset has reached the predefined level at 17:00 on Monday, this is considered a successful trade and you will receive the agreed payout. If the asset value has not reached the desired level, the system automatically enters you into the trade on Tuesday, and repeats this patterns until the end of the trading week on Friday. This gives you five days and five chances to win. If at the end of Friday, the trade was unsuccessful, the investment amount is lost.
This means that after a successful trade, you would win back the full investment amount plus 55% profit, and should the trade end out of the money, you would receive back 30% of the full investment amount.