BetOnMarkets Updates Terms for Closing Binary Bets Before Expiry

BinaryOptionsNow | Published on November 15, 2011 at 12:54 pm

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BinaryOptionsNow – BetOnMarkets, one of the leading binary betting providers, just announced that as of the 17th November, 2011, it will introduce changes to the current buying and selling conditions for its wide range of binary bets.

The bookmaker has announced that it will change the conditions allowing you to sell a binary bet that has already been placed before its expiry time.

Here are the key elements of the change in policy:

Firstly, and as always, if you want to know if you’ll be able to sell your option before its expiry time, you should try to find if an offsetting option is available for purchase. If for example you place an ABOVE bet on EUR/USD that expires at 2 PM on August 1, an offsetting bet would be a BELOW bet on EUR/USD that expires at 2 PM on August 1; that is to say the opposite end of your binary bet. But if BetOnMarkets does not offer a BELOW bet on EUR/USD that expires at 2 PM on August 1, then it will not be possible to close the ABOVE bet before its expiry since that would mean no offsetting bet is available for purchase.

Secondly, it’s important to note that this decision will not apply to forward-starting bets which may still be sold before the bet’s period commences. A forwarding-starting bet means that the bet has been placed but the option period starts at some point in the future. So, you can still close bets if you have already placed them but the binary bet period has still not commenced.

 

BetonMarkets.com is a binary betting trading platform that offers a very different approach to traditional methods of trading binary options. With this unique approach, traders do not really invest in binary option contracts, but rather place bets on various potential trading outcomes of financial assets. Click here to read our BetOnMarkets Trading Platform review.

Visit BetOnMarkets Now.

 

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