Finspreads has launched a binary betting product

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The IFX Group\’s subsidiary has entered an high growth segment of the spread betting market.

Binary betting like spread betting, allows punters to take a view on whether a market is going to go up or down. The key difference and advantage is that from the outset punters know the maximum loss or maximum gain.

Binary bets are similar to fixed odds bets. The main difference between the two is that, unlike a fixed odds bet, with a binary bet punters can take the profit before the expiry of the market.

“Product innovation and development have been significant drivers of Finspreads\’ success. Our binary bets product continues this trend, bringing a fresh approach to the financial spread betting market,” said Edmond Warner, CEO of IFX Group.