We’re excited to announce the launch of lookback options that allow you to “look back” on the life of a contract to determine the payout you’ll receive.
How do lookbacks work?
We offer three types of lookback contracts:
Win the multiplier times the high minus close
Win the multiplier times the close minus low
Win the multiplier times the high minus low
High, low, and close refer to specific points during the contract period:
- High – The highest point ever reached by the market
- Low – The lowest point ever reached by the market
- Close – The contract end time
How to calculate the payout of lookback contracts
Each trade allows you to define the multiplier for each contract, which will be multiplied with the difference between specific points during the contract period.
For example, if the market has a close of 6,000 and a low of 5,200 over the contract period, then a ‘Close-Low’ lookback contract with a multiplier of $2 would have a payout of (6,000 – 5,200) * 2 = $1,600.
Available markets and trading hours
Lookbacks are available on Volatility Indices –– our synthetic assets that simulate market volatility. Trading is available 24/7 and you can purchase your first contract with a minimum multiplier of $1 on a fiat account, or 0.01 on a crypto account.
Start trading lookbacks on your virtual and real accounts today.