Binary Options on MT4 and MT5 is a standalone client-side program that interacts with MT4 / MT5 without using DLL/EXE files in the MT4 and MT5 client terminal. The BO plugin can be utilized by a broker to increase revenues from their existing client base or as a tool to attract new clients to MT4 and MT5 for both Binary Option and Forex trading.
Binary options are a type of financial derivative where the payout is either a fixed amount or nothing, based on whether the price of an underlying asset (like stocks, currencies, or commodities) is above or below a certain price at a specific time.