IG Index/Binary Bet Rejections

Thanks DD. Does anyone know of any other companies offering 5 min binaries other than IG or Extrabet ?

markt99 - I respect what DD has posted but his opinion is just that . . . his opinion.
You will only know for sure if they are profitable for you and whether IG cap your winnings by playing the IG binaries yourself.
Of course, it's not easy to win consistently and profitably . . . infact it's damn hard . . . but it can be done.
A couple of reasons why, in my opinion, the 5 minute binaries are a good play:
1. there are so many of them; therefore one can quickly gain experience.
2. often the market is rangebound for most of the day after it has made its opening move thus making it difficult to make much intraday profit by a spread bet. The 5 minute binaries have the effect of amplifying small points moves and so most 5 minute periods offer the chance to make a profit.
Naturally, I wouldn't be so keen on them unless I was making consistent profits myself!!!
They suit me but won't suit everyone . . . so as I said you will only find out if they're for you by having a go.

Hey guys,
Which IGMARKETS do you trade? The US igmarkets does not have 5min does the UK one do?

thanks!

Thanks Sharepunter. It was 5 min binaries I am looking at simply because there are so many trading oportunities a day
Have you tried withdrawing your profits yet?

I've experienced no problems withdrawing profits.
Incidentally, awful day yesterday (Thursday).
Market character changed from the benign conditions of the past couple of weeks.

It looks as though IG have put me on manual execution as a number of my orders (but not all) have been delayed over the last couple of days. Coincidently, I had my most profitable week ever last week.
Oh well, guess I'll just have to adapt to the new conditions.

Do you think last week took you over some threshold - was in profitable in monetary terms or number of winning trades?

What's your bet timeframe? Minutes? Hours? Days?