Here’s how to start trading knock-outs with us.
- Open an account
If you don’t have one already, create an account.
- Activate knock-outs
Once you’re set up, tap the ‘Discover knock-outs’ banner on the homepage of the app and follow the instructions. You’ll have to answer a few questions to determine whether knock-outs are appropriate for you.
- Watch our in-app tutorial
Tap the ‘Intro to knock-outs’ banner for a quick tutorial on how to use them.
- Answer the questions
You’ll have to answer three questions about knock-outs to test your knowledge.
- Choose your market
Congratulations! You’ve activated knock-outs. Use the suggestions in ‘Home’, or search for the market you want by tapping ‘Search’. Once you’ve found your market, tap on it to open a deal ticket.
- Choose your direction
Think the market’s going to go up? Tap ‘Call’. Think it’s going to go down? Tap ‘Put’. It’s that simple.
- Choose your trade size
Enter the amount you want to risk, or the number of options you want to buy.
- Choose your knock-out level
Move your knock-out level closer to the opening price, and the trade will become cheaper to open – so you’ll have the same upside exposure for less monetary risk. However, your risk of being knocked out will go up.
Move your knock-out level further away, and your initial spend will be higher. However, you’re less likely to be knocked out.
- Choose a stop-loss and take-profit.
If you like, you can swipe to choose a non-guaranteed stop-loss or take-profit target.
These will close your trade automatically at the levels you specify, to protect against risk or lock in profits.
However, they are subject to slippage. Your knock-out level, on the other hand, is always guaranteed.
- Check your order details
Tap the ‘i’ icon to get a complete overview of your trade, including:
- How much you’re risking
- Your trade’s full exposure
- Your knock-out fee
- Overnight funding adjustments
- Tap ‘Call’ or ‘Put’
That’s it! Well done – you’ve just placed your first knock-out option.
Knock-out options are available only for selected countries.