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GlossaryPricing & settlement

Expiry time

The moment when a binary-option condition is evaluated for final settlement.

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Direct answer

Where this term appears

Look for this term around the chart, strike or barrier controls, payout display, order confirmation, result history, or contract specification. The recorded value should be understandable before an order is confirmed.

Use the definition above together with the exact value, condition, timestamp, account, product, or payment context shown by the broker.

Do not confuse

How Expiry time differs from related terms

Expiry time is often researched beside Expiry cutoff and European-style binary option and Expiry-only observation. The labels can appear in the same workflow, but they do not describe the same field or condition.

01
Expiry cutoff

The final moment at which a contract can be opened or modified before settlement. This can differ from the displayed expiry time.

02
European-style binary option

A binary option whose settlement condition is evaluated at expiry rather than exercised before expiry.

03
Expiry-only observation

The contract checks its condition once at the stated settlement time rather than monitoring the full price path.

Detailed explanation

How Expiry time works in practice

01
Mechanics

Expiry can mean a fixed clock time or the end of a duration measured from acceptance or another entry event. The full timeline includes submission, server acceptance, entry tick, cutoff, observation end, and settlement credit.

02
Worked example

Record each event in UTC and calculate acceptance latency, accepted duration, and settlement lag. Compare a 60-second acceptance-start contract with a fixed 10:01:00 clock expiry; the same button label can produce different timelines.

03
Decision rule

Check timezone, daylight-saving, holiday, weekend, maintenance, rejection, missing tick, and path-dependent early-determination rules. A countdown alone is not a complete expiry specification.

Practical use

Build a timeline instead of relying on a countdown label

Expiry time means the moment when a binary-option condition is evaluated for final settlement. Timing terms can refer to client submission, server acceptance, entry tick, order cutoff, observation start, expiry, settlement, or market session. Each event needs a timestamp and timezone.

A neutral example

Record all available events in UTC, calculate acceptance latency, accepted duration, and settlement lag, then note daylight-saving, holiday, weekend, maintenance, and event-window effects.

01
Clock basis

Timer or fixed clock, timezone, daylight-saving rule, and start event.

02
Event chain

Submission, acceptance, entry, cutoff, expiry, and settlement timestamps.

03
Schedule

Asset session, holiday calendar, interruption, and restart policy.

In a broker review

How to use Expiry time in a comparison

In a broker review, do not read Expiry time in isolation. Match the broker's own definition to the relevant contract, account, pricing, payment, or platform screen and record the condition that changes its meaning.

Comparison context

Why it matters when comparing brokers

How to use this term

Pricing and settlement terms determine what the platform records, when the result is evaluated, and how the return is calculated. Small differences can change whether two displayed offers are genuinely comparable.

What it does not prove

A high displayed percentage or precise chart does not by itself establish a fair settlement process. The source, timestamp, quote side, cutoff, and exception rules still matter.

Broker checklist

What to verify

Check these points on the broker's product screen, account flow, terms, or help pages.

01
Displayed basis

Check whether the figure is gross return, net profit, refund, or another calculation.

02
Timestamp

Compare entry, cutoff, observation, and settlement times using the same time basis.

03
Price rule

Confirm whether bid, ask, midpoint, last price, or another quote determines the result.

04
Exceptions

Read tie, void, rejection, requote, outage, and correction rules.

Quick answers

Common questions

Short answers for users comparing binary options brokers and account conditions.

What is Expiry time commonly compared with?

Expiry time is commonly compared with Expiry cutoff. Expiry cutoff means: The final moment at which a contract can be opened or modified before settlement. This can differ from the displayed expiry time.

Why does this term matter when comparing brokers?

Pricing and settlement terms determine what the platform records, when the result is evaluated, and how the return is calculated. Small differences can change whether two displayed offers are genuinely comparable.

What should I check when comparing this feature?

A high displayed percentage or precise chart does not by itself establish a fair settlement process. The source, timestamp, quote side, cutoff, and exception rules still matter. Check the broker's definition, applicable terms, and account or product screen before relying on the label.