BinaryOptionRanking symbolBinaryOptionRanking
GlossaryPricing & settlement

Strike price

The reference level against which the contract outcome is evaluated.

Binary options glossary definition visual
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 Strike price differs from related terms

Strike price is often researched beside Strict strike condition and Entry price and Inclusive strike condition. The labels can appear in the same workflow, but they do not describe the same field or condition.

01
Strict strike condition

Price must be strictly above or below the reference; equality does not satisfy the condition.

02
Entry price

The reference level recorded when a broker accepts a contract, distinct from any indicative price shown before submission.

03
Inclusive strike condition

Equality counts toward success, as in at or above or at or below the stated strike.

Detailed explanation

How Strike price works in practice

01
Mechanics

The strike is a contract reference level, while entry spot, selectable barrier, upper and lower boundary, chart quote, exit spot, and settlement value can be different fields. The outcome also depends on strict or inclusive equality.

02
Worked example

Test values below, above, and exactly equal to the strike. Save full precision because a screen rounded to 100.00 can conceal a stored value of 99.995 or 100.004 and produce a result that looks inconsistent.

03
Decision rule

Confirm the price source, quote side, selection rule, equality rule, observation period, correction policy, and history field. Moving a strike changes the contract condition and displayed payout, not an observable probability.

Practical use

Place the term inside the broker workflow where it matters

Strike price means the reference level against which the contract outcome is evaluated. A glossary definition becomes useful when it is connected to the exact contract, account, payment, market-data, platform, or legal step in which the broker uses it.

A neutral example

Record where the term appears, the value or state beside it, the rule that changes it, the account or product scope, the date observed, and the evidence retained after the task is complete.

01
Published meaning

Broker definition and applicable terms.

02
Observed state

Dated account, product, platform, or payment screen.

03
Consequence

What changes for settlement, access, cash movement, support, or risk.

In a broker review

How to use Strike price in a comparison

In a broker review, do not read Strike price 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 Strike price commonly compared with?

Strike price is commonly compared with Strict strike condition. Strict strike condition means: Price must be strictly above or below the reference; equality does not satisfy the condition.

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.