Can you explain this to me? I looked into binary options a while back and found that they create their own indexes! With binary options, you need to pick an item like gold or crude oil, etc. Then you pick a price level and a time of expectation. That is, you expect gold to trade over $1350 today at 3:00pm. You place your option wager and you will either be right or wrong. No problem. We got that. BUT!!! They use their own indexes!! It isn't like you can watch the spot price of gold on Kitco or the Comex futures market. NADEX , probably the largest binary options firm has their own gold index. What keeps them from skewing the index based on how many contracts there are at any given time and price? Way to fishy and for that reason, I am out ô¿ô