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One hour from now the option contract expires (closes) and the contract is graded as a win or a loss, or in the money / out of the money. Gold goes up to 1613, you predicted correctly. You get your 100 back and a return.
For their business model to be successful, more clients need to lose than win. However, this in itself does not make this a scam as all financial trading are zero-sum games. Your wins come from someone else's loss and vice versa. It is only a.
In fact, they provide traders alternative methods to trade stocks, commodities, indices as well as currencies; even financial events. Since the term binary indicates, it is an all-or-nothing trade, you will either gain or lose if you choose to remain in your trade until expiration.
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