It is the fastest form of trading and sometimes also referred to as ‘60 seconds options’. Turbo options get their name from the fact that they are traded at a very high pace, which makes it very popular. The basic principle of binary options stays the same as to choosing the direction the underlying value of an asset will go: up or down (‘call’ or ‘put’).
The main difference with regular binary options is the expiration date and the way it works. With up/down options fixed expiration dates/times are set and it is for you to choose at which of those expiration moments you would like to speculate on. Where turbo options get different is not only that it is a shorter period, but also that it works more like a countdown. This means that you choose the expiration time (1 minute for example) and your chosen expiration time starts counting from the moment you place your turbo option trade.