Binary Trading Questions
1HOW MANY OPTIONS CAN I PURCHASE?
You can purchase as many options as you like however, there is a limit to the total value of your open options or positions. This limit is subject to change in different countries and currencies.
2WHAT IS THE MAXIMUM INVESTMENT AMOUNT?
The maximum investment amount for a single High/Low option varies between countries and currencies. Please speak to a member of our team for confirmation of the corresponding amount in your location.
3AN OPTION EXPIRING AT THE STRIKE PRICE – DO I MAKE PROFIT, OR LOSE MY MONEY?
In this case you will neither lose money or gain a profit however, you will receive 100% of your initial trade investment back
4WHAT IS AN OPTION INVESTMENT AMOUNT?
An investment amount is the amount of money invested by you in an option.
5WHAT IS THE DIFFERENCE BETWEEN ‘ IN THE MONEY ‘ AND ‘ OUT OF THE MONEY ‘ EXPIRY?
When expiring “in the money” your option has acted as you predicted and has gained the return on your initial investment. An option expiring “out of the money” is an option that hasn’t reached its strike price and as a result you lose your investment. For example, an option expiring “in the money” would be a high option expiring above the strike price, or a low option closing below its strike price. An option closing “out of the money” is an option that hasn’t fulfilled your expectations of the market.
6A PURCHASE PRICE OF AN OPTION – WHAT DOES IT MEAN?
Every option has its strike price. A strike price is decided by the broker according to certain pricing updates and market movements. The platform presents its strike prices at which it is willing to sell the option. Users can buy an option on both sides of the strike price (high or low) according to what they believe the future price will be.
7WHAT IS AN OPTION EXPIRY TIME?
An expiry time is the exact date and time when an option finishes and is no longer tradable. The expiry time for each option is visualized on the trading platform and is adjusted to the user's time zone.
1Can I close my binary option before the expiry time?
Yes, our platform allows traders to close out of their open positions early, which will allow you to lock-in profits or curb losses.
2Can I extend or roll over my binary option to another expiry time?
Yes, the extend feature on the platform enables traders to extend the expiration time of a particular option.
3Can I double my trade amount on a winning trade?
Traders can increase trade amount on an open option which looks poised to make a profit and receive a double payout on expiry, if the prediction was correct.
4What is the minimum amount I can place per trade?
The minimum amount for a single binary option varies between countries and currencies. Please speak to a member of our team for confirmation of the corresponding currency minimum amount in your location
5What is the maximum I can place per trade?
The maximum amount for a single binary option varies between countries and currencies. Please speak to a member of our team for confirmation of the corresponding currency maximum amount in your location
6How do I view my trading history?
You can view your trading history by clicking the trading history tab
7How are your binary options priced?
The binary options on our platform are priced and settled based on the official live Reuters price.
8In which timezone are your binary options displayed?
All our binary options are displayed as GMT and are synchronised with the official markets.
9Do you offer demo accounts?
We do not offer demo accounts however we recommend that you contact us and one of our knowledgeable team members will be able to help you to set up an account and provide a platform tutorial.
10Can I make more than 1 trade at a time?
You can make as many simultaneous trades as you would like. There are no restrictions on the number of trades you can make at any given time.