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Binary Options FAQ

What is a binary option?

A binary option, also referred to as a digital option or an all-or-nothing option, is an option in which pay-out is determined at the onset of the contract. The trader receives a fixed amount of return if the option expires in-the-money, irrespective of how much the price of the underlying asset has moved. The trader never actually owns the asset. It is the security upon which an options’ contract is based.

What is an asset?

Asset is a commodity, index, stock, or currency pair that can be traded as a binary option.

What is the strike price?

The strike price is the price of the asset at the time of the purchase of the option.

What is the expiration price?

The expiration price is the price of the asset at the expiry of the time specified in the option. It is calculated according to the formula (Bid + Ask) /2.

What is the expiration time?

The expiration time is the date and time at which the option expires.

What is a call option?

A call option is an option that provides the trader with a predetermined profit when the underlying asset at the time of expiration is higher that at the time it was purchased.

What is a put option?

A put option is an a option that provides the trader with a predetermined profit when the underlying asset at the time of expiration is lower than when it was purchased.

What is the option value?

The option value is the price at which a trader acquires an option.

How much profit can I get?

If the option is closed “in-the-money” (the strike price is higher or lower than the expiration price, depending on the type of the option), you get a guaranteed profit specified in the option.

What happens if the expiry rate of a given underlying asset is identical to the rate at which the transaction was made?

The option expires At-the-money and the investment amount is returned to the investor.

What financial instruments do you offer?

We offer a full range of financial instruments, ranging from equities, to indices, commodities and currency pairs freely traded on world and national exchanges and markets.

What is the minimum deposit amount?
The minimum deposit amount is $10.
What is the minimum amount I can invest?

The minimum amount to invest in a single option is $1.

How long does it take to withdraw funds?

Generally, withdrawal requests are processed within 3 business days. After the request is processed, it takes an average of 2 to 9 business days to transfer money to your account, depending on the payment method.

Do I need any documents to withdraw funds?

The representative of our Company might ask you to send us some scanned documents, depending on the withdrawal method. All the information will be sent to your e-mail.

Are there any commissions upon making transactions with my trading account?

Our company does not take any commissions on your transactions. But such commissions can be taken by payment systems or the payment aggregator.

Why the quotes are present on your platform at the weekend when the markets are closed?

On weekends, we provide our traders with the opportunity to trade on OTC (over the counter) instruments. OTC or over the counter deal, is a transaction which was made directly between two parties without going public. This makes the quotes unique to our platform.

What is the maximum daily deposit for one trader?

The maximum daily deposit amount is $1,000,000.

What is the maximum withdrawal amount for one trader?

The maximum withdrawal amount is $1,000,000.

What is the minimum withdrawal amount?

There is no minimum withdrawal amount.

What is the Bid Price?

Bid is the price the buyer is willing to pay for a financial instrument. It is always less than the "Ask" price.

What is the Ask Price?

Ask is the price at which the seller is willing to sell the financial instrument. It is always bigger than the "Bid" price.

How can I confirm a card that does not support 3-D Secure protocol?

If your card does not support 3-D Secure protocol, you will be prompted to confirm your card manually.
After completing the verification procedure, you will be able to replenish your trading account with a single click.

The procedure consists of a few simple steps:

1) After the first payment is made from your card that does not support 3-DS, you will be automatically prompted to pass a verification procedure.
2) The next time you deposit funds to your account, you can select the card you used previously.
3) In the dialog window, you will be prompted to accept the Card Verification Rules.
4) Then, a random amount ranging from $1 to $2 will be deducted from your bank account.
5) Check for the exact deduction amount specified in your Internet Banking system or SMS message from your bank and enter the deduction amount in USD into the appropriate field of the pop-up window.
6) You have 3 attempts to enter the correct amount.
7) After entering the correct amount, the card will be linked to your account in order to simplify payments in the future.
8) If the deduction amount is not entered correctly, the card will be unlocked from your account and subsequently you will need to specify all card details manually.

In any case, the deducted amount will be refunded within 10 banking days.

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