What Are Binary Options – FAQ

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Binary Options & CFD trading FAQ

The bonus will be paid in the currency of your choice, selected upon registration only.

The maximum bonus that can be awarded during any year to client is €/$ 100000, depending on the currency of client account. Raceoption, at its sole discretion, may award additional bonus to client.

Bonuses are optional and will be granted only after client’s confirmation. In case if client by mistake accepted a bonus, he must notify customer support within 3 working days, without making any trading activity and the bonus will be removed from client’s account. More information about bonuses you can find in User Agreement.

When trading CFD, Bonus is used only as an additional margin for order volume increase, as a leverage and can’t be withdrawn.

In case of negative trading results, risk-free trades are compensated in the form of a trading bonus based on bonus provision rules. To use this service, you have to contact your account manager and get a prior confirmation.

You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.

The funds will be available for trading immediately, once we receive a confirmation from payment system.

For security reasons, identification of the person is required for all withdrawals, regardless of the withdrawal amount.
For account without bonus: trader has to reach a 100% turnover from deposited amount, to claim for for withdrawal.
For account with bonus: trader has to reach 300% turnover from deposited amount, to claim for deposited amount and profit withdrawal. More details in “User agreement”.

The minimal amount allowed for withdrawal is $50.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

Raceoption processes all withdrawal requests within 1 hour.

However verification may take longer time, if client didn’t submit all requested documents in time.

Raceoption processes all withdrawal requests within 1 hour. However verification may take longer time, if client didn’t submit all requested documents in time.

Raceoption doesn’t withhold any taxes. However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction.

Please email at [email protected] to request closing of your account. You will receive a confirmation when this request will be completed.

CFD – Contract for Difference.

CFD is type of financial asset which helps trader to gain and earn in a continuous way. By predicting the move of a currency, trader can choose to open BUY or SELL contract for any asset.

Binary options are a simple and potentially very profitable way to make money from short term movements on the market. By correctly predicting whether the price of an asset will go up or down, you can get a significant income in a continuous way.

Cryptocurrency is a digital currency, which functioning is based on blockchain techology. Physically currency doesn’t exist, it exist only in virtuality.

The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, Dash, Ripple. You can use these currencies to fund and trade.

The minimum deposit amount is 250$ (or €), and the maximum – 50000$ (or €).

There is no need to download something before you can start trading with Raceoption. All you need to do is sign up and add funds into your account and you’ll be ready to start trading.

No, it is free to open an account with Raceoption.

To sign up go to ‘Open an Account’ and enter the required information.
Please make sure the data you submit is correct and up to date.
In the future it will simplify withdrawal process.

To receive demo account access you need to fund your trading account and contact customer support to get an demo account credentials.

To trade binary options, simply fund your account and login into the platform. You will see binary options trading by default.

To start trading, choose CALL or PUT options depending on your forecast.

To start trading CFD, fund your account and login into the platform. On the top you’ll be able to choose CFD trading tab and start trading CFD.

You can choose BUY or SELL options, depending on your market forecasts.

It’s not permitted to trade CFD, if total account loss is exceeding total amount of deposits on the account.

When trading CFD, if balance drops to the level of bonus, an automatic closing of all open trades takes place – Margin call.

Example: You deposited $1000 and got bonus of $1000. If the loss in your account equals to $1000, bonus is automatically withdrawn and open trades are closed.

Bonuses are eligible on all CFD trades and are awarded by Raceoption up to 100%, based on your deposited amount. Bonuses are meant to give a trader an additional margin for maintaining positions and/or to open larger volume positions. With this statement client should understand, that Profit and Loss (PnL) always relates to client’s Net balance, not Bonus amount.

Bonuses awarded by Raceoption are not withdrawable or tradable separately.

The time is displayed based on Greenwich Time (GMT)

You can find payouts for different trading assets in the trading platform, on the right left side.

For example, you will see: EURUSD – 85%. That means if you will open trade with $100 investment, then in case of win you will receive $185 payout – $100 investment return and $85 of profit.

Copy trading service designed for novices and people who want to trade automatically without manual trades.

To get started, you need to fund your account and on the trading platform press Copy trading, then choose trader to copy from.

Margin call is account state when all your open trades will be automatically closed.
Margin call is triggered by 5% margin level (5% from free funds + opened positions margin).
For instance, you have $1000 on your balance and you open several positions.
In case your total floating profit/loss will reach -$950 (5% from free funds + opened positions margin), margin call will be triggered.

You can double up your investment on chosen option. When you double up trade, you will get duplicate position – asset, direction, amount and expiry time will be the same, but open price will differ. New positions will be opened by current market price.

You can move option expiry time on next period (to current expiry time will be added one period).
Following conditions should be complied:

1. Opened position should be out of the money (not in profit).
2. Using rollover your investment amount will be increased on 30%. You need to have enough funds on balance.
3. Till option expiry time remaining >1/4 from chosen period.

You can close opened position before its expiry time if the position is in profit on 0.1% or more.

After position is closed, investment will be returned back to your balance. 1/4 from chosen period.
3. Payout for the option will be calculated by next formula:

Payout before expiry = planned payout * past period coefficient – discount

Past period coefficient – ratio between time from start time till option action time
Discount – 10% from investment amount
If payout before expiry time get negative, then it’s deducted from option investment amount.

–>

What Are Binary Options? – FAQ

The bonus will be paid in the currency of your choice, selected upon registration only.

The maximum bonus that can be awarded during any year to client is €/$ 100000, depending on the currency of client account. Binarycent, at its sole discretion, may award additional bonus to client.

Bonuses are optional and will be granted only after client’s confirmation. In case if client by mistake accepted a bonus, he must notify customer support within 3 working days, without making any trading activity and the bonus will be removed from client’s account. More information about bonuses you can find in User Agreement.

When trading CFD, Bonus is used only as an additional margin for order volume increase, as a leverage and can’t be withdrawn.

In case of negative trading results, risk-free trades are compensated in the form of a trading bonus based on bonus provision rules. To use this service, you have to contact your account manager and get a prior confirmation.

You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.

The funds will be available for trading immediately, once we receive a confirmation from payment system.

    For security reasons, identification of the person is required for all withdrawals, regardless of the withdrawal amount.

The minimum amount allowed for withdrawal is $50.

Binarycent processes all withdrawal requests within 1 hour.

However verification may take longer time, if client didn’t submit all requested documents in time.

If you wish to cancel a withdrawal, please contact customer support as soon as possible. If the funds have not been debited from your trading account, you may be able to cancel the transaction as it may still be in process. However, if the funds have been debited from your trading account, the withdrawal may already have been processed.

Binarycent doesn’t withhold any taxes. However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction.

Please email at [email protected] to request closing of your account. You will receive a confirmation when this request will be completed.

CFD – Contract for Difference.

CFD is type of financial asset which helps trader to gain and earn in a continuous way. By predicting the move of a currency, trader can choose to open BUY or SELL contract for any asset.

Binary options are a simple and potentially very profitable way to make money from short term movements on the market. By correctly predicting whether the price of an asset will go up or down, you can get a significant income in a continuous way.

Cryptocurrency is a digital currency, which functioning is based on blockchain techology. Physically currency doesn’t exist, it exist only in virtuality.

The most popular cryptocurrencies are Bitcoin, Ethereum, Litecoin, Dash, Ripple. You can use these currencies to fund and trade.

The minimum deposit amount is 250$ (or €), and the maximum – 50000$ (or €).

There is no need to download something before you can start trading with Binarycent. All you need to do is sign up and add funds into your account and you’ll be ready to start trading.

No, it is free to open an account with Binarycent.

To sign up go to ‘Open an Account’ and enter the required information.
Please make sure the data you submit is correct and up to date.
In the future it will simplify withdrawal process.

To receive demo account access you need to fund your trading account and contact customer support to get an demo account credentials.

To trade binary options, simply fund your account and login into the platform. You will see binary options trading by default.

To start trading, choose CALL or PUT options depending on your forecast.

To start trading CFD, fund your account and login into the platform. On the top you’ll be able to choose CFD trading tab and start trading CFD.

You can choose BUY or SELL options, depending on your market forecasts.

It’s not permitted to trade CFD, if total account loss is exceeding total amount of deposits on the account.

When trading CFD, if balance drops to the level of bonus, an automatic closing of all open trades takes place – Margin call.

Example: You deposited $1000 and got bonus of $1000. If the loss in your account equals to $1000, bonus is automatically withdrawn and open trades are closed.

Bonuses are eligible on all CFD trades and are awarded by Binarycent up to 100%, based on your deposited amount. Bonuses are meant to give a trader an additional margin for maintaining positions and/or to open larger volume positions. With this statement client should understand, that Profit and Loss (PnL) always relates to client’s Net balance, not Bonus amount.

Bonuses awarded by Binarycent are not withdrawable or tradable separately.

The time is displayed based on Greenwich Time (GMT)

You can find payouts for different trading assets in the trading platform, on the right left side.

For example, you will see: EURUSD – 85%. That means if you will open trade with $100 investment, then in case of win you will receive $185 payout – $100 investment return and $85 of profit.

Copy trading service designed for novices and people who want to trade automatically without manual trades.

To get started, you need to fund your account and on the trading platform press Copy trading, then choose trader to copy from.

Margin call is account state when all your open trades will be automatically closed.
Margin call is triggered by 5% margin level (5% from free funds + opened positions margin).
For instance, you have $1000 on your balance and you open several positions.
If your total floating profit/loss will reach -$950 (5% from free funds + opened positions margin), you margin call will be triggered.

You can double up your investment on chosen option. When you double up trade, you will get duplicate position – asset, direction, amount and expiry time will be the same, but open price will differ. New positions will be opened by current market price.

You can move option expiry time on next period (to current expiry time will be added one period).
Following conditions should be complied:

1. Opened position should be out of the money (not in profit).
2. Using rollover your investment amount will be increased on 30%. You need to have enough funds on balance.
3. Till option expiry time remaining >1/4 from chosen period.

1/4 from chosen period.
3. Payout for the option will be calculated by next formula:

Payout before expiry = planned payout * past period coefficient – discount

Past period coefficient – ratio between time from start time till option action time
Discount – 10% from investment amount
If payout before expiry time get negative, then it’s deducted from option investment amount.

–> You can close opened position before its expiry time if the position is in profit on 0.1% or more.

After position is closed, investment will be returned back to your balance.

What Are Binary Options? – FAQ

In this section of our every expanding website we are going to take a look and present to you the most frequently and most commonly asked questions that novice or first time Binary Options traders who are based in Nigeria may have.

We have tried to be as completely and diverse as is possible in regards to putting these questions and answers together, however if you find you still have some questions that you need the answers to them carry on looking around this website as you will find the answers you are looking or if you do, as we have put together a very wide and diverse range of other questions and answers type guides and articles to enable everyone to get their head around how Binary Options work and operate and how you can quickly get involved in them.

    How old do I have to be to trade Binary Options trades?

Before you are permitted to start trading Binary Options online you will have had to have reached your 18th birthday, not Binary Options trading sites are going to allow you to sign up and start trading at their sites until you are at least 18 years of age.

What types of trading platforms are on offer?

There are several different online Binary Options trading platforms available, each one will be tailored to your experience in trading online, the most basic platform offers a very easy to use structure whilst some of the most advanced ones boast lots of additional features allowing users to tailor their own unique trading strategies. You are also going to find mobile trading platforms are on offer which will be compatible with most mobile phones and tablet devices.

Can I open a demo trading account?

You will have no problems what so ever if you chose to become a trader at any of our featured Binary Options trading sites in regards to you being able to access and utilize a demo trading account. You will be able to use that demo trading account to place all manner of risk free trades in the real money environment however all profits and losses when using a demo trading account with be in demo credits!

How long do bonuses take to get credited?

It can often be a case of as soon as you have made a qualifying deposit into a Binary Options trading site account that your bonus is going to be added to your account at the very same time, however all Binary Options trading sites will possibly have one of several different ways of crediting to you our new customer sign up welcome bonus and whilst some are automatically added other may need to get manually credited to your account or you may have to claim them separately, so always check the site you are a customer of for details of how to claim and get your Binary Options bonuses credited to your account.

Will I have to wait long to get paid my Binary Options trading profits?

You will be paid usually within 24 to 48 hours of you requesting a cash out form any of our featured Binary Options Brokers, but do be aware there are lots of other broking sites available online and those other sites can take weeks and occasionally months to pay you your cash outs so stick to those listed don our website to ensure you get paid rapidly and on time every single time you cash out!

Are Binary Options trading platform complicated to use?

You will find Binary Options Broking site trading platforms have been made as easy to use as is possible, and in fact as you can sign up and start to use them via a demo trading account you will be able to put them fully through their paces before you invest any real money and start trading for real. Please do test out several different trading platforms for whilst they are certainly not difficult to use what you will find is some of them have more advanced features attached to them which you may find very helpful and handy.

Do I have to place just one trade at a time?

You can have as many Binary Options trades open and in play at any time as you see fit, none of our listed Binary Options Broker place any limits what so every on just how many open trades any of their clients can have now do they have just a limited number of available trading options, and that means you will always be able to find the trades you are looking to place and can place as many of them as you wish.

What deposit and banking options are available?

You will be able to use debit and credit cards, Western Union and a whole host of different types of web wallets to both send funds into a Binary Options trading site account and also make withdrawals from such a site.

Is Binary Options trading legal in Nigeria?

Trading Binary Options in Nigeria is not illegal and as such you are free to place as many of them or as few of them as you see fit!

How can I spot profitable trades to place?

The only way that you are going to be able to truly master making repeated profitable winning trades is through experience. With that in mind you should always be aware of any breaking news stories and keep abreast of all of the current business and financial news stories, and also be prepared to act instantly once you spot a profitable trade!

What are binary options

What is the first thing that comes to your mind when you hear the word “trading”? – It’s probably numbers, constantly changing indices, quotes and profit which is extremely hard to calculate. Another word for it is “complex”. And it was, until binary options came to market. You don’t have to be an expert in economics to trade profitably in binary options. As it is a form of investing, it is obviously still not a piece of cake – you’ll need to spend some time learning how it works and how to make accurate predictions in order to be able to make substantial profit. However, the process itself is much easier than, let’s say, Forex.

Most forms of trading imply that an investor is actually buying an asset and his profits or losses depend on the changing value of the asset over various periods of time. In Binary Options, on the other hand, no real product is bought. Basics of binary options are fairly simple: based on market tendencies and some other factors, a trader makes prediction about movement of prices of various assets, which most commonly are currency pairs, precious metals and stock.

What assets can be traded at binary options

Binary Options can be traded with various types of assets. Most commonly they are currency pairs, commodities and indices.

How binary options work

One of the reasons Binary Options have become so popular is the simplicity of the process: there are just two types of predictions that are required: a trader should decide if the price of the chosen asset will increase or decrease. He then chooses how much he wants to invest and the expiration time of the deal. A trader profits from the return rate, which is stated before the option starts – that makes the outcome perfectly clear. For example, a trader thinks that in two hours the price of EURUSD pair will be higher than at the moment and chooses to invest $10 with 80% return rate. If after two hours the price goes up, – he receives $18 to the account. If it goes down the loss is only the initial investment which is $10.

More information on the topic you can find at How to trade binary options section of our website.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!

  • Binomo
    Binomo

    Good choice for experienced traders!

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How To Make Money on Binary Options Trading
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