Frequently Asked Question (FAQ) of Trading in Binarycent
Binarycent Account
How can I fund my trading account?
You can fund your account by credit cards (VISA/MasterCard), Bank wire transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.1. Click Account funding-- Account funding
2. Choose account type and deposit amount
3. Choose Funding Method
Thats It.
If you want to deposit in Binarycent using Bitcoin, please see the video below:
How quickly the funds will be added to my trading account?
The funds will be available for trading immediately, once we receive a confirmation from payment system.
What are the conditions for withdrawals?
For security reasons, identification of the person is required for all withdrawals, regardless of the withdrawal amount.The minimum amount allowed for withdrawal is $20.
1. Click Account Funding-- Withdrawals
2. Chosen withdrawal method should correspond to method used for deposit.
Please note: before accepting a withdrawal request, Binarycent may request a proof of identity and address of the requester. Withdrawal fees will be applied, based on type of trading account and acceptable withdrawal method. Withdrawals are normaly processed, using the same method as deposit was done. For security reasons, Binarycent doesnt process withdrawal requests to ewallets, bank and creditcard accounts, not belonging to a trading account owner. Please refer to terms and conditions for more information.
How quickly my withdrawal request is processed?
Binarycent processes all withdrawal requests within 1 hour.However verification may take longer time, if client didnt submit all requested documents in time.
Does Binarycent withhold a tax from payouts?
Binarycent doesnt withhold any taxes. However, as a customer, it is your responsibility to follow the taxes requirements in your jurisdiction.
How can I close my Binarycent account?
Please email at [email protected] to request closing of your account. You will receive a confirmation when this request will be completed.How to Begin Binarycent
What is CFD?
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.
What is binary option?
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.
What is cryptocurrency?
Cryptocurrency is a digital currency, which functioning is based on blockchain techology. Physically currency doesnt 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.
What is the minimum and maximum deposit amount?
The minimum deposit amount is $20 (or €), and the maximum - $100000 (or €).
Do I have to download any software for trading?
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.
Is there any maintenance or registration fee?
No, it is free to open an account with Binarycent.
How can I sign up?
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.
Binarycent Trading
How to Trade on demo account?
To receive demo account access you need to fund your trading account and contact customer support to get an demo account credentials.
How to Trade binary options?
To trade binary options, simply fund your account and login into the platform. You will see binary options trading by default.
1. Choose asset for trading. Currencies, Commodities, Crypto
2. Choose an Option Type and the Exact Expiration Time
Purchase Deadline is marked with an yellow line on the chart
or use "Fixed Time" button to set the full length option
3. Choose a trade amount. Minimum trade amount is $1.
4. Choose CALL or PUT options depending on your forecast. If you expect the price to go up, press "CALL" and if you think the price to go down, press "PUT"
5. The result of your trade will appear immediately after expiration of your position on your Balance
You can monitor the Progress of your Order under The Chart
How to trade CFD/Forex?
To start trading CFD, fund your account and login into the platform. On the top youll 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.
1. Choose asset for trading. Currencies, Commodities, Crypto
2. Enter the amount of current Asset, you would like to buy or sell, you will always see the available leverage and the required balance for opening the exact order.
3. Click the "Place Order" button to set the goal or stop the loss at a certain point
4. Click "Place"
The system will automatically close the posittion for you once you reach the preset frames, you always have an opportunity to close the position manually, simply choose already placed ordered under the chart and click "Close". Or Modification Order are available for you to manage the setups for Profits and stop-loss value and press update
5. The result of your trade will appear immediately after expiration of your position on your balance
Note:
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.
What time base is used by the platform?
The time is displayed based on Greenwich Time (GMT)
Payouts for assets
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 - follow successful traders
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.
Click "Follow" button to copy Trading.
Follow Successfully.
What is Margin Call?
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 -$950 (5% from free funds + opened positions margin), you margin call will be triggered.
What is Sell Out?
You can close opened position before option expiry time.Following conditions should be complied:
1. Option position should be in the money (in profit).
2. From the option open time passed at least 1/4 from chosen period.
3. Payout for the option will be calculated by next formula:
Payout before expiry = planned payout * past period coefficient - discount
Past period coefficient - ratio between time from start time till option action time
Discount - 10% from investment amount
If payout before expiry time get negative, then its deducted from option investment amount.
What is Double Up?
You can double up your investment on chosen option. When you double up trade, you will get duplicate position - asset, direction, amount and expiry time will be the same, but open price will differ. New positions will be opened by current market price.
What is Rollover?
You can move option expiry time on next period (to current expiry time will be added one period).Following conditions should be complied:
1. Opened position should be out of the money (not in profit).
2. Using rollover your investment amount will be increased on 30%. You need to have enough funds on balance.
3. Till option expiry time remaining 1/4 from chosen period.
Binarycent Offers
What are the conditions for Trading Bonus?
The bonus will be paid in the currency of your choice, selected upon registration only.The maximum bonus that can be awarded during any year to client is €/$ 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 clients 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 clients 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.
