FAQ

Trading

 

  1. What are Binary Options?
  2. Binary Options are financial tools, which give you the power to make quick financial gains. It is also referred to as fixed-return option, which means that the options offer a fixed cash return upon expiring in-the-money within the expiry time. Binary21 currently offers as much as 100% profit for the range and one-touch binary options
  1. What is an Underlying Asset (or simply, an Asset) in the context of Binary Trading?
  2. An underlying asset is defined as any digital option such as Forex, stocks, commodities or indices, which can be traded at any Binary Options platform.

 

  1. What are the assets you offer?
  2. We offer a variety of assets including currency pairs, indices, stocks and commodities from various economies around the world. Please refer to our list of all the assets for better understanding.

 

  1. What is the Time-zone in which the asset trading hours are shown on your website?
  2. The trading hours on the site and the expiry times are shown according to the time zone of our computer.

 

  1. What is the difference between A Call Option and A Put Option?
  2. A Call Option is an option which works in your favor only if the price of the asset at the Expiry Time is more than its price when the option was purchased. A Put option works exactly opposite as compared to the Call Option. This means, a put option works in your favor only if the price of the asset at the Expiry time is less than its price, when the option was purchased.

 

  1. What is an Expiry Time?
  2. The Expiry Time is the time at which a Binary Option expires. 

  1. What is an Expiry Level?
  2. The Expiry Level is the value of the Binary Option at the time it expires. 

 

  1. What is a High-Low contract?
  2. In this kind of contract, there are conditions that the buyer selects from during purchase.
    1. 1. At the time of expiration, market price of the asset is higher than the market price at the purchase time.
    2. 2. At expiration time, the market price of the said asset will be lower than the market price at purchase. If the selected condition is met at expiration, the value of the option is equal to purchase price + (Purchase price x Return on Interest). But, if the condition is not met, the value of the option is zero (0). At expiry, if the market price is equal to purchase price then the option value is said to be equal to the purchase price.

 

  1. What is a one-touch contract?
  2. The condition for this contract states that the market price of the asset will reach the predetermined target before the time of expiration. The predetermined target price is stated in the contract.

 

  1. What is a range contract?
  2. In this kind of contract, there is only one condition: the market price of the asset must be between two predetermined target prices at the time of expiration. If the condition is met, the value of the option is equal to purchase price + (purchase price* return on interest).

 

  1. What is the risk in Binary Trading?
  2. Binary Trading is very transparent. You will know your risk/reward ratio before you invest your money on any of our options.

 

  1. What is “in-the-money” and “out-of-the-money” situations mean ?
  2. When the result of a binary trading favors you, you are said to be “in-the-money”. When the result of a binary trading does not favor you, you are said to be “out-of-the-money”.

 

  1. Can I purchase multiple options?
  2. Sure. You are most welcome to purchase multiple options one after the other.

 

  1. What is the minimum amount of money that I can invest on a single option?
  2. 1USD/EUR/GBP is the minimum amount of money that you have to invest on a single option.

 

  1. What is the maximum amount of money that I can invest on a single option?
  2. 200USD/EUR/GBP is the maximum amount of money that you can invest on a single option.

 

  1. What is your return on investment when my option is “in-the-money”?
  2. Binary21 offers various types of options for you to trade. In the high-low options, the return on investment can be as high as 89%. In the one-touch and range options, you have the possibility of earning 100% return on investment.

 

  1. What is your rate of refund on my investment if my option is “out-of-the-money”?
  2. Binary21 does not offer any refund. However, it should also be noted that the return on investment offered by Binary21 is significantly greater than a typical binary options broker.

  1. What does UP and DOWN buttons mean?

  2. In High-Low options, the UP button refers to purchasing Call Options and the DOWN button refers to Put Options. In Range Options, the UP button is for investing in the range between the level and the upper limit of the option. The DOWN button refers to the range between the level and the lower limit of the option. In One-Touch options, the UP button refers to the upper limit of the binary option and the DOWN button refers to the lower limit of the option.

MONEY OPERATION

  1. What is the minimum amount that I need to deposit?

  2. The first deposit with Binary21 must be at least 100 USD, 100 EUR or 100 GBP or more. Subsequent deposits can range in any amount starting with denominations of 50 in your chosen currency. It is strongly recommended that you open your account with $500 in your chosen currency as it will enable you to take advantage of our free 100% bonus option and thus will add an additional $500 to your account.

 

  1. Are There Any Limitations to Withdrawals? 
  2. Binary21 does not put any limitation on the withdrawals of deposited or profited funds. However, this does not apply to the withdrawal of the deposit bonus or any other bonus. Please see our page on bonuses for more information on the withdrawal policy related to them. We are more than delighted to process the withdrawals for you irrespective of the time or the amount of withdrawal

 

  1. Are there any deposit bonuses?
  2. If you are depositing money for the first time, you will receive a 100% bonus and Binary21 also offers special promotions with other incentives from time to time. Feel free to get in touch your account representatives to know about the current promotions and if you are eligible for them.

 

  1. What are the acceptable means of payment for the deposit?
  2. Binary21 is pretty flexible when it comes to depositing money. We accept deposits from a wide range of credit and debit cards, wire transfer and other special funding methods. More information can be found out at our funding pare. It should be kept in mind that the deposit can only be made using the currency you selected during the registration process.
  1. How can I withdraw my money?
  2.  Binary21 offers two withdrawal methods:

     Credit/Debit Card:  The maximum amount you can withdraw by card is equivalent to the amount used to deposit by the card. There is no processing fee.

     Wire Transfer: There is a USD25 fee associated with wire transfers.

    You can indicate your preferred method of withdrawal on the withdrawal form. Due to the strict anti-money laundering rules, we must return amounts deposited from your credit/debit card back to the same card. We will use Wire Transfer only to pay your profits.

 

  1. Are there any fees associated with deposit and withdrawal?
  2. There is a USD25 fee associated with wire transfers. There are no fees for deposit.

ACCOUNT MANAGEMENT AND SECURITY

  1. Is it free to open an account with Binary21?
  2. Absolutely! It is completely free to open an account with us.

 

  1. What is the difference between demo and live account?
  2. As the names imply, a demo account is an account which gives you a feel of binary options trading and you don’t invest real money in it. On the contrary, a live account will give you the chance to invest real money and turn them into real financial gains.

 

  1. I forgot my username or password. What should I do?
  2. In the login section, you can click on ‘Forgot your login?’ or ‘Forgot your Password’ to search and restore the username or password.

 

  1. Is it possible to have multiple accounts with Binary21?
  2. Yes.
  1. Do You Store My Credit Card Information? 

  2. Binary21 uses the most secure encryption techniques and SSL certificates to ensure that your data is transferred securely when trading and depositing funds. We understand your need of confidentiality and security and we take this issue seriously.

  1. Is My Personal and Financial Information Secure?
  2. Binary21 uses the most secure encryption techniques and SSL certificates to ensure that your data is transferred securely when trading and depositing funds. We understand your need of confidentiality and security and we take this issue seriously.

  1. How many languages do we offer Binary21 in?
  2. Binary21 is offered in 3 languages: English, Simplified Chinese and Japanese.

 

  1. How do I change my language?
  2. The language can be changed by selecting the drop-down menu on the top-right corner of the screen.

 

  1. Do we offer Binary21 on mobile platform?
  2. Yes, we offer Binary21 on mobile platform. Click here to go to our mobile page and to download the platform through Google Play and iTunes.

GLOSSARY 

We know that binary options are relatively new and we do our best to provide you with the most accurate information. The common terms related with binary options trading can be found below. You can also learn more about trading binary options by going to our Education Center. Interactive videos and lessons are provided to you for developing your trading skills.

 

TYPE OF OPTIONS:

Binary Option: It is a financial tool that offers a fixed rate of return when it expires in the money. 

High-Low Options: A High-Low option is a binary option that provides you with the choice to choose whether an option will expire at a higher or lower level than the level at investment.

Range Options: A Range option is a binary option that provides you with the choice to choose whether an option will expire in a certain range.

One-Touch Options: An One-Touch option is an option where you have to choose a level and if the option touches the chosen level before or at the expiry, you will earn profit.

 

 

EXPIRY TERMS

At-the-money: At-the-money refers to the position when an option does not make profit or loss at expiry.

Expiry Level: It is the level at which an option expires.

Expiry Time: The time and date at which an option expires.

Investment Amount: The amount of capital invested in an individual binary option.

In-the-Money: In-the-money refers to the position when an option makes profit at expiry.

Out of-the-Money: In-the-money refers to the position when an option makes loss at expiry.

Refund: Refund is referred to the amount returned by the broker to the investor if the option expires out-of-money.

Return: Return is referred to the amount earned as a profit if the option expires in-the-money.

Target Price: The target price is simply the current price of an asset

Underlying Asset: The asset is defined as an option on which an investor can invest. It can be a stock, a commodity, a currency or a index.