What are the purchase time and the expiration time?
The chart shows two lines marking points in time. The purchase time is the white dotted line. After this time, you can’t buy an option for the selected expiration time. The expiration time is shown by the solid red line. When the transaction crosses this line, it closes automatically and you take either a profit or a loss for the result. You can choose any available expiration time. If you have not opened a deal yet, both white and red lines will be moving together to the right to mark purchase deadline for chosen expiration time.
How many options can I buy per expiration?
We don’t restrict the number of options you can buy for an expiration or an asset. The only limitation is in the margin: if traders have already invested a large amount in the chart direction you have selected, the amount you invest is limited by this margin. If you are working in an account with real funds, you can view the investment limit for each of the options on the chart. Click on the box where you enter the amount.
What is the minimum price of an option?
We want trading to be available to everyone, so the minimum transaction amount on our platform is $1 or €1, depending on the selected account currency. The minimum deposit amount is $10 or €10.
What are the profit after sale and the expected profit?
As soon as you buy a Put or Call option, three numbers appear on the right top side of the chart:Total investment: how much you have invested into a dealExpected Profit: possible result of the transaction if the chart point at the expiration line ends up at the same place where it is now.Profit after Sale: If it is red, it shows you how much of the invested amount you will lose your balance after sale. If it is green, it shows you how much profit you will get after sale.Expected Profit and Profit after Sale are dynamic, as they change depending on several factors including current market situation, how close the expiration time is and the current price of the asset.Many traders sell when they aren’t sure that the transaction will give them a profit. The selling system gives you the chance to minimize losses on doubtful options.
Is there a commission on inactive accounts?
If you don’t perform any operations on the platform for 90 days and there is some amount of money remaining on your account, we deduct a 50 euro fee for servicing the inactive account, but not more than the total of your trading balance. For example, if there’s 0.4 USD/EUR on your account, not more than 0.4 EUR/USD can be charged.
What is the best time to choose for trading?
The best trading time depends on your trading strategy and a few other factors. We recommend that you pay attention to the market schedules, since the overlap of the American and European trading sessions makes prices more dynamic in currency pairs such as EUR/USD. You should also follow market news that might affect the movement of your chosen asset. It’s better not to trade when prices are highly dynamic for inexperienced traders who don’t follow the news and don’t understand why the price is fluctuating.
How to start trading?
If you are using Iplay Binary platform for the first time and if you don’t have much experience, you can start with our video tutorials. You can train on your practice balance, and then continue trading with real funds. You can also find information about trading on the pages of Iplay Binary Blog.Detailed information of each instrument is stated below.
Why is Sell button (prescheduled option closing) inactive?
Please note that you can only sell an option when there is more than 15 seconds before expiration for Turbo options. For Binary options the Sell button is available from 30 minutes until expiration to 2 minutes until expiration. If you trade Digital Options, Sell button is always available.
What is OTC?
Over-the-counter (OTC) is a trading method that is available when the markets are closed. When trading OTC assets, you get quotes that are generated automatically on the broker’s server in a way that maintains equilibrium between buyers and sellers. Every Friday at 21:00 and every Monday at 00:00 am (GMT time) Iplay Binary is switching from market trading to OTC trading and from OTC trading to market trading.
How to trade CFD instruments (Forex, Crypto, CFD)?
New CFD types available on the Iplay Binary trading platform include CFDs on stocks, Forex, indices, CFDs on commodities and cryptocurrencies, ETFs. The trader’s goal is to predict the direction of the future price movement and capitalize on the difference between current and future prices. CFDs react just like a regular market, if the market goes in your favor then your position is closed In The Money. In case market goes against you, your deal is closed Out Of The Money. The difference between Binary or Digital Options and CFD trading is that your profit depends on the difference between entry price and closing price.In CFD trading there is no expiration time but you are able to use a multiplier and set stop/loss and trigger a market order if the price gets a certain level.
How does a multiplier work?
CFD trading offers the usage of a multiplier which can help a trader to control the position that exceeds the amount of money invested in it. The potential profitability (as well as risks) will also be magnified. Investing $100 a trader may get the return that is comparable to a $1000 investment. That’s the opportunity a multiplier can offer. However, remember that the same goes with potential losses as these would be multiplied as well.
How to use Auto Close Settings?
Stop-loss is an order that a trader sets to limit the losses in a particular open position. Take-profit works in much the same way, letting a trader lock in profit when a certain price level is reached. You can set the parameters in percentage, amount of money or asset price: example. You will find the detailed information here.
How to calculate profit in СFD trading?
If a trader opens a long position, the profit is calculated according to the formula: (Closing price / Opening price – 1) x multiplier x investment. If a trader opens a short position, the profit is calculated according to the formula (1-closing price/opening price) x multiplier x investmentFor example, AUD / JPY (Short position): Closing price: 85.142 Opening price: 85.173 Multiplier: 2000 Investment: $2500 The profit is (1-85.142 / 85.173) X 2000 X $2500 = $1.819.82
What is the minimum investment to open a deal?
The minimum investment to open a deal depends on the currency of your account. On any instrument minimum investment is: 1 USD, 1 EUR, 1 GBP, 30 RUB, 20 TRY, 20 BRL, 40 MYR, 100 000 IDR, 200 000 VND, and 70 CNY.
What is Slippage?
Please note that Slippage may occur when trading in CFDs. It is the difference between the expected price of an order and the price at which the order is actually executed. It can work either positively or negatively. It’s likely to occur during periods of higher volatility when market prices fluctuate very quickly. The situation can occur with either Stop Loss and Take Profit orders.
How to trade Digital Options?
Digital Options trading is similar to Binary Options trading. The main distinctive feature is the profitability and the risks of each deal that depend on a manually chosen strike price on the right side of the chart. – Potential profit on Digital Options can be up to 900%. However, an unsuccessful trade will result in loss of the investment. – The closer strike price is to the current price of the asset – the lower your risks and potential profit are Note that digital options will expire-in-the-money only if the actual price is not identical to the strike one. For call options it should exceed the strike price by at least one pip, for put options it should fall behind the strike price by at least one pip.
How to trade Binary Options?
Binary options trading involves deciding whether the price of the underlying asset is going to increase or decrease. If you choose Call option: you get profit if the closing price is higher than opening price. If you choose Put option: you get profit if the closing price is lower than the opening price. However, if you have incorrectly predicted the price movement (upwards or downwards) of the underlying asset, you will incur a loss of 100% of your invested amount. Call Option: closing price > opening price Put Option: closing price < opening price This type of trading offers only two outcomes: you either get profit or lose your investment only. It does not matter how significantly price changes. If the closing price will be equal to opening price, your initial investment into a deal will be returned back to your balance.