FAQ

What are the conditions for trading bonus?
What does “First 3 risk free trades” mean?

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.

How can I fund my trading account?
How quickly the funds will be added to my trading account?
What are the conditions for withdrawals?
    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.

How quickly my withdrawal request is processed?
Does Binarycent withhold a tax from payouts?
How can I close my Binarycent account?

Please email at support@binarycent.com to request closing of your account. You will receive a confirmation when this request will be completed.

What is CFD?
What is binary option?
What is cryptocurrency?
What is the minimum and maximum deposit amount?

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

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.

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

How to trade CFD?
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.

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 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.

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 it's deducted from option investment amount.

If you can't find answer on your question, feel free to contact us in live chat or via email support@binarycent.com