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?
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 If the loss in your account equals to $1000, bonus is automatically withdrawn and open trades are closed.
What are the conditions for a bonus in CFD trading?
Bonuses are eligible on all CFD trades and are awarded by Binarymate 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 Binarymate are not withdrawable or tradable separately.
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.
In case 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 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.