Every day, our support team responds to inquiries from our customers across the globe. Here are some of their most frequently asked questions – if your question is not covered here please
Please Note :
All amounts below reflect the currency you have selected your account to be based on, meaning, where it says '30' it is either USD, EUR or GBP depending on your account settings.
Binary options can offer amongst the fastest returns compared to other types of trading. This is because online binary options are offered in all different lengths, from 60 seconds long to several weeks long. If you execute a successful trade on a 60-second binary option, it means that you could be collecting your profit after just one minute of placing your trade. This short –term nature of binary options is one of the biggest advantages to this type of trading.
Binary Options also enable traders to benefit from just the smallest movements on the financial markets. For example, you may place a trade of $100 by creating a 'Call' option (estimating the stock price of a particular asset will go up by the expiration time). At the time of expiration, even if the stock went up by just 0.00001%, you will still receive the same payout as you would have received had the stock increased in value by 200%.
However, in traditional forms of trading where you actually buy and sell shares, your profit on a particular trade will increase in proportion with the increase of the value of the asset. This means that both the gains and losses can be potentially much larger in tradition trading. With binary options the payout is pre-set, and you know exactly how much you stand to lose or potentially earn before even placing the trade.
Forex trading is a bit more complex than binary options trading in that there are several additional features in Forex trading. In Forex, traders can use leverage in increase their profits form fluctuations in the exchange rates between two different currencies. Leverage is essentially like a loan from the broker. While is can help enhance profits, the reverse is also possible, and traders can lose more than they initially invested.
Binary Options do not offer leverage. Your potential profits and losses are known to you before the trade is executed. In binary options your risk is always limited to the amount that you committed to that specific trade. In fact, many of EZTrader’s options give you back up to 5% of the investment amount on a particular trade, even if the options is 'out of the money' at the time of expiration.
Once you execute a trade as you would normally do, you can follow it on the right pane of your screen.
If you wish to sell your option to EZTrader before expiry, simply click on the SellOption button.
You will be offered a quote, valid for 10 seconds to sell your option. If you wish to sell the option,
simply approve the sale. The funds will reflect in your account instantly.
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At EZTrader, your needs are our top priority. We want to make your online binary trading experience as easy as possible. If your question is not covered above, please Contact us anytime.
GENERAL RISK WARNING: Trading binary options is highly speculative and carries a high level of risk. You may sustain a loss of part of all your invested capital, therefore, do not speculate with capital that you cannot afford to lose. Please click here to read full risk warning. Before deciding to trade, you should become aware of all the risks associated with binary options trading and seek advice from an independent and suitably licensed financial adviser.
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