What are Binary Options?
Binary Options are simple and rewarding financial trading products. Binary options deliver a fixed return on every executed trade, depending on whether the trade was “in the money" (win), “out of the money” (loss) or "at the money” (tie). Binary Options - also referred to as digital options - are one of the world's fastest growing financial trading products. Their simplicity, together with the certainty which they offer on every trade, makes them an attractive trading tool for many financial investors.
The potential return offered on a binary option is fixed and known before the purchase is made. Binary options can be bought on virtually any tradable asset and can be bought by predicting the direction of the asset's price in either direction at the end of a set duration, called the expiry time. This means that traders can invest in any financial product either long term or short term simply by buying a binary option. Binary options are offered against a fixed expiry time which can vary anywhere from 30 seconds to 1 hour, 1 day, even up to a full year. Binary options cannot be resold before the expiry time is reached.
What is an Underlying Asset?
Assets are any tradable products on which a financial market can be based. The most common assets which are traded through financial markets are commodities (e.g. gold, oil, platinum), stocks (e.g. Microsoft, Nike, Citi, Coca Cola), currency pairs (e.g. Euro-Dollar, Dollar-Yen), Stock indices (e.g. Nasdaq, Dow Jones, FTSE) and bonds.
In binary options trading, investors buy options on individual assets for a fixed expiry time in order to try to benefit from the price changes to the underlying asset.
How do binary options differ from traditional financial options?
Tradextra offers binary options that guarantee a fixed return on your "in-the-money" trades. Binary options are a simple and exciting way to trade and are financially rewarding as both the risk and reward is known ahead of time. By contrast, the vastly more complex traditional financial options typically have longer expiry times, wildly changing returns on investment, and can be sold in the market before the expiry.
What is the maximum investment amount?
The maximum investment amount for a single trade is 1,000 USD/EUR/GBP depending on the currency of your trading account.
What do the colors of the rates on the trading platform mean?
Green indicates a higher rate than the previous trading day's closing level. Red indicates a lower rate than the previous trading day's closing level.
What is the time shown on this site?
All times displayed on the Tradextra are in GMT (Greenwich Mean Time).
Where can I view the precise trading hours of each asset?
To view a list of all of our trading assets, along with trading hours, trading symbols, and a description of the asset please visit our asset index.
Where can I view my transaction history?
To view your transactions history including a complete list of all your trading activity, please log in to your account and click on the My Options Portfolio.
Do I have to download any software for trading?
There is absolutely no need for you to download anything in order to trade with Tradextra. Simply register and deposit funds into your account and you’ll be ready to start trading binary options.
What web browser should I use when trading on Tradextra?
We recommend using either Mozilla Firefox or Google Chrome when trading on the Tradextra platform.
How do I register with Tradextra?
Registering with Tradextra is simple, free, and takes only minutes:
- Click on "Open Trading Account" on the homepage.
- Fill in your details on the form provided.
- Submit the form.
- You will receive a welcome Email with a verification link. Click it.
- Welcome to Tradextra! You will be directed to the homepage where you can log in, fund your account, watch tutorial & trading videos, and experience the exciting world of binary options.
Is there a registration fee?
No. Registering an account with Tradextra is absolutely FREE.
I have problems with the registration process. What should I do?
Contact our award-winning support team, and they will quickly resolve your problem. You can reach us via e-mail (firstname.lastname@example.org), or by contacting one of our satellite offices or via our on-line chat service.
Are payouts taxable?
Tradextra customers are responsible for their taxation liabilities, if any, at their place of residence. See our general terms for more details.
Do I have to deposit money for registration?
No. A deposit is not required and no credit/debit card details are required in order to register for this site.
What currency can I use for trading?
You can open an account in USD, EUR or GBP. Please note that you cannot change your currency selection after registration.
How secure is trading with Tradextra?
We use the internationally the accepted security system SSL (Secure Sockets Layer) that encrypts all credit card payments over the web. This system is automatic, and you will receive instant notification if your browser does not support it.
Deposit & Withdrawal Procedure
Please read our Terms & Conditions.
Please read the section titled Trading Bonus for more information regarding the Tradextra bonus policy.
How can I deposit money into my account?
Please refer to our Deposit Methods page. We accept all major credit cards (visa, MasterCard, etc.), Maestro debit cards, wire transfers, CashU and more.
What is the maximum deposit amount?
It depends on the deposit method.
- Credit Card - 5,000 USD/EUR
- Wire Transfer - Unlimited
What is the minimum deposit amount?
The minimum deposit amount is 250 USD or 250 EUR, depending on the currency of choice in your account.
How can I withdraw money from my account?
You can withdraw money from your account by either credit card (if you deposited money with a credit card) / Wire Transfer / MoneyBooker (Skrill).
Is there a minimum withdrawal amount?
Yes. The minimum withdrawal amount is 100 USD or 100 EUR depending on the currency of your trading account.
What is the fee to withdraw funds?
The fees change depending on the method of withdrawal:
- credit/debit card – free.
- wire transfer – $25.
How can I cancel a withdrawal?
You will still be able to discontinue the withdrawal and return the money to your Tradextra account, even if your withdrawal request is being processed. The reverse withdrawal option is especially useful for when you wish to undertake other activities but do not have sufficient funds in your account.
To cancel a withdrawal, please contact us either by phone, live chat or email your personal account executive or our support department.
What is a Swift Code?
A SWIFT code is the unique ID code of a particular bank that is required when transferring funds between banks. Your bank can always tell you the SWIFT code it uses. For any SWIFT code that comprises only eight digits, XXX must be inserted at the end.
How can I contact you?
You can contact us via email (email@example.com), by calling one of our satellite offices or via our on-line chat service.
How can I make my personal details up to date?
You can your information by going to My Account >> Personal Details or Contact Us.
What should I do if I have forgotten or misplaced my password?
In such a case you should contact us via email at: firstname.lastname@example.org, contact our live chat or call the customer service number in your region (located under "contact us").
What is Double Up?
Double Up enables you to double the value of your initial investment on an open position up to 10 minutes before the expiry. By executing a Double Up you are creating a new trade with the same conditions for the current price of the asset. Basically, when a trade appears to be on a roll the Double Up gives you a chance to increase your investment and thus double your profit.
Double Up Benefits:
• Increase your investment on open positions
• Make double the profit on expiry
• Immediately capitalize on a strong position
What is Rollover?
Rollover allows you to postpone the expiry of your option with the click of a button. This powerful stop loss strategy gives you another opportunity to close "in the money" when it appears that the market will close in the opposite direction of your selected position by the upcoming expiry.
• Postpone the option's expiry time
• Utilize a powerful stop loss strategy
• Get 30% higher returns when your option expires in the money for an added 30% investment
• Turn loss into gain with time on your side
• The Roll over is available up to 10 minutes before the Expiry
Rollover can be applied only once per trade.
*Rollover feature is not available for the end of the day trades.
What is the Sell Position feature?
The Sell Position is a unique feature that offers traders the option to utilize stop/loss strategies by selling a trade for a fixed price before the time of expiry. The Sell Position option allows traders to cut their losses or secure their profit early.
Why am I unable to make a trade?
- Assets are available to trade during market hours. Outside of market trading hours, those assets will not be displayed on Tradextra as they are not available for trade.
- Another reason might be a lack of funds in your account to make the requested investment.
- Some customers may not be able to trade while using unsupported browsers. We recommend using Mozilla Firefox and Google Chrome web browsers when trading on our site.
If none of the above answers your question, please contact us via live chat, phone, or email our support team at email@example.com or call our customer service number in your region which can be found under "Contact Us."
Why do the rates continue to change when I make a choice?
Tradextra deals are dependent on the markets, which are dynamic and thus changing all the time. The fluctuations in the market, in currency rates, and in other parameters reflect our fully automated pricing engine.
For your convenience, we developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down.
When the rate in the bar is green it means the price went up since the last . When the rate is red it means the price went down since the last .
What is the expiry time?
The expiration time is the time and date at which an option expires.
What is the expiry rate?
The expiry rate is the rate of the underlying asset at the time of expiry as reported in real time by 'Reuters'. This is the price that determines whether the asset expired "in-the-money" or "out-of-the-money." A different expiry rate is attributed to each underlying asset.
What are the rates displayed in the trading boxes?
The rate is a live feed directly from Reuters adapted using Tradextra algorithms.
The rates we present in the trading boxes on our home page are those at which Tradextra is willing to sell the following options.
What return will I get if an option expires out of the money?
In the event that the option expires out-of-the-money, your account will be credited automatically with a percentage of your original investment.
The percentage you will be credited varies depending on the option you selected, and ranges from 0-10% of the value of your original trade.
If you traded a Nasdaq call option with a value of $500, and at the time of expiry your trade closed "out of the money" - you would receive a credit on your trade of between $0-$50 depending on the specifics of the option.
What return will I get in case of a successful investment?
A successful investment will result in a guaranteed return of between 65-85% of the initial amount invested.
The payout for each successful trade is indicated on the site for each underlying asset being offered.
If you invested $500 in a Nasdaq call option, and at the time of expiry, the price level was higher than the level at the time of your investment - you will receive a payout of between $825-$875, depending on the type of option that was offered.
How can I invest?
Investing is easy; simply choose between buying a "Call" or a "Put" option on any asset which you want to trade.
Clicking on the Call / Put button will open a short investment sheet in the same box, where you will be requested to enter the amount of the investment and to approve execution.
The selection may be canceled by clicking on "X" at any time before approval of the transaction. Please note that the rates keep updating in the investment sheet until the time of your approval.
How can I view my past trades?
You will find a detailed list of all of your Open Positions and Expired Positions by scrolling to the bottom of the platform. For Open Positions this is where you can execute a Double Up, Rollover, or Sell Position.
For a complete history of all of your trading activity simply click on the My Portfolio link in your Fast Access Account Tab always located in the top right corner of the screen.
What is a Put option?
An option that provides the holder with a profit when the underlying asset falls in value relative to the purchase level. In the event that the option expires at exactly the same price, the full original investment amount will be returned to the investor.
What is a Call option?
An option that provides the holder with a profit when the underlying asset rises in price compared to the level at which it was purchased. In the event that the option expires at exactly at the same price, the full original investment amount will be returned to the investor.
When is 60 Second Trading Available?
60 Second trading is available whenever the relevant markets are open. For example, currency pair's offerings are available 24/5.
How much can I invest on 60 Second trades?
The minimum trade size for 60 Second positions on the Tradextra platform is $ 5 and the maximum trade size is $ 150.
Is there a lockout period on 60 Second Options?
No, there is no lockout period while trading 60 second options. You can enter a trade at any point and the trade will expire in exactly 60 seconds.
Can I use the Rollover or Double feature on 60 Second Options?
Rollover and Double Up features are not available on 60 Second Options. These features are only available for traditional Binary Options, Option Builder and Pairs trading tools.