Binary Options FAQ – Binary Options Frequently Asked Questions – Binary Option Broker Reviews

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Contents

7 Binary Options

How can I start trading with binary options?

1. Register to a trading platform/ broker, preferably one or more of our recommended platforms.

2. Select the asset or item to trade. For example, the EUR/ USD.

3. Determine the amount you wish to invest, make your prediction on direction the price of the asset will take. If you predict it will rise, select Call (up), and if you predict it will fall, select Put (down).

4. Collect your winnings.

Which trading platforms do you recommend?

We have collected and critically analyzed the best trading platforms, which are on this website. We recommend these platforms.

Which automatic trading software would you recommend?

We highly recommend Binary Option Robot program, which is the best in the industry. It will help you in trading and in getting the best results to generate more winnings and more money.

Which service do you recommend for buy/sell -signals?

We recommend the services covered by the absolute elite signal tip back and forth service.

What investing strategy do you recommend?

Trend Strategy is the commonly used and most profitable strategy.

What are binary options?

Binary options are options which when traded; one gets the payoff or gets nothing. One can either win or lose and therefore, the word binary which means two. The trader knows the income or loss before investing. Trader may invest in commodities, indices, and currency pairs.

Where can I open a free demo account for testing trading before using real money?

You can open a free demo account on Banc de Binary trading platform for you to practice. You will get $ 50,000 for use.

What do put and call mean?

These are options used in binary options trading / investing.

The Call (Up) option is used if you predict that the value of the asset will rise. If you predict that the value of the asset will reduce, then you select Put (Down).

What does the expiration time mean?

Expiration time is the time in which a particular trading expires. For instance, a 30 seconds trading expires after 30 seconds. It is at this time when you see if you have won or lost.

What does the maximum winning percentage for trading platforms mean?

It is the maximum returns, which you can get on an investment. For instance, in Banc de Binary platform it is 91%. If you invest $100, you get a profit of $91.

Is it possible to invest with a mobile device?

Yes, you can invest using a mobile device in many of our recommended platforms.

Do you have reviews of Forex Brokers too?

Yes, you can find full reviews here.

  • Interview of Daria Glazko from IQ Option – July 20, 2020
  • IQoption Adds New Deposit Feature and Forms New Partnership – July 5, 2020
  • How Binary Options Changed My Life and Got Me Out of Debt – June 7, 2020

2 comments

Very informative, t hanks

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About Us & Disclaimer

Disclaimer: 7 Binary Options will not be held liable for any loss or damage resulting from reliance on the information contained within this website. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author. 7binaryoptions.com is only a website offering information – not a regulated broker or investment adviser, and none of the information is intended to guarantee future results.

Binary option trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.

In accordance with FTC guidelines, 7BinaryOptions.com has financial relationships with some of the products and services mentioned on this website, and 7BinaryOptions.com may be compensated if consumers choose to click these links in our content and ultimately sign up for them.

By using this website you agree with the limitations and exclusions of liability set out in this disclaimer and the separate disclaimer page. If you do not agree with them, you must not use this website.

* Risk warning: Your capital might be at risk.

Binary Options FAQ – Binary Options Frequently Asked Questions – Binary Option Broker Reviews

IQ Option is a trading platform that helps you start your journey as a trader. We offer the following instruments:

– CFDs on currency pairs

– CFDs on commodities

– CFDs on Cryptocurrencies

You can start practicing on a demo account, and then continue trading with real funds. Our graphical tools and convenient technical analysis indicators help you make trading decisions.

Use your computer to deposit and it should work right away!

Clear temporary internet files (cache and cookies) from your browser. To do this, press CTRL+SHIFT+DELETE, choose the time period ALL, and select the option to clean. Refresh the page and see if anything changed. For complete instructions, see here. You can also try using a different browser or a different device.

Deposits might be declined if you entered the wrong 3-D Secure code (the one-time confirmation code sent by the bank). Did you get a code via SMS message from your bank? Please contact your bank if you didn’t get one.

This might happen if the “country” field is empty in your information. In this case, the system doesn’t know what payment method to offer, because available methods differ by country. Enter your country of residence and try again.

Some deposits might be declined by your bank if they have restrictions on international payments. Please contact your bank and check this information on their side.

You are always welcome to make deposits from an e-wallet instead.

You can easily register with any of them online for free, and then use your bank card to add money to the e-wallet.

The acquirer reference number, or ARN, is a unique number that tags a credit card transaction when it goes from the merchant’s bank (the acquiring bank) through the card scheme to the cardholder’s bank (the issuer). This number can be used by issuing banks to trace a transaction with an acquirer.

It is very important to give the ARN codes to your bank’s Processing Center (the employees of a general client office sometimes are not aware of these codes and their use). If you are not able to visit the Processing Center, contact the bank officers responsible for processing card operations. They will help you to track the money.

1. To withdraw your funds, go to the Withdraw Funds section. Choose a withdrawal method, specify the amount and other data required, and click the “Withdraw Funds” button. We do our best to process all withdrawal requests within the same day or next day if outside working hours on business days (weekends excluded). Please note that interbank (bank-to-bank) payment processing may take a bit longer.

2. The number of withdrawal requests is not limited. The withdrawal amount should not exceed the amount of your current trading balance.

*Withdrawals return money that was paid in a previous transaction. Thus, the amount you can withdraw to a bank card is limited to the amount of money you deposited using this card.

Appendix 1 shows a flowchart of the withdrawal process.

The withdrawal involves the following parties:

2) Acquiring bank – IQ Option’s partner bank

3) International payment system (IPS) – Visa International or MasterCard

4) Issuing bank – The bank that opened your bank account and issued your card

In case of malfunction on the side of one of the above-mentioned parties during the withdrawal process, there might be issues with funds being credited to the card. At the moment of the withdrawal on the eu.iqoption.com website, IQ Option provides information about the transaction to the acquiring bank. The acquiring bank assigns a unique ARN* code to the operation and passes it to the IPS. The IPS then assigns a unique RRN* code and transfers all the information to the issuing bank. The issuing bank processes the operation and credits the funds to your card.

*ARN and RRN identification codes serve as proof of successful withdrawal transactions. The ARN and RRN codes are unique for every transaction and prove that this exact transaction was successful.

3. Flowchart of funds withdrawal from the trading balance to a bank card. (Appendix 1)

4. Possible malfunctions

If 15 calendar days have passed after the withdrawal request but the funds were not credited to the bank card, please contact IQ Option Support through your Profile (or send email to [email protected]).

In your message to the support team, it is important to mention the dates and amount of the withdrawal not credited to the bank card (please make sure that 15 calendar days have passed before writing a message to the support team). We also ask that you attach a credit card statement issued and signed by the bank.

4.1. If the transaction is not successful, the support team will provide an explanation of what happened and advise you on what steps need to be taken.

4.2. If the transaction is successful on the sides of both IQ Option and the IPS, customer support will provide the unique identification numbers (ARN, RRN) for the non-credited transactions.

1) Fill out the form Template 1.

2) Take it to the issuing bank’s processing department (the department responsible for processing payments, which may be called the processing center, payment services support department, bank card operations support department, etc.). The issuing bank should be able to use the ARN and RRN codes to track the withdrawal transactions. If the bank failed to track the transactions with the help of the codes, they should sign the document provided. This document should be sent to the IQ Option support team ([email protected]). Please do not forget to mention that the funds were not credited. IQ Option can forward this form to the IPS only if there is an official reply stating that operations were not processed or not found by the issuing bank.

Upon submission of the completed form from Template 1, an investigation will be opened with the relevant payment processing company and/or third party involved with the processing of your payment(s). It is important for you to note and acknowledge that such investigation is carried out by third parties outside of IQ Option’s control and is generally completed within 30 to 180 days. As such, IQ Option is unable to guarantee and/or influence the time period required for the completion of the investigation.

*ARN (Acquirer’s Reference Number) is a unique transaction code assigned by the acquiring bank.

*RRN (Retrieval Reference Number) is a unique transaction code assigned by the payment system.

Your withdrawal method will depend on the deposit method.

If you use an e-wallet to deposit, you will only be able to withdraw to the same e-wallet account. In order to withdraw funds, make a withdrawal request on the withdrawal page. Withdrawal requests are processed by IQ Option within 3 business days. If you withdraw to a bank card, a payment system and your bank require additional time to process this transaction.

Conditions may vary depending on location. Please get in touch with Support for precise instruction.

To change your address, please send an official request to [email protected] Make sure to indicate both your old and new address in the email.

After this, upload a document in your profile to confirm your intention to change the address.

You can check an example of a valid ID/driving license here. Also, here is how a valid passport looks like.

Once your document is uploaded, let us know of it in the chat. We will gladly change your address for you.

Please check if:

– your docs are in color

– your docs were issued not earlier than six months ago

– you uploaded full-page copies of your documents

– you covered all the card numbers properly (the photo must show the first six and the last four digits of your card number; the CVV code on the reverse must be covered)

– you uploaded appropriate documents as your ID, such as your passport or driving license

1. Open the platform using Google Chrome in incognito mode

2. Clear your browsing data — cache and cookies. To do this, please press CTRL + SHIFT + DELETE, choose the period ALL and then click CLEAN. Afterwards, please restart the page and see if there have been any changes. The complete procedure is described here. You may also try to use another browser or another device.

3. Request a verification e-mail once again.

4. Check your spam folder in your e-mail box.

If it does not help, please contact our Support Team via LiveChat and provide our specialists with the screenshots of an error (if any)

1. Open the platform using Google Chrome in incognito mode

2. Make sure your phone number is specified accurately

3. Restart your mobile device and make sure your device receives other messages

4. Check whether you have received an SMS or a call with a verification code

If it does not help, please contact our Support Team via LiveChat and provide our specialists with the screenshots of an error (if any)

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.

You will find the information here.

New CFD types available on the IQ Option 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.

Binary options trading – Frequently Asked Questions

This page offers you answers to the most frequently asked questions on binary options that I receive every day in my mailbox. I hope you’ll find everything you need and everything that interests you.

I am new to trading and would like to start. Can you give me some advice?

My best advice is: Always be learning something new. Be it more trading patterns, watching videos of successful traders, going to trading workshops. This webpage may serve as your inspiration or source of learning materials. Alse I recommend to have a look at the tips for beginners.

I don’t want to invest just yet, but I would like to try binary options. Can I open a free demo account?

Sure, it is also highly recommended! You should never trade with real money, unless your trading pattern was proven in test conditions at a demo mode. This can be accomplished on our demo account which is available for free and does not require registration. Just open this page and start trading!

Also, a complete list with brokers who offer a demo account is available here: Binary options brokers with demo.

What is MetaTrader and why do you keep talking about it?

Metatrader 4 is a program that shows us nice graphs of price movement in stocks, commodities and currency pairs. This program shows very clear and customizable charts (much better than what the brokers show) and that’s the reason why you’ll be able to recognize and estimate the further development of the prices. More on this program in our MetaTrader 4 Show. In general, it’ll make you a better trader and that’s why I keep talking about it. ��

Where does the money that traders earn come from?

It’s simple: From the people that don’t make it.

A little bit more complicated: Let’s say that a broker has 100 traders. 50 of them will choose the exact same option CALL and 50 choose PUT. Everyone invests $10. Broker then has $1000 all together from his 100 traders. Only 50 will be successful, so then the broker has to give 50*$10* profit (for example 80%) = $900, but they are still left with another $100.

Can I start with binary options even though I don’t know much about stock market or Forex?

Sure, you can, but you’ll need a bit of a practice and study. You can start by reading our tips for beginners and I also suggest reading some ebooks that can be found on our website, including our own articles.

What is the best “binary option strategy”?

If you are looking for a trading pattern, that will guarantee you great results, then you are wrong. There is no super indicator thanks to which we’d be able to win all of the trades (that would be awesome though ��

It is important to learn to analyse the chart and our Technical analysis show can help you with that and always, even though you are sure that your strategy is the best, use your head.

What is the minimum amount of money I can to invest?

Minimum deposit with the broker IQ Option is $10, but the amounts differ within different brokers. Minimal amount to trade is then $1.

So, if you’d like to try binary options trading, you could try our binary options demo completely free of charge. All you need to do is follow the steps on your screen.

I’d like to trade binary options. Do I have to be 18 years old?

Yes, if you want to trade binary options you have to be 18 years old. Without confirming your age (ID, for example) you won’t be able to withdraw any of your earnings. If you’re not old enough but are still keen to trade binary options, you have to trade on somebody else’s account.

How much can I earn with binary options?

I get asked this question quite a lot, but unfortunately there is no answer to that. How much will you earn trading binary options? That depends completely on you. The amount of your earnings depend on how much time have you spent and how much you understood the particular binary options.

What’s the maximum I can earn?

I really don’t know the exact amount and it’s not given anywhere. Let’s say, you’d be getting lucky and earning around $6000 a month, that would be a bit suspicious. It’s a lot of money and brokers wouldn’t possibly like that – as I’ve told you above. It’s all just speculation, but it could make sense.

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