1. How do I trade?
Trading with binary options is very simple. All you have to do (for digital options, which are the most common types) is to choose the financial instrument you wish to trade in, from Commodities (like Gold), Currencies (like USD/EURO), Indices (like Nasdaq) or Stocks (like Apple). Once you have selected the financial instrument, you then choose a “close“ time, and then your estimation on whether the market price will move up or down in the given time.
2. What is an underlying asset?
The underlying asset can be a stock, a commodity, a currency pair or an index. The trading process itself is based on trading on the change of price of the underlying assets.
3. Which underlying assets can I purchase as binary options?
There is a large amount of stocks, commodities, indices and currency pairs, which can be traded online through us – the binary options broker.
4. What is a Call option?
By placing a Call option, you speculate that the price of an asset at the time of expiration will be higher than it is at the moment of purchase.
5. What is a Put option?
By placing a Put option, you speculate that the price of an asset at the time of expiration will be lower than it is at the moment of purchase.
6. What is the investment amount?
The investment amount is the amount of money placed on a trade, which is used to calculate the potential profit. It is also the maximum amount that one can lose in a trade.
7. What does it mean to finish ”in the money”?
In case your contract expires ”in the money”, it means that you have speculated correctly and that you make a profit.
8. What does it mean to finish ”out the money”?
In case your contract expires ”out the money”, it means that you have speculated incorrectly and that you have lost the traded amount.
9. What happens if the asset price finishes at the same price it was at the moment of purchase?
If the asset price finishes at the same position it was at the moment of purchase (“at the money”), the investment amount is returned back to you with no profit and no loss.
10. Do I have to tax my investment income?
As a broker, we will never deduct any taxes from your account. It is up to your country’s legislation whether you are obliged to tax your investment income.
11. Do I need any special software to start trading?
Our platform works directly in an Internet browser, thus no special software is required. We recommend an updated Internet browser, which allows you to use all the features of your platform to the full extent.
12. What is the expiration time?
The expiration time of an option is the time chose by trader, after which, the position closes, and the trader finds out whether they invested correctly and made a profit, or alternatively incurred a loss.
13. What is the time zone of expiration time?
The time zone of expiration time is GMT – London.
14. How much does it cost to open an account?
There are no fees connected to the opening of an account. In order to start trading real money, the trader has to deposit funds on their account.
15. Is our website safe?
Yes, we use 128bit SSL (Secure Socket Layer) encryption in combination with a certificate in order to protect all our clients’ transactions. The same technology is used by the majority of financial institutions.
16. What will I see on my bank statement after I make my payment?
If you successfully make an payment through ZoomtraderGlobal, you will see the descriptor on your bank statement as “DC Options or NOV*ZoomTraderGlobal ”.
17. What is the minimum and maximum amounts per transaction?
Minimum first deposit – 200, Deposit – 200, Withdraw – 200
18. Do I have to download any software in order to trade?
No. All of the platforms are web based and no download or installation is required for trading.