Frequently Asked Questions:
Q – Is it really only US $19.99 per month, regardless of trade size?
A – Yes, it is only US $19.99 per month regardless of trade size.
Q – How is the month measured?
A – The month is measured from the day you make your payment and expires on the same day the following month. Example, say you start on the 11th April, then your month of copy trading will expire at the end of the day on the 10th May, the following month.
Q – Does the copy trading auto-renew?
A – No, the copy trading does not auto-renew. You will have to manually purchase a new month of copy trading when your month expires, however you make keep the same API Token.
Q – Does it only work with www.binary.com ?
A – Yes.
Q – Can I still trade on my binary dot com account while it is copying trades?
A – Yes you can.
Q – Is there a minimum trade amount requirement?
A – Not from our side. You may trade with any amount you wish as far as we are concerned. The only limitations are those set by the broker themselves and these vary from area to area. Usually US dollar denominated accounts can trade from $1 and upwards and GBP, Euro and Aussie Dollar denominated accounts can trade from 5 of those currencies and upwards.
Q – I already have an account with www.binary.com is that ok or do I need to open an account via your links like some offerings out there?
A- No problem. You do not need to open via our links. If you already have an account, then use that or just open a new account. If you want the option of trading smaller amounts, then try and open a US dollar denominated account.
Q – I have a question, where do I ask it?
A – You may ask it via the form on the contact us page.
Q – Where do I make my purchase of the one month of copy trading?
A – Subscriptions can only be done via the Binary Shop on the binary.com broker platform.
Q – Do you trade the Volatility Indices?
A – No we do not. We only trade currency from Monday to Friday.
Q – There is an option for a Financial account or a Gaming account, which one do I need to copy the trades?
A – You will need a Financial account. For UK subscribers, you will need a FX account. The Gaming account is for the Volatility Indices, which we do not trade.
Q – Is there trading everyday of the week.
A – No. We do not usually trade when there are public or bank holidays and we do not trade if we do not see any trading opportunities. However, for the most part, there is usually trading everyday.
Q – Is there a maximum number of losing trades and winning trades for the day?
A – Yes, we stop trading for the day if we have 3 losing trades in a row and prefer to come back the next day and start afresh.
We have no set stop trading limit for winning trades, but we are aware to bank a good run of winning trades for the day and not to be greedy.
Q – Will be there be losing days?
A – More than likely.
Trading binary options is a numbers game. You need to be winning at around 60% per month to show a profit, which means that you will be losing around 40% of trades.
Binary options is no get rich scheme and is most probably the most difficult type of trading there is.
That means that you have to stick with it and accept the losing days and soldier on and eventually the stats will play out over the month.
The key is to stay with it for the long term.