How to Trade at Binary.com for Beginners

By Binary Option Support

Nov 16, 2023 343 0

How to Register Account in Binary.com

How to Register a Trading Account

The process of opening an account at Binary.com is simple.

Visit the website Binary.com or click here
Enter your Email and click the "create free account" green button or register via a social network in the center of the website

Enter your Email and click the "Create free account"

How to Trade at Binary.com for Beginners

An email confirmation link will be sent to your email address. Click the green link to confirm

You will be shown a new screen to create new demo account, enter the password for your account and click "Create new demo account".

Congratulations! Your registration is finished!

Let’s go through the second option. Firstly, you will need to choose type of Trading. Binary.com offers 2 types of trading: "CFD" and "Digital Options"

CFD

Click "CFD"

Step 1: Choose Demo or Real Account for this type of Trading

Step 2: Choose Account Type and click "Next"

Step 3: Create a Passwod for MetaTrader 5 Account

Now you can trade on MT5 with $10,000 for Demo Account, click "Trade on web terminal" if you want to trade immediately on your current browser without download anything.

Enter your account detail as above and click "OK"

Now You can trade for Demo Account with $10,000 with MT5

If you want to trade with Real Account or add new account, just click "New Account".

Digital Options

Press "Digital Options"

Now You can trade for Demo Account with $10,000 with Smart Trader

If you want to open Real Account, click "Open Real Account"

Enter the required Information as below and click "Open Account" button

Opening Real Account Successfully

How to Register with Facebook Account

Also, you have an option to open your account through web by Facebook and you can do that in just few simple steps:

1. Click on Facebook button at home page

2. Facebook login window will be opened, where you will need to enter your email address that you used to register in Facebook

3. Enter the password from your Facebook account

4. Click on “Log In”

Once you’ve clicked on the “Log in” button, Binary.com is requesting access to: Your name and profile picture and email address. Click Continue...

After That You will be automatically redirected to the Binary.com platform.

How to Register with Google Account

1. To sign up with a Google account, click on the corresponding button in the page.

2. In the new window that opens, enter your phone number or email and click “Next”.

3. Then enter the password for your Google account and click “Next”.

After that, follow the instructions sent from the service to your email address.

How to Register with Apple ID

1. To sign up with a Apple ID, click on the corresponding button in the page.

2. In the new window that opens, enter your Apple ID and click “Next”.

3. Then enter the password for your Apple ID and click “Next”.

After that, follow the instructions sent from the service to your Apple ID.

How to Verify Binary.com Account

Documents to Binary.com

For Live accounts we need at least two documents to accept you as an individual client:

1. Proof of Identification - current (not expired) coloured scanned copy (in PDF or JPG format) of your passport. If no valid passport is available, please upload a similar identification document bearing your photo such as National ID card or Driving licence.

Valid Passport
Valid Personal ID
Valid Driver`s License

2. Proof of Address - a Bank Statement or Utility Bill. Please ensure however, that documents provided are not older than 6 months and that your name and physical address is clearly displayed.

Utility bills (electricity, water, gas, broadband and landline)
Latest bank statement or any government-issued letter which contains your name and address

3. Selfie with Proof of identity

A clear, colour selfie that includes your proof of identity (same as the one used in Step 1).

Requirements:

Must be a clear, colour photo or scanned image
Issued under your own name
Dated within the last six months
Only JPG, JPEG, GIF, PNG and PDF formats are accepted
Maximum upload size for each file is 8MB

Please note that we do not accept mobile telephone bills or insurance statements as proof of address.

Before uploading your document, please ensure that your personal details are updated to match your proof of identity. This will help to avoid delays during the verification process.

Step by Step

1. Click here to verify Account

2. At "Proof of Identity", choose one of them which is convenient for you and upload following the instruction from Binary.com

3. After Uploading Proof of Identity, go to "Proof of Address", upload your Address

4. Scroll down the page, you will see "Submit for Review" and click it

Upload successfully.

After your account is fully authenticated, you will revceived the notification in email and on Binary.com also

How to Deposit Money in Binary.com

Deposit Methods

This is a complete list of supported payment methods. Well show you which payment methods are available in your location on the deposit page.

Note:

Figures have been rounded.

Additional processing time may be required by your bank or money transfer services for the funds to be credited to your payment account.

How do I Deposit in Binary.com

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Deposit"
Make sure you are logged in to your Binary.com real money account

Deposit Using Skrill

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Deposit"
Make sure you are logged in to your Binary.com real money account

3. Choose ‘Skrill’ from the list of deposit methods

4. Enter the amount you wish to deposit and click "Next"

5. Enter your one-time password to proceed

Enter your one-time password
Click ‘CONTINUE’
Click ‘PAY NOW’

6. Congratulations! You have successfully deposited into your real account

7. Deposit confirmation, Binary.com real money account statement

Deposit Using FasaPay

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Deposit"
Make sure you are logged in to your Binary.com real money account

3. Choose ‘FasaPay’ from the list of deposit methods

4. Fill in the form with the necessary information. Enter your FasaPay Account ID and the amount you wish to deposit then click "Next "

Confirm the deposit amount and click "Continue"

5. You’ll be redirected to the FasaPay online transfer terminal. Enter your FasaPay account password and click "Login"

6. The verification PIN will be sent to your email. Enter the FasaPay Verification PIN and click "Process"

7. Check and confirm your transaction. Enter additional notes and click "Process"

8. Review transaction details.

Provide the four-digit pin sent to your email
Tick to declare that the transaction details are correct
Click "Confirmation"

9. Congratulations! You have successfully deposited into your real account

10. You will receive email notifications from Binary.com and FasaPay

11. You can also view the details of your transaction in your Statement

Deposit Tethers into UST Account

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Deposit"
Make sure you are logged in to your Binary.com real money account

3. Log in to your UST account to send tethers

1. To transfer tethers to your Binary.com UST account, get a new Tether address from Binary.com
2. Log in to your personal Tether wallet
3. Enter the Tether address provided to you by Binary.com
4. Indicate the amount in tether that you’d like to deposit to your Binary.com Tether account
5. click ‘Submit

4 Deposit confirmation

5. Start trading using your Binary.com UST account. Purchase contracts and collect your payouts in tether

Deposit to MetaTrader 5 Account

1. Visit www.binary.com and log in to your Real Account.

2. On the right-hand side menu, click ‘MetaTrader’

3. Select the MT5 Real Money Account you would like to fund. Deposits for your MetaTrader 5 account always pass through your Binary.com account

4. Follow these steps to deposit funds into your MT5 Real Money Accounts

Step 1: Enter the amount you wish to deposit

Step 2: Click ‘Transfer To MT5’

Step 3: View transaction details here

Follow the same steps to deposits funds into all of your MT5 Real Money Accounts.

How to trade Binary Option at Binary.com

What are binary options

A binary option is a type of option with a fixed payout in which you predict the outcome from two possible results. If your prediction is correct, you receive the agreed payout. If not, you lose your initial stake, and nothing more. Its called binary because there can be only two outcomes – win or lose.

Advantages of binary options trading

Aside from the simplicity of its yes or no proposition, binary options trading is also very flexible. It gives you the ability to trade:

All markets

Trade on underlying markets that include forex, stock indices, commodities, and more.

All market conditions

Predict market movement using up/down, touch/no touch, and in/out trade types.

All durations

Take a short-term or long-term view with trade durations from 10 seconds to 365 days.

All payouts

Earn payouts up to 50,000 USD. Losses are limited to your initial stake and nothing more.

Why you should trade binary options with Binary.com

Enjoy an award-winning online trading platform with trading conditions that are ideal for new and experienced traders.

Award-winning online trading platform

Simple and intuitive

Enjoy a trading platform thats easy to navigate and use.

Instant access

Open an account and start trading in minutes.

Available 24/7

Trade when you want. Our Synthetic Indices are available even on weekends.

Patented technology

Trade with the industry pioneer and holder of a patented pricing technology.

Security and privacy

Trade confidently, knowing that your personal data, transactions, and funds are always secure.

All conditions and durations

All markets and conditions

Trade currencies, stock indices, commodities and more in rising, falling, sideways, quiet, and volatile markets.

Short to long-term durations

Choose timeframes from 10 seconds to 365 days.

Competitive and transparent pricing

Sharp, benchmarked prices

Receive prices that are benchmarked against interbank rates.

Transparent risk and potential reward

Know how much you will win or lose before you purchase the contract.

Protect your profits

Sell your long-term contracts before expiry to protect any profits you may have made or to minimise your losses.

Two-way pricing

Receive quotes for a trade and countertrade, so you always get unbiased, transparent rates.

Ideal for new and experienced traders

Low minimum stakes

Deposit as little as 5 USD to start trading.

Trade according to your preferred strategy

Trade based on "gut feel" or rely on technical and fundamental analysis.

Flexible

Choose from over one million possible trade variations at any time, and customise your trades according to your preferred strategy.

Scalable

Earn the same proportional return on stakes of all values.

How to trade binary options

Binary options trading is relatively easy. You can purchase a contract in just three steps:

1 Define your position
Choose the market, trade type, duration, barrier, and payout.

2 Get your price
Receive instant prices based on your position.

3 Make your trade
Buy the contract or re-define your position.

Step 1: Define your position

The first step is to set the parameters of your trade. There are five trade parameters you need to adjust in order to receive a price for the contract:

1. Market

Choose from four available markets:

Forex
- Major and minor pairs, plus Smart FX indices
Stock Indices
- All major worldwide stock indices sourced from the over-the-counter market
Commodities
- Major commodities such as gold, silver, and oil
Synthetic Indices
- Our proprietary synthetic indices that simulate market forces

2 Trade type

Choose from three main trade types:

Up/Down
- Predict if the market will rise or fall from its current level, or if it will end higher or lower than a price target.
Touch/No touch
- Predict if the market will touch or not touch a price target.
In/Out
- Predict if the market will stay between or go outside two price targets.

Aside from the three main trade types above, you also get Asians and Digits trade types exclusively with our Synthetic Indices.

3 Duration
Set the length of your trade from 10 seconds to 365 days, whether you have a short-term or long-term view of the markets.

4 Barrier
Set barrier(s) to define your position and trigger the payout youll receive.

5 Payout
Choose the payout you wish to receive from correctly predicting this contract.

Step 2: Get your price

The price of the contract is automatically calculated by our patented pricing technology based on the parameters youve defined in Step 1. Our prices are benchmarked against the interbank options market, so you always get the most competitive prices. This means that youll always receive fair and transparent pricing, whatever your position.

Step 3: Make your trade

When you are satisfied with the price that you receive, execute your trade immediately. With our unique platform, theres no risk of slippage or gaping markets. And most importantly, there are no hidden fees. You can also sell back any long-term trades at any time to profit from favourable market conditions.

Types of trades

Binary.com offers the following trade types that will help you execute your market view or strategy:

Up/Down

There are two types of Up/Down trades:

Rise/Fall
- Predict that the market will rise or fall from its current level.
Higher/Lower
- Predict that the market will end higher or lower than a price target.

Touch/No touch

Predict that the market will touch or not touch a target any time during the contract period.

In/Out

There are two types of In/Out trades:

Ends Between/Ends Outside
- Predict that the market stops inside or outside two price targets at the end of the time period.
Stays Between/Goes Outside
- Predict that the market stays inside or goes outside two price targets any time during the contract period.

Asians

Predict that the market will end higher or lower than the average price.

Digits

Predict the last decimal digit of the spot price with Digits. There are three types of Digits trades:

Matches/Differs
- Predict that the last digit will match or not match.
Even/Odd
- Predict that the last digit is an even number or odd number after the last tick.
Over/Under
- Predict that the last digit is higher or lower.

Reset Call/Reset Put

There are two types of reset trades:

Reset Call
- Predict that the market will end up higher than either the current level or the level at a predetermined time (reset time).
Reset Put
- Predict that the market will end up lower than either the current level or the level at a predetermined time (reset time).
- At reset time, if the spot is in the opposite direction of your prediction, the barrier is reset to that spot.

High Ticks/Low Ticks

Purchase High Tick/Low Tick contracts to predict the highest or lowest tick among the next five ticks.

Only Ups/Only Downs

Available trade types:

Only Ups
- Win payout if consecutive ticks rise successively. Contract is lost when at least one tick falls or is equal to any of the previous ticks.
Only Downs
- Win payout if consecutive ticks fall successively. Contract is lost when at least one tick rises or is equal to any of the previous ticks.

Please note that Asians, Digits, Reset Call/Reset Put, High Ticks/Low Ticks, and Only Ups/Only Downs are available exclusively with our Synthetic Indices.

Range of markets

Binary options allow you to trade on a wide range of underlying markets. One of the advantages of trading binary options is that you are not buying or selling an actual asset, only a contract that determines how that asset performs over a period of time. This limits your risk and makes it easy for anyone to start trading.

Available markets

Forex
Major pairs, minor pairs, and Smart FX indices.

Stock Indices
Major worldwide stock indices sourced from the OTC market.

Commodities
All four precious metals, plus energy.

Synthetic Indices
Synthetic indices that mimic market volatility.

Forex

Trade popular major and minor currency pairs, plus Smart FX indices – weighted indices that measure the value of a currency against a basket of major currencies.

There are four types of Smart FX indices that you can trade:

AUD Index – Measures the value of the Australian dollar against a basket of five global currencies (USD, EUR, GBP, JPY, CAD), each weighted by 20%
EUR Index – Measures the value of the Euro against a basket of five global currencies (USD, AUD, GBP, JPY, CAD), each weighted by 20%
GBP Index – Measures the value of the British Pound against a basket of five global currencies (USD, EUR, AUD, JPY, CAD), each weighted by 20%
USD Index – Measures the value of the US dollar against a basket of five global currencies (EUR, GBP, JPY, CAD, AUD), each weighted by 20%

Stock Indices

Enjoy exciting opportunities to trade stock indices with the benefit of real-time charts and pricing.

Our stock indices are sourced from the over-the-counter (OTC) market – sources outside of the centralised exchanges. Please note that due to their OTC nature, the prices of our stock indices may differ from their counterparts on centralised exchanges.

Commodities

We offer all four precious metals – gold, silver, palladium, and platinum – as well as energy in our list of commodities.

Synthetic Indices

Binary.coms Synthetic Indices are synthetic indices that mimic real-world market volatility and are available for trading 24/7. They are based on a cryptographically secure random number generator audited for fairness by an independent third party.

Synthetic Indices give you exclusive access to various trade types, such as Up/Down, Touch/No Touch, In/Out, Asians, Digits, Lookbacks, Reset Call/Reset Put, Call Spread/Put Spread, Only Ups/Only Downs, and more.

Synthetic Indices are further categorised into two classes:

Continuous Indices – Choose from the Volatility 10 (1s) Index, Volatility 25 (1s) Index, Volatility 50 (1s) Index, Volatility 75 (1s) Index, Volatility 100 (1s) Index, Volatility 10 Index, Volatility 25 Index, Volatility 50 Index, Volatility 75 Index, and Volatility 100 Index. These indices correspond to simulated markets with constant volatilities of 10%, 25%, 50%, 75%, and 100% respectively.
Daily Reset Indices – Daily Reset Indices replicate markets with a bullish and bearish trend with a constant volatility. The Bull Market and Bear Market indices start at 00:00 GMT each day, replicating bullish and bearish markets respectively.

How to trade Forex/CFDs/Crypto/Metals at Binary.com MT5

How to Trade on the MetaTrader 5 Platform

How to login to MetaTrader 5

Visit www.binary.com and log in to your account

Select ‘MetaTrader’ from the top right-hand menu

On the MetaTrader 5 dashboard, click ’Trade on MT5 web platform’

Next, log in to your MT5 real account, enter MT5 login and Password

How Open a new Position

Step 1: Right-click your chosen symbol (currency pair) and select ‘New Order’ or simply double-click on the symbol to open the ‘New Order’ window

Step 2: Adjust the limits of your contract and select ‘Buy by Market’
Note: You can also choose ‘Sell by Market’ to ‘short sell

Step 3: Click ‘OK’ to confirm the order

How to close your position in MT5

Step 1: Double-click on the open position in the Terminal window to modify or delete the order

Step 2: Click ‘Close by Market’

Step 3: Click ‘OK’ to confirm

Or To close an open position, click the ‘x’ in the Trade tab in the Terminal window.

Or right-click the line order on the chart and select ‘close’.

As you can see, opening and closing your trades on MT5 is very intuitive, and it literally takes just one click.

How to check your ‘trading history’

Step 1: Click on the ‘History’ tab to view the profit/loss for a contract

Step 2: Select a particular contract and refer to the ‘Profit’ column to see its profit/loss

Forex

The Foreign Exchange Market (forex) is the worlds largest and most liquid market – where anyone can buy, sell, and exchange currencies.

What is forex trading

The foreign exchange market (forex) is the worlds most liquid and most traded market, where trades worth trillions are completed each day.

Forex trading involves buying one currency and selling another currency at the same time. This is why you always see them quoted in pairs. For example: EUR/USD and GBP/USD.

Which currencies can I trade

Forex trading involves buying or selling these "currency pairs". When you buy a currency pair such as EUR/USD, it means that you are buying the EURO and selling the USD at the same time.

Currency pairs are categorised as follows:

Major pairs – Consist of the worlds most widely traded currency pairs
Minor pairs – Consist of less liquid currency pairs
Exotic pairs – Consist of one non-USD major currency thats paired with the currency of an emerging economy, for example: GBP/HKD

The spread – why it matters

When you see currency pairs offered by a broker or trading service, there are usually two prices available: the ask price and the bid price. These are also known as the buy price and the sell price respectively.

The spread is the difference between the ask and bid price.

Based on the table below, can you tell what is the spread for the EUR/USD currency pair?

Symbol	Bid	Ask
EUR/USD	1.05652	1.05653
GBP/USD	1.24509	1.24515
USD/CHF	1.01010	1.01015
USD/JPY	113.248	113.251
USD/CAD	1.31441	1.31444
AUD/USD	0.76876	0.76879
AUD/NZD	1.06683	1.06691
AUD/CAD	1.01043	1.01050
AUD/CHF	0.77652	0.77658

Lets calculate the spread for EUR/USD:

Ask price – Bid price = Spread

1.05653 – 1.05652 = 0.00001

What time is the market open for me to trade

The forex is an over-the-counter market where trading takes place between two parties, and not with a centralised exchange or marketplace.

Depending on your broker or trading platform, you can start trading from the time the Sydney market opens on Monday morning to the time the New York market closes on Friday evening – up to 24 hours a day, five days a week.

Binary.com clients can trade forex from Sunday 21:00 GMT to Friday 21:00 GMT.

How to trade forex

A forex trader always has one objective in mind when trading: to exchange one currency for another in order to make a profit.

This is why weve come up with the following three-step tutorial to help you bridge that gap and make your first trade:

Step 1: Learn to read currency pairs

One of the first things most forex traders learn is how to read a currency pair. There are two parts to a currency pair

EUR / USD

Base currency

Also known as transaction currency

Quote currency

Also known as counter currency

Tips

The base currency is always equal to one unit.
The ask price of the currency pair indicates how much of the quote currency is required to buy one unit of base currency. This is more commonly known as the exchange rate.

For example, if you see that the EUR/USD has an ask price of 1.05382, youll sell 1.05382 USD (quote currency) for every 1 EUR (base currency) you buy.

If the bid price is 1.05229, youll buy 1.05229 USD for every 1 EUR you sell.

Step 2: Understand when to buy and when to sell

Think that a certain currency will go up or down? Learn when you should buy (or "go long") and when to sell (or "go short").

Traders choose to buy a certain currency pair if they think the value of the base currency will rise. The opposite is also true: they sell a certain currency pair if they think the value of the base currency will fall.

Lets compare the differences between buying and selling, using the EUR/USD as an example:

Buy

Youre buying the EUR and selling the USD.
You expect the EUR to rise in value so you can sell it back for a profit.
Buy = go long

Sell

Youre selling the EUR and buying the USD.
You expect the EUR to fall in value so you can buy it back at a lower price (and make a profit).
Sell = go short

Step 3: How to purchase your first currency pair

After youve decided which position you want to take, your next step is to purchase that currency pair on MetaTrader 5.

Heres an example of the EUR/USD currency pair and its bid-ask price:

To go long, youll want to click on Buy to purchase 1 EUR for 1.17726 USD

To go short, youll click on Sell to sell 1 EUR and receive 1.17725 USD in return.

Cryptocurrencies

Cryptocurrencies such as Bitcoin and Ethereum are decentralised digital assets that enable instant payments to anywhere in the world.

What is cryptocurrency trading

Cryptocurrencies such as Bitcoin and Ethereum are decentralised digital currencies on the blockchain.

Some of the things that cryptocurrencies have in common include:

Decentralisation – The decentralised nature of cryptocurrencies means that no single government body or financial authority has control over them
Blockchain technology – All cryptocurrencies use a variation of blockchain technology (a kind of public ledger) to score records of each transaction.
High level of security – Each cryptocurrency transaction is secured through advanced cryptographic techniques that make it almost impossible to counterfeit

Trading cryptocurrencies on our MetaTrader 5 platform means taking a position on a cryptocurrency pair when you expect it to rise or fall in value so you can make a profit when your prediction is correct.

How to trade cryptocurrencies

Trade Bitcoin, Ethereum, and Litecoin pairs without owning them. Our cryptocurrency pairs quote a cryptocurrency such as Bitcoin against a fiat currency, such as the US dollar.

Similar to forex trading, you must understand when to buy (or "go long") and when to sell (or "go short"). In forex trading, youll buy a certain currency pair if you think the value of the base currency will rise. The opposite is also true: you will sell a certain currency pair if you think the value of the base currency will fall.

The same concept applies to our cryptocurrency pairs.

Lets compare the differences between buying and selling, using the BTC/USD as an example:

Buy

Youre buying the BTC and selling the USD.
You expect the BTC to rise in value so you can sell it back for a profit.
Buy = go long

Sell

Youre selling the BTC and buying the USD.
You expect the BTC to fall in value so you can buy it back at a lower price (and make a profit).
Sell = go short

In a nutshell, when you go long on the BTC/USD with Binary.com, you are not purchasing bitcoin directly. Instead, youre taking a position that the BTC/USD will rise in value whereby you will make a profit. If you go long on the BTC/USD and its value falls, then you will make a loss.

CFDs

Contracts for difference (CFDs) are financial derivatives that allow you to trade on the movement of underlying assets without owning them.

What is CFD trading

A Contract for difference (CFD) is a financial derivative that allows you to potentially profit by speculating on the rise or fall of an underlying asset, without actually owning that asset.

The movement of the underlying asset determines your profit or loss – depending on the position that you have taken.

Advantages of CFD trading

Trade with leverage
- Trade a larger position than your exisiting capital.
Hedge your portfolio
- Offset potential losses to your investment portfolio by hedging with CFDs.
Go long and short
- Trade long and short positions, depending on your preferred strategy.

What you can trade with CFDs

Contracts for difference (CFDs) allow you to speculate on a number of markets, including indices, shares, and commodities. At Binary.com, we offer popular cash indices, cryptocurrencies, as well as proprietary Synthetic Indices that simulate market movement.

How to trade CFDs

New to CFD trading? We explain a few basics that all CFD traders need to know before they start trading.

When to buy and sell

When you are trading CFDs, you can choose to open a buy position (if you think that the price will rise) or a sell position (if you think that the price will fall).

Buy

In this case, you predict that the price will rise. This is also known as going long.

Sell

In this case, you predict that the price will fall. This is also known as going short.

Lets use the US 100 index as an example:

If you decide to buy or go long on the US 100 index, your profit will continue to increase as long as the price of the US 100 index keeps rising. However, if the price falls, the losses you incur will also increase.

The opposite is true if you decide to sell or go short on the US 100 index. This means that your profit will continue to increase as long as the price of the US 100 index keeps falling. However, if the price rises, the losses you incur will also increase.

How to calculate your profits and losses

Lets say a US 100 contract is worth 1 USD per point in the underlying asset. If you decide to go long on the US 100, and the asset price rises by 10 points, that represents a 10 USD profit for you.

However, if the asset price falls by 10 points, that represents a 10 USD loss for you.

To learn more, please read our CFD contract specifications.

How to close a position

When you decide to close an open contract, you only need to choose “Close Position” option from context menu.

Metals

Diversify your portfolio with all four types of precious metals that are widely known as "safe haven" investments: gold, silver, platinum, and palladium.

What is metals trading

Diversify your portfolio with some of the most popular commodities in the world including gold and silver.

Metals trading lets you speculate on the price movement of a particular metal asset in order to profit from the price difference when the asset value rises or falls.

Metal – a hard commodity
Metals are also known as "hard" commodities as they are natural resources that must be mined or extracted.

Metals are categorised into two types:

Industrial metals
- Industrial metals – also known as base metals – are abundant, but oxidise or corrode easily. Industrial metals feature heavily across a wide range of industrial and commercial applications, including electrical wiring, automobiles, and batteries.
Precious metals
- Precious metals are harder to come by and are more valuable than industrial metals. Because precious metals are softer and less reactive, they are widely used in jewellery, medical devices, and electronics.

Why you should trade precious metals with Binary.com

Competitive spreads
- Trade metals on competitive fixed and variable spreads.
Commission-free
- Pay no commission on all metal contracts.
Comprehensive
- Trade all four precious metals on one platform.

How to trade metals

Learn the basic concepts of trading metal pairs on our MetaTrader 5 platform.

When to buy and sell

When you are trading metals, you can choose to open a buy position (if you think that the price of an asset will rise) or a sell position (if you think that the price of an asset will fall).

Buy

In this case, you predict that the price will rise. This is also known as going long.

Sell

In this case, you predict that the price will fall. This is also known as going short.

Lets use the XAU/USD (Gold vs US dollar) metal pair as an example.

If you decide to buy or go long on the XAU/USD, you will profit if the price of the XAU/USD rises, and incur losses if the price falls.

If you decide to sell or go short on XAU/USD, you will profit if the price of the XAU/USD falls, and incur losses if the price rises.

Factors that affect metal prices

Knowing when to buy and sell metals largely depends on how well you know the factors that influence market prices. The most common influencing factors are:

Supply – Decline or increase in supply
Demand – Driven by industrial and commercial applications, including new technological products or fashion trends
Market volatility – Political, economic, or social instability may lead to more volatile financial markets that affect the prices of certain metals

Keeping up with market news and trends in a certain sector can help you tremendously, especially if youre just starting out.

How to calculate your profits and losses

Lets use the XAU/USD metal pair again as an example.

Due to market volatility and golds reputation as a safe-haven asset, you predict that the price of gold will rise.

After you purchase one lot of XAU/USD at a price of 1,255.06 USD, the price of gold increases and you decide to sell when it reaches 1,255.80 USD. Your profit or loss comes down to the price difference multiplied by the total lots you purchased.

Your profit or loss is calculated as follows:

(Closing price – Opening price) x Lot units = Profit/Loss

(1,255.80 – 1,255.06) x 100 = USD 74

Please note that one lot is equivalent to 100 units, based on our contract specifications.

How to Withdraw Money at Binary.com

Withdrawal Methods

This is a complete list of supported payment methods. Well show you which payment methods are available in your location on the deposit page.

Note:

Mastercard and Maestro withdrawals are only available for UK Clients.

Figures have been rounded.

The minimum amount for withdrawal will vary depending on the latest exchange rates.

Additional processing time may be required by your bank or money transfer services for the funds to be credited to your payment account.

How do I withdraw Funds?

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Withdraw"
Make sure you are logged in to your Binary.com real money account

Withdrawal Using Skrill

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Withdraw"
Make sure you are logged in to your Binary.com real money account

3. Click on the verification link sent to your email to confirm that you are the account owner

4, You’ll be automatically re-directed to the withdrawal page.

1. Enter the amount you wish to withdraw
2. Choose Skrill

5. Enter your comments and request payout

6. Withdrawal confirmation

Binary.com real money account statement

Withdrawal Using FasaPay

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ - click "Withdraw"
Make sure you are logged in to your Binary.com real money account

3. Click on the verification link sent to your email to confirm that you are the account owner

4. You’ll be automatically redirected to the withdrawal page

1. Enter the amount you wish to withdraw
2. Choose FasaPay

3. Enter your FasaPay Account ID
4. Enter comments
5. Click ‘Request Payout’

5. You’ll see a withdrawal request confirmation

6. You’ll also receive a withdrawal request confirmation email

7. View details of successful transactions in your Statement

Withdraw tethers from your UST account

1. Visit www.binary.com and log in to your Real Account.

2. Go to the ‘Cashier’ to withdraw tethers
Make sure you are logged in to your UST account

1. Go to the ‘Cashier
2. Click ‘Withdraw’

3. Click the verification link sent to your email
Click the verification link sent to your email to confirm that you are indeed the account owner

4. Enter your public UST address to withdraw tethers

1. Log in to your personal UST wallet and get your public address
2. Enter your public UST address and the amount in tether you’d like to withdraw from your Binary.com UST account
3. click ‘Withdraw

4. Click here to check your transaction status via the blockchain

5. Withdrawal confirmation
Your Binary.com Real Account statement

Your UST wallet statement

Withdraw from your MetaTrader 5 Account

1. Visit www.binary.com and log in to your Real Account.

2. On the right-hand side menu, click ‘MetaTrader’

3. Select the MT5 Real Money Account you would like to fund. Withdrawals for your MetaTrader 5 account always pass through your Binary.com account

4. Follow these steps to Withdraw funds into your MT5 Real Money Accounts

Step 1: Enter the amount you wish to withdraw
Step 2: Enter your MT5 main password
Step 3: Click ‘Withdrawal From MT5’

Step 4 View transaction details here

Follow the same steps to withdraw funds from all of your MT5 Real Money Accounts.

Frequently Asked Questions (FAQ) in Binary.com

General Questions

I forgot my Google/Apple/Facebook account password. How can I log in to my Binary.com account?

If you created your Binary.com account using Apple/Google/Facebook, try resetting your Apple/Google/Facebook password. After that, you should be able to log in to Binary.com as usual.

If youd like to log in using your email instead of Apple/Google/Facebook, follow these steps:

1. Hit Reset password on the login page.

2. Enter the same email address that you use for your Google/Facebook account.

3. Well email you a verification link. Click that link and set a new password.

4. Now, youll be able to log in to your trading account using your email address and password.

What currency can I use to open a real money account?

You may open a real money account in any of the following currencies:

USD, EUR, GBP, AUD, BTC, ETH, LTC, USDC, USDT

While you may only have 1 fiat currency account (USD, EUR, GBP, AUD), you may have multiple (one of each) cryptocurrency accounts (BTC, ETH, LTC, USDC, USDT).

Can I open more than one Binary.com account?

You can open one account (in the fiat currency of your choice) with your email address or via your Apple, Facebook, or Google logins. You can also add cryptocurrencies to your profile.

Please note: as per our terms, only one account is allowed per client.

Can I open a corporate or business account?

Yes! Contact us via live chat and well help you through it. Well need the following information:

- Name of entity

- Certificate of incorporation

- Memorandum and articles of association

- List of directors

- List of shareholders

- Authorization to manage the account (if your business has more than 1 director)

- Passport and utility bill/bank statement of the person managing the account, of each director and shareholder (if your business has more than 1)

- Utility bill/bank statement containing the address of the business

- Source of wealth documentation

We may request for more information during the signup process.

Account

How can I change the currency of my account?

While your virtual account currency is fixed at USD, you can change the currency of your real account here.

Please note that you wont be able to change your account currency if:

- youve made your first deposit, or

- youve added an MetaTrader 5 account

I forgot my password. What should I do?

You can reset both your Binary.com login password and your trading password here.

What is the trading password?

The trading password is used as a single password for all your MT5 accounts. Instead of having to remember different passwords for all your MT5 accounts, you just need to remember your trading password. Please note that it is separate from your Binary.com login password.

Deposit and Withdrawal

What is the minimum deposit or withdrawal amount?

You can deposit or withdraw a minimum of USD/EUR/GBP/AUD 10 using Skrill and USD/EUR/GBP/AUD 5 using other e-wallets. Other payment methods will have different minimum amounts.

How long does it take for my deposits and withdrawals to be processed?

We process deposits instantly and withdrawals within 1 business day. However, it may take longer for your funds to reach your account due to the different processing times by banks and payment service providers. For a complete list of the processing times for each payment method, see our Payment Methods page.

How can I cancel my withdrawal?

You can cancel your withdrawal on the Cashier page by following the steps mentioned in the next paragraph. Please note that withdrawals cannot be cancelled if:

- youre residing in the UK, or

- your withdrawal request has already been authorised and processed

Follow these steps to cancel your withdrawal:

1) Go to Cashier Withdraw.

3) Well send you an email with a verification link. Click that link.

4) Click Pending payouts.

5) Select the transaction that youd like to cancel.

6) Click Yes to confirm the cancellation. Your funds will be returned to your Binary.com account, and your account balance will be updated accordingly.

Why did my credit card deposit fail?

Some reasons why your credit card deposit failed:

- Your card-issuing bank may have blocked your transaction. Please contact your bank to check.

- Your 3D Secure code may not be activated. Please contact your bank to check.

- Your country of residence does not match the country that your card was issued in.

- Your credit card balance may be insufficient.

If you need help, please contact us via live chat.

Trading

How can I automate my trading strategy?

You can automate your trading strategy using a trading bot. A trading bot is an automated computer program that purchases trade contracts for you while following a specific set of instructions that you provide.

Build your trading bot for free on our Binary Bot platform, no coding needed. Learn more about Binary Bot here.

What is Binary Bot?

Binary Bot is a web-based automated trading bot builder. You can build your own trading bot using drag-and-drop blocks, without needing to code. Each block contains instructions that tell your bot how to execute a trade. Numerous parameters and strategies are available so you can customize your bot any way you want.

Watch this video below to learn more:

MetaTrader 5

What is MetaTrader 5 (MT5)?

MT5 is a CFD trading platform that gives you access to forex, stocks, stock indices, commodities, cryptocurrencies, and synthetics.

To learn more, read this PDF, or watch this video:

What are the main differences between your binary options and MT5 platforms?

Our binary options platforms such as SmartTrader, Web Trader, and Binary Bot, offer binary options trading on a range of underlying assets such as forex, stock indices, commodities, and synthetics. These platforms allow you to set the contract duration before opening positions, and youll know exactly how much youll earn if you win. You may find these platforms to be more intuitive if youre new to the trading world.

Our MT5 platform offers CFD trading on a similar range of assets, where youre able to open positions with leverage and your potential profit is only known when you close your positions. Its riskier than binary options trading because while you may potentially gain a lot if you win, you may also lose a lot if you dont. MT5 is popular among our traders who enjoy the risks as part of the excitement of CFD trading.

What is the minimum amount to open a position on MT5?

The minimum amount you’ll need to open a position on MT5 depends on the margin required for each asset.

You can calculate the margin required using this formula:

margin = (volume × contract size × asset price) ÷ leverage

All the information you need for this formula can be found on the MT5 platform.

See these examples:

For Volatility 75 Index:

margin = (0.001 x 1 x 900000) ÷ 2000 = 0.45 USD

For EUR/USD:

(0.01 x 100,000 x 1.20000) ÷ 1000 = 1.20 USD

Notes:

1. This formula gives you the margin required in the quote currency for forex pairs, or in the denomination of the underlyiing asset. For example, if you are trading the USD/CHF forex pair, the margin requirement is calculated in Swiss Francs (CHF), which is the quote currency. On the other hand, if you are trading Volatility Index 75, then the margin requirement will be calculated in US Dollars (USD), which is the denomination of the underlying asset.

2. One standard lot for forex is 100,000 units.

For more information, please refer to our CFD margin policy and forex margin policy.

How do I login to my MT5 account?

Follow these steps to log in to your MT5 account:

1. Go to your MT5 dashboard.

2. From the dropdown menu, select the MT5 account you want to trade with, and take note of your MT5 login and server.

3. If youd like to trade on the MT5 web terminal, click Trade on web terminal. If you have the MT5 mobile app, launch it.

4. Enter your MT5 login and trading password, select the server, and click OK.

5. Youre now logged in to your MT5 account, and you can begin trading.

Cryotocurrencies

How do I sign up for a BTC account?

Download the step-by-step guide below on how to sign up for a BTC account:

We’ve also created a BTC account signup guide for clients with an existing fiat currency account.