A binary option (sometimes known as a digital or fixed or exotic option), is one that offers a fixed return predetermined at the onset of the contract.
A binary option will always offer a fixed return. OptioNet typically returns 70-89% when an option expires “in the money” and typically refunds 0-15% when an option expires “out of the money”. On an invested sum of $100 an expiry “in the money” will return $170-$189 to the client. Should the option expire “out of the money” then OptioNet will refund $0-$15.
OptioNet is offering Binary Options on various internationally traded financial assets including currencies, indices, stocks and commodities. See Asset Table.
OptioNet currently offers three instrument types:
- One Touch
For a fuller explanation of how to trade these instruments see the Trader Basics page.
The target price (sometimes referred to as strike or purchase price of an option) is determined by OptioNet based on live pricing feeds supplied by the Data Provider. The price represents the price at which OptioNet is willing to sell the option. Customers may buy an option on either side of the target price depending upon the way that they determine the asset is likely to move in the market.
The expiry time is the time and date that an option expires. The expiry time displayed to clients automatically adjusts according to the time zone of client.
Purchased options may be closed prior to the normal expiry time of the option up to the “no more trades” time. Closing an option is available within several minutes from the purchase time. (Note Close functionality may not be active at all times and for all options).
The expiry level calculated by OptioNet is based on real market bid, ask and last prices provided by the Data Provider at the time of expiry of the option. The expiry level determines whether the option has expired “in the money” or “out of the money”. The expiry calculation formulas are explained fully in Expiry Calculation.
An option which expires “in the money” is one which at expiry the condition on the option is fulfilled. The following are examples of options expiring “in the money”.
- A High/Low instrument where a high option expired above the target price or a low option that expired below the target price.
- A One Touch instrument where a touch option expired due to the target price being reached or a no-touch option where the expiry time was reached without the target price being reached.
- A Boundary instrument where an inbound option expired between the target prices or an outbound option which expired below the lower target price or above the upper target price.
An option which expires “out the money” is one which at expiry the condition on the option is not fulfilled.
This scenario (possible for a High/Low or Boundary Instrument) is referred to as “at the money” expiry. In such a case 100% of the initial investment will be returned by OptioNet to the customer.
The amount of money invested in an option.
The maximum investment amount for an option is 1,000 USD, 1,000 EUR or 1,000 GBP.
The minimum investment amount for a single option is 20 USD, 20 EUR or 20 GBP.
There is no limitation placed on the number of options that can be purchased at any particular time. There is however, an exposure limit of 5000USD, 5000EUR or 5000GBP. This limit represents the total value of open positions at any particular time.
Deposits & Withdrawals
The trading currency (USD, EURO or GBP) is selected as part of the registration process. Once selected all deposits must be made in the selected currency.
The minimum deposit to start trading is 200 USD, 200 EUR or 200 GBP depending on your trading currency.
No deposit is required in order to complete the registration process. In order to begin trading however the minimum initial deposit of 200 USD or 200 EUR or 200 GBP needs to be made.
For details of how to make a withdrawal please refer to our banking page.
Requests for withdrawal will be processed by OptioNet back to the original fund source. In the event of this not being possible OptioNet will process the withdrawal by wire transfer to a bank account in the name of the account holder.
The minimum withdrawal amount is 10USD, 10Eur or 10GBP. OptioNet provides you with one withdrawal per month that is exempt from commission fees. Any additional withdrawal within the same month will be charged a fee of 30USD, 30EUR or 30GBP or the equivalent in local trading currency.
Withdrawal requests that have not been processed by OptioNet may be canceled. In such a case the requested sum will be returned to the customer balance.
Simply click on the new user button on the homepage and follow the simple registration steps.
If you forget your password, click on the Forgot your password link at the top of the Homepage and follow the steps. Your password will be sent to the email you indicate provided it matches the original address that was provided when you registered. If you have forgotten your user name, please contact our Customer Services team by phone or by email: cs@OptioNet.com
If your address or other details change, please login to your account and update your details online. Alternatively you can contact us cs@OptioNet.com
Account balance can be viewed once logged in to the trading platform or within the “My Account” section available to registered users.
Complete transaction history can be viewed once logged in to the trading platform or within the “My Account” section available to registered users.
Any standard PC with an internet connection may be used. No additional software download is required onto your computer in order to start trading. OptioNet recommends usage of Internet Explorer (IE7.0, IE8.0), FireFox (v3.5, v3.6) or Google Chrome (v4.0) as the internet browser. Java script must be enabled to trade in our site.
Flash player needs to be installed to view all site elements.
All data transmitted between your computer and OptioNet is securely passed over the Internet using 128bit SSL encryption certificate provided by Thwate.
OptioNet™ is a trademark operated by Mika Holdings Inc, a company incorporated in the British Virgin Islands with globally located offices contact us. Mika Holdings Inc is owned and managed by a seasoned group of professionals, specializing in the fields of financial options, commodities, derivatives, stocks, forex trading, online marketing, software research and development.
If you have a problem you can always contact our technical support center.
- TRADER RESOURCES