FAQ: Open a Forex Trading Account

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What is a binary option?

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Binary options are a simple and rewarding financial trading product. Binary options deliver a fixed return on every trade which is made, depending on whether the trade was “In The Money”, “Out Of The Money” or a “Tie”. Binary options – which are also referred to as digital options – are one of the fastest growing financial trading products in the world because their simplicity, together with the certainty which they offer on every trade, makes them an attractive trading tool for many financial investors.
When buying a binary option the potential return it offers is certain and known before the purchase is made. Binary options can be bought on virtually any financial product and can be bought in both directions of trade either by buying a “Call”/“Up” option or a “Put”/“Down” option. This means that an investor can go long or short on any financial product simply by buying a binary option. Binary options are offered against a fixed expiry time which may be e.g. 5-30 minutes in the future, an hour ahead or at the close of the trading day. Binary options once bought cannot be resold before the expiry time is reached.
What is an Underlying Asset?

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Assets are any tradable products which a financial market can be based upon. The most common assets which are traded through financial markets are commodities (e.g. gold, oil, platinum), stocks (e.g. Microsoft, Nike, Citi, Coca Cola), currency pairs (e.g. euro-dollar, dollar-yen), stock indices (e.g. NASDAQ, Dow Jones, FTSE) and bonds.
In binary options trading investors buy options on individual assets on a fixed expiry time in order to try to benefit from the price changes which are occurring within the underlying asset. On our website you can receive the latest currency trading news, including stocks, currencies, commodities, indices.
What is the maximum investment amount?

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Green rates indicate that an asset is trading at a higher level than it closed at on the previous day. Red rates indicate that an asset is trading at a lower level than it closed at on the previous day.
Colors of the rates on the trading plaform

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Green indicates a higher rate than the previous trading day's closing level. Red indicates a lower rate than the previous trading day's closing level.
What is the time shown on this site?

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1,500 on the currency of choice in your account.
Where can I view the precise trading hours of each asset?

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All times displayed on the Bloombex Options are displayed in GMT (Greenwich Mean Time).
Where can I view my transaction history?

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To view a list of all of our trading assets, along with trading hours, trading symbols and a description of the asset please visit our Asset Index
Do I have to download any software for trading?

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Bloombex Options system was built for the convenience of the traders, so there is no need to download and install any software. This advantage allows you to trade from any computer anywhere in the world.
Binary Options VS. Traditional Options

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Bloombex Options offers simple, secure and rewarding binary options trading. Binary options are a new and exciting way to trade financial markets which differ from traditional financial options. Whereas traditional financial options normally have very long expiry periods, binary options from Bloombex Options offer expiry times from the close of the trading day to as little as five minutes. Traditional financial options tend to offer wildly changing returns from investment, and are complex to trade successfully, binary options by contrast offer certain returns and are simple to understand.

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