Binatrades – Trade Advanced Features

Advanced Features

Binatrades's advanced trading platform offer varies tools to help traders better manage their investments. Whether you want to minimize your risk on an existing purchased, or to double up your return on a profitable option. They exists to migitate your trading risk and ensure a greater profit.

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TRADE INSURANCE

Binatrades - insurance

Availability:
  • Digital Options.
  • During Option purchase.
Description:

Trade insurance is a unique feature that allows clients to reduce their risk by placing an insurance on the trade they execute. By selecting how much insurance cover you require on the drop down menu at the top right of the trading graph you can reduce your risk for a lower percentage of payout. The choices available are between 5% cover up to 20% cover. For example if you choose the 20% option and placed a trade of $100, should the trade expire out of the money you would receive 20% of your initial stake back. On the other hand if your trade expires in the money then your payout would be reduced as per the cover option you chose.

AUTO TRADE

Binatrades - auto trade

Availability:
  • Digital Options.
  • During Option purchase.
Description:

Traders have the choices to select "Single", "Auto: 2", "Auto: 3", "Auto: 4", "Auto: 5".
Single trade allow the trader to buy option once and no automatic reinvesment is done by the system. On the other hand, Auto 2, 3, 4, 5 will enable the system to automatically reinvest your payout when the option expires and purchase the same option again for 2, 3, 4, 5 times with the current market price and expiry time when it become available. The auto trade will be disabled if your payout is 0.

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Open Trades Tools

Binatrades - Advanced Trade Tools

CLOSE NOW

Binatrades -  Trade tool - Close Now

Availability:
  • Digital Options.
  • 4 minutes after the trade execution.
  • Maximum 1 hour to the option expiration.
  • Minimum 5 minutes remaining before the option expiration.
Description:

Close Now enables traders to close an option before the time of expiration. This could be helpful if you believe that your option is not performing as you expected and the asset you choose is not moving in the direction you predicted. For example, if you bought a one hour Call option on gold, and after 50 minutes you see that gold is steadily increasing, you could close the option before the time of expiration to insure that you’ll make a profit. On the other hand, if the price of gold started to decrease, you could close out the option before the time of expiration to minimize your risk.

EXTEND

Binatrades - Trade tool - extend

Availability:
  • Digital Options.
  • Depends on availabilty of the option of the same asset immediately after the current option expires.
  • 4 minutes after the trade execution.
  • Maximum 1 hour to the option expiration.
  • Minimum 5 minutes remaining before the option expiration.
Description:

BinaTrades‘s unique roll over feature enables traders to extend the expiration date of an option so that you can be sure that your option will be in-the-money. For example, if you purchased a one hour Put option on gold,and five minutes before the time of expiration you notice that the price of gold has still not decreased like you anticipated, for a one time fee you could Extend the time of expiration to give the option the opportunity to be in-the-money.

DOUBLE UP

Binatrades - Trade tool - double up

Availability:
  • Digital Options.
  • 4 minutes after the trade execution.
  • Maximum 1 hour to the option expiration.
  • Minimum 5 minutes remaining before the option expiration.
Description:

Double Up is a unique feature that allows clients to capitalize on a winning trade or potentially get a better strike price if a trade is losing. Put simply, Double Up will place an exact duplicate of your already open trade but at the current market price. For example say you bought a one hour Call option on gold for $10 with a strike price of $1250, and after 50 minutes the price had started to rise, you could double up which would place a duplicate of this already open trade but the strike price would be different. So now you would have a second call option on gold of $10 but at a strike price of say $1253 as the price has risen by $3.

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