How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5


How to Register Account in Binary.com


How to Register a Trading Account

The process of opening an account at Binary.com is simple.
  1. Visit the website Binary.com or click here
  2. 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 Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
An email confirmation link will be sent to your email address. Click the green link to confirm
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
You will be shown a new screen to create new demo account, enter the password for your account and click "Create new demo account".
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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"
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Step 1: Choose Demo or Real Account for this type of Trading
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Step 2: Choose Account Type and click "Next"
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Step 3: Create a Passwod for MetaTrader 5 Account

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Enter your account detail as above and click "OK"
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Now You can trade for Demo Account with $10,000 with MT5
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
If you want to trade with Real Account or add new account, just click "New Account".
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

Digital Options

Press "Digital Options"
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Now You can trade for Demo Account with $10,000 with Smart Trader
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
If you want to open Real Account, click "Open Real Account"
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Enter the required Information as below and click "Open Account" button
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Opening Real Account Successfully
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5


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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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”
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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...
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
2. In the new window that opens, enter your phone number or email and click “Next”.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
3. Then enter the password for your Google account and click “Next”.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
2. In the new window that opens, enter your Apple ID and click “Next”.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
3. Then enter the password for your Apple ID and click “Next”.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
After that, follow the instructions sent from the service to your Apple ID.

FAQ of Account


How can I authenticate my account?

You can do so at the Authentication page. Please note that you’ll only need to authenticate your account when we request for it. This page will not be available if your account doesn’t need to be authenticated at this time.


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).


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


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.


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.


How can I set self-exclusion limits on my account?

You can do so on the Self Exclusion page.

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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Select ‘MetaTrader’ from the top right-hand menu
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
On the MetaTrader 5 dashboard, click ’Trade on MT5 web platform’
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Next, log in to your MT5 real account, enter MT5 login and Password
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

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

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

Step 2: Adjust the limits of your contract and select ‘Buy by Market’
Note: You can also choose ‘Sell by Market’ to ‘short sell
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

Step 3: Click ‘OK’ to confirm the order
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5


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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Step 2: Click ‘Close by Market’
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Step 3: Click ‘OK’ to confirm
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5


Or To close an open position, click the ‘x’ in the Trade tab in the Terminal window.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Or right-click the line order on the chart and select ‘close’.
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5


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:
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.
 

Forex margin policy

Margin allows you to trade on leverage – meaning your existing capital can give you a much higher level of market exposure.

For example, if you wanted to purchase 100 units of a particular asset thats trading at 50 USD per unit through a traditional broker, it would typically cost you 5,000 USD for this transaction.

However, with leverage you can purchase those 100 units at a fraction of the typical cost – depending on the leverage afforded to you by your broker or trading platform.


How to calculate margin

You can determine the margin for our currency pairs by using the formula below:
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

For example, if you buy one lot of the USD/JPY pair with a contract size of 100,000 and leverage of 100:1, the margin that you need to purchase one lot of USD/JPY will be calculated as follows:

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

Whats a margin call and how is it applied

Equity is the sum of your balance and floating profit and loss (PnL). Margin level is the ratio of equity to margin. When that ratio reaches a specified percentage (usually 100%), your account will be placed under margin call. This does not affect your ability to open new positions; it serves to alert you that your floating PnL is moving lower. However, it is recommended to add funds to your account in order to keep your positions open. Alternatively, you may close losing positions.


Whats a stop out level and how is it applied

If your margin level reaches an even lower level (usually 50%), it will reach the stop out level where it is unable to sustain an open position. This will lead to some, or all your open positions being forcibly closed (also known as "forced liquidation").

When your account hits the forced liquidation level, your orders and positions are forcibly closed in the following sequence:
  1. We delete an order with the largest margin reserved.
  2. If your margin level is still under the stop out level, your next order will be deleted. However, orders without margin requirements will not be deleted.
  3. If your margin level is still under the stop out level, we will close an open position with the largest loss.
  4. We will continue to close open positions until your margin level becomes higher than the stop out level.


Forex Contract Specifications


Major pairs

Symbol Description Lot size Minimum volume Volume step
AUD/CAD Australian dollar vs Canadian dollar 100,000 0.01 0.01
AUD/CHF Australian dollar vs Swiss franc 100,000 0.01 0.01
AUD/JPY Australian dollar vs Japanese yen 100,000 0.01 0.01
AUD/NZD Australian dollar vs New Zealand dollar 100,000 0.01 0.01
AUD/USD Australian dollar vs US dollar 100,000 0.01 0.01
EUR/AUD Euro vs Australian dollar 100,000 0.01 0.01
EUR/CAD Euro vs Canadian dollar 100,000 0.01 0.01
EUR/CHF Euro vs Swiss franc 100,000 0.01 0.01
EUR/GBP Euro vs British pound 100,000 0.01 0.01
EUR/JPY Euro vs Japanese yen 100,000 0.01 0.01
EUR/NZD Euro vs New Zealand dollar 100,000 0.01 0.01
EUR/USD Euro vs US dollar 100,000 0.01 0.01
GBP/CHF British pound vs Swiss franc 100,000 0.01 0.01
GBP/JPY British pound vs Japanese yen 100,000 0.01 0.01
GBP/USD British pound vs US dollar 100,000 0.01 0.01
NZD/USD New Zealand dollar vs US dollar 100,000 0.01 0.01
USD/CAD US dollar vs Canadian dollar 100,000 0.01 0.01
USD/CHF US dollar vs Swiss franc 100,000 0.01 0.01
USD/JPY US dollar vs Japanese yen 100,000 0.01 0.01

Minor pairs

Symbol Description Lot size Minimum volume Volume step
CAD/CHF Canadian dollar vs Swiss franc 100,000 0.01 0.01
CAD/JPY Canadian dollar vs Japanese yen 100,000 0.01 0.01
EUR/NOK Euro vs Norwegian krone 100,000 0.01 0.01
EUR/PLN Euro vs Polish zloty 100,000 0.01 0.01
EUR/SEK Euro vs Swedish krona 100,000 0.01 0.01
GBP/AUD British pound vs Australian dollar 100,000 0.01 0.01
GBP/CAD British pound vs Canadian dollar 100,000 0.01 0.01
GBP/NOK British pound vs Norwegian krone 100,000 0.01 0.01
GBP/NZD British pound vs New Zealand dollar 100,000 0.01 0.01
GBP/SEK British pound vs Swedish krona 100,000 0.01 0.01
NZD/CAD New Zealand dollar vs Canadian dollar 100,000 0.01 0.01
NZD/JPY New Zealand dollar vs Japanese yen 100,000 0.01 0.01
USD/CNH US dollar vs Chinese renminbi 100,000 0.01 0.01
USD/MXN US dollar vs Mexican peso 100,000 0.01 0.01
USD/NOK US dollar vs Norwegian krone 100,000 0.01 0.01
USD/PLN US dollar vs Polish zloty 100,000 0.01 0.01
USD/SEK US dollar vs Swedish krona 100,000 0.01 0.01
USD/ZAR US dollar vs South African rand 100,000 0.01 0.01

Exotic pairs

Symbol Description Lot size Minimum volume Volume step
AUD/SGD Australian dollar vs Singapore dollar 100,000 0.01 0.01
CHF/JPY Swiss franc vs Japanese yen 100,000 0.01 0.01
EUR/HKD Euro vs Hong Kong dollar 100,000 0.01 0.01
EUR/ILS Euro vs Israeli new shekel 100,000 0.01 0.01
EUR/MXN Euro vs Mexican peso 100,000 0.01 0.01
EUR/SGD Euro vs Singapore dollar 100,000 0.01 0.01
EUR/TRY Euro vs Turkish lira 100,000 0.01 0.01
EUR/ZAR Euro vs South African rand 100,000 0.01 0.01
GBP/SGD British pound vs Singapore dollar 100,000 0.01 0.01
GBP/TRY British pound vs Turkish lira 100,000 0.01 0.01
HKD/JPY Hong Kong dollar vs Japanese yen 100,000 0.01 0.01
NZD/CHF New Zealand dollar vs Swiss franc 100,000 0.01 0.01
NZD/SGD New Zealand dollar vs Singapore dollar 100,000 0.01 0.01
SGD/JPY Singapore dollar vs Japanese yen 100,000 0.01 0.01
USD/HKD US dollar vs Hong Kong dollar 100,000 0.01 0.01
USD/ILS US dollar vs Israeli new shekel 100,000 0.01 0.01
USD/RUB US dollar vs Russian ruble 100,000 0.01 0.01
USD/SGD US dollar vs Singapore dollar 100,000 0.01 0.01
USD/THB US dollar vs Thai baht 100,000 0.01 0.01
USD/TRY US dollar vs Turkish lira 100,000 0.01 0.01


How to read the contract specifications table

The forex is typically traded in lots. One standard lot is equivalent to 100,000 units. Each time you open a position on a currency symbol, you can start with a minimum transaction of 0.01 lots.

For information about forex leverage, refer to our Margin Policy above.

Important notes on our swap rates (overnight funding)

If you keep any positions open overnight, an interest adjustment will be made to your trading account as indication of the cost required to keep your position open.

This interest adjustment (or swap rate) is based on interbank lending rates, on top of a 2% fee.

The interest adjustment is calculated in points – meaning we will convert the relevant interbank lending rates to points in the base currency.

Please take note that our swap rate also depends on the time and days you hold your positions open:
  • You will be subjected to swap rates if you keep a position open past 23:59:59 GMT.
  • Positions that are still open on Wednesday at 23:59:59 GMT will be charged three times the swap rate to account for weekends – a standard practice for all forex brokers.
  • Our swap rate may also be adjusted to take holidays into account.

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.


Cryptocurrency margin policy

Margin allows you to trade on leverage – meaning your existing capital can give you a much higher level of market exposure.

For example, if you wanted to purchase 100 units of a particular asset thats trading at 50 USD per unit through a traditional broker, it would typically cost you 5,000 USD for this transaction.

However, with leverage you can purchase those 100 units at a fraction of the typical cost – depending on the leverage afforded to you by your broker or trading platform.

How to calculate margin

You can determine the margin for our cryptocurrency pairs by using the formula below:
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

For example, if you wanted to buy one unit of the BTC/USD cryptocurrency pair at a price of 4831.400 USD and at a margin rate of 10%, the margin that you need to purchase one lot of BTC/USD will be calculated as follows:

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5



Whats a margin call and how is it applied

Equity is the sum of your balance and floating profit and loss (PnL). Margin level is the ratio of equity to margin. When that ratio reaches a specified percentage (usually 100%), your account will be placed under margin call. This does not affect your ability to open new positions; it serves to alert you that your floating PnL is moving lower. However, it is recommended to add funds to your account in order to keep your positions open. Alternatively, you may close losing positions.

Whats a stop out level and how is it applied

If your margin level reaches an even lower level (usually 50%), it will reach the stop out level where it is unable to sustain an open position. This will lead to some, or all your open positions being forcibly closed (also known as "forced liquidation").

When your account hits the forced liquidation level, your orders and positions are forcibly closed in the following sequence:
  1. We delete an order with the largest margin reserved.
  2. If your margin level is still under the stop out level, your next order will be deleted. However, orders without margin requirements will not be deleted.
  3. If your margin level is still under the stop out level, we will close an open position with the largest loss.
  4. We will continue to close open positions until your margin level becomes higher than the stop out level.


Cryptocurrency Contract specifications

Contract specifications

Symbol Description Lot size Minimum volume Volume step
BTC/USD Bitcoin vs US dollar 1 0.01 0.01
ETH/USD Ethereum vs US dollar 1 0.10 0.01
LTC/USD Litecoin vs US dollar 1 0.10 0.01
BCH/USD Bitcoin Cash vs US dollar 1 0.01 0.01
XRP/USD Ripple vs US dollar 1 100 100
DSH/USD Dash vs US dollar 1 1 1
EOS/USD EOS vs US dollar 1 1 1
ZEC/USD ZEC vs US dollar 1 1 1
XMR/USD XMR vs US dollar 1 1 1
BNB/USD BNB vs US dollar 1 1 1

How to read the contract specifications table

Each time you open a position on a cryptocurrency pair, you can start with a minimum volume as indicated in the table above.

To learn more, read our Margin Policy that further explains our margin requirements.

Swap scheme

Symbol Description Swaps Long (per annum) Swaps Short (per annum)
BTC/USD Bitcoin vs US dollar -20% -20%
ETH/USD Ethereum vs US dollar -15% -15%
LTC/USD Litecoin vs US dollar -20% -20%
BCH/USD Bitcoin Cash vs US dollar -17% -17%
XRP/USD Ripple vs US dollar -45% -45%
DSH/USD Dash vs US dollar -21% -21%
EOS/USD EOS vs US dollar -24% -24%
ZEC/USD ZEC vs US dollar -17% -17%
XMR/USD XMR vs US dollar -24% -24%
BNB/USD BNB vs US dollar -20% -20%

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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
In this case, you predict that the price will rise. This is also known as going long.


Sell
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.

CFD margin policy

Margin allows you to trade on leverage – giving you the same level of market exposure using much less capital.

For example, if you wanted to purchase 100 units of a particular asset trading at 50 USD per unit through a traditional broker, it would cost you 5,000 USD for this transaction.

With leverage, you can purchase 100 units of the same asset at a fraction of the cost.


How to calculate margin

You can determine the margin for our CFDs by using the formula below:
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

For example, if you buy one lot of an underlying asset at a price of 20,000 USD and a margin rate of 0.01, the margin required to purchase that one lot will be calculated as follows:

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

Whats a margin call and how is it applied

Equity is the sum of your balance and floating profit and loss (PnL). Margin level is the ratio of equity to margin. When that ratio reaches a specified percentage (usually 100%), your account will be placed under margin call. This does not affect your ability to open new positions; it serves to alert you that your floating PnL is moving lower. However, it is recommended to add funds to your account in order to keep your positions open. Alternatively, you may close losing positions.


Whats a stop out level and how is it applied

If your margin level reaches an even lower level (usually 50%), it will reach the stop out level where it is unable to sustain an open position. This will lead to some, or all your open positions being forcibly closed (also known as "forced liquidation").

When your account hits the forced liquidation level, your orders and positions are forcibly closed in the following sequence:
  1. We delete an order with the largest margin reserved.
  2. If your margin level is still under the stop out level, your next order will be deleted. However, orders without margin requirements will not be deleted.
  3. If your margin level is still under the stop out level, we will close an open position with the largest loss.
  4. We will continue to close open positions until your margin level becomes higher than the stop out level.

CFD contract specifications

Cash indices

Symbol Description Lot size Minimum volume Volume step
DAX_30 Germany 30 Cash index 1 0.10 0.10

Synthetic indices

Symbol Lot size Minimum volume Volume step
Volatility 10 index 1 0.30 0.01
Volatility 25 index 1 0.50 0.01
Volatility 50 index 1 3.00 0.01
Volatility 75 index 1 0.001 0.001
Volatility 100 index 1 0.20 0.01
Volatility 10 (1s) index 1 0.20 0.01
Volatility 25 (1s) index 1 0.005 0.001
Volatility 50 (1s) index 1 0.005 0.001
Volatility 75 (1s) index 1 0.005 0.001
Volatility 100 (1s) index 1 0.10 0.01


Crash/Boom indices

Symbol Lot size Minimum volume Volume step
Crash 1000 index 1 0.20 0.01
Boom 1000 index 1 0.20 0.01
Crash 500 index 1 0.20 0.01
Boom 500 index 1 0.20 0.01


Step indices

Symbol Lot size Minimum volume Volume step
Step index 10 0.10 0.01

Range break indices

Symbol Lot size Minimum volume Volume step
Range break 100 index 1 0.01 0.01
Range break 200 index 1 0.01 0.01

How to read the table above

A Contract for difference (CFD) is a derivative contract that allows you to profit by speculating on the rise or fall of an underlying asset. Your profit and loss is calculated through the difference in the buy and sell prices of the underlying asset.

Each time you open a position on an index symbol, you can start with a minimum volume transaction as indicated in the table above.

Crash/boom indices

With Crash 1000 (500) index, theres an average of one drop in the price series that occurs at anytime within 1000 (500) ticks.

With Boom 1000 (500) index, theres an average of one spike in the price series that occurs at anytime within 1000 (500) ticks.

Step indices

With Step index, there is equal probability of up/down movement in the price series with fixed step size of 0.1.

Range break indices

Range break index fluctuates within a range between an upper and lower price level, also known as borders. When it hits either border, the index occasionally breaks through the range with a jump or crash, creating a new range. There are two types:

Range break 100 breaks through the range on average once every 100 times that it hits the border.

Range break 200 breaks through the range on average once every 200 times that it hits the border.

Important notes on our swap rates (overnight funding)

If you keep any positions open overnight, an interest adjustment will be made to your trading account as indication of the cost required to keep your position open.

The interest adjustment is calculated in annual base for long and short positions according to the formula: (current price*contract size*volume in lots*specified swap size/100)/360.

Please take note that our swap rate also depends on the time and days you hold your positions open.

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
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
In this case, you predict that the price will rise. This is also known as going long.


Sell
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
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.

Metals margin policy

Margin allows you to trade on leverage – giving you the same level of market exposure using much less capital.

For example, if you wanted to purchase 100 units of a particular asset trading at 50 USD per unit through a traditional broker, it would cost you 5,000 USD for this transaction.

With leverage, you can purchase 100 units of the same asset at a fraction of the cost.

How to calculate margin
You can determine the required margin for our metal pairs by using the formula below:
How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5

For example, if you buy one lot of the XAU/USD pair at 300:1 leverage and a market price of 1,250.15 USD, the margin required to purchase that one lot will be calculated as follows:

How to Register and Trade Forex/CFDs/Crypto/Metals at Binary.com MT5
Without margin, purchasing one lot of the XAU/USD pair will cost you:

100 * 1250.15 = USD 125,015

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


Whats a margin call and how is it applied

Equity is the sum of your balance and floating profit and loss (PnL). Margin level is the ratio of equity to margin. When that ratio reaches a specified percentage (usually 100%), your account will be placed under margin call. This does not affect your ability to open new positions; it serves to alert you that your floating PnL is moving lower. However, it is recommended to add funds to your account in order to keep your positions open. Alternatively, you may close losing positions.


Whats a stop out level and how is it applied
If your margin level reaches an even lower level (usually 50%), it will reach the stop out level where it is unable to sustain an open position. This will lead to some, or all your open positions being forcibly closed (also known as "forced liquidation").

When your account hits the forced liquidation level, your orders and positions are forcibly closed in the following sequence:
  1. We delete an order with the largest margin reserved.
  2. If your margin level is still under the stop out level, your next order will be deleted. However, orders without margin requirements will not be deleted.
  3. If your margin level is still under the stop out level, we will close an open position with the largest loss.
  4. We will continue to close open positions until your margin level becomes higher than the stop out level.


Metals contract specifications

Symbol Description Lot size Minimum volume Volume step
XAG/USD Silver vs US dollar 5000 0.01 0.01
XAU/USD Gold vs US dollar 100 0.01 0.01
XPD/USD Palladium vs US dollar 100 0.01 0.01
XPT/USD Platinum vs US dollar 100 0.01 0.01


How to read the table above
Our metal pairs are typically traded in lots. One standard lot is equivalent to 100 units except silver where 1 lot equals 5,000 units. Each time you open a position on a symbol, you can start with a minimum transaction of 0.01 lots.

For information about forex leverage refer to our Margin Policy.


Important notes on our swap rates (overnight funding)

If you keep any positions open overnight, an interest adjustment will be made to your trading account as indication of the cost required to keep your position open.

This interest adjustment (or swap rate) is based on interbank lending rates, on top of a 2% fee.

The interest adjustment is calculated in points, meaning we will convert the relevant interbank lending rates to points in the base currency.

Please take note that our swap rate also depends on the time and days you hold your positions open:
  • You will be subjected to swap rates if you keep a position open past 23:59:59 GMT.
  • Positions that are still open on Wednesday at 23:59:59 GMT will be charged three times the swap rate to account for weekends – a standard practice for all brokers.
  • Our swap rate may also be adjusted to take holidays into account.
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Source: https://forexsiri.com/how-to-register-and-trade-forex-cfds-crypto-metals-at-binary-com-mt5-101167
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