Predict price movements and get profit on ups and downs
Welcome to the Siamoption FAQ
To know more details about binary options trading choose a chapter to jump straight to it.
1. Getting started
2. Account details / verification proccess
3. Payments / withdrawal proccess
4. Bonus program
Chapter 1. Getting started
What is a binary option?
Binary option is a simple financial instrument in which profit and loss are fixed. Аll you need to do is to predict where the price will go: up or down. You will receive a profit in case your prediction was correct at the expiration time.
How to start trading?
Click "Register" on the top and fill in your email and password or log in using your Facebook or Google+ account.
Once you’ve registered you can immediately start trading on your demo account using virtual money. To know more about demo account click here.
When you are ready to start making real money you need to deposit funds to your account and start trading.
Click "Deposit" in your personal account and choose the best way to add funds.
After you add money to your account you are ready to start!
How to trade?
In order to buy/sell an option you need to go to the trading section, then:
1. choose an asset.
2. set expiration time.
3. bet whether it goes up or down by clicking on green or red button in the bottom-right section.
4. if your prediction was correct you get your stake back and 80% of it as a reward.
How much profit can I get?
If an option is closed «in-the-money» (strike price is higher or lower after the expiration time, depending on a type of the option) you get a guaranteed profit specified in the option (up to 80% on every successful deal).
Demo account is a special account with virtual money which allows you to check capabilities of the platform and trade without any risk.
Can I withdraw the money from a demo account?
The money on a demo account are virtual. You can’t withdraw it or have any profit from a demo account. In case you lose it you don’t have to pay any compensation. To start earning you should make a deposit.
Chapter 3. Payments / withdrawal proccess
What is the minimum deposit amount?
The minimum deposit amount is $20.
How can I make a deposit?
You can make a deposit via credit/debit card, bank transfer or via PaysBuy. The money will be available on your account balance during 1 - 5 working days depending on the way of payment, for VIP users - during 1 - 2 working days.
How can I become a vip trader?
To become a VIP trader you need to make one-time payment for 300$ or more.
Are there any fees making transactions with my trading account?
Our company does not have any fees for your transactions. But such kind of fees can be taken by payment systems or a payment aggregator.
Chapter 4. Bonus program
What is a bonus?
A bonus is a financial reward for depositing specified amount of money. While using the bonus you can perform greater amount of trades and increase your profits.
How to get a bonus?
A bonus is made available while depositing funds. Its amount depend on the deposited sum to a trading account. The actual amount of bonus funds is shown in the payment section.
How to refuse a bonus?
While depositing funds you should put a checkmark next to “refuse a bonus” in order to refuse. If you have already used a bonus then you still can refuse it by going to the Withdrawal section and pushing the corresponding button. After this your trading account will be refreshed and only your real funds will become available.
What is the amount of the required trading turnover?
The amount of the required trading turnover is a sum exceeding a thirty-five (35) times the bonus sum. For example: if you get 350 of bonus funds, the required trading turnover will be 350*35=12250
How can I know how much of real funds do I have on my trading account?
You do not need to calculate anything because we have already prepared this information. It is available in the Withdrawal sections.
Reaching the required trading turnover.
If you reach the required trading turnover it means that all funds that you have at your account are available for withdrawal. If you have not yet reached this, then you can again make a deposit and continue trading.
Making an additional deposit before reaching the required trading turnover.
You can make a deposit again at anytime and get a bonus again. Your existing trading turnover will be counted and the coefficient of real funds will be refreshed. For example: Your balance is 11000, coefficient is 0,787. You deposit is 8000 and you get 1850 of bonuses. The new coefficient will be equal to 0,798 (the sum of real funds divided by the total sum).
Making an additional deposit (without counting a bonus) before reaching the required trading turnover.
You can make a new deposit to your trading account and refuse getting a new bonus. Your trading turnover will be counted and the coefficient of real funds will be refreshed. For example: Your balance is 11000, the coefficient is 0,787. You deposit is 8000. The new coefficient will be equal to 0,876 (the sum of real funds divided by the total sum)
Is it possible to withdraw bonus funds?
You cannot withdraw the bonus but you can withdraw the profit earned with it.
Chapter 5. Glossary
What is a call option?
Call option is an option which will give an income in case it’s expiration price is above a strike price.
What is a put option?
Put option is an option that brings income to trader, when the expiration price of the asset is below the strike price at expiry time. If the term of the option will expire at the strike price, the trader receives full price of the option.
What is the value of the option?
The value of an option is the price at which a trader acquires it.
What is the expiration time?
Expiration time is the date and time at which the option expires.
What is the strike price?
Strike price is the price of an asset at the time of the purchase of the option.
What types of options are existed?
An option could be based on any kind of traded assets, freely traded on world and national exchanges and markets. There are stock options (such as Gazprom or Coca-Cola), currency pairs (for example, GBP/USD or EUR/RUB), indexes (such as the FTSE or Dow Jones) and commodities or metals (oil and silver).
What is the return that I will receive if the option loses?
If it is specified in the option, you will receive the insurance.
What is the minimum amount that I can invest?
The minimum amount to invest in a single option is 1 USD.
What is the expiration price?
Expiration price is the price of the asset at the expiry of the time specified in the option.
What is an asset?
Asset is a commodity index, security, currency pair or any asset, based on the price that is offered in the option.
Why there are quotes on your platform during the weekend when the markets are closed?
On weekends, we provide to our traders the opportunity to trade on OTC (over the counter) instruments. OTC or «over the counter» deal means a transaction which made directly between two parties without going public. That is why the quotes are unique to our platform.
What happens if the price of the expiration of the underlying asset will be the same as the level of the acquisition of an option?
If the price is identical to the expiration strike price, the value of the option returns to trader.
Predict price movements and get profit on ups and downs