FAQ

FAQ

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  • To deposit funds to your StartMarkets account, simply click on the Funding tab from within the StartMarkets platform. Once you click funding from within the StartMarkets platform you will be asked to choose your preferred payment method and to choose the amount you would like to deposit. Clicking on ‘proceed to secure checkout’ will lead you to an SSL protected page where you will be asked to fill in the details to your preferred payment method.

  • The minimum amount you can deposit into your StartMarkets trading account is $250. The maximum amount per transaction is $10,000.

  • In order for you to withdraw money from your StartMarkets account, locate the withdrawal button at the bottom of the main funding page. Upon clicking it you will be asked to choose your desired amount to withdraw and a preferred payment method. Note that credit card withdrawals only allow the initial amount deposited, thus profits made following a credit card deposit will be sent directly to your bank account.

  • Yes, you can. In order to do so, simply click the ‘withdrawal Requests’ tab in the funding and choose the withdrawal you would like to cancel and click “approve”.

  • To view your transactions history, simply click on the ‘transactions history’ tab in the funding’s lower menu. There you will find your deposits and withdrawals including failed deposits and canceled withdrawals.

  • All StartMarkets contracts have strictly limited risk. The maximum possible profit and loss are displayed on the order ticket before you confirm each trade in the StartMarkets platform. To open a trade, the maximum amount to risk on each trade must be available as collateral in your cash margin account. Otherwise, the trade won’t go through due to insufficient margin. You can never lose more than the risk amount specified in each trade. This policy also means you’ll never get a margin call since each trade has a pre-define risk level, so you can focus on your profit targets with peace of mind.

  • A Working Order is an order that has not yet been executed, meanwhile an Open Trade is the result of an order to open a new position that has been executed. Working orders may be contingent on either a specified time or under a specific condition – such as if the market reaches the price specified in the working order. All working orders are displayed within the Orders windows within the StartMarkets platform. Open Trades are the result of orders to open new positions that have been executed and which results in open trades being established. When you have an Open Trade, the value of your open trade will go up and down based on the up and down movements of the underlying market and depending on the direction of your trade.

  • StartMarkets uses the 128-bit SSL security system (Secure Socket Layer). This system is a digital encryption that protects all transactions and is a major security standard used by most financial institutions.

Glossary

Definitions of commons StartMarkets terms used for Binary Exchange

A

Asset/Underlying Asset Definition

This is the financial instrument on which your fixed return option is based. Asset classes included forex, stock indices, and commodity futures. Individual assets are things like the EUR/USD pair, Gold, or the S&P 500 index.

At the Money Definition

When the underlying market price is equal to a fixed return option’s strike price, the fixed return option is “at the money.” At expiration, at the money options get $50 payout.

B

Binary Exchange

An option on Binary Exchange is a financial option in which the payoff is either some fixed monetary amount or nothing at all.

C

Commodities Definition

Commodities are actual things that are usually consumed and used, including metals like gold and silver, grains like corn and soybeans, and fuels like crude oil and natural gas. StartMarkets offers Binary Exchange on these and other commodities.

Contract

The standard unit of a fixed return option.

Currency Pair

Any two currencies that can be traded against one another, such as the EUR to USD.

E

Expiry Price

The price of the asset at the time the contract expires. This is the price that will determine trader success when entering into ‘call’ or ‘put’ contracts.

Expiry Time

The pre-determined expiry time at which the fixed return option contract expiry price will be determined.

F

Futures

A type of indirect security, which involves a contract wherein a trader will agree to sell or buy a commodity at a specific time in the future.

Forex

Forex, short for foreign exchange, is the name for the currency market and includes the EUR/USD and AUD/JPY.

I

In The Money Definition

When the underlying market price is greater than a fixed return option’s strike price, the fixed return option is “in the money.” At expiration, only in-the-money options get the $100 payout, so “in the money” refers to the option being profitable.

Index, Stock Indices

A stock index such as the S&P 500, FTSE, or Nasdaq is a weighted average of a selection of stocks from a certain sector of industry. It reflects the overall value of that sector.

Initial Margin

The required initial deposit in order to be able to enter a contract as a guarantee on future performance.

O

Out of the Money

When the underlying market price is less than a fixed return option’s strike price, the fixed return option is “out of the money.” At expiration, only in-the-money options get the $100 payout, so an “out of the money” will expire at zero.

S

Settlement Value

At expiration, a fixed return option contract is settled and determined to be in, at, or out of the money. Binary Exchange have a settlement value of 0, 50 or 100.

Strike Price

The strike price is the price level you think the market will be above or below at expiration. If you think the market price (expiration value) will be above the strike, you buy the option. If you think the market will be at or below the strike price, you sell the option. The market’s price at expiration is compared to the strike price to determine whether your fixed return option has settled in, at, or out of the money.