Option is a derivative financial instrument based on any underlying asset, such as a stock, a currency pair, oil, etc.
Digital option – a non-standard option that is used to make a profit on price movements of such assets for a certain period of time.
A digital option, depending on the terms agreed upon by the parties to the transaction, at a time determined by the parties, brings a fixed income (the difference between the trade income and the price of the asset) or loss (in the amount of the value of the asset).
Since the digital option is purchased in advance at a fixed price, the size of the profit, as well as the size of the potential loss, are known even before the trade.
Another feature of these deals is the time limit. Any option has its own term (expiration time or conclusion time).
Regardless of the degree of change in the price of the underlying asset (how much it has become higher or lower), in case of winning an option, a fixed payment is always made. Therefore, your risks are limited only by the amount for which the option is acquired.
You can delete an account in your Individual Account by clicking on the “Delete Account” button located at the bottom of the profile page.
The expiration period is the time after which the trade will be considered completed (closed) and the result is automatically summed up.
When concluding a trade with digital options, you independently determine the time of execution of the transaction (1 minute, 2 hours, month, etc.).
Trading platform – a software complex that allows the Client to conduct trades (operations) using different financial instruments. It has also accesses to various information such as the value of quotations, real-time market positions, actions of the Company, etc.
No, it’s not required. You just need to register on the Company’s website in the presented form and open a individual account.
By default, a trading account is opened in US dollars. But for your convenience, the currency can be switched at any time in your profile.
A list of available currencies can be found on your profile page in your Client’s account.
The advantage of the Company’s trading platform is that you don’t have to deposit large amounts to your account. You can start trading by investing a small amount of money. The minimum deposit is 10 US dollars.
The advantage of the Company’s trading platform is that you don’t have to deposit large amounts to your account. You can start trading by investing a small amount of money. The minimum deposit is 10 US dollars.
The procedure for withdrawing capital is extremely simple and is carried out through your individual account.
The method that you have chosen to deposit the account is also a method of withdrawing funds (see the question “How can I deposit?”).
For example, if you made a deposit to your account via the Visa payment system, you will also withdraw money via the Visa payment system.
When it comes to the withdrawal of a sufficiently large amount, the Company may request verification (verification is requested at the Company’s sole discretion), which is why it is very important to register an account individually for yourself in order to confirm your rights to it at any time.
No. The company does not charge any fee for either the deposit or for the withdrawal operations.
However, it is worth considering that payment systems can charge their fee and use the internal currency conversion rate.
To work with digital options you need to open an individual account. To conclude real trades, you will certainly need to make a deposit in the amount of options purchased.
You can start trading without cash, only using the company’s training account (demo account). Such an account is free of charge and created to demonstrate the functioning of the trading platform. With the help of such an account, you can practice acquiring digital options, understand the basic principles of trading, test various methods and strategies, or evaluate the level of your intuition.
On average, the withdrawal procedure takes from one to five days from the date of receipt of the corresponding request of the Client and depends only on the volume of simultaneously processed requests. The company always tries to make payments directly on the day the request is received from the Client.
The minimum withdrawal amount starts from 10 USD for most payment systems.
For cryptocurrencies this amount starts from 50 USD (and may be higher for certain currencies e.g. Bitcoin).
Usually, additional documents to withdraw funds are not needed . But the Company at its discretion may ask you to confirm your personal data by requesting certain documents. Usually this is done in order to prevent activities related to illegal trade, financial fraud, as well as the use of funds obtained illegally.
The list of such documents is minimum, and the operation to provide them will not take you much time and effort.
No. The client performs self-registration on the Company’s website, providing complete and accurate information about himself on issues asked in the registration form, and maintains this information up to date.
If it is necessary to conduct various kinds of checks of the Client’s identity, the Company can request documents or invite the Client to its office.
If the data entered in the registration fields does not match the data of the submitted documents, your individual profile may be blocked.
If it becomes necessary to pass verification, you will receive a notification by e-mail and / or SMS notification.
However, the Company uses the contact details that you specified in the registration form (in particular, your email address and phone number). Therefore, be careful to provide relevant and correct information.
No more than 5 (five) business days from the date the Company receives the requested documents.
You have to contact the technical support service on the Company’s website and edit the profile.
You will receive a notification by e-mail and / or SMS notification about the completion of the verification process of your account and the ability to proceed with operations on the Company’s trading platform.
Maxbit LLC. Address: First Floor, First St Vincent Bank LTD Building, James Street, Kingstown, St. Vincent and Grenadines.
The website services are not available in a number of countries, including USA, Canada, Hong Kong, EEA countries, Russia as well as for persons under 18 years of age.
Risk Warning: Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the Quotex brand based on the legal requirements in his/her country of residence.
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