About Contract for different (CFD)


1. What is Crypto Currency Contract?
A contract, also known as a futures contract, refers to a standardized contract to deliver a certain amount and price of cryptocurrency at a specific time in the future. The cryptocurrency contract is mainly to predict the rise and fall of the price of BTC, ETH, LTC and other currencies in a certain period of time in the future.

2. How the CFD work?

Predict the market is bullish → LONG → get profit from the difference

Predict the market is bearish → SHORT → get profit from the difference

Explanation: If predict the market will bullish then go for long and will get profit if the price goes up.

Profit calculation: LONG (closing price / open price – 1) X Leverage X Capital

SHORT (1 – Closing price / open price) X Leverage X Capital


3. What is transaction fee?
There will be a charge when user close the order with 0.045% of actual value of the order and this called transaction fees. There will be no charges on open order.

4. What is fund cost?
Is a cost which is to reward or charge from the order. The charge/reward is calculated by value X funding rate and at 0:00, 8:00 and 16:00 daily. The charges/reward will start calculating when the order is more than 1 hours.

5. What is liquidation?
When an order is losing around 90% of the margin, the system will force to close the order automatically.

6. Is there any time limit to close order?
There will be no time limit to close the order except user are using bonus to trade. Using bonus to trade will have a time limit of 24hrs. After 24 hours, system will close the order automatically.

7. What is the advantages of using USDT to trade in BinaricX?
BinaricX using USDT as the trading currency is because the value of USDT is the most stable compare with other currencies.

8. How to know if the trend is bearish or bullish?
Do more research and study the market of the product like BTC before the trading, after research and study, predict the market is bullish or bearish and start trading. Using small capital with leverage to get high profit, do risk management by using stop loss and stop profit.

9. How to know it is uptrend or downtrend in BinaricX?
The contract is bullish and bearish. BINARICX is based on financial derivatives CFDs to create super easy and usable financial products. Financial products for users to realize rapid investment and profit through insights.

10. BinaricX really can earn money?
Yes, BinaricX have many features which can assist user to trade, like copy trader which allow user to copy those professional trader’s order and get profit. The other way is trade by own self by doing the risk management, Stop lost and Stop profit to get the highest profit and lowest lost from every trade.

11. It is safe by using BinaricX trading platform?
Safe!

  • We promise to refund the full amount if the assets decrease due to our services.
  • We have rigorous risk control to ensure the safety of users’ assets.

About BinaricX account


1. How to reset Login Password?
Click “My” -> Click “Security Center” -> Click “Reset” at Login Password-> key in One-time password (OTP) and key in the new password.

2. How to reset Fund Password?
Click “My” -> Click “Security Center” -> Click “Reset” at Fund Password-> key in OTP and key in the new password.

3. Why not receiving OTP message?

  • Please confirm the phone number is correct as of the account number.
  • Please confirm the phone number is active.
  • Please confirm that did not unsubscribe SMS function or install any SMS blocking APP.
  • If you have received the OTP before, it could be the Telco issue. Please be patient and try again later.
  • If still unable to receive OTP, kindly contact our customer service.
4. How to do Know Your Customer (KYC) Identity Authentication?
Click “My” -> Click “Authentication” -> Select “ID Card” or “Passport” -> Key in name and ID/Passport number -> upload the photo that required.

Note: The last photo needs to hold the ID/Passport and a paper which written “BinaricX” and date of application. The system will review within 3 working days; the result will show besides “Authentication”.


5. Why do we need do KYC?
KYC identity authentication is based on your nationality, binding your name and identity certification to improve the security of your account.

6. The free bonus by BinaricX only able to use after KYC?
You only need to register and download the BINARICX APP to get bonus. Applying KYC is required to improve account security and future withdrawals.

7. How do we use 100 USDT bonus?
Click “My” -> Click “My Bonus” -> Select the bonus and click “use”

Note: Term and condition apply to all bonuses. If the bonus has not been used, the bonus will expire and cannot be used again.


8. Is there any term and condition to get the 100 USDT bonus?

  • The 100 USDT will divided into 5 period to be release.
  • User will get 5 USDT on the day that registers BinaricX, can’t be used once expired
  • 10 USDT and 15 USDT will be active after the day of register BINARICX, can’t be used once expired
  • 20 USDT will be active when trading amount reach 150,000USDT (include leverage), can’t be used once expired
  • 50 USDT will be active when trading amount reach 300,000USDT (include leverage), can’t be used once expired
  • Different bonuses will have different of requirement, to know more about the requirement can check on “My Bonus”.
9. Users’ Risk Management Notice in BinaricX?
Dear BINARICX users:

The investment of digital currency is a high-yielding and high-risk investment behavior. Please make corresponding investments according to your own risk appetite and bear your own profits and losses. The official platform will not organize and guide users to open bills in any form, including but not limited to shouting orders, taking orders, and acting on the market. If the user has the option to follow other people’s billing or actively hand over funds to others for trading, please verify the identity of the other party carefully, evaluate the other party’s risks of malicious trading, defrauding funds, and escaping with funds. Accidental property damage. The platform will not obtain any user account passwords and funds on the basis of any behaviors such as calling orders, taking orders, or operating orders to help users earn funds. Please keep your account passwords and funds in a safe place, and please Do not disclose your account and password to others in order to protect your own funds. Thank you for your support and trust in BINARICX, we will try our best to give you a better trading experience and service!

From BINARICX Team


10. How long does it take to Deposit to BinaricX?
The speed of credit is depending on the speed approved by the platform or wallet used. The faster the users’ wallet or trading platform transfers speed, the faster it deposits to BinaricX wallet.

11. How long does it take to withdraw out from BinaricX?
BinaricX will 24 hours automatically process users’ withdrawal. For risk management of BINARICX, we will randomly pick a few user’s withdrawals for manual review. This process will take 5-15 minutes for manual checking, accept midnight time 12.00 am to morning at 9.00 am. Please be patient.

If more than 2 hours still not receive, please ask for the below information and pass it to the system department.

Account number (Phone Number):

Receive Address (Omni/ERC20):

The actual amount of withdrawal:


12. What should I do if the amount of deposit is incorrect?

  • Incorrect address generally does not provide retrieval service.
  • Please descript the incident of the issue, your BINARICX account number, the type of currency, address, amount, and TXID (Most Important). Customer service will try to help if able to do so.
  • If we able to retrieve it, we required to install software and upgrade the wallet and other process, it would be using up to 1 month or more to do this retrieval process. Kindly be patient.
13. What is Internal Transfer?
Users can use the internal transfer to transfer assets to another BinaricX account.

  • BinaricX IB level is Level 2 or above will waive the handling fees
  • BinaricX IB level is below Level 2 the handling fee will be charged as below:

(OMNI)

  • Handling fees: 5 USDT (The net amount is will receive after deducting the handling fees)
  • Minimum amount to transfer: 10 USDT
  • The cumulative daily transfer limit: 1,000,000 USDT

(ERC20)

  • Handling fees: 4 USDT (The net amount is will receive after deducting the handling fees)
  • Minimum amount to transfer: 6 USDT
  • The cumulative daily transfer limit: 1,000,000 USDT
  • The speed of withdrawal is much faster using internal transfer and BinaricX IB level 2 below is required to be charged for the handling fees and this function is limited to asset transfers between different BinaricX accounts.
14. Is there any charges when I cancel the following copy trader?
There are no charges when cancel the following copy trader and you can cancel anytime.