Binary Trading Essentials

Question 1

Which of the following is not an asset that can be traded?

Accepted Answer

Ladder

Answer

Cryptocurrency

Answer

Stocks

Answer

Commodities

Question 2

What is the minimum amount of time for which an Options contract can expire?

Accepted Answer

30 seconds

Answer

1 week

Answer

2 days

Answer

3 months

Question 3

Which of the following is not a type of broker?

Accepted Answer

Halal Brokers

Answer

Low minimum deposit brokers

Answer

Demo Accounts

Answer

Bonuses and Offers

Question 4

Which of the following is not an asset that can be traded through binary brokers?

Accepted Answer

Individual stocks and equities

Answer

Major forex pairs

Answer

Commodities

Answer

Major stock indices

Question 5

Where does a trade close and get settled?

Accepted Answer

At the expiry time

Answer

Halfway through the trade

Answer

When the trader decides to close the trade

Answer

At the beginning of the trade

Question 6

Which is the longest expiry binary options?

Accepted Answer

12 months

Answer

4 months

Answer

2 months

Answer

6 months

Question 7

Which of the following is true about binary options trading?

Accepted Answer

Unregulated brokers still operate

Answer

Binary options trading is illegal

Answer

There is no way to tell if an unregulated binary options broker is trustworthy

Answer

All binary options brokers are regulated