Binary options are an investment tool, also known as a “fixed return” or “digital options”. This tool is used to deliver a fixed return based on a predicted forecast. It can also enable traders to earn high returns in short time frames. It can be used to trade underlying assets and its defining characteristic feature is ease-of-use. Successful results are solely dependent on price direction and not the size or magnitude of an assets’ movement.
Unlike traditional options, the trading of binary options involves shorter expiry times, predetermined yields, and a binary option can not be sold before the selected expiry time intervenes.
The payouts in binary options offer you three possible winning outcomes; ‘In the Money’, ‘Out of the Money’ and ‘Tie’. These terms indicate the ending of the trade in reference to the market price past the expiration time. Meaning, your payout is subjected to the asset final stop, whether it ended above, below or aligned with the market price.
Most ‘In the Money’ options pay out a value of 65-71% of the initial investment and those that are ‘Out of the Money’ result in a loss of around 85% of this investment.
Simply put, a binary option is a financial instrument that provides you with access to global assets. Its simplicity, minimum risk and quick earnings have fostered its popularity and are also the building blocks upon which BullaBear instigated its platform.
What are underlying assets?
Assets are the measured value of the stock, commodity or currency from which the option is derived. Because of the assets’ lack of ownership, when a Binary Option is purchased the cash value reflects the live market price of the asset it is based upon.
Most common assets refer to the following four major groups:
1. Stocks (Lloyds, Barclays PLC, Google Inc., etc.)
2. Indices (FTSE-100, IBEX- 35, S&P 500, etc.)
3. Commodities (Gold, Silver, Oil, etc.)
4. Currencies (Euro – US Dollar, British Pound – US Dollar, US Dollar – Turkish Lira, etc.)
What are call options?
A call option grants the trader profit whenever the option’s price is higher than it was at the expiration time, i.e. the option expires above the strike price. If the option expires at precisely the level of the strike price, the initial investment is reimbursed. In the stock market arena, this action is called ‘going long’.
What are put options?
Conversely to call options, ‘put options’ grant the trader profit in the event that at the time of expiration the option’s price is lower than it was at the time of purchase, i.e. the option expires below the strike price. These options are similar to ‘going short’, where the optimal outcome for the investor is for the price to fall. If the option expires precisely at the level of the strike price, then the initial investment is reimbursed.
What is a strike price?
A strike price reflects the current market price for an underlying asset when an option is executed.
What are investment amounts?
The investment amounts are the sums a trader invests in trades. The amounts are not fixed and can vary, according to your trading desires. These amounts also set the level of pre-determined payout percentages and return of investment, at the time of the option’s expiration time. Meaning, you control the extent of your losses and profits.
Banking (Deposit and Withdrawal)
What are the available deposit methods?
Depositing funds into your trading account can be made in multiple ways; including major credit cards, bank transfers or eWallet. Broader explanation regarding the depository methods is available on the deposit process page.
What currencies are available for use in My Account?
All major currencies are supported. The selection of currency cannot be changed after the account registration has been completed.
What is the minimum withdrawal amount?
When you withdraw funds from your BullaBear account, a minimum withdraw amount of $25 is required.
Please Note: The minimum withdrawal amounts’ currency is subjected to the currency you’re trading with. Thus, investors trading in Euro’s have a minimum withdrawal amount of € 25, and if your account consists of Pounds, your minimum withdrawal amount is £25.
For further Withdrawal terms and conditions click here
Are there any withdrawals fees?
All traders of Bullabear are granted withdrawal free of charge, regardless of total investment and account value.
How much time will it take to confirm and process a withdrawal request?
Our financial team approves and processes your withdrawal request within 3-4 business days. Nevertheless, the money will only be displayed in your bank statement several days later as the withdrawal procedure also requires your credit card company and bank account approval. Note, confirmation with your Account Manager is required for the finalization of the withdrawal.
How do I withdraw funds from my account?
Withdrawing funds from your account is fast and straightforward. To withdraw your profits simply log-in to your account and click on ‘Deposit & Withdraw’, then press the ‘Withdraw Funds’ button and follow the withdrawal instructions.
Must I deposit money to register?
Deposits and credit card deposits are not necessary for registration.
How can I withdraw my Profits?
If you have previously sent funds via your Debit/Credit card we will send your profits back to the same source. In the case where we cannot send your profits back to the same source, we will need to send your funds via a bank wire transfer; you will be contacted for your banking details.
If you have not previously sent funds via your Debit/Credit card we will need your below banking information sent to [email protected]. (Please note, the minimum amount that can be sent via a bank wire transfer is 100).
Bank Account number:
Bank phone number:
Once the necessary information is sent to [email protected] simply log-in to your account and click on ‘Deposit & Withdraw’, then press the ‘Withdraw Funds’ button and follow the withdrawal instructions.
What is a Swift code?
A Swift code is an interbank (bank to bank), unique and personal eight-digit code ending with XXX which identifies the bank of the account holder for use when transferring capital. You can retrieve your Swift code by contacting your bank.
What is an Inactive Account Fee?
If there hasn’t been any trades executed in your account within 60 days, your account will be subject to a dormant account administrative fee. The exact fee will be based on the currency denomination of the Client Account, and is set out as follows: 10.00 USD, 10.00 EUR or 10.00 GBP.
The fees will be deducted from the account on the date of the 61st day and monthly onwards until such time as either activity resumes on the account, or the balance reaches zero.
What is a profit clearance fee?
A profit clearance fee is associated with charges made to the company for the services rendered, in addition to financial processes. The fee is variable and depends on the profit volume generated from the trade position.
Am I charged a profit clearance fee on all my trades?
No, you are not. The profit clearance fee applies only to successful trades or those sold for profit.
How much is a profit clearance fee?
The profit clearance fee is determined according to the total profit of a winning trade. The profit payout breakdown is as follows:
$250 or less = $1.50
$251-$500 = $2.00
$501-$1000 = $3.00
$1001-$2500 = $4.00
$2501 or more = $5.00
Please Note: The fee currency is subjected to the currency denomination of your account. Thus, the exact fee will be based on the currency denomination of your account.
What are maintenance fees?
The maintenance fee is a monthly account charge encompassing all services and features available to traders.
Starting from the initial trade an investor executes, a monthly maintenance fee of $7.50 will be charged to a trading account on the last day of the month. If you begin trading after the 1st day of the month you will then be prorated for the remaining fees, in accordance with how many days remain in the month.
Please Note: The maintenance fee currency is subjected to the currency denomination of your account. Thus, the exact fee will be based on the currency denomination of your account, and is set out as follows: 7.50 USD, 7.50 EUR or 7.50 GBP.
I forgot/lost my password. What should I do?
If you forget your password, the procedure to retrieve it is available on the homepage. Click on the ‘forgot password’ button, enter your personal details and click send. You will then be emailed your password details to the email account used during registration. There will also be a link available in the email that will automatically log you into your account (if needed, copy and paste the link into your URL). If you forget your username, we encourage you to contact Customer Support.
Where can I see my transactions or trading history?
Your transaction history together with all the rest of your account activities may be accessed in the REPORTS button located in the trading room. If you do not see the data you are looking for, please ensure the filters are set correctly. Go to advanced filters, and change the start date.
Why can't I see a particular asset?
The default assets that are displayed on the trading page are assets which have proven to be most in demand. Other assets can be found in the options’ menu, or in the Assets Index.
How can I change my personal details?
Personal details and related info can be changed and updated in your account page, please click your name, at the top of the page. Alternatively, our support team can help you change personal details by email or by phone as well.
I have questions about a trade outcome, what should I do?
If you have a question about a past trade or payout, BullaBear’s procedure is as such; please email your claim to Support, at [email protected] The email should include a printscreen as well.
Why can’t I log in?
The most common reason is copy-pasting the password from the email with spaces before or after the password.
Additionally, your Internet Browser may be storing old passwords through Cookies. Please clear the Cookies. If the problem persists, you may try entering with a different Browser. We suggest Google Chrome.
Do I need to download any software to use BullaBear's trading platform?
Nope. All that is required to trade with BullaBear is to subscribe and fund your account.
How do I change the displayed language?
Languages can be altered using the drop down menu at the top of the page. The default language after login will be the one selected at registration. In order to change the default language, please contact Customer Support.
Ebook can’t be opened.
Ebook is a PDF document. Some browsers support opening it within them without any additional plugins. If yours doesn’t, please install any PDF viewer. The most common one is Adobe Reader.
Is Java™ needed on the website?
No, currently Java™ is not needed on BullaBear.com. But support staff may direct you to some external websites, especially those that contain charts, which do require Java™. For those scenarios, you may download Java™ and install the latest version.
Is Flash needed on the website?
Yes, some pages including the trading platform and video tutorials require Flash. Please download Adobe Flash Player.
Emails are not being delivered.
There may be multiple reasons why you don’t see the expected email in your Inbox:
• It went to the Spam folder. Some email clients may mistakenly identify our emails as spam.
• Various email servers have interruptions, you may be encountering a temporary delay.
Why is my demo account coming up blank?
If you use Google Chrome, locate the grey shield icon on the far right of your url address bar. Once you click on the icon, select ‘Load scripts’ in the box that appears.
In case your browser is Mozilla Firefox, locate the grey shield icon on the far left of your address bar. Once you press the icon, a box will appear. Press on the arrow next to “Keep Blocking” and allow for viewing of this page.
Why are some pages of the platform not available?
You may need to check if you are using https:// – if so, please change it to http://
Why are the video tutorials not loading?
First update your Flash. If that does not resolve all issues, you may need to configure network settings to use Google Public DNS. More information on how to configure network settings for Google Public DNS – COPY/PASTE THIS LINK:
Why do I need to provide you with my private information?
Under our authorization, as a regulated investment firm, we request that all our clients provide their documentation (Proof of identity and Proof of Address). We can assure that all documentation is treated with 100% confidentiality.
What documents are needed to have my account fully verified?
In order to have your account fully verified please send the below documentation:
1. Proof of identification (Fully displayed scanned copy)
Government identification, can be either a passport or Identity card. Must be valid and not expiring in less than 3 months.
2. Proof of address (Fully displayed scanned copy)
Can be either a utility bill (electricity, gas, water or landline/internet bill) or bank statement. Must not be older than 6 months.
3. Clientele Questionnaire
Under our authorization, as a regulated investment firm, we request that all our clients complete the questionnaire for their own protection. Due to investors having different levels of knowledge, skill and expertise, they will be classified according to their answers. Please answer with all honesty.
4. If you deposed via a Visa/Master Card, a scanned front and back copy of the credit card (Please hide the first 12 numbers on the front side and hide the CVV on the back)
What needs to be visible on my Proof of Identity?
The full proof of id must be displaced; nothing must be hidden. Make sure that the Proof of Id is not expiring in less than 3 months.
What needs to be visible on my Utility Bill/Bank Statement?
The full document must be displayed. Make sure that the document is not dated more than 6 months.
I am a student and I don’t have any bills on my name. What should I do?
If students are unable to provide a valid utility bill or a bank statement then they must provide a valid utility bill or bank statement of the person(s) they are living with, accommodated by a letter confirming that they are living with that person(s). (This will be considered as an exception).
I am renting a property and have no proof of address. What should I do?
If someone is renting a property and has nothing on his/her name, the lease agreement can be accepted. (This will be considered as an exception)
What needs to be visible on my credit/debit card?
The FRONT card copy must clearly display the last 4 digits of the card number, the expiration date and your full name. The BACK card copy must clearly display your signature and you may cover the 3 digit CVV code. See examples below:
What do I do if the credit/debit card is not under my name?
If the credit/debit card is not under your name, you will have to sign the Credit Card Authorization Form. Please, contact the live chat or send the email to [email protected] explaining the situation. One of our managers will call you to assist in signing the document. Make sure that you provide us with credit card holder’s ID, Utility Bill and Email as well.
What do I do if I lost credit/debit card used upon deposit?
If the credit/debit card is lost or doesn’t exist anymore, you will have to sign Funds Authorization Form. Please, contact the live chat or send the email to [email protected] explaining the situation. While signing the document, make sure you enter the details of the lost/cancelled card, your full name and signature.
When will I know if my documentation has been approved or declined?
Once the documents requested have been provided, the back office department will review them within 3 days and you will receive an update whether they have been approved or declined with a given reason if applicable.
What is the Clientele Questionnaire?
Under our authorization, as a regulated investment firm, we request that all our clients complete the questionnaire for their own protection. The questions are based on your knowledge, skill and expertise. According to your answers you will be classified as a retail client, professional client or eligible counterparty. All answers must be answered will full honesty.
What is a retail client?
“Retail Client” is a Client who is not a Professional Client or an Eligible Counterparty.
What is a professional client?
“Professional Client” is a Client who possesses the experience, knowledge and expertise to make his own investment decisions and properly assess the risks that he incurs. In order to be considered a Professional Client, a Client must comply with one of the following criteria:
(i) Entities which are required to be authorised or regulated to operate in the financial markets. The list below should be understood as including all authorised entities carrying out the characteristic activities of the entities mentioned: entities authorised by a Member State under the Markets in Financial Instruments Directive, entities authorised or regulated by a Member State of the EU without reference to the above Directive, and entities authorised or regulated by a non-Member State;
(ii) Large undertakings meeting two of the following size requirements on a company basis;
(iii) National and regional governments, public bodies that manage public debt, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations;
(iv) Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions;
(v) Clients who may be treated as professionals on request, following approval by the Company.
The entities mentioned above from (i) to (iv) are considered to be professionals in relation to all investment services and activities and financial instruments. The Clients mentioned in (v) may be treated as professionals generally or in respect of a particular investment service or transaction, or type of transaction or product.
What is an eligible counterparty?
“Eligible Counterparty” is any of the following entities to which an investment firm provides the services of reception and transmission of orders on behalf of Clients and/or execution of such orders and/or dealing on own account: Cyprus Investment Firm/Greek Investment Firm, other investment firms, credit institutions, insurance companies, UCITS and their management companies, Portfolio Investment Companies, pension funds and their management companies and other financial institutions authorized by a Member State of the European Union or regulated under Community legislation or the national law of a Member State, undertakings exempted from the application of the law in accordance with paragraphs (k) and (l) of subsection (2) of section 3, national governments and their corresponding offices, including public bodies that deal with public debt, central banks and supranational organizations.
Why has my account been suspended due to verification?
Due to regulatory protocols, if a client does not verify their account within a specific amount of days, the trading account will be suspended. Only once the documentation necessary has been provided and approved will the account be unsuspended.
What is a valid proof of identity?
Valid refers to the passport not expiring in less than 3 months. It can be any of the following:
· Passport. (For all nationalities)
· Identification Card. (For all nationalities)
· Income Tax id. (Indian and Pakistani clients only)
· Internal Passports (Russian clients only)
What is a valid proof of address?
Valid refers to the document not being dated more than 6 months and must be physically posted to the address you registered with. It can be any of the following:
A utility bill i.e. Water Bill, Electricity Bill (or Voucher)/Gas Bill, Land Line phone Bill, Home Internet.
A bank statement.
Is an electronic bank statement acceptable?
An electronic bank statement is acceptable only if it is stamped by the bank.
I sent all the documents required, but why do I still receive the emails from [email protected] stating ‘Send another Document’ OR ‘Documents Incomplete ’?
Make sure you sent all the required documents stated in the Trading Account Verification email. If the copy is too dark/too light-struck/blurry or does not display one of the stated points it will not be approved by The Billing Department. Feel free to enter the live chat for further assistance
What is order execution?
Order execution expresses the way your trade is submitted. Because the market prices tend to randomly alter, not every submission of a trade request is approved. Therefore, to ensure that your trade request is submitted according to your terms, the order execution tool enables you connect your trade to the markets, and control the price at which your order/trade is executed.
Which order execution types are available on BullaBear?
BullaBear offers you 2 order execution types to enter the market:
1. At Requested Price– allows you to determine one specific price at which your orders can be executed. By choosing this execution type, your order will either be rejected or accepted, depending on the asset’s market price. If the asset’s price on the market changes, the system won’t be able to execute the trade. However, if the market price doesn’t change, your order will receive an approval and will be executed according to your request.
2. At Market – permits you to execute an order, even at times when price change doesn’t allow it. This option prevents you from having trades rejected, instead it executes your trade at the best available current market price.
To which option types do order execution apply?
The default execution type for all trade options is “At Requested Price”. The “At Market” execution type may only be applied to the Quick and High/Low option types.