FAQ

To invest, you must choose between “call” or “put” options for a given underlying asset. Clicking on the call/put button will open an investment sheet in the same box, where you will be requested to enter the amount of the investment and to approve execution. The selection may be canceled by clicking on “X” at any time before approval of the transaction. Please note that the rate keeps updating in the investment sheet.

SetOption offers 0-10% return of the investment if the option expires out of the money. When the option becomes Out of the money, refund money is automatically added to customer’s account.

Rates are the quoted prices of the underlying assets.The rate is a live feed directly from Reuters adapted using SetOption algorithms. The rates we present in the trading boxes on our home page are those at which SetOption is willing to sell the following options.

The expiry rate is the level of the underlying asset at the time of expiry of the asset according to Reuters. This is the determining level if the option has expired in-the-money or out-of-the-money. A different expiry rate is determined for each underlying asset.

The date and time when an option expires is known as the expiry time.

SetOption deals are dependent on the markets, which are dynamic and change all the time. The fluctuations in the market, in currency rates, and in other parameters, affect our fully automated pricing engine. This is why rates and premiums may change all the time. For your convenience, we developed the currency rates table which displays market data in real time and can give you an indication as to whether the rates are going up or down. When the rates in the bar are green it means they went up since the last update, when they are red it means they went down since the last update.

One of the following may be the reason for why you are not able to make a trade:

  1. The assets of SetOption are available only during the market trading hours. The assets will not be displayed after the market trading hours.
  2. You may not have sufficient funds in your account. So you should check the balance of your account, by clicking on the “Account balance” tab after you login into the website.
  3. Your browser may not be supported by our platform. SetOption recommends the use of Google Chrome and Mozilla Firefox web browsers while trading on the site.
  4. If any of the above reasons do not answer your question (s), then please contact our Support Department either through phone, email, live chat or the contact form found on our website. International clients can contact our customer service phone number of their region.

Rollover is a powerful stop loss strategy that allows you to postpone the expiry of your option.  When the market disagrees with you, that is – when it looks as though your prediction is not going to be on target by the upcoming expiry date, activate Rollover with the click of a button. This gives you another opportunity to close in the money.

Rollover Benefits:
•    Postpone the option’s expiry time
•    Utilize a powerful stop loss strategy
•    Get 30% higher returns when your option expires in the money for an added 30% investment
•    Turn loss into gain with time on your side
•    The Roll over is available up to 10 minutes before the Expiry

Per each particular option Rollover can be applied only once.
*Rollover feature is not available for the end of the day trade.

If you are close to your expiry time, and you think that the direction you predicted is on a roll, then you have the chance to “do it again” by clicking on Double Up.  By doing this, you can create a new trade with the same conditions, for the current price of the asset. In a nutshell, when things look good, Double Up gives you the opportunity to increase your investment and thus, double your profits.

Double Up Benefits:
•    Increase your investment on open positions
•    Make double the profit on expiry
•    Immediately capitalize on a strong position

An option that provides the holder with a profit when the underlying asset rises in price compared with the level it was purchased at. In the event that the option expires exactly at the same price, the full original investment amount will be returned to the investor.

An option that provides the holder with a profit when the underlying asset falls in value relative to the purchase level. In the event that the option expires at exactly the same price, the full original investment amount will be returned to the investor.

Our minimum trade is different for each trading tool:

1. Classic Binary / Option Builder / Open Platform: $25
2. 60 Seconds: $5
3. One Touch: $50

You can view your past trades by logging into your account and clicking on the “History” in My Account. You can also view all your transaction history and the past trades by clicking on “My Portfolio”.

No you cannot, because Rollover and Double Up features are not offered on 60 second trades. They are available only for Binary Options, Option Builder and the Open Platform trading tools.

There is no lockout period on 60 second trades. You have the facility of entering a trade at any point of time. The trade will expire in 60 seconds.

60 second trading is accessible when the applicable markets are open.  For instance, currency pairs offered are available 24/5.

Registration with SetOption is Fast & Easy. All you have to do is to click on “Open Account” on our website, fill in the required details in the form and hit the “Submit” button.

You can easily contact our customer care executives over the phone 24/7, through the contact form found on our website, by email or through live chat and discuss all your problems with them. They will only be too happy to offer your expert guidance through your registration process.

SetOption customers are responsible for their taxation liabilities, if any, at their place of residence. See our general terms for more details.

SetOption applies SSL encryption through the best HTTPS secure web protocol for all your transactions and data and so your investments, trading, transactions and personal data are totally safe and secure with SetOption.

You can open an account in USD, EUR, GBP, RUR, CNY. Please note that you cannot change your currency selection after registration.

A deposit is Not Required for registering at SetOption

No fees are required for registration.

You can see all our account types and their benefits at: Account Types

Binary options and traditional options are both derivatives which indicate that their real value is  from the value of some other asset. However, binary options are new and an interesting way to trade in the financial markets and differs from the traditional options trading. The expiry periods of the traditional options are rather long.

The binary options offered by SetOption offer expiry times from the end of the day to as little as 60 Seconds. Traditional financial options are inclined to offer extremely varying returns from your investment, as well as difficult to trade profitably. Binary options in contrast offer big  returns on your investment, plus are easy to understand.

No, the trading platform of SetOption is 100% web-based. All you  have to do is simply open an account via our website, fund it and start trading immediately.

In order to view your transaction history you have to login in to SetOption. After login,  click on the “My Account” tab and view your complete list of your transaction history.

You can view the trading hours of each asset along with trading symbols and a brief description of each  asset by visiting our Asset Index.

The time is set at GMT +0 and it’s synchronized with the market time.

Green indicates a higher rate than the previous trading day’s closing level. Orange indicates a lower rate than the previous trading day’s closing level.

It is 1500$. (The currency is customer’s account setting currency. )

A type of option in which the payoff is structured to be either a fixed amount of compensation if the option expires in the money, or depending on the asset, up to 10% return if the option expires out of the money.
Binary options trading platform (also called binary options web-site) is a web-based, over-the-counter, real-time trading arena, which offers investors a way to profit from correct, short term predictions of some underlying asset (e.g., stock, commodity, currency, index) price movement by buying binary options on that asset. Binary options platforms have been growing rapidly since mid-2008.

Underlying assets are securities upon which the binary options are based. They can be commodities, stocks, indices or currencies.