Is Binary.com reducing my maximum bet/stake size because I'm making winning trades?

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So I'm crushing on Binary.com (EUR/USD ) rise n fall..., almost every trade is a winner, my indicator that im using is working like a charm, most of my losses are miss clicks. I make $200 to $2000 stakes/bets...suddenly Im unable to stake or bet more then $200!!!?? Is that normal...I'd be pissed if I was using real money and they reduce my bet size!! Why is this happening? Is this normal?? If this really happens there is no way I will deposit real money on Binary.

Comments

  • *oh and YES its a DEMO account
  • OkaneOkane Posts: 1,266 admin
    Did you ask their support? If it's demo why would they do that.
    Maybe it's a volatility thing, when market volatility is lower ( I see it on the time stamps 22-23GMT very low volatility period). Like I said, as their support first! Otherwise we are just speculating here.
  • I'll message Binary support today and see what they say. I hope its a volatility thing because I feel like it is unfair if they just reduce your stake amount at any time if you are doing good. Casinos can limit ur bet sizes or not even take your bets if they dont want to, how am I supposed to money manage my trades or what is even the purpose of using binary options if they do that.

    I'll message here when I get a response from them.

    Thanks for the reply.
  • So I go on Binary dot com and log in and suddenly I'm able to make 20k stakes on my DEMO account. So I think you are right sir bets are based on volatility which makes sense because i think in binary options what happens is you win money from loosing traders and if no traders are trading money supply dries up and you can only make smaller stakes...? Let me know if that is right.
  • OkaneOkane Posts: 1,266 admin

    So I go on Binary dot com and log in and suddenly I'm able to make 20k stakes on my DEMO account. So I think you are right sir bets are based on volatility which makes sense because i think in binary options what happens is you win money from loosing traders and if no traders are trading money supply dries up and you can only make smaller stakes...? Let me know if that is right.

    It's true but in this case, the volatility is the market prices moving. If it is barely moving, then they consider it "easy" since price can move up
    half a pip if you took a call and then stay there for 10 minutes so you win. When markets barely move, the brokers consider it risky.
    Same is true when market is VERY volatile, for example during news trading when price can jump 20-30 pips in less than a second. Then
    the brokers need to protect both you and themselves and either add spreads or make it harder to fill an order if the price is too jumpy.
    So the market itself matters. When it comes to Binary.com, they have been around for such a long time and they have huge capital, probably in the billions, I don't think they have any issues paying out.
  • nadeemenglishnadeemenglish Posts: 4
    Hi Okane,

    I have a different question, but I thought you are one of the best to ask this one. I am thinking of moving abroad purely for binary and forex trading. (Don't worry I won't board a plane unless I am fully sure of my success at BO and forex.) I am not fully sure of where Binary Options are fully and clearly legal and allowed. I want to go to a country where BO are fully legal (I guess where binary options are legal, forex has to be legal, anyway). My preferences are the UAE, Singapore, Switzerland, South Africa, Croatia, Belgium. Can you please enlighten me about this? I'll be grateful. I have done my own research on this subject matter, but want to hear about it from pros like you.

    Thanks
    Nadeem.
  • OkaneOkane Posts: 1,266 admin
    Hey there. You don't need to move if you want to trade Forex, I think they are legal in most countries (not sure where you are from).
    UK also regulates Binary Options but like I said, no idea where you live already. I would stay where I am and trade Forex.
  • Can anyone explain to me the difference between trading forex and crypto? Like what are the advantages and disadvantages because crypto you can trade 24/7 like forex i think and crypto seems way easier to trade because all you do is make an account on exchange and transfer some crypto and you are good to go.
  • OkaneOkane Posts: 1,266 admin
    Well, like you said, cryptos are 24/7 but also right now, cryptocurrencies are extremely volatile and somewhat unpredictable.
    One little news here or there in whatever country and you see a huge sell and people dumping them in panic or just buying out of hype.
    If you know what you are doing and shorting/buying during these events you can indeed make some good ROI.

    Forex has more historical data and those analysis can be more reliable than cryptos.
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