Investments

Platform usage

Where can I view the precise trading hours of each asset?

A detailed list of all our available assets, their description, expiry times, symbol and trading hours is presented through the platform. At the Asset Index and Expiry Rates pages whose links can be found at the bottom of the homepage.

Should I install software?

No, yorkbit is a web-based trading platform, meaning you can login to your account and trade on any device that has an internet connection.

Do you allow VPN/Tor connections?

Yes, however for best performance of the yorkbit web interface and API we recommend using a reliable and fast connection.

Why am I unable to make a trade?

Unsuccessful trades are usually a result of insufficient funds, or if you are attempting a trade on an asset outside of the market trading hours. If neither of these reasons are the case, please contact us by mail to support@yorkbit.com, or by phone.

What is Double Up?

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

What is Rollover?

When it’s close to expiry time of a binary option, the position is out-of-the-money, and the trader is convinced that the market will still move to his advantage, then he can decide to delay the expiration time by activating the “Roll-Over” feature and modifying accordingly the time of expiry.
To do so, the following requirements need to be fulfilled:
The specific binary option (i.e. the underlying asset, expiration time and product type) is still open and needs more than 3 seconds for closing time
The initial invested amount will increase by 30%
The position needs to be “out-of-the-money
The Roll-Over capability is not available for the last trade of the day
The Roll-Over capability is only offered once per position

Why do the rates continue to change before I make a decision?

Like the market, rates at yorkbit are dynamic and change every second. The market fluctuations affect our automatic pricing engine, which displays rates at real-time. However, here at yorkbit, rate capturing is as good as technology allows. Additionally, you have the option to cancel your trade if you did not receive the exact rate you wished to trade on.

For your convenience, yorkbit makes rate analysis as easy as possible, by showing a blinking movement every time the price fluctuates, and by the color indicator, which turns the price green upon upward movement, or red upon downward movement.

What is the expiration time?

The expiration time is the time and date at which an option expires.

What is the expiration rate?

The expiry rate is the price of the underlying asset at the time of expiry according to feed providers such as Reuters. This is the determining factor in if the option has expired in-the-money or out-of-the-money.

What’s bid and ask?

In simple terms, the bid represents the price at which you can currently Sell (or close a Buy order) and the ask represents the price at which you can currently Buy (or close a Sell order).

The numerical difference between the bid and the ask is called the spread.

Buy orders are executed at the ask price and Sell orders are executed at the bid price. Buy orders are closed at the bid price and Sell orders are closed at the ask price.

The Financial Products offered by the company include Contracts for Difference (‘CFDs’) and other complex financial products. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because it is possible to lose all of your invested capital. You should never invest money that you cannot afford to lose. Before trading in the complex financial products offered please ensure to understand the risks involved.