Plain-language definitions of the Binoria platform and account terms you will come across.
Your account
| Term | What it means |
|---|
| Demo account | An account using virtual funds. No deposit, no time limit. |
| Wallet | Where deposits and withdrawals are managed. |
| Balance | Funds available to trade with. |
| Verification | Confirming your identity. See verification explained. |
Trading
| Term | What it means |
|---|
| Expiry | When a trade settles. See how expiry times work. |
| Stake | The amount committed to a trade. |
| Asset selector | Where you choose which market to trade. |
| OTC market | A market open around the clock, including weekends. |
Rewards and extras
| Term | What it means |
|---|
| Turnover | Total value of trades placed. Bonus terms are expressed against it. |
| Deposit bonus | Optional extra funds with a turnover requirement. See deposit bonus explained. |
| Mission | An objective completed through normal activity, with a reward attached. |
| Tournament | A timed competition ranked on a leaderboard. |
| Daily spin | One free spin of the prize wheel per day. |
| Copy trading | Following another trader so their positions mirror on your account. |
Putting it into practice
Definitions stick faster when you see them in use. Open a demo account — virtual funds, no deposit — and these terms stop being abstract within minutes.