Binary options bonus

As you know, binary options bonuses can come in a variety of rewards. We’ll cover the most common: alternatively, if you’re just getting started with your first binary trading broker or you’re short on funds, a no-deposit bonus could be the way to go.

Top forex bonuses

Binary Option Bonuses, binary options bonus.

In this example, you get free money in your account just for opening it.

Binary option bonuses

A binary options bonus is a type of welcome bonus that a broker gives you for adding funds to a new account.

Depending on the broker you choose, the welcome bonus can vary from a deposit match, extra trading funds, or prizes. Often, it’s a combination of these. Some brokers will also throw in educational material like tutorials.

As with anything “free,” terms and conditions do apply, so make sure you read the fine print before depositing any of your hard-earned money into a brokerage account for binary options trading.

Bigger isn’t always better, so this brief overview will show you what to look out for before you accept a binary options bonus.

The best binary option bonuses of 2020

Types of binary option bonuses

As you know, binary options bonuses can come in a variety of rewards. We’ll cover the most common:

Welcome bonus

Also called a deposit match bonus, this type of welcome bonus gives you a percentage of your first deposit as additional funds to trade.

For example, if you fund your account with $100, you may be eligible for a 50% bonus or $50. Some binary options brokers offer 100% deposit bonuses, which would double the size of your initial investment from $100 to $200.

No deposit bonus

Alternatively, if you’re just getting started with your first binary trading broker or you’re short on funds, a no-deposit bonus could be the way to go. In this example, you get free money in your account just for opening it.

But remember, there’s no such thing as free money. These deposit bonuses often come with restrictions that don’t allow you to withdraw the money until you do actually fund the account. Or, the terms could require you to do a high volume of trades in a short time, increasing your chances of losing your deposit, especially if you’re a beginner in the field of binary options trading.

Risk-free trades

One of the most attractive deposit bonuses for new traders is a risk-free trade. In this scenario, you can enter into a trade, and if you sustain any losses, zero funds will be taken out of your account.

On the other hand, if you profit from the free trading, you get to keep the money. Often, a binary options broker will give you anywhere from one to five risk-free trades.

Again, read the bonus terms and conditions associated with risk-free trades. Most commonly, you have to enter into a high number of trades with your profits before you can make a withdrawal.

How a binary option bonus can help you

As long as you accept any deposit bonuses with your eyes wide open, you can benefit from a binary options bonus. Remember, it’s still technically free money or an exclusive benefit you get for opening an account with a broker.

It is also worth shopping around because generous bonuses with few strings attached can signal that you’re dealing with a superior broker.

Another thing to consider is that a modest bonus with few or no terms can be the best bet. By evaluating the bonus options and reading the fine print, you can find a transparent and honest broker in an industry that’s known for questionable tactics.

Terms and conditions to be aware of

The fine print of the terms and conditions can be enough to make you lose faith in humanity if you’re not careful.

While most of these brokers are above board, there are a few brokerages that are borderline criminal.

Without naming names (don’t worry, we would never recommend a binary options broker that would do anything we’re about to describe), we’ll tell you the most common terms to look out for that could land you in a trap and separate you from your money.

Withdrawal restrictions

Don’t be surprised if a broker’s terms dictate that you can’t withdraw your money until you’ve met their turnover requirements.

Turnover is expressed as the number of times your deposit or bonus must be traded before it’s eligible for withdrawal. The range is usually between 10 and 40, with an average of about 20 to 25.

For example, if your bonus amount was $100, and the turnover was 20, you would have to execute $2,000 in trades before redeeming your bonus for cash.

Locked-in deposits

We can’t stress enough the importance of reading the fine print. Specifically, be on the lookout for “locked-in deposits.” what this means is that you can’t even withdraw your initial deposit, let alone the bonus, until you meet the minimum turnover requirement.

Payments

A final condition to look for is how your bonuses and profits are paid. In an ideal scenario, the bonus is kept separate from your initial deposit funds because that helps you keep track of which money is yours and which is the broker’s.

And, once you’ve made some profits with either your bonus cash or a risk-free trade, are those earnings subject to their own conditions? If so, then you might never see that bonus money, so be on the lookout for how these rules are worded.

Drawbacks of binary trading bonuses

Once you understand how restrictive these deposit bonuses can be, you might want to avoid them altogether.

In addition to being familiar with the terms that can trap you (and your money), it’s also crucial that you’re aware of the actual drawbacks of a deposit bonus and how they can affect you.

Trade minimum

It’s not unusual for the binary option bonus to be inaccessible until you’ve executed a minimum amount of trading dollars. This number is typically expressed as your original deposit plus the binary option bonus.

For example, if you funded your account with a $1,000 deposit and received a $500 bonus, your total balance would be $1,500. In this trade minimum scenario, you might be required to do 20x in trading volume before you can get the deposit bonus. This would equate to $30,000.

If you’re not a high-volume trader, it could take a while to get to this point.

Time limits

To add insult to injury, the broker might require you to execute these trades within a specific timeframe. It could be 30, 60, or 90 days. There are a couple of reasons why this drawback is particularly painful:

Investors often fall into the trap of over-trading. Experienced investors make sure they are selective in their trading activity. By forcing a minimum trading volume in a compressed time period, it can result in traders being forced to make poor trades to get their volume up to bonus-redeeming numbers.

Withdrawals

While it’s understandable for a broker to put restrictions on when and how you can withdraw a deposit bonus, it’s not fair for them to also dictate rules about your original deposit. However, some brokers do exactly that.

They force you to meet all the conditions pertaining to their deposit bonus before you can withdraw your original funds.

Why do brokers offer binary option bonuses?

The primary reason brokers offer a binary option bonus is to attract new traders and motivate them to open an account. There’s a significant amount of competition, and the initial appeal of a generous deposit bonus can help a broker stand out from the competition.

Cysec regulated brokers and bonuses

Short for cyprus securities and exchange commission, cysec regulates many of the binary options brokers across europe. Their mission is to oversee the financial markets in cyprus and protect individual investors from shady practices.

In light of many of the restrictive and “bait and switch” style binary option bonuses, cysec elected to force the discontinuation of them among the brokers that they are responsible for regulating. Keep in mind that other brokers can and still do offer deposit bonuses, so you still have a choice if you want to pursue an account that offers them.

Cysec also took additional measures to protect investors’ funds, including requiring brokers to put the money in protected accounts separate from their business to prevent comingling, theft, and fraud.

The bottom line

Now that you know how binary options bonuses work, you might be wondering if you should avoid them altogether.

Earlier, we hinted that when it comes to these bonuses, bigger isn’t always better. Sometimes a simple $20 bonus for getting started comes with few (or no) terms. If that’s the case, why not take the free money and start trading.

You also have the option of avoiding a bonus altogether by getting on the phone with the broker before you open the account. You can try negotiating a better deal or offer to forgo an initial modest and restrictive bonus. Instead, ask for something more generous without strict terms in exchange for keeping a significant amount of money active for three to six months.

That’s just one example of potential negotiating tactics for a deposit bonus. Feel free to use your imagination to figure out a way to sweeten the deal of opening a binary options trading account without feeling like you’re selling the soul of your firstborn.

Robert wolfe is the founder and chief editor of impact investing collaborative. Robert is an expert trader with over 10 years of experience trading binary options, forex, and cfds. He prides himself in providing accurate and in-depth reviews in order to help others find a trading platform that fits their needs. When robert isn’t actively trading or managing impact investing collaborative, he enjoys spending time with his 3 kids, playing golf, and spending time outdoors.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Binary options bonus

A binary options bonus can provide you with extra money to trade with, sometimes for free with no deposit, but more often as an added percentage of whatever amount you deposit to your account (A ‘deposit match’ bonus).

Binary options brokers are always keen to attract new traders. One of the main methods for gaining new custom is to offer a bonus. These can come in many forms, from the simple deposit bonus or risk free trades, to more complex packages of training aids and hi-tech gadgets – brokers know how to entice traders, new and old.

Here we list and compare all bonuses 2021 and explain the key points to ensuring that any bonus taken is a genuine benefit and does not become a source of frustration. We explore some of the common types of bonus, and when the right time to take it might be. We also discuss some of the pitfalls, and why all that glitters, may not be gold.

Top bonuses 2021 for traders

What are binary options trading bonuses?

A binary options bonus is an offer from a broker, designed to provide the trader with additional funds to trade with or to mitigate losses should a trade go wrong. Normally the offer is in the form of a welcome bonus, or a sign up offer as it is sometimes also called. Welcome offers are of course also an incentive for new clients to join that particular broker.

They come in a variety of forms, for example:

No deposit bonus

Deposit match

Risk free trade

Education material

Hardware or prizes

The bonuses will always come with terms and conditions. These terms are the most important aspects of comparing a bonus. A smaller ‘no strings’ bonus for example, might be much more attractive than a larger bonus that has some very restrictive terms and conditions.

Welcome bonus example

Let us take an example. The most common form of bonus is the ‘deposit match’. Here, when a new trader opens an account, their first deposit will trigger a bonus. This is normally a percentage of the deposit. So assuming the deposit was a 50% bonus deal:

A trader makes a deposit of $200

A bonus of 50% (in this case $100) would be added to their account

If the deposit match bonus figures was 100%, the same trader would get $200 in bonus funds.

Risk free trade

A risk free trade is another simple form of bonus. One attraction of the risk free bonus is that the terms are normally way less restrictive. A risk free trade gives the trader a chance to place a trade, knowing that if it loses, they do not lose any money from their account. If it wins, they keep the profits.

Some brokers will offer 3 or even 5 risk free trades, and they will all operate the same way. With more trades however, come more conditions. For example with one risk free trade, the broker is likely to pay out winnings as cash – immediately available for withdrawal. Where a broker offers more risk free trades, it becomes more likely that any winnings must be “turned over” (traded) a number of times before they can be withdrawn.

This is one of the reasons why when comparing bonuses, the terms are crucial. At the end of this page, we explore risk free trades in more detail, and explain why there is always some level of risk.

No deposit bonus

The ‘no deposit’ bonus is exactly what the name suggests – a bonus credited to an account without the need for an initial deposit. It is clearly an attractive option for a trader, but as explained above – reading the terms and conditions will be key. A no deposit bonus will generally require a very high turnover before any funds can be withdrawn, and this requirement will normally need to be met within a short space of time.

Given the terms and conditions are demanding, it becomes clear that a live account, with a ‘no deposit bonus’, will actually behave in much the same way as a demo account. The reason being, these bonus funds are unlikely to be withdrawn and are not “real money” until certain, strict, criteria have been met.

This type of bonus is also rare. It does not work that well for brokers, or traders. Recent months have seen a shift away from no deposit bonuses, into ‘risk free’ trades. This allows traders to use the live, real money platform, but place a handful of trades at no financial risk. Brokers now tend to offer either risk free trades, or deposit match bonus.

The best times to claim bonuses

The best time to claim a benefit is often not at the point of making the first deposit. With some brokers, the best course of action is to open an account with the minimum deposit – turning down any bonuses. Then after a period of trading, call the broker and negotiate a bonus directly with them, based on a larger deposit. This is particularly effective if there is a larger sum to be invested. The bigger the second deposit, the better any bonus terms will be.

If that seems too much trouble, then new traders should certainly research any potential bonus – and ensure it will work for them. Make sure any bonus conditions can be met comfortably – without having to change any trading habits. Pay specific attention to turnover requirements, and any time restrictions by which time the limits need to have been met.

Term and conditions

There are certain issues that traders should be aware of when comparing bonuses. All of these issues will normally be within the terms somewhere, so it is vital to check those. Here we will list some of the details to look out for when checking the small print of the bonus deal you have found:

Withdrawal restrictions – almost every bonus will have these. For example, are there turnover requirements to be met, and do they need to be met within a certain time? The bigger the deposit the more restrictive these will be. A $100 bonus that needs to be turned over 20 times, means $2000 worth of trading.

Is your deposit locked in? – there are forms of bonus which actually lock the initial deposit, as well as the deposit itself, so that nothing can be withdrawn until turnover requirements are met. These bonuses are thankfully rare – but put the trader at a huge advantage. Any broker using these sort of terms is best avoided entirely.

How is the bonus paid? – are bonus funds separate from your deposit? If so, this is usually better.

How are winnings paid with risk free trades? – are profits paid as cash into the account, or added as bonus funds (with their own terms and conditions to be met)

Finding the best offer

As we have covered, finding the ‘best’ binary options bonus is a case of delving into the terms and conditions. Only then can you judge if the bonus suits your trading style. A large bonus with restrictive terms could be worthless if those terms are not met without causing you to over trade. A small bonus, with few, if any, restrictions, could be a welcome boost to your trading funds. Biggest is not always best when it comes to bonuses.

Lastly, a high quality, reputable broker will make it easy for you to opt out of a bonus. Some will even allow you to cancel a bonus deal part way through. A broker pushing their bonuses on you could be seen as a red flag. If the bonus does not suit you, turn it down.

Why you may NOT want that deposit bonus

Deposit bonuses are a common feature of binary options brokers today, who use them as an attraction to get new traders to open and fund accounts. Who wouldn’t want some free money but the question is, is it really free? There are several reasons why bonuses are not as free as they seem and why you may not want to accept one.

Trade minimums – every bonus comes with a trade minimum. This a dollar amount you must reach before the bonus monies can be withdrawn from your account. The minimum is based on your original deposit and the bonus so if you deposit $2000 and get a 50% bonus the minimum will be based on $3000. On average the trading minimum will be between 20 and 30 times the total account value. We have seen some as low as 15 times and some as high as 40 or 50 times the total account value. This means that an account with a total value of $3000 will have to make trades totalling $45,000 before the bonus is yours. I like to trade 1% of my account at a time to ensure that no one trade can damage my account. In a $3,000 account that means making trades of $30 at a time, $45K divided by $30 is 1500 trades. Of course, you can make bigger trades in order to clear the minimum faster but that can also lead to catastrophic losses.

Time limits – some, but not all, deposit bonuses have a time limit. This is usually something like 30, 60 or 90 days. This means that you have to reach the trade minimum before the time limit is up before you can make a withdrawal. We do not want to imply that any of you are not able to turn $3,000 into $45,000 but consider your chances of doing that within 30 days. You might not like being forced into trading more than your budget or system allows. The time limit may be another reason to shoot for the stars, trading more often or with larger amounts than you normally would and adding risk to your portfolio.

Withdrawals – bonuses make withdrawing money from your account difficult. Some brokers, the shadier ones, will not let you withdraw any money until you meet the minimum trade limit. Brokers that do will not let you withdraw any part of the bonus or profits based on the bonus. In either case clauses in the terms will usually lead to you forfeiting the entire bonus and all profits with any withdrawal request prior to meeting the withdrawal requirements. If you trade your $3,000 account up to $10,000 or $15,000 you might want to take some out.

This broker (optionyard) says that bonuses can not be redeemed for cash value, very shady.

Free sign up bonus – A free $50 or $20 sign up bonus is not too uncommon these days. This is a “free” bonus you get when you sign up to an account and supposedly does not require a deposit. Except that it might. The only way to get the bonus could be to deposit money and then meet the bonus requirements. You may also get an additional deposit bonus on top of the sign up bonus, which means the bonus requirements could be quite high. Make sure to check what the case is with your preferred broker.

There is a reason why brokers continue to use bonuses as an incentive – they know that the average binary options trader is more likely to lose all of their money than to clear the bonus requirements. That is why the minimum requirements are so high and the time limits so short. In order to meet the minimum you will likely have to engage in risky trading behavior. Any time you are contemplating accepting a bonus be sure to read the terms of use and fully understand what it will take to clear the minimum. Like everything else in life not all brokers are the same and each will have different policies concerning the bonus and when and even if the bonus is really yours.

Bonuses are often applied to accounts automatically by the broker once they are funded so be wary of this an see if you can decline a bonus, should you want to, before you commit. In order to opt out you, the trader, are responsible for contacting their account representatives. Some brokers will also offer other bonuses from time to time so be sure to read the terms and conditions before accepting them.

The risk in “risk free” bonuses

There are hidden risks to risk free trading the average binary options trader is unaware of. Fortunately we can reveal what to look out for.

There are some obvious advantages to using the risk free trade, you won’t lose, but the fact remains there are some downsides to the equation that may make you think twice about using it. Following you will find a description of a few types of offers you may find and why they aren’t as risk “free” as advertised.

Free $50 offer or the no deposit bonus

Some brokers will give you a free $50 in order to get started trading. This sounds great and is potential way for a trader to take advantage of a broker for demo trading purposes. Of course, the $50 needs to be enough to make a trade or two.

To sweeten the deal some brokers will also let you know that it is possible to withdraw the $50 once you meet the trading minimum and volume requirements. This is not unusual in and of itself, bonuses come with terms. But beware of related “tie ins”. Minimum deposits are one requirement to unlock a withdrawal and this is true for the “no deposit bonus”. Sure you can get one. Sure you can withdraw it, but only after making a deposit. That deposit may also need to be way more than the original bonus.

Free demo or risk free trading

Some brokers offer free demos to potential clients with only an email address in return. Not something to be worried about, it’s OK for them to want to get your email in return for the free service.

What’s not OK is to advertise the free the demo and then require a deposit to get it, that’s bait and switch. The demo is free, if you deposit with us. Worse yet is that most brokers who use this tactic aren’t really giving you a demo account, they are tacking a “demo bonus” on top of your deposit and all the trimmings that go with it; volume minimums and cumbersome withdrawal requirements. We do not list brokers that operate like this, but it is worth being aware of.

Cash rebate programs

Cash rebate programs sound really nice don’t they? This usually requires a certain minimum deposit, a certain minimum maintenance balance and a trade volume. But here is what you need to know – some rebate programs give you money back only on your losses.

If you are a net loser on the month you get back some of your loss, if you are a net winner you get back nothing. The kicker is that if you are a net loser, you will have to make another deposit to maintain your balance requirement (where there is one). Some rebates don’t require a minimum balance, you have to lose all your money to get it.

Also remember that rebates are often paid as bonus funds – with their own set of terms. So they are often not that attractive after all.

The risk free trade

The absolute worst of the risk free offers is the out and out risk free trade. Some brokers will offer you risk free on your first, second and third trade. These will always come with a minimum deposit and usually an automatic bonus.

If there is no automatic bonus then the money that you would have lost turns into bonus money. Your balance is still the same, you made a risk free trade, you didn’t lose any money – or did you? The “real money” has turned into bonus funds – with terms attached about withdrawals. There is certainly some risk still involved.

Binary options bonus

The binary options bonus has been offered by a large number of brokers in the past and is often seen in two lights. It is either viewed as a nice chunk of free money that the trader can make use of or it is viewed as a way for the broker to tie the trader down and restrict withdrawals.

This also usually comes down to the knowledge that the trader has of the bonus being offered. Traders who take the time to read the terms & conditions and understand what they are accepting tend not to get caught up.

At the trading club, we know the ins and outs of broker bonus offers and have had to help a number of members who have been caught up in bonus disputes. Our overview below contains most of the information that we were able to gather on binary options bonuses.

What is a binary options bonus?

A binary options trading bonus is generally an offer from the broker to give you free money to trade with. This can vary according to a number of factors including the size, form and terms. The bonus is usually added to your trading account after a deposit and is sometimes seen as a nice buffer for the trader.

These bonuses are of course something that the brokers often compete on as they try to earn more clients. Indeed, it can be quite an effective way to get a new client over a competitor when your deposit bonus is larger than theirs.

However, binary option bonuses have taken a lot of criticism in recent months due to the factors that the client sometimes does not know. These include restrictions on trading volume, withdrawals and payment forms.

Indeed, this has raised the suspicion of a number of regulators as well as they have taken a deeper dive into the operations of some brokers and how they manipulate the bonus system. Like so much else in the industry, if the broker is dishonest and unregulated then the client is susceptible. Yet, when used responsibly by clients, a binary broker bonus can be advantageous.

Types of binary option bonuses

Just because something is not necessarily termed a bonus, this does not mean that it is not a bonus in substance. If the broker is going to give a new client something for free when they open an account with that broker then this is indeed a binary options bonus.

Some of these bonuses are more attractive for the client than others. Of course, what is really important before accepting any broker bonus is to make certain that you understand what the bonus entails.

Indeed, some brokers may offer a no strings attached bonus but these are usually few and far between. This is mainly because dishonest traders may use it as an opportunity to cash out free offers immediately.

% of deposit or “deposit match”

This is the traditional binary option bonus and is usually given as some free money to trade with according to some percentage of the deposit. This bonus is applied to the account after the trader has deposited his initial investment.

For example, assume that the broker has a policy of a 50% welcome bonus to the client. In this event, if the client was to deposit $250 with the broker, they would be entitle to request the 50% bonus is applied to their account. This would mean that they have an additional $125 which they are now entitle to trade with.

If the deposit was a 100% bonus then the trader would have got another $250 to trade with which would have meant $500 starting capital.

Risk free trades

As the name may suggest, a risk free trade allows the trader the opportunity to trade for a number of free trades on the broker. If the client loses the trade, then they have not lost any money. If the client wins the trade then they are entitle to the winnings. One can think of this in the same light as one would a free bet in sports betting.

This form of bonus is sometimes quite preferable for the trader. This is because the terms attached to the bonus are usually way less restrictive than deposit match types.

The number of risk free trades offered by the broker will vary but is usually between 2-5 risk free trades. Obviously, however many risk free trades that the trader is given increases the restrictiveness of the terms that are attached to these trades. The more risk free trades that the broker offers you the more likely it is that they will request some turnover requirement.

Binary options no deposit bonus

Unlike the other two bonuses above, the binary options no deposit bonus will be given to the client without any funds having being deposited. Obviously, for a number of traders this may be an attractive option as there may truly be no risk involved in taking it. This may indeed be true but like all the other bonuses, there are usually conditions attached.

These terms and conditions will limit any withdrawals until a large amount of turnover volume has been met. They will usually also require these terms to be met within a relatively short period of time before any withdrawal can be processed.

Binary option no deposit bonuses are also usually quite small and most are capped at $100. This means that it is unlikely that the trader will be making a large amount of money and being able to withdraw that easily in the near term. These are also quite rare these days as traders find it hard to distinguish between a live account with a no deposit bonus and a demo account.

Bonus terms and conditions

As mentioned, where the bonus usually loses some of its allure is when you are made aware of the terms and conditions that are attached to them. As with most things in life, reading the fine print can be one of the most effective ways to avoid being tripped up.

These terms and conditions usually have a few restrictions in some form that they apply. As you can see, broker terms can be quite restrictive and it is a good idea to read them thoroughly before you decide to invest money and take the bonus. Below is a sample of some bonus terms from the T&cs of a binary options broker. We have highlighted the important sections which give information on the bonuses.

These binary bonus conditions usually come in the form withdrawal restrictions and time limits. In the latter case, the broker requires the trader to meet the trading conditions within a certain time frame in order to even have the benefit of the bonus. In the former case, the funds cannot be withdrawn unless turnover conditions are met.

Trade volume

With this bonus restriction, clients are unable to withdraw the bonus or profits associated with it unless a certain minimum trading volume has been met. This is usually based on a volume requirement and is a multiple of either the bonus or the bonus plus the deposit.

In other words, if there was a 25 time turnover requirement on the bonus, you would have to trade 25 times the bonus in total volume before you could consider withdrawing. For example, if you deposited $250 and got a $250 bonus, you would need to hit trading volume of $6,250 before you were eligible to withdraw it. Of course if the terms stated that the turnover was on the initial deposit plus the bonus it would be based on the $500 which would mean a turnover of $12,500.

This trading volume number varies quite a bit and can be lenient with only 10x or something quite high being as much as 40 times. Although bonus terms may seem quite harsh at first, one needs to also consider that the trading volume includes winning and losing trades. Hence, if the trader is indeed doing well on the bonus money then this counts toward the turnover number.

Time requirements

Although less rare than trade volume restrictions, some brokers have time limits (or a combination of both). These usually require the trader to make a certain number of trades within a certain period of time. This could range from one month to three.

Although some traders may find that the time requirement is less stringent than the turnover one, this is sometimes misleading. This is because the time requirement forces the trader to place a certain amount of trades in a limited period of time. It forces them to change their trading strategy and this is not always the best outcome.

At least with the turnover requirement, the trader is not forced to complete these trades within a defined time period. The trader will only be trading in market conditions which they are certain will result in a more profitable outcome.

Deposit lockups

These are usually some of the most unreliable proposals that we have seen. It is usually also this type of restriction which trips up new traders and leaves them feeling scammed. With a deposit lockup, not only are you not allowed to withdraw the bonus and the winnings, but you are also not allowed to withdraw the initial deposit.

This means that until you have met your turnover requirement, you are not even allowed to withdraw the deposit. We have not found too many brokers who will do this but the less honest ones are sure to apply this type of bonus. This is because a deposit lockup bonus is for all intense and purposes, an opportunity for the broker to take the client’s initial deposit.

Why are there bonus restrictions?

Bonus terms really are an unfortunate by-product of receiving so called “free money”. Although traders can view them as a way in which the broker can tie them down to some degree, one can understand a brokers need for some degree of restrictions. Without them, there is no way for the broker to stop traders who request a bonus and then immediately withdrawing.

However, it is no secret that very strict requirements are a way in which the broker is able to ensure that the client will never meet the requirement. The client will keep trading for as long as they can to meet the requirement. If the broker is indeed dishonest, they will adjust this risk such that the client will eventually lose their entire deposit. We have covered this and a number of other binary option scams previously.

Binary options bonus regulations

Even though a trader should take responsibility for their own decisions when it comes to accepting a broker bonus, the regulatory agencies are of the view that the more novice traders require some sort of protection from broker bonuses. It is for this reason that cysec decided in 2016 that they would like to eliminate broker bonus offerings for those that they regulate.

Cysec is the cyprus securities and exchange commission which regulates a number of the binary options brokers who operate in europe. We have covered cysec binary options regulation before but this was a relatively new directive which was aimed at curtailing the practice of unrealistic bonuses.

This was also done in a conjunction with a directive to limit leverage on CFD accounts to 50:1. Although this means that brokers who are regulated by cysec cannot legally offer these bonuses anymore, there are no such restrictions in place for those brokers who are regulated by other bodies or even those that are unregulated.

Should you take a broker bonus?

This is usually quite a contentious point. Although “free” trading funds is always a good thing to consider, it should only be taken if the trader is 100% certain of the requirements involved and is also confident that they will meet those requirements.

The trader should not be blinded by the prospect of a giveaway and should make the decision based purely from an analytical perspective. Only traders who have traded before and know the volume that they can realistically trade together with the time in which this can be done should take a binary option bonus.

Moreover, if you are a trader that is considering taking a binary options broker bonus, you should discuss the terms of the bonus with the broker on email. You should confirm on the record with the broker that these are the terms to which you both agree. It would also be prudent to take a copy of the terms and conditions on the website and save it as part of your own due diligence.

Alternative options

Indeed, there are other options that you could consider should you really want to take advantage of broker giveaways. One of the most common that most traders take advantage of is no strings attached free demo accounts. These entitle the binary options trader to trade with the demo funds.

Unfortunately, demo funds and the profits associated with them cannot be withdrawn. However, this is a good opportunity for the trader to practice their trading skills before they actually consider investing any of funds with the broker.

Of course, the benefit of the demo account is that it is free. This means that the broker should not ask the trader to deposit any funds before they are given the benefit of using the demo account. If the broker asks you to do this then you should consider this a red flag .

Once you have honed your trading skills, you could consider moving onto a binary options no deposit bonus. This is a nice transition between the demo account and the live account. There will be considerably less pressure on the trader when they are trading on a broker bonus compared to trading funds actually invested.

Binary option bonuses

A binary options bonus is a type of welcome bonus that a broker gives you for adding funds to a new account.

As with anything “free,” terms and conditions do apply, so make sure you read the fine print before depositing any of your hard-earned money into a brokerage account for binary options trading.

Bigger isn’t always better, so this brief overview will show you what to look out for before you accept a binary options bonus.

The best binary option bonuses of 2020

Types of binary option bonuses

As you know, binary options bonuses can come in a variety of rewards. We’ll cover the most common:

Welcome bonus

Also called a deposit match bonus, this type of welcome bonus gives you a percentage of your first deposit as additional funds to trade.

No deposit bonus

Risk-free trades

On the other hand, if you profit from the free trading, you get to keep the money. Often, a binary options broker will give you anywhere from one to five risk-free trades.

Again, read the bonus terms and conditions associated with risk-free trades. Most commonly, you have to enter into a high number of trades with your profits before you can make a withdrawal.

How a binary option bonus can help you

It is also worth shopping around because generous bonuses with few strings attached can signal that you’re dealing with a superior broker.

Terms and conditions to be aware of

The fine print of the terms and conditions can be enough to make you lose faith in humanity if you’re not careful.

While most of these brokers are above board, there are a few brokerages that are borderline criminal.

Withdrawal restrictions

Don’t be surprised if a broker’s terms dictate that you can’t withdraw your money until you’ve met their turnover requirements.

Turnover is expressed as the number of times your deposit or bonus must be traded before it’s eligible for withdrawal. The range is usually between 10 and 40, with an average of about 20 to 25.

For example, if your bonus amount was $100, and the turnover was 20, you would have to execute $2,000 in trades before redeeming your bonus for cash.

Locked-in deposits

Payments

Drawbacks of binary trading bonuses

Once you understand how restrictive these deposit bonuses can be, you might want to avoid them altogether.

In addition to being familiar with the terms that can trap you (and your money), it’s also crucial that you’re aware of the actual drawbacks of a deposit bonus and how they can affect you.

Trade minimum

If you’re not a high-volume trader, it could take a while to get to this point.

Time limits

Withdrawals

They force you to meet all the conditions pertaining to their deposit bonus before you can withdraw your original funds.

Why do brokers offer binary option bonuses?

Cysec regulated brokers and bonuses

The bottom line

Now that you know how binary options bonuses work, you might be wondering if you should avoid them altogether.

Binary options bonuses 2020

The best binary options brokers are not hard to find, and once you discover your favourites, you will also be offered the best binary options bonus types, as well. The two things are, of course, logically dependent on each other, but only a well-prepared trader can realise the full benefits of them. Don’t rush to look for the best binary options bonuses, it’s much better to read our ultimate and specially tailored guide first. Thus you will guarantee your binary options trading experience fantastic conditions to progress and possibilities to earn even larger final outcomes.

The truth behind the connection between binary options bonuses and best binary options brokers

Every trader must consider the connection between the bonuses and binary options brokers. There are many theories that discuss it, but is not always simple to arrive at a definitive conclusion. To some traders – mostly the beginners among them – the best binary options trading sites do offer the best binary options bonus types as a rule. But accepting this as an axiom is not very clever. Both things might depend on each other, but it is not mandatory to be on the same high level we are all looking for, when it comes to profitable and reliable trading activity. Indeed, all good and high quality brokers provide an excellent environment for trading with binaries – including an intuitive platform, great package of extras and conveniences, as well as fantastic bonus system types in most cases. So if you have found a nice platform to trade on, there`s also a strong possibility that it will offer good bonus types, too.

What is a binary options bonus?

Now, a few words about the meaning behind binary options bonuses in general. It is extremely important for any trader to be aware of its nature. Thus, you can use the bonus in a proper and most beneficial way. After all, let`s not forget that the binary options bonuses are one of the top factors that might increase your profits. In short, the binary options bonus is a type of a bonus that is quite similar to the rest of financial trading bonus types – including those in the forex market. The bonus is a promotion or special offer that is individually established by each particular brokerage company. Even though the binary options types are standardized – no deposit bonus, welcome bonus and etc – their amounts are customised by the individual websites. So when it comes to the best binary options bonus on the web, we consider its value, as well as the number of the types of bonus on a platform. It is also important to know that different binary options bonus types have different terms and conditions. These are particular rules as to the application of each promotion. Some of these terms and conditions also include information about the withdrawal procedure for the bonus. Make sure you have read these specifications before claiming and using the binary options bonuses.

What are the available binary options bonuses today?

As we have already mentioned, the best binary options bonuses are those with biggest values and they appear in brokers that in general provide different types of promotions. So let’s discuss these types. Find out what the available binary options bonuses are today:

Best bonus offers from binary options brokers

No deposit bonus

No deposit binary options bonus type is considered to be the most beloved and preferred one among the entire trading audience. It is a bonus that is given in a form of free money by the brokerage company. The best thing about the no deposit bonus in binary trading is that you receive this free money with no obligation to make initial deposits. The only thing you must do is to make an official registration in that particular binary options broker. This eventually means that only newcomers, but not regular customers, on a website can claim a no deposit bonus. Last, but not least, know that a no deposit binary options bonus is always a particular amount of money – ranging from $10 to $100.

Welcome / first deposit bonus

Regardless the name it is called with, this binary options bonus type requires each newcomer in a trading website to make an initial deposit. This initial deposit has always a minimum value – generally ranging from $10 to $1000 according to the type of an account you open. So once you make an official registration, open an account and make your preliminary investment, you are rewarded with welcome / first deposit bonus. It is measured in % – from 20% to 100% – and it is based on your first deposit amount.

Reload bonus / cash back bonus

Both refer to the binary options bonuses that are provided for each subsequent deposit made by a trader, who is already a customer of a broker and who has already made his first initial deposit. The essence behind the reload/ cash back binary options bonus is similar to the previous bonus type – welcome / first deposit offer.

Risk-free / cash out bonus

This bonus is not offered very often, but it is appreciated just like the best binary options bonus – no deposit. According to the risk-free / cash out bonus, a trader is offered a scheme that reduces the threat of losing too much money and increases the chance to win more. A brokerage simply covers the losses made by a trader and doubles its winnings. In most cases, this binary options bonus type is offered to newcomers that are still in their beginning and learning stage.

Demo account

We consider the demo account as a type of a bonus, too, and what is even more interesting is that it is quite comparable to the risk-free binary options bonuses. The only difference here is that no winnings are doubled, but yet the losses are entirely covered by the brokerage. The thing about the demo account is that it allows the trader to make trades in a real environment, but without investing his own money. It is a way for the trading community to practice on a trading platform. Moreover – it is an opportunity for the customer to test the binary options broker and to see if it suits his needs and preferences.

Mobile binary options bonuses

Mobile binary options bonuses are the same bonuses we have already listed, but provided for mobile customers. To stimulate the audience to trade through the mobile software version, the broker offers the same bonuses – for a second time – to the trader once he becomes a mobile client.

Refer a friend

This is also an excellent binary options bonus type and in many websites you can find it as a special program, not a promotion. Though, refer a friend offers you a kind of a bonus, too – either as a particular value, or as % of the first made deposit by the referred friend. To receive such a bonus, simply refer a friend to the brokerage website you are trading in. Note that most websites do reward both of the customers – the referral and the referred one.

Special binary options bonuses for loyal customers

You will have to become an advanced trader and a regular customer of a broker to receive this bonus. It can be a specially tailored and individualized program with many extras, conveniences of privileges given to a loyal trader. Keep in mind that binary options brokers sometimes do not announce this bonus directly on their websites, and you will have to individually claim for it, when you reach a certain experience level.

How to find the best binary options bonus?

Follow these simple and quick steps to reach the best binary options bonus on the web! Have patience and remember that you will need some solid experience before becoming capable to find the best promotions:

Use the search engine in your browser – simply, insert the keywords “best binary options bonus” and see the results.

Undertake research via the web by reading binary options trading forums and groups in the social webs.

Ask a friend or get recommended by a person who is more experienced in binary options trading.

Read our detailed binary options reviews.

Good luck with your search of the best binary options bonus types ever!

No deposit bonuses

Many brokers offer bonuses, but they take many forms. Most offer a matched deposit bonus which involves making a deposit and having it matched by the broker. Not all bonuses require a deposit however and many brokers now offer a no deposit bonus. This means you can simply register and receive your bonus.

As you would expect this type of bonus is the preferred choice as it allows you to start trading without risking your own money. Being, you may sometimes make mistakes as you get used to what works and what doesn't. By using the free bonus funds, you can make these mistakes knowing that it isn't going to cost you personally.

Before you start trading you want to ensure that you find a broker that ticks many other boxes as well as offering a no deposit bonus. This process can be time-consuming and requires typically much research but don't panic; we are here to provide our expertise and wisdom to assist your decision.

In this article, you will learn:

Top rated options sites

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

How to use your bonus

So, you have signed up to your binary options trading account and received your no deposit bonus. Now you need to make sure you spend it wisely. Let's take a look at the best way of using the bonus:

Get familiar with the platform

You may choose to use the funds to get familiar with a platform and try out both the web platform and the app. Making sure that you are happy using the platform in a live trading environment will ultimately improve your trading experience. While many brokers offer a demo or virtual account, which you should take advantage of, it's never quite the same as trading for real.

Place your first trades

Nothing beats the buzz of trading using the live environment. Take this opportunity to place a few low-value trades with no risk. Using the funds wisely on small trades will allow you to gain real experience and reduce your risk of making mistakes when you start to trade with your own money.

Be patient

Some traders who trade wisely and play the long game can make the bonus money go a long way and build up a decent amount of capital without it costing them a penny. The long game method takes patience, a strong will and careful, calculated trades. If this sounds like you then you could benefit enormously from a no deposit bonus.

Build your confidence

For those of you who are a little hesitant about trading and want to build up your confidence this type of bonus allows you to make your mistakes while learning. You may be undecided on which assets to trade on and be struggling to make a choice between gold and currency for example. Using the bonus to trade on both will allow you to decide before you start trading with your own money.

A no deposit bonus is an excellent introduction to trading for new traders or those looking to switch brokers and try a new platform. It allows you to familiarise yourself with the various aspects of trading before you risk your own money.

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Why brokers offer deals

It may seem like an offer that is too good to be true but why do so many brokers now offer a no deposit bonus? Well, the answer to that is quite logical and straightforward. By providing funds to new account holders, the binary options trading broker is minimising the risk to the trader, therefore, enhancing their chances of that trader opening an account with them. Just put the trader is getting something for nothing and can dip their toe in the water without it costing them anything.

You may be considering entering the field of binary options trading and be keen to trade on a specific asset. You may be studying and researching the types of trade that you want to make and how often or how much you will be trading. As keen as you may be you are probably feeling wary of risking any money without knowing what you are doing. If there was a way to try before you buy you are much more likely to take advantage of this.

After experimenting with binary options no deposit bonuses, traders are more likely to continue trading and start investing their own money, developing advanced techniques and strategies. Brokers essentially want people to trade with them, and by offering such a low-risk incentive, the account holder is more likely to choose to trade with them and make a deposit to their account. It's an investment by the broker into potential account holders.

Bonus information overload

Finding and choosing one broker is complicated enough but if your brain is whirring now with the possibilities of signing up to multiple brokers to take advantage of numerous bonuses then stop and consider how beneficial it may be in the long term. If you are new to trading and keen to learn the ins and outs, you will find that signing up to multiple platforms will lead to confusion and perhaps not be as helpful as you may think.

Each binary options trading platform is unique and offers different trading features. Each mobile platform will be different, and the layout of where to find things won't always be the same. Some will have apps to download, some won't, and some won't even have a mobile responsive website.

Signing up to multiple platforms will mean you have a lot more information to take on board and a lot more factors to consider. We recommend finding one broker by using our helpful reviews and guides and getting to know that platform. Spend your time getting to know everything you can about that particular platform and how to navigate around it.

This means you can simply register for your account and receive your bonus.

We show you the best deals

We have done a lot of the work for you by bringing you only the best when it comes to binary options trading brokers, but there are some things you should look out for if you decide to do your research. Being attracted by the bonus alone is not a reason to choose a particular broker.

Some so many brokers offer these no deposit required bonus types that you are spoilt for choice so what can you to narrow your selection?

We have researched the market place and looked at many of the bonuses on offer from various brokers to bring you the best choices when it comes to the best option for you. We use our extensive knowledge and experience to review each broker and each aspect of what they have to offer. By doing this, we help you make an informed decision giving you a better trading experience.

Binary options bonus

A bonus could be a promoting incentive offered by a broker to influence a dealer to register a live cash account with them. They extremely FREE cash was given to the broker in exchange for either notifying or finance your account.

Previously, bonuses weren't existing within the marketplace for binary options, however as competition became more durable between the assorted brokers, several of them started giving the primary deposit bonus as a method of attracting new customers. This is often why several brokers currently supply a sort of bonus or the opposite for every new client.

Binary options no deposit bonus

Nowadays, binary trading has become a really common style of investment, which suggests that additional and additional binary broker’s area unit change of integrity the fold daily.

Today, the majority brokerage corporations within the binaries business supply some quite bonus or the opposite, either for brand spanking new customers or returning customers.

What is actually binary options no deposit bonus?

A binary options no deposit bonus is a forex welcome bonus. The brokers give the bonus for join with them, which directly deposited brokers trading account without any kind of initial deposit. So, without thinking we can call it is a good chance to gather real-life trading experience with various brokers and platform ideas.

Importance of binary options no deposit bonus

Actually, the no deposit bonus is really important for a newbie. When they have come in the first market or first trade, they are really very worried. How to start, how will it be? Therefore, they have made a bad for mental pressure. But, when he is free from pressure, then he feels it easy. He is very must interested to get the benefit. For this reason, anybody starts trading without invest own money and can do soothing better. I hope you understand why a no deposit bonus important.

Basic information of binary options no deposit bonus

The no deposit bonus condition always depends on the individual brokers. But some common characteristics carries:

Binary option no deposit bonus is always welcome deposit bonus.

The only way to get the bonus is to sign up with a broker.

The binary options bonus is one time accessible for one time.

The bonus is not possible to any kind internal transfer.

Of course, the bonus is for trading function only as means can’t be withdrawn.

After trading, if you can be made bonus profit, the profit is withdrawal.

General example to get a binary option no deposit bonus

Every bonus has some basic terms and conditions and some steps to get a bonus. This is one:

Simply register or open an account.

Verify your account with correct data and fill the required information field.

If have the condition that you need to send a request for the bonus, send a request to get the bonus otherwise the bonus will automatically be added to your account.

Start your trading, after made profit you can withdraw the profit within limited times.

Please, read every bonus terms and condition very carefully.

Which is better binary options deposit or no deposit bonus?

A bonus is a bonus. Bonus means some extra for you. The no deposit bonus is a good way to start binary options trading. Brokers offered the bonus to join more customers and deposit bonus is for stay with them. Those two bonuses benefits for a broker not for you. But, but it’s sure that both bonuses are a good chance for you.

Three major FAQ:

All are no deposit bonus trusted and safe?

The bonus is not fact! Just chose a safe bonus, trustworthy brokers safe for your funds. If a broker is good then the bonus may be trusted and safe. To choose a safe broker you may visit our broker's review or best brokers page and must compare them.

Can I withdraw the bonus profit without any problem?

Yes, why not! If you can compete profit withdraw requirements like times (example 1month), minimum trading lots and without any restriction of your account then you should.

Can I get the no deposit bonus more time?

No! You cannot do it. The no deposit bonus one time for one account. But you should get it by opening accounts in another trading platform. If your first account in MT4 platform then you can open another account on the MT5 platform. In that case, before opening another account, check that on another platform the bonus is available or not.

Binary option no deposit bonus

One of the first things you will know is that many brokers offer a binary trading no deposit bonus. This means that you will not have to deposit any money to obtain started as a binary options trader. Obviously, this is an tremendously attractive proposal for possible traders.

As professionals in the trading area, we have utilized all of our knowledge and skill to offer you with a top lead to the best binary options no deposit bonus offerings from brokers. This will help you get to grips with how binary options no deposit bonuses work, and how you can decide the broker and bonus which works best for you and your trading style.

What is a binary options no deposit bonus?

A binary trading no deposit bonus is one of the most common things you will come across when getting started in binary options trading. At its core, this is a entirely free amount of money to begin trading with and requires no deposit to get started. It is an excellent way for brokers to pull towards you customers, and allows traders to get started with live trading without any first funding.

How does a no deposit bonus work in binary options trading?

The workings of a binary options no deposit bonus are fairly simple from the outset. This is a free bonus which traders can receive simply through a confirmed registration on a binary trading site that offers it. The move is risk-free for traders, and an ideal way to begin live trading without a financial risk, meaning a shift for traders in terms of risk/reward ratio. The bonus is characteristically credited to the account upon verifying your ID and residence documents for trading.

Typically, these types of binary bonus options are offered to new traders up to the value of $100 as a binary options no deposit welcome bonus. Sign-up bonuses will typically range in value from $10 to $100.

The terms and conditions applied to these kinds of no deposit bonuses are known to be very preventive. This makes it very hard for traders to really benefit from no deposit bonuses in a significant fashion, other than to treat them likewise to as one would a demo account with a forex broker.

The main differences between no deposit and deposit bonuses :

As popular as free binary trading no deposit bonus offerings are, there are also other bonus types. The main option bonus type offered by binary trading brokers are deposit bonuses. These often come in the form of a deposit match bonus, and be different in several ways from the no deposit options.

Deposit requirement :

One of the key elementary differences when it comes to a binary options deposit bonus is that clearly, a deposit is necessary. This is not the case with the no deposit binary bonus options.

Bonus size :

The characteristic bonus size when it comes to no deposit bonus options are between $10-$100. Some can get a larger binary trading no deposit bonus, but these should be viewed with some caution. Deposit bonuses on the other hand can regularly reach as much as $500, thanks to deposit matching.

Fixed amount vs changeable percentage :

As noted, the nature of binary option bonus no deposit types is that they are a fixed sum. This is the result of them not being reliant upon deposits. Deposit bonuses in binary trading in the meantime can range between 5% – 50% depending on your broker and conditions.

Trading and withdrawal conditions :

Trading necessities and withdrawal conditions are usually very tough for both deposit types. These may contain specific limitations on when bonuses can be withdrawn. The conditions on even the best free binary trading no deposit bonuses are often particularly tougher. You should cautiously review the terms and conditions prior to compliant any bonus. This may fundamentally make entering and exiting trades much more not easy than usual.

How to claim A binary options no deposit bonus :

The steps concerned in choosing your ideal no deposit bonus binary options are fairly simple, even if you have never traded before. There are just a few basic points to follow and you can rapidly and easily learn how to make money from binary options with your new no deposit bonus.

Choose a reputable broker :

There are many binary trading brokers out there. Performing sufficient due assiduousness and study will be vital to your success. In spite of the enticement, you should resist headfirst in with the broker who offers the most good-looking no deposit bonuses. A proportionately more beautiful bonus offering can be indicative of tougher bonus limitations and trading conditions on a binary trading platform.

Register and verify your account :

These steps will also be necessary to claim your binary trading no deposit bonus. Registration is usually a simple and fast process, and ID and proof of residence confirmation can frequently be completed by automatically uploading the necessary documents.

Thoroughly read terms and conditions :

Before tolerant any binary options no deposit bonus, you should take an in-depth look at the terms and conditions to ensure that bonus trading targets and conditions are both obvious and attainable.

Start trading :

Once you have finished these steps and are pleased, you are ready to begin trading with your binary options bonus and implementing your trading theories, no deposit necessary.

The pros and cons of A binary options no deposit bonus :

As with all forms of trading and bonus offerings, there are advantage and disadvantages associated with binary options no deposit bonus offerings. These should all be in use into deliberation before deciding to connect in binary options trading.

Pros :

No financial outlay :

A binary trading no deposit bonus efficiently gives you a free chance to begin trading with no risk. In spite of how preventive the trading terms may be, this is an excellent chance to learn more about the binary options trading market.

The ability to learn and experimentation :

There are many similarities between the no deposit bonus circumstances and trading through a demo forex trading account with a top broker. You have the same capability to experience live market trading conditions at no risk, allowing you to expand your trading style without fear of costly mistakes. This educational experience is important in all types of market.

Cons :

Terms and conditions can be so preventive with binary trading brokers that realizing any real benefit from your no deposit bonus becomes highly demanding, if not impossible. This is why you will need to cautiously look at the terms prior to committing to a exacting trading broker.

Impractical turnover rates :

The trading terms and conditions mentioned can often see no deposit binary bonus offerings withdrawn in an irrationally short period of time, or requiring impractical turnover rates of as much as 20-30 times the bonus amount before profits can be withdrawn.

Declining popularity :

The fame and use of no deposit binary options bonuses has mainly been on the refuse from major binary trading brokers. This is due to the fact they have been largely unproductive in attracting traders, often due to their highly warning trading conditions.

As the fame of no deposits bonuses has waned, they have often been replaced by “risk-free” trades. These are trades which can be placed and refunded to the trader in the event they are ineffective.

Finally, the stipulation of a binary options no deposit bonus can be a positive thing, as long as the trading conditions are somewhat positive, or at least attainable for you. You should also always be obtainable with an opt-out option, and not feel overly pressured to contribute in bonus trading. Binary trading sites who promote their offerings through force and over-enthusiasm should be treated with caution and cynicism.

Conclusion :

Forex brokers are firmly regulated and offer you reward that binary option traders do not. If you think forex trading could be for you, check the list of recommended brokers and get into the thrilling world of forex today.

Binary options bonus

What is a binary options bonus?

Types of binary option bonuses

% of deposit or “deposit match”

If the deposit was a 100% bonus then the trader would have got another $250 to trade with which would have meant $500 starting capital.

Risk free trades

This form of bonus is sometimes quite preferable for the trader. This is because the terms attached to the bonus are usually way less restrictive than deposit match types.

Binary options no deposit bonus

Bonus terms and conditions

Trade volume

Time requirements

Deposit lockups

Why are there bonus restrictions?

Binary options bonus regulations

Should you take a broker bonus?

Alternative options

7 binary options

Bonus incentives in binary options trading

With a binary options bonus, you can trade with extra money. Some brokers will give you a bonus without a deposit required first and you can start trading freely with it. But most give you a bonus as a percentage of your deposit added to your account (called a deposit match bonus). (and even those who offer it for free will still require you to make a deposit, among some other rules, before you can withdraw any money won).

Binary options brokers offer bonuses as an incentive to attract new people to trading on their platform (or entice old users who’ve drifted away to come back). These bonuses can come in several forms: from the deposit match bonus, or risk-free trades, to more complicated packages, technological gadgets, or extensive training help.

In this guide, we’ll list and compare bonuses and go over some of the most common types. You’ll get a better idea of the right time to take a bonus. We’ll also explore some key aspects to make sure that any bonus you want to take offers a real advantage to you.

Too often, however, bonus incentives in binary options turn into a headache and frustrate traders. So you’ll also discover some pitfalls to taking bonuses and why you might want to refrain instead.

Binary option bonus types

When a trader decides to take a bonus on a binary options platform, they do so with the intention of using those additional funds to make more trades without parting with more of their money. Or they try to lessen their own personal losses should they suffer any.

Most brokers offer a welcome bonus (which they’ll sometimes call a sign-up offer) intended to persuade new traders to register with that particular brokerage company. In addition to deposit match, you’ll also see the following:

No-deposit bonuses

Risk-free trades

Refer-a-friend bonuses

Prizes

Hardware

Educational material or courses

Bonuses, particularly the monetary kind, always have certain terms and conditions you have to meet. In them, you’ll find the most important points for comparing bonuses. And these are where traders can often find themselves getting tripped up if they don’t read and fully understand the requirements.

Say for instance, that one broker offers a large bonus that really catches your eye. Another broker, however, offers you a smaller bonus that you might want to dismiss on sight. But the smaller bonus might come with no strings attached, whereas you’ll have to meet some very strict terms and conditions to get access to the larger bonus. So bigger isn’t always better in binary options bonus world.

Refer-a-friend bonuses

You get rewarded this bonus when you recommend a friend who registers and makes a deposit with the broker site. Afterward, you either get a specific amount of money or a small percentage of whatever your friend deposited.

This type of bonus also comes with additional requirements or a higher turnover necessary to receive it. So before you accept it, make sure that you understand those terms clearly.

Deposit match welcome bonuses

Brokers most commonly offer the deposit match as their welcome bonus. Let’s say you want to open an account as a new trader. Your first deposit triggers the release of the bonus offered as you request, which usually equals a percentage of the funds you deposit. Maybe the broker agrees to match 50% of your deposit. So if you funded $300 into the account, then the broker adds another $150. Now your total account equals $450.

No-deposit required bonuses

This bonus clearly states what it’s all about. You get a bonus credited to your free account without needing to deposit any money. It sounds like a dream, right? With this type of bonus, you really need to read the terms and conditions because it can be a nightmare in disguise.

An account with a no-deposit bonus behaves essentially the same way as a free demo account, except you do get to make live trades with it. But you’re unlikely to meet the strict criteria necessary in order to withdraw funds used to win trades with that bonus money.

No-deposit bonuses typically require you to make a higher amount of trades (or a certain turnover threshold met) within a certain timeframe before you can withdraw any money…including any of your own funds deposited afterward! You can see high trade amount requirements like 200 trades needed. Or perhaps you’ll need to meet a high turnover rate, like trading 40 times the deposit bonus amount.

And a broker might also require you to deposit money before you can withdraw any winnings you’ve earned using the no-deposit bonus. Regardless, you could spend a long time trying to meet these demands and that’s assuming you don’t end up wiping out your account beforehand. In that situation, you’d have been better off not taking a bonus at all.

Despite seeming like the broker has an unfair advantage with this type of bonus offer, brokerage companies rarely offer no-deposit bonuses because they don’t actually work well for them either. So they’ve shifted away from this to offering risk-free trades instead.

Risk-free trades

Risk-free trades represent another and newer type of simple bonus that brokers offer. And what makes them intriguing to traders is their less-restrictive conditions.

With a risk-free trade, you have the opportunity to place up to a certain number of trades and not have money taken from your account due to the losing ones. If a risk-free trade you execute loses, then you lose nothing (as if you never made the trade to begin with). But if it wins, then the profit gets added to the funds in your account.

Typically, you’ll see offers of three or five risk-free trades. But the more trades you can take without risk, the more conditions you must meet. One risk-free trade may have a stipulation allowing a payout of cash available for immediate withdrawal. But numerous trade offers without risk can result in terms such as trading the winning amount a specific number of times before you can withdraw it.

Bonus terms and conditions

You’ll need to keep a look out for certain issues when doing your bonus comparison. You can find them somewhere within the broker website’s terms and condition. But we’ll list some of the ones to check for yourself when you read the small print.

Restrictions on withdrawals: just about any bonus you take contains some withdrawal caveat. Turnover requirements are typically, and some come with a time limit restriction as well. More stringent terms come with larger sums of bonus money. For example, a $50 bonus offer may require you to trade $1,000 worth of money (equaling a 20x turnover rate).

Deposit lock-in: some bonuses don’t allow you to withdraw any money until you meet all the terms. That includes your initial deposit as well as the bonus money. Of course, this puts you as a trader at a big disadvantage. While rarely offered anymore, some brokers still do. Avoid them at all costs!

Bonus payment distribution: some brokers combine the bonus with your deposit into one singular amount. Others, however, will separate bonus funds from your deposited money. The latter situation usually offers a better opportunity to meet all conditions and allow you to withdraw it.

Risk-free winning trade payments: do you receive any winnings from risk-free trades in the form of cash into your account? Or do these funds get added as bonus money instead (and usually with separate requirements necessary for access)?

Claiming bonuses at the right time

If you think the right time to claim a bonus is always when making your first deposit, think again. With some brokers, you may want to reject any bonus offer and only deposit the minimum required to fund your account. This way, you can test out the platform with real trading. See how it goes before committing to their trading requirements for the long-term in an attempt to get everything the bonus has to offer.

Have you tried automated trading yet?

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Then, after some time has passed, contact your broker and try to negotiate a more favorable bonus offer in exchange for making a larger deposit. The larger this deposit, the more open the broker will be to negotiating and therefore, the better the terms of fulfillment for you.

But perhaps you don’t want to go through all that hassle. If so, just stick to carefully researching the requirements necessary for any bonus offered. Ensure that you can comfortably fulfill them in line with your trading habits. Especially pay attention to turnover conditions and time restrictions for limits that need to be met.

Rejecting the bonus offer

Brokers like to persuade new traders to sign up and fund accounts with their company through the use of bonuses. And everyone wants free money, right? But with binary options, the money may not always come free.

So don’t feel obligated to take one just because they offer it to you. You can have several reasons for rejecting it. Below are just some of the reasons why that so-called free money may actually come with a price.

1) you’ll often come across broker websites offering $50, $100, even $200 for free when registering an account with them. Despite the promise of no payment needed, they still may force you to deposit money anyway to get access to the bonus money. And you’ll have to meet other requirements as well.

They may throw in an additional bonus too when you make that deposit, increasing the number or severity of conditions you must meet to withdraw the bonus(es). So make sure you understand what’s required of you before signing up. Contact the site for clarification if you need it.

2) bonuses often increase the difficulty of withdrawing funds from your account. Shadier brokers will prevent you from taking out any money unless you meet their minimum trade limit. That includes not just the bonus or any deposit you’ve made but also any profits from winning trades using the bonus money.

And if you make a request to withdraw prior to meeting all their bonus terms, you might forfeit the bonus and any profits made with it. In fact, some sites state upfront that they won’t even give you the bonus money, just any profits made from trading with it after you meet all requirements.

3) trade minimums for bonus access come with the territory but some are really high. It represents a certain dollar amount you must trade with before you can withdraw the bonus. Brokers use a formula to come up with this number. They usually base it on the amount of your initial deposit plus any bonus you’ve accepted. Therefore, if you deposited $400 and accepted a $100 bonus then $500 determines the minimum trade amount you’ll need to reach.

This minimum usually sits somewhere between 20 and 30 times the entire account value after the initial deposit. Some brokers, however, have it as low as 10 and as high as 40 or 50 times that. Meaning that an account with $500 must trade between $5,000 and $25,000 to access the bonus amount. And if you trade 1% of your account per trade, like most experts advise, then it could take you as many as 5,000 trades to qualify.

You can choose to trade bigger than 1% of your account, of course. But trading too big a percentage can lose you a ton of your money quickly.

Also, be careful when making your initial deposit. Brokers often apply them to accounts automatically when funded. So if you don’t want that, you’ll need to contact your account representative at the broker site and make another arrangement before giving them money.

4) time limits necessary

Some deposit bonuses come with a time limit attached to them (usually 30-90 days). So you’ll have to reach the trade minimum necessary before time runs out in order to withdraw the bonus money. Imagine trying to trade thousands of times, up to thousands of dollars in a mere 90 days. You can easily feel forced into trading over your budget or breaking the rules of your trading system.

Of course, it could also inspire you to shoot for the moon, trading more aggressively (with larger amounts of money or more often) and putting greater risk on your account.

Looking for the best binary options bonus offer

Finding the binary options platform with the best bonus offer for you comes down to researching each broker’s terms and conditions. And only you can determine if an offer suits you and your trading system.

A large bonus, while enticing, could end up being a waste of time and a source of frustration if you can’t meet their terms without risking your account. A small bonus with few or no requirements, however, can add a nice boost to your account without the headaches.

Any worthy broker will easily allow you to say no to a bonus. Some of them will even let you cancel the bonus while still in the process of meeting the requirements if you want. See any broker who attempts to force you into taking a bonus as a red flag. If it doesn’t suit your tastes, don’t take it.

Some binary options brokers like to offer bonuses to traders who’ve already deposited and traded with them as a reward. But those come with their own terms and conditions too.

These sites also continue incentivizing with bonuses upon sign-up or initial deposit because they know that your average trader will likely lose their money and quit before they can fulfill the terms. High minimum trade requirements and short time limits especially guarantee this. But each broker has different bonus rules so you should do your due diligence and read over them carefully.

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