Iq option welcome bonus

How do you find them? Well, we have done the hard work for you and can share our extensive research and findings to help make your decision a less complicated one.

Top forex bonuses

Bonuses And Incentives, iq option welcome bonus.

Our experienced team have looked at what the market has to offer and drilled deep into each site to come up with a list of trusted brokers. With the trading marketplace being hugely competitive, many brokers are competing for their share of the market and trying to entice you in. Not only do they want you to trade with them but, they want you to keep coming back and so, nearly all regulated binary options brokers offer attractive bonuses.

Bonuses and incentives

Let's be honest, if you are looking to open an account and start trading today why wouldn't you want to take advantage of the best bonus on offer to increase your potential profits and give yourself extra cash to trade with? With brokers offering an array of different deals, it can be confusing to know which one you should choose and why.

With the trading marketplace being hugely competitive, many brokers are competing for their share of the market and trying to entice you in. Not only do they want you to trade with them but, they want you to keep coming back and so, nearly all regulated binary options brokers offer attractive bonuses.

How do you find them? Well, we have done the hard work for you and can share our extensive research and findings to help make your decision a less complicated one. Our experienced team have looked at what the market has to offer and drilled deep into each site to come up with a list of trusted brokers.

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.

Various types of bonuses

Binary options bonuses come in a variety of shapes and sizes. Here we show you the main types offered by many of the top brokers.

Welcome bonus

New users that set up an account and make their first deposit will get a welcome bonus. Often the welcome bonus is the same as your initial deposit or a set figure. It is excellent for the first time trader because you can use the extra funds to gain some valuable experience.

Deposit bonus

When you make a deposit this type of bonus is activated. Users won’t be offered a fixed sum because the premium is a percentage of the deposit. This type of reward is offered to both new and existing customers.

No deposit bonus

Quite simply it is what it says, a no deposit bonus. No deposit bonuses are very popular with newer traders in that there is no financial risk. You register an account and get free money to trade. The broker hopes that once you try it out and enjoy the experience, you will want to continue trading and will make a further deposit so you can increase your scope.

Mobile bonus

In this fast moving technologically advancing industry the race to keep up with the pace of the market means that most brokers now have developed a mobile offering that includes a responsive mobile site and an app. To ensure that use of these trading methods is taken up some brokers offer incentives to customers who trade using the mobile applications.

Alongside these popular options are also loyalty schemes, referral bonuses, retention and re-activation bonuses. All are intended to provide an incentive to attract new customers and keep them coming back to trade.

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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 a bonus helps you

Quite simply the best binary options bonus will help everyone from the novice to the seasoned professional when it comes to trading. Ok so it won't give you a magic crystal ball to predict the outcome, but it does give you a very nice cushion of added money to trade. If you deposit $250 and play with 250 dollars at $2 per trade that's 125 trades. While that is a fair amount of trades imagine how much experience you will gain with double that amount. If you are new to binary options trading, you could use the free 250 dollars to practise with before you start risking your own money.

Once you start trading for the first time or even in a new market, you may make mistakes and make the wrong choices. Once you get used to the site and get more confident in what you are doing the mistakes you make will be less, and you will start to get used to what you are doing.

Now that's not saying that you will be successful every time but making mistakes is ok especially if you have a bonus to fall back on. Making mistakes with the bonus means that when it comes to spending the real money, you should have got most of the beginner mistakes out of the way. We all know that from mistakes come successes, so it's not a bad thing to make them early on.

Bonus cash is excellent to have if you want to experience trading in new markets. You may have experience of dealing in stock but fancy your hand at currency. You can use your own money to do what you know and use the bonus money to experiment in a new market. The only real exclusion is tournaments; in most cases, you can't use bonuses to stake your entry fee there. However, by strategically using your free money to get the new experience you are opening yourself up to a whole new potential profit stream.

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.

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Wednesday, 2 september 2020

IQ option review-welcome bonus 50%

IQ option review

Regulation: cysec

Year founded: 2013

Minimum deposit: $10

Minimum trade: $1

Payouts: 95% max

Assets: over 250+ currency pairs, stocks, crypto, commodities, etfs

Financial instruments: cfds, binary options, digital options

Trading platform: ios, android, windows, and macos

Demo account: yes

US traders: not accepted

IQ option is an online trading platform that allows you to trade a variety of financial instruments including binary options, stocks, forex, etfs, commodities, and cryptocurrency.

This broker was founded in 2013 and is operated by IQ option LTD. IQ option has rapidly become one of the most popular trading platforms for traders across the world with over 48,000,000 registered users and over 1,000,000 transactions per day. IQ option accepts traders from over 213 countries including india, nigeria, south africa, the philippines, malaysia, pakistan, singapore, and many more.

IQ option is based in cyprus and regulated by the cysec (cyprus securities and exchange commission).

In this IQ option review, I'll tell you everything you need to know about this broker to help you decide whether or not this company is right for you.

IQ option trading platform

Unlike other brokers that use a standard trading platform, IQ option has a proprietary custom-built platform to cater to the needs of its users. The platform is very easy to use and is well-designed. It has many useful features including multi-chart layouts, technical analysis, historical quotes, volatility alerts, market updates, stock screeners, economic calendars, and more. It's also available in 13 different languages.

Within the iqoption trading platform, you can trade a variety of assets and financial instruments including stocks, digital options, binary options, forex, crypocurrencies, etfs, and commodities. However, it should be noted that binary options are prohibited in the EEA.

In the image below, you can see that the chart is in the middle. The buy and sell boxes are on the right-side. Your account balance and the asset you're trading is located at the top of the screen.

On the left-side of the platform, you'll see a drop-down box which allows you to choose which financial asset you want to trade. Your available assets to choose from include cryptocurrencies, etfs, stocks, options, forex, indices, and commodities. You can browse assets by category or use their search function to find a specific asset.

On the right side of the trading platform interface, you will have the option to enter the amount you wish to trade and whether you want to buy or sell. You can also enter a multiplier if you wish to multiply your potential profit by a coefficient. However, a multiplier increases the risk as well. You also have the ability to close the trade automatically if the asset reaches a certain threshold that you set forth.

Mobile trading

Iqoption offers clients the ability to trade options and cfds using their proprietary mobile application. The mobile app works on android and apple ios operating systems. It is available for download via the apple store or on google play.

The app is very easy to use and has a very clean and intuitive graphical interface. It has the same charting options that you can find on their regular web-based platform as well.

By using the iqoption mobile app, you can:

Execute trades

Check account status

Stay updated with market developments

Use charting tools

Setup customizable alerts and push notifications

And more

Account types

IQ option has 2 different types of trading accounts to choose from: standard and VIP.

For a standard trading account, just a $10 minimum deposit is needed. Unlike other CFD providers, there are no restrictions on trading functionality. You get access to over 350 assets to trade as well as 24 hour withdrawal processing. You also get access to several trading competitions that are held on the IQ option platform (only applies to customers outside of the EU).

A VIP trading trading account is only available for clients that deposit $1900 or more within a 2-day period. A VIP account includes a personal account manager, monthly reports on your trading records, and 3% in additional returns. VIP accounts are only available to customers outside of the EEA.

IQ option demo account

Like many brokers, IQ option offers a free demo account that includes $10,000 in virtual money. There is no limit on how long you can use the demo account for. This offers you the ability to test different trading strategies and to get familiar with the platform before investing real money. If you run out of virtual funds inside of your demo account, you can have them replenished so you can continue practicing.

You don't have to register or give out your personal information in order to access the IQ option demo. This is not always the case with other brokers, as a lot of companies require you to provide at least an email address in order to gain access to their demo.

Cryptocurrency multiples

IQ option has recently came out with a product known as "cryptocurrency multiples". The product basically works the same as a leveraged trade, where the price movements of an asset is magnified by a multiplier. Cryptocurrency multiples was originally produced with the idea of bitcoin X 100. This essentially increased the price movement by 100X times, which created a large opportunity, as well as risk, for traders.

Due to the popularity of bitcoin X 100, IQ option has expanded the concept to IOTA, ethereum, ripple, and other cryptocurrencies. The multipliers you have to choose from include X20, X50, and X100. However, the cryptocurrency multipliers are only available for citizens outside of the EU.

Deposits

The minimum deposit for opening a real account with IQ option is $10 USD/GBP/EUR. This broker does not charge any processing fees for depositing funds. In order to make your first deposit, you will have to go through an account verification process which might require photo identification. Some countries will have different requirements than others.

For your convenience, IQ option offers many different ways to deposit money into your account including credit cards (visa and mastercard) and wire transfers. This broker also accepts many different E-wallets including skrill, maestro, webmoney, neteller, cash U, and moneybookers. IQ does not accept paypal as a payment method.

Withdrawals

The minimum withdrawal amount for IQ option is $2. In order to make a withdrawal request, you will need to use the same payment method as your deposit because the transaction is processed as a refund. Afterwards, you can choose whichever payment method you want for withdrawals. Bank transfers may incur a small processing fee.

In order to withdrawal funds from iqoption, you'll need to verify your identity. This verification process can take up to 3 days and is necessary to prevent fraudulent activity and to secure your account from unauthorized use.

All withdrawal requests are processed by IQ option within 1 business day. If you request a withdraw to a bank card, it may require additional time depending on your bank.

Is IQ option safe?

Yes, IQ option is safe. This company is one of the biggest and most successful binary option brokers in the industry with over 40,000,000 registered users. They are also licensed and regulated by the cysec (cyprus securities and exchange commission) and the FSA (seychelles financial services authority). All client funds are held in segregated bank accounts for further security. IQ option is also a member of the investors compensation scheme, which protects client funds up to a maximum of $20,000.

Can you really make money with IQ option?

Yes, of course you can make money with IQ option. In order to make a profit, you have to correctly predict an asset's price movement by the time the trade contract expires. IQ option offers short-term trades that allow you to make money within 60 seconds if you predict the market direction correctly. Binary options pay up to 95% profit, while digital options pay up to 900% profit.

Is IQ option A scam?

Absolutely not! As of 2020, this broker has over 41 million registered users from over 213 countries worldwide. The number of active traders is growing every year and there's no signs of that changing. They also process more than 1 MILLION transactions per day.

IQ option is a legit broker and one of the most reputable companies in the industry. Their intuitive trading platform is the best around and we highly recommend IQ option to traders of all experience levels, beginner to advanced.

How to deposit to IQ option

IQ option - is the main system among binary option brokers. IQ option has audience popularity, because the minimum deposit is only $ 10.

IQ option provides a free demo account, and the IQ option platform also may be downloaded to the PC or smartphone as an application. Opening an account takes just a few minutes.

IQ option bonus is also available upon registration if you make a deposit of $ 10. The larger the deposit, the greater would be the bonus. Bonus is added to the amount of your deposit, but it must be traded 25-35 times, before withdrawing money.

If you have a question how do you deposit money to IQ option - then this is a special system for replenishing your account. Accounts in this system are divided into several types; each way of deposit depends on its role on this trading platform.

It des not need to think for a long time how to deposit to IQ option - look at the list of these accounts and you will understand what to do:

The real account – it opens after the registration and could be used for trading for real money.

The demo account - opens automatically and works immediately after registration. On the account you will have $ 10000, at the same time you can risk whatever you want - you can recharge the training account for free an unlimited number of times.

The VIP account - opens after making a deposit of $ 3000. You have the opportunity here to speak about all your transactions with the specialists if you need. The VIP account gives more opportunities for trading and there is an accelerated withdrawal of funds.

The tournament account. It is used when bidding in tournaments.

IQ option is an international broker with users from more than 100 countries. Therefore, there are many ways how to deposit in IQ option - it can be credit card (visa and mastercard), bank transfer, webmoney, QIWI wallet, yandex.Money, ideal and others. Now that the withdrawal request is ready, you need to double-check the entered data and, if it's all right, you can safely click the "send" button.

If the system informs that the money is sent, but the trader does not see the receipt on the card or, for example, the purse webmoney, this indicates that the funds are listed, but the bank or payment system did not enroll and need to wait a little.

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Wlcome bonus + no deposit bonus IQ option with promotional code of 95% OFF / forex, binary options and binary options broker january 2021 australia: in the test 2021, information: deposit, withdrawal . Similar brokers. Forum: experiences, opinions | bonus and demo account | rewards for old and new customers

IQ option is a binary options and forex broker, founded in 2013 that operates in 178 countries and stands out for its rapid growth in recent years. It became famous for its ease of use that allows the user to operate in a few seconds, just by logging into the website with the facebook account. In addition, it provides a test account for training in operations. Therefore, many people started to invest heavily in this IQ option in order to make money through trades.

Iqoption.Com is the company dedicated to the execution and administration of risky investments with the largest number of clients worldwide. Starting its activities in 2013, today the company is an example of great success and commitment to its investors and the statistical figures are impressive. Between the years 2015 and 2017 the number of registered users more than tripled. It went from just over 8 million to the incredible mark above 25 million. Jumping from 646,000 daily trades to more than 1.5 million a day for the same period. Generating a volume in negotiations so large that it exceeds 380 million per month.

In our IQ option promotional coupons section, you will be able to find the best selection of offers and promotions in all categories available for your online purchases in IQ option and that you can buy as usual at your favorite store, but this time with greater savings through of our IQ option discount coupons that we offer exclusively to you. It is also very easy to use and, on our page, we make it even easier for you, so the effort required to get the best discounts on IQ option is super comfortable for you.

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.

IQ option bonus code

Iqoption is a broker, that was started off in the year 2012. Since then it has garnered a large base of traders because of the high ratings it has received. The best way to start trading with this broker, is by using the iqoption bonus code below. This will give you a bonus in addition to your initial deposit.

Out of the hundreds of options in binary option brokers, this is one of the best. It is an innovative company that has made advancements in the industry unlike any other.

Overall, this broker is rated very highly by all of the traders who have had experiences with it. Let’s find out whether iqoption is really one of the best in this review.

How does IQ option work

When signing up, the form is very simply and easy to fill out indeed. There is no need to enter too much personal information. After making the minimum deposit to open an account with the broker, traders are immediately taken to the new trading page.

Overall, opening an account is very simple indeed with this broker, mainly because of the instant platform on the web.

The minimum deposit is extremely low, at only $10. This is one of the lowest required deposits on any of the platforms and brokers out there on thee internet. This makes it perfect for traders with low incomes and people on a budget.

There are many different bonuses available to traders as well. Every time a trader hits a milestone in their trading career, they are granted new, better bonuses in the form of extra money sent to the trading account.

The real account is the most basic of the two account types. The minimum deposit needed to open this account is $10, and there are bonus cashback features that can go up to 45% of the initial investment. All of the assets offered by the broker are open for trading with this account, and there are weekly training webinars for new traders. A trading competition that happens every month is available as well, and free trading signals come with a deposit of over $100.

IQ option withdrawals and deposits

Deposits are easy to make with support being given for most major debit and credit cards as well as most ewallet sites as well. Withdrawals are smooth and streamlined. They are processed and sent through in about 3 business days, and most of the methods used for deposits can be used for withdrawals, as long as you can verify your identity.

Security and licensing

The broker is licensed and fully regulated by the trusted regulatory authority CYSEC in cyprus, and has the license number 247/14. IQ option is a legit binary options company with all necessary licenses and regulations.

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