Best Binary Options Bonus Offers
In 2008, the binary options market was deregulated, which meant that binary options brokers were allowed to offer clients attractive bonuses, much like brokers in many other trading sectors. Ever since then, binary options brokers have realised the benefit binary options bonuses can bring to them, not least of which is plenty of new customers. So much so, in fact, that there are now actually very few brokers who offer no bonuses at all. Sounds good right?
Now just as recently as August 2018 the European Securities and Markets Authority has published notice of the extension of the prohibition on the marketing, distribution and sale of binary options to retail investors for a further three-month period from October 2, 2018.
The best binary options bonuses came in a range of types, from no-deposit and deposit bonuses, to more specific offers such as those for traders using a binary options app. And the bonuses don’t always come in the form of cash for trading. Now most of the market participants have moved over to the spot FX (forex) trading market as stricter rules have been put in place in the Binary Options industry.
It is usual for a top binary bonus to come with certain terms and conditions, and it is vital you carefully read these before taking a broker up on their offer, especially if the brokers are outside the EU. There is often a lot of negative press concerning binary options and Forex brokers; but when you read between the lines, the disgruntled customers usually failed to read the relevant terms and conditions, and subsequently had their fingers burnt. Some of the main issues surround the risk to reward ratios. Binary products often favour the broker and the trader is left with a smaller reward even if the position is a good winner.
Let’s first clarify what a binary options bonus is.
Most trading websites, whether binary options or Forex brokers, offer promotions and special offers for their customers. Some are for prospective new customers, and some are for long-standing clientele. These special awards are commonly known as bonuses. One of the main reasons for brokers to offer attractive bonuses is to entice new customers to their door, and also to keep current clients trading, preferably more and more often. Most of the top binary options brokers will have their own specific binary options bonus, and you can usually find out more by reading our binary options and Forex reviews, as well as checking individual brokers’ websites. Now it’s time for you to discover more about the different types of bonuses available in the forex world.
A wealth of binary options bonuses for both new and existing investors
In the binary options world, there are heaps of choices for any trader who fancies giving this exciting and interesting form of investment a whirl: different types of binary options, a range of brokers, and a wide variety of binary options bonuses. These choices apply whether you are new to this particular form of investment, or a well-seasoned binary options trader. A vital part of your success will stem from making the right choice – and here we’ll be looking at some of the commonest bonuses currently available. Then it will up to you to decide whether you’re going to take advantage of one or more, or steer clear of them altogether; because of course there are always two sides to any story, and a top binary options bonus is no different.
No-deposit binary options bonus
This has become a very popular type of bonus, as no deposit is required up front. However, you will normally have to register and sign up for a binary options account. It is a great way to start learning the ropes, but there is often a hefty catch. After all, there is very little in today’s modern world that is given away completely free. They can, however, be seen as a great way to try out a particular broker, and find out whether the trading platform is simple and easy to use before risking any real money. Some of the no-deposit bonuses are really quite sizeable; in fact we actually found a few brokers offering as much as a few hundred dollars. Sounds pretty enticing, we have to agree. But there were some sizeable trading and deposit requirements attached to such amazing offers, which have to be met before making any withdrawals. There aren’t a huge number of brokers who offer a no-deposit bonus, and it has become more popular for brokers to offer free no-deposit demo accounts instead.
Binary options welcome bonus
A welcome bonus is usually given to traders based on their first deposit, and can be anything from 100 to 200%. There are obviously going to be brokers who offer smaller welcome bonuses, and those that offer nothing at all. But it’s great to have a variety, isn’t it? Many binary options brokers who already have a well-established name find no need to offer welcome bonuses, as their reputation brings plenty of new customers in. Most of the brokers who offer a welcome bonus will have some very strict conditions attached to their offers –and why shouldn’t they? Giving someone a trading a bonus and not requiring them to continue trading would be simply giving money away. And that really isn’t good business sense.
Binary options deposit bonus
This bonus is similar to the previous bonus mentioned, but is offered to newcomers and loyal customers alike. The amount depends on the deposit made, and is usually given as a percentage. It is meant as a constant reward for staying with a particular binary options broker. Every time an account is funded with a deposit, a deposit bonus is added too. It is also known as a reload or redeemable bonus.
Bonuses for mobile clients
Mobile binary options trading has become very popular in today’s app-mad world, and there are many brokers who offer attractive bonuses to those traders who choose to trade using a mobile device. Often these bonuses are only available to mobile binary options traders. In order to benefit from the bonus you simply have to download the mobile version of a broker’s software onto a tablet, iPad, iPhone, or smartphone. The value of such bonuses differs from broker to broker, but they are often similar to welcome or no deposit bonuses. They also come with their own specific terms and conditions.
A great way for brokers to attract new clients is with a refer-a-friend bonus. The aim is to expand the client base of a broker, and to get more people enjoying binary options trading. If you’ve got a friend or family member who is also interested in binary options trading, this is a great way of bringing them on board, and making an introduction. The bonus is either a fixed amount of money or a percentage of the first deposit made by your friend.
Risk-free trading bonus
This is quite a rare type of bonus, but is nevertheless worth a mention. Brokers reward an investor who opens an account with a certain number of risk-free trades. Should a risk-free trade be a losing one, no money is actually lost. But if, on the other hand, the trade is a winning one, the brokerage firm often doubles the final outcome.
This bonus can be very beneficial for newcomers to the world of binary options trading, as it offers an opportunity for traders to practise their activity and try out a strategy – all without risking a single dime of real money. We always advise beginners to start with a demo account before moving on to real money trading. There is, however, often a time limit attached to such an account, during which time you trade in a virtual binary options trading environment.
A binary options bonus for regular customers
This type of bonus is usually available for high-value traders, and for those who are loyal customers. It often includes certain privileges, special treatment and additional extras for long-standing customers. Not all brokers’ websites make mention of their loyalty programme, so we’d advise you to contact the customer support team to find out what is on offer.
Now for the downside of binary options bonuses, as there most definitely is one…
Binary options bonuses aren’t always what they seem.
Finding out about the variety of bonuses available is the easy part, as most of them get a front-page mention on a broker’s website. You will, however, have to dig around a bit more to find out how to obtain and withdraw them. Most bonuses come with some very carefully tailored conditions, and these are often hidden away in the small print. As well as conditions, there are often a number of limitations for a bonus withdrawal. They tend to be pretty similar, so let’s tell you some things you should be looking out for:
You won’t be able to withdraw your bonus and leave your account empty.
You won’t be able to withdraw your bonus during your first few days of trading, and you will need to make a certain amount in deposits.
You will often have to meet a certain level of trading before you can withdraw a bonus.
With regard to any kind of bonus, you should always carefully read and fully understand the terms and conditions. If you don’t spend some time digesting the rules it is likely that you will come unstuck when it comes to making a withdrawal, and become just another disgruntled customer who didn’t read the rules, and can’t get at their money. Again most traders are choosing to move toward trading traditional FX (Forex) regulations in the binary world are changing to look into this option click here.