Bonus

binary options bonus

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

Binary options brokers are always keen to attract new traders. One of the main ways to get new customers is by offering a bonus. These can come in many forms, from simple deposit bonuses or risk free trades to more complex packages of training aids and high-tech gadgets – brokers know how to entice traders new and old.

Here we list and compare all bonuses 2020 and explain the key points to ensure that any bonus availed is a real benefit and not a source of frustration. We explore some common types of bonuses, and when the time might be right to take one. We also discuss some of the disadvantages, and why what glitters may not be gold.

Top Bonuses 2020 for Traders in India

	Broker		regulated	minimum deposit	Payment	Bonus
	high Low			$ 50 USD / $ 10 AUD	200%	$50 CASBACK	»go to
	Hirose			$ 20	90%	50% Deposit Bonus (withdrawable)	»go to
	RaceOption			$ 250	90%	100% Deposit Match Bonus	»go to
	OptionField			$ 5	93%	Pro Account Discount & 10% Cashback	»go to

Brokers are filtered based on your location (India). Reload this page with location filtering

What are Binary Options Trading Bonuses?

A binary options bonus is an offer from a broker, designed to reward the trader with extra money to trade or minimize losses should a trade go wrong. Usually the offer is in the form of a welcome bonus, or a sign up offer as it is sometimes called. Welcome offer is definitely 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 trading
• education material
• hardware or prize

Bonuses will always come with terms and conditions. These terms are the most important aspect of comparing a bonus. A small ‘no strings’ bonus, for example, can 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 ‘deposit match’. Here, when a new trader opens an account, their first deposit will trigger a bonus. This is usually a percentage of the deposit. So assuming the deposit was a 50% bonus deal:

1. A trader makes a deposit of $200
2. A bonus of 50% ($100 in this case) will be added to their account

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

risk free trading

A risk free trade is another simple form of bonus. One attraction of risk-free bonuses is that the terms are generally less restrictive. A risk free trade gives the trader the opportunity 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 5 risk free trades, and they all work the same way. However with more trades, comes more terms. For example with a risk free trade, the broker is likely to pay out the winnings in the form of cash – available for withdrawal immediately. Where a broker offers more risk-free trades, it becomes more likely that a number of “turn overs” (trades) must be made before any winnings can be withdrawn.

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

no deposit bonus

A ‘no deposit’ bonus is exactly what the name suggests – a bonus credited to an account without the need for an initial deposit. This is obviously an attractive option for a trader, but as mentioned above – it will be important to read the terms and conditions. Any deposit bonus will generally have a very high turnover requirement before any funds can be withdrawn, and this requirement will usually need to be met within a short period of time.

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

This type of bonus is also rare. This does not work well for brokers, or traders. Recent months have seen the no deposit bonus take off in ‘deposit free’ trades. This allows traders to access the live, real money platform, but place a handful of trades without any financial risk. Brokers now offer risk free trades, or deposit match bonuses.

The Best Times To Claim Bonus

The best time to claim profits is often not at the point of first deposit. With some brokers, the best course of action is to open an account with a minimum deposit – forfeiting any bonuses. Then after the trading period, call the broker and negotiate the bonus directly with them based on the large deposit. This is especially effective if there is a large amount to invest. The larger the second deposit, the better the bonus terms.

If that seems like too much hassle, new traders should definitely research any potential bonus – and make sure it will work for them. Make sure any bonus conditions can be comfortably met without changing any trading habits. Pay particular attention to turnover requirements, and any time restrictions by which limits must be met.

terms and conditions

There are some issues that traders should be aware of when comparing bonuses. All of these issues will normally be within the conditions, so it’s important to check them out. Here we will list some of the details to check 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 frame? The larger the deposit, the more restrictive it will be. A $100 bonus that needs to be rolled over 20 times means $2000 worth of trading.
• Is your deposit locked? – There are forms of bonuses that actually lock the initial deposit, as well as subsequent deposits, so that nothing can be withdrawn until the turnover requirements are met. These bonuses are rarely rare – but put the trader at a huge profit. It is totally best to avoid any broker using such terms.
• How is the bonus paid? – Is the bonus amount different from your deposit amount? If so, it’s usually better.
• How to get paid with Risk Free Trades? – Whether profits are paid into the account as cash, or added as bonus funds (to meet their own terms and conditions)सर्वश्रेष्ठ प्रस्ताव ढूँढना

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

Finally, a high quality, reputable broker will make it easy for you to get the most out of the bonus. Nothing will allow you to cancel a bonus deal part way through. A broker pushing their bonus on you can be seen as a red flag. If the bonus doesn’t suit you, turn it off.

why don’t you want the deposit

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

Trade Minimum – Each bonus comes with a trade minimum. This must be a dollar amount before the bonus amount can be withdrawn from your account. The minimum is based on your original deposit and bonus, so if you deposit $2000 and get the 50% bonus the minimum will be based on $3000. Trading on an average would be between 20 to 30 times the minimum account total value. We’ve seen some as low as 15 times and others as high as 40 or 50 times total account value. This means that an account with a net worth of $3000 would need to trade a total of $45,000 before the bonus. I like to trade 1% of my account at a time to make sure that no single trade can harm my account. In a $3,000 account that means trading $30 at a time, $30K divided by $30 is 1500 trades. Of course, you can make bigger trades to clear the minimum faster but this can also lead to catastrophic losses.

Time limit – Some, but not all, deposit bonuses have a time limit. It is usually like 30, 60 or 90 days. This means that while you can make a withdrawal, you must reach the minimum trade before the time limit expires. We don’t wish that any of you can’t turn $3,000 into $45,000, but consider your chances of doing so within 30 days. You may not like to be forced into trading more than your budget or system allows. Another reason to shoot for the time frame stars may be to trade more often or in higher amounts than you normally would, adding risk to your portfolio.

Withdrawals – The bonus makes it difficult to withdraw money from your account. Some brokers, shadier, will not let you withdraw any money until the minimum trade limit is met. Brokers who will not let you withdraw any part of the bonus or profits based on the bonus. In either case the clause in the terms will usually prompt you to withdraw the entire bonus and satisfy the requirement to withdraw all profits prior to any withdrawal request. If you trade your $3,000 account up to $10,000 or $15,000, you want to take something.

This broker (Options Wired) says the bonus cannot be redeemed for cash value, very shady.

Free Sign Up Bonus – A free $50 or even $20 sign up bonus is not uncommon these days. This is a “free” bonus that you get when you sign up for an account and supposedly does not require a deposit. Except that it might. The only way to receive the bonus may be by depositing money and then meeting the bonus requirements. You may also get an additional deposit bonus on top of the sign up bonus, which means the bonus requirements can be quite high. Be sure to check what is the case 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 their money than to meet the bonus requirements. This is why the minimum requirements are so high and the deadlines so short. You will likely have to engage in risky trading behavior in order to meet the minimum. Any time you are considering accepting a bonus, be sure to read the Terms of Use and fully understand what it will take to clear the minimum. Like everything in life not all brokers are the same and each will have different policies regarding bonuses and even if and when the bonus is actually yours.

Bonuses are often automatically applied to accounts by the broker when they are funded, so be aware that you can reduce the bonus, should you wish, before you commit. Traders are responsible for contacting their account representatives to select you. Some brokers will also offer other bonuses from time to time so be sure to read the terms and conditions before accepting them.

Risk In “Risk Free” Bonuses

There are hidden risks involved in free trading that the average binary options trader is unaware of. Luckily we can reveal what to look for.

There are some clear advantages to using risk free trading you won’t lose, but the fact is there are some downsides to the equation that may make you think twice about using it. What follows is a description of some of the types of offers you can get and why they are not as “free” as advertising.

Free $50 Offer or No Deposit Bonus

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

To sweeten the deal some brokers will also tell you that it is possible to withdraw $50 after meeting the trading minimum and volume requirements. While this in itself is not unusual, bonuses come with conditions. But be careful with related “tie ins”. A minimum deposit is a requirement to unlock withdrawals and this is true for “No Deposit Bonuses”. Make sure you can get one. Sure you can withdraw it, but only after making a deposit. That deposit may need to be higher 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 concerned about, it’s fine for them to want to receive your email in exchange for a free service.

What is not ok is to advertise a demo for free and then require a deposit to get it, this is bait and switch. Demo is free, if you deposit with us. What’s worse is that most of the brokers who use this brokerage are not actually giving you a demo account, they are giving you a “demo bonus” on top of your deposit and all the trimmings that go with it; Quantity minimums and onerous return requirements. We do not list brokers that operate in this way, but it is worth being aware of.

cash discount program

Cash rebate program sounds really cool doesn’t it? This usually requires a certain minimum deposit amount, a certain minimum maintenance balance, and a trade volume. But here’s what you need to know – some rebate programs only give you money back on your losses.

If you are a net loser in the month you get some of your loss, if you are a net winner you get nothing. The kicker is that if you are a net loser, you will need 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 the rebate is often paid out in the form of bonus funds – with its own set of conditions. So they are often not attractive.

risk free trading

Absolutely the worst and risk free trade out of risk free offers. 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 the money you lose will be converted 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” is turned into bonus funds – with attached conditions regarding withdrawals. Of course some risk is still involved.