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:
- The different types of bonuses on offer
- What kind of bonus makes a good deal
- Why you should be taking advantage now
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.
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.
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.
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.
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.
What is The Perfect Bonus
The type of bonus you should be looking for depends on you, the individual and your experience when it comes to trading. As discussed above there are many different types of binary options bonuses on offer but which should you be looking for and what makes the perfect offer for you?
The deal that you choose will largely depend on your experience. If you are more comfortable placing an initial deposit, then a welcome deposit match deal is a great way to get experience and get used to trading. If you prefer to try a broker without spending your own money then a no deposit bonus, while it is matched lower than a deposit type, is still the perfect way to start.
Why wouldn't you want to take advantage of the best bonus on offer to increase your profit.
We Show You The Best Bonuses
We rate bonuses based on the findings of our extraordinarily talented and experienced team that know the online trading market inside out. We are dedicated to research the thousands of binary options broker bonus deals to bring you the very best in our comparison web guide.
We continually carry out extensive research, and our knowledge is both accurate and up to date. We work hard to uncover the critical types of bonuses and who offers what. We can advise you on the best welcome bonus if you are opening a new account or the best deposit match bonus for established traders.
We build our conclusions using many different criteria and our time is spent doing the hard work for you. Whether you want to open a new account or add additional free cash to an existing one our evaluations will assist you in making the decision that is right for you.
Frequently Asked Questions
What different types of bonuses can I get?
There are many types available, and they vary significantly from broker to broker. The most common are welcome bonuses where you receive either a deposit, matched deposit or no deposit bonus.
Can I withdraw a bonus for real money?
Binary trading bonuses come with terms attached. It is normal for a bonus to be held by the broker until you have to use the bonus a specific number of times.
Do I need a special code to claim a bonus?
Generally, you won’t need a voucher code to claim a bonus. If you are provided with a voucher code by a third party site for a particular broker, you will need to use it to be able to claim your reward.
Can I use my bonus to trade all assets?
It is usual for bonuses to be available to trade in all assets unless there are specific exclusions laid out by the broker. Most regulated, reputable brokers won't have such prohibitions though.
How do I use a bonus on a mobile or tablet?
Using a mobile or tablet should be no different to using a PC or Mac. You make your deposit, and the funds go into your account.
Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2015 and readers can benefit from her insider knowledge of how brokers work.