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What is the binary trade hub, what is bitcoin and how to invest and trade it? If you donвђ™t know, you should; if you do, chances are you still need some clarification. Binary trade hub is here to help, demystifying this world-changing, trust-building technology which, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society. Contact our agent on the livechat for questions

What you will learn?

How banking system works

What is blockchain and how it works

Importance of blockchain technology

What is cryptocurrency

How to buy your first cryptocurrency

How to send and receive cryptocurrency

How to properly store your cryptocurrency

How to trade cryptocurrency

How not to lose money trading cryptocurrency

Advantage of investing in cryptocurrency market

New to crypto?

What is the binary trade hub, what is bitcoin and how to invest and trade it? If you donвђ™t know, you should; if you do, chances are you still need some clarification. Binary trade hub academy is here to help, demystifying this world-changing, trust-building technology which, represents nothing less than the second generation of the internet and holds the potential to transform money, business, government and society.

What you will learn?

How banking system works

What is blockchain and how it works

Importance of blockchain technology

What is cryptocurrency

How to buy your first cryptocurrency

How to send and receive cryptocurrency

How to properly store your cryptocurrency

How to trade cryptocurrency

How not to lose money trading cryptocurrency

Advantage of investing in cryptocurrency market

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Premium plan

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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.

I'll find you an awesome options site in seconds. Ready to go?

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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.

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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!

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 in the united kingdom

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 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.

The benefits of binary trading and make money binary options

In the hugely popular world of binary options real money trading, professional and novice investors alike are enjoying the benefits of an easy trading platform that provides certainly, confidence and a collectively simply software management program that allows everyone to unleash their inner-trader from the comfort of their home or office.

Let’s start with the basics: most binary trading platforms exist online, so you do not have to download any software and can thereby trade anywhere. In addition, customer service representatives are available on most sites via live chat, in case you are caught in a pinch and need some quick advice. This is especially helpful for new traders, and can even help push the more seasoned veterans into a proper direction.

The gains involved in binary trading can be substantial, and are short term with limited risk. In addition, accounts on most sites can be operated for as little as $20, with stakes as low as one dollar per trade. There no changes or commissions on trades or withdrawals, and no margins or spreads to wager against.

With binary options trading, you know exactly how much profit you stand to gain, you absolute exposure to risk and the expiry time involved, so it is never a guessing game, but an exact trading option that allows you to invest using informed data.

The only investing strategy necessary for binary trading is to predict whether the asset’s value is going to rise or fall by the expiry time. This time is set by you, in advance, and can be as close as five minutes away or the end of the day. The payout occurs immediately upon the expiration, and can provide up to 95% returns, depending on the site you use, per winning trade.

Bonuses and no deposit offers

Bonuses come in many forms. From risk free trades to a ‘no deposit’ bonus. Here we compare all binary option bonuses and then explain each type, and how traders can ensure they get the most out of any payment, and do not get caught out. We will look at:

Introduction to bonuses in binary options

Deposit match

No deposit bonus

Risk free trades

Making the most out of any bonus

We will also highlight the leading offers of each type of bonus, so that traders can get the best deals.

Top broker bonus offers

An introduction to bonuses

Almost all binary options brokerages will offer some form of deposit bonus. This is normally paid directly into the traders account as soon as their initial deposit has been credited. It represents a great incentive for new clients.

Some brokers will pay a deposit bonus of 100% – doubling the initial payment in effect. The funds are available to trade with immediately. They cannot however, be withdrawn straight away. This is one of the many conditions that apply to bonus payments – more on these later.

Sometimes the bonus amount is listed separately to the normal funds. So traders may see a standard account balance on screen, and also a bonus fund figure. Often the initial deposit bonus will be paid on a sliding scale.

So the greater the initial deposit from the account holder, the larger the deposit bonus. So in order to get the maximum bonus, traders may have to deposit an amount higher than the minimum deposit.

Cash back offer

Highlow are currently offering new customers an exclusive cashback scheme:

Deregulation

After deregulation in 2008, brokers in the options markets were able to offer client bonuses, just as brokers in other trading sectors were. Since then, it has become very uncommon to find a binary options broker that does not offer a bonus of some description.

These bonuses come in a range of forms, from simple deposit match bonuses, to specific items like an ipad or tablet or even a no deposit bonus. Some brokers may also offer software or services (that would otherwise require a subscription) as a bonus.

Generally a bonus will come with certain terms and conditions attached. Where the bonus is additional funds into a trading account (a deposit match, for example) this normally requires that those funds are traded or “turned over” a certain number of times.

Only once these terms are met, will the funds be available to withdraw. Bonuses in the form of a hardware giveaway, are normally triggered after a certain amount of commission has been earned for the broker via trading activity.

Deposit bonus terms and conditions

A deposit bonus then, offers traders the chance to double their investment immediately, and start trading with twice their initial outlay. While this may be seem a great deal, there are some very important terms and conditions that will apply. In order to make the most out of any broker bonuses, it is absolutely crucial to understand the terms attached.

As mentioned above, the bonus funds generally cannot be withdrawn immediately. Normally there are some criteria that must be met before the additional money can be taken out of the account. These criteria are the most important factor when looking at a bonus.

If they are likely to be met, the deposit bonus is an hugely valuable way of boosting trading funds. If, however, the criteria are extremely unlikely to be met, then the bonus is worthless. When the terms are not met, the bonus funds still in the trading account balance will be removed.

In order to keep the bonus, and be able to withdraw it, a trader normally needs to trade. A lot. Most brokers will have a stipulation about the number of times the bonus funds must be “turned over”. So if an account receives a deposit bonus of £500 and the terms and conditions state bonus funds must be turned over 25 times prior to withdrawal. Then that trader needs to turn over £12,500 worth of binary options. If not, the bonus funds will be removed.

These terms normally also have to be met within certain timescales. Typically 30 days or similar. Brokers want new account holders trading quickly and frequently and the bonus incentives motivate them to do so.

Given all this, it is easy to see how a trader might end up frustrated with their bonus terms. So it is well worth doing some research.

Types of bonus

Deposit bonus

This is paid when the first deposit is made, by the new account holder. It will normally be a percentage of the initial deposit, with anything up to 100% payable . Effectively doubling the first deposit. This sounds like a wonderful offer – and indeed it can be. The client has double the funds to trade with, and the broker can expect double the volume.

The majority of brokers will offer this type of bonus to try to attract new customers and increase their own market volume. The terms associated with the bonus are usually time sensitive, encouraging new account holders to trade quickly, and often.

In most cases, the size of the bonus will depend on the size of the initial deposit. Where this is the case, traders need to be aware of the turnover requirements in order to be able to withdraw profits. A large deposit and bonus, may mean a huge turnover requirement. Likewise, a smaller deposit, and therefore bonus, will require a much more manageable trading volume target.

Best deposit match bonus

Marketsworld still offer a deposit match bonus (T&cs apply) up to 100%:

Other bonuses are paid on occasion. These might be paid periodically for reasons such as;

To try and get a dormant or inactive account trading again.

At times when markets or brokers are quiet (flat), or equally, when times are volatile (and traders have taken a step back from the markets).

Loyalty bonuses

Cash back bonuses for high volume accounts.

As ever the motivation for the broker is the same in every case, to keep the trader trading. This sentiment is again evident in the terms and conditions where the bonus normally expires after a short time.

No deposit bonus

On some occasions, a broker will offer a no deposit bonus. As the name suggests, this is bonus paid without the need for a deposit. Again, terms will apply and it is important to read them. A no deposit bonus is likely to require extensive trading before it can be withdrawn. Turnover requirements within the terms are therefore a key detail to find out.

In many ways, a no deposit bonus is similar to a demo account. Simply because those funds carry no financial risk for the trader, but ultimately are very difficult to ever get to a point where they can be withdrawn for real money!

For many traders, the attraction of a no deposit bonus is the fact that they can try the platform, and binary options generally, at no risk. The same can be achieved via a demo account of course.

Best no deposit bonus – markets.Com

Although this type of bonus is becoming less common, markets.Com are currently offering a no deposit bonus:

Risk free trades

Another form of sign up bonus is the ‘risk free trade’. This allows new customers to use the platform, and trade a number of times, knowing if they lose – the lost funds a refunded. Profits from winning trades are kept by the trader. While terms still apply, they are generally less restrictive than other forms of bonus.

Generally, profits from the risk free trade will need to be traded a number of times before they can be withdrawn – but the turnover requirements will be well below that of a deposit bonus, or no deposit bonus.

How to make the most of a bonus

So the key to bonuses is the terms and conditions. Therefore, researching the terms is a vital part of making the most of any sign up bonus. A little research can be the difference between trading with double the initial investment, or seeing funds disappear from an account after a month or so.

A trader looking to open an binary options trading account – and take advantage of a deposit bonus – needs to look at their own aims first:

Which assets will they trade?

How much will they invest in each trade?

How often will they trade?

These are all questions that should be answered regardless of any bonus offer, but the deposit match certainly firms up the need for a clear vision of the overall aim.

Once a trader knows how they intend to invest, they are better placed to know what terms they are likely to meet. Likewise, they will know if they are unlikely to meet some withdrawal criteria. There is no harm in admitting that some conditions cannot be met. It just means that the bonus no longer needs to be a deciding factor in which broker to sign up with. It provides a little more clarity in finding out which is the best broker for that particular trader. It will, after all, be a very individual decision.

Some traders will be keen to trade immediately, and frequently. They will be likely to meet the terms attached to a deposit bonus. These traders now just need to judge how to get the most out of any offer. For example, taking the full 100% deposit match may mean a larger deposit is required. This in turn, might raise the total of the potential turnover required to a level that cannot realistically be reached. In this case, the best form of action is to scale back the initial deposit to a level that means the terms and conditions will be met.

The key to making best use of any bonus is to research the exact terms. If the criteria can be met whilst trading as normal then the bonus will be a great boost to funds. If it is unlikely that any turnover requirements will be met, then the bonus should be disregarded.

A trader must trade as normal, and not be tempted to over trade in a bid to meet the bonus stipulations. It is ok to turn a bonus down, or leave the funds in the bonus account untouched.

If a trader knows exactly how they intend to use any bonus funds, and is confident the terms of the bonus can be met without any impact on trading style – then they can be a wonderful asset, and a quick way to accelerate the growth of funds in an account.

Bonuses can be a very good way to boost trading funds initially. With a little research, those looking to open a new account can take best advantage of a deposit bonus that they know they can meet the terms of, simply by trading as normal.

Our broker comparison tables list the brokers with the leading sign up offers. Likewise, the news blog highlights any short terms offers that brokers are running.

Another area of terms and conditions that must be fully checked is the withdrawal terms. Some unregulated brokers (though none listed on our pages) will require a minimum turnover requirement on both the deposit – and your initial deposit – before a withdrawal can be made.

This is thankfully rare, but illustrates the importance of checking T & cs – and if the terms are not good, reject the bonus. There is no obligation to accept any bonus.

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