Top binary options bonuses

The binary options business is booming and with so many brokers out there, choosing from so many outstanding offers, means that potentially it’s a trader’s market. All of the leading brokers offer a variety of tempting bonuses as they strive to out compete their rivals and to attract your custom. In such a fertile environment it really pays to shop around!

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Bonus types

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No Deposit Bonus

No deposit bonuses are a type of financial reward that are given by a broker to a user after they have opened a trading account. These are generally very popular bonuses as they do not require the trader to deposit any more in order to access it.

Welcome Bonus

This bonus, like the previous, is given to new users upon registering with a broker. The welcome bonus differs in that the new user is required to make a minimum deposit. The bonus amount is then measured as a percentage of the initial trading amount, for example a 100% bonus on a $50 deposit, would be an extra $50, making your total trading amount $100. Once a welcome bonus has been claimed, the user will not be able to apply for it a second time.

Deposit Bonus

As in the previous bonus type, the deposit bonus comes in the form of a percentage and is added to your balance when you make a deposit into your trading account. The difference with this bonus type is that it can be used over and over by new users and regular participants alike. The deposit bonus is also commonly referred to as a reload or redeemable bonus.

Mobile binary option bonuses

The mobile trading market has grown enormously in the last year or so. Often mobile bonuses can be offered as a promotion of a broker’s trading app to encourage users to download and install the mobile version of their trading platform. As these type of promos can be offered to all customer, new and old, the mobile bonus is similar in form to the deposit bonus.

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Broker	Name	Review	Min. Deposit	Return	Min. Trade	Deposit	Demo	Payout	Trade Now
	24Option		$250	Up to 89%	$5	Up to 100%		89%	Go to broker
	Banc de Binary		$250	Up to 92%	$10	Up to 100%		90%	Go to broker
	BDSwiss		$100	Up to 89%	$10	Up to 100%		81%	Go to broker
	Imperial Options		$250	Up to 85%	$10	Up to 200%		85%	Go to broker
	Stockpair		$200	Up to 85%	$10	Up to 100%		85%	Go to broker
	365Trading		$100	Up to 90%	$10	100% Up to $5,000		89%	Go to broker
	10Trade		$200	Up to 81%	$25	Up to 100%		87%	Go to broker
	IQOption		$10	Up to 92%	$1	Up to 100%		92%	Go to broker
	GTOptions		$250	Up to 85%	$10	50% up to $10,000		81%	Go to broker

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Refer a friend bonus

Binary options brokers love this one because it is a really simple and cost effective way for them to advertise their platform by incentivising their users to do the advertising for them. This bonus works very well as all the user has to do is to refer a friend to the company and they will receive a bonus in the form of a percentage. The new user can, of course, apply for a welcome bonus too upon registration.

Risk free trades

The risk free trade offer is a popular offer for beginner traders. Typically brokers offer the user a set number of free trades. The user can place investments and trade, if they win they keep their winnings and if they lose then they haven’t actually lost any real money. Most of the leading brokers offer risk free trades as a welcome offer or as part of their retention marketing. The number of trader on offer can vary from just the one free trade right up to 10, so it’s well worth shopping around!

Seasonal bonuses

Seasonal promotions, on the other hand, are advertised well and usually come as part of a brokerage’s marketing campaign to incentivise existing users and attract more custom. A seasonal bonus, could include a summer holiday, or an unusually large bonus cash deposit amount which can be accessed in the same way as a deposit bonus.

Bonus codes

Bonus codes are offered usually by binary options brokers to encourage a user to perform a certain function. This may include contacting to customer service to redeem your bonus code.

Other bonus types

Additional bonuses can come in the form of rewards for loyal users or traders who invest large volumes of capital. Typically these type of bonuses come in the form of packages which can include prizes and personal account services. These are not usually advertised on a broker’s site, so it’s worth always checking with customer services to see what incentives they have on offer for regular users.

Other useful features

Demo account

The demo account is an invaluable tool for beginner traders as it allows the user to test out both the platform and their trading strategy before trading for real. Demo accounts are usually offered for a limited time which can vary from a few days, up to a few weeks. During this period participants appear on a virtual version of the trading platform and with a virtual trading account.

Withdrawing a binary options bonus

Binary options bonuses, whilst being advertised clearly and used as marketing campaigns, come with specific terms and conditions. These limitations serve to protect the broker from abusive practices and are normally as follows:

– A bonus cannot be withdrawn if it leaves the funding account empty
– A user has to be active on a platform for a certain amount of time
– Users are required to have traded a set amount of funds before a bonus amount can be withdrawn

When registering with a binary options broker take the time to understand the terms and conditions fully. This will ensure that you know how to use the bonus in accordance with the rules of the broker and with financial fair practices without committing yourself to something that you are unable to adhere too.