Bonus for binary options, very popular with traders. However, sometimes it helps traders, and sometimes it affects the loss of the entire deposit. In this article, we will figure out what a binary options bonus is and what it is for.
After reading the article, you will learn how to properly use bonuses for binary trading.
What is a Binary Options Bonus?
A binary options bonus is an additional amount of funds that the broker adds to the trader’s account. The bonus of options is accompanied by the conditions for receiving and wagering (wagering).
The purpose of the bonus on the part of the broker: The broker provides a bonus to traders to attract traders to open an account with this broker.
Binary options traders use the bonus for different purposes, we will consider them further.
Types of bonuses for binary options
Binary options brokers offer different types of bonuses. They differ in size and conditions of receipt.
First Deposit Bonus
The first deposit bonus is credited to the trader’s account immediately after the deposit is replenished. The average bonus is 100%. This means that by making a deposit of $ 250, the trader will receive an additional $ 250 to his account.
The usual condition for receiving the money earned with the bonus is to fulfill a minimum trading volume of 20 to 50 times the amount of trading benefits combined with the client’s total deposit. If the trader has requested a withdrawal before reaching the minimum requirement for trading volume (turnover of funds), the bonus will be deducted from the account. In some cases, the broker may also charge an additional fee for using the bonus.
Re-deposit bonus
The re-deposit bonus varies from 10% to 100%. Brokers offer it to traders who already have an account with the company. The conditions are the same as with the first deposit bonus.
The best bonuses from brokers
| Брокер | Бонус | Мин. депозит | Доходность | Регуляция | Обзор | Открыть счёт |
|---|---|---|---|---|---|---|
| Обзор | Перейти | |||||
| Обзор | Перейти | |||||
| Обзор | Перейти |
Risk-free trades
This type of bonus is one of the most profitable for the trader. The conditions for receiving and wagering remain the same as for other bonuses. The difference is that it does not tie the trader to the broker. The bonus is credited if the trader wishes, not at the beginning of trading, but only if the trader has lost his deposit.
Therefore, in fact, risk-free transactions for binary options are compensation in case of loss of the deposit. Compensation is not money that can be immediately withdrawn, but a bonus credited to the account. With all conditions and restrictions. Traders’ tournaments
Traders’ tournaments
Traders’ tournaments are suitable for experienced traders with high deposits, $ 5000 and above. Usually, the tournament is won by the trader who traded the maximum volume.
In fact, the bonus is wagered before it is credited to the account. If you have a deposit of more than $ 5000 in your account and you trade every day, this can be a good addition to your result. Since you earn without obligations to the broker.
Participate in the Finmax tournament
Use of Options Bonuses
Improper use of binary options bonuses will lead to the loss of the deposit. We must remember “Free cheese”, only in a mousetrap. However, we do not claim that the bonus is bad. If you correctly determine the purpose of using the bonus, you can benefit and improve the results of options trading.
Pros of using bonuses
- A trader, with the correct use of risk management, can start trading with a smaller amount for the initial deposit.
- By trading according to the strategy, you can calculate the volume of transactions, so with a certain trade, even if there is a minus, it is compensated by a bonus.
- Using risk-free trades, you can start trading with less risk.
- If the trader’s strategy shows a constant result, it is possible to increase the profit to the size of the bonus.
Cons of Using Bonus Options
- The trader becomes attached to the broker
- The wagering conditions for some brokers are very complex
- Restrictions affect undisciplined trading, which leads to the loss of the deposit.
Inference
Proper use of bonus options can help a trader make money. The bonus affects risk management, and the size of transactions.
To use binary options bonuses to make a profit, the most important thing is to understand the terms and conditions.
Having received all the information on bonuses, you can calculate mathematically if this bonus will help the trader, or on the turnover, will affect the loss of the deposit.
Use the bonus wisely.
Best Binary Options Brokers with Bonuses
Tagged with: Binary Options Academy • Binary Options Bonuses
