Binary options: 9 bonuses for your trading account
Almost every binary options broker, trying to attract as many clients as possible, offers a whole line of certain bonuses for traders. Each type of bonus has its own conditions, advantages and disadvantages. This is what we are going to talk about today.
Welcome Bonus or First Deposit Bonus
The so-called welcome bonus is the most common at Binary options brokers. It is provided according to a simple scheme: a broker of binary options simply adds additional funds to the first opened account. The size of the bonus can reach up to 100% of the amount of the initial deposit, but the most common is a bonus of 30% to 50%. For example, opening an account with $500 and a 40% welcome bonus would have $700 on your deposit.
Nevertheless, the broker does not intend to just throw their money around, so, together with such a bonus, certain restrictions are imposed on the deposit, associated, as a rule, with the withdrawal of funds. For example, in order to withdraw funds, a binary options broker may impose a condition to trade some additional volume constituting the bonus amount multiplied by a factor of 20-30. That is, having received a bonus of $200, it is necessary to make transactions of $4,000 to $6,000. There is nothing supernatural in such a condition, because without this restriction one could receive a bonus of $500 for a deposit of $1000 and then withdraw your $1000 immediately.
Additionally, it is worth noting that not all binary options brokers allow to work out and withdraw the welcome bonus.
2. continuation bonus or re-deposit bonus
This type of bonus on binary options does not have any specific name, so the name we have given is rather conventional. Its meaning is essentially the same as the welcome bonus, with the difference that the bonus funds are credited when the account is reopened. For example, a binary options trader has decided to open another deposit. Depending on the policy pursued by the broker of binary options, he will receive a certain percentage of the initial deposit amount or some fixed amount.
The bonus extension is not as common as the welcome bonus, has a smaller size, and the conditions for its use are usually similar.
3. no deposit bonus for binary options trading
As the name implies, in order to receive this type of bonus, the trader just needs to open a trading account, without entering any funds. The no deposit bonus for binary options is still a novelty, and few brokers offer it. Its size is usually significantly less than the welcome bonus.
It is worth noting that in addition to brokers binary optionsIn addition, no deposit bonuses can be offered by third-party web resources, which should immediately cause the trader at least doubts about their reliability and suggest the presence of hidden requirements and conditions.
4. deferred bonus
The principle of the deferred bonus is the opposite of the welcome bonus for a binary options trader. That is, the pending bonus is credited only after the trader trades the volume set by the broker. If the trader receives a pending bonus, he/she immediately gets the right to dispose of it in full, up to its withdrawal.
As a rule, when granting a pending bonus, in his personal account on the website of a binary options broker, the trader can see the progress bar, which displays the remaining trading volume required to receive the bonus amount.
5. Promotional bonuses
From time to time brokers of binary options hold some special promotions. By participating in such promotions, the trader can win some valuable gift, increased percentage on the first or subsequent deposits, etc. Very often brokers of binary options aggravate the situation by hurrying the client with the fact that "the offer is valid until the end of the day only" and other marketing tricks. In fact, there is no need to rush at all. Promotions are not sporadic but systematic. Large brokers of binary options run promotions every month, so you can always find an interesting offer.
6. Special time bonuses
This type of bonuses is somewhat similar to promotional bonuses. As a rule, such offers are temporary in nature. These may be risk-free trades, free trading signals and so on. The action of these bonuses is limited in time.
7. Binary Options: Bonuses for Learning
This type of bonus has nothing to do with tangible assets. The scheme is as follows: for example, on the first deposit, Trader gets free access to a webinar, training material in electronic form, etc. Even though it's not money, quality training material will help you earn it in the long run.
8. "Friendly" bonus
This type of bonus is similar to an affiliate program and assumes that the trader will receive a bonus amount to the account after a new client, who comes to the broker binary options under the referral link (variants are possible), opens an account and makes at least one trading operation.
9. Personal or VIP bonuses
This type of bonus is given to clients who open deposits of quite impressive amounts. The amount of money required depends on the binary options broker offering the bonus. It can be an online consultation, provision of a personal assistant, gifts or some other preferential terms.
In conclusion, it is worth saying that the use of bonuses by binary options traders is good and bad at the same time. Good - because the increased deposit creates an additional "safety cushion", reducing the sensitivity to a series of losing trades. Bad - because for every dollar from the bonus, the binary options broker will put some kind of condition or restriction. Therefore, before accepting any bonus from a binary options broker, do not be lazy and carefully read the terms and conditions of its use.