Binary options without deposit: 3 ways to get free money

2 345

No deposit binary options - is an opportunity to trade binary options without investing your own money, sometimes they are also called free. The trader who is looking for such offers, most often refers to bonuses from companies, which are given when registering the first trading account and allow to try the service without own investment.

Such offers from binary options brokers can be found, but they are rare, much more often you will find a link about the possibility of opening a demo account or a bonus on the first deposit. We have already written about them before, so let's discuss the possibilities of no deposit binary options trading, its pros and cons.

3 options for no deposit binary options

So, what are the options for no deposit binary options? In our opinion, there are only three: welcome bonus, coupons and trading contests. Although there are probably other ways as well. We will be glad if you tell us them in the comments to the article.

Option 1: Welcome bonus for binary options

Welcome bonus usually receive traders who have opened an account with a broker for the first time. Such a no deposit bonus for binary options is very convenient, because it allows you to evaluate the benefits of the company and its trading opportunities. To get such a deposit to your trading account, you only need to open it and submit the appropriate application to your manager or in a special form on the promotion page. Usually the process takes little time and in a couple of hours, or even instantly you have money in your account.

When receiving your no deposit welcome bonus for binary options, you need to pay attention to two important points.

A bonus always has rules for its use. Very often they are quite simple - you can make a profit from the trading process without withdrawing the bonus itself. More often the profit can be taken only if you have made a certain number of trades on your account. Sometimes you have to make a deposit in order to take the profit. And almost always such a deposit without deposit from a broker has a time limit on how long you can use it. Remember, no one just gives money away, and if he does, it ends very badly, so such promotions always have restrictions.
Traders, excited about free money, rarely read the rules, and then get upset after clarifying the conditions, but it's too late. So carefully read everything that is written on the website about getting a no deposit bonus for binary options, so as not to call the company bad words afterwards.
The amount of the welcome bonus does not have to be very large. 100$ is already a lot! Can you imagine how many traders would want to get that money? 10 people is 1000$, and what if there are 500 or more traders?
Large bonuses will have strong restrictions, here we have to go back and read the paragraph above. If there are no serious conditions for the trading of this money, then we recommend reading the article about why a broker goes bankruptIt will be just right for this situation.

In any case, don't be especially afraid of these no deposit bonuses for binary options, especially if you really don't need to invest. If there is such a promotion, make the most of it. We know brokers who have been offering such deposits for 5 or more years and are still running successfully. But be sure to read the rules!

Option 2. Coupons that are handed out on forums

Free Binary Options Trading Coupons - is what companies hand out on forums and sites under different nicknames. Usually these are company representatives or partners who are involved in the process of attracting customers for a commission.

In this case, such coupons are not much different from a welcome bonus, except for the form of applying for such a bonus and the possibility (not always) to receive it not only for new customers. And sometimes it is the same bonus, just called differently. So all the important points described above are typical for it.

Option 3. Binary options contests with prizes

The last method of non-deposit binary options trading is contests. They also happen not so often because of the rather modest capabilities of standard binary options platforms and difficulties with monitoring, but even we had them happen when the broker gives the opportunity to trade binary options through MT4.

The contest is simple - you register for free and trade. At the end of the event, the most successful traders receive their prizes - bonuses with an opportunity to withdraw them or trade in the company. Both options give you the opportunity to trade binary options for free, without a deposit.

A serious disadvantage of this method of non-deposit trading is the time-consuming and low probability of winning a prize. Of course, if you are a contest guru or have serious trading results, then you can be confident in yourself, if not - you have to rely on luck and your own strength.

One way or another, contests help you not only get your bonus, but also try your hand at trading. So, even if you don't win a prize, you will gain experience for sure. ForTrader.org experts recommend you to use this opportunity more often.

Will there be any consequences from using no deposit binary options in the future?

This question is often asked by newcomers, fearing that the company will want to return their "investment" in a future client. From our many years of experience, we are almost 99% sure that such situations do not occur. We leave 1% to dishonest brokers and super-profitable clients. In other variants it is necessary to understand that the company gives you the bonus exactly for you to try yourself in the conditions of trade approaching to real, therefore it is not advantageous for them to change something. They are interested in you as a client.

Pros and cons of no deposit binary options

So, no deposit binary options - a phenomenon quite traditional and quite accessible to traders. His positive feature is is the opportunity to try the broker's services for free and even make a profit.

Negative - the fact that it will be very difficult to take profit from such a bonus. If everything is clear with the contest, the welcome can be very insidious. For example, right now there is a similar promotion at one of the companies where you get 30$ to your account instantly but you have to earn 1200$ from these 30 or make 4000% to withdraw profit. Fulfilling these conditions is possible, we have had precedents at contests, but they can take much longer than the 3 months when the promotion takes place. What in the end, the action is there, the money is there, but it is not much different from free binary options on a demo account. Better then contests...

So, yes or no?

When drawing conclusions about getting and using no deposit binary options, it is safe to say that no one will give you money for free. You will have to pay for everything "free" with time and effort. To avoid wasting both, read the terms and conditions carefully. Be sure to use them if you are a beginner and have nothing to lose: a demo or a bonus makes no difference. Trade in contests and watch the leaders' successful trades - it's great practice. Good promotions happen, but they don't happen often, keep an eye on company news and good luck with no deposit binary options!

This article is featured in the 96th issue of ForTrader.org magazine

Looking for stocks and your broker

Articles on the subject: