Author: Shelly Burns
Broker Specialist
Shelly Burns

Binary Options Bonuses

Trading Bonuses

All traders should take advantage of the best bonuses on offer to increase your trading profits.

Not only do brokers want you to trade with them but they want you to keep coming back and so, nearly all binary options brokers offer attractive bonuses. Many offer an array of different deals and it can be confusing to know which one you should choose and why. It's important you get the best deal to maximize your margins.

In this article, you will learn:

  • The different types of bonuses on offer
  • What kind of bonus makes a good deal
  • Why you should be taking advantage now

Recommended binary Websites Updated: February 2019

Risk Warning / Ad Disclosure

Risk Warning: The trading 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 trade 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 from referring new customers.

Websites You Should Avoid
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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

A welcome bonus is offered to new users that set up a new account and make their first deposit. Often the welcome bonus is the same as your initial deposit or a set figure. It is great for the first time trader because you can use the extra funds to gain some valuable experience.

Deposit Bonus

As the name suggests the deposit bonus is offered when the trader makes a deposit. It is usually offered as a percentage of the deposit rather than a fixed sum and can be offered to new and regular customers.

No Deposit Bonus

Quite simply it is what it says, a no deposit bonus. This is very popular with newer traders in that there is no financial risk. You simply register an account and get free money to trade with. The hope of the broker is 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.

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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 with. If you deposit $250 and play with $250 dollars at $2 per trade that's 125 trades. Whilst that is a fair amount of trades just 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 great to have if you want to experience trading in new markets. You may be used to trading 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 new experience you are opening yourself up to a whole new potential profit stream.

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What is The Perfect Bonus

The type of bonus you should be looking for depends on you, the individual and your experience when it comes to trading. As discussed above there are many different types of binary options bonuses on offer but which should you be looking for and what makes the perfect offer for you?

  • For new traders, the no deposit, welcome bonus allows you to get familiar with the platform and practise trading with real money rather than the virtual funds of a demo account. The money is yours and the winnings are yours
  • If you want to try trading in different assets or different markets any bonus funds are great for no risk trading
  • Placing different trades - If you are already using a platform but making a new deposit, the deposit bonus can be used to try new types of trades other than the usual call/put options
  • Use a deposit bonus to try a new trading strategy without risking your own funds
  • Using any type of bonus successfully will help you to increase your account balance
  • If you are switching platforms a no deposit bonus will allow you to test a different trading experience. A mobile bonus will help you to try a different method of trading using a mobile app rather than a web based platform

The deal that you choose will largely depend on your experience. If you are more comfortable placing an initial deposit then a welcome deposit match deal is a great way to get experience and get used to trading. If you prefer to try a broker without spending your own money then a no deposit bonus, while it is matched lower than a deposit type, is still the perfect way to start.

Why wouldn't you want to take advantage of the best bonus on offer to increase your profit.

We Show You The Best Bonuses

We rate bonuses based on the findings of our extremely talented and experienced team that know the online trading market inside out. We are dedicated to research the thousands of binary options broker bonus deals to bring you the very best in our comparison web guide.

Our findings are based on our extensive research over a sustained period of time and our knowledge is both accurate and up to date. We work hard to uncover the key types of bonuses and who offers what. We can advise you on the best welcome bonus if you are opening a new account or the best deposit match bonus for established traders.

Our findings are based on many different criteria and our time is spent doing the hard work for you. Whether you want to open a new account or add additional free cash to an existing one our evaluations will assist you to make the decision that is right for you.

Risk Warning / Ad Disclosure

Risk Warning: The trading 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 trade 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 from referring new customers.

Frequently Asked Questions

Bonuses FAQ

What different types of bonuses can I get?

There are many types available and they vary greatly from broker to broker. The most common are welcome bonuses where you receive either a deposit, matched deposit or no deposit bonus.

Can I withdraw a bonus for real money?

Binary trading bonuses come with terms attached. It is normal for a bonus to be held by the broker until a deposit has been turned over a certain number of times.

Do I need a special code to claim a bonus?

If you find a code through a website that directs you to a particular broker you may find a code to enter to be able to claim it. This isn't necessary all of the time though.

Can I use my bonus to trade all assets?

It is usual for bonuses to be available to trade in all assets unless there are specific exclusions laid out by the broker. Most regulated, reputable brokers won't have such exclusions though.

How do I use a bonus on a mobile or tablet?

Using a mobile or tablet should be no different to using a PC or Mac. You make your deposit and the funds go into your account.

Meet The Author
Shelly Burns
Shelly Burns
Broker Specialist

Shelly is proud of her current position as Head of Brand for a well-known organisation that owns several brokerages in the trading sector. She’s consulted for us since 2015 and readers can benefit from her insider knowledge of how brokers work. Learn more.

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