Author: Jacob Bailey
Market Analyst
Jacob Bailey

Binary Options No Deposit

No Deposit

No deposit bonuses are the preferred choice as they allow you to trade without risking your own money.

Bonuses are offered by many brokers and they take many forms. No deposit bonuses however do not require you to add any funds and this is great for new traders. This means you can simply register and receive your money. By using the free bonus you can make some mistakes knowing that it isn't going to cost you personally.

In this article, you will learn:

  • Why many traders are favouring this bonus
  • How to use your free no deposit bonus
  • What to consider when choosing your broker

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
Boss Capital Logo
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1.0 Blacklisted
Stockpair Logo
Stockpair Screenshot
1.5 Blacklisted
anyoption Logo
anyoption Screenshot
1.4 Blacklisted

How to Use Your Bonus

So, you have signed up to your binary options trading account and received your no deposit bonus. Now you need to make sure you spend it wisely. Let's take a look at the best way of using the bonus:

Get Familiar With The Platform

You may choose to use the funds to get familiar with a platform and try out both the web platform and the app. Making sure that you are happy using the platform in a live trading environment will ultimately improve your trading experience. While many brokers offer a demo or virtual account, which you should take advantage of, it's never quite the same as trading for real.

Place Your First Trades

Nothing beats the buzz of trading using the live environment. This is your opportunity to place a few low value trades with no risk. Using the funds wisely on small trades will allow you to gain real experience and reduce your risk of making mistakes when you start to trade with your own money.

Be Really, Really Patient

Some traders who trade wisely and play the long game can make the bonus money go a long way and build up a decent amount of capital without it costing them a penny. This takes patience, a strong will and careful, calculated trades. If this sounds like you then you could benefit enormously from a no deposit bonus.

Build Your Confidence

For those of you who are a little hesitant about trading and want to build up your confidence this type of bonus allows you to make your mistakes whilst learning. You may be undecided on which assets to trade on and be struggling to make the choice between gold and currency for example. Using the bonus to trade on both will allow you to decide before you start trading with your own money.

A no deposit bonus is an excellent introduction to trading for new traders or those looking to switch brokers and try a new platform. It allows you to familiarise yourself with the various aspects of trading before you risk your own money.

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Why Brokers Offer Deals

It may seem like an offer that is too good to be true but why do so many brokers now offer a no deposit bonus? Well the answer to that is really quite simple and logical. By offering funds to new account holders the binary options trading broker is minimising the risk to the trader therefore enhancing their chances of that trader opening an account with them. Simply put the trader is getting something for nothing and can dip their toe in the water without it costing them anything.

You may be considering entering the field of binary option trading and be keen to trade on a specific asset. You may be considering and researching the types of trade that you want to make and how often or how much you will be trade. As keen as you may be you are probably feeling wary of risking any money without knowing what you are doing. If there was a way to try before you buy you are much more likely to take advantage of this.

After experimenting with a binary options no deposit bonus, traders are more likely to continue trading and start investing their own money, developing advanced techniques and strategies. Brokers essentially want people to trade with them and by offering such a low risk incentive the account holder is more likely to choose to trade with them and make a deposit to their account. It's an investment by the broker into potential account holders.

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Bonus Information Overload

Finding and choosing one broker is complicated enough but if your brain is whirring now with the possibilities of signing up to multiple brokers to take advantage of multiple bonuses then stop and consider how beneficial it may be in the long term. If you are new to trading and keen to learn the ins and outs you will find that signing up to multiple platforms will lead to confusion and perhaps not be as helpful as you may think.

Each binary option trading platform is different, offers different trading options and a different trading experience. Each mobile platform will be different and the layout of where to find things won't always be the same. Some will have apps to download, some won't and some won't even have a mobile responsive website.

  • Make sure the broker platform is easy to use and functional on both desktop and mobile
  • Do they have good feedback and reviews?
  • Can you find out about them online, do they have a good online presence?
  • Do they offer a virtual/demo account?
  • Are there educational videos and webinars?
  • Does the broker offer trading on multiple assets or is it restricted to just a few?
  • Can you enter tournaments to win extra cash on top of your trades?

Signing up to multiple platforms will mean you have a lot more information to take on board and a lot more factors to consider. We recommend finding one broker by using our helpful reviews and information and getting to know that platform. Spend your time getting to know everything you can about that particular platform and how to navigate around it.

This means you can simply register for your account and receive your bonus.

We Show You The Best Deals

We have done a lot of the work for you by bringing you only the best when it comes to binary options trading brokers but there are some things you should look out for if you decide to do your own research. Being attracted by the bonus alone is not a reason to choose a particular broker.

There are so many brokers that offer these no deposit required bonus types that you are spoilt for choice so what can you to narrow your selection?

We have researched the market place and looked at many of the bonuses on offer from various brokers to bring you the best choices when it comes the best option for you. We use our extensive knowledge and experience to review each broker and each aspect of what they have to offer so that we can help make your decision be more informed and your experience more satisfactory.

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

No Deposit FAQ

How do I find the best no deposit brokers?

The trick is to look at our recommended brokers and see what bonuses they are offering. You may be able to find brokers elsewhere that offer better bonuses but they aren't necessarily better brokers.

Can I withdraw my profit without problems?

With binary options trading accounts you must turnover your initial deposit a certain amount of times before you can withdraw profit if a bonus is involved.

Do these bonuses have any limitations?

Although you can open up and start trading on either a demo account or a real money account, you will not be able to withdraw any profits until you have deposited real cash and turned it over a specified amount of times.

Are all no deposit brokers safe and trusted?

We are happy to put our name to any of the brokers we recommend as we have thoroughly checked them, reviewed their features and processes and tried and tested them ourselves.

Can I have more than one no deposit account?

Yes you can! If they offer a no strings bonus then you can take advantage of this and test out the different platforms to see which one works best for you.

Meet The Author
Jacob Bailey
Jacob Bailey
Market Analyst

Jacob has been an author for Binary Options Expert since our launch in 2012. He has over 40 years’ experience in the financial sector and has held a variety of positions within financial services corporations and venture capitalist organisations. Learn more.

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