Binary Options Bonus Types – What types are available, and how they work?
See the explanations below of the binary options bonus types to figure out which is best for your trading style.
Welcome bonus
Used widely online, in general the welcome bonus is a kind of promotion for, as its name indicates, new clients when you register and create a trading account. It is linked to the first deposit made by each customer in their trading account. These bonuses are usually a fixed percentage of the initial deposit made with the broker or a fixed amount deposited into the client’s trading account. From all binary options bonus types, this is the most used and most sought after by users.
Binary options deposit bonus – redeemable bonus
Each additional deposit by the trader may be eligible for other types of deposit bonuses. Deposit bonuses differ according to each broker. They are often associated with the amount deposited or the number of repeat deposits or the type of account held by the client. There are two types of deposit bonuses used by brokers to reward traders. The first is the redeemable bonus, which in simple terms can be described as a cash gift. When you deposit an amount of funds into your trading account this generates an additional amount deposited into your account by the broker, after you meet the requirements which are usually a specific value of trading volume. Then, the bonus money is truly yours to do with as you please, including withdrawing it from your trading account. When it comes to redeemable bonuses it is important to pay attention to the restrictions that the brokers place before allowing traders to withdraw the generated bonus value. Often, this is calculated by multiplying the value of the bonus by several investments intended by the broker.
Binary options deposit bonus – leverage bonus
The second type of deposit bonus being offered by brokers is the leverage bonus, which in simple terms is an interest-free loan, since it is composed of funds transferred to your account by the broker, but you can never withdraw this value. Instead, this amount may be used as leverage to allow a trader to place larger or more orders and thus increase the chances of higher profits. The leverage bonus does not belong to the trader, but it can be used like a redeemable bonus under certain special conditions. Sometimes brokers offer more than 100% leverage bonus to traders who deposit large amounts and show they are serious and committed to trading binary options.
Gadget offers such as Smartphones and Tablets
Many binary options brokers offer various types of devices, such as laptops, smartphones, tablets, iPhones or iPads. These offers are usually linked to deposits or trading volumes. Alternatively, some brokers give the device when a trader opens a specific account type. Generally speaking, the offers and promotions of gadgets presuppose the trader meeting certain requirements before he can claim the offer. Sometimes they are a good opportunity to acquire such highly sought after gadgets.
Refer-a-friend bonus
Certain binary options brokers are looking for ways to capitalize on the power of networking and offer traders incentives, in the form of cash bonuses, as a reward for referring friends to the broker. Typically, for every successfully completed registration, when the friend opens a trading account and makes a deposit, the client that made the referral receives a $50 bonus. The good part of this type of bonus is that it is unlimited. If you have a large circle of friends and acquaintances that you could convince to sign up and open accounts, you can receive substantial rewards. However, in doing so, you must be sure that your broker is honest because you are convincing your friends to trust your broker, and thus assuming a level of responsibility for the broker.
Risk free trades
One of the most useful types of promotion, although it is not very common, is granting every new trader who opens a trading account for the first time a certain number of risk free trades. In practice, this means you are safe, regardless of the outcome of these specific trades. If you end up with a profit you can withdraw the money, whereas if you have losses, you don’t lose money from your account, because the broker assumes the losses incurred in these trades.
Free demonstration accounts!
Offering free demo accounts is quite common in Forex trading, but not so much in binary options trading. That’s why some binary options brokers offer this as another type of promotional offer. With a demo trading account, you receive a certain amount of play money that can be used to trade. Demo accounts are directed to new and inexperienced traders as a way of allowing them to practice and learn in a safe fictional trading environment. New traders can learn how things work and feel confident enough to open a real account, deposit money and risk it in live trading. The value of the use of demo accounts as a learning process, however, is questionable, since trading in a demo account is void of any real pressure and other emotional factors involved in trading in a regular account, where the real money is at stake. A broker who offers a real account with money from the broker so the new trader can trade is rarer. Currently, our blog has an agreement with a broker who offers $100 in real money to be managed without requiring a deposit.
Binary options insurance
Another method used by brokers in their attempt to help traders get more for their money is offering binary options insurance to traders. In general terms, binary options insurance is applied to each client’s first trade with losses. All refunds of part or all of the account value depend on the terms and conditions applied by each broker. The value reimbursed can be real money in the client’s account, or replenishment of funds in the account funds, which works like a leverage bonus.
Binary Options Bonus Types – Conclusion
There are thus, many binary options bonus types. However, before you choose your bonus, choose the broker because it is preferable to receive an average bonus with a good broker who offers security, because he is regulated than to receive an excellent bonus with a broker who then brings you problems.
On this page we offer some binary options bonus types from some selected brokers. Visit and check out our Current Bonuses and Promotions for this month.
If you have any questions or suggestions about the binary options bonus types don’t hesitate to comment. You can also contact me by chat or from the contact page.
