Binary Options brokers off several different bonus offer types in order to encourage potential traders to open accounts. The most common bonus is the deposit bonus. The deposit bonus is a percentage bonus on the initial deposit amount which is credited to the traders account. As an example a 50% deposit bonus would mean that a trader who deposits $200 would receive a $100 bonus.
The Binary Options No Deposit bonus is free trading money deposited into the traders account before he actually deposits his own money. The no deposit bonus gives the trader the opportunity to test his trading strategies and the trading platform without having to risk his own money. Other bonuses include Risk Free Trades, Refer a Friend and Insured Trades.
Binary Options Bonus Terms and Conditions
Most bonuses have withdrawal conditions. Most commonly these conditions are expressed in terms of a trading multiple. The trading multiple is a required trading volume that must be met before a trader can withdraw his bonus money. The multiple can be applied to the deposit and/or the bonus amount. For example a 20X trading multiple on the bonus + deposit amount on the above 50% deposit bonus would require the trader to make $6000 (20 x $300) in trades before he could withdraw his bonus amount. Some brokers will restrict withdrawal of even the deposit amount before the trading multiple is met. It is extremely important for traders to the bonus terms and conditions before accepting a bonus offer.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.