Binary Options trading may sound complicated, but it is in fact a simpler way to trade than other more traditional options and currencies. Similar to traditional options, binary options have a
- Premium
- Strike Price
- Expiration
The difference: With binary options, the “premium” amount for the option is chosen by the trader themselves and the expiration timeframes are much shorter. Traditional options carry an expiration range of a week up to a couple of years. Binary Options on the other hand have an expiration range of less than a minute and up to a few days.
Here are some of the most common types of binary trades available:
The Up/Down or High/Low Trade
This is the most common option. A high figure is set along with a low figure. Whether the price will finish higher or lower than the current price at the time of the expiration, will determine outcome.
Ladder
Similar to an Up and Down type trade, the Ladder will have a pre-set price level which is laddered. Pay outs with this type of trade go over 100% – on occasion.
Touch/No Touch
With set levels which are either higher or lower than the current prices, the trader will need to predict whether the price will touch the levels before the expiration time. The trader will be able to close their position before the expiration time. Should the price level be touched before the option has expired, the trader will be immediately paid out.
In/Out
Also referred to as the Range or Boundary option, with this traders will be able to set a high figure and a low figure. They will then predict whether or not the price is going to close inside or outside of the levels.
What are the Advantages of Binary Option Trading?
Regardless of the type of binary option a trader chooses when they begin this specific type of trading, they will enjoy a range of advantages that will make it worthwhile. Be it Forex trading or stock indices, traders will be able to trade using the binary option on all of the markets. Traders can limit the amount of losses they incur by simply limiting their stakes. Trading can take on a range of durations, with both short term and long-term positions available.
Traders will have more control over their market predictions because they can predict the movements. Traders don’t need to be incredibly skilled. Some trading will require the trader to have immense experience and know-how to get to their profits. Binary trade is perfect for those just starting out in the industry.
While binary option trading has been around for quite a long time, but it remains one of the options that is best for those who are keen to be a little innovative when it comes to Forex trading. This is also, without a doubt, the easiest way to start trading and investing in the various financial markets. There is a limited risk involved with binary options and the rules are incredibly easy to follow.
It is not difficult to make a success of binary option trading when solid groundwork has been lain.
You may also be interested in – What is Binary Trading?
Binary Options No Deposit Bonus
As a trader gets more involved in binary trading, one of the first things they will come to realize that some brokers will offer a binary trading no deposit bonus. What this means is that a trader will not have to deposit any money to get started as a binary options trader. As professionals in the trading sector, we have employed our know how and experience to provide options traders with a guide to the best binary options no deposit bonus offerings available.
What is a Binary Options No Deposit Bonus?
A binary trading no deposit bonus is one of the most common offers a trader will come to encounter when getting started in binary options trading. This is a completely free amount of money offered to traders with which to begin trading and requires no deposit to make a start. This is an excellent way for brokers to attract new traders, and allows new users to get started with live trading without any initial funding.
How Does a no Deposit Bonus Work in Binary Options Trading?
The workings of a binary options no deposit bonus is in actual fact quite simple. This is a free bonus which traders can receive through a verified registration on a binary trading site which has this option on offer. This is not only a risk-free move for traders but an ideal way to start live trading without running a financial risk. This means a positive shift for traders in terms of a risk to reward ratio. The bonus on offer will typically be credited to the traders account upon verifying their ID and residence documents for trading. Typically, these types of binary bonus options are offered to beginner traders and will range in value up to $50 as a binary options no deposit welcome bonus. Sign-up bonuses may typically range in value from $5 to $50.
Here is an overview of the 9 Best Binary Options Brokers with a No Deposit Bonus Offer:
Please note: Bonus options available at time of publishing. Traders must confirm if the offer is still available.
Binary.com
- $10 Options No Deposit Bonus
Binary.com is an online binary options and CFD trading platform owned and managed by the Regents Market Group, regulated by the Malta Financial Services Authority as a Category 3 Investment Services provider.
Accounts on offer include
Virtual Account
- Preloaded with $10,000 virtual cash
Standard Account
MT5 Account
- CFDs on forex, cryptocurrency and a range of other financial markets.
Assets available for trade include
- CFDs
- 4 types of binary options
- 30 currency pairs
- 4 currency indexes
- 28 market indices
- 40 types of stocks
- 5 types of commodities
- 7 types of market volatility indices
Multi Lingual Customer Support is made available via live chat.
Hirose
- Free $10 No Deposit Binary Options Bonus
Hirose is a dedicated forex and binary options trading broker authorised and regulated by the Financial Conduct Authority (FCA).
One live account is partnered with the following two trading terminals
- MetaTrader4
- Lion Trader
Assets available for trade include
- MetaTrader4 offers 45+ Currency Pairs
- Lion Trader offer 50+ Currency Pairs plus Binary Options.
Customer Support is made available via Phone, Live Chat, Contact Form, Email Address and Skype respectively.
Pocket Option
- 50 USD NO Deposit promotional bonus
Pocket Option is a Binary Options Broker which is regulated in the Marshall Islands (IFMRRC).
Accounts on offer include
Demo: Loaded with $10,000 of virtual funds
Live Account: Live Binary Options Trading Platform
Assets available for trade
- Stocks
- Indices
- Commodities
- Currencies
Customer Support is made available via email and phone.
Ayrex
- $30 Binary Options No Deposit Bonus
Ayrex is a binary options broker situated and headquartered in Saint Kitts and Nevis. One standard account with an Islamic Option is made available partnered with the companies own unique proprietary platform.
Customer Support is made available 24/5 via email and live chat.
PWRtrade
- $50 Options No Deposit Bonus
PWRtrade is a binary options broker owned by GM Capital.
Accounts on offer include
- Bronze account
- Silver account
- Gold account
- Platinum account
- Diamond account
With over 120 Tradeable assets on the company’s Proprietary Trading Platform.
Instruments available for trade include
- CFDs
- Commodities
- Metals
- Stocks
- Oil
- Gold
- Binary Options
- Indices
Customer Support is made available via Email, SMS and Live Chat.
PrimeTime Finance
- $100 NO-Deposit Bonus Options
PrimeTime Finance is a Binary Options provider regulated by CySEC and MiFID respectively. The company offers a vast range of Binary Options contracts on numerous assets across different financial markets currency pairs and commodities, stocks and indices.
Account Types on offer include
- Micro Account
- Classic Account
- Premium Account
- VIP Account
Customer Support is made available via live chat, phone and email.
Other Binary Options Traders who may not offer a No Deposit Bonus offer at this time, but are considered as Reputable and Regulated include the following 3 Brokerage Firms.
IQ Option
Minimum Deposit: $10
Minimum Trade Amount: $1
Tradable Assets: over 300 assets
Demo Account: Yes
The main reason why traders choose IQ Options for binary options trading is the low minimum deposit. IQ Options puts their trust in the company’s own software and, so do their clients. IQ Option constantly updates its software and the interface is highly intuitive. Users are not required to download any other software in order to trade.
Binary options traders can choose to open a demo account, where the broker offers 13 trading assets. The Live Trading platform has more than 500 underlying assets available to South African traders. IQ Option has a minimum trade price of $1, with the maximum option price set at $5000. IQ Option takes no fees or costs for trading Binary Options.
General Risk Warning: The financial products offered by the company carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.
Spectre.ai
Minimum deal size: $1
Free demo account: Yes
Built-in economic calendar: Yes
Min. expiry time: 10 seconds
Max. pay-out percentage: Up to 83%
24/7 support
Spectre is an Ethereum blockchain powered broker-less trading platform, bringing binary options trading into the blockchain realm. Spectre.ai offers traders a smart option on a lot of different investment options Including currency pairs, commodities, selected cryptocurrencies or fiat currency pairs.
Binomo
Minimum Deposit: $10
Minimum Trade Amount: $1
Maximum Return: Up to 85%
Tradable Assets: 80
Trading Platform: Proprietary Trading Software
Regulated by: CROFR
Demo Account: Yes
Pay-out Percentage: Ranges from 70 percent to 87 percent – based on the underlying
asset, the account type and the market situation.
Binomo is registered in Seychelles and has received an FMRRC certificate. The minimum deposit for the gold account on offer is $500, the VIP Account – $1000. Binomo relies on modern SSL security certificates. The Binomo demo account offers $1000 of virtual money and the expiry time for the options usually ranges from 15 seconds to 1 day on this platform.
What are the Main Differences Between No Deposit and Deposit Bonuses?
As popular as the free binary trading no deposit bonus offering is, there are multiple other bonus types on offer. The main alternative bonus offered by binary trading brokers are deposit bonuses which will often come in the form of a deposit match bonus. This option will differ in several ways from the no deposit options, including:
Deposit Requirement
One of the main differences when it comes to a binary options deposit bonus is that a deposit is required. This is not the case with the no deposit binary bonus options.
Bonus Size
The typical bonus size when it comes to no deposit bonus options will vary between $5 and $50. Some may get a larger binary trading no deposit bonus and should be viewed with caution. Deposit bonuses on the other hand can characteristically reach as much as $500, thanks to deposit matching.
Fixed Amount vs Variable Percentage
The nature of binary option bonus no deposit types is that they are a fixed sum. This is the result of them not being dependent upon any set deposits. Deposit bonuses in binary trading on the other hand, can range between 10% – 100% depending on the traders chosen broker and conditions.
Trading and Withdrawal Conditions
Trading requirements and withdrawal conditions are generally strict for both deposit types. This may include specific restrictions on when bonuses can and may be withdrawn. The conditions on even the best free binary trading no deposit bonuses are often remarkably tougher. Traders should carefully review the terms and conditions prior to accepting any bonus this may essentially make entering and exiting trades much more difficult than usual.
In Conclusion
As with all forms of trading and bonus offerings, there are obvious advantage and disadvantages. With binary options no deposit bonus offerings – this is no different. Traders should always take both the good and bad into account before making a final decision.
The Good – Or Pros
A binary trading no deposit bonus effectively gives traders a free opportunity to begin trading without running a risk. Regardless of the trading terms restrictions, this is an excellent opportunity for traders to learn more about the binary options trading market. There are multiple similarities between the no deposit bonus situation and trading through a demo forex trading account with a reputable and regulated broker. Traders will have the same ability to experience live market trading conditions at no monetary risk, allowing traders to develop their trading style without fear of costly mistakes. This educational experience is important in all types of market.
The Bad – or Cons
- Highly Restrictive Terms and Conditions
- Unrealistic Turnover Rates
- Declining Popularity
Ultimately, the provision of a binary options no deposit bonus is ultimately positive as long as the trading conditions are in the traders favor, or at least achievable. Traders should always have an opt-out option, and not feel pressured into participating in bonus trading. Forex Brokers who promote their offerings through pressure and over-enthusiasm should be treated with caution and skepticism.
Featured SA Shares Writer and Forex Analyst.
Top 4 Brokers
