Check out the best binary options trading bonuses. Here you will find top offers from leading binary options brokers. Trading binaries isn’t for everyone, but if you got so far, then you probably want to at least test this financial instrument. However, if you want to start trading binaries, you should decide what type of trader you are, and what financial vehicle will be the most suitable choice for your strategy. The efficiency of your trading strategy will be greatly influenced by your broker and the terms he offers.
If you haven’t been in the stocks market for too long, then you probably have no idea why your broker may influence your trading style. However, here are some examples of how your broker’s terms and conditions may have a negative or positive impact on your strategies. If you are a technical trader, then you don’t need promotions and bonus strategies, because most of your decisions will be entirely based on analysis and charting. Meanwhile, if you are a scalper, you’ll need to make sure that your broker allows you to have a large number of positions open before the risk manager shuts you down.
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One thing you must remember when you start trading binaries is that nothing comes for free. Many of my friends who trade binary options inform me about different bonuses and offers that seem unbelievable, and in most cases they are just a good lie that is misunderstood by most people. If you want to make money, you should be prepared to invest and lose money.
Trading binaries is a unique opportunity to make money online and get a hefty passive income that will significantly improve your monthly budget. Keep in mind that you’ll need to read, try and fail many times before mastering binary options and becoming a complete binary options trader, who knows how to make the most out of the opportunities he spots.
By now, you probably know that the time has come for you to choose your binary options broker. Making this decision won’t be easy, considering the wide range of choices you have. Also, keep in mind that Cyprus binary options brokers are very different from the rest, because their operations aren’t regulated y FINRA or SEC. This means that you’ll have to follow different trading rules and limits. Of course, the lack of such regulations isn’t necessarily a bad thing – Cyprus brokers ignored regulations to create a new and unique trading vehicle that offers you a lot more than regular binary options brokers can.
I’ll assume that you have already reviewed a good number of brokers, and you know about their pros and cons, special offers, charts, tools and bonuses. You are familiar with the trading platforms they use, know about free trades, no deposit bonuses, client reviews, etc. You have already picked the broker whose services you are going to use, so it is time to open account and make your first investment.
Let’s assume that your first deposit is $1,000, and the broker will give you a 50% bonus, which will increase your bank to $1,500. Here are some things that you need to know at this stage:
If you are not satisfied with the bonus offered by your broker, you can always ask for a better one. They won’t necessarily satisfy your wish, but in many cases you may get a better deal. Keep in mind that the bonus money you’ll receive aren’t available for withdrawal. Most brokers want you to generate a trading volume at least 15 times larger than the amount of the bonus you received. In short, if you get $500 bonus, you’ll need to trade around $7500 before being able to withdraw the bonus money.
Meeting the trading volume your brokers wants won’t be easy, especially if you are not an experienced trader. However, you should be afraid to try again, because once you get the hang of it, it is very easy to generate the trading volume and withdraw your bonus. You’ll also learn to control your bonus/deposit ratio and increase your chances of meeting the required trading volume.
Carefully read your broker’s terms and conditions. Usually the bonuses they offer are capped. This means that if you invest $10,000, you won’t get a $5,000 bonus. Remember this, because traders often invest large amounts of money and expect a hefty bonus, but they are misled by the bonus cap of their binary options broker.
Usually, bonuses are very limited and protected by strict rules, because of several reasons:
Broker Side: Brokers always say that the strict rules are meant to get rid of bonus abusers and protect regular users.
Trader Side: The trader has full control over his bonus. For example, you can choose not to take it, or just take a part of it. Sometimes it is a good idea to take a smaller bonus in order to be able to meet the required trading volume. In short, it is always recommend using a bonus when you start trading, but you must learn to control your bonus/deposit ratio in order to be able to take full advantage of it.