Binary options trading has been taking financial market trading by storm since its inception in 2008. Investors like to trade binary options because they are simple to understand and can often be placed with just a mouse click or two. Another appealing thing about them is most likely a trader will know the result of their trade much sooner than other forms of market trading. It is a form of market trading that continues to grow in large numbers year after year. One of the other things that is unique to binary options trading as opposed to other forms of market trading, is the generous bonuses that some binary options brokers offer.
Best Binary Option Bonuses
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Trading bonuses are a great way to get extra money to trade with. Many binary options investors consider them to be ‘free money’ to trade with because the bonus money is used in a traders account just like any other funds that were deposited in there. An investor can use the money to make more trades or even withdraw the money after certain bonus conditions are met. Not every binary options broker offers bonuses but a large number of them do.
Here are some of the more common bonuses you will see binary options brokers offer:
This is by far the most common type of bonus that binary options brokers offer. These types of bonuses are what the customer receives when they make their initial deposit when joining the site. They can range anywhere from 5% – 100% and the amount of the bonus usually directly correlates with the amount of an investors initial deposit. Needless to say it can add up to being quite a lot of ‘free money’ for a binary options investor to place trades with. Usually the bonus money cannot be withdrawn until an investor trades a certain dollar amount after receiving the bonus.
These bonuses are not as common as signup bonuses but many binary options brokers do give them out as a way of saying thanks to faithful customers. These are bonuses that are given to an investor on deposits that are made subsequent to the deposit bonuses. The percentages that come with these are usually smaller than signup bonuses but any time a user gets bonus money to trade with they can’t complain.
This is usually a bonus that gives a percentage back on the losing trades that a customer has during a calendar month. It is very similar to a cash back bonus program that credit card customers often get. These types of bonuses are usually in the 5% – 10% range but there are sites that have higher and lower percentage figures associated with these bonuses.
Most binary options brokerage sites will post bonuses where they can be clearly noted on the website because that is one way that a binary option broker attracts new traders. If a trader likes a site and they are not sure what bonuses they offer, then a quick call to one of their customer service reps will get this question answered for any investor.