Binary options bonuses can give you extra money to trade, sometimes for free, but often as an additional percentage of the amount deposited into your account (‘deposit match’ bonus).
Binary options brokers are always eager to attract new traders. One of the main ways to gain new customs is to offer bonuses. This can come in many forms, from simple deposit bonuses or risk-free trading to more sophisticated educational aids and high-tech devices. Brokers know how to attract new and existing traders.
Here we list and compare all the bonuses for 2024, and explain the points ensuring that the bonus you receive is a real boon and not a source of frustration. We can take a look at some popular bonuses and claim them at the right time. It also explains why some of the pitfalls and all those lights aren’t gold.
Best Bonuses for Vietnamese Traders in 2024
What are binary options trading bonuses?
Binary options bonuses are broker recommendations designed to give traders extra money to trade or minimize losses on wrong trades. Offers are usually in the form of welcome bonuses or sign-up incentives are sometimes called. Of course, welcome offers are also incentives for new customers to join that particular broker.
For example, it comes in different forms:
- No deposit bonus
- Deposit Match
- Risk Free Trade
- Educational Materials
- Hardware or merchandise
Bonuses always come with terms and conditions. This terminology is the most important aspect when comparing bonuses. For example, a small ‘no chain’ bonus can be much more attractive than a large one with very limited terms and conditions.
Welcome bonus
Let’s take an example. The most popular form of bonus is ‘Deposit Match’. From here, when a new trader opens an account, a bonus is generated for the first deposit. This is usually the deposit rate. Assuming your deposit is a 50% bonus deal:
- Deposit agent $200
- A 50% bonus ($100 in this case) will be added to your account
If the bonus number that matches the deposit is 100%, the same trader will receive a $200 bonus.
Risk free trading
Risk-free trading is another simple form of reward. One attraction of the no-risk bonus is that the term is generally less restrictive. Risk free trading gives traders the opportunity to trade. If they win, they keep the profits.
Some brokers offer three to five risk-free trades, all of which work the same way. But the more transactions, the more conditions. For example, for risk-free trades, brokers are more likely to pay cash with prizes. You can withdraw money immediately. If a broker offers a more risk-free trade, it must be “transferred” several times before all winnings are withdrawn.
This is one of the reasons why terms are so important when comparing bonuses. At the bottom of this page, we take a closer look at risk-free trading and explain why there is always some degree of risk.
No deposit bonus
The ‘no deposit’ bonus is exactly what the name suggests. The bonus will be credited to your account without first depositing. This is an attractive option for traders, but it is important to read the terms and conditions as described above. If there is no deposit, a very high turnover rate is often required prior to withdrawal and this requirement is usually met within a short time.
When terms and conditions get tough, live accounts with ‘no deposit bonus’ actually work like demo accounts. The reason is that these bonus funds are less likely to be withdrawn and are not real French money until certain strict criteria are met.
This type of bonus is also very rare. It does not work well for brokers or traders. In recent months we have moved to ‘risk-free’ trading, no deposit bonus. This allows traders to use a real cash platform, but few transactions without financial risk. Brokers now tend to offer trading bonuses or risk-free deposits.
Best time to claim bounty
The best time to claim benefits is usually not at the time of the first deposit. For some brokers, the best course of action is to lower the bonus by opening an account with a minimum deposit. Then, after the trading period, call the broker to negotiate a bonus based on a larger deposit yourself. This is especially effective if the amount invested is larger. The bigger the second deposit, the better the bonus conditions.
If that seems like too much of an issue, new traders should definitely investigate the potential bonus and see if it works. See if you can comfortably meet your bonus terms without changing your trading habits. Pay special attention to the revenue requirements and the time limits that must be met for the time limit.
Terms of Use
There are certain issues that traders need to be aware of when comparing bonuses. All of these problems usually fall under one term somewhere, so it’s important to define them. Here are some details to look out for when examining the fine print of the bonus deal you find:
- Withdrawal Limits – Almost all bonuses include: For example, revenue requirements must be met and within a certain time? The larger the deposit, the more restrictive. The $100 bonus requires you to spin 20 times or more which means $2000 worth of trades.
- Is your deposit locked? – There is a bonus form that actually locks the initial deposit and deposit, so nothing can be withdrawn until the turnover requirement is met. Thankfully, these bonuses are rare, but they have great advantages for traders. It is best to avoid all brokers that use these types of terms altogether.
- How are bonuses paid? – Are the bonus funds separate from the deposit? Then it’s usually better.
- How is the prize paid in a risk-free trade? – The proceeds will be converted to the account or added as a bonus fund (his condition is met)
Find the best offer
As we mentioned, finding the ‘best’ binary options bonus is when you explore the terms and conditions. That way you can determine if the bonus fits your trading style. If you are not overtrading and those conditions are not met, a big bonus with limited terms will not be worth it. Small bonuses with few restrictions may welcome trading funds. In terms of rewards, the biggest isn’t always the best.
Finally, a reputable high-quality broker can easily withdraw the bonus. Some may even cancel bonus deals on the go. The brokers who paid the bonuses seemed to be on time. If the reward doesn’t suit you, decline.
Why don’t you want a deposit bonus
Deposit bonuses are a common feature among binary options brokers these days, which they use as a charm for new traders to open and fund their accounts. Who wouldn’t want free money? But is the matter really free? There are many reasons why a bonus might not look free and why you wouldn’t accept it.
Minimum Trades – All bonuses come with a minimum trade. The amount must be reached before the bonus amount can be withdrawn from the account. The minimum amount is 2000$ as deposit and initial bonus and if you get 50% bonus, the minimum amount is based on $3000. The average minimum trade amount is 20 to 30 times the total account value. We have seen 15x, 40x or 50x higher value of the total account. In other words, an account with a total of $3000 must make a total of $45,000 in trades before receiving the bonus. I want to trade 1% of my account at once so that one of my accounts doesn’t go down even one trade 45k divided by 30$ in a 3,000$ account doing 30$ at a time point is 1500 transactions. Of course, larger transactions can be made to clear the minimum faster, but they can also lead to catastrophic losses.
Time Limit – Not all but some deposit bonuses have a time limit. Normally 30 days, 60 days or 90 days. That is, before withdrawal, the minimum of the transaction must be reached before the time limit ends. We don’t mean to imply that you can’t change $3,000 to $45,000, but consider that opportunity within 30 days. You may not want to trade more than your budget or system allows. The time limit can be another reason to shoot stars, trade more often than usual or trade more and risk your portfolio.
Withdrawal-The bonus makes it difficult to withdraw money from your account. Some shady brokers are unable to withdraw funds until they meet the minimum trade limit. Brokers you can not withdraw some bonus or profit depending on the bonus. In either case, the provisions of the terms usually lose all bonuses and all profits with all withdrawal requests before the withdrawal requirements are met. You can withdraw some if you trade $3,000 account up to $10,000 or $15,000.
According to this broker (OptionYard), the bonus cannot be exchanged for cash value and is very shady.
Free Sign Up Bonus – $50 or $20 free signup bonus is not uncommon these days. This is a free bonus you can get when you sign up for an account and no deposit is required. It may be. The only way to receive the bonus is to make a deposit and then meet the bonus requirements. In addition to the signup bonus, you can also get a deposit bonus as well. This means that bonus requirements can be quite high. Check the case of your preferred broker.
There is a reason why brokers continue to use bonuses as incentives. They know that the average binary options trader is more likely to lose all of their money than to clear the bonus requirements. This is why the minimum requirement is too high and the time limit is too short. To achieve the bare minimum, you will have to engage in risky trading behavior. Every time you want to accept a bonus, read the terms of use and fully understand what you need to clear the minimum value. Like everything else in life, not all brokers are the same, and bonus policy and bonus for bonus is indeed the case in your case.
Bonuses are usually automatically applied to your account when funded, so make sure you can opt out of the bonus before committing. To disqualify you, it is the seller’s responsibility to contact your account representative. Some brokers sometimes offer different bonuses, so please read the terms before accepting them.
Risk Free Risk Bonus
There is a risk that free trades that the average binary options trader may not be aware of. Fortunately, we can tell what to look for.
There are some obvious advantages to using a risk-free trade, but you won’t lose it, but in reality you have a downside to the equation that can make you think twice about using it. Here’s a description of some of the types of offers you can find and why the respective ads aren’t as dangerous as they are advertised.
Free or no bonus $50 offer</h3 > Some brokers will give you $50 free to start trading. This sounds great and is a potential way for traders to leverage their brokers for demo trading purposes. Of course, $50 should be enough to make a deal.
To strengthen the deal, some brokers tell you that you can withdraw $50 if you meet the minimum requirements and the number of trades. This is not uncommon in itself and there are terms in the bonus. But pay attention to the other relationships involved. The minimum deposit is a mandatory requirement for withdrawal and corresponds to the No Deposit Bonus. Of course you can get Of course, you can only withdraw after deposit. This deposit can be much higher than the initial bonus.
Free demo or risk-free deal
Some brokers offer free demos to potential clients using just an email address. You don’t have to worry about it, but it’s better to get an email to get the service for free.
The bad thing is that it advertises the free demo and requires a deposit to get it. Bait and switch. The demo is free if you deposit with us. Worse, most brokers using this tactic are actually using the demo deposit and bonus without providing a demo account. The required withdrawal volume is minimal and cumbersome. We don’t list brokers that work like this, but it’s worth recognizing.
Refund Program
Are cash rebates really that good? This usually requires a certain minimum deposit, a certain minimum maintenance balance, and a trading volume. But here’s what you need to know – some rebates only pay you back for your losses.
If you are a loser that month, you will recover some of your losses, and if you are a net winner, you will receive nothing. The kicker is that if you are a net loser, you must make another deposit (if any) to maintain your balance requirements. Some discounts don’t require a minimum balance, so you lose money.
In addition, rebates are usually paid in cashon their own terms. So they’re usually not as appealing.
Trade without risk
The worst part of risk free services is trading out and risk free. Some brokers offer risk free in first, second and third trades. They always come with a minimum deposit and automatic bonus.
If there is no automatic bonus, the lost money will be replaced by the bonus. Your balance remains the same. Did you make a risk-free trade or lose money? Real money has been turned into a bonus fund with a withdrawal period attached. There are still some risks.