Free real money for binary options

This broker (optionyard) says that bonuses can not be redeemed for cash value, very shady.

Best forex bonuses

A risk free trade is another simple form of bonus. One attraction of the risk free bonus is that the terms are normally way less restrictive. A risk free trade gives the trader a chance to place a trade, knowing that if it loses, they do not lose any money from their account. If it wins, they keep the profits.

Binary options bonus

A binary options bonus can provide you with extra money to trade with, sometimes for free with no deposit, but more often as an added percentage of whatever amount you deposit to your account (A ‘deposit match’ bonus).

Binary options brokers are always keen to attract new traders. One of the main methods for gaining new custom is to offer a bonus. These can come in many forms, from the simple deposit bonus or risk free trades, to more complex packages of training aids and hi-tech gadgets – brokers know how to entice traders, new and old.

Here we list and compare all bonuses 2021 and explain the key points to ensuring that any bonus taken is a genuine benefit and does not become a source of frustration. We explore some of the common types of bonus, and when the right time to take it might be. We also discuss some of the pitfalls, and why all that glitters, may not be gold.

Top bonuses 2021 for traders in ukraine

What are binary options trading bonuses?

A binary options bonus is an offer from a broker, designed to provide the trader with additional funds to trade with or to mitigate losses should a trade go wrong. Normally the offer is in the form of a welcome bonus, or a sign up offer as it is sometimes also called. Welcome offers are of course also an incentive for new clients to join that particular broker.

They come in a variety of forms, for example:

No deposit bonus

Deposit match

Risk free trade

Education material

Hardware or prizes

The bonuses will always come with terms and conditions. These terms are the most important aspects of comparing a bonus. A smaller ‘no strings’ bonus for example, might be much more attractive than a larger bonus that has some very restrictive terms and conditions.

Welcome bonus example

Let us take an example. The most common form of bonus is the ‘deposit match’. Here, when a new trader opens an account, their first deposit will trigger a bonus. This is normally a percentage of the deposit. So assuming the deposit was a 50% bonus deal:

A trader makes a deposit of $200

A bonus of 50% (in this case $100) would be added to their account

If the deposit match bonus figures was 100%, the same trader would get $200 in bonus funds.

Risk free trade

Some brokers will offer 3 or even 5 risk free trades, and they will all operate the same way. With more trades however, come more conditions. For example with one risk free trade, the broker is likely to pay out winnings as cash – immediately available for withdrawal. Where a broker offers more risk free trades, it becomes more likely that any winnings must be “turned over” (traded) a number of times before they can be withdrawn.

This is one of the reasons why when comparing bonuses, the terms are crucial. At the end of this page, we explore risk free trades in more detail, and explain why there is always some level of risk.

No deposit bonus

The ‘no deposit’ bonus is exactly what the name suggests – a bonus credited to an account without the need for an initial deposit. It is clearly an attractive option for a trader, but as explained above – reading the terms and conditions will be key. A no deposit bonus will generally require a very high turnover before any funds can be withdrawn, and this requirement will normally need to be met within a short space of time.

Given the terms and conditions are demanding, it becomes clear that a live account, with a ‘no deposit bonus’, will actually behave in much the same way as a demo account. The reason being, these bonus funds are unlikely to be withdrawn and are not “real money” until certain, strict, criteria have been met.

This type of bonus is also rare. It does not work that well for brokers, or traders. Recent months have seen a shift away from no deposit bonuses, into ‘risk free’ trades. This allows traders to use the live, real money platform, but place a handful of trades at no financial risk. Brokers now tend to offer either risk free trades, or deposit match bonus.

The best times to claim bonuses

The best time to claim a benefit is often not at the point of making the first deposit. With some brokers, the best course of action is to open an account with the minimum deposit – turning down any bonuses. Then after a period of trading, call the broker and negotiate a bonus directly with them, based on a larger deposit. This is particularly effective if there is a larger sum to be invested. The bigger the second deposit, the better any bonus terms will be.

If that seems too much trouble, then new traders should certainly research any potential bonus – and ensure it will work for them. Make sure any bonus conditions can be met comfortably – without having to change any trading habits. Pay specific attention to turnover requirements, and any time restrictions by which time the limits need to have been met.

Term and conditions

There are certain issues that traders should be aware of when comparing bonuses. All of these issues will normally be within the terms somewhere, so it is vital to check those. Here we will list some of the details to look out for when checking the small print of the bonus deal you have found:

Withdrawal restrictions – almost every bonus will have these. For example, are there turnover requirements to be met, and do they need to be met within a certain time? The bigger the deposit the more restrictive these will be. A $100 bonus that needs to be turned over 20 times, means $2000 worth of trading.

Is your deposit locked in? – there are forms of bonus which actually lock the initial deposit, as well as the deposit itself, so that nothing can be withdrawn until turnover requirements are met. These bonuses are thankfully rare – but put the trader at a huge advantage. Any broker using these sort of terms is best avoided entirely.

How is the bonus paid? – are bonus funds separate from your deposit? If so, this is usually better.

How are winnings paid with risk free trades? – are profits paid as cash into the account, or added as bonus funds (with their own terms and conditions to be met)

Finding the best offer

As we have covered, finding the ‘best’ binary options bonus is a case of delving into the terms and conditions. Only then can you judge if the bonus suits your trading style. A large bonus with restrictive terms could be worthless if those terms are not met without causing you to over trade. A small bonus, with few, if any, restrictions, could be a welcome boost to your trading funds. Biggest is not always best when it comes to bonuses.

Lastly, a high quality, reputable broker will make it easy for you to opt out of a bonus. Some will even allow you to cancel a bonus deal part way through. A broker pushing their bonuses on you could be seen as a red flag. If the bonus does not suit you, turn it down.

Why you may NOT want that deposit bonus

Deposit bonuses are a common feature of binary options brokers today, who use them as an attraction to get new traders to open and fund accounts. Who wouldn’t want some free money but the question is, is it really free? There are several reasons why bonuses are not as free as they seem and why you may not want to accept one.

Trade minimums – every bonus comes with a trade minimum. This a dollar amount you must reach before the bonus monies can be withdrawn from your account. The minimum is based on your original deposit and the bonus so if you deposit $2000 and get a 50% bonus the minimum will be based on $3000. On average the trading minimum will be between 20 and 30 times the total account value. We have seen some as low as 15 times and some as high as 40 or 50 times the total account value. This means that an account with a total value of $3000 will have to make trades totalling $45,000 before the bonus is yours. I like to trade 1% of my account at a time to ensure that no one trade can damage my account. In a $3,000 account that means making trades of $30 at a time, $45K divided by $30 is 1500 trades. Of course, you can make bigger trades in order to clear the minimum faster but that can also lead to catastrophic losses.

Time limits – some, but not all, deposit bonuses have a time limit. This is usually something like 30, 60 or 90 days. This means that you have to reach the trade minimum before the time limit is up before you can make a withdrawal. We do not want to imply that any of you are not able to turn $3,000 into $45,000 but consider your chances of doing that within 30 days. You might not like being forced into trading more than your budget or system allows. The time limit may be another reason to shoot for the stars, trading more often or with larger amounts than you normally would and adding risk to your portfolio.

Withdrawals – bonuses make withdrawing money from your account difficult. Some brokers, the shadier ones, will not let you withdraw any money until you meet the minimum trade limit. Brokers that do will not let you withdraw any part of the bonus or profits based on the bonus. In either case clauses in the terms will usually lead to you forfeiting the entire bonus and all profits with any withdrawal request prior to meeting the withdrawal requirements. If you trade your $3,000 account up to $10,000 or $15,000 you might want to take some out.

This broker (optionyard) says that bonuses can not be redeemed for cash value, very shady.

Free sign up bonus – A free $50 or $20 sign up bonus is not too uncommon these days. This is a “free” bonus you get when you sign up to an account and supposedly does not require a deposit. Except that it might. The only way to get the bonus could be to deposit money and then meet the bonus requirements. You may also get an additional deposit bonus on top of the sign up bonus, which means the bonus requirements could be quite high. Make sure to check what the case is with your preferred broker.

There is a reason why brokers continue to use bonuses as an incentive – they know that the average binary options trader is more likely to lose all of their money than to clear the bonus requirements. That is why the minimum requirements are so high and the time limits so short. In order to meet the minimum you will likely have to engage in risky trading behavior. Any time you are contemplating accepting a bonus be sure to read the terms of use and fully understand what it will take to clear the minimum. Like everything else in life not all brokers are the same and each will have different policies concerning the bonus and when and even if the bonus is really yours.

Bonuses are often applied to accounts automatically by the broker once they are funded so be wary of this an see if you can decline a bonus, should you want to, before you commit. In order to opt out you, the trader, are responsible for contacting their account representatives. Some brokers will also offer other bonuses from time to time so be sure to read the terms and conditions before accepting them.

The risk in “risk free” bonuses

There are hidden risks to risk free trading the average binary options trader is unaware of. Fortunately we can reveal what to look out for.

There are some obvious advantages to using the risk free trade, you won’t lose, but the fact remains there are some downsides to the equation that may make you think twice about using it. Following you will find a description of a few types of offers you may find and why they aren’t as risk “free” as advertised.

Free $50 offer or the no deposit bonus

Some brokers will give you a free $50 in order to get started trading. This sounds great and is potential way for a trader to take advantage of a broker for demo trading purposes. Of course, the $50 needs to be enough to make a trade or two.

To sweeten the deal some brokers will also let you know that it is possible to withdraw the $50 once you meet the trading minimum and volume requirements. This is not unusual in and of itself, bonuses come with terms. But beware of related “tie ins”. Minimum deposits are one requirement to unlock a withdrawal and this is true for the “no deposit bonus”. Sure you can get one. Sure you can withdraw it, but only after making a deposit. That deposit may also need to be way more than the original bonus.

Free demo or risk free trading

Some brokers offer free demos to potential clients with only an email address in return. Not something to be worried about, it’s OK for them to want to get your email in return for the free service.

What’s not OK is to advertise the free the demo and then require a deposit to get it, that’s bait and switch. The demo is free, if you deposit with us. Worse yet is that most brokers who use this tactic aren’t really giving you a demo account, they are tacking a “demo bonus” on top of your deposit and all the trimmings that go with it; volume minimums and cumbersome withdrawal requirements. We do not list brokers that operate like this, but it is worth being aware of.

Cash rebate programs

Cash rebate programs sound really nice don’t they? This usually requires a certain minimum deposit, a certain minimum maintenance balance and a trade volume. But here is what you need to know – some rebate programs give you money back only on your losses.

If you are a net loser on the month you get back some of your loss, if you are a net winner you get back nothing. The kicker is that if you are a net loser, you will have to make another deposit to maintain your balance requirement (where there is one). Some rebates don’t require a minimum balance, you have to lose all your money to get it.

Also remember that rebates are often paid as bonus funds – with their own set of terms. So they are often not that attractive after all.

The risk free trade

The absolute worst of the risk free offers is the out and out risk free trade. Some brokers will offer you risk free on your first, second and third trade. These will always come with a minimum deposit and usually an automatic bonus.

If there is no automatic bonus then the money that you would have lost turns into bonus money. Your balance is still the same, you made a risk free trade, you didn’t lose any money – or did you? The “real money” has turned into bonus funds – with terms attached about withdrawals. There is certainly some risk still involved.

The best binary option trading platforms and brokers of 2020

In this guide, we're going to review the best binary option brokers to help you decide which trading platform is right for you. We've analyzed over 21 different binary brokers on a variety of factors including payouts, trading platform, deposit methods, features, regulation, and company reputation.

It's important to understand that not all binary options trading platforms are created equal. Some binary options sites might have great payouts, while others might have faster withdrawals or bigger deposit bonuses. Picking a trading broker often comes down to what's most important to you.

Below you will find our rankings of the top binary options trading brokers of 2020.

Top 8 best binary options brokers of 2020

Pocket option - best for USA traders

Binarycent - best for copy trading

Raceoption - best bonuses

IQ option - best trading platform

Binary.Com - best for beginners

Expertoption - best for social trading

Olymp trade - best for traders from india

Binomo - best for trading tournaments

Review of the top binary option sites and companies

1) pocket option

Pocket option is a binary options brokerage that provides online trading of more than 100 different underlying assets. Pocket option is one of the only sites that accept new traders from the united states and europe. Established in 2017, pocket option is based in the marshall islands and is licensed by the IFMRRC (international financial market relations regulation center).

Pocket option has great terms and conditions for its traders including no commission on deposits and withdrawals, over 100+ payment methods, indicators and signals, social trading, bonuses, high returns, and more. Pocket option provides bonuses of up to 100% when you open an account, which is among the best in the industry.

If you're looking for a binary broker that caters to customers around the world, including USA and europe, then pocket option is one of the best options available.

Maximum profit: 96%

Min. Deposit: $50

Min. Trade: $1

Assets: 100+ crypto, commodities, stocks, and currency pairs

Platform: web, android, ios, and windows

2) binarycent

Binarycent is a binary option site that offers forex trading, cfds, and options with payouts up to 95%. Binarycent was established in 2017 and is owned by a company called cent project LTD, which is a subsidairy of the finance group corp. This company is located in vanuatu and accepts international traders including the united states, canada, australia, and the UK. Binarycent is regulated by the VFSC (vanuatu financial services commission).

The biggest advantages of using binarycent include minimum trades of just 10 cents, leverage up to 1:100, and copy trading. Copy trading allows you to follow the most successful traders on the platform and to see their live trades in real-time. By copying other profitable users, you can increase your chances of success.

Minimum deposit: $250

Minimum trade: $0.10

Assets: cfds, forex, and options

USA friendly: yes

3) raceoption

Raceoption is a binary options broker that is based in the UK and established in 2014. Raceoption processes more than 10,000 trades per day and is one of the only companies that allow clients from the united states, canada, and australia. Raceoption has no restrictions on what country you're located in.

The biggest selling points to raceoption are 1-hour withdrawals, deposit bonuses up to 100%, and weekend trading. This trading platform is available in three versions: web, android, and iphone. They offer CFD trading, 60 seconds, one touch, live charts, and instant execution of trades.

Overall, raceoption is a reliable broker that offers attractive payouts up to 90% and a variety of funding options including credit card and cryptocurrencies such as ethereum and bitcoin. This platform is best suited for beginners that are looking for a simple interface that is easy to understand.

Minimum deposit: $250

Payouts: 90% max

Bonus: 20-100% deposit match

USA friendly: yes

4) IQ option

IQ option is a broker that is based in cyprus and regulated by the cysec (cyprus securities and exchange commission). Since 2013, IQ option has been one of the most successful online trading platforms with over 43 million registered users, over 1 million trades per day, and clients from over 213 countries.

IQ option has the best trading platform of all the brokers I've reviewed. They have over 250+ assets to trade including binary options, digital options, as well as cfds on stocks, crypto, commodities, and etfs. Their binary options pay up to 95% on successful trades, while their digital options offer return rates up to 900%

The IQ option platform is available on the web or through one of their trading apps (android, ios, mac, and windows). Free demo accounts are available with $10,000 in virtual money to practice with. Their platform comes with everything you'd want and expect including multi-chart layouts, financial indicators, technical analysis, and real-time alerts. They also have several risk management features including stop loss, take profit, negative balance protection, and trailing stop.

If you're looking for the best binary trading platform, IQ option should be near the top of your list.

Minimum deposit: $10

Max payout: 95%

Min. Trade: $1

Note: this broker does not accept clients from the united states, canada, european economic area, japan, israel, australia, and puerto rico.

5) expertoption

Expertoption is a trusted broker that has been around since 2014, offering binary options on over 100+ assets including stocks, cryptocurrency, forex, and commodities. Expertoption is located in saint vincent and the grenadines and is regulated by the VFSC (vanuatu financial services commission) and FMRRC (financial market relations regulation center). This broker serves clients from over 150 countries and has over 32,000,000 registered users on their platform.

Expertoption offers some of the best payouts on the market, with profits as high as 95%. Their platform is very easy to use for beginners and also has some features that even advanced traders will appreciate such as 4 different chart types, 8 indicators, and trend lines. Expertoption also offers social trading, which allows you to trade binary options with your friends or follow other VIP traders and see their active trades in real-time.

Expertoption offers over 20 different payment methods including E-wallets, credit cards, cryptocurrency, and bank transfer. This binary broker also offers a free demo without registration. Overall, if you're looking for a great payouts and a solid trading platform, expertoption is an option worth considering.

Min. Deposit: $10

Min. Trade: $1

Max profit: 95%

Note: this broker does not accept clients from the USA, canada, european economic area, switzerland, israel, new zealand, australia, puerto rico, singapore, bangladesh, vanuatu, yemen, and sudan.

6) olymp trade

Olymp trade is a cyprus-based broker that is regulated by the international financial commission. This license ensures that traders are supported by deposit insurance, comprehensive support, and a prompt resolution of all issues. Olymp trade has been a part of the options market since 2014 and has consistently improved their platform over the years. As of 2020, there are over 25,000 users trading with olymp trade every day.

Like most of the top brokers, olymp trade has a web-based platform and apps available for iphone and android. They have over 75 different underlying assets that you can trade with. Demo accounts are available if you'd like to test-drive the olymp trade platform. This broker has a variety of educational resources available to their clients including trading strategies, webinars, and more.

Note: olymp trade does not accept clients from european economic area, australia, canada, USA, japan, israel, new zealand, russia, spain, sweden, and switzerland.

7) binary.Com

Binary.Com is an online trading platform that offers binary options and CFD trading. Owned by a company called binary group LTD and founded in 1999, this broker is one of the oldest and most respected names in the binary options trading industry with over 1 million registered users worldwide.. Binary.Com has offices in channel islands, malta, saint vincent and the grenadines, malaysia, british virgin islands, and vanuatu. Binary.Com is regulated by vanuatu financial services commission, british virgin islands financial services commission, malta financial services authority, and labuan financial services authority.

Binary.Com has several different trading platforms that you can use including:

Deriv - A perfect solution for beginners with an easy-to-use platform that is rich with features.

Smarttrader - trade in the world's financial markets with a simple and user-friendly online platform.

Tick trade android app - ultra fast trading on-the-go.

Metatrader 5 - an advanced multi-asset trading software that includes forex, cfds, and binary options.

Binary webtrader - an advanced binary options trading interface to monitor the movements of your favorite markets at the same time.

Binary bot - automate your own trading strategies with a simple "drag and drop" bot creation tool.

Guide on the best binary options bonuses in 2020

Updated on: 6 january 2020

Written by: jonathan clarkson

Many binary options brokers have recently begun offering so-called bonuses to their traders. A lot of traders, especially old forex traders are confused by this concept. Binary options bonuses could potentially be best thing that was invented by binary trading brokers.

Bonuses allow traders to cash in bonus money that they can use to trade financial assets. The bonus money offered by brokers most commonly cannot be directly withdrawn by traders but can be used to open real money positions. Any profits earned though a bonus belong to the trader and will be paid out in real money format.

This article will reveal everything you need to know about binary options bonus offers. Find out how these bonuses work, which types are the most profitable ones and how to profit from them the most. Below you’ll also find a list of binary options brokers that offer the best bonuses in the business.

What are binary options bonuses?

Bonuses are incentives offered by brokers in order to convince traders to register a real money account. Bonuses are basically “free” money offers that brokers give traders in exchange for either signing up or making a real money deposit. Binary options bonuses are a great opportunity for traders to boost their bankroll.

In the old days of forex trading, promotions were virtually unknown. The concept of online trading bonuses was introduced to the business by start-up binary options brokers that didn’t have the large marketing resources of old-school forex trading brokers.

These options brokers recognized that the most effective tool to convince traders to register and make a deposit is to give bonus money offers. This is how binary options promotions and bonuses were created. Nowadays, almost every options trading broker offers bonuses to its clients. (source: binary options blacklist)

How can brokers afford to give away “free” money?

Many traders find it hard to believe that some brokers are willing to give bonus money to their clients, however, the idea behind offering bonuses is completely rational. Brokers look at binary options bonuses as a form of marketing investment. Giving out these bonuses encourages traders to register and later on make a real money deposit.

A trader who registered and made a real money deposit because of a bonus offer might have otherwise never registered at the broker that offered the respective promotional offer. So, even if the broker was forced to give bonus money to that trader, in the long run the investment will return since that trader is highly likely to become a loyal long term customer.

Now, you need to keep in mind that by “free money” I do not mean money that can be withdraw right away and cashed in by traders. Bonuses are given for trading purposes (i.E. You can trade with it at the broker) but you cannot immediately withdraw this money before completing certain bonus clearing requirements (more about this below).

Are binary options bonuses really free?

The bonuses offered by brokers are, indeed, technically free, however, most commonly they are tied to a real money deposit. What this means is that, in order to receive the promotional offer, traders will be required to make a real money deposit first. This might sound strange at first, but it makes perfect sense.

From a broker’s perspective, the whole point of giving out bonus cash deals is to gain new real money traders. If brokers didn’t tie their promotions to a real money deposit, then traders would just register, take the bonus, generate some profits with the bonus money and then cash all the money out and move on to the next broker with a bonus deal.

If the above scenario would be possible, then binary trading brokers would go bankrupt and the whole business would cease to exist. So, the fact that binary options bonuses are only awarded in connection with a real money deposit is perfectly normal and makes a lot of sense.

Can bonuses be withdrawn immediately?

Another thing about the bonuses offered by options trading brokers is the fact that traders cannot withdraw them immediately. Just think for a minute—if bonuses could be withdrawn immediately, then everyone would just register at a broker, claim the bonus, cash it out immediately and disappear right after.

Traders can only cash out bonuses in cases where certain so-called trading requirements have been met. Such requirements will require traders to trade certain volumes of assets in order to be able to withdraw the bonus. For example, if a bonus requires traders to trade 10x the bonus amount, then they will have to trade at least $1,000 if they received a $100 bonus.

However, remember that this is only valid on the bonus. This means that traders will, of course, be able to withdraw the actual profits they generate without any conditions attached. The trade volume requirements are only in place in order to prevent people from abusing the bonus by withdrawing it immediately and taking off never to come back and conduct any real trading activity.

Types of options trading bonuses

There are many types of binary options bonuses. Traders are advised to know about each type of them in order to be able to recognize the best offers provided by options trading brokers. Below you’ll find a list of bonuses that are being offered by brokers.

The binary options first deposit bonus

This is the most common type of promotion provided by brokers. Such bonus cash deals are directly tied with traders’ first deposits. In plain language, traders will receive additional money for as a bonus if they make a real money deposit at the broker that offers such deals.

The most common type of first deposit bonus is the so-called binary options match bonus. This is the most advantageous binary options bonus type offered in the business. This is because the bonus money offered by the broker is directly proportional with the deposited amount.

For example, a broker might offer a 100% match on the trader’s first deposit. This means that, if the trader deposits, say, $500, then another $500 will be added into his or her account. However, like I said, initially the bonus money can only be used for trading (but with real money profits) purposes.

Sometimes there’s also a cap attached to such bonuses. Brokers obviously can’t offer unlimited amounts of bonus money, so, in most cases, there is an upper limit for how much bonus money a trader can cash in—however, most of the time this upper limit in the $1,000+/$10,000+ range.

The reload bonus

These offers are awarded to traders who already made a real money deposit in the past and would like to make a new one again in the future. Promotions of this kind give traders the chance to earn bonus money on subsequent deposits as well. However, most commonly, a bonus of this kind offers smaller rewards than the first deposit bonus.

The no-deposit bonus

Yes, some brokers sometimes also offer bonuses that do not require any real money deposit at all. However, the bonus money offered by such deals is usually very small. Trading volume requirements are, of course, also needed in this case as well otherwise people would just register at a no deposit bonus broker and take off with the money.

Best binary options bonuses

In order to find the best binary options bonuses, traders should be aware of certain things first. One of the most important things to evaluate is naturally the size of the bonus money rewards promised. Size does matter when it comes to the best bonuses; the general rule is the larger the better. We’re talking about bonus money, after all.

The trading volume requirements should be low. We already explained that trading volume requirements are perfectly normal in financial trading. However, obviously it’s good if these requirements are as low as possible. Some lesser-known brokers sometimes have some ridiculous requirements of this kind, which basically result in traders never being able to withdraw their bonus. This should never be the case at a serious broker.

There should be no hidden terms and conditions attached to a binary options promotional offer. Some shady and illegal brokers may have some fraudulent terms and conditions attached to their bonuses that are meant to prevent traders from withdrawing them. A legitimate financial service provider never has such hidden conditions.

Toplist of binary options bonuses

As you probably saw at the beginning of this page, we’ve created a list of the best binary options bonuses offered in the industry. While creating that list, we took into consideration the criteria we mentioned in the previous article segment.

We believe that the brokers we listed here are the ones that offer the best binary bonus deals in the business. Naturally, we only selected completely legitimate brokers that have valid online trading licenses issued by reputable countries and agencies.

Traders should definitely profit from the promotions offered by brokers. Make sure to get the best offer provided by legitimate brokers, and with the advantage gained by the bonus money reward you may be able to increase your profit margin in binary options trading.

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In the EU, financial products are offered by deriv investments (europe) limited, W business centre, level 3, triq dun karm, birkirkara, BKR 9033, malta, regulated as a category 3 investment services provider by the malta financial services authority (licence no. IS/70156).

Outside the EU, financial products are offered by deriv (SVG) LLC, hinds building, kingstown, st. Vincent and the grenadines; deriv (V) ltd, govant building, port vila, PO box 1276, vanuatu, regulated by the vanuatu financial services commission (view licence); deriv (BVI) ltd, kingston chambers, P.O. Box 173, road town, tortola, british virgin islands, regulated by the british virgin islands financial services commission (licence no. SIBA/L/18/1114); and deriv (FX) ltd., lot no. F16, first floor, paragon labuan, jalan tun mustapha, 87000 labuan, malaysia, regulated by the labuan financial services authority to carry on a money-broking business (licence no. MB/18/0024).

This website's services are not made available in certain countries such as the USA, canada, hong kong, or to persons under age 18.

The products offered via this website include binary options, contracts for difference ("cfds") and other complex derivatives. Trading binary options may not be suitable for everyone. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, the products offered on this website may not be suitable for all investors because of the risk of losing all of your invested capital. You should never invest money that you cannot afford to lose, and never trade with borrowed money. Before trading in the complex products offered, please be sure to understand the risks involved and learn about responsible trading.

Deriv investments (europe) limited, W business centre, level 3, triq dun karm, birkirkara BKR 9033, malta, is licensed in malta and regulated by the malta financial services authority under the investments services act to provide investment services in the european union (licence no. IS/70156). It is also authorised and subject to limited regulation by the financial conduct authority in the UK. Details about the extent of our authorisation and regulation by the financial conduct authority are available from us on request.

In the isle of man and the UK, synthetic indices are offered by deriv (MX) ltd, millennium house, level 1, victoria road, douglas IM2 4RW, isle of man; licensed and regulated in great britain by (1) the gambling commission under account no. 39172 and by (2) the gambling supervision commission in the isle of man (view licence).

In the rest of the EU, synthetic indices are offered by deriv (europe) limited, W business centre, level 3, triq dun karm, birkirkara BKR 9033, malta; licensed and regulated by (1) the malta gaming authority (licence no. MGA/B2C/102/2000), by (2) the gambling commission for clients in great britain under account no. 39495, and by (3) the revenue commissioners for clients in ireland (licence no. 1010285). View complete regulatory information.

Binary.Com is an award-winning online trading provider that helps its clients to trade on financial markets through binary options and cfds. Trading binary options and cfds on synthetic indices is classified as a gambling activity. Remember that gambling can be addictive – please play responsibly. Learn more about responsible trading. Some products are not available in all countries. This website's services are not made available in certain countries such as the USA, canada, hong kong, or to persons under age 18.

Trading binary options may not be suitable for everyone, so please ensure that you fully understand the risks involved. Your losses can exceed your initial deposit and you do not own or have any interest in the underlying asset.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading cfds with deriv investments (europe) limited. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

No deposit binary options brokers: binary trading

If you have an interest in trading any type of binary options online but have never done so before, then there are a number of binary option trading sites available who will let you sign up and use a demo account to allow you to get fully used to this new and potentially very profitable way of trading binary options instantly online.

In fact we would recommend that anyone who wishes to start trading binary options online sign up to use a no deposit binary options trading account for by doing so it will enable you to get used to the many different types of binary options that are currently available to you online, and there are thousands of them available at all hours of the day or night!

Top no deposit binary options brokers

Have a look through the following collection of no deposit required binary option trading sites below, now each of them will offer you a massive range of binary options but each of them come with their own exclusive type of trading platform.

Open up an account at as many of them as you can for by doing so this will enable you to test out the no deposit binary option trading platforms and having tried as many of them as you can via the no risk no deposit versions of their trading platforms then you will be in a much better position to find one that you find suitable to your own way of trading.

Gtoptions – this is a great binary option trading site for the beginner for they have complete step by step guides which will enlighten you on every single trading option available, plus if you do decide to switch from their no deposit demo mode platform to the real money one you will be able to claim a bonus worth $5000 as a new customer!

Boss capital – one site that a lot of our website visitors enjoy using as a demo account binary option trading site is the boss capital for they allow you to use their online and mobile trading platforms via a demo mode and it will enable you to get used to trading any type of binary option without any risk, a new customer sign up bonus worth a whopping $5000 is available should you switch from no deposit binary option trading to their real money trading environment!

Anyoption – one of the longest established no deposit binary option trading sites available is the one on offer at the any option site, if you have never traded options online before but are interested in doing so then you will not find a better trading site which is equipped to allow you to make no deposit required binary option trades than this one, one major attraction of the any option site is their new customer sign up bonus that will boost your initial deposit when you are good and ready to make one, by a massive $20,000!

24option – one final binary option site that we are always happy to showcase to our website visitors is the 24option site, it offers a very easy to use and customer friendly trading platform that will enable you to get to grips with trading all manner of different binary options and as new customers get a bonus up to 100% (bonus terms and conditions apply). In addition, please note that investors can lose all their capital by trading binary options.

Binary options no deposit bonus

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Trading options with real money

You trade with binary options because you want to make money. You don’t trade just because it’s exciting or you have nothing else to do.

You just want to trade profitably and make profits. Offers like a free demo account are there for a reason – you should get used to binary options trading before you trade for real money – but sooner or later you have to trade with real money and try to make as much money as possible. The term for that is real money trading. There’s no doubt that the selection of the right broker is vital before you can start trading for real money. There are many binary options brokers on the market but only a few can be recommended. One of them is iqoption, one of the oldest and most reliable brokers out there. Iqoption also offers a free demo account for traders that don’t want to trade with real money yet. Click here to take a closer look at iqoption!

Starting with a demo account

Compared to forex trading, binary options are much easier to understand and trade. However, this does not mean that you don’t have to practice before trading with real money. The very best way to do so is opening a free demo account with play money. You can trade without any risk – when you lose it won’t hurt you and you won’t lose real money. Please bear in mind that many things can go wrong when you trade with small amounts of real money. When you deposit $100 the minimum option value is $25. Then you can only trade with four options before you go broke in the worst case. You won’t learn much with these four trades. This is not the case with a demo account where you get thousands of dollars and where you can trade with hundreds of options before there’s any chance you will go broke.

To sum it up: start trading with a demo account
before you trade for real money (when possible)!

Trading with $50, $100 or $250?

We’d like to explain how to trade with small amounts of money. Beginners, in particular, are interested in investing as little as possible. When you take a look at the forex broker market you will recognize that it was not possible to trade with small amounts such as $50. You can now create micro accounts with just a few bucks! It’s obvious that you won’t make a lot of money with investments this small but it’s a good way to start.

We believe that binary option brokers will go into the same direction. It is now hard to find brokers with a $100 minimum deposit or less and it’s almost impossible to find a reliable broker that allows accounts as low as $50. The main problem is not the minimum deposit but the minimum size you can trade with. Depositing “only” $100 and trading with $25 options does not make sense. It’s likely that you won’t last long with this strategy. It’s better to find a broker with minimum options of $10 even though this could mean you have to deposit more than $100. You can always make a withdrawal and trade with less money than you deposited initially.

Trade with the worlds leading broker and join 15 million other traders!

IQ option is one of the most reliable and secure brokers and a safe haven for all traders. This broker is regulated by cysec and offers options for as low as $1, plenty of stock options and a great trading platform!

Free options trading

Allyson brooks

Contributor, benzinga

“there’s no such thing as a free lunch” is one of the oldest sayings around, and for the most part, it’s completely true. You get what you pay for, especially in the world of finance.

While you might be skeptical of any type of free offer, technology has made finance more efficient and transaction costs have gone down dramatically. In fact, it’s not hard to find a brokerage that will let you trade at least some part of the stock market completely commission-free. Commission-free usually means a trip to the designated ETF list, but some brokers offer everything for free, including options.

Commission-free usually means a trip to the designated ETF list, but some brokers offer everything for free, including options.

Best free options trading brokers:

Best overall for options and technology: tradestation

Best for beginners: TD ameritrade

Best for marginal accounts: interactive brokers

Best for mobile traders: E*TRADE

Best derivatives only broker: tastyworks

Best for social traders: gatsby

Honorable mention: eoption

Table of contents [ hide ]

Best free options trading brokers

Choosing the best broker requires a little bit of research and not every trader has the same needs. Benzinga has created a list of favorite trading platforms for free paper trading and free or low-cost options trading.

Commissions

Account minimum

Best for

1. Best overall: tradestation

Tradestation is a popular platform for technical analysts and other stock pickers, but its paper trading simulation gives inexperienced traders a way to learn new skills without risking real cash.

Paper money can be traded on desktop and mobile, but only current tradestation brokerage account holders can access the simulation for free.

Tradestation has a tilt toward active traders, so new traders can find plenty of research material and charting tools to test new strategies. Tradestation is a trusted name and its simulator is one of the best.

If you’re new to trading, you’ll love tradestation’s simulated trading tool. Its simulated trading tool allows you to practice entering buy and sell orders, using tradestation’s suite of charting and analysis tools and using your trading strategy without risking any of your own money.

Commissions

Account minimum

Best for

2. Best for beginners: thinkorswim by TD ameritrade

Thinkorswim is the gold standard for advanced trading features and using their paper money accounts is a great way to teach yourself technical analysis.

TD ameritrade account holders will get $100,000 in fake money to trade stocks, bonds, futures, commodities and options. You’ll find over 100 technical tools on thinkorswim and unlike many brokers, commission costs are factored in with your paper trading portfolio. This makes for a more realistic trading experience.

Paper trading is only worthwhile if the simulation is near perfect. Thinkorswim passes all the tests.

TD ameritrade recently completed an acquisition of scottrade, which will provide options traders with another level of flexibility as well. Right now, TD ameritrade charges $0 fin options based fess and $0.65 for options per contract.

Pricing

Account minimum

Best for

Access to foreign markets

Detailed mobile app that makes trading simple

Wide range of available account types and tradable assets

Comprehensive, quick desktop platform

Mobile app mirrors full capabilities of desktop version

Access to massive range of tradable assets

Low margin rates

Easy-to-use and enhanced screening options are better than ever

3. Best for marginal accounts: interactive brokers

The interactive brokers trader workstation provides a comprehensive list of options trading features and has been compared to the look and feel of a commercial airline cockpit. The workstation includes integrated tools such as IB risk navigator, options analytics and model navigator. It has a configurable format, quick-click order entry capabilities, and is extremely customizable.

The optiontrader combo tab allows traders to monitor price variations, view all available chains or filter for specific contracts and configure columns to view calculated model prices, implied volatilities open interest and greeks.

Interactive brokers also helps active traders minimize commissions and fees as well. Interactive brokers charges nothing in options based fees but charges $0.65 per contract fee for options.

Commissions

Account minimum

Best for

Sophisticated trading platforms

Wide range of tradable assets

Exceptional customer service

4. Best for mobile traders: E*TRADE

E*TRADE’s power E*TRADE platform and mobile app are the gold standards of option trading platforms. Power E*TRADE currently offers traders premium-quality tools without the premium price tag.

According to a customer service rep, the long-term plan is to have the power E*TRADE platform replace E*TRADE pro as the premium service, but for now, it is free for all E*TRADE users.

Power E*TRADE is the perfect combination of speed, quality, tools, and navigation capabilities. The platform offers virtual trading for testing strategies. The option chain screen provides access to customizable real-time streaming option chains with up to 30 columns. The tradelab snapshot analysis breaks down risk/reward in an easy-to-understand way, indicating pros and cons as well as key events to watch for and a profit and loss chart. The strategyseek tool allows users to scan market data and identify potential trading strategies.

For all E*TRADE’s advances option trading features, the broker charges $0 in options based fees and $0.65 for options per contract.

Commissions

Account minimum

Best for

Powerful platform inspired by thinkorswim

Multiple order types and strategies

Cheap options commissions

5. Best derivatives only broker: tastyworks

Tastyworks allows opening of an individual, entity/trust or joint account, and the account type held with the brokerage can be margin, cash or retirement. In margin trading, you are allowed to trade with borrowed capital, facilitating the use of all trading strategies available with the broker, while a cash account requires that you fully fund transactions, and also restricts usage of some trading strategies such as spread and uncovered options.

The web-based trading platform allows access from any computer and gives all functionalities as the downloadable version. Some of the features in the browser version is the follow page, where you can follow the firm’s curated experts’ trade, trade curve, which allows visualization of trades easily and the trade history option, which helps you analyze your trades.

Though opening an account is fairly easy, a prospective client is required to register with tastyworks ahead of time with an email address, username, and password, as well as:

Address and phone numbers,

Citizenship status,

Personal information such as social security number and employment information,

Bank details and

Copies of identity and address proofs.

Once an account is registered, it normally takes one to three days to be approved.

Commissions

Account minimum

Best for

Retail investors

Traders new to options

Social traders

Millennial traders

Gatsby and robinhood a bit in common. Like robinhood, gatsby had a soft launch and the only way to access the platform is to get on the waiting list. Also like robinhood, all trading on gatsby is commission-free. Gatsby’s founders seek to “democratize the world of options” by simplifying the language and making it easier for newbies to understand.

You’ll be asked a series of simple questions on gatsby’s platform. If you think a certain stock will fall, you’ll be directed to the put options (and call options if you think the stock price will rise). You’ll then choose a strike price and expiration date and initiate your trade, all done in 4 quick phone swipes. Gatsby and robinhood are the only truly commission-free brokers for options trading.

Commissions

Account minimum

Best for

Options traders looking for low-cost options contracts

Beginner and advanced traders looking for options education

Advanced traders who don’t need a lot of platform guidance

7. Honorable mention: eoption

Eoption isn’t a commission-free brokerage, but the transactions costs here are among the lowest in the industry. For options trades, you’ll only pay $3 per trade plus $0.15 per contract.

Many legacy brokers charge upward of $0.60 to $0.75 cents per contract, so this is a great deal. You’ll also get plenty of bang for your buck, thanks to eoption’s bells and whistles. You can set up an automated strategy using its auto trading feature and even get direct market access through the sterling pro trader.

Eoption has a $500 minimum to open an account and offers traditional, roth, SEP and coverdell iras.

Can you really trade options for free?

The short answer is: absolutely! Brokers continually undercut each other on commissions and that’s great news for retail traders.

Online brokers rarely have commissions higher than $5 to $7 these days and disruptors like robinhood and gatsby options have gone even lower than that. Both offer $0 commissions on all options trades.

Another way to trade options for free is through paper trading. With a paper trading account, you’ll be given monopoly money in a simulated brokerage account and can actively trade the market with your fake cash. Paper trading is a great way to hone your skills, practice new strategies and figure out how to trade.

But which should you choose, free trading or paper trading? When it comes to options brokers, all it depends on your bankroll and experience level as a trader.

Getting started

Before choosing an options broker, you need to determine your own investing goals. Do you simply want to make the most possible money? Do you have a specific savings target in mind? Or do just want to increase your knowledge of the options market and explore how different strategies work?

If you’re inexperienced with options or want to try out a few new strategies, paper trading might be your best bet. However, if you’re a veteran trader and you want to cut your transaction costs, take a look at some of our favorite free or low-cost options brokers.

Paper trading

Practice makes perfect and that’s why paper trading is so popular, especially among new traders. With paper trading, you aren’t putting any real capital at risk, but you can simulate live action in the markets or even go back in time and trade through previous periods. Many brokers have a free paper trading account available to anyone with a real brokerage account.

However, know that paper trading has drawbacks. Fake money means no skin in the game. All the emotion is taken out of trading, which is something that will never happen in the real market. Expertise in paper trading does not automatically translate to success in the real world.

Using a free or low-cost broker

If paper trading doesn’t appeal to you, finding a free or low-cost broker should be your alternative goal. Free trading is still a relatively new concept, but brokers like robinhood and gatsby options have totally removed commissions.

Even traditional legacy brokers are getting into the race to zero (for example, fidelity now has zero-expense etfs). Finding a free or low-cost broker to trade options is no longer like looking for a needle in a haystack.

So, let's see, what we have: binary options bonuses compared. From a no deposit bonus to a deposit match or risk free trade. We list all offers and how to make the most of them at free real money for binary options