Introduction to No Deposit Binary Options Bonuses
No deposit binary options bonuses are bonuses given by binary options brokers to traders, usually deposited into a live account, without the trader committing any trading capital into the account beforehand. In other words, these are binary options bonuses that require no previous deposit into the account.
The concept of bonuses was first introduced into the forex market a few years ago, and was later adopted by almost all the binary options brokers out there. These bonuses were deposit bonuses, and as traders gradually got desensitized to these bonuses, a new phenomenon was introduced into the market by brokers like iOption. The idea was to give traders a little money to test the waters of the live binary options market, allow them the opportunity to build it up, and then withdraw the profits only when a specific trade volume has been generated by the trader to cover the bonus and pay some good money to the broker. In essence, no deposit binary options bonuses have become a source of mopping up of the trading population who are either hesitant in starting off the trading activity, or have active accounts that have been allowed to lie fallow.
There are several brokers who now award the no-deposit binary options bonuses, and we shall examine them one after the other so as to bring out some special points regarding these bonuses.
We will start with the no deposit bonus from iOption as this is the pioneering binary options no deposit bonus with a tangible bonus amount. Traders can get a $100 no deposit binary options bonus from iOption by signing up and opening an account. A request is then made from the customer support of iOption using the live chat facility for a coupon code, which the trader then applies to the account to receive the $100 no deposit bonus in 48 hours.
This is another binary options broker which allocates $100 as binary options no deposit bonus. To claim the bonus, open a live account with 60Options using the affiliate banners and you will get the bonus added in 48 hours. There are conditions for withdrawing this bonus. The trader must generate at least 30 times the value of this bonus and make at least one real deposit to be able to withdraw this bonus.
Betonmarkets gives a no deposit bonus worth 20 GBP. This is obtained by using the coupon created specifically for this purpose. The coupons are hard to come by and traders can only access them from review sites, ecommerce stores and by thorough search of the search engines.
This broker awards a $50 no deposit binary options bonus.
This binary options broker awards a no deposit binary options bonus worth 50 euros. This bonus is usually obtained from the BINOA affiliates. All the trader needs to do is to sign up with binoaffiliates.com and the bonus will be paid into the BINOA trading account.
GTOptions is another broker that offers a $100 no deposit bonus courtesy of Intellitraders. To get this bonus, the trader should sign up with Intellitraders for a GTOptions account and the bonus will be awarded in 48 hours.
How to Use a No Deposit Binary Options Bonus
In order to get the best of the binary options no deposit bonus, the trader must forget about making any withdrawal of the bonus and focus squarely on using the bonus for trading purposes. The no-deposit bonus can be traded using the minimum amount of risk for trading. For instance, a broker with a minimum investment amount of between $5 and $10 is the most ideal for trading with a no deposit binary options bonus.