Being one of the most popular online trading platforms, Expert Option has cemented its place as the most trusted broker. Expert Option bonuses are provided to maintain its position and keep its clients satisfied.
Bonus is a gift a broker (like Expert Option) gives its clients to boost their trading process. The bonus amount depends on the deposit amounts a trader makes. A broker may provide a bonus when you open a real account or deposit a certain amount with them. Does Expert Option follow the same policies? Let’s find out.
What you will read in this Post
(Risk warning: Your capital can be at risk)
Can you get a free bonus with Expert Option?
Whenever a beginner opens a real account with a binary options broker, a first-time sign-up bonus is provided by many brokers. This free bonus is a great starting point for beginners who have no deposit in their account. But, do you get a sign-up bonus with Expert Option? Unfortunately, this broker does not provide any sign-up bonus to its new clients.
When registering with Expert Option, you should not expect a sign-up bonus, no deposit bonus, or even a welcome bonus. However, many other brokers employ this strategy of giving rewards to new traders as it draws more clients toward the company.
Notably, you can’t withdraw these bonuses. Instead, you can withdraw the profits made from these bonuses. For instance, you received a bonus of $100 and made a profit of about $90 with it. Withdrawal is only permitted for the earned $90 and not the bonus amount. Additionally, only the clients with real accounts are eligible for these perks and not people with demo accounts.
Other Expert Option bonus alternatives
Since you can’t get any free perks from Expert Option, are there other types of bonuses that Expert Option provides? Fortunately, yes, there are! And we are going to cover all of them for you.
(Risk warning: Your capital can be at risk)
#1 Referral bonus
It is one of those bonuses that you get just for referring the broker to your family or friends. However, as aforementioned, only traders with a registered real account are eligible for this type of bonus.
Brokers who offer referral bonuses can get more exposure while also rewarding existing clients—the more successful referrals, the higher the number of bonuses traders receive. However, there’s still a catch to it. You need to have a minimum deposit with the company and perform a certain number of traders to become eligible for these bonuses.
Furthermore, you need to become familiar with the terms and conditions before you try to claim the referral bonuses.
#2 Additional bonuses, promotions, and rewards
Many other online trading platforms provide their clients with additional bonuses, rewards, or bonuses to their new, prospective, loyal, or existing traders. For instance, your broker may provide a promo code or a top-up bonus to its clients.
However, Expert Option does not provide additional perks unless you trade in high volumes. Eligibility requirements may include a certain account balance, certain active trading days, etc.
Brokers may provide these bonuses in cashback, cash rebates, low commissions, tighter spreads, etc. However, the risks involved in these types of bonuses are much higher. Therefore, they are only offered to professional traders.
(Risk warning: Your capital can be at risk)
#3 Making deposits with Expert Option
Another simple way to earn bonuses from Expert Option is by depositing a certain sum with them. Fortunately, this bonus type is available for both new and existing clients.
If you are a new client, you are given a golden opportunity to double your deposits if you deposit within the first hour of creating your real account. For instance, if you make a deposit of $200 with Expert Option before the first hour ends, you will receive a 100% bonus. It means that the total balance in your account will rise to $400.
However, if your initial Expert Option deposit breaches $1000 or above, your account balance will not double; the broker will credit your account $500. For example, you deposit is about $2500. You will receive a $500 bonus, taking your account balance to $3000.
The number of bonuses for existing clients depends on the magnitude of the deposits made. If you make deposits of $30, $50, and $100, Expert Option will provide a 20% bonus. For example, depositing $100 in your real account would result in a $20 bonus, taking your account balance to $120.
With higher deposits of $250 and $1000, the broker will provide you with a 30% bonus. For instance, if you deposit $1000 into your no deposit account, your total account balance would reach $1300.
Furthermore, you can even receive a $1250 bonus if you deposit $2500. You should also note that this broker provides bonuses only with $30 deposits or above. You won’t receive perks on a $10 or $20 deposit.
However, Expert Option can alter the magnitude of these bonuses at any given time.
(Risk warning: Your capital can be at risk)
Can your bonuses expire?
You deposited with Expert Option, and you got a significant bonus with it. You may wonder if your bonus can get expired or not. Well, your perks can expire under these three conditions:
- You place a request to withdraw the earnings from the platform.
- You remain inactive for 30 days or more.
- Another circumstance where your bonuses expire or get terminated is when Expert Option finds you violating their terms and conditions. Therefore, it is necessary to be familiar with the broker’s rules and regulations.
Conclusion: Expert Option bonus
Expert Option is a convenient online trading platform for both beginners and veterans. However, this broker’s way of trading differs from others in the competition. This is what attracts many traders to this platform. It can provide you access to all types of trading accounts regardless of whether you are a novice or a professional.
However, if you desire to get various bonuses, then the Expert Option may or may not be an ideal option. You undoubtedly cannot enjoy free perks with no deposit if you choose Expert Option as your broker. A trader willing to deposit a certain sum with the broker is eligible to enjoy the bonuses provided by Expert Option.
(Risk warning: Your capital can be at risk)