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.
At the moment there is no broker who is offering a no deposit bonus with Binary Options.
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.
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.