Binary options are a popular investment option – and for good reason. They are easy to use, offer a fixed return, and give you the opportunity to turn a profit in as little as a minute.
But perhaps the best thing about them is that you can trade these financial instruments without investment. That being said, not all brokerages allow you to do this. Further, the brokers that allow you to trade without investment need you to abide by specific terms.
Regardless, the bottom line is, you can make money without having to invest it with binary options. We discuss how in this article.
How to trade Binary Options without investment:
1. Risk-Free Transactions
The first way of trading options without investing is to sign up with a broker that offers risk-free transactions.
Risk-free transactions are trades where the broker returns the lost amount to the trader, given that the trader loses the trade. These transactions are typically offered as a special deal to new users signing up with a broker.
Sometimes, brokers have a “break-even trading day,” where all losses during the day are wired back to the trader’s account. Looking out for these offers is an excellent way to try your hand at trading without risking any capital.
If you make money, it’s yours to keep. If you lose money, you have more chances to make money.
While leading brokerage Quotex.io doesn’t offer break-even days, signing up with them will get you up to three risk-free trades when trading high volume.
2. Trading Tournaments
Top brokerages sometimes offer traders a chance to participate in trading tournaments. Traders with just a demo account can also compete in these tournaments.
Winners of the tournament typically receive cash that can be deposited to their bank accounts or used on the platform. However, some brokers don’t offer cash and offer valuable trading courses or useful tools instead.
Entering a tournament is not only a great way to put your trading skills to the test but also earn hard cash without spending a dime.
3. Sign-Up Bonuses
Several brokers offer a sign-up bonus or a “no deposit” bonus, which is essentially free money you can use to trade on their platform. These bonuses are different from deposit bonuses, which require you to wire money to the brokerage.
Investing the bonus into a trade is a great way to grow the money. However, if you lose the trade, you won’t get the bonus back since these are not risk-free transactions.
That being said, no personal capital is lost, which is a win.
Brokers typically do not allow you to wire the deposit bonus into your bank account. However, if you win a trade with the bonus, you will be able to wire it to your bank account and use it as you please.
Grand Capital offers a sign-up bonus of $50 to binary options traders, making it worth signing up for a no-investment trade (this offer does not exist anymore)
4. Other Offers
Some options brokers offer promotional deals that give you real money to invest in the trade market.
For instance, an options broker may add money to your trading account for filling out a survey about their platform. You can also make money by recommending the broker to a friend. When they sign up, you earn cash for the referral.
Working actively on brokerage forums and using promo codes can also add money to your trading account that you can trade with. Many brokers have such offers, enabling you to trade without investing.
Alpari has a cashback program that rewards the loyalty of the traders on the platform. The more you trade with it, the more points you earn. You can then exchange these points for discounts, refunds, or deposits to your bank account.
Forex Club offers a referral program, earning you commissions if a friend clicks your link and signs up with the brokerage.
Trading and making money without stressing about losses is easy.
All you need to do is use one of the methods mentioned above to trade binary options without investing.