The biggest fair associated with trading is the risk of losing all the money from the very first deal. However, in many cases, you will not need to bear such risks as most large platforms offer no-deposit bonuses to their new users so that they can get acquainted with the functionality and level of service without extra obligations.
Furthermore, such bonuses enjoy demand among active traders with a significant record as well. The point is they usually keep on trying new brokerage services from time to time. Obviously, before moving to a new source for good, they need to have a close look at the selection of instruments, overall functionality, fees, processing speed, customer support level, and other details. And using such free money is the most comfortable variant in such cases.
Today, we are going to turn our attention to the most generous binary options no deposit bonus offers:
- Pocket Options ― $50;
- Binary.com ― $10;
- OlympTrade ― up to 50% of the first deposit;
- Binomo ― $5–1000.
You must know that a platform can impose certain conditions for receiving such free money, for example, new clients may be asked to register an account, to pass verification, or to make a small transfer (although, to be objective, that can hardly be called a no-deposit bonus in such a case). Hence, we advise you to scrutinize all the terms and demands before applying for such a gift.
Also Read: Expert Tips on How to Find the Best Cryptocurrency App
Let us explain to you how to get it step by step:
- Select a broker. Certainly, you must not make a choice purely based on the size of the bonus and the terms of its receipt. Keep in mind that you will not be able just to withdraw it, this money is meant for trading. So, find a platform with comfortable terms and a decent reputation.
- Register an account. As a rule, the procedure is similar to that offered by any other website. But, in the case of brokers, you will also be asked to verify your identity by sending a photo of your ID or another method.
- Claim your bonus if there are no other requirements. For example, on Pocket Options, like on most other platforms, you need just to create a profile and verify it. Afterward, you can start executing deals.
- In most cases, you will get an opportunity to make a withdrawal only after reaching a certain trade volume. In the case of Pocket Options, it is $5000.
Also Read: What Is A Forex Trader: Advantages and Disadvantages
In sum, such bonuses are a great chance to start your trading career without an initial investment. But you must keep in mind that trading (using binary options in particular) is associated with big risks.