What is a Binary Options Bonus?
A Binary Options trading bonus is generally an offer from the broker to give you free money to trade with. This can vary according to a number of factors including the size, form and terms.
The bonus is usually added to your trading account after a deposit and is sometimes seen as a nice buffer for the trader.
These bonuses are of course something that the brokers often compete on as they try to earn more clients.
Indeed, it can be quite an effective way to get a new client over a competitor when your deposit bonus is larger than theirs.
However, Binary Option Bonuses have taken a lot of criticism in recent months due to the factors that the client sometimes does not know.
These include restrictions on trading volume, withdrawals and payment forms.
Indeed, this has raised the suspicion of a number of regulators as well as they have taken a deeper dive into the operations of some brokers and how they manipulate the bonus system.
Like so much else in the industry, if the broker is dishonest and unregulated then the client is susceptible. Yet, when used responsibly by clients, a binary broker bonus can be advantageous.