The majority of Binary Option Brokers offer bonuses in order to attract more clients. Who does not love a bonus, right?! However, a lot of people get confused when it comes to getting bonuses in the binary options industry. Unlike most bonuses, binary option bonus do not necessarily mean more money. The average bonus most Binary Option Brokers offer is between 25% and 50%, but they could go a little higher. While this might seem like a small bonus, it is actually very considerable and better to go with than a bonus over 35%. The higher the bonus, the harder the restrictions are to meet.
One of the restrictions that comes with Binary Option trading is the actual withdrawing of profits. Depending on the broker, you must trade at least 20-30 times the volume of the bonus in order to withdrawal the deposit and the bonus. A large sum will be deducted from your total if you try to make a withdrawal without meeting the requirements. In some cases, the broker will hold all funds until the restrictions are properly met.
In order to become a Binary Option trader, you must understand and follow all restrictions given by your broker.
It is also important not to choose your broker over the amount of the bonus. Instead, choose your broker based on his or her reputation and achievements. Sure, we assume the bigger the bonus, the better, but in trading that is not always true. It is actually best to choose a broker who offers a considerable bonus that does not exceed 35%.
The bigger the bonus is, the more restrictions you will have to meet in order to withdrawal the money from your account. Keep the bonus considerable and remember to meet ALL restrictions before trying to withdrawal your deposit and/or bonus.
By offering bonuses, Binary Option Brokers are helping you begin your journey into the trading industry. While the binary option bonus does not cover your losses, it is there to make the transition into trading a little easier. The more you understand about Binary Option bonus, the better, as they can be somewhat confusing. When most people think of a bonus, they think of basically free money, but that is not the case with bonuses offered by brokers.
There are certain restrictions traders must meet in order to actually receive their bonus. However, once you have an understanding of the restrictions, you will be able to understand how bonuses work in the trading industry.