The offering of bonuses by binary option brokers is something that has developed into a trend of sorts. The idea behind the bonuses is relatively simple if you consider it for a minute. The platforms are simply trying to create an incentive that will attract traders on to their platform and give them the confidence that they require to continue using that platform. All the platforms offer bonuses of one kind or the other depending on their strengths. However, there are few of them that offer bonuses to their clients upon deposits.
There are two main kinds of deposit in this regard; the first offers a bonus for deposits that are made above a certain amount every time that amount is deposited. This kind of bonus play on the psyche of the traders to encourage them to invest more in the binary options market by setting a threshold that they are expected to go over if they are to get the bonus. Not only does the platform get more money on its trading account, but the traders also get more reserves that they can use in trading on the different options that have been made available to them.
The other type of bonus is the first deposit bonus. This kind of bonus is usually offered to the client on the first day of trading. The bonus works by encouraging the trader to make a first deposit that exceeds a particular limit. For instance, a platform may provide for a first deposit bonus for all deposits above $40. This means that clients who make first deposits above the $40 threshold usually get the bonus. The size of the bonus depends largely on the platform and the kind of offers that are being provided.
Some of the platforms that provide binary options bonuses on deposits include: 24option, which as of January 2013 provided up to 100% bonuses on deposits in some cases. Some of the other include: iOption, OptionBit , And OptionClick,. While the percentage of the bonus on offer may vary from one provider to the next, it is becoming quite a common practice for binary options platforms and traders for that matter to provide their clients with bonuses. This trend has seen some of the platforms provide up to 200% bonuses on deposits that are made on their platforms. For ongoing bonuses, the platforms keep changing the nature of the deposit bonus so as to attract even more people to their platforms.
However, there is a catch; most of these platforms allow you to use the bonus to trade on the market, what they do not allow is you to withdraw the bonus from the platform. In most cases, traders will be required to meet a certain trade volume threshold in order for them to be allowed to withdraw their bonuses. In some cases, traders have to make a certain amount of money on the platform before they can withdraw the money. These options applies differently on the different platforms; what remains is the basic principle of the act.