Binary Options No Deposit Bonus
Business is all about risk. Business people often take risks everyday in the hope that a huge payout will come their way and compensate for the investment that they have made into the business in the first place. It is just a way of life; without taking the risk, it is virtually impossible to conduct business. So imagine if you can trade without actually risking your own money. If someone were to give you a grant of sorts and ask you to conduct business without really caring about the resultant profit or loss, would that not just make business much easier?
Binary Options No Deposit Bonus is a system in which binary option platforms provide their new clients with bonuses upon signing up to help them make their first trades. What makes these bonuses special is the fact that the trader is not required to even deposit his or her own money into the platform. The bonuses are provided to the trader upon signing up so as to give them an opportunity to play the market without risking their own money. This not only makes the inaugural experience more exhilarating, but also boosts the trader’s confidence while on the market. This bonus is “Free Money”, which the broker deposits into a trader’s account; the traders can then go ahead and make real trades with real money. In essence, you can experience the binary options market even before you make a deposit of your own.
However, as is the case with most bonuses, there are usually some restrictions that apply to its usage. While the money is free and can be used to make trades, often the trader cannot withdraw any profits that he or she has made until they deposit some money on the platform and make trades of a certain amount. This means that while you can trade on the binary options platform using the bonus money, you can use it elsewhere unless you meet the pre-requisite conditions. Another restriction often relates to the trading multiples. Trading multiple is defined as the value of the bonus money multiplied by a certain number. For instance, $100 No Deposit Bonus with a 20 x trading multiple means that the trade will receive $100 in her or his account. After receiving this credit from the broker, he or she will be required to make at least $2000 worth of trades, before the broker can allow him to withdraw the $100 as well a the resulting profits. It is a smart system that helps the broker recoup his investment and encourages the trader to get active in the binary options market.
Some of the brokers that offer a Binary Options No Deposit Bonus include: GlobalTrader365. It is an option that can be taken advantage of by traders who are willing to get on the market but do not have the financial capacity to make a trade for themselves. It also allows the platform to acquire new clients through the extension of this soft loan.