Binary Options Bonuses

We list the best binary options bonuses available right now and explain how different kinds of offers work.

Best Binary Options Bonus Offers

These are the most attractive binary options bonuses available 2024:

  1. Pocket Option - 50% Deposit Bonus
  2. IQCent - 20% to 200% Deposit Bonus
  3. Videforex - 20% to 200% Deposit Bonus
  4. RaceOption - 20% - 200% Deposit Bonus
  5. CloseOption - $10 Welcome Gift

#1 - Pocket Option

Why We Chose Pocket Option

Pocket Option offers ultra-short-term binaries from 5 seconds on one of the simplest web platforms for beginners. Payouts rival alternatives at 90%+ while the ‘Double Up’ and ‘Rollover’ features provide further opportunities to profit. Considering the negatives, the suite of 130+ assets trails binary brokers like Quotex, which offer 400+.

"Pocket Option excels for its easy-to-use web platform which provides a best-in-class user experience for short-term binary traders. The $50 minimum deposit is also accessible for beginners while opening an account is really easy. Looking at the negatives, Pocket Option still trails alternatives in its market offering and regulatory credentials."

- DayTrading Review Team
  • Min Deposit: $50
  • Payout %: 92%
  • Expiry Times: 5 seconds - 4 hours
  • Copy Trading: Yes
  • Platforms: Web, MT4, MT5
  • Instruments: Forex, Crypto

About Pocket Option

Established in 2017, Pocket Option is a binary options broker offering high/low contracts on forex, stocks, indices, commodities and cryptocurrencies. With over 100,000 active users and a global reach, the platform continues to prove popular with budding traders.

Pros

  • The range of payment methods beats the majority of rivals, providing fast, secure and convenient deposits for traders in most countries
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks

Cons

  • The maximum binary contract length of 4 hours is restrictive for longer-term trading strategies. Alternatives like Videforex offer binaries up to 1 month
  • You need to deposit $1000 to access the extended list of 250+ assets, otherwise just 130+ assets are available
  • Despite offering competitive payouts up to 92%, binary brokers like IQCent offer higher returns up to 98% based on tests

#2 - IQCent

Why We Chose IQCent

IQCent offers binary options with above-average payouts up to 98%. The broker supports an online platform with basic analysis tools but a wide range of timeframes, from 1 minute to 1 month, catering to short and long term trading strategies. Considering the negatives, there are no binaries on stocks.

"IQCent will appeal to day traders looking for a straightforward binary options and CFD trading platform with low fees, a range of accounts, and copy trading. Getting started takes less than 1 minute and a $250 deposit. "

- DayTrading Review Team
  • Min Deposit: $250
  • Payout %: 98%
  • Expiry Times: 5 seconds - 1 month
  • Copy Trading: Yes
  • Platforms: Online Platform, TradingView
  • Instruments: CFD, Forex, Crypto

About IQCent

IQCent is an offshore binary options and CFD broker based in the Marshall Islands. The brand continues to offer a range of unique account types with bonuses and perks, including payout boosts, TradeBacks and free rollovers. With 100+ assets, around-the-clock trading and 98% payouts, the firm is popular with aspiring short-term traders.

Pros

  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests
  • The broker offers up to 98% payouts on binary options, which is more than alternatives like Pocket Option, only offering up to 92%
  • The proprietary terminal offers TradingView-powered charts which deliver dozens of technical indicators and studies

Cons

  • There's no automated trading support for algo traders
  • The market analysis is very basic with limited technical summaries and insights from analysts
  • The broker is not overseen by a respected regulator, though this is common among binary options firms

#3 - Videforex

Why We Chose Videforex

Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.

"Newer traders will find a lot to enjoy about trading binary options on Videforex's easy-to-use proprietary platform, as well as the broker's copy trading solution. Payouts also remain higher than most alternatives climbing to 98%."

- DayTrading Review Team
  • Min Deposit: $250
  • Payout %: 98%
  • Expiry Times: 5 seconds - 1 month
  • Copy Trading: Yes
  • Platforms: TradingView
  • Instruments: CFD, Forex, Crypto

About Videforex

Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills.

Pros

  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
  • The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent

Cons

  • The broker isn’t overseen by a trusted regulatory agency
  • No MetaTrader 4 integration
  • US clients aren’t accepted due to legal restrictions

#4 - RaceOption

Why We Chose RaceOption

RaceOption offers 100+ binaries with decent payouts up to 95% and ultra-fast expiries from 5 seconds. With a $250 minimum deposit, clients can enjoy free deposits, fast withdrawals and a range of trading bonuses.

"RaceOption will appeal to traders new to binary options looking for copy trading, contests and 24/7 customer support. Experienced traders will also appreciate the account-based perks and bonuses."

- DayTrading Review Team
  • Min Deposit: $250
  • Payout %: 95%
  • Expiry Times: 5 seconds - 30 days
  • Copy Trading: Yes
  • Platforms: TradingView
  • Instruments: CFD, Forex, Crypto

About RaceOption

RaceOption is a binary options broker operating from the Marshall Islands. With over 1,500 clients, the broker aims to offer fast funding, low fees and a secure trading environment. Traders can access over 100 binary options and CFDs, plus copy trading and weekly prizes.

Pros

  • Flexible weekend trading available plus 24/7 multilingual customer support
  • Beginner-friendly copy trading opportunities in the broker's proprietary trading platform
  • Sign-up bonuses from 20%, plus weekly trading contests and prize giveaways

Cons

  • No free demo account
  • Unregulated broker with lower safety score
  • Limited educational resources

#5 - CloseOption

Why We Chose CloseOption

CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.

"CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."

- DayTrading Review Team
  • Min Deposit: $5
  • Payout %: 95%
  • Expiry Times: 30 seconds - 1 month
  • Copy Trading: No
  • Platforms: Own
  • Instruments: Forex, Crypto

About CloseOption

CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.

Pros

  • New traders can get started with a $5 minimum deposit
  • The user-friendly platform is compatible with most web browsers
  • CloseOption offers weekly trading tournaments with cash prizes

Cons

  • Clients need to deposit $50,000+ to qualify for the best payouts
  • CloseOption is not regulated by a well-regarded trading authority
  • Binary options are only available on fiat and digital currencies

What Is a Binary Options Bonus?

Binary trading bonuses are a way for brokers to encourage clients to sign up with their platform. These monetary incentives come in several formats, from raffles and trading tournaments to no deposit bonuses that do not require any financial contribution from clients. Often these rewards are in the form of trading credits with wagering requirements before you can convert them to withdrawable cash.

Types Of Binary Options Bonuses

There are several different variants of binary options bonuses offered by brokers. These can be for new customers in the form of a welcome bonus or deals for existing customers:

binary options $10 no deposit bonus 2021The most important aspect of a binary options bonus is its terms and conditions. Traders should take great care to ensure they understand the restrictions and requirements within binary trading bonuses to avoid unexpected complications.

The first thing to understand about binary options bonuses is whether they are paid in withdrawable cash or bonus funds. Some bonuses, such as raffles and competition prizes, are more likely to be in withdrawable cash. Cash rewards are generally the best binary options broker bonus, though they are rare and often small. The most common form of monetary reward format is trading credit or bonus funds.

Bonus funds differ from cash in that they are non-withdrawable and subject to wagering requirements before they are converted into real capital. These wagering requirements are frequently based on turnover or trading volume. In a binary options financial bonus, brokers will often stipulate a large trading volume with the bonus credit before it becomes real withdrawable cash. There will be different turnover amounts for each type of bonus and, of course, between each broker.

A common tactic when offering clients a deposit match bonus is to set a high turnover value based on the enhanced deposit. For example, if a broker sets a wagering turnover of 25x, a trader that deposits $200 with a 50% deposit bonus will need to reach a trading volume of $7500: 25 times the total $300 deposit amount.

With most reputable binary options brokers it is possible to wager the bonus funds separately from your real capital to try and meet this volume. However, traders should beware of exploitative brokers that will lock deposited funds and bonus credit together, forcing traders to meet these wagering requirements before releasing their real capital for withdrawal.

Many binary options bonuses will also have expiry dates after which the bonus will be removed from the trading account. These can range from 90 days down to 30 days, so traders do not always have a lot of time to meet wagering requirements.

Regulations For Binary Options Bonuses

The rules and regulations on binary options trading bonuses vary depending on where a trader is situated in the world. Binary options contracts are restricted in some jurisdictions, including the EU, although traders can often find ways around these limitations. Some regulatory bodies that allow binary options trading have opted to cap the bonuses a broker can offer. This is designed to make binary trading bonuses less enticing to new traders who may lack experience and understanding and be drawn in by big financial promises.

Pros and Cons Of Using a Bonus

Pros

If traders are careful and selective about the binary options bonuses they opt for, they can offer many pros. Here are some of the advantages of claiming a binary options bonus:

Cons

Binary options bonuses are often not as straightforward as they appear. Here are some drawbacks:

How To Compare Binary Options Bonuses

When looking at brokers with binary options bonuses, there are several things to consider:

Reliable & Legitimate Broker

The most important step when signing up for a binary contracts bonus is to ensure that the broker is above board and dependable. Scams are rife within the binary options trading space so it is imperative not to be sucked in by a tantalising bonus without doing due diligence. Some binary options providers will be regulated by independent financial bodies. Failing this, look for reviews from trusted websites or users to make sure that a binary options bonus is legitimate.

Assets Available for Trading

An important aspect of binary options trading is the assets you can open contracts on. As binary contracts are available on a wide range of markets, including stocks, cryptocurrency, forex and commodities, traders have many possibilities. It is important to make sure that the broker offering a binary options bonus supports your favoured trading assets. Some specialised firms may simply not support all of these markets, while others will not have the asset depth in particular markets that specialise ones do.

Binary options bonuses themselves may also be restricted to certain assets. This means that traders may lack the opportunity to maximise their profits as their preferred or most profitable assets may be missing. Make sure to check the terms and conditions of bonuses for excluded assets and markets before signing up.

Type Of Bonus

Welcome binary options bonuses are often a deposit match, risk-free trade or free no deposit bonus. Existing clients may be eligible for bonuses and rewards for winning trading competitions or raffles.

Each type of binary options bonus has its pros and cons, so make sure to read the terms and conditions carefully. Avoid bonuses that lock in your real funds so that you cannot trade with personal credit separately. For those looking to make a profit from a binary options deposit bonus, smaller bonuses with lesser wagering requirements are usually the best choice.

Size Of Bonus

While receiving a higher amount of bonus credit is tempting, think about whether you will be able to meet the wagering requirements to unlock it. Indeed, higher bonuses often give traders a sense of false economy, as wagering requirements will scale with the size of the bonus. A $40 no deposit bonus with 15x wagering only requires $600 worth of total trading volume to unlock any profits made with the bonus, whereas a $100 bonus with 30x wagering requires a total trading volume of $3,000.

Wagering Requirements

As well as the total trading volume required to unlock a binary options bonus, there may be other wagering requirements to consider. Many brokers limit the total amount of time traders have to meet wagering requirements. Bonus offer durations often range from periods of 30 to 90 days. Make sure that you feel able to meet the volume requirements within the allocated time.

Associated Risk

When trying to unlock binary options bonuses, the risk that wagering requirements can pose to real funds is crucial to understand. An example of this would be risk-free trade bonuses, where real losses are compensated with bonus funds. In other offers, some brokers will only allow traders access to reward credit once they have committed all of their real funds into contracts. Other firms can bind together real and bonus funds when trading to meet release criteria.

Chance Of Profit

Some traders may wish to use their bonus funds to have fun or experiment with binary options contracts. However, many will be looking to turn their binary options bonus into profit. For these users, taking into account all of the above considerations is crucially important.

As a general rule of thumb, traders should not risk real funds for the sole purpose of obtaining bonus credit. Provided that there is no or minimal risk to real capital, the most important aspects of a binary options bonus are the trading volume requirements and time limits of a bonus. The lower the trading volume requirements and the longer the time period, the greater the chance traders will have of converting their bonus funds to real cash.binary options bonuses including no deposit needed $100 free bonus without verification

Other Considerations

Here are some more general aspects of binary options brokers and trading to consider when exploring bonus offers:

FAQs

Can I Get A Binary Options Bonus Without A Deposit?

See our list of binary options bonuses to find offers that enable traders to gain free trading credit or even cash with no need for a deposit. These include no deposit bonuses and demo trading competition winnings.

What Is The Best Binary Options Broker Bonus Strategy?

When comparing binary options bonuses, look for achievable wagering requirements like low trading volumes and long expiry dates. These bonuses will give trades the best chance of unlocking their bonus funds.

What Is The Biggest Binary Options Bonus?

The largest binary options bonuses will likely come from a deposit match scheme. Often used as a welcome bonus, brokers match a percentage of a traders’ deposit with trading credit, up to 100% or even more sometimes. Sizeable prizes may also be offered to the winners of trading demo competitions and raffles.

Are Binary Options Bonuses Legit?

Many reputable brokers run binary options bonus offers to entice new customers to sign up to their platform. However, some brokers that offer bonuses may be less reliable. Traders should research firms before opening an account and depositing funds with them.

What Assets Can I Trade A Binary Options Bonus On?

Not all brokers offer all available assets for binary options contracts as some may specialise in a specific market. Also, binary options bonuses may be limited to certain assets so make sure to check the terms and conditions of bonuses for excluded assets and markets before signing up.

Final Word On Binary Options Bonuses

A binary options bonus is a great way for brokers to encourage new clients to sign up and deposit through their platform. There are several different types of promotions traders to look out for, with some available for both new and existing customers. It is entirely possible for clients to profit from binary options bonus offers, though brokers make it tricky to do so with restrictive wagering requirements. Bonus funds can be used to place fun, risk-free long-shot contracts, as well as to practise binary options trading. Nevertheless, clients must read the terms and conditions of a bonus offer carefully to ensure that real funds are not tied up with bonus funds when depositing.