Binary Options Bonuses

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Written By
Contributor Image
Written By
William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
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Edited By
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Edited By
Tobias Robinson
Tobias is a partner at DayTrading.com, director of a UK limited company and active trader. He has over 25 years of experience in the financial industry and contributed via CySec to the regulatory response to digital options and CFD trading in Europe. Toby’s expertise and dedication to financial education make him a trusted voice in the industry, including a BBC investigation into digital options.
Updated

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:

Click a broker for details
  1. 1
    Pocket Option
    50% Deposit Bonus
    50% Deposit Bonus

    Ratings
    2 / 5
    3.5 / 5
    2.5 / 5
    3.5 / 5
    3.3 / 5
    3.3 / 5
    3 / 5
    3.5 / 5
    4 / 5
    4.2 / 5

    $50
    $1
    MISA
    Binary Options, Currencies, Commodities, Stocks, Indices, Cryptos
    Web, MT4, MT5
    Wire Transfer, Credit Card, Bitcoin Payments, Volet, Perfect Money, Visa, Mastercard, Debit Card, WebMoney, FasaPay, Ethereum Payments, Maestro, JetonCash
    USD
  2. 2
    IQCent
    20% to 200% Deposit Bonus
    20% to 200% Deposit Bonus

    Ratings
    2.5 / 5
    3.3 / 5
    2.4 / 5
    4.3 / 5
    3.8 / 5
    2.5 / 5
    3 / 5
    2 / 5
    4.3 / 5
    4.1 / 5

    $250
    $0.01
    1:500
    IFMRRC
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    Online Platform, TradingView
    Credit Card, Debit Card, Wire Transfer, Bitcoin Payments, Ethereum Payments, Visa, Mastercard
    USD, EUR
  3. 3
    CloseOption
    $10 Welcome Gift
    $10 Welcome Gift

    $5
    $1
    National Bank of Georgia
    Binary Options on Forex & Cryptos
    Own
    PayPal, WebMoney, Mastercard, Perfect Money, Wire Transfer, Bitcoin Payments, Ethereum Payments
    USD
  4. 4
    Videforex
    20% to 200% Deposit Bonus
    20% to 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs, Forex, Indices, Commodities, Crypto
    TradingView
    Skrill, Perfect Money, Bitcoin Payments, Neteller, Credit Card, Visa, Mastercard, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  5. 5
    RaceOption
    20% - 200% Deposit Bonus
    20% - 200% Deposit Bonus

    $250
    $0.01
    1:500
    Binary Options, CFDs
    TradingView
    Credit Card, Debit Card, Bitcoin Payments, Neteller, Skrill, Perfect Money, Mastercard, Visa, Ethereum Payments
    USD, EUR, GBP, AUD, RUB
  6. 6
    BinaryCent
    20% - 200% deposit bonus
    20% - 200% deposit bonus

    $250
    $0.01
    1:500
    VFSC
    CFDs, Forex, Stocks, Cryptos, Options, Commodities
    Own
    Visa, Mastercard, Debit Card, Credit Card, Skrill, WebMoney, Neteller, Bitcoin Payments, Wire Transfer, Perfect Money, Ethereum Payments
    USD
  7. 7
    World Forex
    100% Deposit Bonus
    100% Deposit Bonus

    $1
    0.01 Lots
    1:1000
    SVGFSA
    Forex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
    MT4, MT5
    Wire Transfer, Debit Card, Credit Card, Visa, Mastercard, Google Wallet, Apple Pay, Perfect Money, Bitcoin Payments, Volet
    USD, EUR, RUB

Here is a short overview of each broker's pros and cons

  1. 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+.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. BinaryCent - BinaryCent provides binary options trading on a range of markets through a slick proprietary platform. Traders can invest as little as $0.10 per trade and earn payouts up to 95%, and these are excellent terms that accommodate casual and low-capital traders while allowing profit opportunities.
  7. World Forex - World Forex offers binary options where you simply decide the stake, price direction and contract timeframe. The payouts are high at up to 100% on American contracts and 85% on European, which also offers a partial refund to traders who close contracts before expiry.

Pocket Option

"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."

Rebecca Holden, Reviewer

Pocket Option Quick Facts

Bonus Offer50% Deposit Bonus
Minimum Deposit$50
Payout %92%
Expiry Times5 seconds - 4 hours
Copy TradingYes
PlatformsWeb, MT4, MT5
InstrumentsBinary Options, Currencies, Commodities, Stocks, Indices, Cryptos
Account CurrenciesUSD

Pros

  • The web platform shines for its straightforward design and usability that will appeal to beginners looking to speculate on popular financial markets in a few clicks
  • Well-funded traders who deposit $1000+ can qualify for a 2%+ payout boost, more tradable assets and exclusive perks
  • The MetaTrader platforms offer integrated analysis with helpful technical summaries for short-term traders

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
  • The MISA is a weak regulator with limited investor protection for retail traders
  • Pocket Option offers a slimmed down iteration of the MT4 and MT5 that doesn't provide the full charting package for advanced traders

IQCent

"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. "

Rebecca Holden, Reviewer

IQCent Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsOnline Platform, TradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Account CurrenciesUSD, EUR

Pros

  • CFD trading fees are competitive based on tests, including 0.7 pips on major forex pairs such as EUR/USD
  • There's an accessible $0.01 minimum stake for new day traders with a small budget
  • The broker's 24/7 customer support is fast and reliable, responding within 1 minute during tests

Cons

  • There's no automated trading support for algo traders
  • IQCent charges a punitive $10 monthly inactivity fee if you fail to place at least 1 trade per month
  • The market analysis is very basic with limited technical summaries and insights from analysts

CloseOption

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

Tobias Robinson, Reviewer

CloseOption Quick Facts

Bonus Offer$10 Welcome Gift
Minimum Deposit$5
Payout %95%
Expiry Times30 seconds - 1 month
Copy TradingNo
PlatformsOwn
InstrumentsBinary Options on Forex & Cryptos
Account CurrenciesUSD

Pros

  • The user-friendly platform is compatible with most web browsers
  • Free demo account
  • 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

Videforex

"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%."

William Berg, Reviewer

Videforex Quick Facts

Bonus Offer20% to 200% Deposit Bonus
Minimum Deposit$250
Payout %98%
Expiry Times5 seconds - 1 month
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs, Forex, Indices, Commodities, Crypto
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Videforex allows you to enter positions with just ¢0.01
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The firm facilitates both day trading and binary options which is great for those looking to diversify their portfolios

Cons

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

RaceOption

"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."

William Berg, Reviewer

RaceOption Quick Facts

Bonus Offer20% - 200% Deposit Bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsTradingView
InstrumentsBinary Options, CFDs
Account CurrenciesUSD, EUR, GBP, AUD, RUB

Pros

  • Free and instant deposits via bank cards and cryptos, plus guaranteed withdrawals processing within 1 hour
  • Beginner-friendly copy trading opportunities in the broker's proprietary trading platform
  • Flexible weekend trading available plus 24/7 multilingual customer support

Cons

  • Withdrawal thresholds apply
  • $250 minimum deposit is higher than other binary options brokers
  • Unregulated broker with lower safety score

BinaryCent

"Traders who want a reliable binary options broker with a streamlined platform and high payouts should try out BinaryCent."

Tobias Robinson, Reviewer

BinaryCent Quick Facts

Bonus Offer20% - 200% deposit bonus
Minimum Deposit$250
Payout %95%
Expiry Times5 seconds - 30 days
Copy TradingYes
PlatformsOwn
InstrumentsCFDs, Forex, Stocks, Cryptos, Options, Commodities
Account CurrenciesUSD

Pros

  • Copy trading and binary options bots are useful for beginner traders
  • Simple and straightforward proprietary platform for binary options trading
  • Payouts up to 95% are higher than most competitors and increases profit potential

Cons

  • Not available to traders based in the US
  • The $250 minimum deposit is higher than most binary options brokers
  • Not overseen by any reputable regulator, raising risks and reducing customer protections

World Forex

"World Forex provides both highly leveraged CFDs and digital contracts, making this a good broker for clients who want flexible and rewarding ways to trade. The copy trading service will also appeal to newer traders."

Tobias Robinson, Reviewer

World Forex Quick Facts

Bonus Offer100% Deposit Bonus
Minimum Deposit$1
Payout %100%
Expiry Times1 minute - 7 days
Copy TradingYes
PlatformsMT4, MT5
InstrumentsForex, CFD Stocks, Metals, Energies, Cryptos, Digital Contracts
Account CurrenciesUSD, EUR, RUB

Pros

  • Copy trading solution
  • MT4, MT5 and a proprietary trading terminal
  • 10+ accepted payment methods

Cons

  • Weak regulation
  • No negative balance protection
  • Withdrawal fees apply

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.