About Binary Options Bonus
No doubt that the effectiveness of your trading session is often influenced by the benefits your brokerage company offers. For example, if you're a scalper, you surely have to make certain that your broker provides you with a variety of positions opened before a risk manager can shut you down. Another example. Let's suppose, you're a technical trader. In that case, you don’t actually need some strategies based on bonuses, because a majority of your trading decisions will be caused by charting researches and deep analysis. By the way, that's why it's so important to make a correct choice while searching for your potential broker. You should always take into consideration if the benefits it could provide you with conform to your needs. However, it's a binary options bonus that could be one of the most attractive advantages making a trading process of a beginner more comfortable and profitable.
However, the following should be absolute clear for you. Nothing in this world (especially when we're speaking about finances) comes for free. So you need to realize that binary options bonus is a chance, not a gift.
Top 3 Tips to Use Your Binary Options Bonus in the Best Possible Way
So how could you take a maximum advantage of binary options bonus usually offered by a brokerage company right after you successfully signed up at its platform? Here are some tips to help you.
Let's suppose your initial deposit amount is $1,000 and in accordance to this your broker provides you with a 50% welcome bonus. It means you're having $1,500 on your account. Now you can attempt the following:
You could be not satisfied with a bonus amount delivered to you by a broker's promotional campaign. In that case, just don't be too shy and don't hesitate to ask your broker for a better offer. You have a lot of ways to contact it, so use one of them to send this clear message. Of course, a brokerage company won’t necessarily agree with your request. However, sometimes a trader may receive a better offer. Also, don't forget that you can't withdraw your bonus-based money. Usually brokers request to yield a trading sum 15 times bigger than the bonus amount itself. For example, if you have a bonus of $500, you’ll have a possibility to withdraw these funds only when you'll trade around $7500.
Completing the trading volume requested by your brokerage company won’t be as easy as you could expect. Especially, if you're still a newcomer. However, don't be afraid to try this for a couple of times. Once you grasp the main idea of the whole process, it will become much easier for you to generate the needed volume and, as a result, to withdraw the initial bonus amount.
This is a tip for every situation, not only bonus related ones! Examine broker’s terms and conditions section attentively. Often the offered bonuses are capped, which means you won't receive a bonus of $5,000 after the initial deposit of $10,000. Unfortunately, inexperienced traders often deposit really huge money amounts to receive accordantly large bonuses, but it doesn't work this way, because bonuses are generally strictly limited. There are some reasons explaining this situation:
The restriction rules serve as a proper measure against the bonus abusers that protects an average trader.
An investor must have a bonus under his/her control. For example, you could decide not to receive the whole amount or just to take any part of bonus. It could incidentally be a great strategy to choose a lower amount of bonus in order to facilitate the meeting of the requested trading volume.
And just a small advice as a conclusion of this article. We definitely recommend you to use your welcome bonus while you're beginning your trading campaign. However, please, don't underestimate the true value of knowledge. Only by learning all the nuances of bonus influence you could enjoy this offer’s advantage in full measure.