Deposit bonuses have become an important part of the digital options industry. These bonuses are provided by top brokers such as brokers digital options and can range anywhere from 25% up to 200%. Typically, with larger deposits come better bonus offers, a fact that can certainly make it tempting to fund your account well from the start. In some cases, deposit bonuses are only offered in conjunction with your first deposit. This is yet another reason to consider making the most of the opportunity.
Deposit bonuses are indeed free money. However, there will always be one or more conditions which must be met before you can withdraw these funds. Before you start to groan and yell “SCAM!!!” hear me out… Binary options brokers offer bonuses because they want you to trade with them, but they cannot just hand out money to everyone who asks. For example, if you deposited $1,000 and received a 100% bonus this would give you $2,000. Now, if the next day you were allowed to withdraw all of these funds, the broker would take a major loss. No broker could run their business in this manner for very long.
Does this mean that you can never withdraw your bonus? Of course not. What it does mean is that you will need to trade with the bonus and “earn it” through your investment decisions. For example, you may be asked to leverage the bonus funds a number of times before being able to withdraw. Or you may be asked to reach a certain level of trade volume before being able to withdraw. In all cases, your broker will tell you upfront exactly what the bonus requirements are.
The benefits of bonuses are clear. You’ll want to have the largest possible amount of funds in your digital options broker account when getting started. It’s easy to make some mistakes during the initial phase of trading. Even when trading with a broker such as brokers digital options, which offers full training, you could easily make a few bad decisions. Bonus funds offer some protection against any costly mistakes, allowing you to recover and get back on the right path.
The best advice is to aim for the largest bonus possible. Yes, this will require you to make a larger deposit than the minimum, but with free money on the line it only makes sense to take as much as you possibly can. The larger the amount of funds in your trading account when you start to trade digital options, the better your chances for long-term success.