No Deposit Binary Options
Such a method does exist, and it is called binary options without a deposit. This is not a fantasy, this is real. In a world that surrounds us advertising campaigns to attract new customers do not surprise us? Any self-respecting company that cares about its development periodically conducts such actions, and it is predetermined by its budget. The same thing happens with brokers who want to attract new customers. Let's deal with how this can work and what are the benefits.
How do binary options without investing work?
Analyzing the brokers of binary options we realized that the companies that are willing to give money to the beginners to trade are not so many. But they exist, for the most part these are the brokers that do not have Russian language in the interface of the sites, so if you want to get the money to start trading, it is necessary to know English at least at a moderate level. Or, as an alternatively, be able to use Google-translator.
Most brokers do not immediately transfer bonus money on your trading account. So as to see it on your account, you will need to talk with technical support. Of course, in English. The reviews on the Internet about such communication are quite negative: they respond for a long time, money give grudgingly, so be prepared for such developments. But let's imagine that all the troubles are behind and the bonus of a hundred dollars is on your trading account. What can you do and what can’t you do with the money?
Firstly, because the money was given to you for trade, they can be used only on trade. That is, you cannot withdraw them in any case. So if you came here with the intention to withdraw the bonus immediately, it is better to spend time on something else. No one gives money for nothing. If you got the money for education and trade - learn and trade, such trade you can use as a demo account with a possible bonus as profits from trading.
Secondly, the minimum withdrawal amount is not small, though at different brokers it is different. Someone demands $ 20, someone - $ 50. It is a lot, taking into account the initial amount at which you begin to trade. Sometimes the minimum withdrawal amount for profits is up to 500% of the bonus. Is it possible to earn such a profit for a novice without knowledge and experience? This question causes serious doubts.
Thirdly, in order to get your honestly earned profits you would have to fund your account with the broker for the minimum amount ($ 100-200). Immediately after depositing you may withdraw the amount of the deposit and your profit. In principle, if the integrity of the broker has no doubts, such an operation may cause a temporary inconvenience in a lack of your money.
And finally, it is worth noting that most brokers provide cash bonus not forever, although there are such brokers, but for some time, often for 2-3 months. If you did not trade out your account during this time, the bonus is taken away and if you want to trade more, you must make a deposit.
As you can see there are a lot of restrictions. However, try to look at the phenomenon of binary options without the deposit and assess the positive and negative properties.
What are the pros in no deposit binary options?
We see only one indisputable advantage in such a trade. There is a possibility for a novice to trade on his own without the investment of his money, and without the risk of losing it. He will be able to understand the principle of working in the market of binary options, whether he needs it, is this activity for him.
Since about 95% of the traders who came on the market lose their money, the novice users are able to pay for their own mistakes not their money, but the money of the broker. Well, and then decide whether he wants to sell more, and in case of failure to lose his money already.
To the advantages of such a bonus, of course, it is possible to include the ability to earn without investing a penny, but this feature is so scanty that it is not worth serious considerations. Professional trader would never trade on such terms, as he appreciates the time spent on such experiments. And a novice with such conditions will earn only occasionally, but to lose the money already earned is a lot easier and faster. So let's get to the disadvantages of no deposit binary options.
Negative aspects of no deposit bonuses
When you start to delve into all the details of no deposit accounts for the binary options market, you understand that a saying about the free cheese suits this situation almost perfectly. The only party that benefits from such actions is a broker. He gets new customers, some of which may become permanent. The very same broker has no risk. Judge for yourself: the "bonus" is not withdrawn under any circumstances, and you need to be able to get a profit and to withdraw it easily is not so easy. It turns out that the demo account is even more honest.
Brokers play on the human quest for "freebies" and receive dividends from this. For a trader such trading in the account brings not much practical use. Virtually, the same as in the demo account. There is no fear for the loss of money due to your own fault. Naturally, this leads to a relaxed and casual attitude to trade.
If we consider the no deposit account as an element of learning, it is possible to avoid disappointment associated with unfulfilled hopes. If your approach to such a possibility is as a real way to make money, you have practically no chances. This is a kind of lottery, and the percentage of winners in it is less than one hundredth of a percent. It is better to start with a small deposit and micro lots or the same demo account. In our opinion, the benefits of this will be much more.