Binary options no deposit bonus
Binary options no deposit bonus is the term used for a binary options trading account that is charges with real money and requires no deposit from the trader. The no deposit bonus is actually a development in the evolution of the demo account but instead of having virtual money that can produce no gains, the trader gets the opportunity to practice and experience binary options trading with no risk and with an actual potential to gain profits.
Not many brokers offer such a proposition to their new traders as it was claimed that often these account were just play accounts for people who were not serious about binary options trading and used the money to almost gamble on it. Brokers could not afford to lose so much money but there are still some brokers that are willing out of good faith and with an attempt to attract only serious traders and to reduce the chance of problematic traders to join and spend money.
Binary options no deposit bonus – advantages
The advantages of the no deposit bonus are obviously connected to the fact that you trade with real money with no risk to your money. Just like a portfolio manager in an investment firm, you get money to manage and being judged by your performance. There is no need to gain practice with your money and eventually risking losing it. It is a known fact that new and novice traders have a series of less successful trades as they improve their trading skills and get familiar with the financial markets and binary options. This method allows users to get some of these less successful trades on the expense of a managed fund and not with their own money.
Binary options no deposit bonus – disadvantages
There are not so many disadvantages to the “binary options no deposit bonus”. The main issue with such an account is usually psychological. People tend to take trading less seriously when their investment is done using other people’s money. This barrier can make the trading experience less successful and provide fewer opportunities to profit from it. In order to overcome this obstacle, traders should realize the potential profits from such an account and act responsibly to make the most out of the opportunity.