Why traders are tempted in binary options
Reasons To Trade Binary Options
Home All about binary option bonuses Welcome bonuses are an integral part of trading offers. In fact, it is probably one of the things a trader checks before launching into a platform. So the question is, can one really be tempted by these offers without risk? In order to answer this question, here are a few points to consider: Beware of bonuses that are too big Welcome bonuses are offered to traders in order to attract them more easily.
Each broker has its own offers, but most of the time these gifts are offered as a percentage on the first deposit made. Scammers use aggressive marketing techniques to seduce as many traders as possible.
And often, it is this kind of brokers who offer the best bonuses on the market. For them, all means are good as soon as traders are ready to sign up and make a first deposit.
The welcome bonus is only offered when the trader funds his account.
Therefore, you should not be in a hurry to open an account with a broker, for why traders are tempted in binary options sole reason that the bonus offered is very large. Moreover, it is the most attractive bonuses that are often the most difficult, if not impossible, to withdraw.
You have to go further and look behind the scenes, instead of being tempted without thinking.
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This is a really sensitive point, many beginners are fooled by the bonuses and shout at the scam while the conditions are well mentioned at the broker in question ok in very small, but it deserves a little reading in order not to lose your money stupidly! Know the conditions for withdrawals Although welcome bonuses are easily attracted, traders should not consider them as a first choice criterion.
The fact is that all welcome binary options withdraw money from demo accounts can only be withdrawn under certain conditions. These depend on each broker, but most of the time it is a matter of reaching a certain trade volume in order to make the withdrawal.
And this is not necessarily an easy task because brokers usually impose volumes of 25 to 40 times the amount of the bonus or the amount of available capital. And in case of early withdrawal, the bonus is cancelled. All this to say that when we talk about welcome bonuses, there are always conditions hidden behind them.
Therefore, before accepting this type of bonus, it is essential to read the conditions imposed by the broker. In any case, it should be kept in mind that brokers never highlight the conditions for bonus withdrawals so as not to discourage traders.
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It is not uncommon for some platform members to feel aggrieved when they have simply dived without informing themselves. Apart from the bonus withdrawal conditions, it should also not be forgotten that these welcome gifts are fatal weapons for crooks.
Rather opt for rebates on spreads for Forex For traders who work mostly with bonuses, the wisest decision is to either opt for lower welcome bonuses or not accept the welcome gift and instead exploit the spread rebates. Indeed some brokers like eToro or ETX Capital offer spread rebates when the trader has a large amount of capital. These rebates, which are a form of trade bonus, allow you to pocket a portion of the spread amount as you invest.
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This is a win-win option for both the broker and the trader. The trader is able to generate more volume and the further he advances in his trades, the more the broker increases his profits.
The main advantage offered by these rebates is that this type of bonus does not interfere with the withdrawal conditions.
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However, the conditions applied, such as the percentage traded, must be clearly stipulated in a contract to avoid any unpleasant surprises. Even for no-risk and small bonuses, it is still essential to remain vigilant. Many online brokers are ill-intentioned and caution is the best way to avoid them.