It can be said that South African market is a fruitful soil for binary options trading.
For few years now, it is considered as an alternative in online investment trading. Binary options trading has become field of interest among many investors in South Africa thanks to its easiness in trading, high payouts and possibility to become experienced investor in a short span of time.
Due to presence of many reliable brokers on the market, there is capacity to attract more people to binary world and offer them secure trading platform with a variety of features and binary options bonuses.
Below in the article, we will explain you more closely what is binary options bonus and what are available bonuses offered by brokers in this industry.
What is Binary Bonus?
Binary options bonus serves as an incentive to more profitable binary options trading journey.
There are different bonus types that are offered to traders in South Africa to receive and use them in trading process. Majority of trustworthy brokers offer a set of different binary options bonuses to attract traders into signing in with the trading platform.
Below, we will list you the most popular types that are offered to traders in binary trading. Brokers usually offer traders different bonuses that are intended for both new traders and those with experience in binary options industry.
Each binary broker who participate on financial market decides for himself what binary options bonus system does he want to offer to traders. South African traders should know that use of bonuses can assist them to achieve success when trading binary options, but only if used properly.
We recommend traders to first read bonus policy and get all relevant information regarding bonuses in binary world and how to benefit from them. To have access to binary options bonus, traders initially have to register on chosen trading platform. Receiving bonuses is not obligatory, it depends on traders and their preferences if they want to accept them.
Traders should have to keep in mind how some bonuses come with certain conditions, such as turnover required that has to be conducted before withdrawal process. In order to have all important information about bonus, reading terms and conditions and binary options bonus trading terms is crucial for transparent and successful binary trading process.
Binary Trading Bonus in South Africa
In binary options industry a variety of different bonuses are available to use. In this article section, we will list the most often used bonuses and their characteristics and features they bring traders in South Africa. These bonus types are: no deposit bonus, welcome bonus a refer-a-friend.
No Deposit Bonus for South Africans
This is probably the most popular type of binary options bonus in binary options trading and provided by many reliable brokers.
No deposit bonus is presented as an award for choosing and registering to the particular trading platform. Brokers usually offer traders a specific amount of money and to receive no deposit binary options bonus, traders don’t have to deposit to be able to use it.
Another also popular binary options bonus type is welcome bonus, that is offered to traders as a sign of gratitude for joining the platform. A lot of brokers serve welcome bonus to their new traders in order to invest money and trade with binary options.
To be able to use welcome bonus, traders have to create an account and deposit required amount of minimum deposit. Final amount of bonus will be calculated in accordance with first deposit made. Since welcome bonus is exclusively given to traders beginners, once received, traders can not apply for welcome bonus again if they are regular traders now.
Refer-a-friend is a widespread binary options bonus, provided by many trustworthy brokers, present on South African market.
It is considered to be a great way to engage more new traders to join a specific trading platform and start trading and maximizing profit. Use of refer a friend bonus is actually very simple. It takes for traders to invite their friend and interest him to binary options trading. Friend referral is afterwards rewarded with a bonus, either in money or in percentage from initial deposit, made by new trader.
Binary Bonus Terms and Conditions for South Africans
We hope we covered at least basics of binary options bonus and bonus types that are offered to traders, residing in South Africa.
The first and most important concern should be to find a reliable binary broker with safe trading platform. This way, traders can be sure they are dealing with straightforward broker who has clearly stated and transparent bonus policy, listed on site.
If bonus conditions match traders wishes, then they can fully use bonus to earn more money and be successful in trading process.
As the biggest regulatory body in binary options industry, CySEC pays a lot of attention control bonus policy and to ensure traders worldwide to invest only in safe platform with a reliable binary brokers.
Their goal is to clarify bonus trading terms and avoid scam on the market. According to CySEC Circular regarding bonus terms, it is stated how binary broker have to explain traders more clear how does bonus policy work and show examples, so that all traders can easily understand it.
CySEC mentions that if there are any binary options bonus conditions, they should be well explained so that traders can get this information on the site.