AvaTrade also enables forex options trading, which is offered by few other bonus brokers. First deliberate what instrument you plan to trade and find out whether a prospective broker offers it.

Next it is wise to ascertain at what leverage ratio you can trade and what the costs for trading any given asset class would be. Since you have to use a proper trading platform to place trades as well as to run analyses and make big trading decisions, the trading platform offered by a broker is an extremely important factor. Many of the reviewed brokers that offer bonuses support the MetaTrader 4 and MetaTrader 5 trading platforms, both which are very popular with forex and CFD traders.

Both offer customisable charts, forex signals and strategy back testing. Some brokers have their own proprietary trading platforms though, which can be just as powerful and offering exceptional features.

The first step to trading with JustForex is to create your account — either from within the JustForex website or by downloading its mobile app. You also need to upload a copy of some proof of address, which can be a financial statement or utility bill. You need to make a deposit with JustForex before you can access your bonus. To start trading cryptocurrency, navigate to the JustForex dashboard to search for the coin you want to trade. Enter the amount of money you want to trade in the order form you must trade at least ZAR and select the leverage ratio you want to apply to your trade.

Leverage of up to can be used. Then select a stop-loss price and take-profit price consistent with your trading strategy. Creating an account with a no deposit bonus broker enables you to start trading at once without risking any of your own money first.

Many of the best no deposit bonus brokers in South Africa allow you to trade multiple assets, including stocks, forex, commodities, cryptocurrencies, and more. Making the decision to join the world of Forex can indeed be a daunting experience for new traders.

Just like all new experiences, there is usually some great incentive that helps get us over the hill on the decision tree and commit to trying. Forex brokers have realized that they need to offer some incentive to help traders take the first leap of faith. Enter: The Bonus Scheme. There are many traders in the market, and they all offer a range of bonus incentives to encourage traders to complete certain tasks.

Referral bonuses, sign-on bonuses, trade objective bonuses, there are quite a few and are subject to the individuality of each broker. Beginner traders may appreciate any amount that is deposited into the trading account whereas the expert trader may be able to be uninfluenced by it. A fascinating bonus, the no deposit bonus, allows traders to get to trading without having to invest their own money just yet.

Granted, each broker may have specific conditions attached to spending and trading the bonus. This article focuses on which brokers provide excellent bonuses including the few that do offer no deposit bonuses from time to time. It is important to note that no deposit bonuses are not common with brokers but there may be specific offers for limited time frames in order to entice traders to sign up.

The second part of this article mentions some limited offers. The fact that a broker offers a no deposit bonus does NOT mean that they are an excellent broker. Always investigate the broker first to make sure they are trustworthy, regulated and offer good trading conditions. Other brokers offering a Forex No Deposit Bonus The next section in the article focuses on brokers who are offering no deposit bonuses for a limited time.

Some brokers, newer to the market, have less information available than their more established competition. A no-deposit welcome bonus is a promotional offer that allows traders to register and validate their trading account, and start trading provided trading credit that is paid into the trading account. These brokers offer some of the best trading conditions in the industry and provide a safe trading environment for all traders.

Bonuses tend to attract more traders into registering an account, especially with a no-deposit bonus. Not only are traders exempted from paying a minimum deposit, but they also receive trading credit to start trading. Price and trade data source: JSE Ltd All other statistics calculated by Profile Data. All data is delayed by at least 15 minutes. Telephone number: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs, FX or any of our other products work and whether you can afford to take the high risk of losing your money.

Top 4 Brokers. Comprehensive support and training, Global presence with a local feel, Uncompromising security, Advanced trading platforms. Forex Brokers. Forex Trading Platforms. Trading Platforms. Brokers by License. Brokers Types. Broker Reviews. Brokers to Follow. Brokers by Account Type. Index Trading Platforms. Forex Trading South Africa. BEE Shares. Most Popular JSE Shares. Most Popular 20 Global Stocks. Build Your Own Share Portfolio. Open a FREE Trading Account.

Open a FREE Trading Account Menu. What is a No Deposit Bonus? How to compare the brokers that offer different bonuses. How to sign up with your ideal broker. Which brokers have offices in South Africa The best sign-up bonus for apps, for traders on the go.

Min Deposit. Official Site. Visit Broker. User Score. Overall Rating. USD CySEC, FCA, FSA, FSCA, Labuan FSA. MT4, MT5. Open a Real Account. Open an Affiliate Account. USD 5. CySEC, FSC, FSCA. USD 1. IFSC, FSCA south africa , ASIC, CySEC.

MetaTrader 4, MetaTrader 5. Welcome bonus. The new Crypto account has over instruments with digital currencies. FSA, Cysec. IFSC, CySec, ASIC. Desktop MT4 and MT5, Mobile MT4 and MT5, XM mobile app, Web platform.

No Just spread. CySEC, FCA. 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. 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:. There are also regulators operating in Malta, Japan and the Isle of Man. Many other authorities are now taking a keen a 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. 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 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 are 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. 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:. We have a lot of detailed guides and strategy articles for both general education and specialized trading techniques.

Below are a few to get you started if you want to learn the basic before you start trading. From Martingale to Rainbow, you can find plenty more on the strategy page. For further reading on signals and reviews of different services go to the signals page.

If you are totally new to the trading scene then watch this great video by Professor Shiller of Yale University who introduces the main ideas of options:. The ability to trade the different types of binary options can be achieved by understanding certain concepts such as strike price or price barrier, settlement, and expiration date. All trades have dates at which they expire.

In addition, the price targets are key levels that the trader sets as benchmarks to determine outcomes. We will see the application of price targets when we explain the different types. Expiry times can be as low as 5 minutes.

How does it work? First, the trader sets two price targets to form a price range. The best way to use the tunnel binaries is to use the pivot points of the asset.

If you are familiar with pivot points in forex, then you should be able to trade this type. This type is predicated on the price action touching a price barrier or not.

If the price action does not touch the price target the strike price before expiry, the trade will end up as a loss. Here you are betting on the price action of the underlying asset not touching the strike price before the expiration. There are variations of this type where we have the Double Touch and Double No Touch. Here the trader can set two price targets and purchase a contract that bets on the price touching both targets before expiration Double Touch or not touching both targets before expiration Double No Touch.

Normally you would only employ the Double Touch trade when there is intense market volatility and prices are expected to take out several price levels. Some brokers offer all three types, while others offer two, and there are those that offer only one variety.

In addition, some brokers also put restrictions on how expiration dates are set. In order to get the best of the different types, traders are advised to shop around for brokers who will give them maximum flexibility in terms of types and expiration times that can be set.

Trading via your mobile has been made very easy as all major brokers provide fully developed mobile trading apps. Most trading platforms have been designed with mobile device users in mind. So the mobile version will be very similar, if not the same, as the full web version on the traditional websites. Brokers will cater for both iOS and Android devices, and produce versions for each.

Downloads are quick, and traders can sign up via the mobile site as well. Our reviews contain more detail about each brokers mobile app, but most are fully aware that this is a growing area of trading.

Traders want to react immediately to news events and market updates, so brokers provide the tools for clients to trade wherever they are. So, in short, they are a form of fixed return financial options.

The steps above will be the same at every single broker. Call and Put are simply the terms given to buying or selling an option. If a trader thinks the underlying price will go up in value , they can open a call. But where they expect the price to go down , they can place a put trade. Others drop the phrases put and call altogether.

Almost every trading platform will make it absolutely clear which direction a trader is opening an option in. As a financial investment tool binary options are not a scam, but there are brokers, trading robots and signal providers that are untrustworthy and dishonest.

The point is not to write off the concept of binary options, based solely on a handful of dishonest brokers. The image of these financial instruments has suffered as a result of these operators, but regulators are slowly starting to prosecute and fine the offenders and the industry is being cleaned up. Our forum is a great place to raise awareness of any wrongdoing.

Binary trading strategies are unique to each trade. We have a binary options strategy section, and there are ideas that traders can experiment with. The education offered at XM consists of videos, seminars, and tutorials with lessons covering various topics. These educational materials come in 19 distinct languages. It offers live training lessons for XM users that are available online and offline.

These features are in the website, mobile application, and desktop version. The desktop has notifications for traders to keep track of the financial markets. XM has the MQL5, an automated service that allows traders to copy trades and get trading signals. The MQL5 gives traders the chance to be ahead of the market with its fast execution rates. XM users can contact them from their phone numbers, live chat, and email. XM forex spreads are lower than those of most forex brokers.

It charges 0. It charges no commissions on its platform, as they earn through forex spreads. XM users deposit into their accounts through credit cards, Bank transfers, if they are available in your regions. It accepts digital wallets like Skrill, Neteller, Moneybookers, and others. InstaForex is a trading broker founded in and has grown to have over 7 million users globally. It has the welcome bonus feature for newly registered forex traders. It has access to many financial instruments like forex, commodities, cryptocurrencies, derivatives, stocks, and CFDs.

InstaForex has six trading accounts to cater to diverse forex clients. It has the Standard, ECN, Eurica, ECN pro, and the scalping account. Eureka and the standard account is for new traders and has no minimum deposit. What you require to do is to;. InstaForex has educational features such as videos tutorials, Courses, and articles to help new traders learn fast.

These educational materials get collected from research and target retail traders with fundamental knowledge about financial markets. Their research gets done by a team of more than 30 analysts, which they present to Instaforex users as analysis. It has a free demo account for traders who want to look at the InstaForex platform functionality or practice trading.

It also has high leverage of up to that forex traders like to utilize. Furthermore, it integrated the Meta Trader 4 and 5, Insta-tick, the web trader trading platform. It is available on mobile, desktop, and web-based platforms. Their customer support is present to answer any questions traders have through email, phone, and live chats. They are also active on social media like Facebook, Telegram, and WhatsApp. Instaforex makes its profits through forex spreads, but their forex spreads are competitive.

The ECN, scalping, and ECN pro accounts have narrow forex spreads ranging from 0. Instaforex is slightly different from other forex brokers because 1 standard lot equals 10, units of base currency instead of , units. The commissions are high for InstaForex users , but the forex spreads are low for the accounts with high commissions. It has no deposit and withdrawal fee, and the overnight fee is according to the position size. Users can also deposit bitcoin through crypto-wallets. Tickmill offers CFDs, Cryptocurrencies, stocks, indices, and metals.

It is regulated by the;. Tick mill has three account types, pro, classic, and VIP accounts. The Pro account and the VIP have tight spreads, while the classic has high forex spreads. Tickmill partners with Meta trader 4 and 5 trading platforms, that allow traders to access premium charting software, over 30 indicators, and other tools.

It provides research tools like the advanced trading tool kit present on the trading platforms. Tickmill users can get information about the market through data analyzed by their market experts and presented on their website. They also have the Autochartist tool to add to the signals and information provided to forex traders. It has a demo account and copies trading feature to allow forex traders to copy strategies from forex experts.

Tickmill is available on the website and has a desktop version. Its mobile application got developed for account management only. It has an average amount of educational resources, some e-books, and videos on its trading platform. It also has YouTube videos carried out as webinars for forex trading. Their customer support is fast and assists within 24 hours.

Tickmill has an average forex spread of 0. It has a fee for deposit and withdrawal of funds and charges no inactivity fees for dormant accounts. The payment is through bank transfers, debit, or credit cards. It accepts electronic wallets such as Neteller, Skrill, Paysafecard, Sorfort, Webmoney, and other payment platforms. You can only apply once for a welcome bonus. It is a promotion offered to new forex brokers with new accounts.

You cannot withdraw because the welcome bonus is used as credit for trading. Once you make profits using the welcome bonus, you can withdraw your profits. Not all forex brokers require a deposit, others only require users to open an account on their platform and apply for the welcome bonus. Many forex brokers offer traders a welcome bonus.

A forex broker with a welcome bonus makes his trading platform lucrative for a trader. If a trader is looking for the best forex broker with a welcome bonus, he can sign up with one of the following five forex brokers. A trader can sign up with a forex broker with a welcome bonus within simple steps. Clicking on this option will allow traders to enter their details to make a trading account. They can enjoy trading once they submit this information and the broker verifies it.

A forex broker with a welcome bonus will allow traders to use it as and when they sign up for the trading account. The broker will credit it to your account, and you can use this bonus and your deposit to make the trade.

However, a trader cannot withdraw the welcome bonus. It is available only for trading. Last Updated on December 14, by Rohan Mahndiratta. Risk Warning: The financial products offered by the promoted companies carry a high level of risk and can result in the loss of all your funds.

You should never invest money that you cannot afford to lose. Your capital can be endangered.

Binary options trading has become one of the most interesting and lucrative schemes for traders out there. Being easier to understand than other options, online binary trading has helped many low-skilled traders to earn some extra bucks.

While some trading platforms have higher payouts, others might have higher deposit bonuses. So, picking the right platform can be tricky, especially for beginners. Check them out! At the top of our list of best binary option trading platforms is Pocket Option. It was launched in by a team of FinTech and IT experts who had the sole objective of providing their customers a convenient and accessible platform for binary trading.

Since then, they have successfully acquired more than , customers from over 95 countries across the globe. The platform has received decent reviews from experienced and new traders. Almost all users have loved their easy-to-use interface layout and trading functions. If you are looking for a comprehensive platform that covers the trading circles of the US and Europe, this is the one. The minimum deposit amount is extremely reasonable, making the platform well-loved among customers.

The site offers you the flexibility to manage your income, withdraw or continue investing in binary trading options. The site has received praise for its tutorials and educational guides to help out beginners. Most traders stated that the platform made binary trading way easier for them. Along with all this, Pocket Option also has convenient mobile apps so that you can always have quick and easy access to your binary options.

The platform allows you to open a demo account and start trading with virtual money. It allows users to experiment with website features and get accustomed to binary options trading. It offers you excellent trading options, including stocks, cryptocurrencies, commodities, and currency. Their services also include more than payment options, with no commissions on withdrawals or deposits. After creating your trading account and verifying it, you will get many convenient deposit options to pick.

Another reason beginners love this platform is their educational resources. The platform offers you guides and tutorials on trading strategies for optimizing your investments and gaining the most out of each trade.

Pocket Option allows you to use cashback for a more comfortable trading experience which is also less risky. It offers you maximum comfort while investing your hard-earned money. The last binary options trading platform on our list is Binary. com an award-winning company with decades of experience. They have been in the market since and follow a very simple and straightforward approach towards offering trading services. Coupled with an excellent web interface, they have a host of other features to attract potential traders.

So, no worries about regulation and security. Over the years, the platform has received multiple awards for its ease of use, flexibility, and high-quality services. It also helps you to understand how much you will gain or lose while participating in a trade. The company has been regulated and licensed in Malta and the British Isles since In Europe, the platform is regulated by the MFSA Malta Financial Services Authority ; it operates under the name Binary Investments Ltd.

For clients who want to open a CFD Metatrader 5 or FX account, the platform is regulated by these three bodies — Vanuatu Financial Services Commission, Labuan Financial Services Authority, and British Virgin Islands Financial Services Commission.

As the minimum deposit amount is reasonable, the platform is more suitable for casual traders and beginners. There are plenty of deposit and withdrawal processes, so you need not worry about that. Over the years, the top-class trading services offered by the platform have allowed it to gather tons of positive reviews. Most users loved the diversity of functionalities in the account types.

You get to browse more than a hundred markets, including Forex, crypto, and CFD. The sign-up process is convenient, and the platform follows the handholding approach to help you understand functionalities.

All the withdrawal and transactional processes are smooth. You can open accounts using your email address. However, there are no bonuses on account opening. A virtual account is offered for those who want to try out the platform and how binary options trading works.

The company will put a sufficient amount of virtual credit in this account, which you can use to trade. The platform offers TradingView, technical analysis, and charting functionality that helps you analyze the current markets. Then, you also get SmartCharts, which enables you to study the financial markets using interactive visualizations and trading tools. com has other amazing functionality that they categorize into two sections — beginner and advanced.

You get the following features under the beginner section:. The company has plenty of educational resources for you to go through. You will find that the concepts are broken down into small chunks for easy understandability.

All information related to binary options lookbacks and MetaTrader 5 is clearly presented for you. com for the Best Discount. IQCent is a very popular platform in the trading arena with excellent features catering to all types of users. Moreover, you can easily fund your trading account using credit cards, bank transfers, bitcoin, ethereum, and other methods.

After the company receives a confirmation of the payment, it will add your funds immediately. The platform offers more than a hundred trading assets, including crypto, commodities, stocks, and multiple payment methods are accepted here. This binary trading broker is handled by a company called Wave Makers LTD, with headquarters in the Marshall Islands.

No other regulatory body oversees its operations. In case you want to withdraw some balance, you need to provide your ID. Withdrawals take about an hour after the platform has received the necessary confirmations. It allowed many traders to follow the pros and sharpen their skills. As all the processes are super smooth and easy to follow, the platform has become very popular among beginners. All traders enjoyed the excellent bonuses offered by the site.

They stated that the account opening, fund transfers, and withdrawals were quick. The SSL-certified security is also commendable. The referral program has also benefited many customers. The users also loved the versatility of the platform, as you can use it on any device effortlessly. IQcent lets you open three types of accounts for binary options trading — Bronze, Silver, and Gold.

The Bronze account is the basic account that is suitable for all types of users. Submitting your ID, filling up a registration form, and funding your account will set you up. The next account type is Silver, which includes all the facilities of the previous account. You get a web session to learn effective trading strategies.

Further, your first three trades will be completely risk-free. The last account type is Gold, which offers you all the features of the previous two accounts. Along with the masterclass web session, you also get a personal success manager to assist you throughout all your trades.

When it comes to funding methods, IQcent is a completely secure SSL certificate fund transfer process. However, the funding processes may slow down during weekends or holidays. The platform guarantees all its traders that withdrawals will be processed in under an hour.

If you run into any issues, they have an excellent customer support team to handle them efficiently. Further, the platform also lets you trade over weekends. As we aimed to offer you a holistic information overview, required to pick the right binary options trading platform, we went through countless hours of research.

Our team started by analyzing the most popular platforms out there where traders invested the most. It left us with a handful of platforms to delve deeper into. We took a closer look at which platforms offered the most success to traders. It automatically allowed us to cut the list short and focus on a select few platforms. A binary trading platform needs to be regulated by a governmental body such as Commodity Futures Trading Commission CFTC.

So, we checked to see whether these brokers were properly regulated and followed the legalities properly. Our team then moved on to check the range of underlying assets these platforms offered. It was an important factor to check; more options will give you better opportunities to explore the markets. Also, some companies may impose limitations on these markets. As a result, our list was shortened as we kept only the diverse platforms and left out the rest.

We also focused on any country restrictions these companies faced. It allowed us to understand the level of transparency of these sites. Lastly, we compared the companies based on their customer service ratings and promptness in attending to their users. We also asked some of our team members to try these platforms out before preparing our final list. This allowed us to get the most authentic information possible. Before selecting a binary options trading broker, you need to do your homework.

IC Markets Review 8. The top broker has been selected as the best choice for most traders. It offers you maximum comfort while investing your hard-earned money. Reputable brokers will rarely make cold calls — they do not need to. Referral bonuses, sign-on bonuses, trade objective bonuses, there are quite a few and are subject to the individuality of each broker. Wrong use of any strategy or mixed signals will eventually lead you to lose money. If the merchant demands new clients sign up with a particular broker, or they pick the broker from a limited list — do not proceed.

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