11 Binary Options Bonuses Marketers are Using to Make You Addicted
When binary options trading was first established in 2008, there were only 8 websites where trades could be placed on binary options. Now, however, that number reaches far into the hundreds. Why? Mainly, the attraction of the industry is that it has learned how to promote itself well through binary options bonuses, causing its popularity to soar. Binary options trading websites have come up with a lot of gimmicks and promotions to get traders to buy in quickly. Here are 11 ways that binary options bonuses are luring investors in, and getting them addicted to binary options trading.
1) Binary Options Bonuses for Sign Up
Many websites claim to have lucrative binary options sign-up bonuses; for the most part, that is true. There are often claims of sign up bonuses as high as 100% on your initial deposit; and this FREE MONEY will be deposited in your account after you place your first few trades. What they don’t tell you is that you have to trade up to 30 times your initial deposit before you can withdraw it. This isn’t a problem for advanced traders, but for those who go blindly into trading, it can be an absolute disaster. We encourage all of you reading this to avoid the common pitfalls of trading by educating yourselves in our free PDF titled “Everything you need to know about trading binary options.”
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2) Binary Options Referral Bonuses
Binary options marketers not only talk about sign-up bonuses getting you free money; they also talk about free money from referral bonuses too. In reality, the binary options websites might pitch you a binary options referral bonus through your referral, but they are the ones who typically make the most money off of referrals.
3) Binary Options Trading Robots
Many websites promote trading that is software-based. These type of binary options bonuses are called trading robots. They work simply enough, with you entering some basic trading parameters into them. Then, supposedly, they will then make winning trades even while you are sleeping. Of course, unless you’ve studied the market good and hard, such a proposition can be too good to be true. If binary options trading were really this easy, everyone would be doing it. If you’re going to employ a robot, make sure you know how to program it to make the proper trades.
4) Marketers Tell You How Easy it is to Trade Binary Options
The marketers often point out how easy binary options trading is, even for beginners. All any investor has to do when using the platform is select an asset to trade; then, pick a time frame for expiration and the direction the asset will trend at that expiration. What they don’t tell you is that trading without knowledge and prudent analysis is financial suicide. To hedge your initial risk of trading, these marketers offer hefty binary options bonuses to kick-start your account.
5) Marketers Claim that Trading Risk can be Minimized
Binary options marketers often claim that trading binary options is the best way to trade market assets because you can mitigate your risk with them. The truth is that there is always risk when a person trades based on an asset in a market that is greatly affected by economic events, current world events and human nature. As a trader, you must understand the notion of risk adjustment.
6) They Never Discuss the Downside of Trading Binary Options
As with any good marketing ploy, the binary option website promoters never discuss the downside of trading binary options. There are many of them, mainly related to the risk of an ever-changing economic market. As with any kind of market trading, there are absolutely no guarantees, even though binary options marketers might pitch it as if there are. Of course, there are some binary options brokers that run promotions with binary options bonuses involve a “guarantee trade” as your first trade. These, on the other hand, are actually guaranteed – marketers utilize these type of binary options bonuses to get new traders familiar with their platform.
7) Binary Options Trading is Trendy
Who doesn’t like to be in the ‘in’ crowd? Binary option marketers often take the position that everybody is doing it, so you should, too. They appeal to other investors with fancy slogans and fancy schemes that play on such claims as, “This trader is getting rich trading binary options; while you’re sweating it out for the long term, hoping your stock or other market trades work out.” Everybody wants to make more money in less time, and only the experts or lucky ones are able to pull it off with binary options.
8) Easy Binary Options Broker Sign Up
Brokers promote easy sign-up, which allows you to start trading even with only a few dollars in your pocket. This is clever, as the promoters know that once you are in and trading, you’ll likely be hooked. This is especially true if your first investment goes well.
9) Claiming that Binary Options are Highly Regulated
A regulatory agency that is based in Cyprus (where there are virtually no stock exchanges), is not much better than having no regulation at all. Despite claims to the contrary, binary options trading is largely unregulated. However, as we mentioned in another binary options article, the industry does do a good job at policing itself.
10) Claims of Website Superior Money Management
How do you manage your money more successfully by trading binary options? Options in general are largely unregulated and full of risk, especially for those that are inexperienced at it. The truth is, unless you have setup an investment bankroll strategy and educated yourself in trading, it is more likely that you are mismanaging your money by trading binary options.
11) Get Rich Quick
What is the number one claim by binary options marketers? That you can get rich in a hurry if you do it. Who isn’t sucked in immediately, attracted by and addicted to promises of making big money in a hurry? Casinos, racetracks, and lotteries have been financially successful for many years by doing this same type of promotion and offers similar to binary options bonuses. The fact of the matter is that you can get rich quick, but it only happens to a small handful of traders – those that educate themselves and commit to trading.
In All Fairness to the Marketers
It may seem that we have looked at how marketers get people to sign up and trade on binary options websites in a somewhat negative way, and that is partially true. We always try to be honest in our analysis and always try to be fair. With that being said, despite the fact that we think some of their marketing is deceptive in nature, the truth is that many investors are making a LOT of money trading binary options. If you want to try trading binary options, the first step you should take is to download the free PDF offered in #1.
