How to make money on binary options without any investment?

How to make money on binary options without any investment?

You can make money on binary options without investments.

No, I’m not kidding!

You can make some cool bucks without investing anything.

That’s what we are going to discuss today.

So, if you want to dip your toes without investing, then make sure to stick till the end.

Saqib Iqbal 424

Content

What are binary options anyway?

What are binary options anyway?

First, let’s talk a bit about binary options.

I’m sure you know how it works.

But let’s explain it to make things easier.

A binary option is a contract having two possible outcomes.

Think of it as a Yes or No scenario.

You can either win or lose.

There are two types of binary options; cash binary and asset of binary option.

You get a specific amount when the option expires with the cash binary option.

In the binary option asset, you get the worth of the investment you are trading.

Binary options screenplay

Binary options screenplay

The two forms of binary options are or nothing options.

You can trade forex, stocks, commodities, and other assets with binary options.

Example 

Ok, let’s explain binary options with an example.

For this example, I’ll take the following situation:

“Will the price of GBP/USD go above 1.3500 at noon today”?

If you think the price will rise, you place an order for buy.

On the contrary, you sell the pair if you think GBP/USD will dip.

One thing to remember is the price of the binary option.

The cost of binary options always travels between $0 and $100.

So, likerewardother financial market, the binary option bids and asks prices.

Let’s say GBP/USD is showing 1.35000/1.35001

The 1.3500 value is the bid price.

The 1.35001 is the asking price.

If you buy the binary option, you’ll have to bid at 1.35000.

And if you sell the binary option, you’ll have to ask at 1.35001.

Let’s say you decide to go long on GBP to USD.

If the pair’s value does increase by noon, your option expires.

And now your options are worth $100.

You make an excellent profit.

If you win the option, this refers to remaining in the money.

On the other hand, if you lose, your options worth is $0.

And you get nothing.

The bid and ask prices constantly move till the option expires.

The good thing is that you can close your position at any time if you want.

You can close the position before the option expires.

You do this to prevent further losses or to maximize profits.

For instance, if you don’t want to continue the trade, you can close the option.

Further reading

How do you make money with binary options?

How do you make money with binary options?

Before going further, we have to discuss a few things.

It’s about how you can make money with binary options.

So, let’s find out.

As I mentioned before, a binary option contract values between $0 and $100.

When you win, you win $100.

When you lose, you lose the invested amount.

There’s always someone taking a position opposite to you.

For example, someone will sell the binary option if you buy it.

Trader trading on a binary platform

Trader trading on a binary platform

So, if you win, the other person will lose.

Conversely, if you lose, the other person will win.

So, that’s how you make money with binary options.

Further reading

How to make money in binary without investing anything?

How to make money in binary without investing anything?

Let’s move to the juicy part of this guide.

As I said earlier, you can make money without investing.

Here are some of the ways to make money on binary options without investing:

 1. No-risk trades

Many binary options brokers provide no-risk trade.

Risk-free or no-risk trading means you don’t lose anything.

Brokers provide no-risk trade

The broker returns your lost amount.

So, it’s a nothing-at-stake situation.

Brokers provide no-risk trading to new users who sign up with them.

You may also check out the 11 best trading apps with no risk.

Some brokers also offer a “break-even trading day.”

It means all your losing trades get back to you at the end of the day.

It’s a good chance for beginners to try binary options without losing anything.

If you win a trade, you keep the money.

So, you make money without investing.

If you lose a trade, you lose without risking anything.

2. Affiliate programs 

If you want to try binary options without trading, an affiliate program is ideal.

Here what you need to do is promote binary option brokers.

You just promote them, and in return, you get a commission.

Anyone can become an affiliate.

You just need to have a website on which you’ll promote affiliate links.

If you don’t have a website, you can promote it on social media.

However, promoting binary options is a bit tricky on social media.

To get an affiliate link, you need to sign up.

Many brokers have an affiliate program option at the bottom of the homepage.

Your commission depends on the broker’s conditions.

You get a commission; a person using your affiliate link needs to sign up.

In some cases, even if a person opens a demo account, you get a commission.

You can use these payouts to trade binary options without investing anything.

3. Trading tournaments

Yes, just like sports tournaments, there are trading tournaments.

Many top brokers offer trading tournaments.

They allow everyone to sign up and enter the tournament.

You can also enter even if you are using a demo account.

Winners of the tournament get a cash reward.

The broker deposits this into the person’s account.

However, some brokers don’t offer a cash prize.

They just provide their premium tools or courses.

Entering a tournament is a great way to test your trading skills.

And also earn on the side without investing.

IQ options trading tournament

IQ options trading tournament

4. Sign up bonus

Brokers also offer a sign-up bonus.

It’s a “no-deposit bonus.”

Consider a sign-up bonus free money for trading.

You just need to sign-up with the broker, and voila!

Sign-up bonus differs from the deposit bonus.

In deposit bonus, you have to deposit first to get a bonus.

It’s important to know that you don’t get your money back with a sign-up bonus.

If you lose the trade, you lose the bonus.

But the good thing is, you are not investing anything.

The broker is paying you to trade.

If you lose, you lose the broker’s money.

If you win, the money is yours.

The bonus rate depends on the brokers.

However, generally, it is between $10 and $50.

5. Other promotions

Brokers also offer many other promotions.

Brokers offer many promotions

With these promotions, you don’t have to invest a dime.

For example, a broker can offer a fund if you complete a questionnaire.

You can also recommend friends to get some money from the broker.

When your friends sign-up with the broker, you get commissions.

Many brokers also provide a cashback program.

Cashbacks are loyalty programs.

You earn points by trading.

The more you trade, the more points you earn.

These points are redeemable.

You can redeem them from your account and withdraw them.

Are binary options without investment worth it?

Now you know how you can trade without investment.

But the question is it worth it?

Let’s find out.

It’s good that you can trade binary options without investing.

If you are a beginner and want to try binary options, it’s ideal.

As a beginner, you may need free signals or social/copy trading.

It allows you to understand the market without losing your own money.

You can get familiar with the trading platform.

And learn the basic features comfortably.

On the other hand, trading without investing isn’t growth-able.

The thing with these ways is they limit your trading.

You can only trade with a small amount of capital.

If you want to grow, then you have to invest.

Even if you don’t invest a lot, you have to have some capital for growth.

If you are thinking about making binary options your career, you need some capital.

So, these are both the answers.

Yes, trading without investing is worth it.

But it limits your options.

If you are a beginner, the ways I mentioned earlier will help you.

However, if you want to grow, you need some investment.

Further reading
FAQs

FAQs

Can you make money on binary options without investment?

Yes, you can make money without investing your capital. All you need is to find out the right no deposit bonus plans for your trading. And not to forget, you must know well about trading.

What are some of the ways to trade binary options without investment?

You can from the sign-up bonus, no-risk trade, affiliate program, and other methods. Just surf around and find out which brokers offer these programs. Choose the one that suits you.

Can you make a full-time income without investing in binary options?

Although you can take a mild start in trading and experience some profit as well, If you want to make a full-time income, you need some capital.

What can I trade by using no-investment methods?

You can trade every asset by using the no-investment methods. However, you might be restricted by certain terms and the lower leverage offered by the broker.

Is binary trading risky?

Trading in binary options is risky, but it is ideal to do it without any upfront cost. So, just try to get your sign up bonus to get started.

Final thoughts

So, there you have it!

The ways I discuss are how you can trade binary options without any funds.

As I said earlier, you need some initial investment to grow.

Further reading