It’s no surprise that binary options brokers offer a lot of perks. It’s their way of bribing you to choose them, sign up and make a real money deposit.
What do brokers try to bribe you with? Things like…
- Bonuses.
- Refunds on your losses.
- Strategy sessions with pro traders.
- Advanced education.
- Free trades.
And a ton more. The more money you deposit, the more goodies you get.
One perk the intermediate and advanced crowd will like is the free access to signal providers.
Signal providers send you alerts with advice on what trades to make and when. Then it’s up to you to make the trade(s).
The idea is they do the analyzing (with their mountains of data) so you don’t have to.
This is a nice perk for traders who maybe want a more hands-free experience, or perhaps wants a break from the day-to-day grind.
And I’ll tell you more about it below.
Brokers Who Offer Free Binary Option Signals
These are the top binary options brokers who offer free binary options signals.
- CherryTrade
- OptionFair
- GOptions
There are a couple of things you should keep in mind:
==> You will need to deposit more than the minimum to get this perk. Are you willing to do that? Are free signals worth depositing the extra money? Only you can answer that.
==> You don’t get limitless access. The free signals are good for a month or three. Are you prepared to continue the subscription afterwards?
==> Pay attention to who’s sending out the signals. Experts say they’re only as good as the company sending them? Are they reliable? Do they have (lots of) good data? Are they biased?
Signals aren’t for everyone. Below we answer some common questions about signals. You can also read our dedicated signals page for more information (but you’ll have to come back to this page to get the free access).
Commonly Asked Questions About Free Binary Options Signals
Do signals guarantee I’ll make money trading binary options?
Absolutely not. You still need to get the alert and make the trade in time.
What’s more is it depends on who you’re getting the signal from. How much data do they have? How good is it?
That said; if you can get signals from a reliable source it is possible you’d make more money with them than you would on your own.
From what I’ve seen a standard win-rate for a good signals provider is 55-65%. Some months will be better or worse, obviously.
How do signals work?
The general idea is the signals provider collects data. Many of them have months or even years of information.
They track markets while using this information to spot trends.
When they spot a trend, they send you a message to let you know.
How do I receive the signals?
You can receive signals by text message, email, SMS or voice mail.
What do I do with them?
It’s up to you to take the information you’re given and buy the contract(s).
How much will it cost to continue the signal subscription?
Most signal providers are priced at $100 per month. But if you decide to discontinue the subscription (since most are only good for 1-3 months), you can always try a free alternative. Just realize they may not send out as many signals as the paid providers.
Which is better – signals or bots?
For the money bots will be far better. You’ll pay roughly the same amount of money… maybe a tad more… and will be able to trades hands-free if you want. The bots I’ve seen are a one-off cost, too, not a subscription.
Is it worth it?
Not for beginners.
For everyone else it’ll depend on how serious you are and if you were thinking about using signals anyway.
It’s a good value for you if you were going to invest in signals or invest the same amount of money (or close to it) anyway. It’s a good excuse to check out a signals program free of charge.