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Binary No Deposit Bonus (Binary Options) or commonly called (No Deposit Bonus/Welcome Bonus/NDB) is a promotion organized by a brokerage company that gives you a live trading account with a free bonus balance, so you can trade and connect to the real market in real time.
Is Pocket Option Withdrawal legit? The PocketOption is a legit platform and may be convenient and easy to use, although it has several disadvantages that make it less favorable compared to other trading platforms.
Why is binary trading illegal? Regulation and fraud. Many binary option "brokers" have been exposed as fraudulent operations. In those cases, there is no real brokerage; the customer is betting against the broker, who is acting as a bucket shop. Manipulation of price data to cause customers to lose is common.
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Generally, you have to register, then verify (email, telephone number & your identity), after that you can claim the bonus, but there are some brokers just simply register and then claim the bonus without verification process.
How to withdraw NDB?
Generally, bonuses cannot be withdrawn and only profit can be withdrawn, but there are some brokers who can make profit withdrawals along with their bonuses, of course, according to the terms and conditions.
This is a very good opportunity or initial step for you to be able to start binary trading without funds and without risk, so you don't need funds to deposit and avoid financial losses, when your trading has a loss (Margin Call) you don't need to replace it, and when you get a profit you can also withdraw profits in accordance with applicable terms and conditions.