Professional and expert traders love the best forex bonuses for their benefit, and for fun. With years of experience and strong discipline, they understand deeply how to use free money in trading currency. Therefore, if you are not certain with foreign exchange career, this article is not for you.
In recent years, the forex market is more and more popular, especially in Asian areas. Traders’ community expand with new traders coming everyday, and it is challenging to find trustworthy brokers with good bonuses for newcomers without a careful research. Beside reliable brokers, scam brokers can also easily hook new customers by some catchy bonus. Therefore, the basic knowledge on the best forex bonuses are important belong with suitable strategy as well. Now, let’s begin.
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1. The Best Forex Bonuses
In general, there are three sorts of Forex Bonus: Sign-up Bonus, Deposit Bonus, and Lot Back Bonus; which are suitable with new traders, professionals, and experts respectively.
Also known as Non-Deposit Bonus or Welcome Bonus, there will be $30 – $50 gift right after the registration and verification, you can find your bonus added after creating an account. You can start trading immediately with the free bonus. If you lose, nothing lost but the free money; if you win, all yours. You deposit none and risk none, that’s why the Sign-up Bonus is claimed to be the best Forex Bonus type. There are also exceptions depending on brokers’ policy, the Welcome Bonus sometimes also require you to deposit or start your trading as a method to prevent forex cheating strategies.
There are two disadvantages: the Welcome Bonus could be decent for new traders with small budget, but it is small compared to high ambition from all forex traders. Besides, you can receive Welcome Bonus once only with each brokers, it takes time to prove your trustworthy to reliable brokers, until then you can make withdrawals with less concern of such terms and conditions.
You deposit $100, then you can get $20 – $100 bonus. If you deposit $1000, you can have up to a grand. The Deposit Bonus is percentage bonus which bases on the money you deposit, which encourages traders to deposit more. Thus, the Deposit Bonus is offered for loyal clients exclusively. Brokers send this special offer to only chosen accounts via private message. Moreover, deposit bonus is not limited which is even better for regular traders.
Some brokers also set this gift as Welcome Bonus, this deadly promotion could attract numerous forex cheaters – an unwise strategy. Moreover, such good-looking bonus may come from scam brokers, traders need to be cautious before accepting them. Reliable brokers also have similar bonus, but with the strong terms. And it’s worth noting that: when you withdraw profit, your forex bonuses might be lost in some cases.
Lot Back Bonuses
This is what we mention earlier, professional and expert traders love this lot back bonus, which is design solely for them. Take an example:
- XM’s spread for EUR/USD is 1.4 pip with $14 for a trading lot. You save $3 and need to pay only $11 for the next transaction.
Trustworthy brokers can offer up to 50% of this bonus, and the requirement is more than simple: trade. For traders who spend most of their time trading with constant transactions, this bonus is valuable. This rebate depends on the trading pairs, account types, and trading time. There is no room for new account or cheaters to play around with Lot Back Bonus.
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2. Strategy with Forex Bonus
The advantages and disadvantages of Forex bonus depend on your own strategies. Do not try to cheat and escape with Forex Bonus. Cheaters go with massive clown accounts to get Welcome Promotion, hedge two accounts to get 50% win account, then disappear. They need brokers allowed withdrawing bonus profit with no condition, or they search for high leverage brokers, build one merged accounts with 50% win rate. The behaviors show weaknesses and prove that you are an undisciplined trader who has no honor.
New traders, who have less experience and need practices, need professional and real trading condition to start with. You can try the Cent Account from small brokers for such environment with small deposit (Exness also offers Cent Account), or the Demo Account with demo money with no pressure to work out. Until you are firm and skillful, register for a new account to get Welcome Bonus and take your reward.
For Deposit and Lot Back Bonus, wait until you are professional, or three month with diligence at least. You need to keep tight discipline, or the false sense of security and aggressiveness will guide you to big loss in short time. Do research carefully and trade with the reliable and largest brokers first, then you can handle the best forex bonuses with confidence, and humble.
If you are truly serious with currency trading, do not skip the bonus offers, whether you are a novice or an expert. It is your job to consider and control the risk to gain success. Don’t be careless, learn with a cool head, find reliable brokers, be responsible, and success will find you. Finally, here are some forex bonus examples from the top brokers for your consideration.
XM: 30$ welcome bonus
FBS: 50$ welcome bonus
XM: 100% deposit bonus
Exness: 2 – 16$ per lot – Lot Back Bonuses
Thank you for your time reading. See you next time.