Bonus refers to the sum of money a broker offers to new customers in order to encourage them to open an account. Bonuses can be a crucial factor when choosing a Forex broker, as some of them are not just generous, but also quite lucrative. Thus, it is important to know what bonuses each broker offers and how you can get one.
A Forex bonus can be offered on certain conditions, for example: the amount of deposit, the term of opening an account or the number of trades made. Some brokers give away a portion of their profits from fees from trading.
The most common type of Forex bonuses is provided by brokers that offer traders different amounts depending on the size of their deposits (for example, 10% for $1000). Other brokers offer no-deposit bonuses or bonuses given after trading on an account for a certain period of time.
Bonuses may also be given only if you fulfill some special conditions like giving a referral code or using a promotion code at registration. You should also remember that some bonuses require you to make trades within 90 days in order to be able to withdraw them.
There’s something special about bonuses. So much so, that brokers offer them year round to keep customers interested in their services. So what’s the catch? Well, in order to qualify for a bonus, you’ll have to fulfill a number of conditions. This is generally true for every Forex company offering bonuses, but the particulars vary from broker to broker.
Forex Bonuses
Each year, hundreds of Forex brokers are offering bonuses to attract new customers. The majority of them are only provided to those who sign up and register an account with a minimum deposit. The most common type of bonus is a welcome bonus, which is usually given to new clients who open an account with the broker. It’s usually in the form of initial deposit bonus.
Other types of bonuses include:
– Deposit bonuses for regular clients
– Referral schemes
– “No Deposit” bonuses (used by some brokers as a way to attract new clients)
As you can see from the above list, the major Forex companies tend to offer different kinds of bonuses to their customers. They usually try to find a balance between attracting new clients and rewarding loyal ones. That’s why they often provide regular traders with higher deposits with some type of bonus scheme.
10 Best Forex Brokers With Bonus
If you want to know more, check out our list of the top 10 forex brokers with bonus. Good luck!
Top 10 Forex brokers offering bonuses include:
1. RoboForex
2. Instaforex
3. FBS
4. XM
5. Avatrade
6. Tickmill
7. FXOpen
8. Weltrade
9. World Forex
10. Libertex
Choose The Best Forex Broker
Considering that Forex is the largest financial market in the world, it’s no wonder that many individuals and businesses participate.
Whether you’re new to Forex or have been trading for a while, it pays to do your research before choosing a broker. Here are some tips on how to choose the best Forex broker for you:
Amount of capital required – Most brokers require that you deposit a minimum amount of money for them to be able to offer you their services. Some brokers will only require small sums, but others may ask for a lot more. Make sure you check the minimum amount before placing your funds in an account.
Tight spreads – Spreads are the difference between buy and sell rates of currencies. Some brokers offer tight spreads while others make it wider. If you want to gain more profit from your trades, then it’s best that you choose one with tighter spreads so that your profits are bigger.
Choose a reputable broker – Aside from making sure that they have tight spreads, it’s also important that you choose a reliable Forex broker. This means checking their history and reputation online and asking around about them so that there are no surprises when trading with them.
IC Markets Review
Hello, traders! Today we will talk about the world’s largest Forex exchange by trading volume – the IC Markets.
Tired of clicking through tons of different resources just to get some information? Here you will find everything necessary to make a decision whether this site is worth your attention or not.
IC Markets is a new Forex trading broker that offers a wide range of trading products, from commodities to stocks and more. They are also a fully regulated broker that provides the standard set of regulatory documents (FIFO, OOO, STP).
Trying to become a good trader is hard enough as it is, but having to deal with scam brokers makes it even harder. That’s why we’ve decided to review IC Markets in this article. For further information you can read the IC Markets Review from Traders Union.
Is it Regulated?
IC Markets is a fully regulated forex broker, with offices in Australia and Cyprus. They offer MetaTrader 4 platform, MT4 hosting, trading signals and 24/5 support. Trying to select a forex broker can be a very complicated task. There are so many different things that you have to consider before you can make an informed decision on which one to use.
They need to offer a wide range of tools and features, their spreads and commissions must be competitive, they need to have an experienced staff available at all times for customer support purposes and their general reputation within the industry should be positive. It’s quite easy to overlook some of these things when you’re just trying to find the right broker for your needs.
One name that we haven’t yet mentioned is IC Markets because they happen to be one of our top choices here at Forex Peace Army. In fact, they’ve been ranked as our number one choice twice now.
