WHAT BEST FOREX BONUSES OFFER IN ACTUAL

Written by Posted On Tuesday, 18 September 2018 23:45

This sharing is for traders who are getting confused about what is happening with forex bonuses. I have a list below which can have you with some good recommendations of best forex bonuses from the biggest brokers in the market.

There are some questions that I supposed to explain, and they may help a lot for people who are either searching for good bonuses or brokers to trade with in future.

1.   Types of forex bonuses and who are offering the best?

2.   Backward of forex bonuses

3.   How to withdraw bonuses

4.   Good bonuses or low spread?

For traders who initially started the business without bonuses, they might think bonuses are just marketing strategies and such a non-profitable offer. It wasn’t easy if you want to succeed in forex by trading bonuses, you are supposed to make a real investment to be so. However, bonuses are calls for newbie and motivation for many traders on the way.

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1. Types of forex bonuses and who are offering the best?

I want to introduce and discuss 3 main types of bonuses that occurs the most popularly:

Welcome bonuses (or non-deposit bonuses) are to new accounts. New clients are motivated to open accounts in a broker with the support of $30- $50 available in their positions. Its primary purpose was to help traders to experience a broker’s trade terms at the beginning, however, for some forex cheaters, they are an invitation of some tricky job to earn bonuses money instead of investing real money.

Since most new brokers attract new customers by welcome bonuses, I do not recommend it. However, there are also big brokers who offer welcome bonuses for traders to practice trading and get to know the system. You might want to read more about welcome bonuses in XM and FBS.

Deposit bonuses usually happen to registered accounts which are rarely activated or trading at recent times. Bonuses amount depends on the former deposit. The more you deposit, the more bonuses you are given. The rate is usually 10%, 30%. Some brokers can offer 100% of deposit such as XM.

Lot back bonuses are understood as a loyal customer rewarding program because they are only for long-term investors. Generally, you will get a rebate to your account after finish a transaction. The reimbursement is paid directly to the account, and it means you paid transaction fee less than you have to. How much you get depend on trading time, currencies you trade and your accounts.

For example. XM offers 1.4 pip for EUR/USD and $3 for Lot back bonuses. Thus, you only pay $11 instead of $14 as the original spread says.

2. Backward of forex bonuses

Bonuses sound charming but it not a big bonus for anyone who is looking forward. They have some backward you need to see:

Welcome bonuses: general amount brokers offer to traders is $50, and that is free gift-away. However, you nearly cannot withdraw that money, or the policy is ways too hard. The welcome bonuses are too little for any traders to do a severe investment on the market, or if they are lucky to win a transaction at first place, it’s supposed to be another gift but not too much.

Moreover, welcome bonuses are to encourage traders to open a position and trade with individual brokers, most are new brokers, and I think they are not trustworthy enough for you to think of long-term investment.

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Deposit bonuses: most brokers offer high deposit bonuses but with hard-to-break terms of withdrawing. Sometimes, they are just money for you to continue trading and you never take it in your hand. Some people try to repeal it, and they lose the bonuses.

Lot back bonuses: it’s unable to withdraw in any way because it’s a rebate to trades’ account directly. The reimbursement might be too small for you to see the benefit. However, for long-term investors, it could be a real bonus, like a discount of transaction charge.

3. How to withdraw bonuses?

As I mentioned before, traders can hardly withdraw the bonuses, but if you can nail the terms, the hard job turns possible task.

One of the terms to withdraw bonuses are that traders must win a specific number of transactions. However, the required number of lots may be too much that you cannot earn enough before you lose too much.

Some forex cheaters register many accounts at the same time and get welcome bonuses. They will trade those accounts altogether and let one win the others. Therefore, only one account will fulfill the terms and hey can withdraw that money.

Deposit and lot back bonuses cannot be withdrawn, but you can trade on it and get profit.

4.   Good bonuses or low spread?

Either of them sounds attractive to most traders but not the main reasons to choose a broker. The first thing you should consider about brokers is their credibility.

If you are long-term investors, there is no need for good bonuses or low spread because you can pay per income, not spread. However, the gifts are not much for real investment job, and you cannot win the severe amount of money from it.

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