BEST FOREX BONUSES AND PROMOTIONS

A forex bonus is an additional amount of trading credit that a broker extends to traders as a part of a promotional campaign. Typically, it is linked to your account balance and can work on your behalf to open larger positions, however, it is still bound by scenarios where you have to meet certain requirements before you are allowed to make withdrawals.

Not precisely. While the broker doesn’t charge for the bonus, he usually sets certain terms for the volume of trading. That is to say, you will be required to trade a certain number of lots before any withdrawal of the profits obtained from the bonus.

Generally, the answer is no. The bonus amount is typically a non withdrawable portion of the account. At the same time, the profit achievable through using the trading bonus may be withdrawn once the necessary turnover has been completed.

No deposit bonuses are granted without the need for deposits and thus enable you to try trading with real but risk free funds. As opposed to that, a deposit bonus is offered only after you deposit funds into your account and is usually computed as a percentage of your deposit.

Trading volume requirements are one of the means through which brokers protect themselves from abuse and ensure that traders are actively engaged in using the platform. Besides, it is a method of confirming that profits made are a result of real trading activity, not just the exploitation of the bonus.

Indeed, they are capable of doing this. By bonuses, your margin available is increased, which action may entice you into placing bigger trades. Thus, while on the one hand, it is capable of increasing your gains, on the other hand, it can greatly increase your losses if you do not follow risk management strategy.

Certainly. Any profits generated by using a bonus are still liable to market risks. Hence, in the case where the market goes against your trades, those profits and, at times, the bonus itself will be lost.

Many brokers remove the bonus if you withdraw part or all of your deposited funds before meeting the bonus conditions. Always check the bonus terms before making a withdrawal request.

That is not always the case. Different types of accounts, platforms, and instruments may have promotional limitations. A few examples of such could be a situation where a standard account is the only one where a bonus is applicable, and an ECN or professional account might not benefit from it.

Yes its safe to use forex bonuses for trading, if you are trading with a regulated forex broker and have a clear understanding of the bonus conditions. Still, it is better to be safe than sorry by agreeing to the terms, handling your risk in the right way, and not using the bonus solely as a means to meet the trading requirements.

It could be that certain brokers only allow bonuses for accounts which have higher spreads or different trading conditions. Because of this, it is very important to check the full cost of trading besides the amount of the bonus.

Indeed, beginners may benefit if they use the bonuses to learn and practice in a responsible manner. Nevertheless, it is advisable for beginners to pay more attention to risk management and education rather than looking for bonus related trading volume.

Forex bonuses are accepted globally, however, a small number of countries have placed regulatory restrictions on bonuses therefore these nations may only be able to offer limited options on bonuses. You should always make sure that your geographical location allows or restricts your usage of bonuses prior to opening an account.

Instead of only looking at the largest bonuses, it would benefit you more to also consider the realistic requirements for trading with the broker(s), the regulations they have in place, their withdrawal restrictions as well as their trading conditions. Many times a smaller, but more honest forex bonus will prove to be better than a much larger bonus with many restrictions placed on it.

Definitely not. The bonus should be the added benefit, not the main reason why one chooses a broker. The fact that you are trading on a dependable platform with good conditions and customer support is what really matters in the long run.