Forex bonuses

Free signals – get free trading signals from the broker. Rebate – cash-back withdrawable bonus on each lot traded.

Top forex bonus list

Forex bonuses

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

The 10 best forex bonuses for traders in 2021

Find the best forex bonus with thousands of forex brokers active in the online trading space, the industry has become somewhat oversaturated in recent years. This has subsequently forced platforms to become more and more competitive – with the view of standing out from the crowd. At the forefront of this is the offering of forex bonuses.

In a nutshell, forex brokers will offer a sign-up bonus to those that are yet to open an account. This normally comes as a matched deposit bonus, meaning that your initial deposit will be boosted by a certain percentage. In other cases, you might be offered a no deposit bonus.

If you’re keen to find out what forex bonuses are, how they work, and what you need to do to claim one – be sure to read our guide on the 10 best forex bonuses for traders in 2021.

Table of content

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Buy over 800 stocks, cryptocurrencies, and etfs without paying any commissions

Trade thousands of cfds

Deposit funds with a debit/credit card, e-wallet, or bank account and paypal

Perfect for newbie traders

What is a forex bonus?

In its most basic form, a forex bonus is simply a promotion that brokers offer as a means to entice you to their platform. In most cases, the bonus will only be available to those of you that are yet to open an account with the platform in question. Although the bonus might cost the broker money in the short-run, it is hoped that you will remain at the platform long-term.

As such, forex bonuses are getting more and more generous in the online trading space. In terms of the fundamentals, forex bonuses normally come in one of two forms – a deposit bonus and a no deposit bonus. Regarding the former, this is where your first deposit will be matched by a certain percentage, up to a certain amount.

For example, the broker might offer new customers a 100% matched bonus up to £500. Once you proceed to make the deposit, the broker will then credit your account with the respective bonus amount. When it comes to a no deposit bonus, this operates just as the name suggests – you will get the bonus without needing to make a deposit.

As we will cover in more detail further down, forex bonuses will always come with a range of terms of conditions that you need to be made aware of before signing up. Crucially, you will be required to trade a certain amount before you can withdraw the bonus funds out for real-world cash.

What are the pros and cons of forex bonuses?

How does a forex bonus work?

So now that you know what a forex bonus is, let’s take a look at a couple of real-world examples of how a bonus might work in practice.

✔️ deposit bonus

A deposit bonus is the most popular bonus type offered by online forex brokers. As we briefly noted earlier, the broker will match your deposit by a certain percentage – and the bonus will have a maximum amount attached to it.

You claim a 100% matched deposit bonus with a forex broker

The forex broker permits a maximum bonus of £1,000, which is what you decide to deposit

Upon making your deposit, the broker then credits your account with an additional £1,000

Your starting balance is £2,000 – even though you only funded your account with £1,000

As soon as the bonus is credited – which is usually instant, you can begin trading straight away.

✔️ no deposit bonus

As the name suggests, a no deposit bonus awards you a bonus without requiring you to make a deposit. These bonuses are highly sought after – not least because the trader can obtain the bonus without risking any funds. With that said, no deposit bonuses are typically much smaller in comparison to a matched bonus.

You claim a £20 no deposit bonus with a new UK broker

You open an account and then verify your identity – which is required to prevent bonus abuse

Once your ID has been confirmed, the forex broker will then credit your account with the £20 no deposit bonus

You can then start trading with your bonus funds straightaway

Terms and conditions of a forex bonus

Although the above examples illustrate just how lucrative forex bonuses can be, it’s not simply a case of getting the bonus funds and then cashing out. On the contrary, you need to be made aware of a number of terms and conditions that brokers typically install.

�� minimum trade amount to withdraw

The biggest thing standing in the way of you being able to withdraw your forex bonus is that of the trade minimum. Let’s say that you deposit £500 and you receive a £250 bonus – taking your starting balance to £750. If you were able to withdraw that £750 straight out of the forex broker and into your bank account – this wouldn’t be a very good business model for the platform. On the contrary, the platform wants you to use the bonus funds to trade.

As such, your bonus funds are effectively frozen until you meet certain conditions. In the vast majority of cases, you will have parts of your bonus balance released as withdrawable cash when you meet a specified trade size. For example, the broker might release £1 from your bonus for every £10,000 that you trade.

You’ve got £250 in bonus funds

The broker will release £1 for every £10,000 traded

£10,000 x £250 = £2.5 million

As such, you would need to trade a total of £2.5 million to release the full £250 and thus – withdraw the bonus out in its entirety

On the one hand, a minimum trade amount of £2.5 million is nothing short of astronomical – especially when you consider that the bonus is only £250. With that said, you would stand a much better chance of meeting your bonus targets if you:

Are a day trader that places dozens of trades per day

Often apply leverage to your trades

Your trade sizes are typically large

�� time limit

If the above terms weren’t difficult enough, you also need to factor in the time limits that forex bonuses typically come with. This is yet another tactic employed by platforms to make the bonus cashout process even more challenging. In most cases, brokers will give you 30 days to use the bonus funds before they are revoked.

This means that any bonus funds left in your account after the expiry date will be removed. If the forex bonus comes with a time limit of fewer than 30 days, you should probably avoid it.

�� eligible pairs

In some cases, the forex bonus might stipulate restrictions on certain currency pairs. While majors and minors are normally fine to use your bonus funds on, exotic pairs might not be covered. As such, make sure you check the terms and conditions to ensure your preferred forex pair is permitted.

�� supported nationalities

Some forex brokers will only offer bonuses to certain nationalities. This is why you should always use the domain that matches your country of residence – as brokers typically have multiple websites for different regions.

�� minimum deposit

Most forex bonuses will come with a minimum deposit amount. Promotions usually only state the maximum bonus amount permitted, so you’ll need to dig through the terms and conditions to find it.

Best forex bonuses in 2021 – the ultimate list

So now that you are armed with the required knowledge to maximize your bonus hunting endeavours, we are now going to list our top 10 forex bonuses of 2021.

1. The moneta markets deposit bonus

Want to boost your deposit with 50% extra? When you fund your moneta markets trading account with $500 or more, we will give you a 50% bonus! Whether you are an existing moneta markets account holder or a new client, make a deposit then opt-in using the form below to claim your bonus today!

Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side

Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.

Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.

You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.

It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.

Is bonus with no deposit on forex a scam?

While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.

Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.

This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.

Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.

How free bonus is important?

Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?

However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.

So you already got it free bonus is important and joining with a regulated broker is better.

In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.

When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.

Terms and conditions for free forex bonuses

The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.

On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.

Discover more about the free bonuses

You have learned a lot already from here, but sometimes beginner asks some question us this like:

Is forex free bonus is a welcome bonus?

Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.

Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.

Does forex broker give no deposit bonus without verification?

Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.

Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.

But sometimes it happens that forex broker offers no deposit bonus without any verification.

Can I make money with a free bonus?

Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.

So you can make with free bonus and withdraw it after meeting the terms and conditions.

What is the best thing in a free bonus?

The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.

So you have to start with a free bonus wisely.

Conclusion

Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)

Forex bonuses

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Forex recent information

Forex featured brokers

Forex is the most popular currency exchange market. It becoming more popular day by day. Currently averaged $6.6 trillion currency traded per day from april 2019.

But, this industry is technical and more professional. So, to make it interesting and easy forex broker offers bonuses and contests for traders.

At forexnewbonus.Com we published all types of bonuses and contests. Here you will get all the latest forex news, bonuses, contests, broker comparison, guide, etc. Mostly forex no deposit bonus and forex deposit bonus.

What is forex no deposit bonus?

Forex broker offers no deposit bonus to start live trading free. This bonus is completely free, broker provides free credit to a live trading account.

You can trade currencies, cfds, stock, indices, metals, gold, silver, oil, commodity, and more. This is a very good opportunity to risk free trading.

What is forex deposit bonus?

Very interesting bonus from brokers. You will fund your account for trading and the broker will give you some free money to enjoy it. This bonus increase trading funds and leverage.

All deposit bonuses are tradable as the offer conditions. Sometimes broker offers deposit bonus include loyalty VIP bonus.

How to find the best forex bonus?

Finding the best bonuses is important for traders. You can visit on the web, read reviews and broker platforms. But this is difficult, so we made it easy for traders.

To finding the best bonus check our website regularly. We publish new and a lot of bonuses offered by brokers.

Forex bonuses

Any amount is given to the new client by the broker to encourage and attract towards trading for generating high volumes, and maximizing the broker’s revenue is a forex bonus. This bonus is given directly or indirectly either by giving free money or by making special discounts. In this article, we will increase your knowledge about the forex bonus. You will discover how it works, what is required to avail it, and what are the limitations you must after interacting with them?

How does it work?

Many people think they can avail forex bonus without depositing money. But it is not a truth. Forex bonus is like a buy one and gets one offer. You have to inject some amount to qualify for this bonus. And mostly this amount is not affordable for everyone. Rarely, you don’t have to pay any cash for a deal or promotion. Sometimes many brokers don’t offer free money, but it is only to advertise and attract customers through these promotions. Remind it you cannot withdraw the cash of bonus money.

Types of forex bonus

There are many types of forex bonuses. We want to clear one thing here that the forex bonus is not to privilege the customers. These deals are to increase the footfall of customers to the company. Most of these bonuses or discounts are for the corporate and professional account holders. Have a look at some of the most famous or common types of these bonuses.

Deposit forex bonus

When you make an initial deposit in your account to open it, some forex brokers provide you some additional money for trading that is called the initial deposit. You can withdraw after earning a profit.

Per capital forex bonus

Some brokers provide you a bonus based on the account worth. It is per capital bonus. For example, if you deposit a lump sum amount like $10,000, forex brokers give you $1000 for trading. But these are available to the high volume accounts.

Per trade bonus

Many traders rely only on this forex business. So they invest more money and make large revenue-generating trades. In this case, forex brokers provide a discount on some trading commissions. It means the brokers do not deduct a commission from every trade execution. To enjoy this bonus, you must meet the requirements of high revenue or profitable trading in a day or month.

Welcome bonus

Some brokers provide a welcome bonus just as you open your account. It has three subcategories.

When you make an initial deposit, you may receive some additional money to trade.

After an initial deposit, they might not provide cash but discounts on trades for some days or a month.

Some brokers offer a no deposit bonus to you for trading. When you open an account, some brokers provide an amount that you cannot withdraw but can trade. After utilizing it, it is your choice if you want to proceed with the broker or to close your account. In case if you lost the bonus money, the broker cannot ask you to return it. You also have another option to claim and withdraw the profit earned from this bonus or to invest it for serious trading in your account.

Limitations on forex bonus

When you avail of the forex bonus, it does not mean that you can enjoy other services along with them also. However, these limitations vary from broker to broker. Look at the restrictions while using the forex bonus.

When using or trading on a bonus, you cannot use every asset. It is the worst thing we found about the forex bonus.

Hedging is an essential and frequently used risk management strategy. But you cannot hedge while using a bonus.

Scalping is also not allowed during the usage of any bonus. Scalping is another risk controller.

You have to make a lot of trades while using per trade bonus. If you are unable to reach your goal, you can no longer use this bonus.

Expert advisors are also not allowed when you are trading with this cash. Even if you interact with a discount bonus, you cannot use an EA.

You cannot ask for more leverage or even average. The FX brokers claim that they have provided you extra money. So there is no need for a margin. We also do not suggest you enjoy high leverage. But every broker does not restrict for availing leverages. But most of them don’t allow this.

Our view on forex bonus

In our view, forex bonuses are tools for the advertisement of the brokers. Forex brokers enjoy more benefits than a trader who get this bonus. Some scammers also make frauds to the people by offering these promos are only a source to make money. Moreover, the limitations after these bonuses create more difficulties for an average and retail client. We advise you to use these bonuses very carefully.

For reading useful articles on forex trading, visit our website, forex-scams.Com

In case of any query, contact us. We will respond to you.

Something for nothing, or the best thing since sliced bread? The best forex bonuses.

We all like to receive something for nothing, and now you’re entering the world of forex trading there is something that is sure to catch your eye. Forex bonus offers will be coming at you left, right and centre, and you’ll soon find yourself confused about which way to turn. If you’re one of these people, or you’re simply looking for more information and trying to find the best forex bonus, we are about to help you, and you really don’t have to worry, because finding a top forex bonus isn’t as hard as it seems. Keep reading for our guide to choosing forex bonus brokers, and tips to help you decide whether they are an option you want to take advantage of.

A brief introduction to forex broker bonuses

We have to be honest here and tell you that forex bonuses aren’t the money-for-nothing offer they initially seem to be; but that being said, they are still an avenue worth exploring, whether you are new to forex trading, or a more experienced trader. Basically, a forex bonus is a promotion that is designed to attract new customers, or to keep existing clients interested in a service. A forex broker’s bonus is the same as many other promotions or special offers you may have seen offered by a number of other businesses and service providers, such as gambling sites, sports betting sites, and even on TV and in magazines. It often comes free of charge, but don’t be fooled into thinking there are no terms and conditions. We will always recommend that anyone considering taking advantage of a bonus spends some time carefully reading these terms and conditions, as these are often what trip people up. Each bonus offered will be unique and only apply to a certain broker, trading platform, or type of customer, and is in no way transferable. Bonuses can generally be classified into three different groups:

Welcome bonuses – these are quite possibly the most popular type of forex bonus, and are solely aimed at new customers. They can only be used once, and are not available for customers who have already registered and signed up with a particular forex broker. They include welcome bonuses, sign-up bonuses, and special offers for newcomers. In order to qualify for this type of bonus, you must be a new customer. In other words, you must never have registered, signed up, or traded with the site that is offering the bonus.

Regular bonuses – this type of bonus is designed with the existing customer in mind, and is designed to keep a client interested in trading with a forex broker they are already trading with. We think these are some of the best forex bonuses available, as they enable loyal customers to take advantage of certain privileges or extras that are not normally available to other traders. As with all types of bonus, they do come with certain terms and conditions, but these aren’t generally as onerous as those attached to welcome bonuses.

Third-party bonuses – there are a number of different types included in this group of forex bonuses, but they always involve a third party acting between the broker and the trader.

Now we’ve classified bonuses into three main groups, let’s look at some of the different bonuses available…

Different types of forex bonus available

Forex bonuses come in all shapes and sizes, and you’re sure to find the best forex bonus for you amongst them. We can’t possibly tell you which is the right one for you, though, as it is a very personal decision. We will, however, give you all the relevant details so that you can make an informed decision. We’ll also be bringing you news of the latest and the best forex bonuses as part of our forex broker reviews, so you can stay abreast of what is available. We can say in general that newcomers to the world of forex trading will get the most from welcome bonuses, while more experienced traders will benefit more from regular bonuses. You are likely to encounter one or more of the following forex bonus offers:

Welcome bonus – this could be a bonus that requires no deposit, or one that requires funds being added to an account. It is a once-only offer, and only new customers are eligible to apply. Spend some time looking at various online forex trading sites, and this is the type of offer that is possibly going to stand out the most. However, we should point out that not every forex broker feels the need to offer such a promotion.

No-deposit bonus – this is possibly second in line to the most popular bonus a trader will be looking to take advantage of. And again, it will be the one that features at the front of any online trading site. This particular forex broker bonus is once again aimed at new customers. As the name implies, no deposit is required in order to take advantage, but you usually have to be a new customer; which of course means you get to start trading straight away, before risking any of your own money. We should point out, however, that there are usually some very hefty terms and conditions attached to such an offer, and it is very unlikely you’ll be able to make a withdrawal until they have been met.

Deposit bonus – this requires a trader to make an investment from their own pocket before being able to access such a reward. If you see a mention of this type of bonus on an online broker’s website, it will usually be expressed as a percentage, rather than a monetary sum. Say, for example, the minimum deposit requirement for a certain type of trading account is $50, and the deposit bonus offer is 50%. After making your initial deposit of $50, your trading account will be topped up with an additional $25, which means you’ve got $75 in total to trade with.

Refer a friend – this is one of the most popular third-party forex bonuses available. The promotion takes the form of a reward, which could be a certain amount of trading money or a percentage amount. It requires a trader to refer a friend to the same broker. The reward isn’t given straight away, but is dependent on the friend opening a trading account and depositing some funds.

Loyalty bonuses – these vary immensely across the range of different brokers, and also depending on a client’s experience and trading history. They can take the form of trading cash bonuses, free trades, the services of a personal account manager, one-on-one training, and a whole host of other benefits.

Demo account – while not strictly a bonus, we like to include this as it gives new traders the opportunity to practise trading without risking any real money. Most online forex brokers offer this sort of account, and it is certainly something we always look out for when writing our forex broker reviews. The only downside to this type of bonus is that it will never make any profit; but on the other hand, it will never lose any of your money.

Forex contests – these are really a recent addition to the world of forex trading, but they are often available for traders with either real or demo accounts. There can be real cash prizes, or other prizes such as iphones, holidays, or even a car, and a host of other useful items.

There are also a number of other types of bonuses, such as the following:

Volume bonuses – these are offered to high-volume traders, often in the form of a cash-back.

Freebies – these could be free training courses, ebooks, webinars, and other educational material.

Rewards – these are different bonuses that are given as a reward for meeting certain requirements.

Rebates – these usually take the form of cash bonuses for trading.

Forecast bonuses – this type of bonus is awarded to a trader who makes the closest prediction.

Draw bonuses – prizes are given by holding a draw.

As you can now appreciate there are a number of different ways in which you can earn a top forex bonus. Some of them require traders to do something, while some require a deposit of funds into a trading account. There are other bonuses that have no specific requirements in order to receive the bonus, but there will be conditions attached if you want to make a withdrawal. You may be wondering how you can find all these interesting bonuses. Well, let’s give you some tips on how…

How to find the best forex bonus

There’s nothing to feel bashful about. Wanting to know about all the best deals and how you can find them in the future is only natural. This is one of the reasons we created this site: to keep all our visitors informed and up to date with all that is good in the world of forex trading, which includes lots of useful reviews, guides on different ways of trading, an introduction to the different types of forex broker, useful tools to use to your advantage, and all the latest forex bonus offers. So let’s see if we can help you with some useful tips, aside from reading what we’ve got to say:

Don’t just use your current trading platform for trading. Visit some of the other pages such as forex broker news and special promotions.

Type “best forex bonus” or “top forex bonus” into your favourite search engine and you’ll be directed to hundreds of forex bonus brokers. We would, however, only advise you to choose bonuses from reputable and reliable online forex trading providers.

Read a selection of forex broker reviews, and that includes those that we feature. There is usually a section of the review that covers bonuses, and you could well find something that suits you.

Sign up and participate in some of the many forex forums, as this is a great place to share other traders’ experiences. You’ll hear about some of the bonuses other traders have taken advantage of, as well as how they work and how to make the best use of them.

Ask fellow traders for their help, but we would only recommend that you take the advice of experienced traders.

We have to say that there is a lot to be said for taking advantage of the best forex bonuses, and every trader should seriously consider them. Whether you’re a novice or a more experienced trader, there are a lot of ways you can benefit from the gifts, promotions, special offers and bonuses offered by many forex brokers today. You should cleverly prepare your trading strategy before that. There is a downside, however, which it is only fair to inform you of before we finish…

The downside of forex bonus offers

If you spend any length of time reading about forex trading online, a subject that is regularly touched upon is problems with forex bonuses. There are plenty of traders who find the time to make comments about the terms and conditions nearly always attached to various bonuses. A common problem seems to be withdrawing the bonus funds, and the fact that more often than not it is impossible. Bonus funds can generally only be withdrawn after a certain volume of trades has been filled, which means that the only real advantage of a bonus is the increased leverage it brings. The trading volume is usually rather large, and there is often a time limit. So, if you aren’t planning to trade on a regular basis, and are really only dabbling in the forex market, you might be better off giving any kind of bonus a wide berth.

Our advice is to always carefully read the terms and conditions before signing up for a trading account and accepting the bonus, and never choose a forex broker based solely on the bonuses on offer. It is certainly one good reason to pick a forex broker, but there are a number of other factors to take into consideration.
That being said, there is still a place in the forex trading world for bonuses, and they are in no way a bad thing. Just remember that the forex world doesn’t have streets paved with gold, and you should never let your common sense fly out the window. Hone your skills, be a disciplined trader, and you’re sure to enjoy a level of success.

Here you can find our complete list of broker reviews:

Forex bonuses

How does it work?

Types of forex bonus

Deposit forex bonus

Per capital forex bonus

Per trade bonus

Welcome bonus

Some brokers provide a welcome bonus just as you open your account. It has three subcategories.

When you make an initial deposit, you may receive some additional money to trade.

After an initial deposit, they might not provide cash but discounts on trades for some days or a month.

Some brokers offer a no deposit bonus to you for trading. When you open an account, some brokers provide an amount that you cannot withdraw but can trade. After utilizing it, it is your choice if you want to proceed with the broker or to close your account. In case if you lost the bonus money, the broker cannot ask you to return it. You also have another option to claim and withdraw the profit earned from this bonus or to invest it for serious trading in your account.

Limitations on forex bonus

When using or trading on a bonus, you cannot use every asset. It is the worst thing we found about the forex bonus.

Hedging is an essential and frequently used risk management strategy. But you cannot hedge while using a bonus.

Scalping is also not allowed during the usage of any bonus. Scalping is another risk controller.

You have to make a lot of trades while using per trade bonus. If you are unable to reach your goal, you can no longer use this bonus.

Expert advisors are also not allowed when you are trading with this cash. Even if you interact with a discount bonus, you cannot use an EA.

You cannot ask for more leverage or even average. The FX brokers claim that they have provided you extra money. So there is no need for a margin. We also do not suggest you enjoy high leverage. But every broker does not restrict for availing leverages. But most of them don’t allow this.

Our view on forex bonus

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Forex bonus

The forex bonus was once seen as the go-to promotional tool of online forex/CFD brokers. From no deposit bonuses, to rebates or a deposit match bonus, a new trader had a number of choices to boost their trading capital. Nowadays however, it has been relegated to the fringes of the industry, due to mounting regulatory pressure.

According to the provisions of mifid II for instance, brokers are no longer allowed to offer any sort of bonus incentives to their clients. Most regulators the world-over have adopted similar stances in this regard.

Still, some brokers continue to offer promotions in certain jurisdictions. Thus the forex bonus has remained part and parcel of the online forex ecosystem. So where can traders still get a welcome offer, and equally – should they take it?

Forex bonus offers january 11 2021

What is a forex bonus?

We can best define bonuses in forex as monetary incentives offered to clients, with the goal of encouraging them to perform a certain action. This action can be registration, the achievement of certain trading volumes, or any other objective set by the broker.

Strict conditions apply to most forex bonuses. Brokers set such conditions according to their own needs and preferences.

Typically, brokers aim their bonus deals at traders who deposit less than $5,000. Some forex bonuses can encourage over trading, or trading beyond a trader’s means.

It is therefore imperative that traders should understand all the terms and conditions that apply to a bonus, before accepting it.

Different types of forex bonuses

Over the years, forex brokers have been very creative with their incentives. Scores of different types of forex bonuses were created, promoted and optimised.

Forex bonuses are as diverse as the creative minds of those cooking them up allow them to be. That said, they can mostly be put into one category or another, based on some key features.

Some brokers hand out their forex bonus without requiring traders to make a deposit. Others might call for a deposit, but offer very lax bonus redemption conditions. Still others dangle attractive bonuses, but torpedo the deal through the fine print, hoping that the targeted clients won’t read through that.

No deposit bonus

Because of their no-strings-attached nature, no deposit forex bonuses are some of the most popular promotional deals. Traders and would-be traders love them, because they do not assume any risk through these bonuses.

Brokers typically hand out such no deposit bonus deals with the goal of getting traders hooked on what they offer. The primary goal of every online forex broker is to “usher people in” and get them to start trading. No deposit bonuses are indeed very effective at meeting this objective.

Within their own little category, no deposit bonuses come in a few different variants. Some brokers effectively hand out free money. They do it in the hopes that traders hooked through this act will continue trading with real money and offset the cost.

Such brokers may view no deposit bonuses as effective, albeit rather steep, promotional expenses.

However, traders can never cash out most no deposit bonuses. Nor can they ever pocket any of the profits resulting from such bonuses. In such cases, the bonus deal is mostly a nominal one. Its sole purpose is to give traders a chance to take a risk-free “peek inside”.

They say that there are no free rides in life. This truth applies to no deposit bonuses, with scant exceptions. Always check the turnover requirements to see how realistic they are, and if profits can be withdrawn eventually.

Deposit bonus

Unlike a no deposit bonus, a deposit bonus requires the trader to transfer real money to his/her broker account. The broker then awards the bonus money in a manner proportional with the size of the deposit.

Given its mutually advantageous nature, the deposit bonus is usually a much more serious deal than a no-deposit one.

At face value, it is supposed to complement the ability of the trader to invest. Brokers who adhere to this approach might tie their deposit bonuses to certain conditions. But they do not aim to make it impossible for traders to withdraw these bonuses.

At the other end of the spectrum, brokers abuse such bonuses. By setting impossible-to-fulfill redemption requirements, they often tie up the trader’s actual deposit with the bonus money.

This is yet another reason why you should always choose your forex bonus from a trusted source. Strong regulation is often enough to ensure bonus deals are marketed correctly.

Welcome bonus

The peculiarity of this bonus type is that it is only available to newly registered clients. Beyond that, it can take any shape. It can be a no-deposit bonus, a deposit “match” bonus, or turn-over bonus, etc.

Welcome bonuses are typically only available once per household. If you have had an account with a broker for some time, you can forget about picking up a welcome bonus.

Turnover bonus

A turnover bonus directly rewards trading activity and volume. As such, it is one of the pet peeves of regulators everywhere. It directly encourages clients to trade more.

A typical turnover bonus format would be: trade X number of lots per calendar month, to receive Y amount of bonus money.

Since turnover bonuses require traders to “do the work” upfront, they are often transferred to trader’s accounts without any strings tying them.

Pending bonus

A pending bonus offers the trader a bonus once they meet a particular milestone. This might be trade volume or deposit totals etc. Again, the terms and conditions are crucial, particularly in the milestones must be met within a certain time frame.

Reload bonus

Unlike a welcome bonus, a reload forex bonus is aimed at existing clients of a brokerage. It is awarded to those who reload their account balances through subsequent deposits.

Reload bonuses have drawn the ire of the regulators because they directly encourage traders to deposit more money.

Reload bonuses are like a poor man’s first deposit bonus. Their sizes are usually smaller and their redemption requirements may be steeper. Often, they are nothing more than a downsized version of a deposit bonus.

Tradable bonus

A tradable bonus becomes part of one’s full tradable balance as soon as awarded. This type of bonus can be traded and lost.

Attached conditions may make it impossible for traders to withdraw profits incurred through the tradable bonus however. Since it is difficult to keep track of which profit came from which invested funds, it may not be simple for traders to know where they are with the bonus.

When working as intended though, forex tradable bonuses are among the best bonuses one can get.

Rebates

Forex brokerage clients pay the broker for the services it renders, through spreads and/or commissions.

Such expenses cut right into one’s profit margins. Some brokers offer rebates on commissions and spreads, provided the trader fulfills certain (usually trading volume-related) requirements.

While apparently fair and quite attractive, rebates encourage increased trading volumes too. As such, they present yet another problem from a regulatory perspective.

Forex gifts

Forex brokers reserve the right to give certain clients gifts. Such gifts range from various gadgets to event tickets and indeed: special bonuses. The broker has even more freedom to set the terms associated with such gifts than with regular bonuses.

It can award them as contest prizes, for trading volume achievements or as the result of random draws.

Forex freebies

Freebies other than actual forex bonuses can add a great deal of value to the services of a forex broker. This category covers a wide range of benefits, such as demo trading contests, live contests, raffle draws, and various prize-bonuses.

Education packages (webinars, video libraries, live seminars) are also in this category.
Serious and well established brokerages offer free VPS services to clients they deem worthy. Usually, trading volumes are instrumental in determining who gains access to such a service.

In some cases, intricate, multi-tiered VPS services are offered, mostly from third-party providers.

Brokers also make use of third party signal services, to offer their traders yet another non-monetary incentive.

Obviously, the best services in every category go to those who log trading volumes that the broker deems significant.

Refer-a-friend bonuses reward existing traders who convince their friends to join the broker. The deals are set up to be beneficial for all parties concerned, though – as any other bonus deal – they do leave some room for abuse.

How to find the best forex bonuses

Finding the best forex bonus is a matter of common sense and some research.

Start by locating a serious and trusted source for bonus information and comparison.

This can be more challenging than simply running a search for “best forex bonus”, “forex bonus deals” or some other related keyword.

You need independent forex bonus comparison and appraisal. Reviews from most dedicated forex portals are unreliable.

Your best bet is a page like this one, coupled with feedback left by actual traders. Never underestimate the power of the community when it comes to shedding light on the finer details of various forex bonus deals.

Typical forex bonus conditions

After everything has been said and done, take time to read into the fine print. Here’s what the terms attached to a typical forex bonus look like:

– your first step is to register an account. Fill out the forms and complete the confirmation procedure.

– make sure you opt for the account type that supports the bonus that you want.

– some brokers issue bonuses automatically. Most of the time however, you will have to request it manually.

– you request your $100 welcome bonus (for example), on an MT4 classic account. You are aware that you will have to generate a turnover of $10,000,000 to withdraw it.

– understanding turnover. While $10 million may seem like a very steep requirement for a $100 bonus, it is in fact quite reasonable. Both the opening and closing of your position counts towards the turnover.

If you buy 1 lot of EUR/USD at X price and sell it at Y price, your turnover will be (100,000*x)+(1,000,000*y). That will make more than $200,000 on that position alone.
Tossing leverage into the equation, that $10 million does not seem a distant objective at all. Profits and losses do not count towards turnover in any way.

– make sure you understand the validity of your bonus. It may be valid for an undetermined amount of time, or the broker may decide to impose a limit (a few months, a year) in this regard.

– have your bonus added to your regular balance and withdraw it.

Regulators and forex bonuses

Beginning with july 30, 2018, the european securities and markets authority (ESMA) has banned all forms of forex bonuses and gratuities. Brokers regulated under different jurisdictions may still offer such deals.

Thus, mifid II was born, ushering in a host of strict regulatory requirements aimed at reining in rogue FX operators.

Forex bonuses were not the only variable addressed. ESMA also banned binary options, limited leverage and made the displaying of risk warnings mandatory on all FX websites.

By banning forex gratuities in particular, ESMA aimed to prevent new traders from being suckered into trading. By eliminating this ruthlessly efficient promotion tool from the arsenal of FX operators, the regulator has indeed succeeded in making potential beginners think twice about coughing up their money.

Conclusion

Forex bonuses and gratuities are illegal in EU-regulated jurisdictions. The US markets are mostly off-limits to brokers, so there is not much going on bonus-wise there either.

Keep that in mind when looking for a lucrative FX bonus. The broker that can give you what you’re looking for is likely an offshore operator, with a shoddy regulatory background.

Something for nothing, or the best thing since sliced bread? The best forex bonuses.

A brief introduction to forex broker bonuses

Welcome bonuses – these are quite possibly the most popular type of forex bonus, and are solely aimed at new customers. They can only be used once, and are not available for customers who have already registered and signed up with a particular forex broker. They include welcome bonuses, sign-up bonuses, and special offers for newcomers. In order to qualify for this type of bonus, you must be a new customer. In other words, you must never have registered, signed up, or traded with the site that is offering the bonus.

Regular bonuses – this type of bonus is designed with the existing customer in mind, and is designed to keep a client interested in trading with a forex broker they are already trading with. We think these are some of the best forex bonuses available, as they enable loyal customers to take advantage of certain privileges or extras that are not normally available to other traders. As with all types of bonus, they do come with certain terms and conditions, but these aren’t generally as onerous as those attached to welcome bonuses.

Third-party bonuses – there are a number of different types included in this group of forex bonuses, but they always involve a third party acting between the broker and the trader.

Now we’ve classified bonuses into three main groups, let’s look at some of the different bonuses available…

Different types of forex bonus available

Welcome bonus – this could be a bonus that requires no deposit, or one that requires funds being added to an account. It is a once-only offer, and only new customers are eligible to apply. Spend some time looking at various online forex trading sites, and this is the type of offer that is possibly going to stand out the most. However, we should point out that not every forex broker feels the need to offer such a promotion.

No-deposit bonus – this is possibly second in line to the most popular bonus a trader will be looking to take advantage of. And again, it will be the one that features at the front of any online trading site. This particular forex broker bonus is once again aimed at new customers. As the name implies, no deposit is required in order to take advantage, but you usually have to be a new customer; which of course means you get to start trading straight away, before risking any of your own money. We should point out, however, that there are usually some very hefty terms and conditions attached to such an offer, and it is very unlikely you’ll be able to make a withdrawal until they have been met.

Deposit bonus – this requires a trader to make an investment from their own pocket before being able to access such a reward. If you see a mention of this type of bonus on an online broker’s website, it will usually be expressed as a percentage, rather than a monetary sum. Say, for example, the minimum deposit requirement for a certain type of trading account is $50, and the deposit bonus offer is 50%. After making your initial deposit of $50, your trading account will be topped up with an additional $25, which means you’ve got $75 in total to trade with.

Refer a friend – this is one of the most popular third-party forex bonuses available. The promotion takes the form of a reward, which could be a certain amount of trading money or a percentage amount. It requires a trader to refer a friend to the same broker. The reward isn’t given straight away, but is dependent on the friend opening a trading account and depositing some funds.

Loyalty bonuses – these vary immensely across the range of different brokers, and also depending on a client’s experience and trading history. They can take the form of trading cash bonuses, free trades, the services of a personal account manager, one-on-one training, and a whole host of other benefits.

Demo account – while not strictly a bonus, we like to include this as it gives new traders the opportunity to practise trading without risking any real money. Most online forex brokers offer this sort of account, and it is certainly something we always look out for when writing our forex broker reviews. The only downside to this type of bonus is that it will never make any profit; but on the other hand, it will never lose any of your money.

Forex contests – these are really a recent addition to the world of forex trading, but they are often available for traders with either real or demo accounts. There can be real cash prizes, or other prizes such as iphones, holidays, or even a car, and a host of other useful items.

There are also a number of other types of bonuses, such as the following:

Volume bonuses – these are offered to high-volume traders, often in the form of a cash-back.

Freebies – these could be free training courses, ebooks, webinars, and other educational material.

Rewards – these are different bonuses that are given as a reward for meeting certain requirements.

Rebates – these usually take the form of cash bonuses for trading.

Forecast bonuses – this type of bonus is awarded to a trader who makes the closest prediction.

Draw bonuses – prizes are given by holding a draw.

How to find the best forex bonus

Don’t just use your current trading platform for trading. Visit some of the other pages such as forex broker news and special promotions.

Type “best forex bonus” or “top forex bonus” into your favourite search engine and you’ll be directed to hundreds of forex bonus brokers. We would, however, only advise you to choose bonuses from reputable and reliable online forex trading providers.

Read a selection of forex broker reviews, and that includes those that we feature. There is usually a section of the review that covers bonuses, and you could well find something that suits you.

Sign up and participate in some of the many forex forums, as this is a great place to share other traders’ experiences. You’ll hear about some of the bonuses other traders have taken advantage of, as well as how they work and how to make the best use of them.

Ask fellow traders for their help, but we would only recommend that you take the advice of experienced traders.

The downside of forex bonus offers

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