As a trader, you want to choose the best forex bonuses that has the power to increase your account balance with minimal danger. Firstly, it is important to know about all the benefits and risks you will encounter with Forex bounties. You might think that a Forex profit on deposits is an easy concept to take in, but in fact, it is not as simple as it appears. I’m here to help you to understand the basic parts of a Forex bonus and present to you the exclusive Forex bonus guide in order to choose the top Forex brokers bonuses.
THE MEANING OF AN FX BROKER BONUS TO TRADESMAN?
Either you are a novice or an experienced trader in the trading Forex, you should be aware of some of the crucial characteristics of Forex bounties. Therefore, you would gain more knowledge about various types of Forex gifts in the market.
To begin with, a Forex broker’s bonus is usually mentioned as a promotion, a gift or a program that the broker gives out to their clients. The Forex reward is one of the most important factors that determine whether to choose a broker to work with or not. These bonuses are given with no obligations for you like paying or doing anything specific. However, you still need to follow some rules of the broker. It is recommended that all customers should read these conditions carefully in order not to get into any trouble when using or redeeming the Forex bounty for dealing in the market. These bounties in a particular dealing platform or an intermediary are only applied to the clients of that platform. That means you can’t use your profit anywhere you want in the market. Furthermore, brokers have the right to make their own reward conditions and may set as many programs as they want, and may as well cut off the use of rewards depending on the dealing account. What is the aim of brokers when giving such bonuses to their customers? It is to attract more clients or to hold regular tradesman from leaving their website. We can understand that Forex prizes are key strategies that FX trading companies use to encourage traders to remain with them.
From my experience, here are 4 best forex bonuses:
– Best welcome bonus: 30$ welcome bonus of XM
– Best welcome bonus: 50$ welcome bonus of FBS
– Best deposit bonus: 100% deposit bonus of XM
– Exness bonus: Rebate 2 – 16$ per lot of Exness
ANALYZING SOME CATEGORIES OF FOREX REWARDS
Deposit profit – A deposit profit is a profit that demands you to do at least one investment before being qualified to apply for it. The standard deposit reward is normally given as % of the first deposit money. Meanwhile, promotional items are granted based on the proportion of the first deposit. To help you figure out what it is, I will give you an example of this problem. Assuming the minimum deposit funds needed for a Forex dealing broker is at $100, and there is a 50% deposit reward on every deposit you do. Hence, each time you deposit $100 in your account, your balance has $50 more thanks to the trading reward, as well as the $100 you have made. While giving out the Forex bounties, a brokerage may limit the available prize to the beginning deposit. Most Forex rewards have specific trading restraint for customers that pick up a deposit reward. Thus, remember to make a decision carefully about the profit before getting them.
Welcome reward – For this type of bonus, the aim of the best forex brokers 2019 is to attract more tradesman to join the broker’s site. We can think that a greeting reward is basically a strategy to encourage trader of brokerages. This profit can either be a no deposit profit or a normal deposit profit, it can merely be offered one time though. The welcome bounty differs from a common deposit bounty since it relates just to the earliest deposit and might be included in other programs.