Being the critical factors in a platform, forex bonuses have become the major things considered when traders select the best forex brokers in the world. An interesting thing is that most traders already know such fact; however, when it comes to answer specific questions like “How do you define a forex bonus?”, “How many types does it have?”, or “How can you look for a good one?”, they almost have no ideas. That’s why I write this article to help you get more details about forex bonuses.
How do you define a forex bonus?
In simple words, it is a regular promotion which brokers offer to new clients or to the existing ones. In order to get the bonuses, you need to register officially in the website and deposit in your account.
In my opinion, the 4 best forex bonuses are:
– 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
How many types does it have?
- Welcome bonus
It is similar to no-deposit bonus which is only offered to new clients. Thus, in case you are regular clients, such bonuses of course are not choices for you; however, you can still use deposit bonus which will be presented later. The feature of welcome bonus is its attraction to beginners through giving them chance to test the broker with a given amount of money from brokers rather than risking a lot.
- Deposit bonus
This type is closely connected to your deposits and available for all customers. You only need to make a deposit (an initial or a next one) to use it. Of course, you cannot apply for such a bonus unless you are registered on the website. Note that such bonus is measured in %. It means if you get a 30% deposit bonus and you’re about making a deposit of $100. When transferring, you will have $150 in your account.
- Lot-back bonus (Loyalty bonus)
It is the reward for your regular trade on a website. Usually, you will be offered with some special programs. Such bonus requires you to stay on the website for some time, and also, it requires your experience on the website as well.
How can you look for a good one?
There exist many ways to find the best bonus forex 2019. Different ways will have different advantages and disadvantages. With my experience of trading for a long time, I suppose a method taking less time and money is a good one.