Bonuses and promotions may not be available in all jurisdictions; however, when they are, they can offer excellent incentives to a trader who looks for its first broker or perhaps for a new broker. Choosing forex brokers with bonus and promotions will help traders increase their trading capital without accumulating unwanted risks. These kinds of offerings provide you with a significant leverage amount and enjoy additional profits.
Read through this article as you explore some of the forex brokers to take advantage of these incentives.
In This Guide
ASIC, CBI, BVI, FSCA, IIROC, FFAJ, JFSA, ADGM FRSA
up to 40% bonus
$10 000 demo
FCA, ASIC, CIMA, SIBL
up to 50% bonus
VFSC, FSC, IBFC
FCA, IIROC, JFSA, NFA, CIMA, FSA, ASIC, CFTC
up to $5000 bonus
FBS is a well-known forex broker who has some of the industry’s top bonus and promotions opportunities. Besides its global reputation of being a much respected broker, they also provide many bonuses on offers. You can get several prizes from holidays and even new cars. You also have the opportunity to double your deposit with FBS’ 100% deposit bonus. Additional promotions that they offer include the no deposit bonus without risking your funds and cashback opportunities if you can meet certain conditions.
As the company grows and attracts more traders, FBS promotions offerings expand with several challenges and contests where clients can win VIP event invites, cash, or even trips. And since almost all things are done online, they also run competitions through social media, where all traders will do is share posts with colleagues and friends. If this does not excite traders, then we do not know what does.
If you think that the offering from the first-mentioned forex broker is not for you, then XM might just be your option. This is another leading international broker and even one of the more recognizable providers in the industry. The broker also offers an excellent range of bonus and promotions, including a $30 no deposit bonus that traders can use for an entirely risk-free, actual money trading. You can also experience a deposit bonus of up to $4500. This means that a broker will match the trader’s deposit with free money up to its high value.
If these promotions do not excite you as a trader, XM holds a lucky draw that involves a total amount of $1,000,000. Suppose you are a regular trader with XM; you can avail of its loyalty program to redeem points through your trading activities.
Roboforex reaches the list of forex brokers offering great promotions. Its impressive promotion infrastructure begins with a deposit bonus that can either be60% or 10% or as huge as 120%. This will, however, depend on how much the trader is willing to deposit. And if this offer does not appeal to anyone, they give a $30 welcome bonus to traders who will be signing and depositing with them. Clients can use this bonus for entirely risk-free trading on any market of the trader’s choice.
Cash rebates for regular traders can go up as 15%, and clients can also enter monthly contests where real prizes await.
HotForex is considered to be one of the cornerstones in the forex trading industry. The broker is even consistently featured as a leading provider in several listings. Besides giving reputable services to its clients, they also provide a vital infrastructure for bonuses and promotions. However, some traders in certain parts of the globe may not be able to enjoy its incentives.
Regardless, HotForex offers a unique and robust set of incentives. This includes the 100% credit bonus, which doubles the trader’s deposit with entirely free bonus funds. There is a 30% rescue bonus which protects funds for up to $7000. One of HotForex’s offerings is the 100% Supercharged bonus, which offers many cash rebates reaching up to $8,000. This is on top of the 100% deposit bonus.
This is also one of the forex brokers which offers a good set of promotions to its traders. You can take advantage of the 50% deposit incentive, which you can trade risk-free with bonus cash from the broker based on the amount of money you deposit. If you have been a long-time trader using VantageFX, get their loyalty program. You can have 10% rebates on trades for up to $2 per lot you traded, given that you deposit at least $1000. It does not limit you on the trade size, and the higher the lost size involved, the higher the incentive will be.
It is vital to assess those regulated brokers before you can use forex brokers with bonuses and promotions. This way, you can be assured that you are negotiating with a broker bound by legal terms and conditions. After all, it’s your money and investment that are involved here. Then you can check out bonuses offered by your chosen broker.
Bonuses also serve as incentives implemented by companies to attract new clients. This type of marketing applies not only in the forex trading industry but also in other businesses. Besides this, it also creates value for you as a trader.
There are several conditions you need to look into to ensure safe and secure trading. This also applies when you sign up for bonuses with your broker. Remember to inspect these factors, including the terms and conditions carefully, the kinds of bonus offers, withdrawal policies, supported instruments, trade frequency, and duration, among others.
The bonuses you will get from your broker sent to your account are free money. You can even withdraw the money; however, withdrawal conditions will vary in specific trading criteria that traders need to meet.
Besides the terms and conditions that you need to inspect, you also have to consider the bonus amounts, spreads, and minimum deposits, to name a few.
Forex bonus sounds excellent to a trader’s ears; however, you need to remember that you also have the right to turn down such offers, especially when negotiating with a non-regulated broker or implementing severe restrictions concerning your trading capital.