The topic which is going to be described in the article might be one of the most things in the forex trading traders concern. It is the best forex bonus. Same as spread, commission, trading cost, etc.; traders can earn more with bonuses which are included in the advertising strategies of brokers. In the article, I would like to focus on beginners who are lack of experience and knowledge in the complicated market called the forex trading. The reason is that new traders want to exercise and earn more money while their balance is still small, so they are really interested in bonuses. The following parts will show them the meaning and types of bonuses so that they can choose the best forex brokers BRKV as well as the most valuable bonuses.
WHAT DOES AN FX BROKER BONUS MEAN TO TRADERS?
We cannot do anything successfully if we do not understand what it is clearly. The forex trading is one of the most difficult businesses, it requires traders more effort and practice, and the bonus is one of the best practicing ways. Beginners can exercise to improve their skills and knowledge with the best forex bonuses in 2019 which are free of charge when they open an account for the first time. In contrast, traders can make some deposit as the initial capital with some other kinds of bonuses.
Perhaps, you often see promotional programs on TV with lots of valuable bonuses such as cash, gifts, or something else and participants can receive those directly. However, it is different in the forex trading when traders nearly cannot withdraw their bonus amount immediately. They are usually required to do trading lots until demanding brokers’ conditions in order to withdraw bonuses. This condition is not strange because the target of brokers is to attract customers and keep them trading with them through bonuses. As a result, traders must be aware of all predictable risks or troubles they might get then by reading terms and conditions carefully. Investigating brokers is also one of the essential steps they have to carry out to avoid troubles.
ANALYZING THE DIFFERENT CATEGORIES OF FOREX BROKERS BONUSES
Deposit bonus – Its name says all. Traders have to invest an initial amount as a deposit before being able to access your reward in the form of cash, credit or other promotional gifts as part of the deposit offer. And surely traders never can get the whole bonus amount, only a percentage of the initial investment. For example, 20%, 30% or 50% for every $100 has been added to the account according to brokers’ regulations, and traders will keep adding more and trading longer to promote their level as well as push their balance up.
Welcome bonus – This kind of bonus is opposite to deposit bonus. I have mentioned in the first part that welcome bonus is free, so all new traders would love it. It is amazing that one trader can open accounts with many different brokers without worries of losses. We can consider welcome bonus is the ideal opportunity for beginners to improve themselves.
In my opinion, the 4 best forex bonuses are:
– Best welcome bonus: 30$ welcome bonus of XM
– Best welcome bonus: 50$ welcome bonus of FBS
– Best deposit bonus: 100% deposit bonus of XM
– Bonus Exness reviews: Rebate 2 – 16$ per lot of Exness