In order to attract traders, especially beginners, the best forex brokers BRKV will do promotions with bonuses which are very impressive and valuable. As my survey, almost new traders are persons who pay attention to bonuses, unlike forex experts whose account balance is much bigger than bonuses. As a result, beginners are required to comprehend what the meaning of forex bonus is and types of bonus so that they can choose the best bonus offered.
HOW TO UNDERSTAND ABOUT AN FOREX BROKER BONUS?
Honestly, the forex bonus is not difficult to understand because it is somehow like promotions provided in game shows, TV programs, or rewards of companies. However, the bonus in the forex trading requires traders more careful and detailed to avoid troubles. Even though bonuses are free of charges, they have own features which are not similar to other fields’ strategies. Typically, brokers offer their customers bonuses if they open forex accounts or do a deposit as the initial investment. The commitment for traders is using services of hosts if they want to withdraw their bonuses. Sometimes, they have to add more money to their accounts because their bonuses are run out. It is understandable since almost participants are new members with very less experience in the complicated market – the forex trading. Obviously, the goal of brokers is to attract customers to start or keep using their services, which is the reason why traders are warned to learn about brokers who they want to trade with to get bonuses.
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
CATEGORIES OF FOREX BROKERS BONUSES
As I have introduced at the begging of the article, it is essential for traders to keep in their mind types of forex bonuses. Actually, there are some, but two types provided by almost brokers are popular on the whole. They are welcome bonus and deposit bonus.
Welcome bonus – It doesn’t need to say lots of words about this kind of bonus because “welcome” can show its meaning. Nobody wants to pay for something called “welcome”, and welcome bonus is free. Traders can get special offers from brokers when opening an account for the first time.
Deposit bonus – This account takes beginners more time to learn because they need to start with a deposit amount according to brokers’ standards. The deposit bonus is usually shown as a percentage of the initial deposit amount, while promotional items are often provided according to the size of the initial deposit. For example, some brokers offer 30% for each $100 trading capital. It means that with every $100 added, traders’ account will be credited $30.
In conclusion, it is usually said “no free lunch”, it is a challenge for traders to get the best forex bonuses in 2019 from brokers. However, this is one of the best ways to practice, you might get nothing, but you lose nothing too if you know when you should stop. It is wise for traders not to go on adding more money to trade after their bonuses over. One more thing to remember is choosing reliable brokers with the best bonuses.