The best no deposit bonuses are no longer strange with traders with a little experience, but there are still many questions as well as hesitation for new traders to find the best welcome bonus for the first time. The welcome bonus is valuable, yet it is just one first step before traders step further into the currency trading world. Understand worries from the novice, this article is to give traders with brief information about forex bonus types, the differences, and how to earn them in the long-term.
Not everyone can easily find a best forex bonus between millions of lucrative offers that can be from trusted brokers or not. Everyone understands that if you find a best forex bonus and it can fit into a big profit and development or it can be said to be fresh about your business journey. It can be said that the forex bonus is a lucrative bait that not only attracts new customers but also a way to retain familiar customers, creating a premise for more transactions to occur. Since then, forex broker is better known and thriving is of course.
How many types of Forex Bonuses?
Before identifying a broker to trade, I firmly believe that you have looked at all the special offers and the different promotions offered by different brokers. No need to explain more about a bonus forex. However, the bonus is not without binding, or everyone can use it all. As I know each broker issues a certain policy for registered accounts on the website. Normally, you will get the bonus amount when you register for the first time, others will require you to deposit in your account to get the bonus. So how many types and what are the differences between them?
No Deposit Bonus
This type of bonus is to ‘welcome’ or attract new customers, fresh traders and the experienced who has already had accounts with other brokers. The condition is simple, register, verify, and open an account; then traders can find the tip in your new account budget. The value of no deposit bonus ranges from 10 to 50 dollars. Normally this bonus cannot be withdrawn to prevent cheaters, and this amount of money is small yet more than enough for anyone to test brokers’ condition with Mini and Cent account.
- Best welcome bonus – FBS – $50 welcome bonus
- Best welcome bonus – XM – $30 welcome bonus
A note about this type of bonus forex is that the bonus amount is entirely dependent on the broker’s policy and not all brokers are the same.
Deposit bonuses are open for regular clients, but sometimes can be used as a welcome bonus. If traders find such deposit welcome bonus with easily withdraw condition, be careful, it might be a scam brokers.
Deposit bonus based on rate, from 20 to even 100 percent, depending on each broker. For example, traders deposit $500 then received a total of $600 or $1000 in return. Thus, the purpose of this offer is to make clients more loyal to brokers, and also to revive ‘sleeping’ accounts after no-activating for a while. Brokers have different rules to rank users, which can be found in the FAQ or Rules section. Then, a private message would be sent to regular clients about the time and rate of this seasonal bonus. The tight setting allows most brokers let traders withdraw, there is still some keep the bonus for your next turn of trading.
- Best deposit bonus – XM – 100% deposit bonus
Lot back Bonus
Perhaps, a lot of people feel new and strange with the name of this type of bonus, but for traders long-term or profession traders. They were too understanding as well as hunted this type of bonus because it was an opportunity for them. Because this is a bonus in special programs for loyal customers. Conditions to get the bonus that you have to have a long enough time to stay with that broker.
This loyalty program was born for the experts, who keep their eyes on the computer screen and trade with high speed and flexible strategy. All brokers charge traders on transaction fee, but this loyal bonus, after each complete trading lot, give you a rebate, so reduce the transaction cost. The rebate could be up to 10 or 15 dollars. For that reason, only loyal accounts could access the information of this bonus type. Time and trading history with a great effort are the main components to separate your profile from ordinary regular customers, and there is no way for cheaters to touch this offer.
- Best lot back bonus – Exness – the Rebate 2 of $16 per trading lot
In a nutshell
Three types of bonus can benefit traders, and also can be dangerous if traders let those bonus control them. Each bonus has its right purpose, so go step by step could help you advance further in the future. Don’t be too hasty to be ranked as regular or even loyal accounts, focus as an honest forex trader and you would receive what you deserve. Up above, we recommend the best no deposit bonuses from the trustworthy names for your consideration. The last one of Exness, if you have a long time familiar with Exness, be loyal and check lot back bonus.
Synthesized by top4forexbrokers.net