WHAT TRADERS BENEFIT FROM BEST FOREX BONUSES
In this article, you are supposed to read about the most popular bonuses programs and the situation behind. I’ll share you with the reasons why the best forex brokers offer bonuses along the time you trade with them and how possible to withdraw the money.
You are doing scalpers, or you have the intention to invest in a long run, bonuses follow you from scratch and until you reach a specific experience. There are three main categories of bonuses I would like you to know: welcome bonuses, deposit bonuses, and Lot back bonuses.
When you start trading with a broker, you have to open an account first. Some brokers give you $30 to $50 free in your account so you can start trading with that, no investment required. It’s called welcome bonuses. At first place, brokers introduce welcome bonuses to attract more customers to come and open a position with them. Amount of $50 is just enough for a trial transaction and experience real forex trading without loss. However, forex cheaters find welcome bonuses for a great invitation.
Welcome bonuses are launched mostly in new brokers who desire to gain more clients. Besides, some big brokers offer this types of bonus, too. In my opinion, you had better choose a reliable and large broker with welcome bonuses to try. It’s for your security and trading with a big corporation can give you more experience.
After register for a certain of time, brokers will motivate you by deposit bonuses. The money will be added straightly to your account and encourage you to move on with trading. Usually, those bonuses are applied to former traders but no longer active. How much money they offer you depends on how much you deposited at the beginning. Moreover, at a different time, they can give you 10%, 30% or even 100% of your deposit. There’s the only way to spend the bonus which is trading. However, you almost cannot withdraw it for yourself.
Tìm sàn forex tốt nhất cho người mới ngay.
For long-term investors, brokers launch the lot back bonuses. It’s nearly a discount transaction fee for serious traders. Here is how it works. Imaging that spread of EUR/USD is 1.4 pip and broker offer you $3 of lot back bonus, when you finish a transaction (or a lot), instead of paying first spread ($14), you just pay $11. Professional traders most favorite this type of bonus as they can minimize transaction cost.
For those types of bonuses, some reliable brokers are offering the best programs that you might choose over others:
• Best welcome bonus: 30$ welcome bonus of XM >> Check detail here.
• Best welcome bonus: 50$ welcome bonus of FBS >> Check detail here.
• Best deposit bonus: 100% deposit bonus of XM >> Check detail here.
• Lot Back Bonuses: Rebate 2 - 16$ per lot of Exness >> Check detail here.
Q&A:
1. What do you fail to think of bonuses?
It’s easy to get bonuses but challenging to withdraw it. There are some disadvantages that you might find out about your bonuses, and I’m sharing with you now:
Welcome bonuses: It is not money for you to withdraw. If you want to have that money, you are supposed to overcome challenges. One of the strictest terms to withdraw welcome bonuses is that brokers require you to win some lots. However, you may lose more than $50 if you trade such many times. Besides, you should think of prestige of brokers, most of the brokers with welcome bonuses are new to the market, so they are not secure enough for you to invest much of your money.
Deposit bonuses: the withdrawal terms are tight, too. In many cases, if traders try to withdraw it, the bonuses disappear for no reasons.
Lot back bonuses: because you are given it when you have invested for a long time. The only benefit you find about it is lower transaction cost. Otherwise, it’s impossible to withdraw or spend.
2. Anyways to withdraw bonuses?
Almost impossible to deposit bonuses and lot back bonuses, (however, you can trade and enjoy the profit) but forex cheaters can withdraw welcome bonuses by some tricks.
If brokers ask to win some lots to withdraw welcome bonuses, they can open many accounts at the same time and start trading altogether. Finally, only one of them win all the others so they can withdraw the money.
Alternatively, they could register plenty of small accounts, and welcome bonuses are accepted and open a prominent position to hedge them. Taking advantages of high leverage, they can win the welcome bonuses of the other accounts. Those cheaters would prefer top leverage brokers.
3. Should traders choose good bonuses brokers?
For bounty hunters, good bonuses are undeniable invitations. However, if you are serious investors, the first to look at is brokers’ credibility. We can evaluate the credibility of brokers by how big they are. You can find more names on the list of largest brokers here.
Even low spread cannot tell much about brokers, even it are in the center of concern at the moment (find the list of low spread brokers here) and with extended terms, investors, searching for low swap brokers is better. Find the list of most reliable brokers here.
Read more : SEVEN FACTS TO CHOOSE PERFECT FOREX BROKERS FOR BEGINNERS
