Brokers with a deposit bonus
On this page you will find information about brokers with a deposit bonus. What are Forex deposit bonuses? What are the advantages and disadvantages of brokers with a deposit bonus? How do I get a deposit bonus?
Forex deposit bonuses come in different shapes and sizes. Some brokers with a deposit bonus offer large deposit bonuses to attract new customers. Although professional traders avoid Forex bonuses, they can help novice traders in creating a good starting capital to start trading.
What are the deposit bonuses?
Forex deposit bonuses start from 5% to 100% of the initial deposit. There are also brokers with a deposit bonus of up to 200% or even more, but most major brokers limit the bonus amount to a maximum of 100%. Bonuses usually depend on the amount of the deposit and the type of account. Some Forex brokers also offer a free no deposit bonus, which allows traders to start trading without making an initial deposit and can be a great alternative to demo accounts.
What are the advantages of Forex trading with a deposit bonus?
A higher starting capital allows traders to hold more positions and open larger lots compared to their initial deposit amount. You will also be able to use high leverage, which will help you get more profit. However, be aware of the risks associated with high leverage.
Are there any disadvantages to brokers with a deposit bonus?
Forex bonuses have several disadvantages that limit the freedom of traders in relation to the invested capital. Almost all Forex brokers require traders to agree to several conditions before they qualify for a bonus. All deposit bonuses are added as a credit to the trading account, which usually cannot be withdrawn. To withdraw the bonus amount, you need to make a trade turnover for the number of lots specified in the terms and conditions. Usually, the profit received with the use of bonus funds is withdrawn without any problems. However, some offshore brokers use deposit bonuses as a ploy to deny the payment of money from the bank.to all customers. Therefore, always read the bonus terms and conditions and choose regulated brokers.
How do I get a deposit bonus?
- Open an account with a Forex broker.
- Complete the account verification.
- Top up your deposit with the amount specified in the terms and conditions.
In which countries are there restrictions on Forex bonuses?
Bonus offers may vary depending on the country's legislation or regulatory authority. If you trade in the European Economic Area (EEA), you will not be able to get many of the Forex bonuses. This is due to the fact that in 2018, the European Securities Market Supervisory Authority (ESMA) introduced MiFID II (Financial Instrument Markets Directive), which imposed a complete ban on all Forex brokers offering additional incentives when opening an account.
Thus, brokers licensed by CySEC (Cyprus) and FCA (UK), which are considered among the safest, can not provide Forex bonuses. Instead, they often offer honest schemes to attract friends, as well as low trading commissions.
How to avoid fraud with Forex Deposit Bonuses?
Unfortunately, in the world of online Forex trading, there are many unreliable brokers offering fraudulent bonuses and promotions. Fortunately, our experts have identified the key signs that a broker is trying to offer you a bad deal.
Unregulated brokers that offer extremely large Forex bonuses with uncertain terms, this is a reason to think about whether you need such a broker. Forex brokers with a deposit bonus that operate illegally also promise you unrealistic excess profits, starting with your initial deposit. A reliable broker will point out that although the possibility of making a profit is possible, there is no guarantee of successful trading.
To stay safe when receiving a Forex deposit bonus, always use our list of recommended brokers. Our rating rewards brokers with points for valuable bonuses, as well as for offering other useful features for successful trading.
|The amount of the bonus||60%||101%||25%||100%||100%|
|Maximum Bonus||10 000$||5000$||5000$||5000$||Unlimited|
|Participation in the drawdown||+||+||+||—||—|
|Bonus withdrawal conditions||Number of lots = Bonus amount / 2||Current funds – Funds before the bonus is credited – All deposits – Bonus||The bonus cannot be withdrawn||$ 10 per lot (up to 500 lots)||The bonus cannot be withdrawn|
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