Here’s why it’s good: the more you deposit, the more additional funds you receive as the “trading credit”. XM Group offers a 100% deposit bonus of up to $5000.

For beginner traders, this is a great opportunity to try out different trading strategies with bonus money. This type of bonus can be highly beneficial for all traders, but especially experienced ones. Depending on the broker and bonus conditions, up to 100% can be added to the client’s initial deposit. This bonus requires you to make a deposit. The profit you make with the bonus funds can be withdrawn. This means you cannot withdraw the funds instantly, but they are available for trading and/or investing (if the broker offers social trading services). You will receive a certain amount to your trading account or a bonus account as the so-called “trading credit”.

Forex no-deposit bonusĪs the name suggests, this type of bonus does not require any investments. The most common types are no-deposit bonuses, deposit bonuses, and welcome bonuses. There is no official list of Forex bonus types, but generally, many brokers offer similar (although not identical) bonuses. For traders, this means that brokers regulated by CySEC (EU) and ASIC (Australia) do not offer any promotions or bonuses. The rules are especially strict in the EU and Australia. Unfortunately, some regulators take an issue with companies providing special offers to clients. Plus, a competent trader may occasionally like to try out new trading strategies, and bonus funds are perfect for that. With bonus funds, it’s easy to diversify or start trading with a few brokers at once.

Thus, it is better to learn to navigate new services with the broker’s funds, not your own. Pros and experienced traders already know their way around Forex but might still be new to the specific broker or the broker’s software. Newbie traders will benefit from trying their hand at trading in the real-life market with the opportunity to make profits, more room for mistakes, and less risk due to the lack of market experience. Traders of any skill level will find Forex bonuses rewarding. In this article, we would like to help you distinguish between bonus programs brokers offer so that you can choose the best one for your needs. All brokers listed on our website have passed the scrutinous review of the team of market experts. No matter your skills or goals, the team of TopForex.Trade is here to inform you and help you choose the right broker with the perfect bonus to suit you. There are many variations of such bonuses, but one thing is sure: you will benefit from using one! How to get a Forex bonus and benefit from it?Ī Forex bonus is a special program a broker may offer to attract new clients or reward already existing ones.

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