Forex Welcome Deposit Bonus is an excellent opportunity to begin trading or change broker. Usually, you can take the bonus once upon joining a broker company. Most of the time, companies are offering a 30% to 100% bonus.
The bonus helps to choose the best forex broker. On this page, we look at the most attractive bonus that available in markets of reliable forex brokers and guide about this bonus.
How does a welcome deposit bonus work?
As the name you can guess, it is typed welcome bonus, you need to go deep into your preferred broker's bonus terms and conditions. In this case, the bonus comes with a fixed percentage of the amount to your deposit, such as a 30% welcome bonus with a minimum $100 deposit. The first condition of the bonus is you need to be a new client; sometimes, if you are already a registered client, you can get the bonus if you didn’t make any deposit yet.
It’s somewhere opposite to no deposit bonus cause the bonus is fixed there, such as $50 or $100, but here only the % of the deposit amount is fixed. The second rule is, almost every broker sets a minimum deposit limit, such as you have to make a minimum $100 deposit to get the announced offer.
The trading criteria of profits, losses, trade volumes are some different here than regular trading. The broker will set the minimum standard lot of trading, trading time, and withdrawal conditions.
What are the pros and cons of accepting welcome deposit forex bonuses?
The bonus allows trading with higher volume.
It provides a higher trading margin that translates to larger trades and higher profits.
Increase trading opportunity and develops psychology.
Difficult terms and conditions that beginners cannot meet.
Withdrawal terms are really painful.
Encourages greed through overtrading and excessive use of leverage.
It takes freedom away.
Criteria used to filter best welcome deposit forex bonus providers
Do you see – there are a many scammed and fraud activity around you? The online is not beyond it. Many brokers offer a fake bonus. Finding a legit company and filtering the best one for you is most important to success in your trading.
Although, it’s not an easy process for newbies, the following criteria will help to filtered a bonus and the company.
Bonus percentage: usually, it ranges from 30% to 100%. The 30% and 50% are most common. Sometimes offers incredible percentages such as 200% to 300%. It rears, most of the cases, in company festival and big achievement.
Bonus terms: one of the most important factors to choose a bonus. Don’t choose any bonus that really hard to full fil terms and conditions.
About Broker: don’t hold only to the bonus. The legit, license, regulation is an important factor to choosing a broker or bonus to avoid security issues and future support.
Trading platform and tools: If you don’t think the offering platform is not suitable for you, don’t go for the one. It could be because of your fund loss. Also, trading tools are important too for success.
Frequently Asked Questions About welcome deposit bonus
Is the welcome bonus a free offer?
The welcome no deposit bonus is free. But the welcome deposit bonus is not free. So, it’s mainly two types of bonus. You need to invest for deposit one.
Do all brokers offer bonuses?
No. Due to regulation, license and company policy all broker doesn’t offer bonus such as bonus are prohibited for USA and EU clients.
Does a bonus really work?
Yes – it’s true. The bonus really works – it depends on the type of bonus that you are choosing, the type of brokers, your trading skill, and your knowledge level. Ultimately it good for all levels of traders.
How do I withdraw a bonus?
Sorry – you cannot withdraw any initial amount of the bonus given by the broker. But you can withdraw the trading profits that depend on the terms and conditions how you can proceed.
Can I trade without a bonus?
Why not! There is no condition to starting with a bonus. Simply, you can choose a broker and start trading. The bonus is a special thing to help traders. Also, you don’t need a bonus again and again.