At the moment, there are many brokerage companies that are fighting to join new traders, with whom they will eventually have income. Each broker uses its own methods of attracting, some set a low commission, others offer high leverage, and the third create profitable affiliate programs. But the most effective method is Forex bonuses for traders. In this article, we will consider what bonuses in Forex are offered by brokerage companies, and how you can properly benefit from them.
How to use Forex Bonuses?
Various brokerage companies use two ways to provide gift funds:
- Replenishment to the main account;
- Deposit to a Forex bonus account.
At the same time, different companies have different requirements for the withdrawal of funds. So, for example, a no deposit bonus is credited to a Forex account instantly, but funds can be withdrawn only after replenishing the account with personal funds and performing 1-3 trading operations. This method will be introduced to ensure the honesty of the trader, and registration for the purpose of trading, and not for the purpose of withdrawing bonus funds.
To begin with, the most correct thing (in order to avoid misunderstanding) is to study the bonus policy of the broker, which must be present on the broker’s website itself. This XM bonus is a perfect example of what an FX bonus should look like. The terms and conditions are perfectly described on the website, so traders have a general view of what they are going to receive from the broker.
After reading the raft for granting bonuses, registering, fulfilling additional conditions, most often, the most common conditions for providing such bonuses are full verification.
Further, after having fulfilled all the conditions and having made a trade turnover, it is possible to withdraw bonus funds. The good thing is that, if you don’t succeed at all and understand that such an activity is not for you, you will not lose anything. When the individual receives a bonus, he doesn’t owe the broker anything.
No one can demand that you redeem your bonuses with real money. Many fraudulent brokers expose bonuses as loans or other obligations, demanding their repayment with real money. Don’t fall for such a trick. It is also often necessary to remember that it is possible to withdraw bonuses, but it is very difficult.
Bonus Wagerings
Bonuses are always bright and attractive, and users are hasty and inattentive. Under the bright advertisement, there is a product that is used, which is regulated by the broker’s terms and conditions. And as a rule, the standard set of these conditions includes working out the trading volume. Accordingly, without fulfilling such conditions, the withdrawal of funds is impossible. That is, you need to make a trade turnover.
Trade turnover is the volume of trades that you have opened. It is rather difficult for a beginner to complete such a task. That is why bonus funds most often remain with the broker.
Otherwise it can not be. As much as the broker wants to please the client, no one will give out money just like that. And at the same time, some experienced players manage to reject the bonus and withdraw funds. It also happens that the broker does not allow the withdrawal of the bonus at all and it can only be used to assist in trading.
Should I take a Forex bonus?
Due to different reviews of traders about brokers, a large number of users have the opinion that it is not worth making money by trading in the financial market. However, it is worth evaluating Forex trading using bonuses, and it is also necessary to adequately assess the existing opportunities. If you want to find a profitable stock or offer for Forex trading, then you should carefully read the conditions that relate to the provision of bonuses.
Also, you do not need to pay attention to beautiful slogans, because it is best to get acquainted with the offer in more detail. If you do not study the offer, you can fall into a trap behind which rather complex processing conditions, as well as withdrawal of funds, can be hidden.
First, you need to research the chosen company that provides bonuses. Experienced scammers who are only interested in how to make a profit from a deceived client may stand behind interesting, profitable, as well as attractive offers. A trader who is interested in the bonus starts trading without suspecting that his profit has already been programmed in the system. Before starting cooperation with a broker, you should carefully study the site and the company that provides bonuses, so as not to lose money, time, and also the desire to trade in Forex.
Forex Bonuses are Incentives
Forex bonuses are always helpful for novice investors, because it gives you additional money that can be used in trading. However, the requirements should also be taken into account. Make sure you always read the terms and conditions carefully to avoid any complications in the future.