BRKV – Normally, brokers tend to offer forex bonuses considered as an effective hook in order to attract traders. In some cases, traders cannot understand some negative sides of receiving best forex bonuses. As a result, I write this article with a view to giving them through insights into what they need to know. If you have a strong passion for gaining forex bonuses, this article can help you. Besides, the number of traders does not care about forex bonuses. In fact, one solid evidence for gaining forex bonuses is to lessen the trading cost and trading margins. In addition, we can also know how to hack bonus programs and get out profits.
To begin with, I will show you two chief methods that enable us to break into bonus programs and get profits from that. In reality, the majority traders often choose two effective ways to hack the bonus programs of brokers.
Firstly, it is a task for traders to possess many accounts at the same time with a view to getting welcome bonuses. By doing this way, traders later will hedge two 2 accounts and they can win one.
Secondly, traders will open many new accounts in order to have welcome bonuses. Later on, they will tap into the high leverage to open large positions, and the rate of win is 50%. CLICK TO SEE GOOD FOREX BONUSES.
In reality, people can enjoy three sorts of forex bonuses which are Welcome bonuses, Deposit bonuses, and Lot Back bonuses.
The first one is Welcome bonuses (or non-deposit bonuses). This is one of the most useful one that brokers use to attract forex beginners. Besides, new traders can make use of this sort of forex bonuses to check their brokers.
The second one is Deposit bonuses: basically, brokers have a tendency to offer this sort of forex bonuses in order to spur traders to deposit more.
The last one is Lot back bonuses: this sort of bonus is for the loyalty program. To be more specific, if you accomplish 1 lot per transaction, brokers then will refund the amount of money back to your account. This kind of forex bonus can be considered as an attractive one, which allures the number of professional traders because they can have lower transaction cost.
Example: the spread of XM brokers for EUR/USD is 1.4 pip, and they will lot back $3 for each finished trading lot. It means you only need to pay $11 for each EUR/USD lot instead of $14 of the initial spread.
It is better for you to understand some negative sides of these kinds of forex bonuses, I will give some illustrations here.
Welcome bonuses: it is not regarded to be the best one because its values. In terms of big traders or investors who tend to gravitate towards other profitable ones. In addition, it is quite hard for traders to withdraw their benefit because of the trading conditions. For the most part, they are new brokers who always make use of some strategies to attract the attention of new traders. As a result, you might be able to face some risky situations when trading with these brokers.
Deposit bonuses: normally, it would be really daunting for traders to withdraw their profit when choosing this bonus type. Sometimes, their money will be evaporated without any reason.
Lot back bonuses: many traders reckon that this is good for them if they pour the larger amount of money into their account. Generally speaking, brokers will refund their traders for each terminated trading lot.
In order to help you choose the best suited forex bonus, I will show a list of top 4 great forex bonus here.
Best welcome bonus: 30$ welcome bonus of XM
Best welcome bonus: 50$ welcome bonus of FBS
Best deposit bonus: 100% deposit bonus of XM
Lot Back Bonuses: Rebate 2 – 16$ per lot of Exness
This is a very common question among traders in forex market. Traders have an inclination to ask for this question because they desire to know how to choose effective forex bonuses.
It is obvious that we have two chief withdrawal conditions that you should know before choosing forex bonuses.
Firstly, brokers will offer withdrawing bonuses when you accomplished your trading lots.
Secondly, many brokers do not allow withdrawing bonus, yet you can still withdraw your profit.
Read more best forex broker in 2018
In my opinion, having forex bonuses is good, but it is not the most essential condition for choosing a broker. If we want to choose a good brokers, it is a must-do task for us to look at different aspects which enable us to have a well-rounded understanding about our future brokers.
Some basic steps that we should follow before choosing suited brokers.
Make a list of top 5 best brokers.
Choose best forex brokers that have good bonus program.
Trade and get bonuses.
Hey there, this is Fanara Filippo. I’m the author of this article and i’m currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.
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