Some people can think that bonuses for trading forex does not sound interesting and they even do not care much about this because bonuses can cause some blocks for trading. However, bonuses are liked by most of the traders with the reason that bonuses can help decrease trading fee and margin amount. And beginning traders can also gain some benefits from bonuses too. And there is a true fact that traders can gain more bonuses by some skills. For your revision, from my acknowledge, I have summarized some factors that help traders to know more about best forex bonuses and how get better manage their bonuses better. The elements I will show you as below are:
There are a lot of bonus forms, but there are popular bonus methods that are used by most of the reliable brokers: Welcome bonuses, Deposit bonuses and Lot Back bonuses. Now let’s see what they are? First, Welcome bonuses (or non-deposit bonuses) are usually given for the first time trader to encourage them to continue trading with the brokers or this is a strategy of brokers to attract more clients from their opponents. Some best forex brokers give their starters the amount of 30 to 50 dollars for the first time they open the account. Actually, this kind of bonuses is used a lot by new traders to check brokers’ trading conditions and to test of their trading plans work well. Or, this kind of bonuses is the opportunity for some people to trick as much as bonuses amount by opening many accounts to level up their bonus from this. Second, Deposit bonuses are the bonus that traders have based on their amount of deposit. That is when traders make the deposit into their account, and then from that brokers can offer the bonus that may reach 20 %, 50% or 100% over the total of deposit. The purpose of this kind of bonuses is to encourage clients to feel they are making profit and they want to keep trading or even reopen and reactivate the account after a long time closing the account. This type of bonus is applied by some brokers for the beginners too. The third type is Lot Back Bonuses. This type is most preferred by traders because it is more beneficial for their trading, especially the trading cost. With this kind of bonus, traders will be reduced automatically some mount for the spread for each lot. The amount of bonuses for this type also depends on some other factors like currency traded, account types or the trading time. For instance, when a trader from XM trade the currency of EUR/USD the spread is 1.4 pip for the transaction or lot completed, then the bonus is 3$. That amount is subtracted from the spread fee for the EUR/USD pair, so traders just have to pay 11$ for the spread. 2. Be aware of some downsides of the bonuses Here I will show you some disadvantages of bonus to see what kinds of bonus are most profitable for your trading. About Welcome bonus, this bonus giver is too easy that some traders could be so suspicious about this. And that is right that new brokers usually offer this kind of bonuses and that they are quite not reliable and they do not make it easier for traders to get the bonus. That means the withdrawal of the bonus is confusing. And for this bonus, this is quite small the amount in comparison with the whole amount that traders deposit in and it bring just a very little profit for traders. The drawback of deposit bonuses is quite the same with the first one. It is hard for traders to take their bonus because the conditions for withdrawal may be complicated or the bonuses can disappear when you carry transferring your profit. How about Lot Back bonuses? This kind of bonuses sounds safer to traders. There will not be difficult withdrawal process for traders but traders cannot benefit a lot from this type of bonuses with just one lot. That means they have to trade a lot to really gain back from bonuses and it even takes longer time. Can traders withdraw the bonus amount? There are two things about withdrawing bonuses to be concerned about: First, some brokers require traders to trade a certain numbers of lots before they can withdraw the bonus. They do that in order to increase the number of clients. For example, you have 50 $ bonus but the lots traded are not ten then your bonus will be transferred into the deposit for you, until you deposit 10 lots you can be able to get your bonus then. Or, there is another case that traders can still get the profit from bonus even though they are Not allowed to withdraw the bonus right away. In conclusion, withdrawal conditions prevent traders from having their bonus and when you want to finish the required lots you probably pay the larger amount than the bonus you have. 3. Should traders choose good bonus or low spread brokers? As my experience with trading, bonus is not the priority to choose the brokers. It is the brokers’ credibility that most decide if the brokers are worth trading with or not. However, traders can still both trade with reliable and goo bonus brokers by these stages: 1. Choose top five most reliable brokers that are good for your trading plan. 2. From this top five, pick the ones with good bonus offer 3. Trade with the chosen brokers and see how good their bonuses are. GO TO THE MOST RELIABLE BROKERS 4. I give you top 4 best bonus brokers As I follow these stages and get some experience, I have the information of top 4 brokers that have good methods offering bonus 1. XM with amazing welcome bonus with 30$ 2. FBS offers 50$ for welcome bonus 3. XM with the best deposit bonus, offering 100% over the deposit 4. Exness has the most ideal bonus for Lot Back: 2-16$ rebated for spread, CLICK HERE 5. Some technical skill to gain more bonuses You can trick brokers to gain more bonuses when these brokers offer Welcome bonus. There are two ways to do that: 1. With the brokers require no conditions for withdrawing the bonus, traders can open many accounts then combine one account that has the ability to win with another that can lose together. By that way, traders can create account with 50% win then they can have their profit. 2. The second way is cheaters choose the brokers with high leverage then a lot of accounts and from the high leverage they make more and more deposits to gain a lot bonuses. Of course, to take the bonus, they have to hedge one probably lost account with a winning account to make sure they make profit. Read more : FOR BEGINNERS TO GET THE PERFECT BROKERS
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