Are you aware enough of forex bonuses? If you are not, then this article will help you a lot by showing the definition of forex bonus, while introducing the main types of bonuses that are used mostly by brokers in the market.
Types of forex bonuses
There are now many types of forex bonuses that the best forex brokers BRKV use to attract more and more customers to work with them. What are they? They are Forex deposit bonus, Forex welcome bonus, Lot-back bonus
. What are the differences among them? Before finding these differences, let’s see what a forex bonus is. A forex bonus is a promotion/ gift which is provided to traders who are either new customers or currently working with a broker. These bonuses do not require any costing conditions such as paying, but you will have to register a new official account to a broker or make a deposit.
Forex deposit bonus
As its name may suggest you, this bonus type requires depositing before you can claim the reward. This condition may be at the beginning of time or at next time you deposit, but of course, you must have an official account or in other words, must already work with this broker so that you can apply this kind of bonus. In common, brokers measure this bonus in %, such as 50%, 60%,…of the total deposited amount. Now let’s see this typical example for more information. It is supposed that you have $100 and you want to deposit it all, with the bonus rate at 50%. After finishing the payment process, you will have $150 totally in your account because it is added $50 from the bonus.
Forex welcome bonus
If you know the meaning of “welcome”, you will definitely guess the meaning of this bonus type. Indeed, the best welcome bonus forex is to welcome every traders who are new or have just registered an official account to a broker. Though the bonus amount is not very much, it is still enough for beginners to learn and have more experience in trading forex, forex system, conditions,… How to claim this bonus type is the most simple part. You just have to create a new official account to a broker, after that, the bonus will be added to your account balance. However, some brokers require depositing before you can obtain the bonus, which depends on the policy of the brokers. Anyway, this is the most simple and easiest bonus to claim.
Lot-back bonus
This bonus type also has a name which is “Loyalty bonus”, which can suggest that this is mostly for loyal traders. Indeed, in order to claim this kind of bonus, you have to:
- Work for a long time with a broker
- Trade a lot of transactions
When you have traded a certain amount of transaction, you will be lot-back a certain amount of money to your account. It can be known that the more you have traded, the more money you will get back. This is also known as the most special bonus program in the market now.
How to choose the Best Forex Bonus?
As I mentioned above, there are now many forex bonuses in the market, which makes it difficult to find the best ones among them. If you spend too much time on it, it will be very wasting of time and may cause bad effect to your trading experience. Fastness is the most important factor when you find the best forex bonuses.