Every trader likes forex bonuses but not all really know what forex bonuses are. There are also too many bonuses in the market for traders to choose the best ones for them. For this reason, this article will be showing the knowledge about the best forex bonuses, how many types of them and how to claim them.
Forex bonus types
If you want to know more about forex bonus types, you have to be sure about the meaning of “forex bonus”. What is forex bonus? It is a kind of common promotion or gift that is offered to traders to attract them. These traders may be the new customers of a broker who have just registered a new official account, or have already worked with the broker for a while. Normally, there are not many conditions to claim these bonuses and the conditions are not difficult, either. There are commonly 2 ways to obtain the bonuses: registering an official account for the first time at a broker or making a deposit. Now let’s see how many types of forex bonus there are.
Forex welcome bonus
Why does this bonus have the name “welcome”? Because it is like a warm welcome to new customers of a broker. This broker wants to attract more and more traders, especially newbies, and so, they often use this bonus though it is just a little amount. However, this little amount of bonus is enough for traders to study and learn more about forex market, trading conditions, environment,… Therefore, this may not suitable for regular or long-time traders in the market because they already have knowledge about forex and don’t need this little bonus, either. How to claim the bonus is the easiest part in this term. You just have to create a new account to a broker and obtain the bonus.
Forex deposit bonus
Forex deposit bonus requires traders to make a deposit before they could claim it, that’s why it is called “deposit bonus”. As a result, anyone can apply this bonus if they are already in a business with a broker or have their own accounts from that broker. The condition is also simple. You just have to make a deposit, whether it is at the beginning of time or the next time on website. In general, brokers measure this bonus rate in % such as 80%,90%,… That means the more you deposit, the more bonuses you will get. For example, you deposit $200 at the rate of 50%. In the end, you will get totally $300 to your account because the bonus amount is 50% of $200, which is $100.
Lot-back bonus
This bonus will be rebated to you based on the amount of transactions you have traded. However, this most special bonus program is exclusively for loyal customers who have been working with a broker for a long time. So, this bonus is like a thanks from the best forex brokers 2019 to their customers because of their support and beliefs in their trading system in the market. Accordingly, the more you have traded, the more money you will get back to your account.
To choose the best forex bonus
To avoid wasting of time, traders should not focus too much on forex bonus and forget to have experience in trading forex. Although the bonus is good, spending too much time on it will affect negatively to your experience. In accordance, the fastness of claiming bonus must be the first standard to choose the best forex bonus.
From my experience, here are 4 best forex bonuses:
– Best welcome bonus: 30$ welcome bonus of XM
– Best welcome bonus: 50$ welcome bonus of FBS
– Best deposit bonus: 100% deposit bonus of XM
– Exness bonus: Rebate 2 – 16$ per lot of Exness