Broker bonuses are incentives offered by different forex brokers to attract clients. These bonuses vary in types and from broker to broker. Also, these bonuses vary in fulfillment requirements. Examples of bonuses offered by brokers include no deposit bonuses, deposit bonuses, and welcome bonuses among others.

Broker bonuses

No deposit bonus

Forex bonus

The forex no deposit bonus offered by forex brokers is one in which free money is credited to the client’s account for trading in the forex market. This bonus is usually granted upon verification of identity after registration.

The major advantage of this bonus is that it allows traders to trade a live account without having to risk personal capital. 

This can be very beneficial for beginners, as it helps in gaining experience that cannot be gotten from demo trading. The no-deposit bonus allows new forex traders to “test the waters” before depositing their funds. It can also be helpful for professional traders. This is because it is an opportunity to test out the trading conditions of a particular broker before making a deposit.

Deposit bonuses

Deposit bonuses are granted by brokers to clients to increase equity after making a deposit. This allows the client to trade more volume if they so wish. Deposit bonuses are granted by brokers in percentages of the deposit amount and vary from broker to broker.

Deposit bonuses are often granted in the form of trading credits which usually may be withdrawn after meeting certain requirements. Deposit bonuses can be from 25% of deposit to as much as 115%.

Welcome bonus

This type of forex broker bonus is given to new clients upon registration. It usually expires in a couple of days from registration. This type of bonus may or may not require a deposit.

Check the table below for information about different forex bonuses that are available.

 

Broker NameBonus TypeAmountRatingMore
AMEGADeposit free bonus$1335/10More Info
Broker Review
AMEGAWelcome bonus150% of first deposit6/10More Info
Broker Review
FBSTrade 100 bonus$10010/10More Info
Broker Review
FBSDeposit bonus100% of deposit10/10More Info
Broker Review
JustForexDeposit bonus115%6/10More Info
Broker Review
RoboForexWelcome bonus$307/10More Info
Broker Review
TickmillWelcome bonus$307.5/10More Info
Broker Review
FXOpenWelcome bonus$107/10More Info
Broker Review
Windsor Brokers$30 Free Account$307/10More Info
Broker Review
FortFSWelcome bonus$357/10More Info
Broker Review
Fresh ForexNo deposit bonus$20205/10More Info
Broker Review
Hot ForexDeposit bonus100% of deposit7/10More Info
Broker Review
Corsa CapitalFixed welcome bonus$1008/10More Info
Broker Review
OctaFXDeposit Bonus50% of deposit7/10More Info
Broker Review

Note: While bonuses offered by brokers can be very beneficial to the forex trader, it is important to be wary of scammers. Some fraudulent brokers use bonuses to entice unsuspecting traders, who then trade with them. After the trader must have made some profit, they then ask the trader to deposit some amount to be able to withdraw the funds. The broker then locks the funds or can even close the account altogether defrauding the broker of the profits and deposited funds. You can learn more about forex broker scamshow to avoid forex scams and more at our blog.

Visit our forum page on forex bonuses for more forex bonuses and individual reviews of different forex broker bonuses. You can also share your experiences trading with forex bonuses on the page. For the reviews of different forex brokers, visit our forex broker reviews page.

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