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.
No deposit 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Deposit bonuses are often granted in the form of trading credits which usually may be withdrawn after meeting certain requirements.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 Name | Bonus Type | Amount | Rating | More |
| AMEGA | Deposit free bonus | $133 | 5/10 | More Info Broker Review |
| AMEGA | Welcome bonus | 150% of first deposit | 6/10 | More Info Broker Review |
| FBS | Trade 100 bonus | $100 | 10/10 | More Info Broker Review |
| FBS | Deposit bonus | 100% of deposit | 10/10 | More Info Broker Review |
| JustForex | Deposit bonus | 115% | 6/10 | More Info Broker Review |
| RoboForex | Welcome bonus | $30 | 7/10 | More Info Broker Review |
| Tickmill | Welcome bonus | $30 | 7.5/10 | More Info Broker Review |
| FXOpen | Welcome bonus | $10 | 7/10 | More Info Broker Review |
| Windsor Brokers | $30 Free Account | $30 | 7/10 | More Info Broker Review |
| FortFS | Welcome bonus | $35 | 7/10 | More Info Broker Review |
| Fresh Forex | No deposit bonus | $2020 | 5/10 | More Info Broker Review |
| Hot Forex | Deposit bonus | 100% of deposit | 7/10 | More Info Broker Review |
| Corsa Capital | Fixed welcome bonus | $100 | 8/10 | More Info Broker Review |
| OctaFX | Deposit Bonus | 50% of deposit | 7/10 | More 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 scams, how 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.
