Forex brokers with welcome bonus in 2021 will help you to trade on the currency market. This is the webpage, where you can choose the best online broker that suits your trading style and finances.
A forex broker with a welcome bonus is the best place to start your forex trading journey. We have compiled a list of most popular forex brokers that offer forex trader with welcome bonus.
In this article, I’ll explain what is forex bonus and how you can get it. In addition, I’ll also show you the list of forex brokers with welcome bonus in 2021.
What Are Forex Bonuses?
A Forex bonus is a reward given to a trader. It is usually in the form of a rebate offered by brokers when you start trading with them. You will get a bonus because you are new to the broker, most likely as an incentive for you to open an account with them. As such, it is not only important to find a good broker but one that also gives high bonuses.
Forex trading bonuses are one of the main ways that forex brokers attract new clients. Forex bonus offers are a fantastic way to get your feet wet in the forex trading world without risking any of your own funds. It’s really a win-win situation. The broker gets to attract new clients, and you get to try out their platform with no risk to yourself.
All brokers have different ways of awarding bonuses. It may be based on your initial deposit, or it can be awarded for the number of trades you make or the profit you earn from them.
Types of Forex Bonuses
Forex Trading BonusesForex trading bonuses are a common way for brokers to attract new traders to their platform. There are three main types of bonuses in the industry: Deposit bonuses, welcome bonuses and no-deposit bonuses.
These are the types of bonuses:
No-Deposit Forex Bonuses
These are most often offered by forex brokers who want to increase the number of traders on their platform without having to pay out a cash bonus. A no-deposit bonus is usually just that — giving you a bonus without requiring an initial deposit. The catch is you will have to trade a certain number of lots before you can withdraw that money or roll it over into another bonus. No-deposit bonuses will often be given in 10%-20% increments depending on the broker and the terms of the bonus.
You get a bonus when you deposit money into the account. This is the most common type of bonus, and comes in many different shapes and sizes. You might get up to 50% on your first deposit (up to $1,000). That means that if you deposit $1,000, you would actually have $1,500 to trade with.
A welcome bonus is paid out over several trades as an incentive for you to use their trading platform. These are often only given to new accounts and will typically range from 5% -20% of the volume traded. The catch here is that trading volume has to be over a certain minimum volume for this offer to be valid. There are usually other requirements on top of this such as trading specific currency pairs and/or having multiple trades per month.
Forex welcome Bonuses are attractive incentives offered to traders when they first open a forex trading account. They are designed to attract new traders by offering them substantial sums, in some cases up to $100,000 or more.
How Do Forex Welcome Bonuses Work?
So how do Forex Welcome Bonuses work? If a broker were to offer $100,000 to every trader who signed up, then it would quickly run out of capital and go bust. Instead, most brokers use what is called a ‘soft’ welcome bonus. This kind of welcome bonus is designed to make you think you have more capital than you do so that you will trade with more risk and lose more than you thought possible before realising that your capital is actually exhausted.
Things To Look Out For When You Are Receiving A Bonus
Forex bonuses are a common aspect of Forex trading. The bonus is essentially a percentage of the deposit that you make. This bonus can be up to 400% on certain deposits. You will also see bonuses in the form of free trades. These free trades come with specific terms and conditions, and they are often only available for a short time frame.
Key things to look out for when you are receiving a bonus:
- The amount of the bonus
- The amount of risk you have to take to earn the bonus
- The amount of time it will take you to earn back what you have deposited and any bonus earned
Is It Worth Signing Up For A Welcome Bonus?
Forex bonuses can be a great way to jump-start your trading account and help you build up a nice balance for free. It’s an easy extra bit of cash for nothing, which is always attractive.
Thing is, there are a lot of forex brokers out there, and many of them offer bonuses. That makes it harder to decide which one is best for you. For that reason, we’ve done some research on forex brokers and bonuses to help you find the perfect match.
Forex bonuses are a great way for traders to get started when they are just starting out in the Forex market. These bonuses come from the brokers themselves and can be used as leverage for day trading and scalping. There are various types of Forex bonuses depending on who is giving them out. For example, there are one time bonuses that can be used once and there are others that can be used multiple times within a certain period of time. You should try to use your welcome bonus to get an edge on the market, it will add some spice to your trading activity!
Forex Brokers With Welcome Bonus In 2021
- XM Broker