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To start your forex trading, we highly recommend that you get the forex welcome bonus that is offered on the market today. Forex bonuses are given by forex brokers to customers as a reward when they use the brokers’ services. These include assistance from the experts that would guide you in putting your investments and resources in a legitimate site or company.
Be one of the many investors, traders and businesses who enjoy the benefits of Forex trading today. When working with forex brokers, you will also be able to use the trading platforms they use. They can give you these bonuses when you make your deposits or even get them for free. You can also choose according to the type of bonus you are looking for that would suit your preferences.
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To try out our forex bonuses. You can choose from this list of the latest forex bonus offers we have identified for you.
There are also different types or methods of forex bonus that you can choose from. You can try Forex Deposit Bonus, Free Forex Bonus, or Forex No Deposit Bonus. We highly encourage you to try this opportunity to avail of these bonuses. We assure that these offers will not put your money at risk.
To get the best from the latest forex bonus offers on the market, we have here some basic guidelines that would help you.
Table of Contents
- 1 How to Get Credible Forex Bonus
The first thing you should do is to identify who among the available brokers are the ones with a good reputation. Avoid brokers who offer a large amount of bonuses to avoid the risk of being scammed.
To avoid them, make sure to search the essential information about the brokers you are considering. The broker should be able to give important contact details and updated details of their physical address. In this way, you can access them anytime if you have important queries, need assistance, or need help in case of emergency.
Check the customer support system that the broker provides. The forex broker you choose to work with should respond to you when you need information from them. Reputable Forex brokers have 24/7 customer service available.
Read Through Forex Broker Reviews and Ratings
Today, you can find a lot of reviews of different brokers’ sites that you can rely on when looking for a forex broker you can trust. These reviews provide ratings of the brokers’ services and performance. Check this out so you will be able to identify which brokers have credible services. In reading these reviews you would also learn and identify the platform that would best suit your needs and preference.
Here is our list of our recommended forex brokers reviews that can help you evaluate the forex broker you can work with, and offer great bonuses:
| Broker | Info | Bonus | Open Account |
|---|---|---|---|
| Regulation: Leverage: 1:400 Demo Account: Yes Min Deposit: $100 | Up to $10,00 Bonus | Read Review | |
| Regulation: Leverage: 1:3000 Demo Account: Yes Min Deposit: $1 | $123 Bonus +100% on every deposit! | Read Review | |
| Regulation: Leverage: 1:1000 Demo Account: Yes Min Deposit: $100 | 101% On Each Deposit | Read Review | |
| Regulation: ASIC Leverage: 1:500 Demo Account: Yes Min Deposit: $100 | $10 No Deposit Bonus | Read Review | |
| Regulation: FFMS Leverage: 1:1000 Demo Account: Yes Min Deposit: $1 | Maximum 250% | Read Review | |
| Regulation: Leverage: 1:2000 Demo Account: Yes Min Deposit: $100 | 100% Deposit Bonus! | Read Review | |
| Regulation: CySEC Leverage: 1:888 Demo Account: Yes Min Deposit: $5 | Deposit Bonus up to $5,000 | Read Review |
Latest Forex Welcome Bonus Offers from the Most Trusted Forex Brokers
Get started with your forex trading and work with the most trusted forex brokers. Here is a list of some of the top forex brokers with the minimum amount you can deposit, and the corresponding bonus you can get.
| Broker | Bonus | Min Deposit | Leverage | Review | Open Account |
|---|---|---|---|---|---|
| Up to $10,00 Bonus | $100 | 1:400 | Review | ||
| $123 Bonus +100% on every deposit! | $1 | 1:3000 | Review | ||
| 101% On Each Deposit | $100 | 1:1000 | Review | ||
| $10 No Deposit Bonus | $100 | 1:500 | Review | ||
| Maximum 250% | $1 | 1:1000 | Review | ||
| 100% Deposit Bonus! | $100 | 1:2000 | Review | ||
| Deposit Bonus up to $5,000 | $5 | 1:888 | Review |
With the thousands of brokers available, it could be an overwhelming task to decide which forex broker would be best for you. In this post, you will find a compiled a list of factors to consider and hopefully, as you reach the last, you would have decided already which forex broker is good for you.
Spreads or Transactions
- Forex trader cost is the actual cost of the forex versus your purchase price. This is calculated in pips: thus, the lower the amount, the better. Since the spread is where the brokers get their income, forex traders should be wary of brokers advertising that they do not charge pips. There is probably a catch somewhere that you may not have knowledge of.
Leverage and Margins
- Leverage options are used by investors so that they can take advantage of fluctuations in currencies. A leverage is actually a loan extended by brokers to investors who should maintain a margin account with them. Standard trading is usually done on 100,000 units of a currency. Thus, for a 100:1 leverage, the trader must deposit US$1,000 on his account. The leverage gives the investor the potential of raking in big profits relative to his small investment.
- On the other hand, in the markets go against your expectations, then your opportunity for a loss is also as great. This is the reason why there is such a thing as a stop order. A stop order is actually a mandate given by the trader stating that trading is stopped if losses reach either a certain amount or percentage.
Service Extended
- With brokers literally chasing after new entrants in the forex trade system, traders should at least be able to reach the broker should he have any concerns on his account. Unfortunately, for a number of brokers, service is impeccable before account opening and suffers drastically when the client has already opened an account.
Broker Quality
- Forex trading is an unregulated market. Therefore, you should find one which is regulated by the Commodity Futures Trading Commission (CFTC) and a registered member of the National Futures Association (NFA).
Trading Tools
- Good brokers do not leave their customers at a loss once they start to trade. Thus they provide their client with the necessary tools to help them succeed in trading. It may be a demo account or maybe updates with regard new trading practices.
Trading Platforms
- Almost all forex traders do their trades using the internet. Not having an online trading platform is a great disservice to clients.
Availability of Currency Pairs
- A good broker should be able to trade the 8 major foreign currencies: Australian Dollar (AUD), Canadian Dollar (CAD), Swiss Francs (CHF), the Euro (EUR), British Pound (GBP), Japanese Yen, and the US Dollar (USD). These currencies are the ones most used in business transactions so their prices fluctuate based on supply and demand.
Lot Sizes
- Minimum lot sizes (or units of currency you can buy) vary with each broker. If you are just starting to learn forex trading, find a broker that would allow you to buy mini lots.
Rollover Charges
- Brokers allow traders to close open positions value dated today and opening the same trade tomorrow but reflecting the differences in interest between the currency pairs. Although this is allowed, there are charges levied by the brokers and you need to know how much the charge is to determine your margin on the trade.
Forex Welcome Bonus
- Added to the values, forex broker offers forex welcome bonuses such as forex no deposit bonus, forex deposit bonus and other types of forex cashback or rebates. With the forex bonus, the trader has added leverage to trade as the bonus becomes an additional fund with which he can trade more. This would mean a lot to the trader because some new traders really would need the additional funding even just to trade the minimum lots.
Some of the factors given above may be self-explanatory. However, the others need your expertise in determining whether or not your broker actually provides you the best, say in terms of pips, rollover charges, and the like. Make a shortlist of the brokers that you know and have traded with and using this checklist, weed out those that do not provide what you are looking for.
A forex welcome bonus extended by brokers to traders would be a great come on for new traders. For one, they can start trading the bonus, without actually putting their capital at risk. At worst, the trader can lose a portion of his capital if he trades more than the bonus but should there be a good trade made, the bonus can actually help the trader increase his capital. If one tends to be safe in his trading transactions, the possibility of earning would be there. The trick is if you have made good trades already, set aside your original capital, and trade only within your gains so that your capital is preserved.
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