Understanding bonuses is very important for both the trader and the broker as each side has different goals in mind in this agreement, however bonuses can be beneficial to both. Forex trading is all about getting the best chance to win more money after investing a little bit. Such a chance can be both – sudden financial market movement and an extra that is specially provided by the broker you are registered in. An extra coming from the financial platform you use and making your profits bigger is the forex bonus, for instance.
One aspect of you signing up to and becoming a trader at any of our featured forex brokers is that you are going to find that every single one of them will be offering you some form of incentive for joining up to their trading forex brokerages. You can often massively increase any initial deposit you make by claiming a sign up or welcome bonuses, in fact many brokers often offer all of their brand new traders a completely free of charge and therefore no risk type of welcome bonus. However, there can be lots of additional ongoing promotional offers available to you when you concentrate all of your forex trading to just one broker and those promotional offers will be a brokers way of rewarding your loyalty.
Bonuses are very popular among traders because they help to earn extra profits and some of them even give an opportunity to earn money without any investments. All the forex bonuses can be divided into groups: welcome bonuses, deposit bonuses and no deposit bonuses. Welcome bonus is a bonus which a trader can get when he starts working with the certain company on the currency market. This bonus is given for opening the trading account with the forex broker. The conditions under which the welcome bonus can be used depends on the broker.
Another bonus group is deposit bonuses. Deposit bonuses are given for depositing of the trading accounts. According to the broker's conditions, deposit bonuses may either be used or not used as the additional margin for trading. It is impossible to say what would be better for a trader because it depends on different circumstances such as the trading strategy. However deposit bonus is actually a perfect solution for the traders who want to earn more while doing what they like. If the trader has decided to deposit his account and to start trading why not to get extra bonus for this?
The no deposit bonuses are type of bonuses dubbed as “free bonus without deposit” among traders. It is evident from the name that it is not required to fund the trading account in order to get the non deposit bonus. Some forex brokers provide the no deposit bonus which can be withdrawn and some offer to use this bonus only as the additional margin for trading. Anyway this bonus group is still the most attractive for traders because it gives an opportunity to earn without any investments.