Best forex brokers are forex brokers with bonus good for trading
Are you finding forex brokers with bonus? Many believe that forex bonus is a great way to start their trading journey.
But why do brokers give out bonus? People can’t just hand you money like that, right? Are there anything shady behind forex bonus?
Today I’m going to help you answer the ultimate question: Are forex brokers with bonus good for your trading?
WHAT IS A FOREX BONUS?
First, you need to know what exactly a forex bonus is. It is a gift which brokers give to their new clients to compensate.
Bonuses are usually offered with no obligations for the clients like paying or doing anything specific.
They just have to make their official registration on the website.
On the other hand, some types of forex bonuses require you to make deposits in your account.
FOREX BONUSES AND THE CLASSIFICATION
In fact, the brokers always provide many forex bonuses programs. Nevertheless, you can understand that there are 3 main types of bonuses.
They are Deposit bonus, Welcome bonus and Lot Back bonuses.
This type of forex bonus is the amount of money you will get when depositing. How can we calculate these bonuses?
They are measured in %. The purpose of forex brokers when they use deposit bonus is encouraging their clients to deposit more and mind their accounts if they haven’t used them for a long time.
You can also see that some brokers offer their clients deposit bonus when they first deposit.
There are 2 downsides of the deposit bonus. Firstly, it has relatively difficult withdrawal conditions.
The other weak point is that you can lose your bonuses if you withdraw profit carelessly.
This type of bonus is also called as non-deposit bonuses and it is offered to new clients.
Normally, welcome bonus is very attractive for bonus cheaters and the traders who are first take part in forex trading market.
Beginners usually use these bonuses to check whether the trading conditions of brokers is good or not.
On the other hand, bonus cheaters use welcome bonus to register many accounts to receive these free bonus and trade as well as withdraw the profit after that.
However, supposing that your deposit is too little, the withdraw conditions will become hard.
Lot back bonuses
These bonuses are suitable for loyalty clients. After completing 1 transaction or a lot, brokers will automatically rebate to your account an amount of money.
Indeed, Lot back bonus is cost-savings and many experienced traders love it.
This type of bonuses is not suitable for the clients who invest in little money.
Because Lot back bonuses only rebates traders for each finished trading lot. You need to wait for a long time in order to really get some profit.
WHY DO BROKERS OFFER FOREX BONUSES?
The only reason for broker’s bonus is attraction. Brokers use forex bonus as a bait to find more traders.
If you look at brokers a little bit closer, you can see that only small or new forex brokers give out bonuses, especially welcome bonus and deposit bonus.
This is one of the best ways to gain more traders to them. Big and famous brokers rarely have bonus because they already have thousands to millions traders.
The only bonus they offer sometimes is lot-back bonus, a way to keep their customers trading there.
IS BROKERS WITH BONUS GOOD?
The question now is not good or bad anymore. Instead, you should ask: Is forex brokers with bonus suitable for you?
If you’re new to forex trading, you should use bonus. It is a great way to save your money because beginners tend to lose a lot in early stages.
When you’re more experienced, you don’t need to care for bonus too much because now you trade a big amount of money.
Forex bonus is too little compared to what you trade.