Most of the brokers have the bonus program for traders. This strategy can also attract a lot of clients to connect with them. But not all the brokers have the best forex bonuses; then, traders need to have the information about which brokers organize their bonuses the best and they are also reliable for traders to make benefit from.
Table of Contents
Three main types of popular bonuses
First, there are some major elements about bonuses that traders should keep in mind. What bonuses really are? They are built as the promotion method to raise the revenue and the number of clients working with them also. How the bonuses work? First, traders need an account with the brokers because they will not award the bonus for those who do not have an internal account with them. Then, base on the characteristics of traders, there are three main ways to present the awards the traders, which could be the deposit or the trading lot. Following is the three main types of bonuses that most of the best forex brokers BRKV have.
To win this bonus, traders need the official registration with the brokers than they make the deposit from the account they have. The deposit can be the first or the second. Then different brokers have different rates for deposit amount. For example, the rate can be 50%. This rate means that traders who make the deposit of 100$ with the payment tool of the brokers can get back 50$ which is 50% of the deposit thank to the deposit bonus. This kind of bonus does not require any qualities or features of the trader; all kinds of traders can play and win.
Lot- back program
This program requires a little more experience from traders because if traders have less experience they have the low chance to win this bonus. Therefore, the main point about this bonus is the experience of the traders. Experience is from the number of executions that traders make with one broker for a long term to define their loyalty with the brokers.
This one is more open for the beginners. For most beginners who open an account with the brokers; the brokers will award the welcome bonus which is an amount to trade. Trading with welcome bonus is not risky and more importantly, traders are able to find more about brokers’ trading condition also. Because of the features of the welcome bonus that no deposit is required, some brokers have it as no deposit bonus and original deposit bonus.
Best way to define the best forex bonus brokers
When traders have to invest more time and money to have the list of the best forex bonuses, they have lost more than they think. Therefore, the best way to find out the best forex bonus is to avoid wasting too much time and fund on that. In the nutshell, the amount of time to find out the best forex bonus or the level of fastness is the main things in general.
Here are the best forex bonuses currently:
- Best welcome bonus: 30$ welcome bonus of XM
- Best welcome bonus: 50$ welcome bonus of FBS
- Best deposit bonus: 100% deposit bonus of XM
- Exness bonus: Rebate 2 – 16$ per lot of Exness
Probably, you are already eager to find out how exactly to find the best Forex bonus. The options are many. For you, time is money and wasting either of them is a failure for your total trading experience. So when it comes to getting the best Forex bonuses, the feature of fastness is put on pedestal. Every trader will want to find it quickly without wasting either money or time!