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The guide includes:
- Forex Bonus Ins & Outs
- Bonus Trading Strategies
- Secret Bonus Offers
Best Forex Trading Bonus Brokers 2017
Below we have handpicked the safest brokers for you to start. These brokers are offering great bonuses for both deposit and no deposit campaigns. In addition to this, most of the brokers supply a convenient web trading software, so you wouldn’t need to download anything to get started. Browse the list below!
Want to be on this list? Contact us!
What is FX Trading Bonus Site All about?
Our website is here to provide your with the list of the best bonuses available for the traders. We are highlighting 3 main categories of the bonus:
This way you can easily find yourself a generous bonus from an honest broker.
How to Find a Good Forex TRADING Bonus?
When it to selecting a bonus, it is often hard to get one from a reliable broker. In many cases you would get a no deposit offer that will get cancelled for now reason. It is also probable to get a bonus and then find out that you cannot cash it out.
Here, at our top tables, we list only the most attractive offers from the reliable brokers.
Below you can find the best bonuses available till this date. Read reviews or sign up straight away!
XTrade No Deposit Bonus
Looking for some more free trading money? This deal from XTrade will give you 50 USD for free. Just verify your account and start trading right away!. Read full review here.
Size of Bonus: $50 Trading Platform: XTrade
Expiration: 31.12.2017 Min. Volume: 2 Lots
Leverage: 1:400 Required Action: Verification
Z.Com Trade No Deposit Bonus
Want to test Z.Com trading platform before you deposit real money? This broker offers one of the best free Forex bonuses.
Size of Bonus: $30 Trading Platform: Custom
Expiration: N/A Min. Volume: 2 Lots
Leverage: 1:200 Required Action: Verification
Trade360 No Deposit Bonus
One of the best Forex bonuses that is available today. Get 50 USD and try CrowdTrading right away!
Size of Bonus: $50 Trading Platform: CUstom
Expiration: N/A Min. Volume: N/A
Leverage: 1:200 Required Action: N/A
XM Forex 30 USD FREE Bonus
This broker rewards your registration with a bonus account, so you can preview the trading conditions and its platform. Currently this is one of the best Forex no deposit bonuses available.
Size of Bonus: $30 Trading Platform: MT 4
Expiration: No Min. Volume: 0.5 Lot
Leverage: 1:888 Required Action: SMS
Want to add a bonus? Get in touch!
Types of Forex Trading Bonuses?
Many of us are struggling to find the difference amongst the various types of bonuses that exist in the current scope of offers from the brokers. To make your lives easier, we are here to provide you with some easy explanations of these promotions and also to supply you with the list of tips when it comes to trading bonuses.
What is Forex Trading No Deposit Bonus?
It is a certain type of a broker’s promotion when you can get a live trading account without making funding your account. This way you get to trade on a real account, preview the spreads, execution and other conditions of the broker. Also, you may trade this bonus for one great reason – profit. In the majority of the offers you are not given the bonus that easy. It is often necessary to prove your identity or to make an SMS verification of your phone number. This way a broker can make sure that it gives a Forex trading bonus no deposit deal to a real person, and not just to a clone. Such bonuses are really great for beginners, as it let’s you see what currency trading is without putting your own funds to risk. Check out the list of the best bonuses available for starters. Next to this, it is quite great to use these promotions if you simply want to get away from your live account trading and do a few of the risky trades that could potentially lead you to loses, as you are much better off making such trades on a FTB free account. Sounds interesting? Get the best no deposit trading tips at this article.
What is a Forex Bonus on Deposit?
This is another type of the bonus offer that is available with the most of the brokers. Once you want to open an account, a broker can increase your deposit for a certain percentage. For example, if you are offered a 20% deposit bonus, it means that once you deposit 1,000 USD, you will be trading on an account that has a total balance of 1,200 USD. Find out more about this type of the bonus in this article. There are many Forex deposit bonus deals available to you, however, most of them are actually scams. This is why you should only use our handpicked list of the best bonus offers on your deposit. We are only listing verified and trust bonus offers, so you can stay safe and trade stress-free.
What are the best Forex contests?
Even though it is not actually a bonus, we are still reviewing trading competitions on our site. The main reason for this is that brokers often arrange such contents where they distribute either cash or bonus prizes. In other words, if it is a great tool to compete within the trading community and win valuable prices. Participation in most of the FX contests is free, so it is certainly a great way to start trading and see how good your are in comparison to other trades. Often you can find some participation limitation, this is why it is handy to read our list of the best Forex championships and participate only in the verified contests that provide you with a great value for your time.
Who is behind Forex Trading Bonus?
We are a team of traders that have been in this industry for years. Our members have traded almost every single Forex trading bonus that you can imagine. Now, we feel that it is our turn to share our wisdom and experience with the whole trading community and make sure you do not make the same mistakes we did. We are open-minded people that are always willing to help you out and provide you with the tips and recommendations on the bonus selection, trading strategies and more. Read out to us by visiting our contact page and we will reply within 48 hours.
How can you help?
Our website is open for your ideas and for your experiences. We encourage every trader to comment on the Forex bonus deals he has tried and share the outcome with the rest of the readers. Remember, brokers’ terms and conditions, attitudes and Forex bonuses always change. This is why we would be happy to learn more about exactly YOUR experience. If you register for a certain bonus campaign through our site – please take a moment and comment about it. This is an ultimate way of creating the best Forex bonus list that can be trusted, so help us help you.
Forex Bonuses From Unregulated Brokers
As we all know, rules and regulations are one of the foundations of our society, and without these aspects – our entire civilization would crumble, and all the progress that we made would turn to dust. The global financial market is no exception to this fact, and when it comes to Forex trading and Forex bonuses, rules and protocols are immensely valuable. However, not all companies in the Forex trading sector are the same, and broker houses come in all shapes and sizes. Also, their intentions are different, and some organizations are entirely fair and professional while others are operating with malicious intent and they are luring people into scams and frauds.
Avoiding all these challenges can be a tricky task, and that is why it is necessary to learn a thing or two about foreign exchange before going deeper into the process and investing your hard-earned money. Our guide will cover all the elements that you need to know, and this will allow you to easily differentiate regulated brokers from unregulated ones, which can be a crucial factor in picking the right broker house for your needs. Also, you will learn why some brokers are choosing not to apply for a license and how their trading bonuses can be a good option for you after all.
The role of Forex bonuses
Companies that provide platforms for Forex trading are called brokers, and they are using all sorts of techniques and tactics to attract their customers. In other words, they are using those systems either as an enticement for traders to sign up with them or as a retention tool to keep them interested and active on the trading platform. One of their most used methods comes in a pretty straightforward form – a Forex bonus. What this exactly means is that the broker company in question will reward its clients with a particular amount if the trader fulfills a certain set of requirements.
Different broker houses have different definitions and ideas of what a bonus should be, and this can sometimes confuse the investors and cause a lot of headaches and frustration. However, the most common types of these “gifts” are called welcome bonus, deposit bonus, no deposit bonus, and so on. Also, come companies will offer VIP bonuses and various loyalty programs to their clients. All of these types of trading benefits can be useful and helpful, but only if they are issued in a proper manner, i.e. if they are not tied to elaborate terms and restrictions. Free money is always a good thing, but Forex bonuses from unregulated brokers are seldom coming for “free,” and you have to put a lot of effort in retaining those funds and use them as you would like.
How are Forex bonuses regulated?
As we already said at the beginning, rules and regulations are fundamental to the success of our overall society. The same applies to the financial world as well. And even though some brokers are opting for the opposite approach, the vast majority of them are applying for licenses and approvals from various regulatory bodies. When it comes to forex trading, the European jurisdictions are notorious for their strict and demanding protocols and procedures, which enables them to set high standards and to oversee the entire trading process. MiFID (Markets in Financial Instruments Directive) and CySEC (Cyprus Securities and Exchange Commission) are probably the best known regulatory agencies, but they are not the only ones. Either way, they are in charge of protecting the interests of the traders, and that is why most investors are reluctant to deposit their money if a broker house does not have a seal of approval from a regulatory agency.
Trading with unregulated brokers
Traders who are only interested in finding the trading benefits can often ignore the fact that a particular broker is not licensed. This behavior comes from the fact that some broker companies willingly refuse to apply for an audit by a regulatory body, even though they operate in a fully professional and transparent manner. The reason for this is simple – money. In other words, the process of gaining a license is pretty costly and time-consuming, which is something that most young companies are unable to afford. By skipping this step, they reduce their operating costs, and what is even more important when it comes to bonuses – they are left with extra cash that they can spend on their clients. Sounds like a win/win situation for both parties, doesn’t it? Traders get top Forex bonus deals, and broker houses save money and even attract more customers. However, things are not that simple, and the importance of a valid license in the forex trading world is immense.
The future of unregulated brokers
Because of the constant problems with unregulated brokers, CySEC has recently introduced a new directive, and this document will probably alter the market for good. Even though it is still too early to make any accurate predictions, it seems that bonuses from unregulated brokers are going to become a thing of the past. The history of Forex trading has seen a lot of scandals, and CySEC itself has issued several fines and even permanent bans to unregulated brokers, predominantly because of the malpractice when it comes to trading benefits that they offered to their clients.
The new CySEC directive was officially activated on December 15th, 2016, and this date could mark the end of days for Forex bonuses in general. Because the new directive will put more stringent terms on Forex brokers, these companies will be forced to operate in a more transparent manner. The actual purpose of the new regulation is to eradicate any ambiguity when it comes to Forex bonuses, and previous documents always left holes that could be misinterpreted.
Transparency and honesty
As a marketing tactic, Forex trading bonus under new EU regulation will probably “cease to exist,” but even if it somehow manages to survive and adapt to the new environment, things will not be the same. The loopholes in the legislation allowed unregulated brokers to withhold relevant information, and this was a major problem for clients who were new to the world of Forex trading. The biggest problem was contained in the fact that individual traders never understood what are signing for, and a lot of financial jargon was deliberately used to confuse them. After reading one of those terms & conditions documents, they would just give up and sign on the line just to get it over with. However, the trading volume that was required for the release of the trading benefit made the bonus misleading and even costly for the trader. Unfortunately, there were other problems, too.
For example, the withdrawal of the actual bonus often presented a problem when trading with unregulated FX brokers, and they used every trick in the book to prolong the withdrawal period or to entirely prevent clients from obtaining their funds. To be honest, not all unregulated brokers operate in this way, but the vast majority of them is following the same pattern, and this casts a dark shadow on the overall Forex trading world. That is why CySEC is trying to find a way to discourage such activities and to prevent scams and frauds altogether, and they are forcing brokers to disclose all information about their bonuses. Furthermore, all information regarding trading benefits needs to be presented in a clear and concise manner, which will eliminate misleading and ambiguity, and simultaneously – improve transparency and honesty in the Forex market.
Trading with unregulated brokers can be a risky and hazardous endeavor, and most experts are strongly against such a proposition. But, because of a particular set of circumstances, some brokers are still offering professional and fair services, without having a certificate from a reputable regulatory body. Elements such as the price of the license or the actual length of the process of acquiring the permit can affect the situation, and that is why traders could find good odds and lucrative bonuses with some unregulated brokers after all. However, changes in regulation and new directives in the EU market seem to be focused on protecting the interests of the individual traders, and it remains to be seen if Forex bonuses will survive this attack. Almost all brokers have used these trading benefits as a tool for enticement and retention, but it was evident that the “system” was not working, and that too many problems with terms and conditions of these bonuses had to be stopped. Hopefully, the situation will improve, and that the traders will have access to the best Forex bonus offers, which could help them grow their trading balance and consequently make higher profits.