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The best way to practice FX trading is when you actually have more possibilities and more funds available for trading – this is why you should get a Forex Trading Bonus Deposit offer. As you can easily guess from the name, a Forex deposit bonus is a payment that the broker gives to its clients in exchange for making a specific amount of deposit in the trading account. Usually, such promotions come either as a percentage of the deposited amount or a predetermined fixed amount of money.
Unlike No Deposit bonuses which do not contribute a big amount of money to your trading journey, many pro Forex traders decide to use deposit bonus offers to get an additional account balance and simply trade larger volumes. The bonus size can vary, depending on which broker you choose – in some cases the gift can go up to $5000 (however, you might find better offers as well).
Currently, traders might come across a lot of promotional offers available on the internet, but it does not mean that all of them are reliable. Professional Forex traders do not go for the highest Forex bonus that they see. They inspect every aspect of the offer, trying to find the bonus that can be considered trustworthy. The most important part is that you stay away from unregulated Forex brokers as you are going to trust them with your money – in that case, you must be sure that the trading environment is safe and your deposits are insured.
As we already mentioned, the Forex industry has a lot of bonuses to offer and it might not be an easy task for you to find the one that suits your interests the best. That’s why we decided to do research for you – By looking at the list below you can easily find the most trustworthy deals and save your money, time and nerves.
MT4, MT5, AvaTrade GO, AvaSocial, cTraders 100 USD 5,000$ MT4, MT5 N/A 0.01 Lots from $0.25 to $0.75 per lot MT4/WebTrader June 30. $100
AvaTrade
Size
Platform
Expiration
Min. volume
XM Group
Size
Platform
Expiration
Min. volume
Tickmill
Size
Platform
Expiration
Min. volume
A Deposit Bonus can be a good idea for a couple of reasons. The most important one is that it gives you extra cash to trade with. For a specific amount of deposit, the broker gives you a gift that can boost your trading performance and give you the ability to gain more profits. Additionally, with a deposit bonus, you need less capital to start.
When you start trading, it is important that you have a budget. Some traders have more to spend than others, however, with the help of deposit bonuses, you can spend less to get started with Forex. For instance, if you have $1000 and use a 50% deposit bonus, instead of $1000, your trading capital balance will be $1500. Generally, you are still depositing money you were going to spend but now you have more to trade with and increase the chances of having a more enjoyable trading experience.
All in all, a deposit bonus is a perfect choice for anyone who is on a budget and needs additional cash to boost his/her performance. That way, you will be able to trade more with less capital than was intended in the first place.
Like everything else in the world, a deposit bonus has another side as well. With the majority of Forex brokers, you might find out that such offers mostly come with specific requirements set by the company. That’s why we advise our readers to always read terms and conditions in advance, so they are fully aware of all the possible consequences.
The downhill of the Forex deposit bonus can be its minimum trading requirements. Some brokerage companies sometimes ask you to trade 1000 times what they gave you as a bonus which is not very good news, meaning that you might need to spend a lot of time and energy redeeming the bonus. And although mostly it is completely possible to meet the requirements within a day, it is still an unnecessary risk that you are kind of forced to take.
Once again, that is the main reason why you should always read the terms and conditions of a specific bonus, as it holds very important details about the offer including minimum trading and withdrawal requirements. In case you are looking for a beneficial deposit bonus offer that is on the side of traders, you can check out the XM Group’s 50$ Deposit Bonus which is up to $500 (or currency equivalent).
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