FXCM $25 Welcome Bonus review – What’s in it for you?
FXCM or Forex Capital Markets Limited is a famous Forex broker serving international traders for quite some time now. FXCM is regulated and authorized by the Financial Conduct Authority in the United Kingdom. The broker provides an opportunity for commission-free trading with a single account on multiple financial markets. Traders can invest in cryptos, Forex, shares, or commodities.
Every Forex broker needs some kind of promotion in order to either retain or get new customers eventually. The FXCM Welcome bonus promotion serves exactly that purpose, but contrary to similar promotions elsewhere, the free $25 bonus will apply to both existing as well as new customers.
In this FXCM Welcome Bonus review, we will talk about the amount of the bonus, the terms and conditions to get it, and whether or not it is worth it as it is right now.
Please consider that this bonus only applies to customers from Angola, Botswana, Gambia, Ghana, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Sierra Leone, South Africa, Swaziland, Tanzania, Uganda, and Zambia
Looking for a better option? Try XM now!
Terms and Conditions for the FXCM bonus
As already mentioned, this bonus promotion applies only to the African market, which is why we classify it as the FXCM deposit bonus South Africa market uses the most. If you’re not from one of the countries listed above, you won’t be able to apply for it.
But let’s set aside the geographic details of the bonus and focus on the amount you will be given, and whether or not the FXCM $20 deposit bonus is worth it compared to existing options in the FX market.
How much will you get?
FXCM will offer $25 to existing and new customers on its platform. In order to qualify for the bonus, you will have to deposit a minimum of $50 when creating an account.
Because of this, we need to classify this promotion as a Deposit Bonus, rather than FXCM no deposit bonus. You see, a welcome bonus usually doesn’t require the customer to dedicate any funds in the beginning, a small sum is simply given to them straight away with conditions of trading a specific amount by the deadline in order to then withdraw all of the profits received from those funds.
This is how XM does it, which is the more preferred version if we simply look at the volume of traders applying for it. Even traders from the countries we’ve listed above. Also, consider the fact that XM offers more money for which they don’t ask you to deposit anything.
Get your 50% + 20% deposit bonus with XM
Can you withdraw these funds?
Unfortunately, this $25 is not withdrawable at any given moment. They are classified as losable funds though, which means that if you lose them during a trade, the broker will not request compensation or anything.
But, having the possibility of withdrawing them after trading a certain amount of funds would be much more welcome here.
Is the FXCM deposit bonus worth it?
If this was the first time you encountered a deposit bonus promotion, then it might seem like a great idea as you’d be getting nearly half of your deposit for free.
But comparing this FXCM deposit bonus review to the other promotions we’ve done in the past, it immediately becomes obvious that there are better options available for traders. Sure, the industry-standard bonuses may require you to trade a specific amount before the deadline, but considering that you will be able to withdraw those funds in the end, makes up for the inconvenience.
Furthermore, this FXCM bonus has a deadline before the 31st of December 2021, while other promotions are almost always live.
In the end, we’d say that FXCM is not the best option to go for, but you have no other choice, then it’s as decent as it gets.