There are many forex companies in the market in this age. It is essential to know everything about the companies in and out and also the fact whether they provide forex deposit bonus, forex no deposit bonus, welcome bonus etc. and which one could work out best for you. A proper understanding of all these bonuses is essential in choosing the right trading firm. All brokers in today’s market provide different bonuses, promotions, special offers etc that attract potential clients, and for the client it is very necessary to know what firm is trying to dupe them and which one is real.
A welcome bonus is provided by most forex trading firms. The forex deposit bonus could range between 15% and 50% of the original investment. It is a very effective marketing tool employed by most forex trading firms, and the most popular bonus type. The positive fact about bonuses is that is increases the money available for trading. Additionally, the bonus is transferred to the account very quickly, mostly in a day, so it is given more priority in choosing a forex firm, based on the bonus is provides and how quickly it does that.
The forex no deposit bonus is a great way to test the platform of the broker and see the live quotes and spreads first hand. An important fact to note is that the forex no deposit bonus can be withdrawn only when certain terms and conditions of the broker are met. Like trading a certain volume, or making some additional deposits before the money can be withdrawn, are requirements that could be placed by broker. With this type of bonus, participants get a small amount of money to start trading with, without having to actually deposit any real funds.
There are also other types of bonuses, besides the forex deposit bonus. As forex brokers are constantly trying to attract new clients, and one way to do this is to offer a friend referral bonus to their existing client base. If the participant invites a friend using a friend referral program, and he opens an account and deposits money, both the participant and the friend will get additional funds into your trading accounts, for example $50 or $100. Again, there are certain terms and conditions that have to be met in order to withdraw the bonus, like reaching a certain trade volume.
Additionally, some brokers could offer special promotions or incentives which may be awarded for different reasons. For example, participants could get a free eBook, or Forex course, free trading signals, an expensive mobile phone, or even a car. Another bonus program that is becoming more and more popular offers gift cards that are credited with redeemable points each time deposit trading funds are out into the Forex account. All in all, there is certain forex deposit bonus which participants are on the lookout for, but there are alternative bonuses as well, which serve participants better. These criteria could be used to select the broker that could best suit your needs.