Forex trading bonus is said to be as an unvarying trading advancement on a specific forex trading website that is made available to both new forex traders (customers) or to an existing/ already registered forex trader. Without little or no payment/money involvement, these forex trading bonuses can be accessed by various forex traders. All that is required is a trading account opening and registration with the desired trading website and that is it, the money becomes yours.
Forex brokers are known to offer forex trading bonus. Their primary aim for giving out forex trading bonuses is to recruit new customers. Due to the though system of forex trading regulations, only a few numbers of forex brokers actually give out promotions like that of a forex trading bonus. These bonuses are not seen as free cash form the forex brokers but viewed as a form of boundary that enables forex traders to increase their number of trades. In most times, a forex trading bonus can only be given to a forex trader if he/she fulfills the required volume of trade expected by the forex broker.
EXAMPLES OF FOREX TRADING BONUS
FOREX DEPOSIT BONUS
Forex deposit bonus as a type of forex trading bonus is a forex bonus that requires a trader to make deposits in his/her trading account before obtaining a bonus. This type of forex trading bonus is closely related to daily regular deposits made by different individuals. It is made available to customers provided a trading deposit is made at the beginning of the forex trade or at the next phase of the trade. The first step to getting a forex trading bonus is to make a registration on the chosen website. For example, if the basic requirement involves the deposit of 200 dollars for a 200 dollars deposit bonus, it signifies that the forex trader will have 400 dollars for the commencement of his/her trades. Another example of a deposit bonus is if a registered forex trader receives 30 percent of his deposited money back.
NO DEPOSIT FOREX BONUS
In no deposit bonus, unlike the deposit bonus, no deposit is needed. The forex broker automatically gives the forex trader the ability to trade on the chosen website without any money risk and at the same time, get his bonus without any form of deposit. This bonus comes as a reward in form of cash used to make first forex trades. This form of forex trading bonus is great and very logical in that it involves no risk nor any form of investment.
WELCOME FOREX BONUS
This type of forex trading bonus is a no deposit or an ordinary deposit bonus given only to new customers (forex traders). They are strictly meant for new customers in that, old and regular forex traders have no form of access to it. This form of forex bonus has a reputation for attracting new customers and gives them the opportunity to check out the functionality of a broker without risking a lot of money.
REGULAR CUSTOMER FOREX BONUS
Regular customer forex bonus is a forex trading bonus meant for old, consistent and loyal forex traders who regularly trades with a particular website. Full commitment on a very long scale is a principal notion for the award of this type of forex trading bonus. A forex trader's trading experience and knowledge on the website is the criteria for the award of the forex bonus.
WAYS IN WHICH FOREX BROKERS OFFER FOREX TRADING BONUS
Forex brokers that offers forex trading bonus on deposit have in their possession a set of pre-defined bonuses which are given as a part of the trading account deposit. The only requirement for a forex trader is to choose a trading account type, make the required deposit amount into the trading account and the bonus is being awarded automatically. Most forex broker that offer forex trading bonus requires forex trader to access their promotions or bonus by signing up for a forex trading account through associate partners. Forex trading bonuses awarded through this method of registration are referred to as special bonuses and they cannot be gotten directly from the forex broker’s website. Other sets of forex broker that offer forex trading bonus require the forex trader to bargain on the forex trading bonus with their account officers. In conclusion, a forex trader should have the ability to look out for the different forms of forex promotions and bonus offered by forex brokers in which they registered with. In most cases, a forex trader’s current trading company have the capacity to offer exceptional promotions that are specifically intended for their customers. A loyal forex trader can also qualify for a good reward or bonus which can be added to his trading account and withdrawn without any form of restriction.