Forex bonuses and special offers are a great way to stretch your trading capital even further, and maybe even parlay these bonuses into bigger gains in your account.
There are many different types of bonuses and offers available online, from your standard deposit bonuses to more exotic offerings like demo and live trading contests. In this article, we’ll explore the options available to you to earn these bonuses and which ones are worth signing up for.
Beginners can also find information on our free Forex no deposit bonuses here.
Best Forex Bonuses and Offers:
Forex Deposit Bonus
The Forex deposit bonus is one of the most common bonuses offered by Forex brokers, and they offer this to attract more live account traders. Typically, this bonus is based on a fixed percentage of your deposit, and you will have to make a certain number of trades to be able to withdraw the full amount of this bonus to your account. Bonuses ranging anywhere from 10% to 100% are common, but as you can imagine it’s far easier to qualify to withdraw the 10% from your account than the 100%. The Forex deposit bonus is ideal for more experienced traders who are able to make stable, consistent gains in their trading.
One of the top Forex deposit bonus offers out there is given by IncoNeon, and you will have to open up a special account with them called the “Bonus 100%” account to receive this broker. They will match your deposit up to $2,000, and you can use this bonus for trading. Once you have closed at least 0.2 lots for every $1 they have paid you in bonuses, you can withdraw the full amount of your bonus with no limitations.
Forex No Deposit Bonuses (Free Sign-Up Bonuses)
As the name suggests, you won’t have to make a deposit to qualify for a Forex no deposit bonus. If you’re wondering why a broker would literally give money away, this serves to attract more interest in their services from Forex traders, and hopefully once these traders have tried out what they have to offer, they will stay on and continue to trade with them.
Typically, this bonus is normally quite low, ranging from $5-30, and you won’t be able to withdraw this bonus amount right away. Of course, you will be able to trade with it and earn profits with literally zero risk which is an attractive proposition for beginner traders in particular who want to get their feet wet without risking any capital. Once you have traded a certain amount, most brokers will allow you to withdraw the bonus, but of course you can withdraw the profits from your trading with no limitations.
IncoNeon also offers a Forex no deposit bonus where you can apply for a special account and receive a free $10 deposited on it after you have verified your identity. However, this free $10 can never be withdrawn, so you’ll only be able to withdraw the profit from your trading based on this $10.
Forex Trading Bonus
Another very common Forex bonus is called the Forex trading bonus, where Forex brokers reward their active traders by giving them cash bonuses for achieving a high trading volume. A Forex trading bonus is almost always paid as a fixed dollar amount, and is a very attractive option for high volume scalpers or day traders in the Forex markets.
The best Forex trading bonus that you can earn is from FXOpen. They pay you a $100 bonus once you have closed 10 standard lots in your account.
All in all, there are many other interesting Forex bonuses out there available for you to take advantage of to stretch your capital even further and add some extra profit to your bottom line, so do explore your options and pick the most attractive bonus for yourself.