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This is another typethe bonus offer that is available with the most of the brokers. Once you want to open an account, a broker can increase your deposit for a certain percentage. Find out more about this type of the bonus in this article. There are many Forex deposit bonus deals available to you, however, most of them are actually scams.
This is why you should only use our handpicked list of the best bonus offers on your deposit. We are only listing verified and trust bonus offers, so you can stay safe and trade stress-free. Even though it is not actually a bonus, we are still reviewing trading competitions on our site. The main reason for this is that brokers often arrange such contents where they distribute either cash or bonus prizes. In other words, if it is a great tool to compete within the trading community and win valuable prices.
Participation in most of the FX contests is free, so it is certainly a great way to start trading and see how good your are in comparison to other trades. Often you can find some participation limitation, this is why it is handy to read our list of the best Forex championships and participate only in the verified contests that provide you with a great value for your time. Premium services bonuses include educational services, daily analyses, exclusive trading tools eg.
We are a team of traders that have been in this industry for years. Our members have traded almost every single Forex trading bonus that you can imagine. Now, we feel that it is our turn to share our wisdom and experience with the whole trading community and make sure you do not make the same mistakes we did. We are open-minded people that are always willing to help you out and provide you with the tips and recommendations on the bonus selection, trading strategies and more.
Read out to us by visiting our contact page and we will reply within 48 hours. Our website is open for your ideas and for your experiences. We encourage every trader to comment on the Forex bonus deals he has tried and share the outcome with the rest of the readers.
This is why we would be happy to learn more about exactly YOUR experience. If you register for a certain bonus campaign through our site — please take a moment and comment about it. This is an ultimate way of creating the best Forex bonus list that can be trusted, so help us help you. As we all know, rules and regulations are one of the foundations of our society, and without these aspects — our entire civilization would crumble, and all the progress that we made would turn to dust.
The global financial market is no exception to this fact, and when it comes to Forex trading and Forex bonuses, rules and protocols are immensely valuable. However, not all companies in the Forex trading sector are the same, and broker houses come in all shapes and sizes. Also, their intentions are different, and some organizations are entirely fair and professional while others are operating with malicious intent and they are luring people into scams and frauds. Avoiding all these challenges can be a tricky task, and that is why it is necessary to learn a thing or two about foreign exchange before going deeper into the process and investing your hard-earned money.
Our guide will cover all the elements that you need to know, and this will allow you to easily differentiate regulated brokers from unregulated ones, which can be a crucial factor in picking the right broker house for your needs. Also, you will learn why some brokers are choosing not to apply for a license and how their trading bonuses can be a good option for you after all. Companies that provide platforms for Forex trading are called brokers, and they are using all sorts of techniques and tactics to attract their customers.
In other words, they are using those systems either as an enticement for traders to sign up with them or as a retention tool to keep them interested and active on the trading platform. One of their most used methods comes in a pretty straightforward form — a Forex bonus. What this exactly means is that the broker company in question will reward its clients with a particular amount if the trader fulfills a certain set of requirements.
Different broker houses have different definitions and ideas of what a bonus should be, and this can sometimes confuse the investors and cause a lot of headaches and frustration. Also, come companies will offer VIP bonuses and various loyalty programs to their clients. All of these types of trading benefits can be useful and helpful, but only if they are issued in a proper manner, i. As we already said at the beginning, rules and regulations are fundamental to the success of our overall society.
The same applies to the financial world as well. And even though some brokers are opting for the opposite approach, the vast majority of them are applying for licenses and approvals from various regulatory bodies. When it comes to forex trading, the European jurisdictions are notorious for their strict and demanding protocols and procedures, which enables them to set high standards and to oversee the entire trading process.
Either way, they are in charge of protecting the interests of the traders, and that is why most investors are reluctant to deposit their money if a broker house does not have a seal of approval from a regulatory agency. Traders who are only interested in finding the trading benefits can often ignore the fact that a particular broker is not licensed. This behavior comes from the fact that some broker companies willingly refuse to apply for an audit by a regulatory body, even though they operate in a fully professional and transparent manner.
The reason for this is simple — money. In other words, the process of gaining a license is pretty costly and time-consuming, which is something that most young companies are unable to afford. By skipping this step, they reduce their operating costs, and what is even more important when it comes to bonuses — they are left with extra cash that they can spend on their clients. Traders get top Forex bonus deals, and broker houses save money and even attract more customers.
However, things are not that simple, and the importance of a valid license in the forex trading world is immense. Because of the constant problems with unregulated brokers, CySEC has recently introduced a new directive, and this document will probably alter the market for good.
Even though it is still too early to make any accurate predictions, it seems that bonuses from unregulated brokers are going to become a thing of the past. The history of Forex trading has seen a lot of scandals, and CySEC itself has issued several fines and even permanent bans to unregulated brokers, predominantly because of the malpractice when it comes to trading benefits that they offered to their clients.
The new CySEC directive was officially activated on December 15th, , and this date could mark the end of days for Forex bonuses in general. Because the new directive will put more stringent terms on Forex brokers, these companies will be forced to operate in a more transparent manner. The actual purpose of the new regulation is to eradicate any ambiguity when it comes to Forex bonuses, and previous documents always left holes that could be misinterpreted.
The loopholes in the legislation allowed unregulated brokers to withhold relevant information, and this was a major problem for clients who were new to the world of Forex trading. The biggest problem was contained in the fact that individual traders never understood what are signing for, and a lot of financial jargon was deliberately used to confuse them. However, the trading volume that was required for the release of the trading benefit made the bonus misleading and even costly for the trader.
Unfortunately, there were other problems, too. For example, the withdrawal of the actual bonus often presented a problem when trading with unregulated FX brokers, and they used every trick in the book to prolong the withdrawal period or to entirely prevent clients from obtaining their funds. To be honest, not all unregulated brokers operate in this way, but the vast majority of them is following the same pattern, and this casts a dark shadow on the overall Forex trading world.
That is why CySEC is trying to find a way to discourage such activities and to prevent scams and frauds altogether, and they are forcing brokers to disclose all information about their bonuses. Use these bonus funds as your own funds. Open an Account.
Trading Conditions. Trading Platform. Forex Trading: an Interactive Tutorial. Forex encyclopedia. Fresh Forecast. Huckster Forex Advisors Shop. Forex No Deposit Bonus. How to get no deposit bonus There are many brokers represented in the Forex market, and each of them may offer different terms to get the bonus. No deposit bonuses benefits No deposit Forex bonus is a strong tool that assists the broker to attract new clients.
The main advantages are obvious: Forex trading without deposits; chance to test yourself in trading; chance to try out trading strategy; real opportunity to earn. No deposit Forex bonus types: There are several types of no deposit Forex bonuses: Sign-up bonus. The bonus funds are credited to the new clients, and the risks are equal to zero. To get reward a trader should only sign up. To get these bonus funds a client should verify personal data. Conditional no deposit bonus. Common mistakes of novice traders To make profit with the bonus help, take it seriously.
Be prepared to verify your personal data. You needn't worry about official verification. Conversely, it reflects the broker seriousness. Use a fast profitable strategy to work the bonus off. The correct strategy is important not only for working off the bonus, but also for the further trading work.