GET FOREX BONUSES FOR TRADING

What advantages and disadvantages do forex bonuses bring you? For any of you are wondering about forex bonuses, here I have noted down some aspects about forex bonuses for traders to know how to withdraw the bonuses or how many types of bonuses on the market and even how to hack the bonuses through these types of bonuses.

Types of bonuses and their disadvantages

Welcome bonuses

This bonus is also called the non-deposit bonuses and all you have to do to get the bonuses is that you are a starting trader and open the account for the first time. Brokers will offer you 30-50 dollars for the opening. This type of bonuses is a good way for traders to learn more about this broker’s policies or to try out their trading to see they are in the right track. And

However, this bonus is too little for the traders that just trade a tiny account, which mean traders have to trade the larger account to win the huge benefit of bonuses. Besides, the withdrawal of this bonus is not easy and this kind of brokers is not safe to trade with.

Deposit bonuses

Traders that are trading with a broker or trader stopping trading can be the target of this bonus method. This method treats their client by checking their clients’ deposit and award them basing on this amount. This could be 20%, 50%, or even 100% under the deposit checking. By this, brokers make traders feel beneficial and want to put more money or reopen the account that is closed.

And this way of bonus also prevent their clients from withdrawal by some other complicated requirements and sometimes take traders’ bonuses away when they try to gain the profit.

Lot back bonuses

Lot Back bonuses are the rebated amount for each time trader finish one lot. This method sounds more interesting for traders because of that they can save more fees when trading.  Brokers check on the currency transacted and the point of trading time to offer the bonus and they also transact the bonus into the traders’ account for trading too. Considering this case, when traders deal with the currency of EUR/USD with an XM account, this broker gives trader 0.3 pip over 1.4 pip for each lot then the amount of spread after the bonus is only 1.1 pip for the spread rate.

Although Lot Back sounds quite good for traders there are still some difficulties on this. This bonus is based on the lots traded, so traders have to wait until they finish one lot to get the bonus. Therefore, traders need to transact a huge amount of money to get a lot of bonus or they have to wait for a very long time for the bonus.

Bonuses are not the top standard

Bonus can restrict trading cost or the margin but they are not something important that traders should base on to judge one broker. The best forex brokers are the largest ones with their reputation and credibility. And luckily, there are some brokers are reliable with perfect service and provide good bonuses for their clients. So, traders should hunt them down first- top five biggest forex brokers. Among them, choose the best bonus offering then then with them to be saved and more profitable.

Here I also have top forex brokers with amazing bonus givers:

First, about Welcome bonus, consider XM and FBS, they offer 30$ with the first one and 50$ for the second one

Then, in the case of deposit bonus, XM also provides 100% bonus over the deposit

And about the most favorite bonus- lot back bonus, Exness is offering 2-16$ for each lot

Withdrawing bonuses is not easy

Some of you may wonder that why the withdrawal process of bonuses are too complex. It is with the reason that there are some demands from brokers complete for the bonus withdrawal.

Some brokers have the required number of lots finished for drawing bonus. For instance, you are given 50$ for one lot you have just traded, then this 50$ will be transacted into your account to be traded. Until you win nine lots then the bonus will be withdrawn. But, if you do enough lots maybe you lose even more fees than the amount of bonus.

With another condition, some brokers do not allow you to draw the bonus but you have to wait until you gain some profit and be able to have the profit only.

Xem 5 sàn forex lớn trên thế giới

Trick to have more bonuses

Because of some features of welcome bonuses, many traders or cheaters take advantages of this and gain even more profit from bonuses. Using high leverage brokers is one way to hack the bonuses. Cheaters open a new account to have the high leverage. Thank to this leverage, they open more deposit to get deposit bonus. And withdraw the bonus by making an account with 50% winning the profit. So, they have profit and are allowed to withdraw. There is one other way that is from opening plenty of accounts to get welcome bonus for the first account. From many bonus, continue to trick to win an account by connect two account to have the opportunity to win by 50%.

Read more about Solution if you have failed in forex trading

From this article, I hope traders from everywhere know how to manage their bonus and decide which brokers have the best service on bonus for their trading strategies.