Are You Confused by All Those Tempting Forex Bonuses? Read our Helpful Guide

Top 3 Forex Brokers

*Not valid for EU traders, T&C apply

Top 3 Forex Brokers

*Not valid for EU traders, T&C apply
As soon as you start visiting various online Forex trading sites you’ll be aware of the most popular way that brokers attract new customers. Forex bonuses, special offers, and promotions are not there because brokers are feeling generous and want to give lots away. The truth of the matter is that even the best Forex bonus is just a marketing ploy to bring in new clients and to keep all those regular customers hooked on their services. Does that mean they are a bad thing and should be avoided? Absolutely not. Forex bonus offers are definitely worth considering and for some, it can be a great way to test the waters and see if Forex trading is a form of investment they are going to enjoy. The difficulty comes not in deciding whether to take advantage of one of the various bonus types but which one to choose and how to decide which top Forex bonus is for you. Whether you’re a seasoned trader or a complete beginner spend a few minutes reading our helpful guide and you’ll be in a much better position to decide.

Introducing Forex broker bonuses

Bonuses aren’t a new idea, in fact, many other industries make use of them on a regular basis, and to great effect. No wonder then that brokers have taken this on board and many now offer some very exciting promotions and special offers. A Forex bonus is basically a promotion offered by brokers that is designed to either attract new clients or to keep regular customers interested in a service. They come in many different shapes and sizes and quite often come completely free of charge. But don’t be thinking these Forex bonus brokers are giving away money without any kind of catch. There are usually some very strict terms and conditions that have to be adhered to if you want to qualify for the bonus or to make any kind of withdrawal. Our best piece of advice is to read these requirements very carefully and make sure you understand fully them before signing up for the latest bonus. If there is any part you’re not sure about then contact the broker and get them to explain. Bonuses are unique to individual brokers and are in no way transferable. However, on the whole, they fall into one of three categories.
Forex bonuses and profitWelcome bonus – This is one of the most popular bonus types and is aimed at new customers. It is a once only offer and customers who are already registered with the broker are not eligible to apply. Included in this category are sign up bonuses, welcome bonuses, and any special offers whose target audience is the new customer. And to quantify this a new customer is one who has never before registered, signed up or traded with the broker offering the bonus.
Regular bonus – The target audience for this category of bonus is one who has already registered with the broker and it is designed to keep them interested in the broker’s service. This type of bonus enables traders to take advantage of certain privileges or extras and are not normally available to new traders. There are certain terms and conditions that apply, but that shouldn’t come as a surprise. But they are not usually as onerous as those for welcome bonuses.
Third party bonus – Into this category fall refer a friend bonuses and there are a number of other different types. Generally, they involve a third party who acts between the trader and the broker.
It gets a little more complicated from here on in, as there are a number of different types of Forex bonus available.

No deposit bonus, deposit bonus and much much more

There are so many different types of bonus available that most traders will be able to find one worthy of their attention. We are unable to advise you on which one that is, as choosing the best Forex bonus is a very personal decision. What we can do is share all the relevant facts to allow you to make an informed decision. If you want to stay informed of all the latest bonuses you’re advised to read some of our Forex broker reviews as there is always a section that covers the latest promotions and special offers from the brokers we feature.
You will find one or more of the following Forex bonuses being offered on a regular basis. logo