Best brokers with trading promotions and bonuses
Best broker with trading promotions and bonuses - RoboForex
Best brokers with trading promotions and bonuses
RoboForex — Offers up to 30 USD Welcome Bonus and up to 120% Deposit Bonus based on trading volume.
Tickmill — Provides a $30 Welcome Account and rebates through the 'Get Paid to Trade' promotion.
Pocket Option — Features a 50% Bonus on first deposits and a No Deposit Bonus for beginners.
AAFX — Showcases a 35% Welcome Bonus on the initial deposit for forex and CFD trading.
VantageFX — Presents a tiered Deposit Bonus with potential bonuses up to $20,000 on larger deposits.
InstaForex — Boasts a $1,000 no-deposit StartUp Bonus and deposit-matching bonuses up to 100%.
Brokers offering attractive trading promotions can help both novice and experienced traders enhance their capabilities in the financial markets. With competitive promotions continuing to entice, it pays for investors to research the options and select partners prudently. This comprehensive guide aims to inform readers of some of the top brokers providing useful trading incentives while outlining important considerations for participation. The featured companies cover a range of incentives from sign-up bonuses and deposit matches to cashback programs and no-risk demo contests. However, along with opportunity arrives responsibility, as terms and conditions accompanying such promotions necessarily carry certain caveats and stipulations for compliance. With grounded assessments of both upsides and downsides for each, this impartial review strives to empower readers in making enlightened choices regarding some of the industry's most appealing current promotional offerings.
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How is bonus turnover calculated?
Based on both open and closed positions. Losses do not reduce the required turnover amount.
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How long do I have to complete bonus turnover requirements?
It varies by broker but commonly 30 days.
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How long do I have to start trading after receiving a bonus?
Common periods range from 3 to 7 days to begin trading the bonus funds otherwise it may expire.
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Which markets have the highest impact on bonus turnover?
Higher leverage products like Forex and CFDs on cryptocurrencies tend to have the most impact on bonus turnover requirements.
Rating of Forex Brokers with Trading Promotions
Disclaimer:
all bonuses are available only to residents of countries where such promotions are not prohibited.
| Broker’s name | Trading Promotions | Conditions for obtaining |
|---|---|---|
Welcome Bonus, Deposit Bonus, Profit Share Bonus, Forex Cashback Service, VIP Client Program |
To get Bonus from RoboForex: |
|
Welcome Bonus, Trading rebates, “Trader of the Month” and Non-Farm Payroll competitions |
To get a bonus from Tickmill: |
|
Welcome and No-Deposit Bonuses, YouTube Video Contest |
To get Pocket Option bonus: |
|
Welcome Bonus |
To get a bonus on AAFX: |
|
Welcome Bonus |
To get a bonus on VantageFX: |
|
Welcome and No-Deposit Bonuses |
To get InstaForex bonus: |
Top trading promotions review
RoboForex
RoboForex offers a comprehensive suite of bonuses and promotions for traders at various levels. For newcomers, there's a Welcome Bonus of up to 30 USD, which requires account verification. This is a great way to start trading without a significant financial commitment. For those willing to invest more, RoboForex offers a Deposit Bonus of up to 120%, calculated based on the amount you deposit into your trading account.
If you're an active trader, you can benefit from the Profit Share Bonus of up to 60% on your deposited funds. Additionally, there's a monthly bonus of up to 10% on your account balance, which is dependent on your trading volume. Forex Cashback Service offers a variable bonus between 5% and 15% based on trading volume. High-net-worth individuals with a balance of more than $3,000 can avail themselves of the VIP Client Program, which offers additional perks and benefits.
To claim these bonuses, you need to open a trading account that is either MetaTrader 4 or MetaTrader 5-based. Account verification is mandatory for eligibility. Once verified, you can go to the 'Funds' tab in your Members Area to select and claim your bonus. It's crucial to understand the withdrawal conditions; for example, the Welcome Bonus is not withdrawable, but the profits you make from it are. Always watch RoboForex's promotions page for temporary promotions and ensure you're eligible based on your country of residence.
Tickmill
Tickmill offers a variety of promotions designed to suit traders of all experience levels. The $30 Welcome Account is perfect for new traders, allowing them to explore the Tickmill platform risk-free. For more seasoned traders, the 'Get Paid to Trade' promotion offers rebates based on trading volume, ranging from $0.25 to $0.75 per standard lot.
The 'Trader of the Month' is a monthly competition that awards a $1,000 prize to the best trader, providing an additional incentive for high performance. Tickmill’s NFP Machine allows traders to guess the value of a specific financial instrument after the Non-Farm Payroll release, offering a chance to win up to $500.
To avail of these promotions, you must open an account and complete the verification process. Once verified, you can claim the $30 Welcome Account or participate in other promotions by depositing the minimum amount. It's important to note that the $30 Welcome Account is available for 60 days, after which you can claim profits by depositing a minimum of $100. Rebates from the 'Get Paid to Trade' promotion can be withdrawn or used for trading. However, these promotions are only available in some countries, so check your eligibility.
Pocket Option
Pocket Option offers a range of bonuses tailored to both new and experienced traders. New clients can avail themselves of a 50% Bonus on their first deposit of more than $50. For those new to the platform, the No Deposit Bonus is an excellent way to start trading without any financial risk.
For the creative types, the Youtube Video Contest allows traders to compete by uploading trading-related YouTube videos, with the most viewed video winning a prize of up to $120. Additionally, various promo and referral codes are available, such as the "50Start" code, which provides a 50% bonus on the first deposit.
To claim these bonuses, you need to open and verify a trading account on the Pocket Option website. Once verified, you can access the 'Promo and bonuses' section to claim your chosen bonus. For the No Deposit Bonus, you'll need to contact Pocket Option support. Withdrawal conditions vary; for instance, the 50% deposit bonus requires a total trading amount exceeding $2500 for withdrawal. Always check your eligibility based on your country of residence.
AAFX
AAFX offers a straightforward yet attractive Welcome Bonus Promotion with a 35% bonus on your initial deposit into your first live trading account. This bonus aims to enhance your forex and CFD trading experience by offering extra trading and margin support funds.
You must first open a live trading account with AAFX to claim this bonus. After reading and accepting the Terms and Conditions, you must deposit a minimum of 500 EUR/USD to qualify for the 35% bonus. Claiming your bonus via email or chat support after making the deposit is recommended. Note that if you start trading before the bonus is credited, you won't be eligible for the bonus.
The bonus comes with specific terms and conditions. It must be claimed within 24 hours of making the qualifying deposit and is intended solely for trading and supporting your margin. It's not withdrawable. If you initiate a withdrawal or internal transfer, the bonus amount will be deducted from your account. AAFX reserves the right to modify or cancel the terms at any time, so it's crucial to stay updated.
VantageFX
VantageFX offers a deposit bonus promotion designed to enhance your trading power. The bonus structure is quite flexible, offering a 50% bonus on deposits of $500 and $1,000. For larger deposits like $5,000, you get a mixed bonus: a 50% bonus on the first $1,000 and a 10% bonus on the remaining $4,000, totaling a $900 bonus. For an even more substantial deposit of $196,000, the mixed bonus can go up to $20,000.
To avail of these bonuses, you must open a live trading account with VantageFX, which offers leverage up to 500:1 and RAW ECN spreads starting from 0.0 pips. After setting up your account, you can opt-in for the deposit bonus via your client portal. The bonus is automatically calculated and credited based on your deposit amount.
However, it's essential to note that deposits should preferably be made via Bank Transfer or Credit Card. VantageFX reserves the right to disqualify clients who deposit through e-wallets or digital coins like USDT, Neteller, and Skrill.
InstaForex
InstaForex offers a diverse range of bonuses to suit new and existing traders. The InstaForex StartUp Bonus is a no-deposit bonus that credits $1,000 to your trading account, making it ideal for beginners. For those willing to deposit, the InstaForex 100% Bonus matches your deposit up to 100%, with a maximum limit of $2,000. Other bonuses include the InstaForex 55% Bonus and the InstaForex 30% Bonus, which are credited based on your deposit amount.
To claim these bonuses, you must open and verify a new InstaForex account. For the 100% Bonus, log in to your InstaForex Client Area and go to 'Financial operations' to make a deposit. The bonus will be credited accordingly. For the 55% and 30% Bonuses, you'll need to make a deposit and request the bonus, which will be credited based on your trading volume.
It's important to note that these bonuses are generally not withdrawable, but profits from trading with the bonus are. For the StartUp Bonus, the bonus will be canceled once you deposit funds.
What is a trading promotion?
Trading promotion is a marketing strategy used by B2B companies to attract more customers. These activities can include promotional discounts, financial rebates, and competitions. For example, a company that produces cat food will likely focus on retail stores that sell pet products, while a company that creates room keys may work with resorts and hotels exclusively.
The main types of trading promotions
Welcome/sign-up bonuses. These are bonuses offered to new clients who open an account with the broker. They are usually a percentage of the initial deposit or a fixed amount.
Deposit bonuses. These are bonuses when depositing money into your trading account. They are usually a percentage of the deposit amount.
No-deposit bonuses. These bonuses are given without a deposit, allowing traders to start trading risk-free.
Cash back/rebate programs. These programs offer cash back or rebates on trading volume or losses.
Commission discounts. Some brokers offer reduced commissions as a part of their promotional activities.
Free trades. Specific promotions offer several free trades when you open a new account or deposit a certain amount.
Seasonal promotions. These are time-limited offers during certain seasons or events.
Pros of trading promotions for beginners
Initial capital boost. Bonuses can boost initial capital, allowing you to take larger positions.
Lower trading costs. Cashback and rebates can effectively lower the cost of trading.
Motivation and engagement. Bonuses can motivate traders to engage more with the platform.
Higher profits. With more capital, traders have the potential for higher profits.
Top reasons to be cautious trading promotion
Trading promotions can be enticing, especially for newcomers eager to maximize their initial capital. However, there are several crucial reasons to be cautious too.
Firstly, some brokers introduce stringent restrictions on capital withdrawals when a bonus is involved. This can tie up your funds, making it challenging to access your money when needed.
Secondly, transparency is paramount in the world of trading. If a broker is unclear about its bonus terms and conditions, it's a red flag. Ambiguous terms can lead to misunderstandings, potentially resulting in financial losses or disputes.
Moreover, the legitimacy and regulation of the broker should be a top consideration. If a broker isn't regulated or operates outside the legal framework, declining any promotions they offer is advisable. Engaging with unregulated brokers exposes traders to unnecessary risks, including potential fraud. In summary, while trading promotions can be attractive, it's essential to prioritize safety, clarity, and the broker's credibility before accepting any offers.
Can I get trading promotions in my country?
Trading promotions are a significant lure for both novice and experienced traders, but their availability can vary dramatically depending on regional and national regulations. In countries like South Africa and many others across Africa and Asia, the regulatory environment is relatively lenient, allowing brokers to offer a wide range of bonuses and promotions. This flexibility provides traders in these regions with numerous opportunities to benefit from promotional offers, thereby enhancing their trading capital and overall experience.
Forex bonuses are not allowed in US, UK and EU; however, other promotions are. These promotions encourage traders from US, UK, and EU. The promotions vary in each country. For example, in US, many brokers offer free stock promotions. Moreover, brokers also offer contests, discounts, and affiliate prgrams to encourage the traders.
For example: Interactive Brokers, which operates in the USA, offers a promotion where new customers can receive up to $1,000 in IBKR stock. Existing customers are also incentivized with a $200 payout for each successful referral. To check whether you can get promotions in your country, you must select a broker which is legal, regulated and offers trading promotions in your country.
Team that worked on the article
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Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.