10 Best Brokers with Welcome Bonuses for Forex trading in 2024
The best Forex broker with welcome bonus is RoboForex
The Best Forex Bonuses 2024, according to Traders Union experts, are:
RoboForex - best $30 No Deposit Bonus
Pocket Option - Welcome bonus in the amount of 50% of the first replenishment
XM Group - 100% Welcome Bonus
Tickmill - $30 No Deposit Bonus
NPBFX - $100 no-deposit bonus
Foreign currency trading (Forex) attracts new investors since it is a large global market with low transaction costs and many other benefits. In order to access the market traders need to open a Forex brokerage account. There are many brokers to choose from which can make it confusing especially for newer Forex traders. Traders Union can help.
As a trader, you need to have some clarity as to what you are looking for and then pick one that makes it easy for you. Further, a number of brokers offer bonuses that you should look to benefit from.
In this article, we’ll learn about the best Forex brokers with bonuses. Let’s start with the basics.
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How do I claim a bonus from a Forex broker?
Eligibility and claiming processes vary by broker but generally involve opening an account, making a qualifying deposit, and requesting the bonus through your client portal or contacting support.
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Can I withdraw my bonus money?
In most cases, bonus money itself cannot be withdrawn. However, any profits generated from trading with bonus funds can usually be withdrawn once specified volume requirements are met.
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Is trading with bonuses riskier than normal accounts?
Using bonuses can incentivize greater risk-taking as your account balance is artificially inflated.
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Do bonuses expire if not used immediately?
Yes, most broker bonuses come with an expiration date, often 30-90 days after being credited.
Do you prefer watching videos? Then watch the video summary of this article.
Below you will find all the information.
What is a Forex Bonus?
Brokerage companies use forex bonuses as promotional offers to attract new traders. The Forex bonus is either a fixed amount or a percentage of the initial deposit, and traders are usually allowed to access it as soon as they open an account, make a deposit, or start trading.
Rating of Forex Brokers with Bonuses
Each year every Forex broker company offers new and exciting bonuses to entice customers. Most brokers usually only give forex bonuses to new customers, but some go so far as to provide bonuses on every account reload.
But know that you’ll have to fulfill some conditions to be eligible for bonuses. These criteria vary from one Forex company to another, so make sure you study them before signing up.
This year’s top 10 Forex brokers with bonuses are:
| # | Broker | Type of bonus | Value | Key details | Regulation | Bonus |
|---|---|---|---|---|---|---|
1 |
|
Welcome Bonus |
$30 |
To get a bonus from RoboForex: ● Open an account. ● Verify the account. ● Deposit at least 10 USD. |
CySec, IFSC |
|
2 |
|
No-deposit bonus |
$50 |
To Get Bonuses: ● open an account; ● verify the account; ● click on Promo and bonuses (Get 50% Bonus); ● сhoose payment system for investment; ● сontinue to deposit the money and check your account balance. |
IFMRRC |
|
3 |
|
Welcome Bonus |
100% up to $5000 |
To get a bonus from XM: ● Open an account. ● Deposit $5. ● Trade at least 1 lot to earn every $10. |
CySEC, ASIC, IFSC |
|
4 |
|
No-deposit bonus |
$30 |
To get a bonus from Tickmill: ● Register an account with Tickmill. ● The welcome bonus will be added automatically after the application is approved. ● The welcome bonus account will have $30 in it. Trading limitations: ● EA trading is not allowed. ● The bonus is valid for 90 days. How to withdraw the profit: ● A minimum of $30 and a maximum of $100 profit can be transferred to a live MT4 trading account. ● One client is limited to one request for profit transfer only. ● Open a live MT4 account with at least $100 deposited into it. |
FCA (UK), CySEC (Cyprus), FSCA (South Africa), LFSA (Labuan), SFSA (Seychelles) |
|
5 |
|
Loyalty program |
$100 |
To get a bonus from NPBFX: ● Sign up for NPBFX loyalty program and start getting not only profit from trading or investing in financial markets, but also gifts for all your trades! |
ASIC (Australia), FCA (UK) |
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6 |
|
100% DEPOSIT BONUS |
100% for first deposit |
To get a bonus from Forex4you: ● Choose the bonus level at the time of funding your trading account ● The bonus is added instantly to your account in the form of a trading credit |
BVI FSC |
|
7 |
|
No-deposit bonus |
$1000 |
How to get it? Open a new account using the promotional form online and fully verify it. Withdrawal: The bonus cannot be withdrawn; only profits can be withdrawn after trading X * 3 InstaForex lots, where X — is profit volume (1 InstaForex lot = 0.1 Forex lot) Also, as paragraph 6 claims: "The Client agrees that in some cases the company can ask him to replenish his account with real funds". |
BVI FSC |
|
8 |
|
Welcome Bonus |
20% to first deposit from $1000 |
This promotion is available to non-EU clients only To get a bonus from AvaTrade: ● Open an account. ● Deposit $1000. ● Get 20% to Deposit. |
CBI, FSC, ASIC, FSP, FSA |
|
9 |
|
Deposit Bonus |
Double your trading deposit |
To get a bonus from AMarkets: ● To activate the bonus, please contact customer support. |
FSA |
|
10 |
|
No-deposit bonus |
$140 |
How to get it? Open a new MT5 account and request it. Withdrawal: Yes, after trading 5 lots for 30 days. |
CySEC (Cyprus) |
Top 6 Forex brokers with bonuses
Are you looking for the top 6 Forex brokers with bonuses? You have lots of options. However, some platforms make receiving this bonus far more difficult than others. On the one hand, some platforms require you to make a deposit to receive a bonus. However, others do not. Here is a look at our top 6 picks.
RoboForex
RoboForex offers a $30 no-deposit bonus. This makes it possible to receive Forex for trading by simply joining the platform. The platform also has a promotion running from July 2022 to April 2023. They’re giving away a total of $1,200,000 to an array of random customers. Each month they will be giving away 64 prizes up to $20,000.
Pocket Option
Pocket Option offers various bonuses and promotions to its customers. One of the most popular bonuses is the risk-free trade, which allows traders to make a trade without risking their own money. Another bonus is the 50% bonus on the first deposit, which adds up to the deposit to increase the available funds for investment. Pocket Option also provides its clients with a no-deposit bonus of $50, which means that traders receive funds without depositing any money into their accounts.
XM Group
If you’re looking for the best brokers with welcome bonuses, XM is an excellent choice. The platform offers a $30 no-deposit Forex bonus. Investors can also receive up to $5,000 in Forex deposit bonuses. The minimum deposit is $5, and investors receive half of their original deposit as a bonus, up to $5K. The sign-up bonus is equal to R 480.00 ZAR at the current exchange rate between the US Dollar and the South African Rand.
In addition, XM provides traders with a 10-year anniversary promotion to the value of $1,000,000 until 30 June 2023.. XM will choose a random account every month, providing traders with the chance of winning various prizes.
XM Bonus Programs - How to Get Up to $5.000Tickmill
On the other hand, Tickmill offers a sign-up bonus. This platform offers a $30 welcome bonus for Forex traders. This is also a no-deposit bonus, meaning you don’t have to make a deposit in order to receive the bonus.
Tickmill Bonus - How to Get No Deposit Bonus $30NPBFX
NPBFX, with its history dating back to 1996, has firmly established itself in the Forex industry. Over the years, it has been committed to serving traders, regardless of their experience level. One of its standout offerings is the $100 no-deposit bonus.
This initiative is particularly attractive for newcomers, allowing them to delve into Forex trading. By doing so, NPBFX ensures that novices have a platform to familiarize themselves, gain practical insights, and embark on their trading journey with the confidence and the backing of a seasoned broker.
Withdrawal conditions:
Profits resulting from the NPBFX no-deposit bonus can be pocketed. To do so:
Complete 100 lots of trading.
The maximum withdrawal is capped at $200, but to achieve this, 200 lots of transactions are necessary.
This is a one-time bonus withdrawal opportunity.
Forex4you
Lastly, Forex4you offers traders a deposit bonus that enables traders to earn from 5% up to 100% back on their deposit. There is no limit on how much traders can deposit, and there is also no minimum deposit indicated either. This means that you can earn the bonus without a minimum deposit.
Forex4You Bonus - How to Get 100% Deposit BonusRoboForex - Best Broker with Forex Bonuses
According to reviews on the TU portal, RoboForex offers the best bonus programs among Forex brokers today. Let's consider the main bonus programs of the broker in 2024.
1. Deposit Bonus
You can receive up to 120% deposit bonus from RoboForex for every account replenishment, which will dramatically increase your trading volume and earn more. According to the terms, you can withdraw the profit received from trading on bonus funds.
2. Welcome bonus
You can receive $30 after registering on the RoboForex website and verifying your personal data. You can use this bonus as a starting fund for trading. The broker also allows you to withdraw profit from trading on bonus money.
3. Profit Share Bonus
This bonus from RoboForex allows you to receive up to 60% in addition to the deposited funds from the broker. The Bonus can be used during “drawdown”, thus helping you to limit your own funds’ loss.
How to Get the RoboForex $30 No-Deposit Bonus:
To get the RoboForex $30 No-Deposit bonus, follow these simple steps to register for a trading account, verify your details, and apply for the bonus. This guide will walk you through the process.
Step 1: Register for a Trading Account
To begin, you need to open a trading account with RoboForex. Fill out the registration form with your accurate personal details, including your name, email address, phone number, and residential address. It's crucial to double-check this information for accuracy before submitting the form. Once your account is successfully created, RoboForex will send you a confirmation email containing your new trading account details, including login information.
Step 2: Account Verification
RoboForex requires you to verify your account profile's name and residential address. This verification process is essential for unlocking the full features of your trading account. You can verify your identity by providing a copy of your national ID, driving license, or passport. For address verification, you can use bank statements or utility bills dated within the last three months.
Step 3: Payment Method Verification
To get the bonus, you need to verify your payment method. Make a minimum deposit of $10 using your preferred payment method. It's important to note that you should use the same payment method for future withdrawals. Once you receive the bonus into your account, you can withdraw your $10 deposit immediately.
Step 4: Apply for the Bonus
After completing the previous steps, you'll receive a confirmation code through your registered email. Log in to your RoboForex member's area and click on the "Receive Welcome Bonus 30 USD" option. Enter the provided code to claim the bonus.
Can I Withdraw My RoboForex Bonus?
It's important to mention that you cannot withdraw the bonus itself. However, you can withdraw any profits made from trading with the bonus funds. There are certain conditions, such as reaching a minimum trading volume requirement, that need to be fulfilled before you can make a withdrawal. Make sure to familiarize yourself with the bonus terms and conditions to understand the specific requirements.
How Can I Get the Tickmill $30 Welcome Account?
This is an exceptional offer designed to help new traders get a feel of the platform and make potential profits without putting their own capital at risk. Here's how you can claim your Tickmill $30 Welcome Account:
Step 1: Head over to Tickmill's official website
Look for the "Promotions" tab on the homepage and select the "$30 Welcome Account" option from the dropdown list. This will redirect you to the relevant page.
Step 2: Find the "Get a Welcome Account" button and click on it
You will be led to an application form that you need to fill out with your personal details. Once you've submitted the form, you will receive an email containing your Welcome Account credentials.
Step 3: Begin trading
Make the most out of your $30 bonus. Keep in mind that the Welcome Account is active for 60 days after opening. You can use this time to familiarize yourself with Tickmill's trading conditions and work towards generating some profits.
Can I Withdraw My Tickmill Bonus?
While you cannot withdraw the initial $30 bonus, you can withdraw the profits you earn during your trading activities. However, the Welcome Account will become inactive for trading after 60 days but remains accessible for another 14 days for you to claim your profits.
To withdraw your earnings, you must create a Client Area account using the same information provided when setting up the Welcome Account. After verifying this new account and making a minimum deposit of $100, you can transfer the profits from your Welcome Account. This is oneof the best deals in the market.
How to Get FBS No Deposit Bonus
FBS is a prominent Forex broker that offers a unique no deposit bonus for new traders. Traders do not have to make any deposit to claim this bonus. As a result, they can start trading without the worry of putting down money upfront or making a considerable investment.
As one of the leading brokers with bonuses, FBS has improved this offer and named it the level-up no deposit bonus. It is perfect for entry-level traders who want to test out the markets and the platform without the fear of losing money. It also doesn’t hurt that FBS is easy to use and has fewer withdrawal conditions.
Here’s how you can get the FBS no deposit bonus:
Step 1
Download the FBS app and open an account. They won’t ask you for ID verification and contact details, so this step should be smooth sailing.
Step 2
You get a $140 bonus into your FBS account right away. Use it every day for at least 20 days (you have 40 days!) to learn how to trade and practice your Forex trading skills to earn as much money as possible.
Step 3
Get ready to go pro! Once the 40 days are over, transfer your profits into your real account and put them to good use.
Can I Withdraw My FBS Bonus?
You can’t withdraw, transfer, or deposit any amount from the bonus account.
However, once the bonus trial period is over and you’ve graduated to the real account, all your earning comes with you, and here you can withdraw your FBS bonus, subject to certain conditions.
In the real account, your balance can be seen in the promotion section. Every month you can withdraw the numbers of lots you traded multiplied by three.
Although in basic FBS accounts, you can withdraw any amount of money you want, traders do not have this liberty in bonus accounts.
Which broker has the highest bonus?Best Brokers with Welcome Bonus
Forex Welcome Bonus is a reward for new traders offered by hundreds of online brokers with bonuses. The exact amount of this bonus depends on the broker’s business policies; it could either be a fixed amount given to all new clients equally or a percentage of the initial deposit they put down to trade Forex.
At the moment, the best Forex brokers with welcome bonus are:
| # | Broker | Bonus type | Bonus amount | Details | Bonus |
|---|---|---|---|---|---|
|
1 |
|
Welcome Bonus |
100% for first Deposit |
To get Bonus from RoboForex: ● Open account. ● Verify account. ● Deposit at least 10 USD. |
|
|
2 |
|
Welcome Bonus |
20% to first deposit from $1000 |
This promotion is available to non-EU clients only To get Bonus from AvaTrade: ● Open account. ● Make a Deposit from 1000$. ● Get 20% to Deposit. |
|
|
3 |
|
Welcome Bonus |
100% up to $5000 |
To get bonus from XM: ● Open an account. ● Make a Deposit amount from 5$. ● Trade at least 1 lot to earn every 10$. |
|
|
4 |
|
Welcome Bonus |
100% for first Deposit, Maximum – $10000 |
To get Bonus from AMarkets: ● Open account. ● Deposit funds. ● Contact your personal manager. ● Get 100% Bonus. |
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Can I Withdraw My Welcome Bonus?
You cannot withdraw the welcome bonus. However, you can withdraw the profit gained by the trading of the welcome bonus. This withdrawal is also subject to certain conditions enforced to keep the trading platform safe from scammers.
Unfortunately, many people create an account to claim the welcome bonus, and then they disappear soon after withdrawing it. For this reason, new Forex traders must fulfill all the conditions placed for withdrawal.
Moreover, every Forex broker with a bonus has special withdrawal conditions; make sure you get familiar with them.
RoboForex
The welcome bonus withdrawal amount varies from account to account. But the primary condition of welcome bonus withdrawal is that you are not allowed to withdraw more than 250 dollars. If you try to draw more money than that, your whole bonus will be canceled.
AvaTrade
The account must be verified entirely and fully funded to withdraw money from the AvaTrade welcome bonus account. In addition, you also need to complete the required trading volume within six months of making a deposit. Only after that will you be eligible to withdraw the welcome bonus.
XM
Traders can withdraw the profits anytime from the welcome bonus. First, however, the trading volume in their real trading account must reach 10 micro-lots that are equivalent to 0, 1 standard lots.
Another condition is that the trader must have completed at least five turn trades rounds.
Forex4you
Forex4you does not allow you to withdraw the welcome bonus amount. However, you can use it for trading purposes and earn more from it. When you withdraw your funds from Forex4you, you will have to forfeit a proportion of the bonus funds. This amount will be equivalent to the amount received from the deposit of the same size.
AMarkets
AMarkets do not allow you to deposit any amount in the welcome bonus account, but it lets you withdraw profits. The maximum profit you can withdraw is 200 dollars. If your total gain exceeds this limit, AMarkets will automatically remove that amount from your account.
In addition, you have to withdraw the profit within 14 days. If you do not withdraw your profit within the time limit, your account will be closed, and the profit will be canceled.
Pros and Cons of Forex Bonuses
👍 Pros
•Extra capital to trade with. Bonuses give you additional funds to trade with beyond your initial deposit, providing leverage. With more capital in your account due to bonuses, you can trade better position sizes, thereby increasing the likelihood of earning bigger profits.
•Allows testing new strategies. The extra capital from bonuses gives traders an opportunity to test out new trading strategies or ideas without putting their own deposited funds at risk.
•Getting to know the trading platform. Adapting to trading platforms is a crucial step for both novice and experienced traders as it significantly impacts the trading experience and potentially the outcomes of trades.
👎 Cons
•Limited withdrawal options. Usually bonuses can only be used for trading purposes and cannot be withdrawn. Even if a trader generates profits from the bonus, they might not be able to withdraw them until they meet the broker's withdrawal conditions.
•Risk of overtrading. The extra capital may encourage some traders to overtrade by taking very large positions. This increases risk if trades go wrong. Moreover, to meet the conditions of the bonus, traders might feel pressured to increase their trading volume, leading to overtrading and taking unnecessary risks, which can ultimately result in losses.
•Misleading marketing tactics. Some brokers might use Forex bonuses as a marketing tool to attract clients without fully disclosing the associated conditions and limitations, leading to misunderstandings and frustrations for traders who were expecting a more straightforward and transparent bonus scheme.
Which broker offers a $100 bonus?
Bonuses in the amount of $100 or higher are offered by the following companies from the Top 10 list:
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XM – up to 100% bonus (up to $5,000);
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AMarkets – up to 100% of the deposit amount;
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Forex4you – 100% bonus on the first deposit;
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Instaforex – up to $1,000 bonus;
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FBS – $140 bonus;
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Avatrade – 20% bonus on the first deposit (minimum deposit to qualify for the bonus is $1,000);
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NPBFX – $100 bonus;
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World Forex – 100% bonus on each deposit.
Main Types of Forex Broker Bonuses
CFD Brokers Bonuses Forex - Best CFD Welcome Bonuses 2024All the new Forex traders can benefit from different types of bonuses. However, not every Forex broker bonus is for every trader. So review every aspect of the main types and choose the one that suits you best.
Forex Deposit Bonus
When you join a Forex broker with a bonus, you will be rewarded with a specific amount in your account after making a deposit. This reward is called the Forex deposit bonus. The particular amount of the bonus is dependent on your deposit amount. Furthermore, you can get this bonus on every deposit.
👍 Pros
• Perfect opportunity for beginners to start trading
• Earn big profits by using bonus money
• It gives a boost to traders’ meager funds
• Test the forex broker bonus money, and you can later invest more if you like their service
• You can get huge profits without significant investment
👎 Cons
• You will not be allowed to withdraw your own money unless you complete all the conditions
• It negatively affects your trading
• Bonus is not worth anything as it pushes you to trade more, and you can lose money in trading
• It is not suitable for all-time capital traders
• The broker can take back the bonus money anytime
Terms and Conditions
Every Forex broker with a bonus has different terms and conditions for getting a Forex deposit bonus. These terms and conditions can also change with time, broker, and new bonus campaigns.
Forex No Deposit Bonus
This is a standard welcome bonus offered by many Forex brokers.
It is a welcome gift from brokers to the new traders, and you can be eligible for this bonus without depositing any money in your account. But only first-time traders can avail of this bonus.
👍 Pros
• Get huge profits without making any deposit
• It eliminates the risk of losing money as your own money is not involved
• Test the broker with the free money and decide if they are suitable for long-term use
• Learn trading without risking your own money
👎 Cons
• You need to trade for a certain amount of time to withdraw profits
• You cannot withdraw all earned profits
• This bonus is useless if you are a small trader as you can’t claim the profits
• The broker can revoke the bonus anytime, thus stopping your ongoing trades
Terms and Conditions
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Forex no deposit bonus is only offered to real trading accounts
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Traders have to verify their personal information to avail of this bonus
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The bonus amount is not fixed. Therefore, it can vary across different brokers and bonus campaigns
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This bonus is only available to traders that have cleared the eligibility criteria
Forex Welcome Bonus
Forex welcome bonus is offered to new clients on their account opening. It is a greeting reward for new trading clients. Due to this, this bonus is only applicable on the first deposit.
👍 Pros
• It provides additional financing for clients that are unable to make extensive deposits
• Some brokers with a welcome bonus offer this reward without a deposit. So, traders can learn the rules without risking real money
• Welcome bonus funds can be used to cover trading losses
👎 Cons
• A certain amount of deposit has to be made to become eligible for the welcome bonus
• You can only withdraw the profits after trading for a specific amount, or turns
• A significant amount of free money can increase the risk of irresponsible trading
Terms and Conditions
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Forex offers a 20% bonus on every deposited amount
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The welcome bonus can be availed only in the first 14 days
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The trading requirements should be fulfilled to get bonus credit
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The maximum limit for a rewarding bonus is $5000
Summary
While bonuses provide a nice injection of extra trading funds, remember that growing your account steadily over time through prudent risk management should always take priority. Don't get so focused on bonus requirements that you lose sight of sound money management practices. With bonuses, it may be tempting to overtrade but restraint is key.
Scan through the top options we've covered here and consider factors like regulation, reputation, trading tools offered, and how well aligned the bonus terms seem for your preferences as a trader. Any highly reputable broker meeting your specific requirements is likely a safe choice.
Once you've selected a broker and received your bonus, be sure to paper trade first until fully comfortable with any new platforms. Maintain a demo account too for practicing newer strategies without risking your real balance.
Finally, stay disciplined in meeting withdrawal terms through patience and consistency. Properly leveraging a bonus takes time but can really boost your trading career if done right. Always remember that education should come before profits where trading is concerned.
Expert Opinion
Bonuses provide good support at the start, especially when dealing with a relatively small deposit. It is, however, very important to consider the conditions under which these bonuses are provided. Many novice traders make the mistake of not clarifying the bonus terms, such as the order of using their own and bonus funds, the number of trades needed for the bonus, reasons for the broker nullifying bonuses, etc. So, there are two pieces of advice. First, before using bonuses, make sure you fully understand the conditions, and second, don't rely on bonuses, rely on your skills and knowledge. If you do that, you won't need bonuses.
Best Forex Brokers by Other Countries
Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Bruce Powers is an expert trader and technical analyst with over 20 years of experience in Forex, commodities, ETFs, cryptocurrencies and other assets. He is an active trader, technical and fundamental analyst, media commentator, educator and a writer. As an author for Traders Union, he contributes his deep analytical skills, expertise and understanding of the global economy and financial markets to provide market analysis and insights. Powers is also a frequent guest on business TV news shows.
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.