Withdrawable No Deposit Bonus Up to $5000 - 15 Best Forex Bonuses

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Best Forex broker with bonuses - RoboForex

Your capital is at risk.

TOP Forex brokers with bonuses:

  1. RoboForex - welcome bonus $30;

  2. Tickmill - no-deposit bonus $30;

  3. InstaForex - no-deposit bonus up to $1000;

  4. XM - deposit bonus up to $5000;

  5. FBS - no-deposit bonus up to $140.

Seeking an extra boost for your Forex trading venture? A no deposit bonus could provide the leverage you need to amplify potential profits. Forex brokers offer these bonuses to attract new traders, allowing you to access certain features or credit without an initial deposit. While tempting, proceed with caution and do your research first. We've compiled a list of 15 of the most competitive withdrawable no deposit bonuses on the market right now, ranging up to $5,000 in value. Though the specific terms vary across brokers, most allow you to withdraw profits provided you meet certain trading volume conditions.

Whether you’re a Forex rookie seeking some starting capital to test the waters, or a seasoned trader thirsty to expand your portfolio's profit pools, explore this selection of our favorite no deposit bonus deals optimized to multiply your trading power.

  • How do I know if I qualify for a bonus?

    Each broker's bonus terms will specify any qualifying criteria, such as country of residence, account type, funding amount, etc. Carefully review the bonus terms before signing up.

  • Do bonuses boost my margin?

    Indirectly yes, as bonus credit increases your buying power, but brokers do not increase leverage just for having a bonus. Leverage remains tied to your account level.

  • What information is required to claim a bonus?

    Common needs are name, country, valid ID/address proof to verify identity and meet KYC/AML requirements before bonus deposit credits can be awarded.

  • How long does it take to receive the bonus after depositing?

    Usually bonuses are credited instantly but it can take up to 24-48 hours to show in your account after approval of verification documents.

Note!

Forex bonuses may be subject to limitations and requirements. It is important to carefully review the terms and conditions of any bonus offer before accepting it.

Rating of the Top 15 Forex bonuses in 2024

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Based on an analysis of brokers' offers, the Traders Union stewards have objectively rated the Top 15 bonus programs for Forex brokers. The list comprises the best no-deposit bonuses, the best deposit bonuses, and the best welcome bonuses.

Using the results of the rating, you can easily choose the offer that optimally suits your goals.

# Broker Type of Bonus Bonus size Main Details Bonus

1

RoboForexRoboForex

Welcome Bonus

$30

To get Bonus from RoboForex:

● Open account.

● Verify account.

● Deposit at least 10 USD.

Open an account

Your capital is at risk.

2

TickmillTickmill

No deposit bonus

$30

To get bonus from Tickmill:

● Register an account with Tickmill.

● The welcome bonus account 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.

Open an account

Your capital is at risk.

3

InstaForexInstaForex

No deposit bonus

$1000

● How to get: Open a new account using the promotional form online and fully verify it.

● Withdrawal: 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 per paragraph 6 claims: "The Client agrees that in some cases the Company can ask him/her to replenish his/her account with real funds".

Open an account

Your capital is at risk.

4

XMXM

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$.

Open an account

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

5

FBSFBS

No deposit bonus

$100

How to get: Open a new MT5 account and request it.

Withdrawal: Yes, after trading 5 lots during 30 days.

Open an account

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

6

AvaTradeAvaTrade

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.

Open an account

Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

7

FXOpenFXOpen

No deposit bonus

$10

● How to get: Register an FXOpen eWallet, verify your phone number, register an STP account

● Withdrawal: trade over 2 lots to withdraw profits. The bonus is not withdrawable.

Open an account

Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

8

WelTradeWelTrade

Deposit Bonus

100% every deposit from $200

To get Bonus from WelTrade:

● Open account.

● Verify account.

● Deposit at least 200 USD.

Open an account

Your capital is at risk.

9

World ForexWorld Forex

Deposit Bonus

100% every deposit

To get Bonus from World Forex:

● Make Deposit at any account from 100$.

● Get 100% bonus + free VPS.

Open an account

Your capital is at risk.

10

LibertexLibertex

Welcome Bonus

100% for first Deposit

To get Bonus from Libertex:

● Open new account.

● Get 100% Bonus.

● Trade to convert Bonus.

● Withdraw converted bonus to trading account.

Open an account

Your capital is at risk.
74.91% of retail investor accounts lose money when trading CFDs with this provider.

11

Forex4YouForex4You

Deposit Bonus

5-100% for Deposit

To get Bonus from Forex4You:

● Choose the size of the Bonus from 5 to 100%, when making the Deposit.

● Keep trading as usual. 17.5% of the spread will be put aside to cover your bonus credit.

Open an account

Your capital is at risk.

12

AmarketsAmarkets

Welcome Bonus

100% for first Deposit,

Maximum – $10000

To get Bonus from AMarkets:

● Open account.

● Deposit funds.

● Contact your personal manager.

● Get 100% Bonus.

Open an account

Your capital is at risk.

13

FreshForexFreshForex

No deposit bonus

$2023

How to get:

● Traders need to register with FreshForex.

● Open Classic, Market Pro, or ECN account in MetaTrader 4/MetaTrader 5 platforms in USD, EUR, or RUB.

● There is no need for personal data verification to receive the no deposit bonus.

● The bonus should be credited automatically.

Trading Limitations:

● To save the profit received, traders have to fund the account with the amount of received profit.

● Trading period: 7 calendar days upon receiving a bonus.

How to withdraw the profit:

● Save the earned profit by funding your trading account with an amount equal to or more than the profit earned within 7 days after receiving a bonus.

● Complete 1 lot per $5 of saved profit within 30 days.

● Contact Fresh Forex manager via feedback form to transfer your profit into account balance.

● Withdraw the profit earned or use it back in trading.

Open an account

Your capital is at risk.

14

JustForexJustForex

Deposit Bonus

50-120% for Deposit.

Maximum – 40000$

To get Bonus from JustForex:

● Go to Deposit Section in the Back Office.

● Mark the line "Get a Bonus on Deposit" in the Deposit form

● Read and accept "Deposit bonus rules"

● Click the "Deposit" button

Open an account

Your capital is at risk.

15

FXGloryFXGlory

Deposit Bonus

50% for any Deposit

To get Bonus from FXGlory:

● Open a real account.

● Tick the checkbox of the bonus in the deposit part of the Client Cabinet.

● Make a deposit of any amount.

● Get 50% Bonus

Open an account

Your capital is at risk.

RoboForex Welcome Bonus $30

Open an account
Your capital is at risk.

RoboForex offers a welcome bonus of $30 to new clients who meet certain requirements. This bonus is a great way to start trading without risking any of your own funds.

How To Get the Bonus

To get the welcome bonus from RoboForex, you'll need to follow a few simple steps. First, open an account and verify it. Then, deposit at least $10 into your account. Once you've done that, you'll receive a special code in your email. Use this code to activate the bonus in your Members Area within 30 days.

Can I Withdraw the Profits?

Yes, you can withdraw the profits you make using the welcome bonus. There are no limitations on withdrawing profits or your own funds from your account.

Tickmill No-Deposit Bonus

Open an account
Your capital is at risk.

Tickmill has a no-deposit bonus of $30 for its non-EU clients, allowing them to experience live trading without risking any of their own money. However, it's important to note that this promotion is only available to non-EU clients.

How to Get the Bonus

To get the Tickmill no-deposit bonus, traders need to open an account with the broker. The process is simple and straightforward, and it can be completed in just a few minutes. Once the account is verified, the bonus will be credited to the trader's account automatically. You can start trading with the bonus right away.

Can I Withdraw the Profits?

Traders can withdraw their profits but they can't withdraw the bonus itself. This means if a trader makes a profit of $100 with the bonus amount, they can withdraw the $100 profit but not the $30 bonus.

InstaForex No Deposit Bonus

Open an account
Your capital is at risk.

InstaForex offers a no-deposit bonus of $1000 to new clients who open and fully verify a new account using the promotional form online. This bonus is a great way to start trading without risking any of your own funds.

How to Get the Bonus

To get the no-deposit bonus from InstaForex, you'll need to open a new account using the promotional form online. Once your account is verified, the broker will credit your account with the bonus automatically.

Can I Withdraw the Profits?

Yes, you can withdraw the profits you make. However, you can't withdraw the bonus itself. To withdraw profits, you'll need to trade X * 3 InstaForex-lots, where X is the profit volume. Please note that 1 InstaForex-lot is equal to 0.1 forex lot. The broker reserves the right to ask clients to replenish their account with real funds anytime.

XM Welcome Bonus $5,000

Open an account
Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

XM offers a generous welcome bonus of up to $5,000 for users who deposit funds into their account. They give you a 20% bonus on your deposit amount, even for a deposit as small as $5.

How to Get the Bonus?

To get the welcome bonus, you'll need to fund your account with $25,000. This will give you the maximum bonus of $5,000 and bring your total trading balance up to $30,000. You need to sign up for an account on XM and select the account type you want. Verify your identity, choose a payment method, and deposit funds into your account.

Can You Withdraw the Profits?

While you can't withdraw the bonus funds, you can withdraw any profits you make. For example, if you deposit $1,000 and get a bonus of $200, your total trading balance will be $1,200. If you make a profit of $500, you can withdraw that $500, but you won't be able to withdraw the $200 bonus funds.

FBS No-Deposit Bonus

Open an account
Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

FBS is offering a no-deposit bonus of $140 to its new clients, allowing them to start live trading without investing any of their own money. This bonus is a great chance for new traders to explore the broker's platform and services without risking any capital.

How to Get the Bonus

To get the FBS no-deposit bonus, traders need to open a new MT5 account with the broker and request it. The process is quick and easy, and once the account is verified, the bonus will be credited automatically. Traders can use the bonus amount to start trading right away.

Can I Withdraw the Profits?

Traders can withdraw their profits made with the bonus amount after trading 5 lots during a 30-day period. Not all instruments are eligible for the bonus, so check the terms and conditions before starting to trade.

AvaTrade Welcome Bonus

Open an account
Your capital is at risk.
71% of retail investor accounts lose money when trading CFDs with this provider.

Are you a non-EU trader looking to start your trading journey with a larger capital? Then you might be interested in the AvaTrade welcome bonus. By depositing $1000 or more, you can receive a 20% bonus from AvaTrade, which is a fantastic way to boost your trading capital and take advantage of more trading opportunities.

How to Get the Bonus

To get the bonus, all you need to do is open an account with AvaTrade, make a deposit of $1000 or more, and request the bonus. Once your account is verified, the bonus will be credited automatically to your account, and you can start trading with the bonus amount right away.

Can I Withdraw the Bonus?

You need to fully verify your account, fund it entirely, and complete the required trading volume within six months of making the deposit. Only after meeting these conditions will you be eligible to withdraw the welcome bonus.

AvaTrade Copy Trading Review

FXOpen No Deposit Bonus

Open an account
Your capital is at risk.
77% of retail investor accounts lose money when trading CFDs with this provider.

With this promotion, you can receive a $10 bonus without making any deposit. Although the bonus amount may seem small, it's a great opportunity to test the broker's platform and try out different trading strategies.

How to Get the Bonus

To get the FXOpen no-deposit bonus, you need to register an FXOpen eWallet, verify your phone number, and register an STP account. Once you complete these steps, the bonus will be credited to your account automatically.

Can I Withdraw the Profits?

To withdraw profits, you need to trade over 2 lots. Once you reach this trading volume, you can request a withdrawal, and the profits will be transferred to your account.

FxOpen Bonus Programs

WelTrade Deposit Bonus

Open an account
Your capital is at risk.

WelTrade's deposit bonus offers traders an attractive deal. By depositing $200 or more, you can receive a 100% bonus, which can significantly boost your trading capital. This bonus can help you increase your profits and take advantage of market opportunities.

How To Get the Bonus

Getting the bonus is an easy process. First, you need to open an account with WelTrade, verify it, and deposit at least $200. Once your deposit is confirmed, the bonus will be automatically credited to your account.

Can I Withdraw Profits?

You can withdraw profits made from trading with the bonus but not the bonus itself. Note that if you make a withdrawal, the broker debits your bonus funds in proportion to the withdrawal.

World Forex Deposit Bonus

Open an account
Your capital is at risk.

If you're a trader looking to maximize your trading capital, World Forex's deposit bonus is an excellent opportunity. By depositing at least $100, you can receive a 100% bonus and a free VPS. Here's everything you need to know about this exciting offer.

How To Get the Bonus

Getting the bonus is an easy process. Just make a deposit of at least $100 into your World Forex trading account, and you'll receive the 100% bonus and free VPS automatically. There are no complicated procedures or requirements to fulfill.

Can I Withdraw Profits?

You can't withdraw the bonus as it's given as credit to your trading account. When you withdraw funds from the trading account to which the bonus was credited, the bonus funds will be deducted in proportion to the amount you withdraw. This means that if you withdraw $100, $100 worth of bonus funds will also be deducted.

Libertex Welcome Bonus

Open an account
Your capital is at risk.
74.91% of retail investor accounts lose money when trading CFDs with this provider.

Libertex's welcome bonus is an excellent opportunity for new traders looking to increase their trading capital. With a 100% bonus on your first deposit, you can start trading with double the funds right from the beginning.

How to Get the Bonus

To get the bonus, all you need to do is open a new account with Libertex and make your first deposit. You'll automatically receive a 100% bonus on your deposit, and you can start trading right away.

Can I Withdraw the Bonus?

Before you can withdraw the bonus, you'll need to convert it into real funds by trading. Once you've traded the required amount, the converted bonus will be added to your trading account and can be withdrawn like any other funds. This means you can use the bonus to trade and potentially increase your profits, but you can't withdraw it until you've converted it.

Forex4You Deposit Bonus

Open an account
Your capital is at risk.

Forex4You offers a deposit bonus that can range from 5% to 100% on your deposit. To get the bonus, simply choose the bonus size when making your deposit. Keep in mind that you can acquire the bonus with every deposit on your trading account, but you can't have more than five deposit bonuses activated at any one time.

How to Get the Bonus

The deposit bonus is funded to the trading account as a credit, which means you cannot withdraw it until you've successfully met the deposit bonus amount through trading. Additionally, 17.5% of the spread will be put aside to cover your bonus credit, and the bonus is subject to a proportional deduction during withdrawal.

Can You Withdraw the Bonus?

You can't withdraw the deposit bonus until you've met the trading requirement. This means you need to trade until you have reached the bonus amount. Keep in mind that the deposit bonus is subject to a proportional deduction during withdrawal.

AMarkets Deposit Bonus

Open an account
Your capital is at risk.

AMarkets offers a Welcome Bonus of 100% on the first deposit with a maximum bonus of $10,000. This bonus is available for new clients who open an account with the broker.

How To Get the Bonus

To get the Welcome Bonus from AMarkets, clients need to open an account and deposit funds. After making a deposit, clients should contact their personal manager to claim the bonus. The bonus will be credited to the client's trading account once the request is processed.

Can I Withdraw Profits?

Yes, clients can withdraw profits from the bonus. At the end of each week, the broker calculates and transfers the amount of bonus available for withdrawal to the client's trading account.

FreshForex No Deposit Bonus

Open an account
Your capital is at risk.

If you're a trader looking to start trading without risking your own money, FreshForex offers a great opportunity. You can receive a no-deposit bonus of $2023 when you register with FreshForex and open a Classic, Market Pro, or ECN account in MetaTrader 4 or MetaTrader 5 platforms in USD, EUR, or RUB.

How To Get The Bonus

To receive the FreshForex no-deposit bonus, you need to register and open a trading account. You don't need to verify your personal data, and the bonus will be credited automatically. If you want to save the profit from the bonus, you must fund your account. Note the trading period is limited to seven calendar days upon receiving the bonus.

Can I Withdraw Profits?

If you've saved the earned profit and completed the required lots, you can withdraw the profit earned or use it back in trading.

JustForex Deposit Bonus

Open an account
Your capital is at risk.

JustForex offers a deposit bonus of 50-120% for every deposit made into the trading account. The maximum bonus amount is $40,000.

How To Get the Bonus

To get the deposit bonus, you need to go to the Deposit section in the Back Office and mark the line "Get a Bonus on Deposit" in the deposit form. Read and accept the "Deposit bonus rules" before clicking the "Deposit" button.

Can I Withdraw the Profits?

To withdraw or trade using bonus funds, you need to transfer them from the "Credit" wallet to the "Balance" wallet by trading in a total volume of < Number of Lots > = < Bonus amount > / 2 for Standard Cent, Pro, and Standard accounts. A lot is equal to $100,000. For example, if you deposit $500 and get a $600 bonus, you must trade 300 lots or $30,000,000 in trading volume to move the bonus to your "Balance" wallet.

FXGlory Deposit Bonus

Open an account
Your capital is at risk.

FXGlory offers a 50% deposit bonus for any deposit made by clients. This means that if you deposit a certain amount of money, FXGlory will add an additional 50% to your account balance.

How To Get the Bonus

To get the bonus from FXGlory, you need to open a real account and tick the checkbox for the bonus in the deposit part of the Client Cabinet. Once you have done this, you can make a deposit of any amount, and the 50% bonus will be credited to your account.

Can I Withdraw the Profits?

Yes, you can withdraw profits made from trading with the bonus funds. However, to withdraw your own funds and profits, you must trade at least 6 positions with the minimum intervals of "50% of the largest trade volume time".

What is a Forex broker’s bonus?

Companies use a plethora of marketing policies to attract new customers. However, one of the most common tools is bonuses. Bonuses come in many iterations, but basically, they are special offers for clients, which in one way or another improve the conditions for a client's trading in the financial markets and cause them to feel welcome and appreciated. To receive a bonus, the client must fulfill certain conditions.

Also, most bonuses are not random

Also, most bonuses are not random but instead are very targeted toward a specific audience and to achieve a predetermined goal. As a rule, the targets are novice traders and users who do not have a large deposit. Thus, many bonuses are tailored to provide newbies with sufficient or additional funds for trading.

Of course, bonus policies can be aimed at experienced and bullish users. Brokers need both to attract new clients and to retain and energize old ones. Additionally, brokers use bonus policies to maintain customer loyalty and maintain their high trading activity. But there are advantages and risks on both sides.

Advantages and risks of Forex bonuses

Broker bonuses have both advantages and disadvantages. Each company invites customers to take advantage of this or that bonus or refuse it. Before agreeing to a special offer, you need to weigh all the benefits and risks.

👍 Advantages

Possibility of getting additional financing for traders with a small deposit

The ability to trade without replenishing your account (for a no-deposit bonus)

Bonuses can be used to recover losses incurred by a trader after opening an unsuccessful trade

Using bonuses allows you to increase your margin. Thanks to the use of such tools, you can get much more profit in one trade.

👎 Risks

Many bonuses come with tough-to-meet conditions.

As a rule, companies prohibit the withdrawal of bonus funds until certain conditions are met

Using bonus funds can awaken greed and stimulate emotional trading. In the future, a risky approach to trading can be used not only when working with bonuses, but also when trading your own funds.

Bonuses can limit the trader's freedom of action during trading or when withdrawing funds. Traders are required to comply with the terms of the bonus.

Types of Forex bonuses offered in 2024

Brokers' bonus options are limited only by the imagination of marketers. Let's consider the main types of Forex bonuses that brokers offer today.

Forex welcome bonus

Forex welcome bonus 1
One of the most popular types

One of the most popular types of bonuses in companies is the welcome bonus. The essence of this special offer is that companies reward the trader upon registration. The amount of the bonus may differ depending on the broker.

The most popular offers are as follows:

  • % 50
  • % 100
  • % 200

Bonus conditions may also vary. As a rule, a special offer is activated the first time you make a deposit. It can be credited in the form of cash or in the form of a virtual balance that can be used for trading.

Forex deposit bonus

Forex deposit bonus 2

The Forex deposit bonus works in the same way as the special offer for the first deposit. The Forex deposit bonus is credited to the account by brokers not only on the first deposit but also on the second or subsequent deposits. However, the size of the deposit bonus is usually smaller.

The standard deposit rates for this special offer are as follows:

  • % 10
  • % 20
  • % 50
  • % 100

Funds can also be credited both in the base currency of the account and in the form of free trading credits. The broker may provide special conditions for availing yourself of this special offer.

Forex no-deposit bonus

Forex no-deposit bonus 3
Some brokers offer clients

Some brokers offer clients a no-deposit bonus. This incentive method is used to attract new users who are offered to learn about the company's services, trading terminal, trading conditions, etc. Often, such a bonus is awarded not in the form of real funds, but as trade credits. Amounts may vary depending on the broker.

It is quite difficult to withdraw the no-deposit bonus from companies that offer Forex trading. As a rule, you need to replenish your account and fulfill additional conditions required by the Forex broker. This may be a certain trading volume or paid commissions.

The no-deposit bonus is beneficial because it allows you to start trading without risks and, using your trading skills, increase the amount of your future deposit even before the first replenishment. This allows you to increase your trading margin when you fund your account and use real money to trade.

How to get FBS No Deposit bonus: step by step guide

FBS Review

As an example, let’s review the no deposit bonus provided by FBS. The bonus itself is rather big at $140, which is one of the best offers in the market.

Conditions for claiming the bonus from FBS are quite simple:

To receive the bonus you need to:

1

Step 1. Register with the broker and select Promotions and Level Up Bonus in your personal account ;

Step 1
Register with the broker

Register with the broker

Step 2.
2

Step 2. The broker will send you a confirmation email. Confirm and receive the no deposit bonus in the amount of $70;

The broker will send you a confirmation email

The broker will send you a confirmation email

3

Step 3. Download and install FBS app and double the bonus.

Step 3.

Withdrawal conditions

You can trade with bonus funds for only 40 after opening of the account. Of these 40 days, at least 20 must be active (with open trades). In this case you will be able to withdraw profit. The trading volume must be at least 5 lots. You can withdraw the earned profit in the amount of up to $70 (if you are trading on your desktop) or up to $140 (if you downloaded the mobile app and doubled your bonus).

Withdrawal conditions

Withdrawal conditions

Withdrawal policies of Forex bonuses

One of the most important questions about Forex bonuses is the withdrawal policy. Funds that are credited under special offers are in most cases unavailable for withdrawal without fulfilling special conditions. The exception is bonuses that are awarded as real money under cashback programs, affiliate programs, rebates, etc. However, special rules may apply for these types of special offers.

Important!

It is important to know that offers such as no-deposit bonus, deposit increase, first deposit bonus, etc., are always credited to a separate account. They are not counted as real money, but in the so-called trade credits, which are used as cash, but the withdrawal for them requires compliance with the conditions.

Let's consider the basic withdrawal rules that can be applied to open an opportunity to withdraw bonus funds.

  • Increase your deposit

    Increase your deposit.

    In this case, traders need to trade using bonus funds to multiply them up to a certain value. For example, if you received a USD 100 bonus with a 10x condition, you can withdraw it only when you increase it to USD 1000.

  • Trading turnover in lots

    Trading turnover in lots.

    Brokers can also stimulate trading using bonus funds and at the expense of a certain number of lots. For example, such a rule is applied by an FBS broker, where the calculation formula is applied: bonus amount /3 = number of lots. For example, you received a USD 90 bonus. Dividing it by 3 we get 30. Thus, you need to achieve a trading volume of 30 lots before the bonus becomes available for withdrawal.

  • Payment of commissions

    Payment of commissions.

    Brokers receive their main income from commissions, so they need the client to conduct the maximum number of trades and pay the due deductions for them. In this case, a system of commissions can be applied for bonuses. The bottom line is that the trader must pay a certain amount of commissions that are charged for each open trade. At the same time, funds can become available either immediately (upon reaching the required amount of commissions) or in portions (as commissions are paid, a certain amount of bonuses is credited to the real account).

Some brokers offer a bonus without the possibility of withdrawing to a real account. However, even if they cannot be withdrawn, they can still be actively used during trades and increase the margin that goes to the client's real account.

Forex bonus limitations

It should be noted that Forex bonuses are not allowed in all countries. For example, the EU, UK, and US have very strict restrictions. Most brokers licensed in the EU, UK, and USA either do not offer bonuses at all, or they do it very carefully. In most cases, the most generous bonuses are offered by divisions of offshore brokers.

Strict restrictions

map

Also, brokers have certain restrictions for the use of bonuses by clients. First of all, we are talking about the withdrawal.

It is also very common to limit the use of the number of bonus funds in a trade. Some brokers allow only a certain percentage of bonus funds to be used in trades. In addition, there may be restrictions on the use of bonuses without using real money.

There may be restrictions on the use of leverage. For bonus funds, a limit can be set on the use of margin trading. For example, if your trading account allows you to open trades with a leverage of 1:100, a limit of 1:10 may be set for bonuses.

Regional restrictions may also apply for bonuses. Brokers can make special offers, depending on the regions of residence of the clients. Besides, the issue of the license is also important. Conditions of promotions and special offers may be prohibited directly by the regulator. In this case, the broker has no right to offer a bonus for such a region.

Expert Opinion on 15 Best Forex Bonuses

Forex bonuses sound tempting with the offer of extra funds to boost your trading. But before you bite, traders need to determine if they’re actually sweeteners or pitfalls.

It’s important to know that bonuses of any type—welcome, deposit, no-deposit, or reload bonuses—are not free money. They often come with strings attached. For example, some brokers may require that you deposit a certain amount, trade a specific volume, or maintain your account for a set period to unlock or withdraw them.

Some requirements, such as maintaining high trading volume, can incentivize risky behavior, pushing you to trade more than your strategy dictates. If you’re going to accept bonuses, it’s vital to remain focused on sound trading practices and not bonus deadlines.

Novice traders might be attracted to bonuses, but the complexities of terms, conditions, hidden fees, profit withdrawal limitations, and expiration dates can be overwhelming. It’s more important to focus on learning and developing a solid strategy before risking bonus funds.

Richard Best

Richard Best

Forex and Crypto Expert

Team that worked on the article

Mikhail Vnuchkov
Author at Traders Union

Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.

The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.

Mikhail’s motto: Learn something new and share your experience – never stop!

Dr. BJ Johnson
Dr. BJ Johnson
Developmental English Editor

Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.

The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.

Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.

Mirjan Hipolito
Cryptocurrency and stock expert

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.