Want to better understand your options when it comes to Forex bonuses?
Check out the quick explanations below to get an idea of which type of promotion is best for your trading style.
This type of Forex bonus is ideal for intermediate to advanced traders who will be able to reach certain trade volumes successfully without wiping out. While trading bonuses may sound appealing to new traders, it may be hard for novices to meet the requirements in order to be eligible for the payout.
No Deposit Bonus
As an incentive, a Forex no deposit bonus is extremely rare, mostly because it commits the Forex broker to provide something (usually money) to the trader without demanding a deposit. If you can find a Forex no deposit bonus, it’s a good idea to read the fine print before submitting your personal details.
An ideal incentive for new traders, a Forex deposit bonus offers exactly what its name suggests – a monetary award or incentive for new traders who are depositing into their account for the first time. While it may be possible to find deposit bonuses for repeat deposits, this type of Forex promotion is not as common as a deposit bonus for a broker’s new clients.
Another promotion that is suited for intermediate to advanced traders, a Forex rebate is the opportunity for a trader to receive money back into his account for every trade placed. This differs slightly from the Forex trading bonus, which usually has a set threshold of trading volume that must be met in order to receive the rebate.
Ready to get started?
Choose the right free Forex bonus from the chart above and test it out – it may be just the incentive you’ll need to succeed in the Forex market!
Free Forex Trading Courses
DailyForex has teamed up with Online Trading Academy to provide you with 3 e-courses for FREE! Valued at $150, these courses focus on Technical Analysis, Trading Basics and Risk Management.