FXTM at a Glance
Forex brokers offer various bonuses and incentives, and today, we will review the FXTM bonus availability, conditions, and details.
FXTM Bonus Type | Availability & Details |
|---|---|
FXTM sign-up bonus | Available during previous campaigns, currently unavailable |
FXTM no-deposit bonus | Available during previous campaigns, currently unavailable |
FXTM referral bonus | $50 per friend with a $500 maximum, only for friends and not an affiliate program |
FXTM volume-based reward | A nine-tier equity-based system with four volume-tiers |
FXTM Sign-up Bonus
The FXTM bonus for signing up to open an account is a promotion FXTM implements occasionally, but it was unavailable during our FXTM bonus review. The previous one granted $10 for 30 days, and traders could withdraw their earnings, but not the bonus after expiry.
FXTM Referral Bonus
This FXTM bonus is available, but it is not an affiliate program. Geographic restrictions also apply, and traders must read the terms and conditions. FXTM pays $50 per referral and $50 to the referred, with a $500 maximum. Please note that this is not an affiliate program, which is also available at FXTM with generous payouts, and the referrer must have an existing relationship with the referred.
FXTM Additional Broker Bonuses, Promotions, and Rewards
The best FXTM bonus remains its volume-based discounts for the commission-based FXTM Advantage account. These are available for a minimum deposit of $200. It is the best offer at FXTM, with unmatched long-term trading cost savings resulting in higher profitability.
FXTM also hosts trading contests with various prizes, but traders must carefully consider the terms and conditions.
FXTM Bonus Pros and Cons
While an FXTM bonus sounds good, traders should consider the pros and cons before accepting a bonus or incentive.
The pros of the FXTM bonus
- The volume-based rebates create one of the most competitively priced Forex trading environments.
- The refer-a-friend bonus grants both traders an incentive.
- When available, the sign-up and no-deposit FXTM bonus allows traders to test live trading conditions risk-free.
The cons of the FXTM bonus
- Traders fail to read the terms and conditions.
- Not every FXTM bonus is always available.
- Traders need to understand how to use an FXTM bonus to their long-term advantage.
- The bonus could promote reckless trading and nurture a false perception.
Bottom Line
An FXTM bonus can provide traders with a boost, but they must read and understand the terms and conditions. FXTM maintains ultra-low trading fees with its volume-based rebates, which are available in the FXTM Advantage account.
Read more on FXTM in our up-to-date broker review.
