Forex bonuses
In order to attract potential clients to the company, Forex brokers
provide different trading promotions such as Forex bonuses. Bonuses are
very popular among traders because they help to earn extra profits and
some of them even give an opportunity to earn money without any
investments. All the Forex bonuses can be divided into groups: welcome
bonuses, deposit bonuses and no deposit bonuses. So let's review each
group separately.
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Welcome bonus is a bonus which a trader can get when he starts working
with the certain company on the currency market. This bonus is given for
opening the trading account with the Forex broker. The conditions under
which the welcome bonus can be used depends on the broker. Some Forex
companies offer the deposit welcome bonus which is given for the first
deposit of the trading account. Others give the no deposit welcome
bonus. This means that the trader should not deposit his account in
order to get the bonus. The undeniable advantage of this bonus group
especially for newbies is that it gives traders the experience which
they can use in the future trades.
The Forex trading has become more attainable and more alluring for recruits with the evolution of bonus offers.
Another bonus group is deposit bonuses. Deposit bonuses are given for
depositing of the trading accounts. According to the broker's
conditions, deposit bonuses may either be used or not used as the
additional margin for trading. It is impossible to say what would be
better for a trader because it depends on different circumstances such
as the trading strategy. However deposit bonus is actually a perfect
solution for the traders who want to earn more while doing what they
like. If the trader has decided to deposit his account and to start
trading why not to get extra bonus for this?
Now let's speak about the most popular and even the best bonuses from
the traders' point of view – no deposit bonuses. This type of bonuses is
also dubbed as “free bonus without deposit” among traders. It is
evident from the name that it is not required to fund the trading
account in order to get the non deposit bonus. Some Forex brokers
provide the no deposit bonus which can be withdrawn and some offer to
use this bonus only as the additional margin for trading. Anyway this
bonus group is still the most attractive for traders because it gives an
opportunity to earn without any investments.
As you see the Forex market is full of various bonus promotions and
every trader can choose one of them for himself. Each type of the
bonuses described here works under some specific conditions and has its
own features. The Forex trading has become more attainable and more
alluring for recruits with the evolution of bonus offers. But in order
to become a profitable trader you should remember that bonuses are only
the addition for Forex trading and you are not able to reach success if
you stop on them.