Forex brokers use forex bonuses to attract new investors and increase their profits by offering incentives. The bonus is awarded when traders in the market are able to meet certain conditions dictated by the broker. This does not mean that forex bonuses are bad, they are beneficial for both the trader and the broker if they are in the interests of the trader. Various bonuses are offered during registration and during the trading process.
Forex traders with well-regulated and reliable brokers can take advantage of the bonuses offered to increase their profits.
See below for more details on Top 5 Forex Brokers with Bonuses 2023, which are ideal for both newbies and more experienced traders.
What is a forex bonus?
Forex bonus is a real monetary reward for opening an account with a forex broker. with this bonus, you can increase your trading volume up to a certain threshold. Moreover, such a nice addition to the main balance encourages traders to be more active when trading.
TOP forex brokers with bonuses
Below are the main bonuses from the top forex brokers. On the proposed platforms, you can get pleasant bonuses. Each company is the best bonus brokers.
|Broker||Bonus||Main conditions for receiving|
|Vantage Markets||A welcome bonus of 50% of the deposit for new clients.Bonus for the next deposit – 10% for deposits over $1000Bonus DiscountVantage FX offers a rebate bonus on standard STP and ECN accounts. They have a rebate bonus of $0.6 per round play and $1.5 per round play to STP account||Opening an account and verifying your account is mandatory|
|DotBig||A welcome bonus of 100% of the deposit for new clients.||Opening an account and verifying your account is mandatory|
|FbS||Welcome Bonus$50 no deposit bonus for beginners. Deposit bonus100% cashback bonus on deposits Cashback bonusCashback 20% from the spread when trading any instruments on the FBS trading platform. Advertising bonusIt’s a $140 bonus when you complete the level up sheet||Opening an account and verifying your account is mandatory|
|InstaForex||Welcome BonusBonus in the amount of 30% of the amount of the deposit. Deposit bonusFrom a 100% bonus on the first deposit made to the account. There is also a 55% bonus or a 30% bonus and a leverage of 1:200 and 1:1000 respectively. InstaForex club bonus+ 40% for each deposited amount.||Opening an account and verifying your account is mandatory|
|XM||Welcome Bonus$30 No Deposit Welcome Bonus for all traders who open a new account. 2. Deposit bonus +50% of the deposit amount for deposits up to $500 and 20% for deposits up to $5000||Opening an account and verifying your account is mandatory|
How to get a DotBig broker bonus
You can qualify for any forex bonus, depending on the terms of receipt.
Check out the conditions that you must follow to receive a forex bonus. If the conditions are right for you, submit an application in which the forex broker will check if you are eligible for the bonus.
Please note that different brokers have different methods and the process that you would use to claim your welcome bonus. Some brokers provide a bonus automatically after the account is replenished. DotBig offers one of the best bonus forex.
Can I withdraw the bonus to my account?
In general, accrued bonuses are not available for withdrawal immediately after receiving. In order to withdraw bonus funds, special conditions must be met. For example, use the money received to buy assets.
The only exceptions are those bonuses that are credited under the cashback program, affiliate programs, rebate, and so on.
Types of Forex bonuses
1. Welcome bonus
This is a cash reward that new traders can receive when opening an account on their platform. There is a bonus that can only be received when making a deposit, and there is a no deposit one.
2. VIP bonus
This type of bonus is given to traders who have opened an appropriate account. Most often it can be obtained by regular customers of a VIP account. A VIP bonus is a significant amount that forex traders receive when opening VIP accounts.
3. Discount bonus / cashback bonus
A forex discount is a certain percentage of the total amount traded through a forex broker. If your forex broker offers a 50% discount on a trade, this means that if you trade, say, $1,000, you will receive a $500 discount.
Your forex account will still have $500 as 50% of your total trading volume, whether you made a profit or a loss. This is an offer that encourages traders to keep trading.
4. Deposit/Deposit Bonus
This is a percentage of the total deposit, or a fixed amount, that forex traders receive when they make a deposit. The deposit or reload bonus is usually less than the deposit the trader made.
However, this is a good bonus as it helps traders keep trading and making larger deposits.
Pros and cons of bonuses from brokers
Many traders are interested in cooperation with brokers who offer forex bonuses. Such cooperation certainly has certain advantages, but we should not exclude disadvantages. Weigh the pros and cons before deciding to cooperate with such brokers and accept a bonus.
|Extra funding for traders with a small depositTrading without the need to fund an accountCompensation for losses in the event of unsuccessful transactions.The opportunity to increase the margin, that is, to receive additional profit per transaction.||Many bonuses are difficult to get because of the tough conditions.Some brokers do not allow you to withdraw bonuses for no reason.The use of bonus funds can create greed and stimulate emotional trading.Bonuses often restrict traders’ freedom of action during trading.|
DotBig LTD offers the best bonus,and this broker has the most favorable terms of using the bonus. You can use the money received for any transactions and then withdraw them to the card. Use this bonus with any DotBig investments and try using them in new strategies.