Best Forex Promotions

Types of Forex Bonuses Offered by Brokers

Welcome bonus

It is the most popular and important for traders. The bonus is simple. It can be no deposit and deposit bonus. As for the name, you can guess it is a reward to new joining. This offer provides once, but you get twice, one for no deposit and one for deposit. Usually, brokers offer a $30 to $100 free welcome bonus and 30% to 100% for the deposit bonus.

No deposit bonusses

It is a 100% risk-free bonus to start live trading. You don’t need any deposit to get the bonus. After joining and verifying the profile, the broker provides free credit. It’s one of the most common and popular bonuses.

Newbies always want to start with this type of offer. It also helps regular traders to change their broker and develop a new trading strategy.

Deposit bonus

Broker promise to credit a percentage of your deposit as a free reward. The deposit bonus is not reserved for only new traders. Sometimes, the broker allows existing clients also. The exciting thing is sometimes broker offers deposit bonus for every deposit.

Another thing is some offer is only for new clients that are known as the welcome deposit bonus.

Reload bonus

It is specially designed for regular clients. Only old or at least recent clients on the trading platform can get the offer. It can be 5% to 50% of deposit funds. It is an instant process; you don’t need to wait for it or have to do anything for it. Before taking the bonus, make sure you are not using multiple accounts.

Pending bonus

It’s called a painful bonus! You cannot use the bonus instantly. Once got the bonus, you have to wait to clear. It remains pending until complete a particular action. Actually, the broker needs to clear it; then, you can use it. Some brokers offer pending bonuses for new clients also. If you have to complete several trades after joining, you can use the bonus amount. In general, our suggestion is to look for an instant or regular bonus.

Cashback offers

A forex rebate is similar to a credit card reward bonus in which a broker provides you actual funds every single time you complete a transaction.  Every time you create a trade, you get some of the commission your fees, letting you lower your commission price.

Loyalty programs

This offers only for loyal customers that work on the point-based system. The points count on their deposit, trading frequency, traded lot, transection, and other points. So, the points can accrue over time by gifts, trading funds, and cash prizes. It differs from company to company. Much established broker offers more attract loyalty program.

Special bonus

Not a specific thing. It could be any bonus. Usually, it offers for special things such as the new year, Eid, Puja, Christmas, Black Friday, company anniversary, big achimenes, etc. It depends on the broker. You have to keep your eye to grab the offer.

How to find the best forex promotions?

Did you notice the type of bonuses? It’s pretty different types. You have to consider first which kind of bonus you are looking for trading.

Finding forex promotions are an easy process, but the right one is tricky. But don’t need to worry, it’s not impossible. You can follow these processes:

Doing your own research is important

You could search for a different type of bonus. You can check some websites that present bonuses. You can visit some top active communities to check which broker is trending.

Reading reviews

Most of the sites show reviews of traders. Look at the bottom of the bonus, you will see some reviews from real-time clients. Also, on our site, we published all positive and negative reviews from traders.

Competitive Rule’s factor is important.

After selecting some bonus compare to each other for the best one. Mainly focus on bonus which offering transparent and accessible terms and conditions.

FXDAILYINFO.com reviews

You will get thousands of broker reviews, bonus reviews, and a list of best brokers and best bonuses on our website. You can select and start your trading journey without hassle.