The trading market is so vast that it becomes difficult for a beginner to sign in and start trading. What becomes more difficult is to find forex sites that offer forex bonuses.
Forex bonuses are an important part of a forex platform. This is what helps them to draw more traders to their site. On the other hand, it helps traders decide which platform to go to.
Speaking of forex bonuses, they can be of different types. This is exactly what we are going to discuss in this post. If you are looking for the best forex deposit bonus, you should give this article a read.
What is a forex bonus?
Before discussing the types of forex bonuses, you need to first know what forex bonus in general is. It can be described as a regular promotion provided by a forex platform to its clients.
These bonuses come with no obligations at all. The least you need to do is register yourself on the platform. Some bonuses might require you to make a deposit, while others don’t. But this will vary from one forex platform to another.
Different Types of Forex Bonuses
Below we have explained the different types of forex bonuses that you will come across in this field.
Welcome forex deposit bonus
This bonus is exclusively reserved for new clients who sign up on the website. But it is usually provided with the highest forex deposit bonus types. You can claim this bonus after you register yourself on the site. Once you start making trades, you will no longer be given a welcome forex deposit bonus.
No deposit bonus
Like welcome forex deposit bonus, this bonus is also given to new clients on the platform. It doesn’t matter how much you spend on trading, you are still entitled to this bonus. This means you will receive this bonus even if you don’t make a deposit. This is why it is not measured in %. The bonus amount offered will vary from one site to another.
Forex deposit bonus
This is just the opposite of forex no deposit bonus. It is closely connected to the amount you deposit in your trading account. The good thing about this bonus is that it is given to all types of clients. To claim this bonus, you will need to first make a deposit. This type of bonus is measured in %. Let’s say the site offers a 50% deposit bonus. This means if you deposit $100, you will receive $150 to trade with.
Forex deposit bonus is a way used by forex trading platforms to draw clients. To get the most of these bonuses, you should find the site that offers the best bonus.