You must have heard the name Forex Bonus in abundance. Forex brokers, like banks and other financial institutions, are always looking for new clients and will do anything to do so. Just as banks and financial institutions try to snatch the ball from other banks with attractive offers and offers such as lotteries and ،, so do Forex brokers try to offer attractive offers, commonly referred to as Forex bonuses without a down payment. They attract more traders and generate more revenue for themselves.
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But what is a Forex bonus and how can you get different types? Is it right to receive a Forex bonus at all? Which brokers offer Forex bonuses? What kind of bonuses benefit us? We have provided the answers to these questions in this article. Stay with us.
What is Forex Bonus?
Bonus is an English word called Bonus. Brokers create various incentive programs to gain new clients, which is called Forex bonus. Brokers usually reduce their profits and use that amount to create an advertising budget.
Bonuses will be awarded to you this way. In other words, contrary to what some novice traders think, Forex incentive programs are not just for scams, just as online store discount offers like Amazon, Digikala and نمی are not for scams. By offering these incentive programs, Forex market brokers actually want to provide added value to their traders in order to increase the level of public satisfaction with their trading services.
Types of Forex bonuses
Brokers offer various incentive programs as you wish. Among them we will mention the most famous:
- Percent Bonus: Percent bonus refers to the reward that the broker will pay you when depositing money. Consider a Hot Forex broker, for example, which gives you 30 to 100 percent of each deposit you make, which adds to your initial trading capital. Of course, it has its own rules and conditions for trading or withdrawing rewards, which are also different in each brokerage.
- Bonus without initial deposit: This is one of the most attractive Forex bonuses that in exchange for registration and verification of identity documents, the trader is given some initial capital to trade with. Usually this initial capital is non-withdrawn and only its profit can be withdrawn under certain conditions. For example, Forex Time Broker offers a $ 5,000 no deposit bonus at the time of writing.
- Rebate Bonus: Rebate bonus is the return of spreads or trades commissions that are credited to the trader’s account in a single transaction, daily or monthly. Most reputable Forex brokers usually offer this incentive program.
- Introductory bonuses: In this incentive program, the trader will receive a gift of, for example, $ 25 for each new customer introduction.
Can Everyone Use Forex Incentive Programs?
Yes, why not! All traders who have gone through the authentication process in their broker, in other words, are the official client of the broker, can use all the services of that broker, including incentive programs. But be aware that each Forex incentive program in each broker has its own terms and conditions, so be sure to read the rules file thoroughly before you begin.
Also, you can usually use several programs at the same time. This means, for example, receiving a bonus on your account without depositing money and introducing a new customer at the same time. But it is usually not possible to use the no deposit bonus at the same time as the percentage bonus.
Which brokers offer Forex bonuses?
All brokers, without exception, offer Forex bonuses. Here are two examples in the two paragraphs above. You can use them to your liking.
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