1. Yuna Yemili
  2. Currency (Forex) Trading
  3. Thursday, 10 October 2019
  4.  Subscribe via email
Firstly what is a Forex deposit bonus?

There are a large number of Forex brokers out there and the number is continuously growing each and every year. With a Forex deposit bonus, brokers try to keep their existing clients from moving to competition.

In addition, offering bonuses on Forex deposit transactions is a great way to attract new clients. Also, the more funds you have, the greater the volume of your transaction - this way a broker can earn more in commissions and This is HUGE.

In other words, the Forex bonus on deposits is a way to reward traders because they trade with regulated brokers. The main attribute of a deposit bonus is a bonus given to your trading account after depositing a certain amount of funds.

In most cases, the bonus is a certain amount of money. However, it is possible to see some deposit bonus offers that give you certain prizes - iPad & iPhone are the most common.

In other cases, brokers can allow you to enjoy some premium material - exclusive webinars, account rebates and more.

Why do traders need a Bonus on a Forex Deposit?

There are many reasons to trade with deposit bonuses in your Forex trading account. To make a long story short - you can get more and do more when you have a Forex bonus on your deposit! As simple as that.

How can I gain profits from a bonus on my Forex account?

In simple words - you can get a spread and the commission you pay is compensated with a bonus. It is also possible to adapt one of the Forex bonus trading strategies and in this way you can really start exploring the whole new world of Forex trading.

Usually you will be given a 500: 1 leverage (depending on the size of your account). However, with such a big bonus, your maximum number of transactions increases. Because you have 60% more funds available, you can also open 60% more positions.

In this way you can trade with leverage similar to 800: 1. This is especially useful for trade breaks or trades on certain news releases. By opening a large position in the right direction, you can expect to generate large income with a relatively small deposit ?

To conclude, a Forex deposit bonus is really important for traders. So I really hope that this information will increase your knowledge of deposit bonuses. And if you want topics that interest you, please let me know.
Comment
There are no comments made yet.


There are no replies made for this post yet.
Be one of the first to reply to this post!
 
     
 

Latest Spot Rate

 
21 October 2019
In 2018, the government deficit and debt of both the euro area (EA19) and the EU28 decreased in relative terms compared with 2017. In the euro area the government deficit to GDP ratio fell from 0.9% in 2017 to 0.5% in 2018, and in the EU28 from 1.0% ...
21 October 2019
European open - Brexit, gold, oil - MarketPulseMarketPulseHome/Commodities/Currency/FX/GBP/Indices/Market PulseShare 0Sterling slips on Brexit delayEuropean markets are a mixed bag at the start of trade on Monday as the Brexit saga drags on, weighin...
21 October 2019
It appears that since Pro-rogue One: A Star Wars Story maybe, the loss of trust between Parliamentary MP’s and the Prime Minister’s office has become an unbreachable chasm. MP Sir Oliver Letwin added an amendment to the Benn Act on Saturday preventin...
21 October 2019
 MPs delay deal voteThe pound was under pressure from the outset on Monday morning after British MP’s delayed a vote on Boris Johnson’s Brexit deal by introducing an amendment to the Benn Act which would prevent an “accidental” no-deal exit from Euro...
21 October 2019
Daily Markets Broadcast 2019-10-21 - MarketPulseMarketPulseHome/Daily Markets Broadcast/DAX/Indices/Market Pulse/Technical Analysis/Technical Analysis IndicesShare 0Daily Markets Broadcast2019-10-21Wall Street slides on growth concerns...
How It Works | About | Contact | Privacy Policy | Forex Marketing
© 2009 - 2019 Forex Forum. All Rights Reserved. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.