A good welcome bonus seems like a very good motivation for those who are new to the trading market. That’s why choosing a appropriate broker offering a suitable amount is a difficult consideration. Today I am going to introduce to you all of my opinions about this concern together with what I have experienced faithfully. In addition, I will also suggest you some of the brokers with extraordinary welcome programs.
1. Top 3 brokers with the best welcome bonus program.
This suggestion is based on my practical experiences working and trading with different not only popular but also skillful brokers. There are 3 names that I want you to reference:
Among these 3 names above, I appreciated XM the most due to their attractive policies. Besides offering an impressive amount of forex welcome bonus 2018, a 100% bonus is also available whenever you put a new deposit.
2. Factors that form a good forex bonus program.
Along with recommendations of particularly brokers, I also want to list out some standards of a good forex bonus program just in case you have to find a broker on your own and with information that I gave you could do it well.
– Withdrawing must be easy
First of all I want to make sure you know that bonus is not for withdrawing. Don’t worry. In fact, welcome bonus is a gift from brokers which is added directly to your trading deposit and absolutely you are able to take all the profits earned from it. Now you may know why bonus withdrawing always goes along with specific requirements such as minimum amount of traded lot. Some particular numbers given by mentioned brokers as below:
o XM seem to have the most acceptable withdrawal conditions which is 0.1 lot trading completed in order to withdraw bonus profits.
o Similarly, FXTM also require an amount of 1 successful traded lot and then traders are able to take their profits.
o FBS offer traders a different deal. They give traders bonus up to $123 within their 123 specific bonus programs. However, they allow traders to withdraw profits with $3 maximum per lot they traded. In particular, you have just earned $60 of profit within one week of trading. If you want to withdraw all that amount, you must have done at least 20 traded lots.
– Highly valuable welcome bonus.
Noticeably, every single trader wants their bonus value as high as possible. And among those 3 brokers listed FBS is the broker that offers the highest value welcome bonus which is up to $123. Meanwhile, XM and FXTM give a offer of nearly $30.
– Highly trusted brokers.
Obviously, you can not succeed if you do not completely count on your broker. Therefore, choosing a highly appreciated broker in term of reliability and transparency is necessary. In my opinion, XM seem to be the brightest nominee.
3. More bonuses.
Other than common welcome bonus, best ECN brokers all offer traders with a lot of particularly different bonus programs such as Deposit bonus and Lot back bonus (Loyalty Bonus). As a detail:
Deposit bonus: As its name, this kind of bonus program totally depends on the amount of your deposit which is the more money you deposit, the more money you get back.
Lot back bonus (Loyalty bonus): Most of professional or long time traders go for this kind of bonus. Traders are immediately returned back an specific amount of money for every lot they finished by the automatic system.
4. Absolutely you can withdraw your bonuses.
As I have told you before, all brokers allow you to withdraw your own money of bonus by satisfying their particular conditions. In general, all brokers commonly share these 2 conditions:
– Lot requirement
I have also give information about this matter above. To sum it up, you reach the minimum numbers of traded lot they noticed before, you can take your money. However, what traders do not like upon this requirement is that most of the time traders have to deposit an amount of money which is much more than the value of the bonus to complete the targeted number of traded lot.
As we can see most brokers do not make a direct transaction to trader’s accounts. The reason is that people will using tricks to make profits for themself and make big damage for brokers.
5. High bonus and Low spread. Which broker to go for?
We can easily recognize that new traders usually prefer the brokers with highest bonus. However, long time ones are opposite. Low spread is really helpful later. If you have a long term strategy, you should go for low spread because it make you feel more comfortable everytime you make a transaction especially when it comes to trade with bigger amount of money. Exness leverage is also worth considered.
6. Top 4 good forex bonus.
My recent research show the top 4 good bonus programs upon the amount of money you get as below:
– Best welcome bonus – XM: $30 welcome bonus.
– Best welcome bonus – FBS: $50 welcome bonus.
– Best deposit bonus – XM: 100% deposit bonus.
– Lot back bonus – Exness Rebate from $2 to $16 per lot.
7. How to really earn profits from bonus programs.
Obviously, cheats are not recommended in any situations. However, if you have your own excuses to do so, you can see these 2 methods which are based on the act of creating a lot of multiple account in order to take advantages from the welcome bonus program:
– Create 2 new accounts and get them hedged by maintaining the win rate of 50%. To achieve that, you just have to let only one account wins and the other lose. However, this method only work for brokers with loose conditions.
– This method is alike to the above one. But you will earn your profits from the leverage that they offer for big investment. Similarly, you need a brokers that offer the leverage as high as possible.
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