What are Forex Bonuses?
With a large number of Forex brokers, each of them is trying to attract a client. Let's consider some of them. Bonus deposit. For example, when you replenish for the first time with the amount of $ 100, you are given another 100 on top, but on the condition that bonus funds can be withdrawn only after a certain number of lots have been traded. This is very convenient, since you still trade and this does not affect your trading strategy in any way, only after trading a certain volume, you will receive additional money + to income. Typically, this bonus is 50 percent of the spread received from your trade. The second type of bonus is ******. Likewise, the same 50% of the spread, only charged to you once a week or after each transaction. What distinguishes it from the first bonus is that you do not need to constantly replenish your account to work out its bonus. It is credited to you on a permanent basis and thus you simply reduce the spread by half. 3 - non-tradable credit bonus, which can also be up to 100% of your deposit, but does not participate in trading, but is given only so that you can increase the leverage. In my opinion, this is the most unprofitable bonus, as it significantly increases the risks of traders.
But you just can't make money on bonuses. It is very rare for a broker to give bonuses free of charge. Most often, a trader only adds a cash addition to the account, and bonuses can also increase as the funds on the deposit grow. Bonuses stimulate traders to attract more money and motivate those who wish.
There are no deposit bonuses. But most often they have very difficult conditions for working out. In most companies, you will never be able to withdraw profits unless you are very lucky in over clocking. Previously, such bonuses were popular, but many traders abused them, so they were canceled.
Bonuses are not an opportunity to achieve success. This is just a small encouragement and added interest to the company. You can never hope that you will succeed only on bonuses. All successful people have invested their money and developed!
Bonuses can help you, create more money, or increase your deposit. For me, in many cases, they help to expand the probability for a deposit drawdown. It's like a small airbag, the illusion of a big bill. Many traders specifically take maximum bonuses. They say they have 15,000 dollars in their account, but in fact there are only 10,000. Each one attracts attention in its own way.
No deposit bonus.
- An invitation bonus for new clients of the broker.
- No deposit bonus as a promotion.
- No deposit bonus for communication.
- No deposit bonus - like a prize in contests.
- Deposit bonus.
- Deposit bonus participating in the drawdown.
- Deposit bonus that does not participate in the drawdown.
Let's take a look at all these types of bonuses.
No Deposit Bonus
Perhaps this is the most favorite bonus for traders, why? Everything is simple here, the trader is given a deposit with a certain amount on it. You won't be able to withdraw this money, but if you bargain profit from it, it is available for withdrawal. True, sometimes, in the conditions for withdrawing profits from a no deposit bonus, a broker may require a certain volume to be rejected. In this respect, I like Instaforex .
Many brokers give a no deposit bonus as a reward for new clients. This is the so-called invitation bonus. I opened an account with the company, there is already a certain amount on it, with which you can start trading without depositing your own money.
Also, brokerage companies often hold promotions, during which you can get a no deposit bonus. Well, for example, for the round anniversary of the founding of the company. No deposit bonus for communication, for today, the most popular, with Instaforex , right on this forum, you communicate, receive payment, withdraw to a trading account. Well, the prize for the contests. Competition of traders, where the winner gets a prize, money for a deposit. There are prizes that can be withdrawn immediately, and there are in the form of a no deposit bonus. And again, Instaforex hosts a large number of contests with very solid prizes. In any case, I have rarely met such sizes of prizes.
It turns out like this, the trader sees that he has his own, say, $ 1000 and 500 bonus. Well, he believes that he has $ 1,500 at his disposal. based on this, it calculates what kind of drawdown the account can withstand. But as soon as the account drops to $ 500, that is, before the bonus, it will immediately be debited, all transactions will be closed and the account will be reset, such an unpleasant surprise. In fact, such a bonus is nothing more than useless numbers in the terminal. Yes, it allows you to open a deal with a large volume, but given how huge leverage is in the forex market, it is doubtful whether it is necessary.
Occasionally brokers provide a deposit bonus. which participates in the drawdown, this is already a more useful thing, however, it is rarely encountered.
Also interesting is the bonus for replenishment, with the possibility of working it out. Everything is simple here, you are credited with a bonus for replenishing your account and gradually, taking into account the volume of transactions opened and closed on the account, the bonus turns into your full-fledged money that can be withdrawn or traded on.