Forex trading is a confusing world that some people may be afraid of losing money. Bonus forex 2019 may be a way that makes traders to think that they can make benefit from and can save an amount of money for trading cost. But, to gain benefit from bonuses, traders have to understand clearly about the bonuses. Here, I wrote the article that help traders to decide on how to define the best forex bonus brokers.
How many types of bonuses:
You should be aware that bonuses are only for the traders who have signed in with the brokers and have the accounts which are working on the trading site. The brokers make it a helpful strategy to gain more clients to work with them even they are the new clients or the old traders who already have an account with the brokers. About the bonuses, traders are free from any fees and they just need the accounts and some requirement about the deposit or trading lot sometimes.
As below I will give you some information about three main kinds of bonuses which are popular now.
Lot Back program:
This is designed for traders who have a lot of skills and experience because this bonus requires the certain level of loyalty of traders. And the bonus is often given for those who have done more executions or which means they have been trading a lot with one brokers. Overall, the loyalty program mainly focuses on experience of traders.
Welcome bonus:
This one is more familiar with the beginners who have less skills and experience. So, they need welcome bonuses to practice trading because welcome bonus is given money for traders who first open an account with the brokers. Traders can trade for a while and learn a lot about the best forex brokers 2019 and also, brokers can have more clients to work with them. Welcome bonus can be structured as no deposit bonus or original deposit bonus, dependently on brokers’ strategies.
Deposit bonus:
On the other hand, there is another bonus that is for everyone, not just old or new traders, which is deposit bonus. With the reason that this bonus requires only the deposit making then traders who make the deposit all have the chance to win the deposit bonus. This bonus is awarded through the rate that brokers give. For instance, the rate is 50%, which means with 100$ of deposit, traders will have the total of 150$ in their deposit because of the 50% of the deposit bonus that brokers give to them.
The matter that must be focused to find out the best forex bonus:
The most important when searching for the best forex bonus is about time. No traders want to lose too much time to have the result of the best bonus for them. When you spend too much time and fund on searching for the best forex bonus, you may lose track and even can not define clearly the best forex brokers. So keep in mind that the time saving is a crucial point.
Here are the best forex bonuses currently:
- Best welcome bonus: 30$ welcome bonus of XM
- Best welcome bonus: 50$ welcome bonus of FBS
- Best deposit bonus: 100% deposit bonus of XM
- Exness bonus: Rebate 2 – 16$ per lot of Exness
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