Who can ignore the profit which is got from the best forex welcome bonuses? Especially for the people who first join the forex trading market, welcome bonus can make your trading career become a breakthrough. Have you ever considered whether a broker has good welcome bonus programs or not? Let me share my some experiences and opinions about the best forex brokers in the world that I suppose to have excellent welcome programs.
Which brokers have the best welcome bonus programs?
There are 3 names of present-day brokers that I assume have first-rate welcome bonus programs:
FBS
XM
FXTM
XM is the broker I like most because it has attractive welcome bonus. In addition, XM provides its clients a 100% bonus on new deposition.
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Superior forex welcome bonuses and their standards
Generally speaking, this piece of writing is mainly about bonuses. I am delighted to be here to tell you about my 3 individual standards that can help you in choosing a broker accounted on their bonus program:
- Uncomplicated withdrawal conditions
Concerning the act of withdrawing bonus, some brokers have strict policies. Therefore, if you can’t withdraw your welcome bonus straightforwardly, you can get the profits gained from trading beside the bonus money. That makes you feel secure about your future.
Some brokers have firm condition that comes with withdrawing bonus such as the minimum lot traded requirement. More specific numbers on the min lot traded requirement of the aforementioned best brokers are as follow:
XM by far has the most attractive withdrawal condition. Its clients only have to complete 0.1 lot to be able to withdraw bonus profits.
The second is FXTM. The people who choose this broker will have the requirement of 1 lot traded to be able to withdraw profits.
FBS has up to 123 bonus programs. The max welcome bonus is $123. You can withdraw for each lot traded with the highest profit is $3.
- Good welcome bonus value
Apparently, everyone wants the welcome bonus amount to be as high as possible. In 3 brokers that I’ve listed, FBS offers the highest realistic welcome bonus amount which is $123. Despite the fact that FXTM and XM offer moderately the same amount of welcome bonus which is around $30.
- Forex brokers have to be reliable
Evidently, your brokers have to be reliable and clearness. As far as I’m concerned, in term of this, XM is first-rate.
Do you know how many types of bonuses?
Many Forex brokers offer variety bonus programs. People can choose welcome bonus, Lot back bonus (Loyalty bonus), Deposit bonus as well.
What is forex Deposit bonus 2018? It is the bonus program which is based fully on the clients’ deposition amount. That’s a reason why you can get more money from this bonus without difficulty by depositing more money.
What about Lot back bonus (Loyalty bonus)? It is the bonus program that most traders who have experiences like better because this program automatically rebates a portion of your each transaction to your account.
Withdraw your forex bonus profits. Really?
Most forex brokers have certain withdrawal policies. At present, there are 2 known conditions that most broker require:
- Accomplished trading lot requirements. Let me explain more clearly. You need to have accomplished at least a certain amount of trading before withdrawing the bonus. On the other hand, the policy has its own weakness. The traders have to deposit even more money than the bonus itself so as to complete the trading lot requirement.
- No direct bonus withdrawal: There are many exploiters and cheaters will take advantage of gaps and make a profit. Therefore, many brokers don’t allow their traders to withdraw the bonuses such as deposition bonus or welcome bonus directly.
Which brokers are better?
Are you in a divided mind as to choose brokers with low spread or good bonus? Initially, most people would prefer brokers with good bonus programs. But we can recognize brokers with low spread are also good.
In the long-term, if you choose them, you will trade with the best trading conditions that you could have.
Top 4 outstanding Forex bonuses
In my opinion, here is the list of the best forex brokers that have superior Forex bonuses programs:
Best welcome bonus – XM: 30$ welcome bonus
FBS: 50$ welcome bonus
Best deposit bonus – XM: 100% deposit bonus
Lot Back Bonuses – Exness.
You may concern Exness reviews or Exness accounts.
How can the traders exploit Forex bonus programs?
Undoubtedly, using any kind of cheating method is not good. Nonetheless, if you think you need, here are 2 popular methods. They involve creating multiple accounts to exploit the welcome bonus program:
- Hedge 2 recently created account: You’d have to let 1 account wins while the other one loses so as to maintain a win rate of 50%. Cheating in this way can be suitable for the brokers with loose withdrawal policies.
- The other method is that you take advantage of high leverages to open enormous position. This method is recommended to apply on the brokers with high leverages.
For Thai forex traders, more about โบรกเกอร์ forex ที่ดีที่สุด 2018