Forex brokers are always looking for ways to attract new traders to sign up with their trading platforms. One commonly used method to attract new clients is for financial trading brokers to offer bonuses for those who open a new account. There are various types of bonuses offered by financial brokers so it is best to review these offers before signing up.
Some bonuses will be deposited into your new trading account immediately after you have made an initial deposit. Other bonuses are provided to you after you have made your first trade. Oftentimes, brokers will require that you complete a certain number of trades before you receive your bonus. That is, many bonuses come in the form of rebates which are credited into your trading account after the completion of the required trades. Other bonuses do not even require you to make a deposit and will be credited to your account upon registration. Some bonuses are offered as gifts of various items, such as smartphones, laptops, tablets and other offerings.
Despite the many benefits of receiving a forex bonus, when taking advantage of some of these bonuses offered, you should make sure to understand all of the terms and conditions. Many times there are expiration dates on the bonus, which means you will have to complete a certain amount of trading volume before that date in order to receive the bonus. It is a good idea to consider the bonus offering, along with other advantages and disadvantages of each broker, before choosing a platform to trade with. Let us look at brokers with bonus offers in more detail.
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Xtrade
This is one of the world’s leading brokers, providing access to a variety of asset classes and trading platforms. Xtrade also offers a choice of secure banking options, a demo trading account and fast transactions. Xtrade also provides its traders with access to educational resources and a trading app.
Bonuses Offered by Xtrade
Xtrade offers a unique welcome package bonus which includes up to $6,000 for the first deposit, $25 cash bonus for phone verification, up to $500 cash bonus on the first trade and 20% cash bonus for account verification. They also offer cashback bonuses and VIP corporate gifts
Xtrade Trading Platforms
WebTrader and MetaTrader 4 (MT4) platforms are supported. However, MT4 may not be available for all account types. Xtrade also offers a mobile and tablet trading app.
Trading Instruments
Stocks, Forex, CFDs, bonds, cryptocurrencies, shares, ETFs commodities, metals and indices.
2Mercados
This reputable broker has 20 years’ experience in the financial industry. 2Mercados offers traders generous spreads and up to 1:400 leverage.
Bonuses Offered by 2Mercados
Bonus credits range from 10% to 50% on the first deposit.
2Mercados Trading Platforms
Meta Trader 4 and Web Trader (mobile, desktop and web browser) supported.
Trading Instruments
CFDs, Forex, stocks, cryptocurrencies and indices.
GSI Markets
This reputable broker has 20 years’ experience in the financial industry. 2Mercados offers traders generous spreads and up to 1:400 leverage.
Bonuses Offered by GSI Markets
Traders have trusted this top Forex broker for more than a decade. Investors will enjoy a plethora of powerful trading tools on the GSI Markets platform as well as top customer service and secure banking.
GSI Markets Trading Platforms
Compatible with Sirix, Meta Trader 4 and WebTrader platforms.
Trading Instruments
CFDs and Forex.
CapitalXP
Founded in 2015, this broker quickly became one of the most respected in the industry. Investors are able to access a plethora of tradable assets with CapitalXP.
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Bonuses Offered by CapitalXP
Welcome bonuses for new accounts ranging from $250 to $500.
CapitalXP Trading Platforms
WebTrader 4, MetaTrader 4 and desktop and mobile platforms supported.
Trading Instruments
Forex, indices, stocks, CFDs and commodities.
Graham Alpha
A highly-rated financial trading broker, this financial firm is owned and operated by EZ2Go Limited.
Grahamalpha’s trading platform is powerful and seamless.
Bonuses Offered by Graham Alpha
Deposit bonuses range from 25% to 50% depending upon account level.
Graham Alpha Trading Platforms
Compatible with Activ8, WebTrader, MetaTrader 4, iOS and Android platforms.
Trading Instruments
Cryptocurrencies, commodities, indices, and Forex.
Profit Trade
With six different types of trading accounts, this broker will surely have the features that will fit your personal preferences. Profit Trade provides access to a wide array of tradable assets.
Bonuses Offered by Profit Trade
Traders receive deposit bonuses ranging from 100% to as much as 200%.
Profit Trade Trading Platforms
Available platforms are Web Trader, Tablet Trader and Mobile Trader.
Trading Instruments
Forex, stocks, cryptocurrencies, indices and commodities.
TrustFX
Utilize multiple platforms, various types of trading accounts, and useful trading resources with this reputable Europe-based broker. Also, there are numerous trading instruments to choose from.
Bonuses Offered by TrustFX
Depending upon account level, deposit bonuses can be as high as 100%. Prizes are also given for account top-ups.
TrustFX Trading Platforms
MetaTrader 4, Web browser and mobile are the supported platforms.
Trading Instruments
Stocks, Forex, commodities, indices and cryptocurrencies.
24Option
Starting operations in 2010, this online trading platform has earned a strong reputation among traders all over the world. 24Option has made sure its platform is streamlined and easy to use for traders of all experience levels.
Bonuses Offered by 24Option
Welcome bonus from 30% up to 100%. Higher bonuses are issued to higher account types.
24Option Trading Platforms
Web-based trader and Meta Trader 4 platforms are supported.
Trading Instruments
Forex, cryptocurrencies and CFDs.
Capital Seven
Focusing solely on cryptocurrencies, this intuitively designed trading platform is one of the best in the industry. Traders have access to advanced trading tools with the Capital Seven platform.
Bonuses Offered by Capital Seven
Offers deposit bonuses of up to 100%, depending on the level of trading account.
Capital Seven Trading Platforms
Frontrader platform supported.
Trading Instruments
Cryptocurrencies only.
What Does Each Bonus Mean?
As mentioned above, and from the broker options provided, it is evident that there are numerous Forex brokers with bonus offerings available for traders. However, before choosing a broker, it is a good idea to have a solid understanding of the various types of bonus offers. The following is a breakdown of the common types of Forex bonus offerings:
Deposit Bonus
A deposit bonus requires you to make a deposit before you are able to receive the forex bonus. Generally, this type of bonus is offered to all users of the platform. Either an initial or subsequent deposit is the requirement to receive the bonus. Generally, a deposit bonus will be a percentage of the amount deposited.
No Deposit Bonus
This type of bonus offering does not require you to make an initial deposit in order to receive the bonus credit. No deposit bonuses allow you to try out the platform and earn real profits before you risk any of your own capital. Your account will be credited with the bonus usually right after completing the account registration process.
Welcome Bonus
Many brokers, in an effort to attract new users, will offer a welcome bonus. These bonuses are usually only for new clients. Therefore, if you are already an account holder, you will not be eligible for the welcome bonus.
Regular Customer and VIP Bonuses
If you are already a regular customer, your broker may offer you a bonus for sticking with the broker. These programs are special bonuses for loyal customers. Generally, you will be required to stay with the broker for a specified period of time and to trade regularly to receive a customer bonus. The VIP bonus is a type of bonus which requires you to register for a VIP account or some higher tier account in order to receive the bonus.
Pending Bonus
This type of bonus is dependent upon you performing some type of action which has been specified by your broker. Many times completing a certain trade volume is required before you will be able to receive your pending bonus.
Reload Bonus
Many times, brokers will offer regular and loyal customers reload bonuses. These types of bonuses offer traders the opportunity to make an additional deposit in order to receive an additional bonus. This is usually a percentage of the deposited amount.
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