Forex bonuses today offer the opportunity for a successful start in Forex trading with no risk of losing your own funds. Various offers and deals – for instance, complimentary, educational, or no deposit bonuses with and without withdrawal – will be of use for novices who would like to try this kind of investment and are not yet ready for the risk of investing personal funds. It is not only this fear that prevents a successful start, but also the lack of confidence in one’s own capabilities and a lack of trading experience.
- 1. No deposit Forex bonus
- 2. Forex bonus up to 100% from Alpari for registration
- 3. Bonuses of the program Alpari Cashback from Alpari
- 4. Welcome bonus of 250% from InstaForex
- 5. Forex bonus 55% from InstaForex by deposit
- 6. Forex bonus 101% from FreshForex by deposit
- 7. Riskless trading day from Grand Capital
- 8. No deposit Forex bonus of $500 from Grand Capital
- 9. Cashback up to $7 from any lot of NPBFX
- 10. Forex competition on the demo accounts of Tickmill broker
- 11. Forex bonus +10% for a reference from NewForex
- 12. Forex bonus for registration
- 13. Take a lead from the bonus for registration
- 14. Forex bonus for the first deposit
- 15. Forex tournaments: how do you work out the bonus?
- 16. What does the term «turnover» mean?
- 17. Complimentary Forex bonuses
- 18. Special Forex bonuses
- 19. No risk Forex bonuses
- 20. Deposit insurance
- 21. Training Forex bonuses
- 22. Forex contests and competitions
- 23. VIP bonuses in Forex
- 24. Forex bonuses: good or bad
- 25. Forex bonus for the repeated deposit
- 26. Cashback Bonus from Forex brokers
- 27. Forex bonus for an invited friend
- 28. Why do you need Forex bonuses?
- 29. How to use Forex bonuses correctly?
- 30. Money management for Forex bonus turnover
- 31. Reviews
It is important for the Forex broker of today not only to not lose his customer in tough competition, but also to offer him the chance to comfortably experience the platform and market, quicken his interest, and provide exciting and lucrative offers and insights. Professional traders also constantly look for solid brokers who consistently keep their promises. Today, plenty of beneficial offers and deals are available, which let you trade bonuses effectively and make yourself more confident. There are both deposit bonuses (accrued by deposit replenishment) and no deposit Forex bonuses, which are more in demand and may be used immediately after registration at the broker platform with no need to add funds to the deposit.
No deposit Forex bonus
In truth, a no deposit Forex bonus (what is Forex?) is one of the bonuses popular with traders; these are funds accrued to the user’s account after fulfilling certain conditions – mostly the trader shall undergo a registration procedure and be a novice on the Forex broker’s platform (most such bonuses are just for new customers). No deposit Forex bonuses are attractive for professional traders, too.
To gain your bonus you just need to sign up and fulfill other conditions like one of the most common for such bonus – the complete user verification. On the official website of the Forex broker, you can check out detailed no deposit bonus conditions. The trader, which used no deposit withdrawal bonus, can withdraw it from the platform in case he works it off. Such a way of getting real profits with none of the trader’s own investments is very exciting for traders today. No deposit Forex bonus 2017 is a unique opportunity to take a stab at trading while spending none of the trader’s own money.
If Forex trading brings you profit and you feel confident with it, you can transfer money for deposit and keep trading. If you see that this job is surely not for you, no deposit bonus will burn out, but you will not lose one cent of your money. Nevertheless, the feedback from traders about brokers on the Internet often speak to the inattentive attitude of such bonuses; users, having become attracted by the exciting offer, take it and then can’t withdraw the funds – which they deserve – for a long time. What’s the issue?
The exciting offer always hides its use conditions (compulsory working off, etc.), initially not noticed or not studied by traders, especially the beginning ones. So here you are, trading bonuses, wishing to withdraw them to a card. This is where the issues start, the broker declines the withdrawal request and it’s not the broker’s fault that you didn’t get to know about bonus use conditions.
The brokers of today, however customer-centric they may be, don’t operate at a loss; you can’t withdraw no deposit Forex bonuses for nothing; you can do so observing its use conditions only. All brokers have different bonus conditions, and even the bonus itself may be withdrawn, but after the essential turnover is reached. Part of the bonuses of Forex brokers are limited in timing constraints and upon lapse of time the funds are impossible to withdraw.
Because of the love-hate feedback from traders about brokers, many users develop the show-me attitude toward such offers. And yet you’d better appreciate trading bonuses with Forex and assess your own circumstances correctly. If you are looking for a favorable offer or a Forex trading offer, our main advice for you is to read the bonus use conditions carefully. Don’t buy into sexy slogans; get into the details of the offer: it may be a trap with complicated working out and withdrawal conditions behind it.
Study the company granting the no deposit Forex bonus, as there may be a flashman with exciting and super lucrative offers longing to wrangle a customer along with his money. The trader gets attracted by the bonus and starts trading but doesn’t have a clue that the profit is designed in the system. Elated by success, he starts transferring his own funds and loses them. This is a quite common scam scheme, so you shall study the broker companies, offering bonuses, too, otherwise you my simply lose both time and money, along with inspiration for Forex trading.
Forex bonus up to 100% from Alpari for registration
A favorable offer from Alpari broker. All you need to gain it is:
- Open an account on Alpari’s official website (follow the special link pressing the offer banner on the home page of the company’s website),
- Deposit the real account for any sum up to $100 within 7 days,
- That’s all – the bonus is yours.
You can take advantage of this offer only once; it is applicable for the company accounts standard.mt4. To withdraw funds, you need to make the trade volume equal to the bonus sum within 30 days. If the trade volume will be completed before 30 days, the trader may immediately withdraw the bonus funds.
Bonuses of the program Alpari Cashback from Alpari
The loyalty campaign of this broker is unique in the Forex industry. To become its member, you only need to sign up following this special link. Using the program the trader can trade, deposit accounts, invest, and gain bonuses in the form of credits (alps), which he may use in any way convenient for him: exchange for real money, apply for turnover of costs, spent on different commissions (this may be spreads or negative swap deals). The credits are given for simple actions, too: for example, registration at the broker’s platform, opening an account, or loading the deposit. The more active you are on the Alpari platform, the more credits you gain and the bigger the sum for withdrawal.
Welcome bonus of 250% from InstaForex
A bonus of 250% at registration is one of the most lucrative offers of InstaForex – the chance to increase your deposit by 250%. The larger the sum you have in your account, the greater the chance for gaining profit from Forex trading. To be a member of the bonus program you need to:
- be a new company user,
- open an account and undergo the complete verification by the broker,
- deposit into the real account,
- send a special request on the website for getting the bonus.
You can withdraw all income from trading bonuses; all you need is to reach a certain trade value (it’s calculated as follows: X*3 lots, X = the sum of bonuses).
Forex bonus 55% from InstaForex by deposit
The palatable bonus works by every loading deposit; this gives you a chance to get fresh funds automatically and trade a deposit 1.5 times more than the existing sum. To use the bonus, you shall:
- open an account with the company (the offer doesn’t work with other bonuses),
- deposit it,
- send the request about your wish to get the bonus.
So the bonus funds will be paid for any loading of your deposit no matter the trade results. This option lets any trader (both a novice of the platform and a current customer) work with large volumes. You may withdraw all income from trading bonus funds, but you need to reach a certain trading volume first (can be calculated using the following formula: X*6 lots, X here = bonus funds volume).
Forex bonus 101% from FreshForex by deposit
The favorable offer from FreshForex is a chance to double the volume of funds on deposit, and that means even more opportunities for getting profit from Forex trading. The bonus works for any account loading. To take the advantage of the offer, you shall do the following:
- open an account (the bonus works for accounts ClassicMT4 or Market Pro MT4),
- complete the verification procedure,
- deposit for at least $100.
Riskless trading day from Grand Capital
TThe lucrative Forex bonus from Grand Capital lets users trade the whole day with no losses. To participate in the bonus program, you need:
- open an account,
- complete the full verification, submitting identification documents,
- in the personal account (in the section with offers), choose this bonus, specify the account and date for withdrawal, and when you wished to get your funds turned over, and
- the bonus will be carried in right after you send your request.
Any customer trading on Real Options or Real Options Pro accounts may use the bonus. The bonus works by those traders depositing at least once a month. To withdraw the bonus, you need to fully work it out by completing a volume of transactions that is 40 times the size of the bonus sum.
No deposit Forex bonus of $500 from Grand Capital
A no deposit Forex bonus of $500 from Grand Capital is one of the biggest offers of this kind among brokers. Any existing customer of the company or a new one can use it. Traders get $500 for real trading for 7 calendar days. After the period of the bonus finishes, the bonus is charged off automatically and the trader is left with the profit that he gained from trading the bonus on his account. This sum becomes the real account and may be used for deposit and withdrawal. To activate this real account, one shall deposit a sum equal to the profit gained from the bonus trade.
This no deposit Forex bonus may be granted for a trader just once. To take advantage of it, you need just to:
- open a training account,
- get your identity verified (for this you need to download the passport scan to your personal account and confirm the mobile number),
- leave a request for participating in the program.
Cashback up to $7 from any lot of NPBFX
The profitable cashback of NPBFX is a chance to get payouts while executing deals through Forex trading. To take the advantage of the offer, you shall:
- make a deposit for at least $100,
- send a message to the broker’s e-mail, explaining your wish to participate in the offer.
The Forex bonus lets you get up to $7 for each deal completed. While trading, scalping, which is automated trading with robots and advisers, is possible. Cashback is available for withdrawal and for trading transactions as well.
Forex competition on the demo accounts of Tickmill broker
A competition on the demo accounts of Tickmill provides the chance to try your skills in no risk trading along with gaining one of the cash prizes (the common prize pool is $3000), including the main prize of $1000. In addition to a nice monetary prize, the winner will get a free VIP account. The Forex competition takes place on a monthly basis and any user may take part in it (both novices and existing users of the platform).
To take part in the competition you need to:
- open a demo account,
- fill in the request for participation,
- then you can start trading and get the prizes deserved.
Forex bonus +10% for a reference from NewForex
The bonus of the Forex broker NewForex will let you get an extra 10% for trading added to your deposit; both novices and loyal customers of the platform may take the advantage of the bonus.
Any trader can get the bonus – he needs only:
- open a First Stream or New Grade account,
- leave three pieces of feedback about the broker on the relevant sites and forums about Forex,
- send an e-mail message to the broker with the feedback links and screenshots attached.
The maximal bonus sum may be $100. The broker pays the bonus regardless of whether the trading is effective or not. All bonus means may be withdrawn.
Forex bonus for registration
The bonus for registering on the broker’s platform is the Forex bonus with no deposit and the chance to start trading easily and with no risks. To take advantages of this, you need to complete the registration procedure and start trading. If you are not happy with your broker, the quality of terminal operating, etc., you can change the platform without losing money. If you want to withdraw funds and change brokers, keep the bonus conditions in mind.
Take a lead from the bonus for registration
To get profit on no deposit bonuses, you have to keep in mind the conditions of their working out. Forex brokers are not ready to give their money away for nothing. If you want to withdraw bonus funds, you have to meet some requirements – for example, verify your identity by submitting scans of your documents (e.g., passport), which is usually specified in the bonus conditions. This is so you are not able to get this bonus again. Then, after you get the money onto your account, you have to reach a certain trade value, for example 30-50-times the turnover.
Often the sexy bonuses for registration are the illusion of «free cheese in a mouse trap», focusing on new customer acquisition. In this case, even if you meet all of the required withdrawal conditions, the scam artist will yet find a reason to decline your withdrawal request. To avoid such an outcome, choose the broker you plan to work with carefully, do not buy into promising slogans, and study traders’ feedback about brokers.
Forex bonus for the first deposit
Such a bonus for the deposit is offered by almost all of today’s Forex brokers. After a trader adds funds on his deposit, the broker transfers him the welcome bonus, which may be up to 100%. Most often this sum does not exceed 30-50%. And again, here you can’t withdraw the money immediately. You have to work it out reaching the turnover of bonus funds 20-50 times. This is so the trader does not withdraw the bonus as soon as he gets it (considering himself a smart ass), but on the contrary, after completing a series of actions, he deservedly transfers it and spends it the way he wants.
The full truth about Forex is that the brokers don’t want to grant their money for nothing; that’s not profitable, because once the traders gets the money, he may leave the platform forever, and the bonus funds will therefore be wasted.
The companies consider the policy of customer care, supporting those who wants to trade with Forex and get more. So if you are serious in your intention to learn a trader job, you have nothing to be afraid of. But there is more to come. Taking part in the welcome bonus program you have to know that you will be able to withdraw neither bonus, nor your money. But what if you want to change the platform or are not happy with the terminal and service quality? You have to work your bonus out; then you may change the broker.
Forex tournaments: how do you work out the bonus?
Tournaments in Forex are arranged by brokers to encourage active users; they increase experience in trading and let you earn good money when you win. Brokers keep arranging competing events, and they are popular among brokers as very valuable prizes are offered for the winner. Often contents let the broker company notice promising traders, which they can incorporate into their staff.
Such Forex contests can be on both demo and real accounts. Participating in contests on a demo account, the trader gets a chance to gain money with no investments. For the winners of contests and tournaments, very different Forex bonuses are offered: valuable gifts and monetary prizes, which may be withdrawn at once or played out in a number of trades. Before you take part in a tournament in Forex, study the conditions well.
What does the term «turnover» mean?
This term means trying not to be in the red for the whole trade value. Can a beginning Forex player can trade profitably, with no losses? It’s hardly probable. So it’s not always good for novices in Forex to use bonuses; they should probably do so only if they have positive experience with real Forex trading. If you are well experienced in trading, then it may be possible for you to reach the turnover required. For Forex novices it will be difficult to reach the given level; thus they will have to leave all of their money for the broker and find another brokerage company, where the situation might happen again just because they bit off more than they could chew.
Complimentary Forex bonuses
Complimentary bonuses for Forex brokers are known also as temporary, offered for traders in honor of a big event, holiday, or offer. Complimentary offers attract users, especially with various prizes, even valuable ones, which may also promise an impressive percent of the bonus. Such bonuses keep being carefully imposed on the user by company managers, who will repeatedly call you and beg to add funds to your deposit ASAP, as the offer is open until tomorrow morning only.
Be careful when participating in such bonus programs; don’t buy into managers’ fast talk, which is aimed only at getting your money, and then they disappear; the rest you will have to clear yourself: most often it will be unprofitable, unrealistic conditions for working out funds. Apart from this, the complimentary Forex bonuses are offered on a constant basis, so think twice before taking part in them.
Special Forex bonuses
There are also one-of-a-kind complimentary Forex bonuses. For example, the broker company suggests you double your income during the offer validity period.
So, if you can bank on 10-15 times with the same sum, the broker doubles your incomes. The bonuses work on special conditions, which are supposed to be learned before, otherwise there may be the condition to reach 500 times the turnover (this also happens, so be careful).
No risk Forex bonuses
No risk transactions are also popular with traders today. Brokers offer them both to new users and professional market players. More often there may be such cases on the market: «three (four-five etc.) first transactions with no risks», «A day of no risk trading» (which means the whole day of lossless trading). According to the broker’s promises, all funds lost while trading will be returned to the deposit. Sounds hot and attracts lots of traders, as it seems you can trade as much as you want – there are no risks! Study the conditions of such bonuses carefully: the funds turned over become bonuses automatically and are required to be worked out; otherwise they are impossible to be withdrawn. Is a trader spinning his wheels with such a bonus? As things stand now, yes; beware of such «presents» from your broker.
Another kind of no risk bonus. If the stake was adverse for you, the broker turns it over to your deposit automatically; your entire capital turns into the bonus, and to be withdrawn it is supposed to be worked out in the trade value. It appears that again, you are a bonus addict.
Training Forex bonuses
The training bonuses of Forex brokers are not a rare thing on the market. To participants of such bonus programs, different free training materials such as books (often useless for you) are offered, or accesses to seminars and webinars; you need just add funds on deposit. Webinars, which the trader gets as a complimentary bonus may be both useful and, alternatively, appear to be simply trash.
Forex contests and competitions
Forex contests and various competitions can’t be considered adequate bonuses, as for you to get rewarded with a prize, you have to take part in a contest. Today’s Forex brokers keep offering different contests, both for demo and real accounts. Such a scheme of Forex contests occurs where the trader gets an account with virtual money, and after the game he appears to be obliged to work the bonus out reaching the required trade value. In this case the conditions may be both gainful and not. The big companies prefer to prepare real working out conditions though, for example 3-5 times higher trade value. The Forex contests are often offered for demo accounts, but the prizes given by the broker are real. In this case you also shall study the contest conditions carefully; otherwise working out of prize pools may appear to be a challenge.
VIP bonuses in Forex
VIP bonuses in Forex during 2017 isn’t a rare thing in the market either. VIP traders actually bring good incomes to the broker, so there are special programs, offers, and Forex bonuses for such users; they provide certain privileges for profitable customers. To take advantages of such bonuses, all you need is a pretty penny (often $30,000 to $100,000 or more), which is supposed to be transferred to the deposit for trading. Then an account manager will get in touch with the user, with the whole list of exclusive offers and opportunities and do his best to make your trading much smoother.
Forex bonuses: good or bad
Forex bonuses in 2017 have earned the most controversial image among traders. On relevant forums you can find a lot of negative feedback from traders about the bonuses of different brokers: the broker does not fulfill his promise, money cannot be withdrawn, the conditions for working the bonuses out are impossible, etc. After all, «fair» Forex bonuses exist and, with a circumspect approach, they will be useful to you. If, for a professional player of the Forex market bonuses are a real opportunity to increase his income, the newcomers simply give their money to the broker, which is happy to take advantage of their naivete. Experienced trading professionals have the more serious attitude regarding the trading process and are able to make the required turnover to withdraw some bonus money – that`s obvious. But what about novices? In this case everything is quite simple and expected.
With no information about what Forex is, no experience in Forex trading, and no confidence in their abilities and capabilities, new market players take part in the most profitable and interesting bonuses without much thinking. They believe that bonus funds are given for nothing. In the meantime, it turns out that they cannot be withdrawn, because the «cunning» broker demands the trader make turnovers. At this point the poor excuse for a trader loses all his money, because the terms of the offers turn out to be unprofitable and difficult to complete. There are many such trader reviews on the Internet, and market players often complain, as if a broker didn`t explain to them the conditions of receiving the bonuses and even deliberately concealed them. Well, to trade in the Forex market you have to act on your own behalf and if you intend to work hard and efficiently, you should not be afraid of tall tales.
One can say that a secret purpose of Forex bonuses is to bind the trader to the trading terminal and he will not receive the funds until he works the bonus out. The advantages of this approach for the company are that the broker really becomes a customer who is trying to work the funds out. If you don`t want to work the bonus out, the broker will be happy anyway as the money remain with him. How can you make sure you are not scammed by brokers offering bonuses? It is very simple: read the terms and conditions of giving bonuses, and think twice whether you need them or not, before you accept them.
Forex bonus for the repeated deposit
A Forex bonus on the repeated deposit is one more of the most in-demand bonuses. It seems the broker appreciates its users and grants one more bonus for the repeated deposit with real money. Sounds hot, and traders use it. However, there is more to this than meets the eye. It is one more way to «anchor» the user to the trading terminal making him work out the bonuses. Usually repeated bonuses are smaller than greeting offers by registration. If you are assertive and honest with your broker, you can certainly use bonuses, but don’t forget read the bonus conditions carefully. If you aren’t sure about anything, think twice about why you need such a «Caffus», and if you do, you’d better gain experience without rushing, trading on your usual account.
Cashback Bonus from Forex brokers
Cashback is the special program of partial reimbursement of money used in transactions. Such programs may be focused both on new users and on loyal customers of the company. The cashback usually happens for both marginal and lucrative deals. Its amount and program conditions differ by broker; you need to study the information carefully. Generally, to get cashback you don’t have to do extra steps, everything comes automatically.
Forex bonus for an invited friend
Forex bonus for a friend invited (or one more bonus for a reference) is one of the widespread offers of brokers. To participate in such offer and get bonus funds, you have to bring new customers to the company. The bonus sum may be up to $100. But here you have to study program conditions, too; if you want to get the money, your friend is supposed to not only show interest in the broker platform, but also be active in trading there.
Why do you need Forex bonuses?
After the trader gets to know about the main Forex bonuses of 2017, he needs to realize why he needs them and if he needs them at all. Sure, you need the bonuses and their advantages are indisputable. On the competitive market it’s not that easy for brokers to win over their customers, and different bonuses serve to attract new users and professional traders.
Bonuses let us increase the sum on the deposit or start trading in Forex with no investments at all; they are of use in the following cases:
1. to start Forex trading with no need to invest your own money. So the user does not risk his capital and can gain and withdraw the real funds without investing any coin of his own;
2. to minimize the risk of possible losses when increasing the deposit sum. The more funds you have in the account, the more chances you have to earn profit. In this case, if the trader is experienced, he can apply his capital in the appropriate way and get good results;
3. to cover the negative balance in case of losing entrepots, and keep trading in Forex with a chance to gain profit;
4. to get experience working with the Forex broker, its trading terminal, and working conditions. Trading virtual funds with no deposit bonus, it’s quite easy to recognize a fraudster in a broker who does not fulfill his promises. In this case you may save your money and simply quit such a company.
How to use Forex bonuses correctly?
If you have interest in a Forex broker’s bonus, you need to:
- study the broker’s image (the feedback from traders about this broker on the Internet, etc.) and choose a Forex broker,
- study the Forex bonus use conditions,
- study withdrawal aspects (which trade value is supposed to be reached to make the withdrawal possible),
- get ready for a serious attitude while trading,
- not buy into the bonuses which seem to be lucrative (especially those offered by suspicious broker companies).
Don’t take part in the broker’s offers, which seem to be lucrative, as the larger the sum of your deposit, the more complicated the trading is, and it’s easy to get confused and lose everything. Start trading with a minimum deposit (for instance up to $100) and minimal bonuses that don’t exceed 20%.
Money management for Forex bonus turnover
Traders often think the only thing they need to be successful in Forex trading (the full truth about Forex) is a profitable strategy and they keep looking for it, try, but they can’t avoid losses. Why does this happen? Because they don’t consider money management – the simple clear rules, which may help the trader to decrease risks and always earn a profit, even if losses happen. A professional market player differs from a novice in that he trades the deposit consciously. Well, what are the rules of money management?
The sum of one transaction shall not be more than 5% of the sum on your deposit.
- use stop losses and protective orders, which will protect you from possible losses.
- in the case of 2-3 losing entrepots, it’s better to stop trading and leave the market.
Don’t try to win back and retrieve your losses. What to do if the trade brings only losses:
- stop trading, since you either don’t understand the market or are making mistakes forecasting, etc.
- get back to trading on a demo account (and fix the results on a piece of paper, in the trader’s carnet).
- after you get good results, you may go back to the real market.
Money management helps you organize your trading deposit in such a way that its size increases smoothly and losses become smaller.