Totally clueless about Forex Deposit Bonus? Hooray, you have been landed in the right place. Now, it is time to learn HOW to make moolah!
Let’s ask you this first.
Whether you are a beginner or an expert trader with years of experience, in both cases, having the right trading knowledge is extremely important.
Dude, knowledge is POWER! Uuh, are we clear? Each trader should know WHEN & HOW to trade and when NOT to trade. TopAsiaFX team has got you covered! Here’s detailed information about Latest Forex Deposit Bonuses and all you need to know about it.
This sneaky article will help you to explain what a forex REAL bonus is? What’s its purpose, what are its benefits? How could you avail it? And much more. Ready? Keep reading until the end.
Forex Deposit Bonus is considered to be an appealing limited-time discount or bonus or any other offer by a broker.
To say it in a slightly different way, it can be implicit as a present that an online trading company gives to its customers. In contemporary times, people use the word "Promo" frequently for these offers.
As we explained a little above, the forex live trading bonus is a method of providing additional benefit to the BROKERS who are willing to avail the chance and create a substantial profit by connecting to a specific broker. If you are a trader, regardless of being a beginner or a professional trader, it is an inevitable opportunity for you.
Occasionally, a representative may offer you a commission or bonus based on the amount you have deposited. But not to worry, if you don’t have an amount for making up the minimum deposit, you can still claim no deposit bonus.
Hence, we will focus mainly on the forex deposit bonus. Sounds good, right? A deposit bonus can significantly improve the profit and margin of your trade business.
Simplicity pays! To keep the KISS metric in place, the deposit bonus is of two kinds:
Tradable Deposit Bonus: This bonus adds directly to the customer’s account principal balance in MT4. In case you lose track of your starting investment, you can still carry on with your trade by the use of the remaining bonus amount and can steadily draw out the winning bonus leaving the bonus balance.
Credit Deposit Bonus: This deposit adds to the credit section instead of the customer’s main account, and you have lost your initial investment, you cannot utilize this bonus. The forex bonus is just a way the dealer uses to benefit the choice of the client and provide him an additional bonus for the trading purpose. Only right forex brokers allow drawing the client’s extras without causing any inconvenience.
There are many platforms, and these offer a large number of bonuses after you invest. If you see the Forex bonus is zero cost also consider that this is not the real ONE!
It is not a freak offer, it is a limited time, and the company offers it because the company wants it at that specific time. The real forex brokers always want new clients to invest, and the bonus is for catching the attraction of the beginner traders.
That’s correct; you can BID and ASK currencies against each other as a short-term trade, long-term investment, or something in-between. Think again. Think the stock market/FX trading is huge?
An investment firm has the primary purpose of expanding its business. To fulfill this purpose, all the time it needs small and big fishes (maybe you’re one of them) to replenish their financial system with moolah. In such cases, a new customer is synonymous with an extra investment which helps the broker to develop a good ROI.
When you make a forex deposit through an account manager, you get a free welcome forex bonus. Once the account is credited, you may have to wait for a few hours or days to get the free forex deposit in your account. Once this bonus is live, then the broker may begin auctioning with the desired magnitude.
Offering a mobile phone, cash, watches, and other lovely gifts when you make a minimum forex deposit is a great stunt to catch the attraction of the traders, especially beginners. But beware of scammers!
There are a lot of fake companies which offer such appealing offers, they pretend to be real, but their underlying motive is just money embezzlement. Such forex brokers don’t care about their reputation among the clients, and they will only deceive and take your profit by ANY unfair means.
Dude, such companies, don’t lose anything by doing that. Does it make sense? - Good!
Now, in the real world, it is so crucial to remember to differentiate between real and fake. In the case of a right forex broker, you get a forex deposit bonus, present or gratuity only when you make the minimum deposit and also complete the specified number of bides, trades and fulfill all other terms and conditions.
Yups, that’s the attitude of the real forex broker. On the contrary, fake brokers tend to offer everything free. There are many reasons why a broker offers you a deposit bonus. It’s in the best interest of both the dealer and the client.
If we talk about the perks that the broker enjoys by providing this, the first and foremost one is that they get more clients as many traders get attracted by such alluring offers. The broker receives increased volumes with profits.
On the other hand, the trader also enjoys the MAXIMUM benefits, like getting increased trading experience with low risks. Moreover, the forex bonus assists the trader in earning much more profit by spending less.
It is entirely compatible with what we said: “Beware of Fake Brokers.” Remember not to find the broker only but a trustworthy broker too. Do consider the reputation of the forex dealer before for it.
When you are sure that the broker is honest, trustworthy, only then take the final verdict to proceed with him. Don’t forget your purpose, and what is it? Your intention to make more profits in your trade, this deposit bonus is just an extra virtue and not your real goal!
The real broker never offers you the bonuses until you fulfill their terms and conditions properly. So, don’t just fall, do maintain the broker’s terms. In addition to it, do compare your achieved trade volume to the past trading volume. This way, you can analyze the profit you make daily.
If you are a trader, you know that you know the importance of trading strategy. Anything that goes against your policy won’t benefit you. So, we strongly recommend choosing the bonus that exactly goes in favor of your trading strategy; if you don’t do so, your trading won’t achieve any success.
All brokerage platforms have different bonus strategies. Carefully go through these strategies before taking any step. Always calculate the trading fees, and if the bonus is more substantial than your actual balance, you make it secure your every transaction. As a result, you achieve a jangling volume at low risks. Many professional traders know this well and use this method.