With the expansion of the foreign exchange market worldwide comes a rise in the number of forex broker bonus are being available to traders. This means picking a reliable broker to trade with is more challenging than ever.
Deposit and no-deposit bonuses are often the deciding factors when choosing a new forex broker to trade with, and forex bonuses are an essential part of any forex broker’s trading platform. Forex bonuses are not straightforward; one needs to have some background knowledge to understand how bonuses are received and implemented and whether or not it is prudent to apply for a forex bonus in a given circumstance.
In the forex market, bonuses are potentially seen as a way to increase the account balance potentially. While trading on forex bonuses has its perks, it’s essential to be aware of the inherent risks associated with the currency trading market.
All new XM traders are eligible for the XM welcome bonus program. The welcome bonus program is intended for all new XM traders and provides a 15% deposit bonus of up to $500 in trading credits. The number of deposits eligible for the bonus is not limited, as the trader can obtain the entire bonus amount through multiple smaller deposits made over different trading periods.
Once each deposit is made up to the maximum of $500, the bonus amount will be credited to the trading account as additional trading credits within 24 hours. The bonus amount cannot be withdrawn, but the bonus profits can be withdrawn without restriction. Any such withdrawal, however, will result in a proportional removal of the bonus credits.
The AVATrade deposit bonus is a promotional program only available to new account holders and provides a simple 20% bonus on the first deposit. The free money is credited as a percentage of the initial deposit, with traders eligible for up to $10,000 in trading credits.
Even though the minimum deposit for a regular bonus-free account is only $100, the AVATrade minimum deposit to qualify for the welcome bonus is $1,000. The withdrawal conditions, however, are a little concerning for low-frequency traders. You can withdraw the bonus amount, but you must spend at least 10,000 units of the account’s base currency for every unit of free money received.
As a result, if you choose the entire $10,000 in free trading credits, the minimum transaction size for meeting the broker’s terms and conditions is $100,000,000. You have six months to complete the minimum trading requirements, but it is uncertain whether the average trader can conclude many lots in such a short time frame. Furthermore, EU traders are not eligible for the welcome bonus program.
The Trade 100 bonus program offers a free $100 bonus for trading the markets with no deposit required. You must create an account and go through the verification process to qualify for the free $100 no-deposit bonus. You can trade freely with the $100 for up to 30 days before withdrawing your profits by completing a minimum of 5 standard lots.
Of course, you must be in the black to withdraw your profit, and you can only trade with 0.01 standard lot order volumes on the MT5 platform. This means you must trade five standard lots in 30 days (roughly 20-22 effective trading days per month) with orders worth 0.01 lots, and you are limited to maximum leverage of 1:100 for the duration.
This promotion is open to all traders, with the broker offering a 100% deposit match bonus on all deposits up to $10,000 per account holder. The 100% deposit bonus is a sizable sum, and it is by far one of the most significant bonuses on the market. As a result, you can double your trading account equity by simply depositing your starting capital with a good profit margin.
RoboForex Minimum Deposit: A breif review
When selecting a broker, such as Roboforex, the administrative body and regulatory status of the broker are critical considerations. Brokers who trade without the oversight of a regulatory body do so at their own risk. Any money you invest is at stake.
Roboforex, founded in 2009 and operating for 13 years, has its headquarters in Cyprus.
Roboforex is a regulated market. Roboforex is supervised and monitored by the Cyprus Securities and Exchange Commission (CySEC) regulatory bodies.
Because of the regulations, regulated brokers are unlikely to manipulate market prices. This will be honoured if you send a withdrawal request to Roboforex. Roboforex’s regulated status may be revoked if they violate any regulatory rules.
RoboForex’s payment options for forex traders are among the industry’s lowest fees. For standard accounts, the Roboforex Minimum Deposit is 10 EUR USD. The local bank transfer payment method allows you to transfer funds directly from your bank account to your RoboForex account in the local currency. The most significant benefits include the ability to transact in a user’s local currency, low fees, speedy execution, and a high level of security.