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BRKV - For beginners who are new to the trading market, the best forex welcome bonuses serves as kind of a jump start for your career, therefore it’s very important that you could choose for yourself a broker with attractive welcome bonus programs. In this article today, I’ll be giving some of my thoughts on the matter as well as my detailed experiences and reviews of some of the brokers that I consider to have the best forex welcome bonuses programs.
Welcome bonuses are practically free money given away by the casinos, but with the essential safeguard of wagering requirements. Welcome bonuses’ goal is, on the one hand, to attract players to the casino, but on the other hand, their terms should ensure that few players will actually manage to. Online casinos offer no deposit required bonuses as a free welcome bonuses — a player opens a new casino account and get the free bonus right away. Bonuses will be added to the players casino account balance. Since online casinos are required to offer some incentives, in order to attract new players to signup, online casinos offer to new. New players only. £5 sign up bonus is on Shamrock N Roll, Mayan Marvels & Candy Swap Slots available Max conversion £20. No deposit required. SMS validation req. For £500 welcome bonus First 3 deposits only. £10, Max bonus £500 + 50 free spins on Starburst (on 1st deposit).
Current brokers with the best forex welcome bonuses programs
Having traded for years and been with many popular and big brokers, I’ve finally narrowed my list of brokers with the best forex welcome bonuses to only 3 names, which are XM, FBS and Exness. More details can be viewed as follow:
| XM welcome bonus | Get bonus here |
| XM deposit bonus | Get bonus here |
| Exness rebate | Get bonus here |
| HotForex welcome bonus | Get bonus here |
| XTrade welcome bonus | |
| RoboForex welcome bonus | |
| FBS welcome bonus |
Standards of the best forex welcome bonuses
Since this article is mostly about bonuses, below are my 3 personal standards when it comes to choosing a broker based on their bonus programs:
Easy withdrawal conditions
Some brokers have very strict policies regarding the act of withdrawing bonus. As a matter of fact, you can’t really withdraw your welcome bonus directly but do feel rest assured as you can still withdraw the profits gained from trading with the bonus money. That’s the reason for why some brokers have a certain condition that comes with withdrawing bonus such as the minimum lot traded requirement. More specific numbers on the minimum lot traded requirement of the aforementioned top brokers are as follow:
- XM by far has the fairest withdrawal condition. Traders who do business with XM only need to complete 0.1 lot to be able to withdraw bonus profits. Learn more here.
- Exness comes second with the requirement of 1 lot traded to be able to withdraw profits. Learn more here
- FBS has the 100 bonus programs, with the maximum welcome bonus being $100. The highest profit that you can withdraw for each lot traded is $3. For example: Let’s say you gained $60 profits from 7 days of trading. In order to withdraw all that profits, you’d need to have traded at least 20 lots.
High welcome bonus value
Obviously, us traders need the best forex welcome bonuses amount to be as high as possible. Out of those three brokers that I’ve mentioned, FBS offers the highest attainable welcome bonus amount which is $100, while XM and FXTM offer relatively the same amount of welcome bonus which is around $30.
Reliable forex brokers
Without a doubt, your broker should always be reliable and has no shady side to it. Having traded with many different brokers, I consider XM to be the best in term of reliability and transparency.
Other types of bonuses
Beside the best forex welcome bonuses, most forex brokers also offer many different bonus programs such as Deposit bonus or Lot back bonus (Loyalty bonus). More specifically:
Deposit bonus is the bonus program that is based entirely on your deposition amount, which is why you can get more money from this bonus simply by depositing more money.
Lot-back bonus, or Loyalty bonus, is the bonus program that most experienced traders prefer since the program automatically rebates a portion of your every transaction to your account.
For example: XM’s spread for the EUR/USD currency is 1.4 pip and the rebate amount are $3 for each trading lot completed. This means that you only need to pay $11 for each EUR/USD lot instead of the whole $14 of the original spread.
Can you really withdraw forex bonus profits?
As I have mentioned above, to withdraw forex bonus profits, most brokers have certain withdrawal policies regarding this matter. Currently, there are two known withdrawal conditions that most brokers have:
Completed trading lot requirements
I’ve personally given an example and explanations regarding this requirement above. To sum it up, most brokers require you to have completed at least a certain amount of trading before you can withdraw the bonus. There’s also a downside to this policy which is that most of the time, the traders would have to deposit even more money than the bonus itself in order to complete the trading lot requirement.
No direct bonus withdrawal
Most brokers that I’ve done business with restrict its traders from directly withdrawing the bonuses such as welcome bonus or deposition bonus. This is due to the fact that if they hadn’t done so, tons of cheaters and exploiters would’ve taken advantage of the situation and made a profit for themselves.
Should we choose brokers with good bonus or low spread?
BRKV - At first, most people would seem to consider brokers with good bonus programs to be better than the brokers with low spreads. However, as traders, we also need to take our long-term plan into consideration. Brokers with low spread or overall better trading conditions always better in the long-term since essentially, you’re always trading with the best trading conditions that you could have when you choose those best forex brokers. As for me, I consider a broker’s credibility to be above everything else since I often have to deal with large amounts of money.
Top 4 best forex bonuses
I’ve personally done my own researches to find out which one among the top brokers has the better bonus programs. So far, I’ve narrowed the list down to 4 brokers with relatively superior bonus programs comparing to the other brokers. The specifics are as follow:
- Best forex welcome bonuses - XM: 30$ welcome bonusCheck detail here.
- Best deposit bonus - XM: 100% deposit bonusCheck detail here.
- Lot Back Bonuses - Exness: Rebate 2 – 16$ per lotCheck detail here.
Ways to exploit forex bonus programs
Needless to say, morality-wise, it isn’t good to use any kind of cheating method. However, if you feel the needs to do so, here’s the two popular methods, both of which involve creating multiple accounts to exploit the best forex welcome bonuses:
- Hedge two newly created account. This means that you’d have to let one account wins and the other one loses in order to maintain a win rate of 50%. This method of cheating can only be applied on brokers with loose withdrawal policies.
- This method is mostly the same as the first method but in this method, you also need to take advantage of the high leverages to open very big positions. For this method of cheating, a broker with high leverages is advised.
Bonus can be a very effective way for you to cut down trading cost. Other ways include trading with no swap brokers, no re-quote broker, or participating in the best forex contests.
A £10 Free no deposit bonus not only benefits the player but it also helps the casino too. More
The players get their account credited with £10 to use as they please, while the casino has the opportunity to showcase their games and provide the customer with a great experience. Many customers would never have chosen to use a particular casino, no matter how good it was, were it not for the promise of a free £10 deposit bonus.Why Are £10 Free Deposit Bonuses Such A Great Idea?
Bank Welcome Bonus
Different casinos offer different games. Some focus on slots while others on live and traditional games, such as blackjack and roulette. By offering players an incentive to sign up, casinos allow new customers to try out their service and see if they like it compared to their regular online casino site. It’s a useful marketing tool that can help online casinos quickly draw a crowd, even if they’re new.
Free deposit bonuses are also a great way for casinos to encourage inactive players to begin using their sites again. Players can become dormant for all kinds of reasons, but sometimes it’s just because the casino doesn’t provide them with sufficient perks to keep on playing. A no deposit bonus is the perfect way for a casino to reignite a customer’s interest and gain additional revenue.
When It Comes To £10 No Deposit Casino Bonuses, Free Really Does Mean Free
The great thing about £10 no deposit casino bonuses is that there are no catches. You can win rewards and jackpots, just as you can when you’re betting your own money, but the money you get is totally free. There’s no catches or special terms and conditions.
It’s not very often than customers get to play with somebody else’s cash, but that’s essentially what casinos are offering with no deposit casino bonuses. Casinos provide not only the games and the payment systems but also money to use them. It’s a win-win for customers looking for a great deal and incentive to start betting with a new casino.
£10 free no deposit casino bonuses are a unique promotion specific to the casino industry. Not all sites offer them, but the ones that do can often attract an enormous number of new players and create a thriving community. Cash bonuses help to get more people interested in the game and can make playing online casino slots a lot more fun. When there’s no risk, players are free to experiment with a variety of games and find a play style that they like.
Free no deposit bonuses vary substantially from provider to provider, so you’ll want to check the rules for each casino you investigate. Good luck.
Welcome Bonus Credit Cards
How Do £10 Free Deposit Bonuses Work?
The way £10 free deposit bonuses work is simple. The casino credits a player’s account with £10 worth of credits that they can use to place bets in online games, giving them the chance to experience their games while at the same time standing a chance of receiving real monetary rewards.
Many casinos consider this approach to be superior to merely offering players the chance to play their games without betting any money. Betting money is always more exciting than playing a game when there are no stakes.
Deposit bonuses are also useful for introducing players to the rules of the casino. Different casinos have different policies regarding payouts, minimum deposit requirements, and game rules. With a £10 free no deposit bonus, players have an incentive to stick around and learn the rules of a new casino instead of just defaulting to their regular provider. It can be a powerful marketing tool.