Forex deposit bonus is a fantastic thing for live account traders. The bonus is simple, as the name you can guess, after deposit you will get a bonus. Forex brokers are offering the bonus to get new clients and make happy their old clients and stay with them for a long time. Usually, forex brokers offer two types of deposit bonuses: a welcome forex deposit bonus and a regular deposit bonus.
Forex welcome deposit bonus
The offer is only for new clients such as you are planning to join with a broker. After joining, you will get a bonus as a welcome bonus, but you have to make a deposit as per the offered terms and conditions.
Regular deposit bonus
The offer is usually regular clients, which means brokers offer this type of bonus which are trading with them. But also new clients can get the offer.
How does the forex deposit bonus work?
The process is simple. You are a beginner or regular trader; it doesn’t affect your trading, and you don’t have to think much more about it.
Suppose a forex broker offers a 30% deposit bonus. The first condition is you need a live trading account to get the offer. As usual, the account needs to verify for trading. Then you have to deposit as the offered rules, such as if the minimum deposit requires 100 USD, after depositing the amount, you will get a 30% bonus means 30 USD, so that you can trade with 130 USD.
After getting the bonus, you have to follow all rules that the broker sets for this offer, such as order opening times, maximum leverage you can use, expert advisor allows or not, hedging, etc.
Obviously, the offer will come with a trading period, such as, after getting the offer, you can trade up to 30 days. And you have to complete a minimum number of lots to withdraw your trading profits. That’s it.
How to find a deposit bonus?
The bonus is most prevalent in the forex industry. Forex brokers who offer bonuses regularly or often they provide this bonus. You will be glad to know that many brokers are available who only offer a forex deposit bonus and avoid other common or all types of rewards such as no deposit bonuses.
So, finding a bonus, not a difficult task. You can find extras on broker websites. Also, many websites are available on the internet showing only forex broker bonuses. The good news for our readers we publish lists of different types of bonuses, including the forex deposit bonus. So, you don’t need to worry about finding a reward. Just check it out on our website.
What is the best deposit bonus?
Finding a bonus and selecting the best bonus is not the same thing. To succeed in trading with a bonus, you need to choose a good bonus.
You can select a bonus through comparing; before choosing a bonus, check all terms and conditions. We have a list of the best bonuses on our website. Don’t forget to check it out.
Jerry is Editor on Vipaa.net. After completing bachelor’s in Computer Sciences, Jerry decided to pursue a career in Digital Marketing.