1. Yuna Yemili
  2. Currency (Forex) Trading
  3. Thursday, 10 October 2019
  4.  Subscribe via email
Firstly what is a Forex deposit bonus?

There are a large number of Forex brokers out there and the number is continuously growing each and every year. With a Forex deposit bonus, brokers try to keep their existing clients from moving to competition.

In addition, offering bonuses on Forex deposit transactions is a great way to attract new clients. Also, the more funds you have, the greater the volume of your transaction - this way a broker can earn more in commissions and This is HUGE.

In other words, the Forex bonus on deposits is a way to reward traders because they trade with regulated brokers. The main attribute of a deposit bonus is a bonus given to your trading account after depositing a certain amount of funds.

In most cases, the bonus is a certain amount of money. However, it is possible to see some deposit bonus offers that give you certain prizes - iPad & iPhone are the most common.

In other cases, brokers can allow you to enjoy some premium material - exclusive webinars, account rebates and more.

Why do traders need a Bonus on a Forex Deposit?

There are many reasons to trade with deposit bonuses in your Forex trading account. To make a long story short - you can get more and do more when you have a Forex bonus on your deposit! As simple as that.

How can I gain profits from a bonus on my Forex account?

In simple words - you can get a spread and the commission you pay is compensated with a bonus. It is also possible to adapt one of the Forex bonus trading strategies and in this way you can really start exploring the whole new world of Forex trading.

Usually you will be given a 500: 1 leverage (depending on the size of your account). However, with such a big bonus, your maximum number of transactions increases. Because you have 60% more funds available, you can also open 60% more positions.

In this way you can trade with leverage similar to 800: 1. This is especially useful for trade breaks or trades on certain news releases. By opening a large position in the right direction, you can expect to generate large income with a relatively small deposit ?

To conclude, a Forex deposit bonus is really important for traders. So I really hope that this information will increase your knowledge of deposit bonuses. And if you want topics that interest you, please let me know.
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