Best Forex Deposit Bonus of 2016 from Top Rated Forex Brokers
What is a Forex Deposit Bonus?
Many Forex Brokers will offer incentives in the form of a Forex Deposit Bonus. The most common Forex Deposit Bonus is offered to new users as a free gift for First-Time Deposits; it’s usually referred to as a “welcome bonus”. Many Forex Brokers will also offer a Forex Deposit Bonus through a loyalty program, which is offered to existing customers who make certain specified deposits. Forex Deposit bonuses are offered either as a fixed amount of money, or as a fixed percentage of the deposit.
One important thing to remember is that, in most cases, this bonus is not the same as getting extra cash. In other words you cannot immediately withdraw your initial deposit and your Forex Brokers Deposit Bonus.
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Forex Deposit Bonus-Details
How Do Forex Deposit Bonus’s work?
Some Forex Brokers use what is commonly referred to as the “Margin Bonus” or “Rescue Bonus” on deposits? What this means is that traders use the Forex Deposit Bonus as trading equity. If the trader loses the equity, the loss is deducted from the bonus as well.
Also see our No deposit Forex Bonus promotions
For example, let’s say you deposit $100 and the broker offered a Forex Deposit Bonus of 30% as a rescue bonus (or Margin Bonus). This would make your trading balance $130. If you lost $30, then 30% of that loss will be deducted from your bonus, so 30% of $30 is $9. This would mean your total amount available would be $100-$21 (which is the initial $30-$9)= $79. Of course, the more you deposit the better your actual margin will be.
Another type of bonus offered by Forex brokers on deposits is the Volume Bonus. This type of Forex Deposit bonus is great for traders who trade in high volume. Forex Brokers often offer Forex Deposit Bonus of up to 100%. The way this type of Forex Deposit Bonus works is that he bonus is added to your account, but in order to withdraw the bonus you have meet the set volume, which varies from Broker to Broker. If you withdraw before you meet the volume, then a large percentage of the bonus will be removed.
Why Should I look for a Broker who offers a Forex Deposit Bonus?
If you are an active trader, finding a broker who offers a Forex Deposit Bonus in 2017 will enable you to get more trading power for your dollar. If your broker doesn’t currently offer a Forex Deposit Bonus, you may be missing out on this additional trading capital.
Of course, if you aren’t an active trader, then most of these Forex Deposit promotions won’t really do much for you, as you probably won’t be able to meet the volume requirements or use the rescue bonus in a major way. These types of Forex Deposit Bonus are usually for more experience traders who are very active in the Forex market.
If you are new or just coming into the Forex trading scene, you would probably do well to stay away from Forex Brokers Deposit promotions, possibly checking out some Forex Brokers no-Deposit promotions, instead, or getting on a demo account until you are comfortable to start trading in a live environment with your own money.
How do I find the best Forex Brokers Deposit Bonus?
There are many different Forex Brokers in 2017 that are offering some type of Forex Deposit Bonus promotion and each of these are going to be slightly different than the next. The most important thing you can do is read all the details before signing up, so that you completely understand how the Forex Brokers Deposit Bonus works.
The number one problem that people have with Forex bonus promotions is that they did not understand the details of the bonus and felt that they may have been “ripped off” or that the Brokers Bonus Promotion was a scam. This is usually due to the trade not bothering to read all of the information about the bonus promotion before signing up. If you have any questions, you can contact the support team on most reputable broker sites and they will be more than happy to explain all the details about their own Forex Trading Deposit Bonus promotion.
One good rule of thumb, when deciding on which of the Forex Brokers Deposit Bonus promotions is best for you is not over estimate your trading abilities. If you are fairly new to the trading game, don’t go for that big number, as such high numbers usually require a certain volume of transactions which you may not be prepared to complete.
Even if you are an experienced trader, you should still be careful to pick only those Forex Deposit Trading Bonus that are easily achievable, don’t go for the higher bonus’s that cause you to have to increase your trading beyond your current level, but try to find a good bonus that you can easily achieve even without trying.
Things To Remember When Choosing a Forex Brokers Deposit Bonus
Countless people fail to read all of the terms and conditions on many Forex Brokers Deposit Bonus programs, which may cause them to forfeit part or all of the bonus. We cannot stress too strongly how important it is to completely read and understand all instructions, rules and regulations before making your deposit and to ask questions if anything is not completely clear.
Make sure you completely understand the withdrawal requirements, as well, so that you are not penalized by withdrawing too early or withdrawing before making the required volume.
Don’t get carried away by those brokers offering a very large Forex Deposit Bonus promotion, but check carefully the terms and conditions and be sure you are able to meet the high volume called for, don’t overstretch yourself just to try to grab onto a sweet Forex Deposit Bonus.
There are hundreds of Forex Brokers with a large majority of them offering some sort of Forex Deposit Bonus in 2015. These Forex Deposit Bonus promotions are very competitive, so you should shop around and check out each offer before deciding which Forex Broker to go with. You should also be aware that many of these Forex Broker Deposit Bonus promotions change from day to day, so a keen investor would be well advised to check back on a daily basis to see if there’s something even better out there.
Don’t use the Deposit Bonus as “splurge” money. In other words, don’t make wild trades for large amounts just because you have bonus trading funds. In order to fully take advantage of the Forex Deposit Bonus, you should trade as you normally would. If the bonus is contingent upon a higher volume of trading than you would normally make, then go for a different Forex Deposit Bonus that more closely matches your own trading habits in order to get the most of your Forex Deposit Bonus.
In conclusion, if you are an active Forex trader and play the market regularly, if you are not taking advantage of Forex Broker Deposit promotions, you are missing out on a great opportunity to increase your trading revenue. There is really no reason not to take advantage of Deposit Bonus programs as long as you read and understand the terms of the bonus. And there are literally hundreds of Forex Broker Deposit promotions in 2017 with more showing up on the scene every day. It’s a great opportunity for most experienced Forex traders to give them a little bit more trading revenue, and what trader doesn’t want that?