- 1 What are the best FX brokers when it comes to the deposit bonuses?
- 2 What are Forex deposit bonuses and how to find them?
- 3 What types of Forex deposit bonuses are the most popular?
- 4 Where can you use bonuses?
- 5 How to choose the best FX broker for bonuses?
- 6 Should you trust FX brokers offering Forex deposit bonuses?
Forex trading is a very fast-growing market which developed especially fast in the past few years thanks to the development of the internet and modern technology. As the FX trading became very active market online, many people gained access to this very interesting and diverse market, and as a result, it has become more popular than ever before.
Sadly, with this fast-development, many problems also came. For example, there were a number of scam companies that were working very hard to lie to people and come up with ways to steal their money and hard-earned funds. To avoid all of these, different governments around the world started to come up with regulatory agencies that would fight against these scams.
As of today, because of the fact that the market has become very competitive, brokers started offering traders different types of promotions and bonuses that help them to attract more traders. In today’s guide, we are going to talk about best FX brokers on the market that offers Forex deposit bonuses. If you want to start trading and enjoy some of the best promotions and benefits, follow our guide and learn as much as you can about this very diverse market.
What are the best FX brokers when it comes to the deposit bonuses?
The Forex market has become very competitive in the last few years. Because of this, it is very hard to find the best broker. It is especially hard for those who are new to the field of trading, and to make your job easier, we have decided to do research on our own.
In addition to promotions, we made sure to focus on many other things that might be important for Forex traders, these include payment methods, available currency pairs, and most important, regulations. Below, you can access the list of the best FX brokers that our team was able to come up with and start trading FX now.
FCA, CySEC, IFSC, ASIC, DFSA
MT4, MT5, WebTrader
What are Forex deposit bonuses and how to find them?
There are many different types of bonuses offered by Forex broker around the world. Some of them are created for those who are trading with huge amounts of money, some of them are created for those who have just started trading, etc. In the end, you will most probably find some type of bonus that will work perfectly for you.
The Forex deposit bonus is a type of promotion that gives you the ability to get a reward on the deposits that you make.
To make a deposit, there are mostly several deposit methods available at the broker’s website. Once you make a deposit, many of the brokers give you a certain percentage of the deposit as a gift, which is called the Forex deposit bonus. There are many different types of these bonuses, and they are created so that everyone can find something to enjoy.
Keep in mind that in most cases, to enjoy a bonus the broker will ask for your verification. Before applying for a bonus, make sure that you have everything ready. First of all, you should have a valid photo, a passport, a bank statement, or some type of utility bill to prove you are of residency. Also, you will have to provide an email address. After you have done all of these, you will have to choose which account type you want to use, mostly, the eligibility for the bonus depends a lot on the account type you use. Once you are done with these processes, you will be able to enjoy the bonuses.
What types of Forex deposit bonuses are the most popular?
When it comes to bonuses, FX brokers are trying to be as different from others as possible because of the huge competition on the market. One of the most popular FX bonus is the Welcome Forex deposit bonus, which is given to those who are new to the platform. In most cases, these are the highest FX deposit bonuses. Another one is the Ordinary Forex deposit bonus, with which, you will get a bonus from the broker for every next time you make a deposit. In most cases, this bonus is limited to 50 percent.
Another one that is very popular in the world of FX is the no deposit bonus, which is created for those who do not have trading experience at all. This bonus gives traders the ability to start FX trading without investing any money, and although it has been a subject of huge criticism from society, it still manages to be very popular.
Why are bonuses so popular?
In recent years, the FX brokers had to come up with something that would make them more popular than their competitors on the market. What most of the FX brokers did was that they came up with different types of promotions and bonuses for their users, which made them stand a lot higher than the ones that did not offer bonuses.
Also, bonuses make FX trading a lot more fun and enjoyable. There are many people who love bonuses and not for the wrong reason. As of today, the market is full of different bonuses and promotions other than the deposit bonuses. As a trader, you have the ability to use anything between first deposit bonus, no deposit bonus, demo account bonus, etc.
Where can you use bonuses?
Generally, bonuses are available in many countries around the world. However, because of some local regulations, most of the Forex traders in Europe can not enjoy any type of bonuses. This happens because of the fact that the European Securities and Markets Authority, ESMA, has agreed to place investor protection measures on the marketing, distribution, or sale of CFDs to retail clients.
These restrictions are the ones that include restriction to FX brokers to bot provide the retail clients with a payment, monetary, or excluded non-monetary benefit in relation to the marketing, distribution, or sale of CFD. As a result of this, Forex deposit bonuses can not be used by European FX traders.
How to choose the best FX broker for bonuses?
While looking for the best Forex brokers for bonuses, there are some things other than promotions that you need to keep in mind. First and foremost, it is your safety, no matter what benefits the FX broker offers, if it is not authorized by a regulatory body, you should most probably avoid using it.
Also, choosing the best bonus begins with finding the perfect FX broker for you. The thing that you need to do is to find a broker you can really trust, also, make sure to check the broker the company that regulates it as well.
Then, continue with reading information about the conditions of the broker and the rules that apply on using bonuses and promotions. Also, make sure that you understand everything about the FX broker very well and you will be good to go. Below, we discuss other details that you should know about FX brokers before you start enjoying their bonuses.
We believe that regulations should be the number one thing that you should keep in mind before you start using different types of bonuses and promotions. Before you start trading FX, be sure to check out the information about the licenses that the broker owns. As of today, the market is full of regulatory bodies and it is not that hard to find a trustworthy FX broker.
Also, there are many scam and fraud companies that are trying to get to people and lie to them, which makes it very hard to decide who to trust. A great thing would be to always trade with a broker that owns a license from a very trustworthy regulatory body with a great reputation.
When it comes to regulations, you need to be sure that you are trading with the safest FX brokers on the market. Below are some of the companies that we love the most!
FCA, CySEC, IFSC, ASIC, DFSA
MT4, MT5, WebTrader
Desktop, WebTrader, Mobile
NFA, CFTC, FCA, FSA, IIROC and CIMA
WebTrader, MT4, MT5
To use a deposit bonus, it is very important to trade with an FX broker that accepts different types of payment methods, especially the ones that you use actively. In some cases, FX brokers have special bonuses for those who make payments with certain payment methods, and who knows, you might be using the one!
Always remember that it is very important to use FX brokers that have adopted some of the best trading platforms on the market. For example, MetaTrader. Know that no matter what, it is very important to have access to a wide financial market to have a successful FX trading experience and you can’t have that if you do not have access to trading pairs.
Should you trust FX brokers offering Forex deposit bonuses?
We believe that if you are one of those traders who love gifts and benefits, you should definitely try out the deposit bonuses. FX brokers are coming up with these promotions to attract more people to their platforms, and it seems like it is working well. However, no matter what you do, it is very important to make sure that you are trading with a trustworthy FX broker and the best way to do that is to trade with the ones that are regulated and are highly reputable.