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Explain Broker's Bonus from A to Z

It can be obvious about bonuses with many fields in the business world; however, forex broker’s bonus is something differently developed. Thus, traders should care about the proper details about bonuses more to find out the best broker’s bonus.

The proper understanding of broker’s bonus
Wandering around some websites like gambling websites, sports websites, game shows, TV shows..., you will see some advertisement or promotions items that are used as bonuses. Therefore, bonuses are not hard to understand the purpose of bonuses and what people feel about bonuses. However, it is different about forex bonuses in some aspects and techniques how it works. There are different forms of how bonuses are given. Some brokers build the programs of promotion or some brokers can have bonuses as a developing campaign to urge the income. Brokers will not focus on charging traders for the bonus registration because this is not the main point of the broker's bonus.

As a result, brokers tend to reduce and restrict to control traders with some kinds of conditions and requirements. This is the point that is worth being aware before traders decide to roll in the broker’s bonus program. The conditions and requirements may be related to the number of bonuses and the specified accounts for particular bonuses. Therefore, traders are suggested to look carefully at the conditions and limitations to make sure there is no effect to their trading work.

One of the other important commands is that traders cannot have the bonuses if their accounts do not belong to the brokers. Traders have to be in their trading sites. Offering benefits for traders, brokers have their own purposes to improve their revenue or their trading load. The very significant aim is that they want to spread their name to the wider areas and get their business advertised. Besides, they also want to keep their current clients to continue trading with them because of the supplied bonuses in case they have the thought of moving to other brokers.

What are the broker’s bonus types?

Welcome bonus

As its name says that this is a promotion gift for those who first come to brokers and of course have opened the account with them. Welcome bonus basically has the same features with no deposit bonus and ordinary deposit bonus; however, welcome bonus is restricted being given just for the first opened account. Apart from that point, these three bonuses have the common that they are all provided just once. And for some cases, the best forex welcome bonus is narrowed in some aspects like it is blocked out by some other bonuses.

Deposit bonus
When making the deposit, usually the first deposit, traders are given the option for the deposit bonus according to their level of deposit. For example, brokers give the instruction that with the deposit bigger or equal to $100, traders can be offered 50% rate of deposit bonus and that they can decide to have it or not because for some brokers, if traders agree to get deposit bonus, they have to qualify some others limitations also, such as there are some trading treats that will not be applied for those who are given the deposit bonus. From this example above, deposit bonus is an offer counted by percentage that could be owned when traders meet the certain number for deposit, as the example, it is $100. After the deposit bonus, traders own $150 in their fund.

Noticeably, deposit bonus is not always cash because sometimes brokers give away as gifts or other offers and that deposit bonus is generously free in all aspects because there are some boundaries along the way.

Trading bonus
Trading bonus means the broker will rebate a certain amount of money when you complete a trading lot.

Best forex broker’s bonus in the market

Exness bonus 16$

Exness is one of the biggest forex brokers in the world. Most large and famous brokers don’t offer bonus programs because that’s the way small brokers attract new customers. Fortunately, Exness still has a bonus program which is a trading bonus. For each completed lot, you can get from 2 to 16 dollars rebated to your account. Exness has one of the lowest spreads in the market and with this bonus, you can cut down your trading cost even more.

XM bonus 30$
This is a welcome bonus of XM. You just have to go to XM page and then create an account. Then, you will automatically have $30 in your account thanks to this broker’s bonus.

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Explain Broker's Bonus from A to Z

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