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TOP FOREX BROKERS REVIEW

THE INTERNET'S MOST COMPREHENSIVE LIST OF ONLINE FOREX BROKERS AND FOREX REVIEWS. 

author Written by
Rex John Walsh
author Fact checked by
Sangram Mohanta

Last Updated on June 1, 2024 by TOP FOREX BROKERS REVIEW

Things to Consider for Forex Welcome Bonus Brokers

Things to Consider for Forex Welcome Bonus BrokersForex welcome bonus is a certain way to appreciate a trader for opening the forex account. Not all the brokers offer welcome bonuses, as they may enforce restriction location wise. Therefore, only the forex welcome bonus brokers offer the bonuses for the traders.

The welcome bonuses always aim to attract the new potential clients. On the other hand, novice traders also look for something where they can earn some quick money while investing a minimum amount. So, regardless of their experience traders look for the  best forex broker which offers a welcome bonus.

Here we will discuss ins and out of the forex welcome bonus brokers and at the end of the article you will definitely gain knowledge on welcome bonus.

What is Forex Welcome Bonus?

Forex welcome bonus is simply adding an extra money in the trader's account by the broker upon the minimum deposit. A trader becomes eligible to receive a forex free bonus if the trader deposits a certain amount.

However, the initial deposit amount depends on the brokers policy.  Some brokers may not allow a huge amount of initial deposit as they cannot pay the bonus on a big amount. Bredies, providing all the bonuses to one trader should not be fair. That’s why brokers limit the bonus up to a certain deposit.

Broker NameDeposit BonusesNo Deposit BonusesClaim Now
XMUp to USD 5000$30Claim Now
HFM100%Claim Now
FX Primus100%Claim Now
FBS Markets100%$50Claim Now
Dukascopy$100Claim Now
OANDA10% Equity BonusClaim Now
Vantage FX50%Claim Now
ACY Securities10%Claim Now
BitEclipse$10Claim Now
Axiory50%$25Claim Now
FXCC200%$50Claim Now
InstaForex10%$3,500 StartUpClaim Now
LiteForex50%Claim Now
USG FX50%Claim Now
JustForex100%$30Claim Now
WelTrade100%Claim Now
Synergy FX10%Claim Now
OctaFX50%Claim Now
FortFS10% to 50%$100Claim Now
FXOpen$10$10Claim Now

How does the Welcome Bonus Work?

The working procedure of the forex trading welcome bonus is very simple. You may see the following step to understand the working procedure easily.

  • In the very beginning, you will need to register via forex brokers offering welcome bonus.
  • Then confirm your email to verify the account. Although this is a common step, some brokers may omit this step.
  • Next, deposit some money. You may see the respective broker’s instruction while making the deposit.
  • After the successful deposit, collect the latest forex bonus allotted for you. You may get the bonus right away, while others may take a few hours to send the bonus.

You will need to make some transactions before you become eligible to withdraw the bonuses. Again, it depends on the broker and make sure you read the brokers conditions as well as rules.

That is how the best forex brokers welcome bonus offering works. So, you should be able to understand the forex bonus’ working procedure.

Best Forex Brokers List 2024

RANK VISIT
BROKER
REGULATION

We only list licensed brokers that comply with the requirements of prominent regulatory agencies.

MIN
DEPOSIT

The minimum amount you need to deposit in order to start trading.

DEPOSIT
BONUS
RATING MAX
LEVERAGE

Leverage refers to the ratio of securities you can buy for a given payment. The higher the leverage ratio, the higher your buying power (and the higher the risk). For example, a leverage ratio of 500:1 means you can purchase 500 securities, but only pay the equivalent of 1 security valuation. The leverage ratio offered can vary depending on the experience level of the trader.

PAYMENT
SYSTEM
SUPPORT START
TRADING
1
ASIC, CySEC, FSP
$100
No Bonus
1:500

Telephone: +44 28 2544 7780

image
Pros
  • Excellent education tools
  • Low forex fees
  • Fast account opening
  • Easy funding methods
Cons
  • No bonuses
Platforms & Devices
2
FSA, FMA
$0
No Bonus
1:500

Telephone:

image
Pros
  • 9 base currencies
  • 24/7 technical service
  • Direct market access
  • VPS, FIX API, copy trading
  • Superior trading conditions
Cons
  • No negative balance protection
  • Withdrawal fees
Platforms & Devices
3
ASIC, FCA, CySEC, SCB
$100
No Bonus
1:500

Telephone:

image
Pros
  • Fully digital account opening
  • Low forex fees
  • Research tools
  • Free Education Resources
Cons
  • No bonuses
Platforms & Devices
4
CySEC, FSCA
$25
50% Deposit Bonus
1:500

Telephone:

image
Pros
  • Ultra-low spreads
  • Quick withdrawals and deposits
  • 24/7 online support
  • Negative balance protection
Cons
  • Mobile copy trading services available only for Android

Platforms & Devices
5
FCA, CySEC, FSCA, SCB
$100
No Bonus
1:100

Telephone: +44 (0) 203 151 5550

image
Pros
  • Excellent customer service
  • Free deposit and withdrawal
  • Negative balance protection
  • Wide range of platform
Cons
  • Inactivity fee
  • High Trading Fees for some CFDs
Platforms & Devices
6
AFSL
$100
No Bonus
1:500

Telephone:

image
Pros
  • All base currencies
  • 24/7 technical service
  • Direct market access
  • Superior trading conditions
Cons
  • No negative balance protection
Platforms & Devices
7
ASIC, CySEC, FSA, SCB
$200
No Bonus
1:500

Telephone: +248 467 19 76

image
Pros
  • Low forex fees
  • Fast order execution
  • Analytical training materials
  • 90+ instruments
Cons
  • Slow live chat support
  • Non-EU traders don’t get investor protection
Platforms & Devices
8
ASIC, CySEC
$1
100%
1:3000

Telephone: +35 7251 23212

image
Pros
  • No withdrawal fee
  • Low stock and stock index CFD fees
  • Negative balance protection
  • No inactivity fee
Cons
  • Average forex CFD fees
  • No PAMM accounts
Platforms & Devices
9
ASIC, CySEC, FSC
$5
Up to $10,500
1:1000

Telephone: +501 223-6696

image
Pros
  • Low withdrawal fees
  • Great educational tools
  • Wide range of leverage
  • Multilingual customer support
Cons
  • Non-EU traders don’t get investor protection
Platforms & Devices
10
ASIC, FCA
$0
No Bonus
1:500

Telephone: +61 2 9965 5830

image
Pros
  • Automatic insurance coverage
  • Low entry threshold
  • Fully digital account opening
  • Low forex fees
Cons
  • Limited research tools
  • Only forex and CFD trading
Platforms & Devices

Advantages of Forex Welcome Bonus

Forex welcome bonus will not change your trading skill, but it will surely provide you some talks after iftar. Let’s dive deep into the benefits.

The huge trading capital

You get the opportunity to get a huge capital in your account by investing less. Being said that, suppose you just opened the account with the forex welcome bonus brokers and deposit $2,000 at 35% bonus. So, in return you will get $700 extra in your account. Therefore, the total amount would be $2,700, which really is a big capital compared to your initial deposit of $2,000.

Later you can trade this bonus amount and there will be no risk at all, as you are trading with the bonus money. Besides, there is nothing to lose for you.

So, if you increase the initial deposit you may warn more forex trading welcome bonus.  However, most brokers don’t allow the users to get unlimited bonuses. Usually, the brokers allow up to $5,000 bonus for an account. So, checking out the terms and conditions is necessary.

Increase the leverage

You can take a better position while trading when you have a huge amount of capital in your account. Hence, it increases the possibilities to earn huge profit. As your equity includes the bonus amounts too, you can get a greater advantage from the extra money. Besides, the bonus amount decreases the risk greatly or puts no risk at all.

Decrease the initial investment

Best forex brokers welcome bonus gives you the extra trading capital which leads you to take different sized positions. Hence. It can increase your profitability and at the same time decrease the initial investment.

For example, the minimum deposit for a broker is $100 and it offers a 30% bonus. So, you will get $130 total. Now, you invest of $1,000 and you will get $1,300. The extra $300 can be used to open more positions.

Get the prospect to test a platform

Forex trading platforms may vary from one forex broker to another. Therefore, you need to check the broker before investing a huge capital. In that case forex welcome bonus comes handy, as you don’t need to use your own money to check the broker. You can use the forex free bonus to check out a broker.

Helps to verify customer service

A good customer care is highly crucial for forex trading as you may face difficulties any time and a prompt service will help you to solve the problem. However, you cannot check the customer service unless you face a problem.

So, trading with the forex trading welcome bonus gives you the opportunity to check the broker if you face any problem during the trading.

Criteria to select Forex welcome bonus brokers

You may find hundreds of brokers that offer forex trading welcome bonus, which is good enough to confuse you. So, there are a few things you may consider before choosing a broker that offers a welcome bonus.

Comply with your trading goal

As a trader you should have some trading goals. So, while choosing the forex free bonus, you should match it with your trading goal. Although it is not critical, compliance with the goals will not hurt you.

Check the limitations

Getting a bonus doesn’t mean that you can use it anywhere. Sometimes brokers impose some restriction on using the bonus amount. Hence, you should get clear about the limitations.

Understand the terms and conditions

Before believing a broker blindly, try to understand the broker’s rules and standards. It is because sometimes brokers offer hidden conditions, which eventually hinder the trading. Understanding the rules, conditions, terms in advance will surely assistance you to make the necessary decisions on your potential trading and other stuff.

Apart from these, you may also check our forex broker reviews to select the right forex brokers offering welcome bonus.

Conclusion

Forex Welcome bonus are applicable for the newly signed up traders only. So, if you are changing your broker or a new trader you should take the benefits of forex welcome bonus brokers.

How do you receive the assistances of a different bonus? If you thoroughly read this piece of article carefully you should be able to know by now. Hopefully this guideline releveled all the aspects of welcome bonus which is also named as deposit bonus.

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