Things to Consider for Forex Welcome Bonus Brokers

Forex 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.

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 2023

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	99 Read Review	1:500		Telephone: +44 28 2544 7780	Open an Account More Information
Pros Excellent education tools Low forex fees Fast account opening Easy funding methods Cons No bonuses Platforms & Devices READ FULL REVIEW
2		ASIC, CySEC, FSA, SCB	$200	No Bonus	94 Read Review	1:500		Telephone: +248 467 19 76	Open an Account More Information
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 READ FULL REVIEW
3		FSA	$0	No Bonus	92 Read Review	1:500		Telephone:	Open an Account More Information
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 READ FULL REVIEW
4		FCA, CySEC, FSCA, SCB	$100	No Bonus	91 Read Review	1:100		Telephone: +44 (0) 203 151 5550	Open an Account More Information
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 READ FULL REVIEW
5		ASIC, FCA, CySEC, SCB	$100	No Bonus	90 Read Review	1:500		Telephone:	Open an Account More Information
Pros Fully digital account opening Low forex fees Research tools Free Education Resources Cons No bonuses Platforms & Devices READ FULL REVIEW
6		ASIC, CySEC	$1	100%	90 Read Review	1:3000		Telephone: +35 7251 23212	Open an Account More Information
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 READ FULL REVIEW
7		ASIC, CySEC, FSC	$5	Up to $5000	88 Read Review	1:1000		Telephone: +501 223-6696	Open an Account More Information
Pros Low withdrawal fees Great educational tools Wide range of leverage Multilingual customer support Cons Non-EU traders don’t get investor protection Lack of weekend customer support Platforms & Devices READ FULL REVIEW
8		FCA, DFSA, FSCA, FSA, CMA	$5	100%	85 Read Review	1:1000		Telephone: +44-2030978571	Open an Account More Information
Pros Low spread Controlled by several regulators Numerous deposit and withdrawal Favorable trading conditions Cons Few account currencies Only USD or EUR as base currencies Platforms & Devices READ FULL REVIEW
9		ASIC, FCA	$0	No Bonus	78 Read Review	1:500		Telephone: +61 2 9965 5830	Open an Account More Information
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 READ FULL REVIEW
10		FCA, ASIC, DFSA	$200	No Bonus	75 Read Review	1:500		Telephone: +1786 628 1209	Open an Account More Information
Pros Digital account opening process Seamless deposit and withdrawal Attractive trading conditions No inactivity fee Cons No cent account Few analytical materials Platforms & Devices READ FULL REVIEW

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.