When I just begin my business in forex market, I don’t get much knowledge and experience to get all benefits from brokers. One of the most important policies from brokers for beginners is welcome bonus when beginners start to register new account at their system. Moreover, there are different kinds of bonuses from brokers – welcome bonuses, deposit bonuses and lot back bonuses – but welcome bonuses are more popular and beneficial for traders than other two. To help you avoid that trading beginners don’t miss any helpful things from welcome bonuses, I decided to write this article to clarify all aspects of welcome bonuses. If you have serious concern about welcome bonus forex 2018, let’s read until the end of this article for more understanding.
So what are welcome bonuses?
Welcome bonuses are amount of money that brokers offer to the new registration, which aims to attract more traders to brokers’ system. Simultaneously, traders receive more benefits from this bonuses, they get welcome bonuses to test brokers’ trading conditions and try out their trading strategies as well. Moreover, they are able to create as many accounts as possible to get the highest bonus profit through account cheating method.
- Top 3 best forex welcome bonus brokers.
Forex is more and more popular in the world and there are many brokers starting their business but this leads to many difficulties for traders as well. Because traders don’t know how to choose the best one for themselves. So I list down here below top three best forex welcome bonus brokers in the world for your reference.
Among these three brokers, XM is more reliable broker for your choice. Moreover, XM also offer deposit bonus at the rate 100%.
- Standards of good forex welcome bonuses.
To be a good forex welcome bonus broker, it is necessary to have criteria to prove that broker has enough qualification to serve traders as well.
- Easy withdrawal conditions: Brokers offer many bonuses for traders but they also order some hard conditions for their withdrawal as well. Actually bonuses is the money (normally about 30 – 50 dollars), brokers don’t allow you to withdraw bonuses, but its profit. To get that profit, traders must cover all conditions offered by brokers as well. Sometimes brokers ask traders to complete minimum number of lot trades to get profit. In some cases, traders will get losses because they try to complete all required number of lots, the money to invest for this completion can be over the profit they will get later. So it very risky for traders to trade with those brokers with this conditions.
- XM has the easiest withdrawal condition in which traders only need to complete 0.1 Lot to withdraw all profit.
- FXTM is the second easy withdrawal condition. Traders have to complete 1 lot to withdraw profit.
- FBS has 123 bonus program. Traders can get up to 123$ welcome bonus. For each trading lot, you can withdraw 3$ profit. Example: After 7 days trading, you won 60$. In order to withdraw that 60$, you have to trade at least 20 lot.
- Reliable forex brokers: Many brokers often cheat traders to get their money illegally so choosing the most reliable forex broker for themselves is very important to traders in their forex path. The best broker is not the perfect one for one trader but traders should choose the most reliable for themselves. To choose the most reliable one, you should consider other aspects such as brokers’ local supports, regulations, etc before starting to work with the to avoid any problem.
XM is the most reliable forex broker among 3 above brokers. They are also the best forex broker for beginners.
- High welcome bonus value: As you know that the welcome bonuses are within 30 – 50 dollars which is very little for big traders who often don’t pay attention on this type of bonus. They invest a large funds with big money and ignore all small amounts. Meanwhile, small traders or trading beginners will consider to use this bonuses to check their brokers’ qualification or minimize the trading cost as well. So brokers should offer the as high bonus as possible to attract more big traders. Below is my suggestion of some brokers with high welcome bonus for your reference:
- FBS offers the highest welcome bonus Value: 123$.
- XM and FXTM offer the same welcome bonuses value: 30$
- How to choose the best forex welcome bonus brokers:
To help traders easily choose the most reliable forex welcome bonus brokers for themselves, I list down below three steps for your following, which is helpful and convenient for traders as well.
Step 1: List down 5 best brokers which are suitable for you.
Step 2: Choose the best forex brokers 2018 that have good welcome bonus program. Of course these brokers are very good. So if they have welcome bonuses, it is much better for traders.
Step 3: Trade and get as much bonus as possible
- Ways to withdraw forex bonus profit
Brokers often have some difficult withdrawal conditions to let traders to get profit. These conditions sometimes lead traders to get losses because conditions are very hard and difficult to complete for traders, especially trading beginners. So traders must try to follow below requirements to get real money.
- The first method: Brokers allow withdrawing the profit if traders complete a certain number of trading lots.
- The second way: Brokers don’t allow withdrawing bonus, but profit.
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