I found that most new forex traders don’t learn more about broker’s bonuses. To reply to the questions which beginners ask me related to forex bonuses today I spend my free time to write this article. The hope that the article will help you understand more about the best forex brokers 2019 that offer best forex bonuses and importantly bring success for you in trading. You know, each matter has 2 sides. Because of some disadvantages many traders aren’t interested forex bonuses. However, with the aim to decreasing their trading cost and trading margins the majority of traders like forex bonuses. Sometimes, traders find ways to hack their bonus programs and withdraw profit. How to hack them? In this article, I will also direct you. Look out!
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Table of Contents
What are welcome bonuses, deposit bonuses and lot back bonuses?
– A welcome bonus (or non-deposit bonuses) is known as sign- up bonus. It is another way for brokers to say hello and to celebrate your first successful deposit. In order to get new registers from new traders or competitors’ clients, brokers can offer from 30 – 50 dollars welcome bonus for first time register. Beginners and bonus cheaters enjoy welcome bonuses with many different aims. Using this bonus to test the broker’s trading conditions and also to try out their trading strategies or simply is to get these free bonus and withdraw the profit.
– A deposit bonus: is a promotion offered by brokers to encourage traders to make a deposit. This bonus normally is a percentage of deposit amount. I give you an example: I will get money equivalent of 20%, 50%, 100% of the total deposit. Some brokers propose this bonus to first time deposit as well.
– Lot back bonuses: are for the loyalty program. Your trading currencies, account types, and trading time are important factors whether you get these bonuses or not. At the moment you complete 1 lot/transaction, brokers will rebate an amount of money to your account automatically. Professional traders are fond of lot back bonuses.
For instance: XM’s spread for EUR/USD is 1.4 pip, and they will lot back $3 for each completed trading lot. It means you only pay $11 for each EUR/USD lot instead of $14 of the original spread.
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What are disadvantages of each bonus type?
– Welcome bonuses:
- $50 is not value in trading.
- Having big problems in process of get your profit.
- Main purpose of welcome bonuses are attract new traders. Therefore, these brokers create credibility
– Deposit bonuses:
- You want to withdraw these bonuses, you have to overcome some complicated conditions
- In some situations, you can’t give money because your forex bonuses will be lost.
– Lot back bonuses:
- Time brings you some inconveniences in withdrawing.
- If you invest in a lot of money, these bonuses are good for you. Clearly, brokers only rebate you for each completed trading lot. You need to consider carefully.
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Overcoming conditions you will have bonuses.
Generally, there are 2 main withdrawal conditions:
- It is clearly that you completely finished a certain number of trading lots, you sure about receive bonuses.
For example, if you want to get $50 bonus, you have to complete at least 10 lots. When you register or deposit in 1 lot, they will deposit bonuses to your account instantly and let you trade. If you win, you only can withdraw that bonus when you have completed up to 10 lots.
- You can still withdraw the profit regardless of disagreement of brokers
It is an undeniable fact that you will enjoy much bonus forex 2019 without any conditions. But if brokers require some conditions you should consider your strategies to take part in properly. And when you are careless, you even have to pay more than the bonus value to complete those required lots.
- What should we choose, good bonuses or low spread?
For me, forex bonuses are good. However, it’s not the most important condition to choose a broker. The first condition to choose a broker is their trustworthy.
So, these are my procedures to choose a good bonus:
- List down 5 best brokers which are suitable for you.
- Choose best forex brokers that have good bonus program. Of course these brokers lie in top best brokers.
- Trade and possess bonuses.
From the above procedures, I gather 4 best forex bonuses:
- Best welcome bonus: 30$ welcome bonus of XM
- Best welcome bonus: 50$ welcome bonus of FBS
- Best deposit bonus: 100% deposit bonus of XM
- Exness Bonus: Rebate 2 – 16$
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How to cheat forex bonuses:
I will provide for you with two popular methods. Don’t forget you can just cheat welcome bonuses.
Method 1: The first thing you need to do is that the traders create lots of new accounts to sign up welcome bonuses. Next, you hedge 2 accounts together. This help you get 50% win chance. For this way, it only take effect without any conditions.
Method 2: Just about something like method 1, you also open a variety of new accounts to register welcome bonuses. Secondly, you use the high leverage to open very big positions. You also need to hedge them with other accounts to guarantee the win rate is 50%.
In conclusion, after reading this article I hope that you find out a good brokers which propose the best forex bonuses for clients. Remember follow our website! May you succeed!