Four Best Forex Welcome Bonuses Beginners Need To Know

Being new learners who just took the first dive into the dazzling trading market, you must have known that the welcome rewards will be an important part of your adventure as it will be the jump start for it all. So, it is simply undeniable that you must be able to pick up a broker for yourself that has some of the best forex welcome bonuses. However, with the world being overrun with so many dealers, picking a suitable broker with the best welcome bonuses has proven itself to be quite challenging. But you don’t have to worry too much, as I will give out some of my personal analysis on this problem and my recommendation for the brokers that I believe to be in possession of the best welcome bonus forex plans.

  1. Who has the best forex welcome bonuses at the moment?

I have previously worked with some of the most respected and popular brokers, this experience has helped me learn various precious lessons. Making use of them, I have put together a list of the 3 brokers who have the best forex welcome bonuses. Their names are:

  • XM
  • FXTM
  • FBS

In my personal opinion, the best forex welcome bonuses belong to XM. Furthermore, they also have offers like a 100% reward for any type of new installment.

  1. How does one knows which are the best forex welcome bonuses?

Each of the experienced traders has their own way to know what are the best forex welcome bonuses. In my case, the ideal conditions for a dealer with respect to their welcome bonuses policies are as follow:

  • Lax conditions about rewards withdrawal

In the modern world, the number of dealers who installed firm policies on reward withdrawals has become immeasurable. To be frank with you, the chance of you being able to get your welcome reward back directly is really close to zero. Nonetheless, you need not worry too much, there is still another way for you as there is no limit placed on the money you made with those bonuses. For this very reason, a large number of brokers will not hesitate to request for some additional conditions once you start the process of pulling out the rewards such as a specific number of lots must be exchanged before you can start the process. Below are some additional figures that these brokers usually utilizes:

  • XM is not falling their “best forex brokers” name as they are utilizing the currently arguably most legitimate demands for anyone trying to pull out their rewards. If you want to pull out your rewards, you just have to first complete a measly 0.1 lot.
  • The second best broker is FXTM, they ask you to exchange at least 1 lot before being eligible to pull back your money.
  • FBS has a special reward plan that is called 123. What does this mean? It means that the maximum number of the reward you can get is $123. However, you can only withdraw at most a measly $3 for each time you trade a lot. To be more specific, let’s imagine that you won $60 in profit after trading for a whole week. Now, to get all of this money, you must exchange 20 lots.
  • Great reward numbers

There is no way denying that us traders always want our rewards as large as possible. And from the brokers that I recommended, FBS gives out the largest welcome reward number that one can obtain at $123. On the other hand, FXTM and XM are comfortable with a much smaller amount at about $30.

  • Forex dealers that one can depend on

There is one eternal fact in the trading market that has been proven to be right times and times again. It is the fact that more often than not, a reliable broker will always be better for traders. After doing business with so many brokers, I have come to the conclusion that none of them can match XM in the reliability and transparency department.

  1. Bonuses that are not welcome bonuses

If you are a trader, it is elementary to know that welcome bonuses are not the only type of reward program there is. All forex dealers have some kinds of unique reward plans installed. The two most known examples of this case are Deposit Reward and Lot back reward, also known as Loyalty Reward. To be more specific:

Deposit Reward: This type of reward is usually built with full respect to the amount of money you installed. Obviously, this also means that if you want to get more money out, you can just simply put more money in.

Lot back Reward: If you are not an experienced trader, I strongly advise you against using this reward. Why? Because this is the favorite go-to reward program for most of the senior exchangers. However, it works by rebating automatically one part of the money you used in any transaction back into your account, so it is not suitable for the newbies.

  1. Is there a way to pull back the reward money?

Like previously mentioned, every single forex broker has some kind of failsafe installed in case someone wants to withdraw their forex reward earnings. They are currently utilizing these two demands the most:

  • Demand about the amount of finished trading lot

There is an example that I have personally given in the paragraph above. All in all, before being eligible to make a withdrawal with your reward, a big number of brokers will request you to complete at least a specific amount of exchanges. This method is not without its own issues though, as we would need to install in a bigger amount of money to be able to take all of the reward money out.

  • Condition against the act of withdrawing rewards

I have worked with a large number of brokers and most of them will try to find some way to limit their traders against straightforwardly getting their reward money out, no matter what kind of reward it is. Nothing is off the list, from welcome bonuses to installment bonuses. The reason they do this is to prevent any type of cheating or exploiting.

Bollinger-Bands-218x150.jpg (218×150)

  1. Are good bonuses brokers the most suitable for us? Or are low spread ones better?

After a long time doing business in this field, I have gathered that almost all people will not hesitate and pick the ones with the best forex welcome bonuses right away. But here is a lesson for all you beginners, a trader must keep his sight on the long-term plan all the time. Thus, when taking the future into account, the ones that offer lower spread often will be a greater choice as you will essentially be exchanging in the best possible conditions. If we are talking about my personal preference, then I consider the credibility of a broker to be more important than anything else as I exchange huge numbers on a daily basis.

  1. 4 BEST FOREX BONUSES

After doing an extensive research on the trading market, I have finally been able to put together a list of the current best ECN brokers that also have the best forex welcome bonuses. Right now, I am having the list cut down to 4 dealers who possess some of the best reward plans in the market. They are:

  • Best welcome bonus – XM: 30$ welcome bonus
  • Best welcome bonus – FBS: 50$ welcome bonus
  • Best deposit bonus – XM: 100% deposit bonus
  • Lot Back Bonuses – Exness: Rebate 2 – 16$ per lot
  1. The cheating procedures for any forex reward plan

If you are a moral individual, there is no way that you will want to put these into action. However, with how volatile the trading market is, there will come a day when you would like to make use of these methods. Thus, I will leave here the two most used procedures, they both need you to make a giant number of accounts. Here they are:

  1. Hedge a pair of recently generated accounts. For those who don’t understand, it involves making one of the accounts win and the other one loses to keep a 50% win rate. You can only do this when your broker has some really vague conditions for withdrawal.
  2. This second procedure is similar to the first one for the most part. However, it also needs you to utilize the prominent leverages to make some huge positions. Thus, you will naturally need to have a broker that offers high leverages.

For Thailand traders, more about ฟอเร็กซ์ โบรกเกอร์

kasi

Next Post

Hire A Debit Collection Agency For The Collection Of Debt

Wed Jan 2 , 2019
In the present times, financial transactions have seen a wave of change when compared to the traditional times. In the traditional world, while the economy was more or less based on the cash transactions, the modern times have seen an ocean of change as the world becomes more and more […]
Hire A Debit Collection Agency For The Collection Of Debt

You May Like