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Forex Welcome Bonus Is
Forex welcome bonus is a type of broker promotion that provides a certain percentage of the deposit increase. This bonus is credited to clients when they make their first deposit into their account. Unlike other types of forex deposit bonuses, this bonus is the largest. For example, a broker offers its customers a welcome bonus of 30% of the deposit amount. The client deposits USD 1,000 into the account, and the broker credits an additional USD 1,000 to the account.
Therefore, the user's total balance is already USD 2,000. However, funds credited as such a bonus are rarely credited directly to a live account. As a rule, companies provide forex bonuses as a so-called trading credit. To withdraw it, a trader must meet certain requirements. In some cases, the company will allow the use of bonus funds to cover slippage, increase margin when opening trades, etc. Forex welcome bonus is an attractive offer for traders and a benefit for brokers.
The trader gets additional financing for his deposit, which in the future can be used for trading. Brokers are interested in traders making as many trades as possible and the welcome bonus is a good incentive. As you can guess from the name, this is a bonus that is given only to new customers who register on the website. They are usually offered with the highest Forex deposit welcome bonus type. Once you have registered on the broker's website, claim the Forex deposit bonus.
Once you start trading, your chances of getting this offer end. A forex welcome bonus is just that. It is a bonus that welcomes you to a trader’s site. Often, you get a forex welcome bonus when you open a forex trading account and make a deposit. As a result, it is also called a deposit bonus. The size of your deposit bonus is often expressed as a percentage. This percentage reflects the bonus you will receive based on the size of your deposit. For example, if the broker you sign up with offers a 30% forex welcome bonus and you deposit $1,000, you will receive $300 in bonus money.
However, you cannot immediately withdraw your bonus money from your forex account. If you did, the broker would lose money, and no business can afford to lose money. Instead, you must use your forex deposit bonus to trade. But that’s why you signed up! When you receive a welcome bonus from a forex broker, you must reach a trading turnover target before you can withdraw funds from your account. This is the amount you trade in your forex account by buying and selling currencies.
The more you trade, the quicker you will clear any restrictions from your forex welcome bonus. Forex deposit bonuses are a great way to increase your available funds for trading. However, if you are a casual trader, you may struggle to reach the required trading turnover, and thus this may not be the best bonus for you. If you are a casual trader, then a forex broker welcome bonus is an easy way to increase your funds.
How to Find the Best Forex Welcome Bonus?
Many brokers in the market offer welcome bonuses, but not all of them are that attractive. Forex trading experts have researched some of the best welcome bonus brokers and then informed Digital Journal . They have published a list of the best broker bonuses; you should check it out before looking for a forex trading broker.
How Do You Claim a Forex Welcome Bonus?
The steps you will go through to claim your welcome will vary from broker to broker, although the main actions always remain the same. Below, we walk you through the main milestones, so you can easily get the best forex bonus.Finding Forex Brokers That Offer Bonuses
We’ve got you covered there. Check out our list of the best forex bonus brokers and pick one. All of our recommended brokers offer safe and secure trading platforms and solid trading bonuses. Choose one of our recommended brokers and you’re in safe hands.Register to Broker Site
The next step is to register for a forex account. This involves filling out various forms but don’t worry, this usually only takes a minute or two to complete. In addition to providing contact details, you may also be asked about your current trading experience. This is so that the broker can determine which account type you should apply for, and what bonuses you will receive.
Make a Deposit
All of our top rated forex bonus brokers offer a variety of quick and easy deposit options. Once you make a deposit, your forex welcome bonus will be credited to your account immediately. Of course, if you have chosen a no deposit forex bonus, then you will receive the bonus after signing up with the broker.Benefits of Welcome Bonus
Forex welcome bonuses provide several trading benefits, including providing additional funds for clients to use in their trading activities. In most cases, this is reassuring for newcomers and those who do not want to deposit a large amount of money at once. For example, if a trader receives a free welcome bonus, they will have the opportunity to start trading on a live account and research the market before making a deposit.
Several conditions must be met before some brokers allow traders to withdraw their bonus money. Ideally, your choice of broker should not be influenced by the available promotions. However, if you do not have an account with a broker yet, there are many great brokers offering bonuses these days, so taking one will not be difficult. So, once you have your bonus, the main idea is to be able to withdraw it.
The rule of thumb is to look at the volume requirement and divide it by the number of working days left until the volume completion deadline. For example, if you need to complete 25 lots within 20 weeks, you should complete 1.25 lots per week or 0.25 lots per day. However, it is highly recommended to achieve an average daily turnover that is at least 25% larger, which is around 0.32 lots. Following such a plan on daily volume will allow you to withdraw your bonus. However, it is important to note that you should treat the bonus as a secondary income, trading results should always come first.
Forex Bonus GIC
On the GIC platform, you can also get various types of forex bonuses. One of them is the 30% WELCOME BONUS PROMO, this gives you the opportunity to increase your MARGIN LEVEL, thereby increasing your profit potential. After trading at GIC, we also have a GIC Affiliate program, where you can also invite your closest friends or other people to join GIC so that you become one of the IBs and get a rebate of up to 180 thousand / lot and an extra 5% commission per deposit.
After learning about the forex welcome bonus, you can start doing research on which brokers will offer this bonus. In addition, register with GIC and trade to be able to get the bonuses that have been offered by GIC itself.
