A forex welcome bonus is an exciting perk that many forex brokers give to new traders upon sign-up. Forex companies understand that new traders have little or no trading experience and thus need some free education and capital to get started.
If you are a beginner Forex trader looking to start trading, you will be happy to know that there are many Forex brokers that offer bonuses. The Forex brokers with the highest number of traders have some of the best Welcome Bonuses for new traders.
Forex brokers offer a variety of bonuses to entice new traders. Some of these come in the form of reduced spreads, while others, like the welcome bonus, are a lump sum deposited into your trading account. A welcome bonus can help you make your first trades with minimum risk — you will receive more units of your base currency (or currency pair) when you trade. What’s more, you may also receive a refund of any losses incurred from these trades through an introductory rebate.
What Is A Welcome Bonus?
Forex Welcome Bonus is a credit given by the broker to new clients (traders) to start trading in the forex market. This bonus can be used by a trader to execute trade transactions. The forex welcomes bonus works in several ways. A forex broker may offer a forex welcome bonus for several reasons:
To attract new clients, as mentioned above to encourage traders to sign up with that particular broker reward existing customers who are loyal and have been with the broker for a long time
Forex welcome bonus is a reward for newcomers who have decided to enter the world of online currency trading. This type of welcome forex bonus is also called a no-deposit forex bonus because you do not have to make any deposit in order to receive it.
Ways to Get Welcome Bonus
Forex welcome bonuses are usually offered as a means to attract new clients. When choosing your broker, you should always check whether they offer some kind of forex no deposit bonus. The amount varies from one broker to another and it may be anything between 5 euros and 500 dollars. Some brokers may even offer you forex no deposit welcome bonus higher than $500!
There are several ways for you to get your hands on a forex welcome bonus:
- Signing up with a new broker (the most common)
- Making the first deposit
- Referring friends
If you have decided that you want to take advantage of this opportunity, go through our list of recommended brokers and choose the one that best suits your needs!
A welcome bonus is a type of deposit bonus that provides traders with extra funds to trade forex at their discretion. In order to be eligible for the bonus, traders have to meet the terms set forth by the forex broker. The usual requirements read as follows – open a new account and make a deposit, then use the funds deposited to place trades and generate profits. If you manage to surpass this hurdle, your profits will then be credited as your trading balance. Traders only need to satisfy these conditions before they can withdraw their money.
Best Forex Broker For New Traders
- World Forex
Hotforex is a platform for the forex trading, it helps you understand how to do trading in a proper way. Apart from this it also provide you with its own broker and trading software which helps you in getting the trades done.
The company’s excellent multilingual support team provides support in over 18 languages, while its innovative trading platforms provide instant online trading access in over 60 countries worldwide.
The hotforex believes its customers deserve the best service possible. You can benefit from free technical research from Trading Central, perform advanced trading operations, run trading robots (Expert Advisors) and copy deals of other traders (with the Virtual Hosting service).
HotForex For Beginners
Hotforex is a platform for forex trading, it helps you understand how to do trading in a proper way. Apart from this it also provides you with its own broker and trading software which helps you in getting the trades done.
As a beginner, you need to be patient and calm. I have seen so many people who are trying to make so much money in a very short time. However, the Forex market only belongs to those who are patient and willing to wait for a long time. You should not get stressed out because of the market’s volatility but instead study it and understand how it works. You need to learn all that you can about Forex trading before you start investing your real money. There is no point in risking your hard-earned money when you do not even know the basics of how Forex trading works.