Category: BONUS ON DEPOSIT
A bonus is something extra other then your investment. It is a marketing strategy to attracts people towards you, this is why many of the Forex brokers are offering bonuses. What will you do if a broker is offering you $200 for your $100? Many brokers offer you bonus when you deposit money to your account. These bonuses are called “Free Margin”. They allow you to have at your disposal on your account an amount superior to your deposit (deposit + bonus).
Many Forex brokers are offering bonuses on deposit. These bonuses vary from broker to broker. Some brokers make you do certain amount of trades before you can receive the bonus or withdraw the money from the account. Let me make it more clear with an example. 4XP Brokers are offering 50% bonus on deposit i.e if u deposit $100 you will get a bonus or $50. But u cant withdraw all $150 dollars without trading. You will have to do a certain amount of trades before withdrawing your money.
If you are new to fore be careful while choosing your broker as it can enlarge your investment significantly. But dont only make choice on considering the bonuses they offer, keep other facts in mind too. As the bonus will be of no use if you lost up your investment. The most important factor is the reputation of broker in the market. Other factors are Scalping, Trading at news timing, Spread, Order execution, Support etc.
Here is a list of brokers offering bonus on deposit.