OTX Forex Bonus

A deposit bonus is much better because rebates are not of great use to traders. While rebates may look appealing, most times, they are merely proportional compensation for the expenses incurred when trading.

Usually, the size of a rebate tends to be small which means trading with a broker that provides rebates allows the trader to essentially save just a small part of his/her funds.

On the other hand, a deposit bonus provides a much more significant benefit with deposit bonus offers ranging from 10% to larger figures of up to 100%, although with deposit bonuses, traders also have to be careful because bigger is not always better.

Continue Reading at Rebate or Deposit Bonus, Which One is Better?

Try to find reviews about your broker and their bonuses to get a better understanding of what you are getting into. Look for the good and the bad, the do's and the don'ts, etc.

Don't be hasty and try to surf the internet for a while and come back when you have a better idea. Looking at the track records of your broker is recommended, make sure they are regulated and not a scammer.

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus

1. Apply for the promotion
   • Make an Account
   • Check Your Trading Account
   • Visit the Promotional Link
   • Use the Trade for Rewards Button
   • Make the Necessary Deposit
2. Claim the prizes
   • Go to your trader room's "Trade for Rewards" widget. This widget allows you to access the prize claim process.
   • You will see a list of eligible accounts if you meet the criteria and qualify for a prize. Choose the account where you want your prize to be deposited.
   • After you've chosen an account, click the "Claim Prize" button to begin the prize claim process.

Continue Reading at USD5,000 Prizes for Nigerian Traders Available in Forex4you

That will make you more focused on your trades.

Instead of fighting your way to fulfill the required transaction size to withdraw the bonus, focus on your trades so you can earn some market profits from the provided bonus.

After all, deposit bonus is actually an additional margin for you to have more "power" in opening positions. 

Continue Reading at Forex Deposit Bonus: 5 Things Every Trader Should Know