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There are many types of forex deposit bonuses from forex brokers these days. Admirals has some tips to help you choose the one that helps you achieve your trading goals.
Every trader knows that generating profit from forex trading is not as simple as it looks. This is why most traders would gladly accept any type of offer that could help them increase their chance of winning in the forex market. One of the easiest ways to earn free money is through bonuses, and the best thing about bonuses in forex trading is the fact that they are very popular. You can find various types of bonuses in almost every broker, but forex deposit bonus is arguably the most common type offered to forex traders.
As a trader, it is extremely important to trade with a good broker. While there are key factors that should be taken into account when choosing a broker, the availability of a good deposit bonus deal can also be a plus. Such a bonus is highly useful for market participants because it allows them to increase their starting capital by a certain amount and use the money to open new positions. In this article, Admirals explains anything you need to know about forex deposit bonus, starting from the basic definition to how to choose the best deposit bonus program.
Contents
Forex Deposit Bonus Explained
Generally speaking, forex deposit bonus is a type of program that compensates traders for making a deposit in their trading account. The bonus is typically given to clients as a way to reward traders for choosing the broker's service and to boost the client's trading journey. Most deposit bonus programs only require traders to create an account and deposit a certain amount into their account, but these conditions may vary from one broker to another.
In the majority of cases, forex deposit bonus involves the following steps:
- Registering for a new trading account on the broker's official website.
- Completing the verification process, including phone number, email, and identity.
- Making the initial deposit of a certain amount required by the broker or conducting a certain number of trades after the deposit.
Once the client completes all of the steps above, the broker would give the bonus amount to the client's account. Note that the processing time may vary depending on the broker. For some brokerage firms, the process might only take a couple of minutes, while others might take a few hours. But in general, the client should receive the bonus within 24 hours after their first deposit. Once the client receives the bonus, they can do whatever they want with the funds.
There are at least two possible options when it comes to the bonus structure or how the bonus works basically. In the first case, the broker offers traders a fixed amount of money in exchange for making a deposit into their account. For instance, the broker might offer new clients a flat $50, once they meet the minimum deposit amount.
The second common option is to reward clients with a specific percentage of their initial deposit. In other words, the higher you deposit, the higher the bonus that you'll get. While this may be an advantage for traders, it is important to keep in mind that most brokers impose some upper limit on these bonuses. For example, the broker promotion might offer new clients a 50% bonus of up to $2000. This means that clients will receive $2000 for depositing $4000. However, even if the client deposits more than $4000, the bonus will max out at $2000.
Different Types of Forex Deposit Bonuses
There are several types of deposit bonuses that are commonly offered by forex brokers. It is essential to learn about each of them and understand the broker's terms and conditions before you register. According to Admirals guide, here are some of the most common ones:
Welcome Deposit Bonus
Often known as first deposit bonus, this type of bonus only applies to new clients for opening a trading account with the broker and making their first deposit. Such a program is aimed to attract new customers, so the bonus amount is usually the highest. To claim the bonus, you simply need to make a registration on the broker's website and make your first deposit. Keep in mind that this type of bonus is only given once per account, so it's not necessarily profitable in the long term.
No Deposit Bonus
This type of bonus is similar to the welcome deposit bonus, except that it doesn't require you to make any deposit. All you need to do to claim the bonus is open a brokerage account and complete the registration process. The bonus will be given to you immediately regardless of your investment activity. The amount is usually modest and varies between $5 and $50. This can be an excellent opportunity to make a profit from trading without having to risk any money.
The only problem is when traders straight up use their no deposit bonus for their first trade and end up wasting it in a series of losing trades. Instead of doing that, it would be much wiser to practice with a demo account while studying the basics of trading. Once you're ready, use the no deposit bonus to test out your strategy. Make sure to use a proper risk management system to prevent you from getting unnecessary losses.
Ordinary Forex Deposit Bonus
Ordinary forex deposit bonus rewards traders every time they make a deposit. In other words, you can earn the bonus multiple times throughout your trading journey. Due to such an advantage, the bonus typically has a lower limit than other types. Still, it can be a great way to ease your expenses every time you make an investment.
Forex Rebates
This type of bonus basically gives back a certain amount of spread or commission to traders after they have closed a position. Some brokers can process the rebates rather fast, but most brokers tend to pay them back on a monthly basis. It can be advantageous as it offers rewards for every single lot you've traded and there's no minimum amount that you need to fulfill. The main issue is that some programs are simply not that useful to traders because they only work as a proportional compensation for your trading-related expenses. The amount is also usually very small, making it rather insignificant for the whole trade.
See Also:
How to Choose the Best Deposit Bonus
Bonus programs offer great opportunities to improve one's trade and earn free money. However, like any aspect of forex broker, not all of them are actually that profitable. This is why it's important to be able to choose a proper deposit bonus program for your trades. Here are three easy tips from Admirals that you could follow:
Choose the Right Broker
No matter how good the bonus is, you should always check the broker first. There is no use in getting a good bonus from an unreliable broker. They might be a scam for all you know. Remember that in order to get the bonus, you need to open an account and put some money in your account. This means you must trust your broker enough to store your funds and keep them safe for your trading activities.
After all, trading is your main source of income as a trader. You should consider crucial aspects to support your trading needs, like spreads and commissions, account types, and payment methods before you take a look at the bonus programs. Once you have narrowed down your list of brokers, you can then check the additional features like deposit bonuses and such.
Consider the Bonus Terms
When choosing a bonus program, don't forget to check the terms and conditions first. Some brokers may offer bonus terms that cannot be achieved unless you neglect your risk management system or only reward traders who trade a ridiculous amount of lot sizes per month. Such programs are definitely not recommended as they can distract you from your actual main goal. It might tempt you to take more risks than you can afford and lead you to bigger losses – all just for a simple bonus.
Therefore, make sure that the broker offers you terms that you can actually achieve within your normal trading routine. This way, you can focus on your trade only rather than stressing over your daily trading volume.
Trade the Bonus Wisely
Another thing to keep in mind is to know how to use the bonus properly. The idea is to choose a bonus system that fits your trading style instead of the other way around. Once you have chosen the right bonus, cashing out would be a rather small task to accomplish. Remember that the bonus is only supposed to be an addition to your trading capital, so don't risk your well-thought trading plan for it.
Admirals' Forex Deposit Bonus
Admirals is one of the top brokers that offer an interesting deposit bonus program called 100% Welcome Bonus. As the name suggests, the broker offers a 100% bonus on your initial deposit, allowing you to double your trading capital and get up to $5000 from your first deposit. The minimum deposit amount is $25 and there is no hidden commission. Moreover, the bonus is available to all Admirals' clients that are registered with the broker's Seychelles subsidiary (Admirals Global).
Where to Find the Information on the Official Broker Site?
- This information is reported per Feb 22 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore Admirals homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Get Admirals' Deposit Bonus
In order to claim the promotional bonus, there are two simple steps that you should follow:
- Register with Admirals Global.
- Deposit at least $25 using the available payment system.
- The bonus will be added to the account as soon as the deposit is completed.
Interestingly, Admirals stated that the welcome bonus is available for withdrawal. You only need to wait until the end of each week since Admirals calculates and transfers the bonus to the account balance at the end of trading session on Friday. The amount of bonus that is available for withdrawal would be $10 for every 10 lots traded.
Final Thoughts
Forex deposit bonus is a unique marketing campaign run by forex brokers to draw new customers to the services they provide and retain existing clients to keep being active. As for traders, this can be a great opportunity to increase their trading capital and earn higher income from their trades.
However, choosing profitable bonus programs is actually not that simple. While the requirements are typically easy enough to complete, some brokers might impose certain conditions that make it slightly more difficult to cash out the bonus, like bonus expiration time or giving it as trading credits instead of real funds.
That being said, it's important to be ive when choosing a bonus program to participate in. Admirals' welcome deposit bonus is a good example of an easy-to-get bonus program with highly attractive bonus amount.
Admiral Markets is a forex and CFD brokerage that has been operating since 2001 to provide smart financial answers for traders around the globe. Their main services revolve around 3 key activities: Learn, Trade, and Invest. In doing so, they have many registered subsidiaries including Admiral Markets UK Ltd, Admiral Markets Pty Ltd (Australia), Admiral Markets AS Jordan Ltd, Admiral Markets Cyprus Ltd, Admirals SA (Pty) Ltd (South Africa), and Aglobe Investments Ltd (Seychelles) for the worldwide market.
20 Comments
Tendy
Feb 23 2023
Hi, I'm new here. I just wanted to read some articles to improve my learning for Forex. And for some reason, this article appears in the main page of this website. One phrase that might bother me. The author argues that it is not easy to make a profit from forex trading. I mean, I've seen a lot of people trade forex, but it seems so easy to make $50 in minutes. How difficult is Forex?
Also, I have seen many bonus options that I can choose from. Which of these options is best for me? And can I trade immediately after signing up and get the bonus? I mean, I'm really new here. That's the best way to do the forex by get bonus and trading with little money, right?
Irwin
Feb 23 2023
Tendy: Friends, it is better to learn Forex from the basics first. I mean if you are really confused and don't know anything about Forex, then you better read Forex basics. Luckily, you can read some basic Forex on this site. I list it below:
All of these article can be also found in the menu Article, and just click on Beginners Practice.
Based on the article I shared, you need to trade a demo account then you can access the real market. It will be a pity if you use the bonus carelessly, because the bonus is only received once and if you can trade well, knowledgeable about Forex from outside and inside, then the bonus you get can give you meaningful profit without having to deposit extra money. Due to the many processes involved in forex trading, it will be difficult to learn forex and make $50 in minutes, which can take years to practice.
Emiliano
Feb 23 2023
Is it possible to withdraw the bonus? I mean after depositing there I will get double bonus, right? And the total I will get double bonus if I deposit $25 is $50 and there will be no commission. This means there are no hidden fees in it which is I like the system bonus that Admiral offer.
And what if I trade with the bonus, I will lose $25 and then I will withdraw the rest of my money. Can this be done correctly? Since I was thinking about Forex risk, why should I use my own money, instead, it will obviously save my money and avoid unnecessary risk if I use the bonus that I get
Lee Jihon
Feb 23 2023
Although the article does not mention the bonus withdrawal term, I believe it is not possible to withdraw the bonus. Basically, bonuses are used to help traders make more profits, trade more with more money. And I think all brokers will also apply only the conditions you only can use the bonuses to trade. Some brokers even may apply a condition that when the bonus is not trade within a certain period of time, the bonus will disappears immediately.
I must admit that the reward offered by the Admiral is the best one I have ever known. Because it's really clear that we get the bonus and whether you redeem it or not, the bonus will not be removed and there are no strict conditions for getting the bonus.
Bryce
Feb 23 2023
In the above article, the author has explained the terms you need to read before using the broker bonus. I completely agree on that. I mean, there are some conditions that if you violate, the bonus will be canceled there and you will not get any more bonus.
I mean, it is very important to read the terms before trading and the thing you need to be most careful about is the withdrawal. Some brokers may not allow you to withdraw the bonus even after profit is made. For example, if you get $50 bonus and win $20, the amount you can withdraw is only $20, while the bonus is still in your account. As if money is only for buying and selling and can't be used for anything.
This is why some traders may be confused by this. SO, it's important to read bonus terms
Minho
Mar 31 2023
Okay, in the article it says that brokers usually offer two types of bonuses: welcome bonuses and no deposit bonuses. Beginners may see the no deposit bonus as the better choice because, as the name suggests, trading with this bonus does not require using our own money but the broker's. This is a very good choice for beginners since they do not have to risk their own money.
However, as usual, the no deposit bonus may be lower than the welcome bonus. So, as a beginner, can the no deposit bonus really help us or does the welcome bonus provide more advantages?
Rafael
Mar 31 2023
Both welcome bonuses and no deposit bonuses can be beneficial to beginners, but they offer different advantages. The no deposit bonus is a good choice for those who are just starting out and want to try trading without risking their own money. However, the amount of the no deposit bonus may be lower than that of the welcome bonus, which means that you may not have as much capital to work with.
On the other hand, the welcome bonus typically requires you to make a deposit, but in return, you can receive a larger bonus. This can provide you with more capital to work with, which can be advantageous for beginners who are still learning and need more experience in trading. If you ask my opinion, obviously I will choose welcome bonus since we can get more capital and can get more experience in the trading.
Elka
Mar 31 2023
I agree, if I were you, I would also take the welcome bonus. In Admiral, you can get a 100% deposit bonus or your equity can be doubled, which makes it very worthwhile to claim the welcome bonus. Furthermore, Admiral allows you to withdraw the bonus after trading for 10 lots, and every week you can get $10. In other brokers, bonus withdrawals are not allowed, and most of them will cut your equity. Additionally, if you claim the no deposit bonus, the current terms may not be suitable for your trading system. Therefore, the welcome bonus is a better choice for me. You can collect money to deposit while training yourself in trading, accomplishing two things at once.
Tuanzebe
Mar 31 2023
I am new here and I have a question about the welcome bonus offered by Admirals. It seems that it can double my trading funds, which is very helpful for me as a newbie. I am also interested in the fact that the welcome bonus can be withdrawn at Admirals. I understand that I need to wait until the end of the week, and then the broker will send the bonus to my account balance. After trading 10 lots, I can withdraw $10 of the bonus.
So, it doesn't matter whether I win or lose to get the bonus withdrawal, right? And how much do I need to trade to reach 10 lots
Harkon
Mar 31 2023
Just want to tell you that If you want to withdraw the bonus offered by Admirals, you need to trade 10 lots first. It doesn't matter if you win or lose, as long as you complete the 10 lots. The number of trades you need to make to reach 10 lots depends on the size of your trades. For example, if you're trading in mini lots, you need to make 1,000 trades to reach 10 lots.
However, remember that it's important to have a solid trading strategy and risk management plan. You shouldn't make trades just to reach the bonus requirements. That could lead to losses and is not a good idea.
Josh Wesley
Apr 8 2023
I would appreciate it if you could provide me with more information regarding the 100% welcome bonus offered by Admiral Markets. As you are likely aware, bonuses of this nature are not commonly offered by brokers in Australia. It can be frustrating that even when utilizing the same broker as traders outside Australia, we may not receive the same benefits. Additionally, the high deposit requirements and lower leverage available in forex trading can present challenges.
Thus, I would like to inquire as to whether this welcome bonus is available to Australian traders with Admiral Markets, and further, what factors may contribute to the infrequency of promotional bonuses in the Australian market.
Thank you kindly for your assistance.
David
Apr 10 2023
! From what I gathered from my sources, it seems like the Admiral welcome bonus is available for Australian traders. And let me tell you, it's not always easy to find good bonus offers from brokers here in Australia. Sometimes we miss out on the good stuff that traders in other countries get, which can be frustrating. Plus, the deposit requirements for Forex trading can be high and the leverage is often lower, so every bit of extra bonus helps. That's why I think it's worth checking out Admiral's welcome bonus offer.
But, it's important to note that like any bonus offer, there are terms and conditions that apply. So, make sure you read and understand them carefully before you decide to take advantage of the bonus offer. And if you have any further questions, don't hesitate to reach out to Admiral's customer support team. They should be able to provide you with more information and help you out.
Gerard
Apr 10 2023
Why you, Australian trader hard to get the bonuses and the brokers in there seldom do the promotional bonus. It is because the ASIC rules. They have certain rules that brokers need to follow in order to operate in Australia, and one of them is that they need to prioritize the protection of their clients' funds. This means that they can't just go around throwing bonuses and promotions at people without considering the potential risks involved. ASIC wants to ensure that brokers act in the best interest of their clients, rather than just trying to lure them in with flashy incentives. So yeah, that's why it can be tough to find brokers that offer bonuses here in Australia.
Joan
Apr 9 2023
Hey there! I understand that Admiral Market is offering two types of bonuses, namely the welcome bonus and the no deposit bonus. It's awesome that they provide these bonuses as it can be a great opportunity for traders, especially beginners, to receive some extra funds and start trading without risking too much of their own money.
As the beginner here, I am so exicited about the bonuses and curious. What if I get the no deposit bonus first and after that I deposit to get the welcome bonus. I mean 2 in 1 bonus. Can I do that in bonuses from admiral markets? Thank you!
Jeremy
Apr 10 2023
Unfortunately, you won't be able to take advantage of both the no deposit bonus and the welcome bonus at the same time. This is because the terms and conditions state that the welcome bonus is only available to new clients who have never traded with Admiral before, and once you receive the no deposit bonus, you will not be eligible for the welcome bonus.
My suggestion would be to carefully review the terms and conditions of both bonuses, and then decide which one would be the best fit for your trading needs and financial situation. If you are not yet ready to invest your own money, then the no deposit bonus may be a good option to get started with. However, if you have the funds to invest, then the welcome bonus may be a better choice as it offers a larger bonus amount.
Either way, make sure to always review the terms and conditions of any bonus or promotion offered by Admiral Markets, as well as your own financial situation, to ensure that you are making the best decision for your trading journey.
Torres
Apr 10 2023
Can traders receive the deposit bonus in two different trading accounts with Admirals? Considering their 100% Welcome Bonus program, which allows traders to double their initial deposit up to $5000, are they limited to receiving the bonus in just one account? What are the specific requirements for claiming the bonus, such as registration and minimum deposit amount? Additionally, how does the withdrawal process work for this bonus? Admirals mentions that the bonus is available for withdrawal and is calculated based on the trading volume, but what are the specific conditions and criteria for withdrawing the bonus amount? Can traders withdraw the bonus from both accounts or just one?
David
Jun 7 2023
When it comes to bonuses in trading, it's important to understand the associated risks and use them wisely. You mentioned the significance of ing a bonus system that aligns with your trading style rather than adjusting your style to fit the bonus. Could you elaborate on the potential risks that traders should be mindful of when utilizing bonuses in their trading activities? Are there any specific challenges or considerations that traders should keep in mind to ensure they don't compromise their well-thought-out trading plans for the sake of the bonus? Additionally, can you provide insights into how traders can effectively integrate bonuses into their trading capital while maintaining a prudent risk management approach? I'm eager to learn more about the nuances of using bonuses in trading and the strategies for optimizing their benefits while mitigating potential risks
Jeremy
Jun 13 2023
@David: When it comes to trading bonuses, you gotta be careful about the risks and use them wisely, you know? One big risk is those trading volume requirements that often come with bonuses. They say you gotta reach a certain trading volume before you can withdraw the bonus funds or any profits you made from them. So, make sure you can meet those requirements without messing up your trading plans, man.
Time constraints are another thing to watch out for. Bonuses usually come with expiration dates or deadlines, and you gotta consider if the given time frame works with your strategies and if you can meet the requirements without rushing or taking unnecessary risks. Oh, and don't forget about those withdrawal restrictions that can hold you back from managing your funds effectively. To make the most of bonuses, evaluate the terms, stick to your trading plan, treat the bonus as extra capital, keep an eye on your progress, and always prioritize risk management. That way, you can maximize the benefits while minimizing the risks, dude.
Wilson
Jun 26 2023
When taking advantage of Admirals' Forex Deposit Bonus program and aiming to claim the promotional bonus by depositing the minimum amount of $25, I'm curious to know which payment method would be the most suitable choice. Considering factors such as ease of use, reliability, and potential eligibility requirements, are there any specific payment systems recommended by Admirals to ensure a smooth and hassle-free deposit process? I'd like to understand the available options and their respective advantages, such as fast transaction times, low fees, and accessibility. Additionally, are there any specific considerations or criteria that traders need to be aware of when ing a payment method in order to qualify for the 100% Welcome Bonus offer? It would be helpful to know the preferred payment systems suggested by Admirals to facilitate the qualifying deposit and maximize the benefits of doubling the trading capital through the bonus.
Aston
Jul 3 2023
@Wilson: Hey there! When it comes to claiming the Forex Deposit Bonus from Admirals and depositing the minimum amount of $25, choosing the right payment method is important. Admirals recommends several payment systems that offer a smooth and hassle-free deposit process.
For ease of use and accessibility, popular options like credit/debit cards or bank transfers are great choices. They're widely accepted and usually have straightforward deposit procedures. You can easily link your card or transfer funds from your bank account to make the deposit.
If you're looking for fast transaction times, e-wallets like Skrill or Neteller might be worth considering. They're known for their quick transfers, allowing you to fund your account almost instantly. Plus, they often have lower fees compared to traditional methods.
When ing a payment method to qualify for the 100% Welcome Bonus, it's essential to check if Admirals has any specific requirements. Some promotions may have restrictions on certain payment systems, so it's a good idea to review the terms and conditions to ensure your chosen method is eligible.
By choosing a recommended payment system that aligns with your preferences and meets Admirals' criteria, you can enjoy a smooth deposit process and maximize the benefits of doubling your trading capital through the bonus. Happy trading!