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1. Normally, a trader has to trade with a certain number of volumes before withdrawing the profits derived from the no deposit bonus.
2. A welcome bonus requires a deposit from a trader for getting this bonus.
3. The deposit match bonus typically has a minimum deposit requirement, a maximum limit, and the broker matches a trader's deposit at a preset percentage, typically ranging from 30% to 300%.

Bonus schemes from forex brokers have some requirements regarding how much your initial deposit should be or how much you need to trade if you intend to withdraw profits. The requirements may be okay for some traders, but some others may see them as a source of frustration.

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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?

A no deposit bonus can be used as a starting point to build a promising trading profit. Furthermore, you can use this to test the effectiveness of a trading strategy.

Continue Reading at How to Maximize Your Forex No Deposit Bonus

If the rules don't match your trading plan, then don't sweat it and move on. There's no use in chasing those bonuses while you sacrifice your well-thought strategy. You may end up trading uncomfortably or even more likely to get losses.

Continue Reading at How to Successfully Use a Forex Broker Bonus