OTX Forex Bonus

To decide which is the right bonus for you, you need to follow these simple steps:

1. Know your needs and trading style
2. Read the rules carefully
3. Don't force yourself
4. Do your own research

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

Using forex bonuses in a leveraged account is indeed possible.

Let's say you have $1,000 in your account balance. Since the maximum leverage is 1:100, then for every $1,000 in your account, you can trade up to $100,000 in value.

Now if you receive some bonus from your broker and end up increasing your balance to $2,000, then that means you will be allowed to open a position of up to $200,000 in size. 

Continue Reading at Should You Trade Bonus on a Leveraged Account?

 Because it is held as a competition, prizes can only be awarded to winners who are entitled to receive them. And to appreciate the winners' effort, brokers put little to no restrictions when it comes to the rewards' claiming.

Furthermore, you can get invaluable trading skills and experience from competing with other traders.

Continue Reading at How to Avoid Bonus Withdrawal Problems

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?