Refer a Friend Bonus

Let's say you just signed up for a no deposit bonus program and got a $100 free capital. You then use it to trade and earn a $25 profit. What is the so-called bonus profit? The correct answer, of course, is $25.

If you want to draw the $100 bonus, there will be more requirements that are usually hard to comply with.

For example, to withdraw the bonus, you have to trade this lot before the bonus term ends:

(bonus amount) x 3 lots

So if the reward you get is $100, then you need to trade 300 lots!

Such a huge trading size is not ideal for retail traders aiming for trading with minimal risk. If you end up pushing yourself, more often than not you'll get a margin call first before hitting the 300 lots required.

Continue Reading at How to Avoid Bonus Withdrawal Problems

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?

If this happens, just look for a bonus at other brokers. Providing withdrawal conditions on bonus profits indicates a broker's policy that is difficult and unfair to traders. Bonus profit is a trader's earning, so brokers should not make it difficult to withdraw it.

Continue Reading at How to Avoid Bonus Withdrawal Problems

The welcome bonus comes with its advantages:

• It is a source of additional financing for traders, especially those who cannot afford a large deposit.
• The funds from the bonus can be used to cover slippage or losses that the trader may incur while trading.

Continue Reading at Top Forex Welcome Bonuses in 2023