TenkoFX Bonus
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Why is a deposit bonus better than a rebate?
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?
What are the types of forex brokers' bonus?
- Forex Deposit Bonus
A forex deposit bonus is closely related to the deposit you make. Normally, you need to make a deposit on the website of your chosen broker. - Forex No Deposit Bonus
Forex no deposit bonus can be a solution if you don't want to risk too much money for trading. In short, you will be given money by your broker to make your first trade. - Welcome Forex Bonus
This type of bonus is dedicated to new clients, therefore you can't get this promo if you're a regular client. - Special VIP and Regular Customer Bonus
Usually, brokers will reward their loyal clients with bonuses, as well as their VIP clients. Normally you need to stay active on the broker for some time to claim the bonus. - Pending Forex Bonus
Just like the name suggests, you can't use this bonus immediately after you receive it. However, you can claim it once you do a particular action on your broker's platform. - Forex Reload Bonus
This bonus is dedicated to regular clients. Usually, the broker will give you the bonus on the second deposit and after.
Continue Reading at What You Need to Do in Choosing the Best Forex Bonus
How do I research broker bonuses?
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
What are the considerations in choosing a bonus?
- First, pay attention to whether the bonus profit can be withdrawn at any time.
- Next, pay attention to the bonus program scheme.
- Other than that, also pay attention to what's allowed and not allowed in the program.
Continue Reading at How to Successfully Use a Forex Broker Bonus