With more than $43.9 trillion in turnover generated each day on the foreign exchange the industry is extremely buoyant and that means brokers are able to offer a host of bonuses to their customers. Indeed, because the FX market is an extremely competitive environment it’s become necessary for many sites to reward traders with cash rewards, such as deposit bonuses, based on their trading activity.
Much like the online poker and casino industry, Forex brokers reward new depositors with extra cash when they first fund their accounts by way of a welcome bonus. For example, FXUP.me is a Forex broker that offers an 80% deposit bonus up to $800. This means that if a user was to deposit $1,000 they would be gifted an extra $800 by the site, meaning their total trading balance would stand at $1,800.
Although deposits bonuses are usually given in the form of equity (i.e. money which can only be used to trade with), the extra cash is great for novice traders who are just starting their investment career. In addition to these incentives, Forex brokers will often offer other bonuses including reload bonuses and cashback schemes.
Indeed, cashback deals are a great way to make extra money because they reward traders for how active they are. While deposit and reload bonuses are generally aimed at new traders, cashback schemes are more suited to professionals who play the exchange market on a daily basis. Usually offering a fixed cash amount for each lot traded, this money will help increase a traders overall EV and, thus, profitability.
While Forex bonuses are relatively common, it can be tricky to find the most lucrative; however, thanks to fxBrokerSearch.com’s powerful comparison tool user can find the best rewards on the market. By lining up the sites that do give traders more bang for their buck and those that don’t, anyone can quickly see which brokers will give then an instant return on their investment.
Beyond this, we’ve contrasted the rewards offered by each broker to outline the top ten Forex bonuses. Collating them into one handy table, users can easily survey which FX brokers give them the greatest return on their opening investment, who gives them money for making a re-deposit and which site has a money back scheme.
Indeed, for those looking to grab the best Forex bonuses it makes sense to let fxBrokerSearch.com do all the legwork point you in the right direction.
|Best Forex Brokers with Bonus|
|Name||eToro||Forex Broker Inc.||RoboForex||iFOREX||Forex4you||XEMarkets||OctaFX||Admiral Markets||SunbirdFX||Easy-Forex|
|Visit Site||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up||Sign Up|
|Spread - EUR/USD||3.00||0.70||2.00||3.00||2.00||1.90||0.60||1.00||-||4.00|
|Spread - GBP/USD||4.00||0.70||3.00||4.00||3.00||2.60||0.60||2.00||-||5.00|
|Accept US Traders||No||Yes||No||No||No||No||No||No||No||No|
|Name||eToro (Europe) Ltd||Noble Services||-||Formula Investment House Limited||E-Global Trade & Finance Group, Inc.||Trading Point of Financial Instruments Ltd.||Octa Markets Incorporated||Admiral Markets||Sunbirdfx.com||Easy-forex|
|Regulation Authority||CySEC (Cyprus)||-||-||-||FCA (UK), FSC (BVI)||CySEC (Cyprus)||-||ASIC (Australia), FSA (Estonia)||-||ASIC (Australia), CySEC (Cyprus)|
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This means advertised prices may not be accurate and could differ from the actual market conditions. For this reason it is not appropriate to rely on any data presented by fxBrokerSearch.com for the purposes of trading.
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