Forex Bonus & Rebate Programs
Online Forex brokers compete hard to expand their customer base with new accounts. In order to attract new traders, Forex Brokers offer Bonus & Rebate plan mainly for new accounts, but sometimes for existing accounts as well.
What you should be aware of...
Types of Forex Promotions
There are many different types of Forex Promotions, the main types include:
No Deposit Bonuses –No Deposit Bonus is a fixed amount that is offered by Forex Brokers to traders without requiring an amount to be deposited. This promotion usually refers to small amounts (20-50 USD). The only obligation for traders is to fill a registration form with their details and usually to confirm their registration using a mobile number.
Only a few Forex Brokers offer no-deposit bonuses and it is strongly suggested to look through the terms and conditions of the offer before register a no-deposit bonus account.
First Deposit Bonuses – This type of Forex promotion is concerning the first deposit of a new account. As a trader makes a deposit, the Forex Broker is adding a percentage of the initial deposit to the trading account. Forex example, if the Deposit Bonus is 30%, and you Deposit 1,000 USD, then your initial account balance starts with 1,300 USD. Usually, the maximum amount of a Deposit Bonus is 20,000 USD.The key here is to be able to withdraw the bonus (cash-bonus) after meeting volume-requirements. If a bonus is not a cash-bonus, it can still be useful as long as you can use it as an extra margin. If a bonus is not withdrawable and cannot be used as an extra margin then it is 100% useless and you should avoid it.
Re-Deposit Bonuses –As the name suggests, this a bonus for re-depositing funds. Only a few Forex brokers offer it and there are limitations.
Bonus Based on Trading Volume – Bonuses of this type are offered by some Forex Brokers to traders who reach a certain monthly trading volume.
Forex Rebates – Rebates are offered to traders as cash-back funding to their accounts. Forex rebates are usually provided but by Introducing Brokers (IBs) like OnlineForex.Biz. The rebate amount depends on:
(a) the Forex Broker,
(b) the volume activity,
(c) the assets you trade
A Forex trading rebate is usually calculated on a full-traded lot basis (rebate=$/lot). It is paid at the end of each month, or at the beginning of the next.Trading Rebates at Forex-Rebates.com: ► Forex Trading Rebates Info
Forex Championship –Some Forex brokers are organizing annual contests for traders and developers.
Compare Forex Providers: » Forex Broker Directory
□ LQDFX WELCOME CASH BONUS
Deposit for claiming the bonus: $250
- The Bonus Value is calculated as $5 USD per full round turn lot traded on FX & Gold products
- The minimum duration for the qualifying positions is 3 minutes
- The bonus can be withdrawn after completing the volume requirements
□ JUSTFOREX WELCOME CASH BONUS
Deposit for claiming the bonus: $100
Choosing between a Forex Bonus and a Forex Rebate
The right choice between a Forex Bonus and a Forex Rebate program depends on your trading profile.
(i) If you are new with Forex, a cash deposit-bonus will fit you better, while
(ii) If you are an experienced trader who plans to trade hard, a cash-back rebate program is by far the best deal for you
How can you use OnlineForex.Biz to get the best Bonus Deal?
We partner with tens of the best Forex Brokers around the world. By using the Contact us you may send us your inquiry for a new account, it's free of charge. In order to save time please specify:
Country of Residence
Trading Experience (in years)
Preferred Platform and other Preference if any (MetaTrader4, Expert Advisors, Scalper, etc)
Desired Currency Pair / or Pairs (optional)
The amount you plan to deposit
Simply use the Contact Form and send us your inquiry today, it's free before you open an account and it's free after you open an account. And that is because we make money only from Forex Brokers, not from traders.