If you are interested in forex trading, whether you are beginner or pro you can start your trade with the bonuses brokers provide. Many of the brokers attract the traders by different bonuses like deposit bonus, no deposit bonus, rebate bonus and other variety of bonuses and incentives to induce you to trade with them.
Forex Welcome bonus Promotions are offered to new clients of the company. Mainly this bonus promotion is used by the brokers in getting new clients with them. New brokers in the market offers huge amount of welcome bonus to the traders so that client follow with them will be better. Also nowadays other established brokers are also offering welcome bonus.
Rescue Withdraw bonus
It is balance bonus which is given to the traders on their deposit. Brokers used to give certain percentage (%) of the deposit as a bonus and the bonus could help trader?s every position. The Bonus will support the Margin and Will Hold the Positions Open till the Stop Out level reach by the total balance The Deposit and The Bonus.
The Bonus given can be withdrawn if the client completed the amount of the bonus divided by $10. for example, if a client deposited $1000 and received $500 in bonus, The client will be able to withdraw the $500 in bonus in the top of his profits and deposit as his own money if the client traded 50 standard lot, in other words for every lot the client trade the client able to withdraw the amount of $10 from the bonus with a condition the whole number of lots given to each deposit will be traded. 5stars forex provide such bonus to the traders.
Rebate bonus means the cash back bonus i.e. brokers give certain amount after their clients trade each standard ?lots? with their own deposited capital. Rate of rebate is different with different brokers in the market.
Some of the brokers give this Loyalty to the clients to make them more loyal towards them. Making loyal clients helps company to make more clients. Loyal clients often refer other clients to the brokers they are trading on. Making loyal clients cost the brokers much and losing them will double the loss.
Pros of Forex bonus:
Increase your equity so that you will have great control over your account while trading.
Can trade with high leverage.
Helps to increase your profit.
Bonuses like welcome bonus will give you opportunity experience in the real trading world.
Deposit bonuses allow traders to trade with the broker?s funds, and also can be used as the margin call.
Cons of Forex bonus:
Apart from the margin bonus all other bonuses can?t be used as margins. Once the equity goes below the deposited fund the bonus balance will be removed by the brokers.
Bonuses like welcome bonus have high requirements which generally are hard to meet.
Sometimes requirement of the bonuses are not made clear and you may lose all the equity on that case. Its important to read all terms and conditions before trading.
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