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 In general, bonuses are so attractive that everyone would like to claim. Especially, in forex market where traders have to pay for many kinds of cost, they are likely to prefer the brokers which offer high bonuses and low fees. This article suggests the list of the best forex bonuses in 2018 and also the features of forex bonus.

The writer also helps to understand more clearly through the following parts:

1. Kinds of forex bonuses

2. Disadvantages of forex bonuses.

3. The conditions for bonus withdrawal

4. High bonuses or low spread?

5. Top forex bonuses.

6. Tricks to claim forex bonuses.

In fact, some of the traders are not interested in forex bonuses as they are aware of its disadvantages. However, most of them would like to claim these bonuses, which can reduce the transaction cost and minimize the trading margins. Furthermore, there are some tricks to access the bonus program and withdraw the profit, which is explained in this article.

1. Kinds of forex bonuses

In common, forex bonuses are divided into 3 kinds: Welcome bonuses, Deposit bonuses, and Lot Back bonuses. There are also some differences among:

Welcome bonuses  (or non-deposit bonuses) are regularly offered to new registrations in order to attract more new traders or even the clients of competitors. It could be 30 – 50 dollars welcome bonus for the first-time registration. Beginners are the main targets of these bonuses and so are the bonus cheaters. While beginners could use these bonuses to experiment their strategies and check if a broker has good conditions, reasonable transaction cost and high profit, cheaters mostly strive to obtain the benefits by creating lots of accounts.

Deposit bonuses  are claimed when you deposit. They are counted as the percentage of the deposit amount (30%, 50% of total 1000 $ deposited). It is to encourage traders to deposit more or in case, reactive their accounts which are not used for a long time.

Lot back bonuses  are the amount of money which are rebated automatically when a transaction / lot is finished. Thus, these are for the loyalty program. The rebated amount is various, depending on the trading currencies, account types and trading time. It could be said that this is the most favorite program of professional traders as the transaction fees can be minimized a lot.

For example, XM's spread for EUR / USD is 1.4 pip, the rebated amount is $ 3 when a transaction is finished. Traders will reduce their cost by $ 3 and then, have to pay only $ 11 for each EUR / USD lot, instead of $ 14, the original spread.

2. Disadvantages of forex bonuses

Welcome bonuses: Even though it is for free, it still has many disadvantages.

-Bonuses are not enough for a big investment / transaction.

-Conditions for withdrawal are often difficult.

-Most of the brokers offering welcome bonuses are generally new brokers or even the unreliable brokers.

Deposit bonuses:

-Conditions for withdrawal are highly difficult.

-Sometimes, the forex bonuses will be lost when the profit is withdrawn.

Lot back bonuses:

-It requires a big amount of money invested as it is only rebated when a transaction is completed. However, it often takes a long time to obtain some profit from trading.

Xem thêm các sàn forex lớn nhất 2020.

3. The conditions for bonus withdrawal

It is said to be 2 main kinds of withdrawal conditions, which is explained clearly below:

-Bonuses are only able to be claimed if a certain number of trading lots are completed.

Example:

In order to withdraw $ 50, traders have to finish at least 10 lots. The bonuses are deposited instantly to account when traders first register and deposit in 1 lot. By completing 10 lots, traders could obtain that $ 50 bonus from the account.

-Some traders are not allowed to withdraw bonus, yet, they could still withdraw the profit.

It would be better if traders are able to claim the bonuses without any conditions, rather than have to complete many lots for the withdrawal as asked. It could be worse if the cost for those lots are much higher than the bonuses.

4. High bonuses or low spread ? 

In fact, it is not significant to choose the brokers who offers high bonuses but are not trusted or have high spread. The first standard for good brokers is the credibility, which indicates if they are reliable or not. However, it would be better if a reliable broker has the high bonuses. Therefore, here are the steps for choosing a reliable with high bonuses:

Step 1:  Choose the most reliable forex brokers  which are suitable for you. 

Step 2:  Choose the best forex broker which has good bonus program.

Step 3 : Have a good trading and claim the bonuses.

5. Top forex bonuses

Below is the top 4 best forex broker bonuses:

• Best welcome bonus: 30 $ welcome bonus of XM >>  CHECK DETAIL HERE 

• Best welcome bonus: 50$ welcome bonus of FBS >> CHECK DETAIL HERE

• Best deposit bonus: 100% deposit bonus of XM >> CHECK DETAIL HERE  

• Lot Back Bonuses: Rebate 2 - 16$ per lot of Exness >> CHECK DETAIL HERE

6. Tricks to claim forex bonuses

It is applied only to welcome bonuses, including 2 general methods:

1. First, create many accounts to claim the welcome bonuses. Next, hedge 2 accounts together, which means 1 account wins and the other is lost, then the winning chance is 50%. This method is to increase the winning chance to claim the bonuses. However, it can only be applied to brokers who have no conditions in bonuses withdrawal.

2. First, as above, open many accounts to claim the bonuses. Second, use the high leverage to open big positions. Make sure the winning chance is 50% by hedging those accounts with these positions. In this case, high leverage brokers  are preferred and used. 

In conclusion , forex bonuses are suitable for some of the traders in forex market. It should be safer and better to work with brokers who are not only trustworthy but also offer the high bonuses and low fees.

Read more:  WHICH ARE THE PERFECT FOREX BROKERS FOR BEGINNERS  ?