Many beginning traders cannot or just do not want to risk their own money while making their first steps in the Forex environment. Modern broking companies and dealing centers are aware of this fact. That is why almost all of them offer various promos and bonus programs to help beginning traders start trading without risking a penny.
Forex Bonuses
According to Eugene Olkhovsky, Masterforex-V Academy’s leading experts in financial markets from Canada, Forex bonuses is a win-win situation for brokers and their clients.
On the one hand, brokers attract more clients. They are aware that some of them will eventually become professionals and will be generating decent profits from themselves and the company.
On the other hand, beginners get an opportunity to make their first steps in the environment without the risk of being eliminated by the market when making wrong trading decisions.
Types of Bonuses
These days, Forex brokers offer a great variety of bonus programs.
· Some of them offer say, +50% or even +100% for new depositors.
· Others offer spread-back or spread refund (some kind of cash-back).
· Some brokers offer even no-deposit bonuses to get beginners up and running.
· There are some other options to earn the initial deposit like posting form money on forums and participating in tourneys with real cash prizes.
Best Bonus Offers
In order to help you get up and running and avoid analyzing tons of information, Masterforex-V Academy introduced the rating of Best Forex Bonuses within the scope of its project called Masterforex-V Expo. The rating is based on over 20 qualitative and transparent criteria, which means there is no chance of manipulating the results. The list of criteria includes the results of open voting.
The preliminary results look as follows:
NordFX comes first due to a number of bonuses - $8 no-deposit bonus, +25% on first deposits along with beneficial trading conditions and 30% spread refund.
Roboforex is currently the runner-up. It offers a summertime bonus for all cTrader clients along with +45% for Alpha Bank depositors and +25% for first deposits. Another bonus is the Rebates program offering spread refund.
Forex Trend comes 3rd. It also has a lot of beneficial bonuses to offer.
The list of other brokers offering bonuses includes:
- Forex.com,
- FiboGroup
- HY Markets,
- TusarFX
- ForexClub
The outsiders are:
- al trade,
- Bloombex,
- Instaforex,
- VertiFX,
- ForexControl.
Summing up, If you are a beginning trader and want to trade on a live account without risking money, bonuses are a perfect option to get you up and running!
