Finding The Best Forex Promotions Online
Most of Forex brokers will offer special promotions to attract traders who are wanting to open a new account. These offers include the deposit bonus, no deposit bonus, courses, e-books, trading contests (both real and demo), rebates and more.
Let's go through some of the popular options and help you choose the one that benefits you the most.
Deposit Bonus
Some brokers offer the bonus when you make a deposit. It's to find brokers who offer more than 25% deposit bonus. Brokers like HotForex offer as high as 50% deposit bonus and had a limited special offer for 100% bonus before. These bonuses can be used to increase leverage. For example, if you deposit $500, you will receive $250 bonus if the broker offers 25% bonus. It increases your equity (now $750 instead of $500) so you can increase your trading volume so it means higher profits/losses. Most of these bonuses have requirements that need to be met before you can withdraw the bonus if the broker allows you to do so.
No Deposit Bonus
Pretty much same as the deposit bonus except you don't need to make a deposit first to receive the bonus. Generally, no deposit bonuses are around $25. Some popular ones are Plus500 and Markets.com.
Free Courses/e-Books
Most of Forex brokers offer free educational material to help new traders understand the Forex market and how to trade. Most common tools are online courses and e-books. We found one on one training, and videos are very effective way to learn Forex. It is important for new traders to understand how Forex market works, how to use various platforms, placing trades... etc. Popular brokers such as eToro, Markets.com all offer free resources to help you learn about trading Forex.
Trading Contests
Some brokers provide contests attract traders to compete with each other and reward the top traders. Some of the prizes offered from brokers are very attractive. These prizes include expensive cars, watches, holidays, cash... etc. Easy Forex had a one million dollar contest in July, and it attracted traders around the world to join. However, to win these prizes you will need to be the best of the best plus luck on your side. It's common to see traders grow their accounts by 500+% within few weeks.
There are more bonuses offered by brokers that we haven't covered here. We urge you to do research before you open a trading account. LatestForexPromotions.com offers the latest promotions from some of the most popular Forex brokers to help you get the best deal.
Let's go through some of the popular options and help you choose the one that benefits you the most.
Deposit Bonus
Some brokers offer the bonus when you make a deposit. It's to find brokers who offer more than 25% deposit bonus. Brokers like HotForex offer as high as 50% deposit bonus and had a limited special offer for 100% bonus before. These bonuses can be used to increase leverage. For example, if you deposit $500, you will receive $250 bonus if the broker offers 25% bonus. It increases your equity (now $750 instead of $500) so you can increase your trading volume so it means higher profits/losses. Most of these bonuses have requirements that need to be met before you can withdraw the bonus if the broker allows you to do so.
No Deposit Bonus
Pretty much same as the deposit bonus except you don't need to make a deposit first to receive the bonus. Generally, no deposit bonuses are around $25. Some popular ones are Plus500 and Markets.com.
Free Courses/e-Books
Most of Forex brokers offer free educational material to help new traders understand the Forex market and how to trade. Most common tools are online courses and e-books. We found one on one training, and videos are very effective way to learn Forex. It is important for new traders to understand how Forex market works, how to use various platforms, placing trades... etc. Popular brokers such as eToro, Markets.com all offer free resources to help you learn about trading Forex.
Trading Contests
Some brokers provide contests attract traders to compete with each other and reward the top traders. Some of the prizes offered from brokers are very attractive. These prizes include expensive cars, watches, holidays, cash... etc. Easy Forex had a one million dollar contest in July, and it attracted traders around the world to join. However, to win these prizes you will need to be the best of the best plus luck on your side. It's common to see traders grow their accounts by 500+% within few weeks.
There are more bonuses offered by brokers that we haven't covered here. We urge you to do research before you open a trading account. LatestForexPromotions.com offers the latest promotions from some of the most popular Forex brokers to help you get the best deal.
