Forex bonus: what it is and how to get it - TopForex.Trade

Forex bonus: what it is and how to get it

Bonus in Forex is a perfect way to study the market, test out trading strategies, and make profits. Learn about bonuses provided by Forex brokers reviewed on our website: deposit ones of up to $5000, no-deposit ones and referral programs and start reaping the benefits.

How to get a Forex bonus and benefit from it?

Alpari Formula FX Promotion for traders

A Forex bonus is a special program a broker may offer to attract new clients or reward already existing ones. There are many variations of such bonuses, but one thing is sure: you will benefit from using one.

No matter your skills or goals, the team of TopForex.Trade is here to inform you and help you choose the right broker with the perfect bonus to suit you. All brokers listed on our website have passed the scrutinous review of the team of market experts. In this article, we would like to help you distinguish between bonus programs brokers offer so that you can choose the best one for your needs.

 

General information about Forex bonuses

Traders of any skill level will find Forex bonuses rewarding. Newbie traders will benefit from trying their hand at trading in the real-life market with the opportunity to make profits, more room for mistakes, and less risk due to the lack of market experience.

Pros and experienced traders already know their way around Forex but might still be new to the specific broker or the broker’s software. Thus, it is better to learn to navigate new services with the broker’s funds, not your own. With bonus funds, it’s easy to diversify or start trading with a few brokers at once. Plus, a competent trader may occasionally like to try out new trading strategies, and bonus funds are perfect for that.

Unfortunately, some regulators take issue with companies providing special offers to clients. The rules are especially strict in the EU and Australia. For traders, this means that brokers regulated by CySEC (EU) and ASIC (Australia) do not offer any promotions or bonuses.

 

What Forex bonus types are there?

ExpertOption Deposit Bonus

There is no official list of Forex bonus types, but generally, many brokers offer similar (although not identical) bonuses. The most common types are no-deposit bonuses, deposit bonuses, and welcome bonuses.

Forex no-deposit bonus

As the name suggests, this type of bonus does not require any investments. You will receive a certain amount to your trading account or a bonus account as the so-called “trading credit”. This means you cannot withdraw the funds instantly, but they are available for trading and/or investing (if the broker offers social trading services). The profit you make with the bonus funds can be withdrawn.

Forex deposit bonus

This bonus requires you to make a deposit. Depending on the broker and bonus conditions, up to 100% can be added to the client’s initial deposit. This type of bonus can be highly beneficial for all traders, but especially experienced ones. For beginner traders, this is a great opportunity to try out different trading strategies with bonus money.

XM Group offers a two-tier bonus on your deposit (applies to deposits from just $5!), which is combined to instantly credit you with a considerable $5000 on top of your investment amount, giving you the ability to start trading with more capital.

98
Min. deposit
5$
Min. Spread
0.6
Bonus
Max. leverage
1:888
Used by
5000000+
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC
98
Min. deposit
5$
Max. leverage
1:888
Bonus
Used by
5000000+
Min. Spread
0.6
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
Bitcoin, Sofort, UnionPay, Neteller, Wire, Skrill
Regulated by
FCA
CySEC
IFSC
ASIC

 

HotForex offers an automatic welcome bonus of 50% of your first deposit and may reach $5000. The bonus is available even on Micro accounts, with a minimum deposit of $50. It is not the only bonus type the broker offers so be sure to explore all possible benefits.

96
Min. deposit
5$
Min. Spread
0.5
Bonus
Max. leverage
1:1000
Used by
2500000+
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
BitPay, VLoad, FasaPay, UnionPay, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
DFSA
FSCA of South Africa
SVGFSA
FSA Seychelles
96
Min. deposit
5$
Max. leverage
1:1000
Bonus
Used by
2500000+
Min. Spread
0.5
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
BitPay, VLoad, FasaPay, UnionPay, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
FCA
DFSA
FSCA of South Africa
SVGFSA
FSA Seychelles

 

Plus500 also offers welcome bonuses, though their availability and conditions depend on your location. There are a number of promo codes on the broker website, so when you are about to fund your account for the first time, you can enter one in the respective deposit field. Your deposit amount will be automatically increased, according to the promo code you used, up to 50%.

95
Min. deposit
100$
Min. Spread
Variable
Bonus
Max. leverage
1:30
Used by
430000+
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC
95
Min. deposit
100$
Max. leverage
1:30
Bonus
Used by
430000+
Min. Spread
Variable
Trading platforms
Own Platform
Web Platform
MetaTrader 4
MetaTrader 5
Deposit methods
Trustly, iDEAL, PayPal, Klarna, Credit/Debit Cards, Skrill
Regulated by
MAS
FCA
FSA Seychelles
CySEC
ASIC

 

Axiory lets traders claim the 50% bonus on any deposits you make into your Axiory live trading account. With each deposit, you’ll get 50% of the amount as trading credit. For example, if you deposit $100 you’ll get a $50 bonus. You can claim the bonus multiple times on one trading account until you’ve received the total sum of $5000 in trading credit. 

94
Min. deposit
10$
Min. Spread
0.2
Bonus
Max. leverage
1:777
Used by
6500000+
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
ThunderXPay, SticPay, VLoad, JCB, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
IFSC
94
Min. deposit
10$
Max. leverage
1:777
Bonus
Used by
6500000+
Min. Spread
0.2
Trading platforms
MetaTrader 5
MetaTrader 4
Web trader
Deposit methods
ThunderXPay, SticPay, VLoad, JCB, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
IFSC

 

ExpertOption gives its new traders 100% of their first deposit as a bonus as long as they top up their accounts within the first hour after registration. Starting from $1000, the bonus doesn’t double the deposit but adds $500 to it. There is also a deposit bonus for existing clients: by depositing the amount of $30, $50, or $100 – you will receive a 20% bonus. The bonus maximum is 50%, and is provided to anyone who tops up by $ 2500 or more.

93
Min. deposit
10$
Min. Spread
0.01
Bonus
Max. leverage
1:100
Used by
70000000+
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
VFSC
SVGFSA
93
Min. deposit
10$
Max. leverage
1:100
Bonus
Used by
70000000+
Min. Spread
0.01
Trading platforms
Own Platform
MetaTrader 4
MetaTrader 5
Web trader
Deposit methods
OrangePay, FasaPay, JCB, M-Pesa, UnionPay, Yandex Money, QIWI, Perfect Money, WebMoney, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
VFSC
SVGFSA

Here’s why it’s good: the more you deposit, the more additional funds you receive as the “trading credit”. So, if you are serious about making your way on Forex, it might be a good idea to deposit a larger amount and use the Deposit Bonus for maximum funds and, thus – maximum profits.

Forex welcome bonus

As the broker’s new client, you can usually get some sort of bonus. The Welcome Bonus type can both be Deposit and No-Deposit, but the main idea is that you should be a new client. It is a one-time bonus for clients who have just joined the broker, and the conditions may vary.

So be especially attentive when joining the broker and check if they offer a Welcome Bonus – never miss out on a good offer. Try out several brokers’ conditions by registering with a few listed on our website and getting a Welcome Bonus from each one.

 

Other special Forex brokers offers

XM Loyalty Program Levels

Brokers may have other kinds of bonus programs that you should look for when joining:

Forex brokers cashback/rebate

Type of program where some part of your traded funds (usually around 5-15%) is returned to you after you’ve put the funds into open orders.

With Plus500, within 12 days from your first deposit, you are automatically added to the Rebates Program – no additional effort is required from you. Rebates are accumulated every time you open a position. At the end of the week, once you collect your rebates, a bonus of the same amount is added to your account. The more you trade, the bigger your rebates! 

[object Object]

Forex brokers referral programs

How to participate in a Alpari refer a friend program

Brokers may pay you for bringing in a friend or two, but only if they registered and made a deposit.

AvaTrade offers a referral bonus for signing up friends with their brokerage. To receive the referral bonus, your friends will have to meet only 2 conditions:

  • A minimum first-time deposit of $500;
  • A minimum of 10 trades (no time limit on the trade positions);

When these conditions are met, AvaTrade will award you a referral fee of up to $250 for every friend you refer. The reward will automatically be disbursed to the balance of your account, and you can withdraw it using the various convenient payment methods AvaTrade has available.

97
Min. deposit
50$
Min. Spread
0.1
Bonus
Max. leverage
1:400
Used by
350000+
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC
97
Min. deposit
50$
Max. leverage
1:400
Bonus
Used by
350000+
Min. Spread
0.1
Trading platforms
Web Platform
ZuluTrade
MetaTrader 5
MetaTrader 4
Deposit methods
Bitcoin, Sofort, UnionPay, Credit/Debit Cards, Neteller, Wire, Skrill
Regulated by
ISA
ADGM
FFA of Japan
FSA of Japan
FSCA of South Africa
Central Bank of Ireland
CySEC
FSC of BVI
ASIC

XM Group‘s “Refer a Friend” program is structured so that, the more people you invite, the more you earn per successful referral.

  • Refer 1-15 friends — get $25 per friend.
  • Refer 16-30 friends — get $30 per friend.
  • Refer 31+ friends — get $35 per friend.

Forex brokers loyalty programs

If you are sure you’re going to stay the broker’s client for some time and trade a significant amount of funds, you could join their Loyalty program if they have one. Such programs often have various gifts or cash prizes for each milestone you reach.

Forex brokers seasonal promotions

Brokers hold special events for big holidays like the New Year, Christmas, Ramadan, and other religious and non-religious occasions. The time and the holiday always depend on the location of the broker and their audience. For such a big event, brokers are likely to create huge bonus programs like 300% deposit or $100 no-deposit bonuses. This is why it’s a good idea to join a new broker during the holiday season.

Forex Copy Bonus

When it comes to trading with some of the reputable international brokers, there is an amazing tool for you like Copy Trading. It is one of the easiest ways to take advantage of the expertise of other traders. Even those who do fully comprehend how the financial markets work can make money by simply automatically copying professionals. And if you’ve already mastered the art of trading, when you have a bonus! Quite literally.

You’ll get a Copy trading bonus for each profitable trade mirrored by other users. This auto-copy feature is a win for users with absolutely different skill levels. 

NAGA Markets‘s users can be auto-copied and earn a copy bonus. However, what you need to do first is to show remarkable results in your trading activities. The more successful you are, the higher you go up on traders’ ranking.

Another way for you to become more visible to the NAGA community is to interact with other traders to make more friends. It will give you more chances to showcase your trading strategy and skills, as well as to gain more followers and earn that copy bonus.

96
Min. deposit
250$
Min. Spread
0.7
Bonus
Max. leverage
1:1000
Used by
1000000+
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC
96
Min. deposit
250$
Max. leverage
1:1000
Bonus
Used by
1000000+
Min. Spread
0.7
Trading platforms
Web Platform
MetaTrader 5
MetaTrader 4
Deposit methods
Maestro, GiroPay, iDEAL, PayPal, Credit/Debit Cards, Skrill
Regulated by
FCA
CySEC

 

How to benefit from a Forex bonus?

How to benefit from forex broker bonuses

The bonus funds are there to help you grow as a trader and usually can be withdrawn once you’ve traded a certain number of lots or made a profit. Please, do not think that the Forex bonus is just free money for you to withdraw instantly. Bonus money is there to be traded and turned into profit and market experience.

Each broker that we recommend on our website is 100% legitimate and trustworthy, thus, all bonuses they offer are real and attainable. But different offers have different terms – please always read the terms and conditions for the bonus you are getting. The Forex bonus T&Cs are usually quite short and written to be understandable enough for an average person. Reading the terms will not only help you avoid a negative experience due to some misunderstanding; it will also help you make sure you can maximize your profit and withdraw the bonus funds in the end.

To help you choose among other brokers, our analysts research the bonus programs offered. You will see a green checkmark in the list of brokers – this means there’s a bonus waiting for you on the other end. Now that you know what each bonus type implies, you will have no issue navigating the special offers and choosing the perfect one for you – or trying out several bonuses at once!

It is vital to diversify your financial activity, meaning that you shouldn’t focus just on trading when social trading can be as beneficial. Get educated with market professionals and gain more with each step on the market.

 

The best Forex broker bonuses we recommend

We have compiled a list of the most advantageous bonuses from the brokers reviewed and approved by our top market experts.

XM Group bonus

XM Forex bonus

XM Group has a high level of trust among traders from all over the world and is licensed by four financial regulators, among them FCA, ASIC, CySEC, IFSC. XM pays special attention to the traders’ education and provides various training and informational materials such as video with market analysis, Forex news, calendar of economic events, etc.

The company offers 75 tradable instruments for your deals, each of them with tight spreads and the favorable trading conditions. New traders receive an automatic bonus equal to 100% of their deposit up to $5000 and also there are transparent referral programs and seasonal bonuses.

 

HotForex bonus

HotForex is a well-known trustable Forex broker that offers services to Africa, Asia, and the Middle East. Trading with the broker, users may anticipate a wide selection of tradable instruments, minimal trading fees, user-friendly trading platforms, educational content, and advanced trading tools.

HotForex also offers a powerful solution to trade CFDs and Forex allowing to benefit from price fluctuations of more than 12000 instruments with costs built into the tight spread. Being a fully regulated broker in various jurisdictions, HotForex maintains safe trading capabilities and delivers various solutions including Zero Spread trading, Islamic Accounts, Forex bonuses of 100% on your first deposit up to $5000 and cumulative cash rebates up to $8000.

 

Plus500 bonus

Plus500 is an innovative trading platform specializing in CFD trading, providing the instrument for currency pairs, indices, stocks, commodities and ETFs. It provides several helpful features to their clients, including technical analysis tools, a free demo trading platform without a time limit, live-streaming quotes in real time, and more. The support team is available 24 hours a day, 7 days a week.

Plus500 provides promo codes for welcome bonuses cash rebates for active traders. When you are about to fund account with Plus500, you can enter one of the promo codes found on the broker’s website into the corresponding deposit field. Your deposit amount will be automatically boosted by up to 50% depending on the promo code you entered.

[object Object]

 

ExpertOption bonus

ExpertOption is one of the largest Binary options brokers and is very popular among traders. The broker has its own developed app that is simple and convenient to use. ExpertOption, though being a relatively young, has over 70 million registered users and works with more than 20 payment systems. ExpertOption provides clients the opportunity to invest in rising and falling markets. With the broker, you can trade Binary options, Forex, Stocks, Commodities, and Cryptocurrencies.

ExpertOption platform has a bonus program for both new and existing clients, and it’s very easy to use. And the most important thing – bonuses are risk-free and will cost you nothing.

Let’s say you’ve just signed up with ExpertOption and decide to make a $100 deposit. As long as you do so within the first hour, your account will be credited with $200! The bonus, which starts at $1000, does not double the deposit, but instead adds $500 to it.

If you already have an account, you will earn a 20% bonus if you deposit $30, $50, or $100. If you deposit $100, for example, your account will be credited with $120, and so on. The maximum bonus for existing clients is 50%, and it is available to everyone who deposits $ 2500 or more.

 

NAGA Markets bonus

NAGA Markets is a reliable broker from Germany with a great range of trading instruments and a very competitive, but friendly social trading environment. By registering, you benefit from over 950 markets, including ETFs, Forex, commodities, Crypto, a wide range of professional tools, and educational materials for traders of any level.

Together with more than a million users, you can trade and invest, learn from them and automatically copy the best traders or become a trading pro yourself. As one, you’ll get a chance to earn extra income and a largely reduced commission. Or as a trading newbie, you can highly benefit from auto-copying the most successful traders in real-time: make money and learn at the same time.

NAGA provides a Copy bonus – you’ll get a Copy trading bonus for each profitable trade mirrored by other users.

 

AvaTrade Bonus

AvaTrade is an international broker that is that offers a broad variety of tradable instruments including forex, stocks, commodities, cryptocurrencies, and indices, with industry-standard spreads, on a wide selection of trading platforms for both manual and automated trading, across a variety of device types.

Also, it provides a Copy Trading feature – your chance to earn some passive income just by automatically following moves of more experienced traders. The combination of AvaTrade’s global reputation with the tech-advanced mechanisms gives traders the security in knowing that their trades are in the safe hands of some of the best traders.

With AvaTrade, it couldn’t be easier to make a referral. If you already have a real account, simply log in to your account, where you will find the ‘Refer a Friend’ section. Here you will find your personal link. Share it with your friends, and your reward will be automatically tracked and then transferred to you.