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The following article was published in our article directory on March 12, 2014.
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An Overview of Forex Bonuses

Article Category: Finances

Author Name: James Smith

Forex bonuses are increasingly being used by brokers to entice new clients to enroll with their services. The market has become more and more competitive as forex trading becomes one of the most popular ways to make profits in the financial markets and forex brokers fight for business. Thus, with these forex bonuses there is a great opportunity for new traders to start their trading activities on the right foot by getting free money and other incentives that they can use to boost their trading accounts.

Here is an summary of the different forex bonuses that are available:

Deposit bonus. These forex bonuses are given when the new client makes his initial deposit into his trading account. Generally, the bonus is in the form of a matching amount or percentage. For example, the broker might match by up to 30|the amount of your first deposit, up to $250. This means that you can avail of up to $250 of free money that you can use to trade in the currency markets.

However, these forex bonuses come with terms and conditions that need to be met before you can withdraw it. For example, you will have to trade the amount of the bonus a certain number of times or earn a particular number of points.

No deposit bonus. Unlike a deposit or welcome bonus, you do not need to deposit money into a trading account. In order to avail of these forex bonuses; all you have to do is sign up for an account with the broker. Of course, as an inducement for you to deposit money into your account, you are usually also offered a welcome bonus. However, you can use the no deposit bonus to start trading at once but you cannot withdraw it although you generally are permitted to withdraw any profits you make from it. As with deposit bonuses you will have to trade the amount of the bonus a certain number of times before it is available to withdraw.

Trading bonus. These forex bonuses are given to traders for making trades or keeping their accounts active with a broker. For example, you can earn bonus points that you can redeem to get prizes, or you can earn rebates on trades that you make. These bonuses are intended to encourage brokers to retain their accounts with the broker rather than shifting to another broker to avail of a new welcome bonus.

Demo contest. These are contests held by online forex brokers using demo accounts and paper trades. All you have to do to participate in these contests is to open a demo account with a broker. The winners are generally given cash prizes that they can use to make live trades in the markets.

Live contest. Traders who have live accounts can also join in the fun as there are contests that are also held for them where they can win prizes or even cash. And, of course, they can keep whatever profits they made during the contest.

Miscellaneous bonuses. The forex bonuses in this category include refer-a-friend bonuses and drawings that you can participate in when you deposit money into your account.

Keywords: forex bonuses, binary options bonuses, forex training, binary options training, forex affiliate programs, binary options affiliate programs

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