Online forex brokers can provide something more than just access to different financial markets and access. Often, such companies start different bonus programs to promote their services to a wider number of potential clients. Some offers are regular, they are a part of the broker’s policy, while other campaigns can be dedicated to special occasions.
As a beginning trader, you might be wondering how you can find the best forex bonus. In this guide, we will try to cover your interest in forex promotions. We’ll provide definitions of the basic concepts and also display some of the most alluring options from FBD, Instaforex, and the DotBig company.
The basic principles
In online trading on foreign exchange, a bonus is a unique offer provided by a brokerage service. Usually, the main objective of forex bonuses is to make clients engaged in trading with this specific company. Such promotion helps brokerage services to expand their audiences and motivate potential clients to register and make deposits. Additionally, when offering such programs, brokers increase trading activity and the flow of money through trading platforms.
A forex bonus is a reward that is given under certain circumstances. In most cases, these are the following grounds:
- Registration on a trading platform;
- Verification of data;
- First deposit:
- A deposit for a specific amount;
- Willingness to promote the company’s services as an affiliate.
- Big trading volume.
It’s important to specify that all bonuses are different. Companies create their own programs and they want clients to follow them if, of course, they want to be generously rewarded. Online brokers reserve the right to specify the following conditions of their special offers:
- The minimum required number of transactions before requesting a withdrawal;
- The minimum required deposit amount;
- The duration of the bonus offer;
- The amount rewarded to a client.
Types of forex bonuses
As already mentioned, brokers have the right to choose what bonus offers will be available to their clients. Usually, brokerage services try to promote the most lucrative conditions. They differ depending on the types of offers. Basically, we distinguish the three most popular categories of special offerings:
- No deposit bonuses. These are programs that reward you with bonus money without requiring you to make any deposit on your trading account. Basically, you get some real cash for free. No deposit bonuses are often provided as rewards for being a part of the broker’s affiliate program and promoting its services.
- Forex deposit bonuses. This type of reward requires you to fund your trading account with a certain amount of money. After this, the platform will provide bonus money that corresponds to a pre-specified percentage. For example, if a broker offers a 100% deposit bonus, this means that after depositing $100 you will receive $100 more.
- Welcome bonuses. These are promotions provided to newly registered users. Usually, welcome bonuses are first-deposit bonuses. These are very rare occasions when brokers offer welcome no-deposit bonuses.
How to claim forex bonuses
Every online broker can have its own requirements that must be satisfied when claiming a bonus. The welcome bonus is the most frequent type of forex promotion. That’s why let’s take a look at how such offerings are received in the example of the DotBig FTD (DotBig first-deposit bonus):
- Get to the official website of the broker.
- Click the “Get bonus” button.
- Get familiar with the withdrawal conditions.
- Register on the website and create a trading account with the broker.
- Verify your credential.
- Claim the bonus.
- Proceed to your email and confirm your claim.
- Enjoy your bonus!
As you can see, this process consists of several simple steps. But make sure that the bonus offer isn’t the only thing that attracts you to this broker. We suggest that as a beginning DotBig trader, you should also get familiar with its trading conditions and tools in order to be able to multiply your bonus amount quickly and efficiently!
Best forex bonuses comparison
DotBig bonuses for registrations aren’t the only lucrative promotions you will find in the world of online trading. Explore profitable promotions from other advanced online brokers:
|Type of bonus||First-deposit bonus||No-deposit bonus||No-deposit bonus|
|Key detail||1. Register on the website
2. Verify your account
3. Make the minimum deposit
4. Work off each $1 of your bonus amount to withdraw earnings
|1. Sign up for broker services.
2. Create a new account on the MT5 trading platform
|1. Open a new trading account.
2. Verify your account data.
3. Multiply your bonus by 3x and only then withdraw the profits.
Why choose the DotBig bonus?
DotBig isn’t just a provider of an attractive bonus with adequate withdrawal conditions. Foremost, it’s an advanced multi-asset forex broker where you can trade currency pairs, cryptocurrencies, stocks, shares, CFDs, commodities, and even make venture investments. The bonus of the DotBig forex broker comes with the following advantages:
- The additional capital of 10% is a good boost for beginning traders;
- You increase your potential profits;
- It’s not difficult to work off a 10% bonus, even if you are a new trader;
- You can test the broker’s conditions and trading tools using bonus money.
Besides, you should ignore the valuable opinions of other traders they share on such review platforms as Sitejabber for example.
Conclusion: is DotBig forex broker worth considering?
We suggest that the DotBig forex broker is the brokerage service you should keep an eye on. It offers cutting-edge instruments for trading and has very low spreads and no trading commissions on stocks. The broker’s 10% welcome bonus is just an additional instrument to engage you to explore other peculiarities of the original trading platform. We believe that this can be a worthy experience for a beginner.