Forex bonus and promotions are one of the most important factors that affect forex traders’ decision for choosing a forex broker. Forex brokers offer variety of bonus and promotions with purpose of marketing strategy to attract new clients and as a reward to keep current clients loyal to the company. To name a few, bonus programs usually come in the form of welcome bonus and deposit bonus.
Bonuses and promotions are one of the criteria I take into account when reviewing forex companies. However, it is not very smart to open an account and trade with a forex company just because the company offers generous bonus and promotion programs. Other factors such as strong regulation, different withdrawal and depositing methods, convenient trading conditions including platform and assets must come in hand with bonus and promotions.
Purpose of Forex Bonus and Promotions
Bonuses that are credited into your account as welcome bonus or deposit bonus cannot be withdrawn. Rather, you should consider the bonus as a tool that gives you extra leverage.
For example, say that you opened a trading account and invested in $1000 with a forex broker that offers 20% welcome bonus. The leverage is 100:1. Without bonus, you would be able to trade as large as 100x$1000 = 1.000.000. On the other hand, with bonus you can now trade as large as 100x$1200 = 1.200.000.
Forex Brokers with Best Bonus and Promotions
XM Forex Bonus and Promotions
I believe that XM is among the most professional and respected brokers in the industry. Fast execution, generous bonuses, regulated by very respected watchdogs, transparent, reliable, great daily analysis material, extensive educational content, nano account option and customer support in more than twenty languages. Add around ten years of investment services experience to those features and XM becomes a real gem in an industry where a new scam company appears every day.
- $30 Trading Bonus. This is a non-withdrawable bonus only available to new clients. The best thing is that you dont have to deposit money into your account in order to be able to become eligble for this bonus and All profits that you earned can be withdrawn.
- 55% Deposit Bonus – Your account is instantly credited 55% of the amount you deposited. This bonus works for the amounts up to $500 or equivalent.
- 20% Deposit Bonus – Your account is instantly credited 20% of the amount you deposited. This bonus works for the amounts up to $4500 or equivalent.
- Zero Fees on Deposits & Withdrawals – XM covers all the commission and fees for your deposits and withdrawals. All e-wallets – 100% covered; all major credit cards – 100% covered; wire transfers above 200 USD covered.
InstaForex Bonus and Promotions
InstaForex is founded in 2007, headquartered in Russia and regulated by CySEC in Cyprus and FSC in British Virgin Islands. My experience with InstaForex dates back to 2011. I came across with this broker upon my research for a new broker after the firm I used to trade with lost their FCA license and my loyalty still continues. I still have an active trading account with InstaForex where I trade occasionally.
- LFC Partnership Bonus 100% – You get 100% bonus on your first deposit. This is bonus cant be used concurrently with other types of bonuses. 100% bonus is credited to your account instantly after you complete the application.
- Welcome Bonus 55% – This bonus works each time you make deposit into your account. 55% bonus is credited to your account instantly after you complete the application.
- Welcome Bonus 30% – 30% bonus is credited to your account instantly after you complete the application.
- InstaForex Club Bonus – Additional bonuses for members of InstaForex Club. This type of bonus can be used with other types of bonuses.
HotForex Bonus and Promotions
Established in 2010 and headquartered in Cyprus, HotForex is an award winning forex broker that offers a wide range of account types and trading instruments. The broker is pursuing a policy of providing the most convenient and advantageous trading conditions for the traders. They don’t discriminate between traders which means that scalpers, swing traders, day traders and expert advisors are all welcomed.
- 30% bonus is called rescue bonus and traders will receive it on every deposit over $50.
- 100% Credit Bonus Program which is intended to increase the trading volume. Traders must trade 1 lot per $2 bonus received to complete the terms.
- 100% SuperCharged Bonus which offers 100% bonus on each deposit over 250 USD to the bonus account together with the rebates in value of 0.2 pip value for Forex and 2 USD per Gold.
FXTM Forex Bonus and Promotions
Established in 2011, FXTM is an award-winning forex broker that offers a reliable and secure trading platform. The platform covers more than 300 instruments including forex pairs, stock indices, company shares, commodities and cryptocurrencies. FXTM is one of the most prominent forex brokers in the industry that frequently appears in media and is proud sponsor of a Formula One racing team.
- FXTM offers a Switch to FXTM USD30 bonus program. For this bonus program, you need to click and accept the bonus terms and conditions through MYFXTM portal and then make a minimum deposit of $150. If you trade 1 standard lot within 30 days, you can withdraw the bonus USD30
- The 30% Bonus Promotion is offered for any amount of the first deposit made and to a minimum of $500 USD for each of any further deposits.
FBS Forex Bonus and Promotions
FBS was founded in 2009 and regulated by both CySEC in Cyprus and IFSC in Belize. The company offers generous bonuses, useful educational material for novice traders, daily market analysis in various languages and presence in many countries. In terms of account types, FBS provides a wide range of selection for professional and beginner traders. There are six options; cent account, micro account, standard account, zero spread account, unlimited account and ECN account where spread could go below zero at the expense of $6 per lot. The 3000:1 leverage offered by FBS is the highest you could get among regulated forex brokers.
- $50 Welcome Bonus – FBS offers $30 welcome bonus with the leverage of 1:500. You don’t have to make deposit to be eligible for this bonus.
- $123 Welcome Bonus – This bonus is offerred to every trader. No contact details or verification reguired. Valid for 7 days.
- 100% Deposit Bonus – Fund your account and get a 100% deposit bonus. You have to send a request to your account manager to get this bonus credited to your account.
- FBS also launches trading contests periodically and offers rewards (such as smartphones and automobiles) to the traders conditional on the amount deposited and lots traded.
AAFX Trading Forex Bonus and Promotions
AAFX Trading is one of the few forex brokers that accepts clients from the USA. After 2008 Great Financial Crisis, US regulators (such as SEC, CFTC) tightened the regulations for finance and investment firms. The company is founded in 2013, so passes one of my criteria of being a reliable forex broker. Negative balance protection feature should be noted as well. Not too many forex firms provide this feature. Those of you who have been trading since 2015 (SNB’s abrupt EURCHF 1.20 removal) would know the worth of Negative Balance Protection. Spreads are tight and they offer a lot of options in terms of deposit / withdrawing funds.
- 35% Welcome Bonus – The new traders who deposit a minimum of amount of 500 EUR/USD get the 35% tradable bonus.
- 30% Redeposit Bonus – Existing clients will be able to enjoy this special 30% bonus on top the amount they deposited.
- AAFX rewards either existing or new clients the opportunity to get a free smartphone conditional on the amount deposited and lots traded.
AvaTrade Forex Bonus and Promotions
You would like to trade forex and you like to have the opportunity to hedge your spot trades with put/call options as well. On the top of that, you are planning to invest in stocks like Apple, Amazon, Microsoft, etc. Cryptocurrencies such as Bitcoin have been getting more and more popular recently and you like to try those too. AvaTrade is probably one of the best forex brokers all around the world when it comes to the range of instruments offered. In addition, they are regulated by reliable institutions such Central Bank of Ireland and ASIC.
- AvaTrade assist you to fulfill all your trading goals with a dedicated account manager at your side and up to 25% welcome bonus.
easyMarkets Forex Bonus and Promotions
Spreads are high but I like their vanilla options feature. When you are on a swing or medium term trade, I strongly recommend you to use different option strategies for hedging and lowering the risk in the case that you are on the wrong side of the market. They are headquartered in Cyprus but they have ASiC license as well. I also like their negative balance protection feature which means you will never owe more than you deposited. People started to appreciate this feature a lot after EURCHF crash following the sudden removal of 1.20 peg by Swiss National Bank SNB. easyMarkets also offer different bonuses depending on the account type and where you reside.
- easyMarkets offers First Deposit Bonus to all traders who make a first deposit USD 100 or above. The bonus amount is percentage based and linked to the client’s first deposit. First deposits between $100 – $199 receive 30%, $200 – $1000 receive 50%, $1001 – $5000 receive 40%. To claim the bonus, the client shall contact their relationship manager and quote ‘First Deposit’ bonus.
Alpari Forex Bonus and Promotions
Alpari was founded in 1998 and is one of the oldest online forex brokers. They are now headquartered in Saint Vincent and the Grenadines and regulated by Belize IFSC. Well, odd enough. They still don’t offer negative balance protection but on the other hand fixed spreads account option is there and investors are able to trade with 1:1000 leverage.
- 120% Deposit Bonus – New and existing clients get their account boosted by 120% of the amount they deposited.