BEGINNERS NEED THE SUITABLE FOREX BROKERS

What to care about get forex bonuses now from best bonus brokers? When talk about bonuses some traders are still confusing about this concept and do not know what to have from bonus. Here I summarized some elements of this aspect such as bonus types, withdrawal of bonuses, downsides of bonuses and ways to hack more bonuses.... That is right we can totally gain more bonus amount from some tricks and even the fees for trading are even reduced by bonuses.

Should traders put bonuses over other standards of brokers?

 Like I just said, bonuses can help to decline trading cost, but actually there are more than just than to consider when trading such as their regulation, trading platform, service....So it is not wise to put bonus above. But how to get good bonus from most reliable brokers too. Start with the TOP FIVE RELIABLE BROKERS to see what the trustful brokers are now. When you know where to trust then see which of them the best forex bonus giver is? With that way you can both make sure that your trading is safe with reputable brokers and still have good deal of bonuses.

Types of bonuses

There are 3 basic types of bonuses: welcome, deposit and Lot Back

The first one is the bonus that brokers want to give for traders like an award for their first time trading or first time opening an account. Brokers use this method to attract more clients. And traders can take advantages of this type to test their planning and also test the brokers to see if they are worth continuing trading. But this is also a way for cheater leak in and hack more bonuses.

The second one- deposit, to have traders keep their business with the brokers, they usually try to hold traders’ deposit there by giving traders the bonuses based on their amount of deposit. It is counted on how much your deposit is, and from this counting they can offer you 20%, 50% or 100% in the total of the deposit.

The last one is the most favorite for most of the traders; it is because Lot Back bonuses reduce a majority of fee charged when traders transact a lot of the money. This bonus from is calculated on the number of lots with the certain kind of currency. For EUR/USD pair, some brokers can offer the Lot Back of 3$ over 14$ for the spread and that means their trading lot is reduced by 0.3 pip for the bonus.

Forex bonuses have their tough problems to deal with

Lot Back bonuses are the most popular ones but it depends too much on the numbers of lots traders trade because it is hard to gain benefit from the very few number of the lot. The amount of bonuses means nothing if traders work on a small project.

And for welcome bonuses, best forex brokers offer this kind of bonuses usually want something back for their own sake; moreover, the amount of 50$ for each account is not too much that traders have to risk their investment to probably unreliable brokers.

Also, deposit bonuses have their own drawbacks, which is the profit from bonus can be tricked and clients can not touch it with some reasons given by brokers.

In general, all three bonuses above have a common downside is that the withdrawal of bonuses is impossible or difficult to do the process.

How to get the bonuses?

There are two ways to gets the bonus with some requirements going along.

One way is related to the lots traded and finished, which means you have to finish the asked lot before you can get the bonuses even when you have been awarded one lot you still have to wait until ten lots completed. Some brokers will automatically transfer your current bonus into trading too. Another way is about trading profit. When you trade and win and have bonuses then they will let draw the profit only not the bonuses. These are two ways to gets the bonus that you need to know to deal with the withdrawal issue. These may cause some overpay when they require too many lots that you have to pay more money when it is unnecessary.

Top forex bonus brokers are both reliable and offer good bonuses

Like I have argued, to trade safely and avoid a lot of problems can occur; traders should find out top five largest brokers with good bonus. Below is the summarized list for your quick review:

1. Exness offers the best Lot Back bonus with 2-16$ for each lot (CLICK FOR DETAIL)

2. EX offers 100% for deposit bonus and 30$ for welcome bonus

3. FBS offers 50$ for welcome bonus.

Make uses of the bonus systems

From these main kinds of bonuses, some cheaters try to make more bonuses from brokers, especially the welcome bonuses. From high leverage brokers, cheaters open many accounts then with high leverage they can develop even bigger deposit and win bonuses over this. In order to meet the requirement to withdraw they will hedge 2 accounts together with one account having 50% of gaining profit. The same way with that, cheaters also can open as many accounts as they can then hedge two accounts too and with the total bonus, but this trick is for the non-condition withdrawal.

Read more : BEGINNERS NEED THE SUITABLE FOREX BROKERS