Forex brokers offer deposit bonuses to incentivize traders to open new accounts. These bonuses are typically classified as (i) cash or (ii) credit. Savvy traders focus solely on cash bonuses.
💼 Types of Forex Trading Bonuses
Forex brokers offer various bonuses to attract and retain traders. Key types include:
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Welcome Bonus / No Deposit Bonus
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Awarded upon new account registration and requires no initial deposit -Withdrawal restrictions usually apply (e.g., minimum trade volume).
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Deposit Bonus
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Matches a percentage of your deposit -Example: Deposit $500 → Receive $250 bonus.
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Bonus capital is non-withdrawable; profits may be withdrawn after meeting terms.
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Loyalty/Reload Bonus
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Rewards existing clients for additional deposits or sustained activity {Goal: Encourage long-term platform engagement}
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Referral Bonus
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Paid to traders who refer new users (often both parties benefit).
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Cashback/Rebate Bonus
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Refunds a portion of spreads/commissions per trade. -Incentivizes high-volume trading through micro-rebates.
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Table: Compare popular Online Forex Brokers and their Current Bonus Promotions