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The following article was published in our article directory on May 12, 2014.
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Things to Know about Forex Bonuses

Article Category: Finances

Author Name: James Smith

The financial market now is in high competition. Forex trading is one of the many methods where competition, specifically among brokers, abounds since more and more people are seeing it as an effective way of making more money. Many forex brokers use forex bonuses to attract new clients to sign up with their trading platforms. These bonuses help the new traders increase the trading volume of their accounts. However, traders should meet some requirements to acquire these forex bonuses.

Traders should create a trading account first with their selected broker who offers the said bonus. Some brokers require a minimum deposit before crediting the bonus to the trader's account. For some brokers who do not require minimum deposits, bonuses will depend on the amount the traders are trading. Traders should look into these requirements before selecting their preferred forex broker.

These are the several types of forex bonuses to cater to a wide-range of forex broker with different financial capability:

Deposit bonus usually serves as a welcome bonus. This is applied when the new clients make their first deposit to their trading accounts. However, this bonus cannot be withdrawn right away. Often, the condition that applies to it is to have a certain number of trading activities in the account. For example, when the broker gives $300 as welcome bonus, then the trader should use this in trading for a couple of times before he can withdraw it, given that he did not lose in the trade.

On the other hand, no-deposit bonus does not need any amount of money to be deposited in the trader's account. All that the traders should do is sign up for the broker's platform. The traders can use the bonus granted by the broker to start trading. Again, to protect the broker from loss, just like the deposit bonus, it cannot be withdrawn. Only the profit from the bonus can be withdrawn. This forex bonus brings a lesser risk to the trader because there is no capital.

Trading bonus are forex bonuses that traders will receive from their brokers for being active traders, with the aim of keeping the traders stay. This is usually in fixed amount.

Demo contests are competitions that are arranged by online brokers. They will use demo accounts and paper trades. Traders will have to open a demo account. Like no-deposit bonus, the demo contest does not risk the trader's funds. Traders who want to be part of this competition will still use trading strategies even if they are just using a demo account. Demo accounts allow traders to trade in very large amounts because there is no risk involved. Winners of this contest will be given cash prizes, which the traders can use in live trading.

Live contest is different from the demo contest. In this contest, the brokers and traders use real money and real trading accounts. Traders here should be cautious and calculative in their strategies. Winners will be given valuable amount of cash.

Miscellaneous bonuses are forex bonuses that allow brokers to give free lessons to their traders to improve their skills in trading or anything of such. The bonus can be in cash or of the same value. Note that the bonus will depend on the value of the trading account, or how active the account is.

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

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