A Forex bonus is one of the popular tools in the financial markets that brokers offer to attract and retain clients. These bonuses are specifically added to your trading account to increase your purchasing power and provide more opportunities for traders.
What is a Forex Bonus?
A Forex bonus is an amount added to your account by the broker as a reward for attracting new clients or encouraging continued activity in the Forex market. These bonuses can be offered in different forms, but they all have the same main goal: to increase purchasing power and, as a result, increase trading volume.
Types of Forex Bonuses: A Comprehensive Overview
Forex bonuses are tools provided by brokers to attract and retain their clients. These bonuses can be offered in various forms, each with its own benefits and conditions. Below is a comprehensive explanation of the different types of Forex bonuses and their features.
1. Welcome Bonus
Definition:
The welcome bonus is offered to new traders who register for the first time with a broker. This type of bonus is usually automatically provided after opening an account and depositing an amount into your trading account.
Features:
- Typically offered as a percentage of your first deposit (e.g., 100% bonus for the first deposit).
- Helps to increase the account balance and get a better start in the market.
- Can be either cash or trading credit.
Example:
A broker may offer a 100% welcome bonus on your first deposit up to $500. This means that if you deposit $500, the broker will add another $500 to your account.
2. Deposit Bonus
Definition:
The deposit bonus is granted to traders who increase their account balance after registration or after depositing a certain amount. This type of bonus is offered as a percentage of the deposit made.
Features:
- Usually offered as a percentage of the deposit amount (e.g., 50% or 100%).
- Each time you make a new deposit, the bonus is added to your account as a percentage.
- There may be limits on the number of deposits that can qualify for the bonus.
Example:
If you deposit $1000 and the broker offers a 50% deposit bonus, you will receive a $500 bonus. This means you will have $1500 to trade.
3. No Deposit Bonus
Definition:
This type of bonus is offered to traders who receive the bonus without needing to deposit any funds. This bonus is usually offered as a trial incentive to attract new customers, allowing them to start trading in the Forex market without risk.
Features:
- No deposit required.
- Typically smaller amounts compared to deposit bonuses (usually between $10 to $100).
- This bonus cannot be easily withdrawn, and specific conditions must be met to use it.
Example:
A broker may offer you a $50 no deposit bonus so you can start trading without depositing any money. To withdraw this bonus, you typically need to complete a specific trading volume.
4. Loyalty Bonus
Definition:
A loyalty bonus is awarded to clients who have been active with a broker for a longer period and have been consistently depositing and withdrawing funds. This bonus is offered as a reward for customer loyalty.
Features:
- Offered as a reward for clients who regularly use the broker’s services.
- Usually given as cash bonuses or trading credits.
- May be given based on trading volume or the length of time the client has been active with the broker.
Example:
If you have been active with a broker for six months and have a high trading volume, the broker may offer you a loyalty bonus that is credited to your account as trading credit or cash.
5. Trading Bonus
Definition:
Trading bonuses are specifically designed to encourage traders to complete a certain number of trades within a specified time frame. This type of bonus is mainly used as an incentive for performing more trades in the Forex market.
Features:
- Requires completing a specific number of trades.
- May have time limitations for using the bonus.
- The bonus is added as a percentage of the trading volume or as a fixed amount.
Example:
A broker may offer a trading bonus where, to receive $200, you must complete at least 50 trades within a month.
6. Referral Bonus
Definition:
A referral bonus is given to those who refer friends or acquaintances to a broker. This type of bonus serves as a reward for bringing new clients to the broker.
Features:
- You receive a bonus for referring others to the broker.
- The bonus is typically given for each person who registers and deposits funds.
- The bonuses can be either cash or trading credits.
Example:
If you refer a person to the broker, and that person opens an account and makes their first deposit, you may receive a $50 referral bonus.
7. Free Bonus
Definition:
A free bonus, as the name suggests, is a bonus that is added to your account completely free of charge, without any deposit or special conditions. These types of bonuses are usually offered as part of special promotions or celebrations.
Features:
- No deposit or specific trading conditions required.
- Typically offered as a promotion or to attract new traders.
- These bonuses may have withdrawal restrictions.
Example:
A broker may offer a free $25 bonus during an anniversary celebration, which you can use for your trades.
Forex bonuses are various tools that can provide significant benefits for traders. Choosing the best type of bonus depends on your trading needs and conditions. Before accepting any bonus, it is important to carefully read the terms and conditions and be aware of the specific restrictions and requirements so you can make the most of these offers.
Reasons for Offering Bonuses by Brokers
Brokers in the Forex market use various methods to attract and retain their clients, and one of these methods is offering bonuses. These bonuses motivate clients to engage more on the broker’s trading platforms. In this section, we will discuss the various reasons brokers offer bonuses.
1. Attracting New Clients
One of the main reasons brokers offer bonuses is to attract new clients. In the competitive Forex world, brokers try to differentiate themselves from competitors, and they do this through special offers like welcome and no-deposit bonuses. Bonuses allow traders to enter the market with minimal risk and encourage them to open new trading accounts. Example:
A broker offering a welcome bonus or a no-deposit bonus can easily attract new clients who may not have been interested in starting to trade otherwise.
2. Encouraging Larger Deposits
Brokers offer deposit bonuses to encourage their clients to increase their account balances and, in turn, trade more in the Forex market. These bonuses are usually a percentage of the deposit amount and provide clients with an incentive to deposit more than they originally planned. Example:
A broker may offer a 50% bonus on an initial deposit. This makes clients more likely to deposit larger amounts.
3. Increasing Activity of Existing Clients
Brokers use bonuses to retain existing clients and encourage them to become more active. This can be done through trading bonuses, loyalty bonuses, or special bonuses for active clients. These bonuses motivate clients to trade more and with higher volumes. Example:
A broker offering loyalty bonuses or bonuses for completing a certain number of trades can encourage clients to trade more, thus increasing their activity.
4. Competing with Other Brokers
The competition between brokers in the Forex market is fierce. Each broker seeks to attract more clients and increase its market share. Offering attractive bonuses is one effective way to stand out in this competition. Brokers offering unique and special bonuses can outperform their competitors and attract new clients. Example:
If a broker offers no-deposit bonuses or 100% bonuses for first-time deposits, this can attract a large number of new clients from other brokers.
5. Increasing Client Loyalty
Brokers use loyalty bonuses to retain long-term clients. These bonuses are offered to clients who have been active on the platform for a longer time or have high trading volumes. The goal of these bonuses is to encourage clients to continue their activities and use the broker’s services for a longer period. Example:
A broker may offer special bonuses to its loyal clients to encourage them to continue trading and investing with the broker.
6. Advertising and Brand Awareness
Brokers can use special bonuses to promote their advertisements and make their brand more popular among Forex traders. These bonuses not only help attract new clients but also encourage existing clients to talk about the broker and its features on social media and forums. Example:
A broker might offer bonuses during special occasions (like holidays or celebrations), which attract significant attention and make the broker’s brand more visible online among traders.
7. Reducing Risk for New Clients
Brokers want new clients to enter the market with minimal risk. No-deposit bonuses or low-risk bonuses allow new clients to try the Forex market without risk and make better decisions as they gain more experience. Example:
A broker offering a no-deposit bonus allows clients to enter trades without depositing funds and, if successful, earn profits.
Brokers offer bonuses for various reasons, ranging from attracting new clients and increasing trading activity to competing with other brokers and advertising. These bonuses are highly useful tools for increasing engagement and improving relationships with clients. However, traders must carefully read the terms and conditions related to each bonus to avoid misunderstandings and potential issues.
What is Rebate or Cashback in Forex?
Rebate or cashback is another popular offer provided by brokers to their clients. This concept generally refers to the return of a portion of the trading costs to the client’s account. In other words, after completing trades with a broker, a portion of the costs paid for spread or commission is refunded to the trader’s account either as cash or credit.
How Does Rebate or Cashback Work in Forex?
In Forex, traders typically pay spread or commission fees for each trade. Rebate or cashback allows traders to receive a portion of these costs back. This amount is usually a percentage of the spread or commission paid, which is then credited to the trader’s account.
For example, if you make a trade and pay $10 in spread, the broker or rebate program may return 1 or 2 dollars of that amount to you. This reduces your trading costs and can lead to greater profitability over time.
Features of Rebate or Cashback in Forex
Reducing Trading Costs:
One of the biggest advantages of rebate or cashback is the reduction of trading costs. Instead of paying the full spread or commission, you receive part of it back, which can help you achieve greater profitability from your trades.
Refund to the Client’s Account:
Rebate is directly credited back to the client’s account. This means you can use this amount for further trading or even withdraw it.
Possibility of Combining with Other Bonuses:
In many cases, rebate can be combined with other offers like deposit bonuses or trading bonuses. This allows you to benefit from multiple advantages simultaneously.
Advantages
Reducing Trading Costs:
As mentioned, rebate allows you to get part of the spread or commission costs back, which has a direct positive impact on your profitability.
Increasing Profitability in the Long Term:
By receiving back a portion of your costs, you can execute a larger volume of trades and increase your profits. This is especially beneficial for active traders who execute a large number of trades.
Suitable for High-Volume Traders:
Traders who trade frequently and with high volumes benefit greatly from rebates. In such cases, the amount of money refunded can be significant over time.
Disadvantages
Dependence on the Broker:
You can only benefit from the rebate if you use a specific broker. Therefore, if you decide to change brokers, you may lose this advantage.
May Be Limited to Specific Accounts:
Some brokers offer rebates only for specific accounts (such as standard accounts or VIP accounts). Therefore, not all clients may be able to take advantage of this benefit.
Risks Related to Fees:
In some cases, the rebate amount returned may be less than your spread or commission costs, especially if your trading costs are very high. Additionally, some brokers may charge extra fees for their rebate programs.
Rebate or cashback is a useful way to reduce trading costs and increase profitability in the Forex market. This feature is especially suitable for active traders and those who trade with high volumes. However, traders should be aware of the terms and conditions of rebate programs to ensure that they are cost-effective and beneficial.
Brokers Offering Forex Bonuses: Introduction and Review
Forex bonuses are one of the popular methods for attracting new clients and retaining existing clients. Many Forex brokers offer various bonuses to encourage users to sign up, deposit funds, and trade more. These bonuses can include welcome bonuses, deposit bonuses, no deposit bonuses, loyalty bonuses, and more.
Below, we will introduce some of the brokers that offer various Forex bonuses and their features.
| Broker | Bonus Type | Minimum Deposit | Maximum Bonus | Conditions | Validity Period |
| Amarkets | No Deposit Bonus | $100 | $30 | No deposit required, $30 bonus after completing verification, for trading only | Until December 30, 2024 |
| LiteFinance | 100% Welcome Bonus | $200 | $10,000 | 100% on deposit, valid for trading accounts only, active for 30 days, extendable after 30 days | No expiration date |
| Errante | 40% New Year Bonus | $50 | $2,000 | Available for deposits over $50, up to $2,000 for the 2025 New Year promotion | January 3 – January 31, 2025 |
| Delta FX | 30% Crystal Winter Bonus | No deposit required | $2,000 | Available for the first deposit, up to $2,000, valid only for standard accounts and MT4 platform | Until January 31, 2025 |
| iPlant | 30% First Deposit Bonus | No deposit required | $2,000 | 30% bonus on first deposit, removed after the first withdrawal | No expiration date |
| CMS Prime | 100% Deposit Bonus | No deposit required | $2,000 | 100% on all deposits, valid for 90 days, withdrawable upon reaching specified profit levels | 90 days |
1.AMarkets Broker Bonus
50 USD Referral Bonus
AMarkets offers a 50 USD bonus to encourage users to refer their friends. The conditions for receiving this bonus are as follows:
How to Receive: Get your personal referral link from your user panel.
Referral Process: Your friends must complete verification and open a standard account.
Deposit Conditions: Minimum deposit of 100 USD and 1 lot trade.
Bonus Payment: After completing the steps, 50 USD will be directly credited to your account.
AMarkets Broker Bonus for Changing Brokers
If you switch your broker to AMarkets, you will receive a 20% bonus. The conditions for this bonus are as follows:
Conditions to Receive: You need to provide a report from your previous broker or the login credentials of your investment account.
Restrictions: This bonus is only available for clients trading in live accounts.
Eligible Brokers: This bonus applies to Standard and Fixed accounts on the MT4/MT5 platform.
Maximum Bonus: The maximum bonus for each client is 5,000 USD.
For more information, contact AMarkets support.
100% Bonus: Double Your Deposit
AMarkets offers a 100% bonus for new clients. This bonus is added to your deposit and doubles your deposit. The details of this bonus are as follows:
Maximum Bonus: Up to 10,000 USD
Deposit: This bonus is credited to your account as non-withdrawable credit.
Withdrawal Conditions: The bonus can only be withdrawn if your total profit reaches the specified level.
For activation, contact AMarkets support.
Cashback: Up to 17 USD per lot traded
AMarkets offers a special cashback program for its clients, where they can receive up to 17 USD per lot traded. The conditions for this program are as follows:
Minimum Deposit: 100 USD
Loyal Clients: Must reach the loyal customer level.
Trade Duration: The minimum trade duration must be 3 minutes.
Eligible Symbols: Only in currency pairs and metals
Specific Conditions: The minimum price change in a trade must be 10 pips.
The cashback program is only available for Fixed and Standard accounts on MetaTrader 4 and 5 (non-Islamic).
2.LiteFinance Broker Bonus
100% Welcome Bonus
Minimum Deposit: $200
Maximum Bonus: $10,000
Active Duration: No expiration date
Conditions:
- 100% applied to deposits.
- Only valid for trading accounts.
- This bonus is valid for 30 days.
- The bonus can be renewed after the 30-day period.
30% Tradable Bonus
Minimum Deposit: $100
Maximum Bonus: $3,000 (30% of the initial deposit)
Active Duration: 30 days
Withdrawal Conditions:
- The profit from the bonus is fully withdrawable.
- The bonus applies to all types of trading accounts.
- The bonus can be claimed again after the 30-day period.
For more details and to activate this bonus, contact LiteFinance Broker support.
3. Errante Broker Bonus
40% New Year Bonus
Errante offers a special 40% bonus for the New Year 2025. The conditions for this bonus are as follows:
Campaign Period: From January 3 to January 31, 2025
Minimum Deposit: 50 USD
Maximum Bonus: 2,000 USD
4. DeltaFX Broker Bonus
30% Crystal Winter Bonus
DeltaFX offers a 30% Crystal Winter bonus for new clients. The details are as follows:
Maximum Bonus: Up to 2,000 USD
Usage Conditions: Only for the first deposit, up to 2,000 USD, only for standard accounts and the MetaTrader 4 platform
Eligible For: Only for Forex trading
5. ePlanet Broker Bonus
20% First Deposit Bonus
ePlanet offers a 20% bonus for the first deposit. The details are as follows:
Maximum Bonus: Up to 2,000 USD
Withdrawable: The bonus is refundable and will be removed after the first withdrawal.
6. CMS Prime Broker Bonus
100% Deposit Bonus
CMS Prime offers a 100% deposit bonus on all deposits. The maximum bonus is 2,000 USD and is valid for 90 days.
Conditions: The bonus is only available to clients who meet the specified conditions.
Key Points:
- In most brokers, bonuses are withdrawable after completing the specified trading volume.
- Some brokers offer various bonuses for loyal clients or clients with higher trading volumes.
- The conditions and amounts of bonuses may change over time, so always review the broker’s terms and conditions carefully before taking action.