Reliable Forex Brokers 2024: Which Bonus Type Suits You Best

2025-12-24 16:01:12

Is Forex Bonus Really Free Money?

Many traders believe that the free bonus from brokers is cash that can be withdrawn immediately, but in reality, that’s not the case. The offered bonus is a trading credit – a fund in the account used solely for trading purposes, not actual cash that can be withdrawn.

Why do brokers give out bonuses? Simply put, it’s to attract new customers. The more clients trade, the more revenue the broker earns. Bonuses are their investment to secure long-term clients.

Who is Forex Bonus Suitable For?

Beginners: Want to try real trading but still hesitant
People with limited capital: Want to increase (Leverage) to grow their portfolio faster
Experienced traders: Use credits to test new trading systems or manage risk

Types of Bonuses: Understand Them Thoroughly

1. No-Deposit Bonus(

What seems almost too good to be true – get money immediately after registration and identity verification. No need to deposit your own money at all.

Suitable for: Beginners who are afraid to risk their own funds first
Example: Some Forex classrooms give $30-)directly
Caution: Do not register twice from the same IP or you will be banned immediately

$50 2. Deposit Bonus###

More common here – brokers add extra funds based on the percentage of your deposit, from 10% up to 200%.

Example: Deposit (bonus 100% = total trading funds of $1,000
Suitable for: Those who decide to deposit and want to increase their capital
Caution: Bonus cannot be withdrawn, but profits can be

) 3. Welcome Bonus Program$500

This is clever – divide the bonus into portions, allowing you to receive it step by step. For example, complete tasks: Register → Verify → Deposit → First trade.

These are not just bonuses but also a way to familiarize yourself with the platform.

Four Conditions to Read Carefully

Trading Volume (Lot Turnover)

This is the “key” to unlocking the bonus – the broker wants you to trade up to a specified lot amount.

Example: Bonus ###but must trade 1 lot EUR/USD (spread ~$10) = you need to pay the spread to unlock, leaving only genuine profit $30 .

( Profit Cap )Profit Caps$10

Some brokers say: The maximum profit you can withdraw is $50-$20 only. Any profit beyond that will disappear.

No Withdrawal of Capital

This is a strict rule for almost all brokers – if you withdraw your own funds, all bonuses will be lost immediately. If you have open positions, you will be Stop Out.

( Limited Time

Bonuses are not forever – they usually have an expiration date. If you don’t trade enough within the time or fail to unlock conditions, the bonus will expire.

Trustworthy Broker Comparison: Who Offers What?

Broker	Max Bonus	Main Conditions	Highlights	Cautions
Mitrade	)	Complete tasks in order	Trading education system, easy to use	Tasks take time
XM	$100	Trade 0.1 lot + 5 orders	No expiration date	No duplicate registration
Tickmill	###	Deposit required to withdraw profit	Low spreads, allows EA	Difficult withdrawal process
RoboForex	###	No lot turnover	Profits can be withdrawn immediately	Minimum deposit required
FBS	100%	Profits withdrawable, bonus not withdrawable	Higher Leverage	If Equity < bonus, bonus is cut immediately
FxPro	$100 $30 Cashback$30	Friends must deposit $100 trade 3 lots	Real cash, not credit	Need friends to refer
HFM	100%	Complete trading volume	Possibly withdraw bonus funds	High lot requirements
IUX Markets	$3,300	Profits withdrawable, bonus not withdrawable	Bonus helps withstand market swings	Credits only for trading
GMI Markets	$5,000	Profits withdrawable, bonus can be dragged	Stable, fast deposits/withdrawals	Some bonuses have expiration dates
JustMarkets	$40,000	Bonus disappears after withdrawal	High % bonus, large limit	Strict conditions for withdrawals

Four Common Mistakes Traders Make

$30 1. Calculate Spread Carefully

Don’t forcefully reach the lot requirement. Remember: Bonus – Spread = Actual profit or loss.

$50 2. Withdraw Profits Quickly After Reaching Goals

Many brokers limit withdrawals to $50-( if profits exceed that, the excess disappears. Withdraw immediately according to the conditions.

) 3. Do Not Withdraw Capital

Forget selfishness: if you withdraw your own funds, all bonuses are lost. Even one withdrawal can lead to losing all positions and a Stop Out.

$100 4. Beware of Re-registering

Using the same IP, family members, or public Wi-Fi where someone has already registered → all accounts will be banned. No looping allowed.

Make Smart Decisions: Which Is Right for You?

For Beginners

Choose step-by-step task systems to help learn the platform. Once understood, scale up.

For Small Capital

Choose bonuses that help with Margin. Even if you can’t withdraw the bonus, it helps absorb market swings.

$100 For Experienced Traders Select clear conditions without traps. Know in advance how withdrawals work.

Summary: Bonuses ≠ Gambling

A good broker is not the one offering the most bonuses but the one with clear conditions. Set your goals before signing up, calculate commissions beforehand, and most importantly: Read all terms thoroughly.

Choosing a trustworthy broker with transparent information is better than floating bonuses that leave you wondering where your money went afterward.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.