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All the profit from trading and your funds may be withdrawn. The bonus sum may not be withdrawn, it can only be charged off in the case of a Stop Out or in case you reject the bonus. You can find out more detail about Welcome Bonus and receive it on the RoboForex website.
A classic bonus is additional money deposited on your account in a certain ratio with your existing deposit. The Classic Bonus may not be included in a drawdown: if your equity is less than the sum of your active bonuses, the Classic Bonus will be withdrawn from your account. The main advantage of Classic Bonus is that you may manage it at will including withdrawing it if there is a certain money turnover on your account.
Until you reach it, the bonus and the sum that it was deposited on may not be withdrawn. The necessary turnover is calculated as:. You can find out more detail about Classic Bonus and receive it on the RoboForex website. Profit Share is additional money deposited on your account. Unlike Classic Bonus, this one may be part of a drawdown. After the bonus is deposited, the money on your account is divided into shares: your own and bonus money.
The Profit Share will be withdrawn from your account in the case of a Stop Out or if you reject the sum. Like Classic Bonus, Profit Share may be withdrawn from your trading account after there is the necessary trading turnover. The calculation formula is the same as for Classic Bonus:. You can find out more detail about Profit Share and receive it on the RoboForex website. Bonuses are deposited on your trading account, hence, your first step is to open an account on RoboForex. The bonus will be deposited together with your money.
After all conditions are fulfilled, you will receive a special code on your email. It must be activated in your Personal Members Area, after which, in a 5 day time, 30 USD or cent will be deposited on your account. Each client may get a Welcome Bonus only once. Bonuses should be chosen based on your necessities. For example, Welcome Bonus will suit beginners who want to try playing on Forex but have limited funds or are not quite sure of their trading system.
Profit Share is good for experienced and active traders, especially those who have a highly risky trading style, leading to large drawdowns from time to time. Because it participates in drawdowns, the bonus makes the deposit more survivable and allows receiving an additional profit. Classic Bonus will suit traders who make a lot of trades. Thanks to a large money turnover, they can work off the bonus money and manage it at will.
Also, Classic Bonus will be useful if you decide to trade an instrument with large margin security — the bonus money will help you meet the requirement. Of course, you can make a profit using bonuses. Welcome Bonus will let you start trading virtually without investing your own money. The deposit bonuses Classic Bonus and Profit Share will extend your trading opportunities and bring you extra profit if you work them off gradually by increasing your trading turnover.
However, note that the biggest part of your profit is made not thanks to bonuses but your reliable trading system. A bonus is just extra opportunities, the main thing is your ability to trade and discipline. I advise you against trying too hard to work off your bonuses as this may entail breaking the rules of trading and subsequent losses. Has traded in financial markets since The knowledge and experience he has acquired constitute his own approach to analyzing assets, which he is happy to share with the listeners of RoboForex webinars.
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We never spam! Check our Security Policy to know more. Regarding the former, this is where your first deposit will be matched by a certain percentage, up to a certain amount. Once you proceed to make the deposit, the broker will then credit your account with the respective bonus amount. When it comes to a no deposit bonus, this operates just as the name suggests — you will get the bonus without needing to make a deposit.
As we will cover in more detail further down, forex bonuses will always come with a range of terms of conditions that you need to be made aware of before signing up. Crucially, you will be required to trade a certain amount before you can withdraw the bonus funds out for real-world cash. A deposit bonus is the most popular bonus type offered by online forex brokers.
As we briefly noted earlier, the broker will match your deposit by a certain percentage — and the bonus will have a maximum amount attached to it. As soon as the bonus is credited — which is usually instant, you can begin trading straight away. As the name suggests, a no deposit bonus awards you a bonus without requiring you to make a deposit. These bonuses are highly sought after — not least because the trader can obtain the bonus without risking any funds.
With that said, no deposit bonuses are typically much smaller in comparison to a matched bonus. Although the above examples illustrate just how lucrative forex bonuses can be, it is not simply a case of getting the bonus funds and then cashing out. On the contrary, you need to be made aware of a number of terms and conditions that brokers typically install.
The biggest thing standing in the way of you being able to withdraw your forex bonus is that of the trade minimum. On the contrary, the platform wants you to use the bonus funds to trade. As such, your bonus funds are effectively frozen until you meet certain conditions. In the vast majority of cases, you will have parts of your bonus balance released as withdrawable cash when you meet a specified trade size. With that said, you would stand a much better chance of meeting your bonus targets if you:.
If the above terms were not difficult enough, you also need to factor in the time limits that forex bonuses typically come with. This is yet another tactic employed by platforms to make the bonus cashout process even more challenging. In most cases, brokers will give you 30 days to use the bonus funds before they are revoked. This means that any bonus funds left in your account after the expiry date will be removed.
If the forex bonus comes with a time limit of fewer than 30 days, you should probably avoid it. In some cases, the forex bonus might stipulate restrictions on certain currency pairs. While majors and minors are normally fine to use your bonus funds on, exotic pairs might not be covered.
As such, make sure you check the terms and conditions to ensure your preferred forex pair is permitted. Some forex brokers will only offer bonuses to certain nationalities. This is why you should always use the domain that matches your country of residence — as brokers typically have multiple websites for different regions. Most forex bonuses will come with a minimum deposit amount. Promotions usually only state the maximum bonus amount permitted, so you will need to dig through the terms and conditions to find it.
So now that you are armed with the required knowledge to maximize your bonus hunting endeavours, we are now going to list our top 10 forex bonuses of Whether you are an existing Moneta Markets account holder or a new client, make a deposit then opt-in using the form below to claim your bonus today! With dozens of currency pairs split across the majors, minors, and exotics - its trading arena is highly extenssive.
The bonus is for new customers only, and there is no time limit to worry about. If you have got family or friends who have interest in doing a bit online forex trading, why not consider utilizing the Interactive Brokers referral program? In order to prevent bonus abuse, you will need to verify your account before the funds are credited. All of you need to do to get the bonus is open an account and verify your identity.
You will need to trade a minimum of 5 standard lots to be able to withdraw the bonus, plus any applicable profits. If you have read our guide all of the way through, you should now have a firm understanding of what a forex bonus is and how they work. You will also know that brokers typically offer either a matched deposit bonus or a no deposit bonus. Crucially, this centers on the amount that you will be required to trade before a withdrawal can be made.
In most cases, turning a forex bonus into withdrawable cash is going to be extremely difficult. When you start multiplying these figures by a three-figure bonus, you are very quickly in the million-pound terrorism. Ultimately, it might not make sense to claim a forex bonus with the view of making money. Instead, you can use bonuses to practice and improve your trading skills in a real-world environment. As the name suggests, a no deposit forex bonus allows you to claim a bonus without depositing any funds.
Instead, you merely need to open an account and verify your identity to get the bonus. Unlike a no deposit bonus, a matched deposit bonus will require you to make a deposit. The bonus amount will be based on a percentage of the amount you deposit.