Best No Deposit Bonus Forex Brokers 2020
As global trading business becomes more and more appealing, more people choose to trade in the Forex market as their source of income. This also creates a competitive atmosphere for Forex brokers that want to gain more clients, which is why they offer many attractive Forex bonuses.
There are some Forex brokers who propose bonuses truly beneficial to your trades; however, some of these bonuses come with complicated terms and conditions.
Therefore, it is very important to thoroughly understand the forex bonus and the way it works before choosing your broker and accepting their forex bonus. At BestFXBonus, we provide you with up to date information about the best Forex bonuses as well as the list of available bonuses for new and experienced traders.
Forex bonus is an offer or promotion available for both new and existing customers on a Forex broker’s website.
The 20 Best Forex Bonuses for Traders in 2019
Forex brokers present these bonuses to new customers in order to increase their trading volumes with the hope of attracting more customers and keeping higher client retention.
There are different types of Forex bonuses for new and experienced traders, each with its own benefits and conditions.
That’s why you should find the best Forex bonuses that fit your trading needs.
There are various types of Forex Bonuses.
Each of them works differently and provides different benefits depending on your needs:
1. Forex No Deposit Bonus
This type of bonus may be considered the best Forex bonus for most traders, especially newcomers since it requires no deposit.
Traders can claim this bonus to start trading right after registering an account. In this way, they can engage in trading activities without any risks. Free Forex bonuses offered by brokers range from $5 - $100, you can find them all in Forex No Deposit Bonus section of the website.
2. Forex Welcome Bonus
A forex welcome bonus is a one-time promotion offered to traders after registering a real Forex account. This type of bonus is limited to new customers only, and the existing customers cannot apply for it.
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Forex Welcome Bonus can be received either as a Deposit Bonus or a No Deposit bonus. If you are new to the Forex market, you should consider this type of bonus.
3. Forex Deposit Bonus
Forex Deposit Bonus is a bonus that can be acquired after traders make a certain amount of deposit into their Forex accounts.
This type of bonus is usually available for all customers as long as they are registered on the website and make a deposit. Forex Deposit Bonus is usually calculated in percentage.
For instance, if the offer is a 20% deposit bonus and you make a $1000 deposit in your account, you will automatically get a $200 bonus. So, now you have $1200 in your account for your trading activities.
4. Forex Regular Customer Bonus
As the name suggests, Forex Regular Customer Bonus provides benefits and rewards for loyal clients of the Forex brokers.
This type of bonus can only be claimed when traders have stayed with the broker for a certain amount of time. Their experience and loyalty are the main reasons why this type of bonus is offered.
5. Forex Reload Bonus
Forex Reload Bonus is a custom bonus given to existing customers only.
I can’t access the deposit bonus my forex broker promised
Brokers generally provide a certain amount of reward when traders do the next reload (Deposit). For example, the broker offers a 75% bonus if you make a new deposit in the next 3 days. This type of bonus is one of the best deals that you can use, especially if you are an active trader who deposits and trades frequently.
6. Forex Cashback Bonus
Forex Cashback Bonus is a reward in the form of cashback offered to traders for every trade execution.
This cashback will be automatically transferred into the trading account when the trades are conducted successfully.
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For example, if the broker provides $2 cashback per trade and you open a one lot trade, you will have a $2 cashback bonus transferred into your account.
7. Forex Loyalty Bonus
Forex Loyalty Bonus is a bonus received in the form of loyalty points. Many distinguished Forex brokers provide loyalty points (under different terms, conditions, or names) which can later be exchanged for other types of rewards.
Loyalty points can be used to redeem bonuses offered by the broker in the forms of cash, credit, better trading conditions, and so on.
8. Forex VIP Bonus
Forex VIP Bonus is different from other types of bonuses in that it requires opening a specific VIP account in order to claim it.
This is why VIP bonuses are special and usually come with more beneficial rewards (Better trading conditions, bonuses with favorable terms, priority in support service or even deposits and withdrawals). If traders want to use this bonus, they should consider opening a VIP account at the time of Forex account registration.
How to Find the Best Forex Bonuses?
It is easy to find Forex bonuses but finding the best bonus to suit your trading requirements can be a bit tricky.
Before deciding which bonus to take, you need to pay attention to the provider of the bonus as well as the terms and conditions of their offer.
At BestFxBonus.com, Forex bonuses are listed and rated based on the reliability of the brokers, the benefits of the offered bonuses, and of course, the flexibility of their terms and conditions.
All of these factors are important to take into account if you want to choose the best bonuses for trading.
Things You Need to Consider:
There are three things you need to pay attention to while choosing Forex bonuses offered by Forex brokers:
1. Use the service of trustworthy brokers
You should only choose experienced and trustworthy Forex brokers.
This will give you peace of mind and prevent you from any scam. By choosing distinguished and well-known brokers, you will usually get more beneficial deals and bonuses.
2. Read the conditions carefully
Before depositing money and receiving any bonus, take your time to read and understand the terms and conditions of the Forex brokers.
For example, most brokers require you to complete a certain amount of trade before you can withdraw the profits earned via the bonus.
57 No Deposit Bonus Forex List For 2020
So, never rush into it and try to calculate everything.
3. Choose your bonus well
Forex brokers often update and change their bonus policy. You should choose your bonus according to your trading needs.
It is advisable for new customers to consider free no deposit bonuses before going for more serious trading bonuses such as deposit bonuses. On the other hand, Regular Customer, VIP, Reload and Loyalty bonuses are suitable for seasoned traders who know their way around Forex trading.
Best and most trusted forex brokers in January 2020
Other types of bonuses can be used by both new and experienced traders.
Forex bonuses vary, and so do the conditions. That is why you need to keep yourself informed about the best Forex bonuses offered by many distinguished Forex brokers.