What a bonus really is?
Bonuses are applied in many tools such as gambling websites, betting pages, game shows…, then, bonuses are popular for many fields and for forex world, bonuses have some unique characteristics to differentiate from other bonus fields. Brokers have various ways to display the bonuses. Sometimes, the bonuses can be gifts, cash or a particular offer…, and in some certain periods of the financial year, brokers can also hold the promotional campaign. Although the best forex bonuses are in the form of charge-free, traders are asked to follow some specific rules that are made by traders about the bonuses. It is very necessary to study about the rules and requirement for bonuses of brokers to prevent any trouble in the long term when traders get involved into a bonus. Some basic information that traders need to know at the first place is that bonuses are provided for clients owning the account from the brokers only, which means traders with accounts outside of a certain broker can be the candidate for bonuses. Once traders join in the bonus programs, there are the existing terms about the bonuses and how to win the bonuses that traders have to agree before winning the bonuses. There are brokers that may narrow the benefit by giving just few bonuses for particular clients. The reason why the best ECN brokers organize many promotional programs is that they want to make their names known by more clients and then more and more traders open accounts to trade with them. Also, promotion as bonus is a tool to help stick working traders in their trading platform so that they will not change to other brokers.
Noticeable bonus programs
The points about deposit bonus is that trader need to make the deposit for the first time, and from this initial deposit, brokers will apply the bonus program for them. Usually, this bonus is displayed as cash and credit. And it is also rated with percentage unit. The amount of deposit is important to judge which brokers can be the winners of the bonus. Taking this simple example to make this method clear, the bonus rate is 50%; then, traders are required to make the at least 100$ to win back 50$ which is 50% of the deposit according to the bonus rate. This 100$ of deposit is understood as the least required number that can be meet the condition for the bonus and if traders invest less than that they can not have the chance for deposit bonus. Deposit bonus is literally free because beside benefit from deposit bonus, brokers also give some boundaries for traders who are eager for bonuses. For example, brokers can have the rule that traders who win the deposit bonus are not able to be given the advantages from the trading condition or they can only win deposit bonus with first deposit.
Welcome bonus is the treat that the best forex brokers BRKV give new traders who first have the account opened with the brokers. And this is also the difference between welcome bonus and ordinary bonus or no deposit bonus. These three bonuses have a common that they are only given for traders one time. And welcome bonus is even tight with some limitations for some other bonuses.