HERE IS A LIST OF FOREX BROKERS THAT OFFER ATTRACTIVE WELCOME BONUSES
Welcome Bonus Forex $30
Brokers use bonuses to attract traders looking for ways to increase their trading capital. A welcome bonus is simply a way of rewarding a trader for choosing a certain broker. This bonus is a special promotion for new clients when they sign up or deposit a minimum trading capital. In this article, we will look at some of the brokers that offer a welcome bonus of $30. But before that, we’ll look at three crucial things.
How Do Welcome Bonuses Work?
Brokers offer various types of bonuses to their traders. For a client to receive any bonus, there are conditions that have to be met. How a welcome bonus works is simple. First, a trader has to open an account, verify the account, and sometimes deposit a minimum trading capital to receive the bonus. A point to note is that when choosing a broker, bonuses should be secondary to the broker’s regulations and quality of service.
Different Types Of Welcome Bonuses
Brokers offer a variety of bonuses that may include fixed or variable amounts when a trader signs up. After serious consideration of factors such as regulation and trading fees, a trader can then consider the welcome bonuses or the amount a broker offers on bonuses. There are two main types of welcome bonuses offered by brokers which include deposit welcome bonuses and no-deposit welcome bonuses.
A deposit welcome bonus simply means that a trader must make a deposit before receiving the bonus. The bonus can be a fixed amount or it can be a percentage of the trader’s initial deposit. What’s more, there is usually a limit to the percentage welcome deposit bonus a trader can receive. On the other hand, a no-deposit bonus does not require a trader to make a deposit before receiving it. Usually, it is a fixed amount since a trader does not have to deposit to receive the bonus. However, the trader normally has to verify their identity before they receive this amount.
Now with that, let’s see the brokers that offer a $30 welcome bonus to Nigerian traders (the bonus might be available also to traders from other countries).
Best Forex Brokers with a $30 Welcome Bonus
XM.com offers a variety of bonuses to its traders including a welcome bonus. XM.com offers new traders a $30 no-deposit bonus (T&C Apply). The process of receiving this bonus is quite simple. A trader will have to sign up and verify their account and the $30 will be credited once the process is completed. A point to note is that the $30 welcome bonus a trader receives can’t be withdrawn. However, the profits that traders make from this welcome bonus are available to withdraw as long as the trader meets the necessary conditions.
Notably, the broker offers some of the tightest spreads in the market that are as low as 0.6 pips for major currency pairs on the XM Ultra Low account. With the low spreads, traders are able to invest in a variety of assets that range from forex, indices, crypto, shares, commodities, and energies. XM.com offers world-class trading platforms that include MetaTrader 4, MetaTrader 5, and WebTrader.
Lastly, the broker is regulated by several reputable organizations in the market. Regulations are important as they show how much a broker is willing to follow the financial laws of the countries it operates. The list of regulators watching over XM includes the CySEC in Cyprus and the ASIC in Australia.
XM Other Bonuses
It is important to note that XM.com also offers a deposit bonus that is in two tiers. The first is a 50% deposit for amounts up to $1,000. That means traders can get up to $500 bonus money via the first tier deposit bonus. The second tier is a 20% deposit bonus for any amount above $1,000 up to $23500. The second 20% can raise the deposit bonus all the way up to $4,500. Interestingly, the deposit bonus applies only to the Standard, Micro, and Shares accounts. That’s not all XM.com has to offer. The broker has other additional bonuses and rewards that are available a few times a year. XM.com will offer special seasonal bonuses on certain calendar events or occasions that will be available for a limited period of time.
JustMarkets is another broker that offers Nigerian traders a $30 welcome bonus. This bonus requires no deposit from the traders. All clients have to do is register for a welcome account once they are done with the sign-up process. As expected, this welcome bonus is not available for traders to withdraw. However, the profits that traders earn from trading with the bonus amount are available to withdraw. A trader must trade at least 5 lots within a 30-day period. Additionally, the profit or loss of a transaction must be at least 6 points. A trader can then transfer the profits from their welcome account into their Standard Cent, Standard, Pro, or Raw Spread account.
This broker offers Nigerian traders access to currency pairs, metals, indices, energies, cryptocurrencies, and shares. This is an attractive feature that Nigerian traders will appreciate on any broker site. Access to a variety of markets allows traders of all kinds to diversify their portfolios. Further, the broker promises some of the lowest spreads starting from 0.3 pips for major currencies on the standard account.
On regulations, this broker operates under the watchful eye of the FSCA in South Africa, the CySEC in Cyprus, and the FSA in Seychelles.
Windsor Brokers launched its services in 1988 and offers traders a variety of global market instruments. Traders have access to CFDs on forex, indices, commodities, cryptocurrencies, shares, energies, metals, treasuries, and ETFs. To attract customers, this broker offers traders a $30 account that is available to Nigerian traders. The spreads available to traders on the broker site start from as low as 1.0 pips. However, a Zero account is available with spreads from as low as 0.0 pips plus a commission of $8 per round trip.
The only platform that is available for traders to use is the renowned MetaTrader 4. It is available on all kinds of devices including PC, Web, and Mobile. Further, Nigerian traders will be glad to know that Windsor Brokers is a regulated company in Kenya by the CMA, in Cyprus by the CySEC, and the FSA in Seychelles.
Benefits of Welcome Bonus
A welcome bonus is a creative way for brokers to attract clients to their trading sites. Essentially, traders acquire risk-free trading capital to kickstart their trading careers. When choosing a broker with a bonus, a trader should consider factors like low spreads, regulations, market standard trading platforms, and a variety of trading instruments. While today we only looked at three brokers, there are other brokers that offer welcome bonuses to Nigerian Traders. However, some of them are not reputable due to lacklustre regulations in the market and traders should be careful when trading with such brokers.