HERE IS A LIST OF FOREX BROKERS THAT OFFER ATTRACTIVE WELCOME BONUSES
Welcome Bonus Forex $50
A welcome bonus is a special promotion to traders when they sign up or deposit a minimum trading capital. A welcome bonus simply is compensation when a trader chooses a particular broker. Bonuses are used as strategies by brokers to attract new clients and hopefully retain them through the services they offer. In this article, we will look at some of the brokers that offer a forex welcome bonus of $50. Unfortunately, there are not many reputable brokers in the market that offer a welcome bonus of $50. As such, we will cover two additional brokers that have good trading conditions, reputation and offer a welcome bonus of $30. Before that, we’ll look at two crucial things.
Different Types Of Welcome Bonuses
When it comes to welcome bonuses, a broker can offer variety to its traders. There are two main types of welcome bonuses that a broker can offer which include a deposit welcome bonus and a no-deposit welcome bonus.
A deposit welcome bonus is just like the name suggests. A trader must first deposit to receive it. The bonus can be a percentage or a fixed amount of the trader’s initial deposit. A point to note is that there is usually a limit to the percentage of welcome deposit a trader can receive. On the other hand, a no-deposit bonus does not require a trader to make a deposit and the bonus is usually a fixed amount. Normally, a trader has to verify their identity before they receive the bonus.
As much as bonuses are attractive, traders should first consider factors such as regulations and trading fees of a broker. The bonus should be a secondary consideration.
How Do Welcome Bonuses Work?
Brokers use bonuses to attract traders and for a trader to receive a bonus, certain conditions must be met. How the welcome bonus works is simple. A trader has to sign up, verify the account, and sometimes deposit a minimum trading capital to be able to receive the bonus. Bonuses can help kickstart a trader’s trading career.
Now, let’s look at brokers that offer a welcome bonus of $50 to Nigerian and international clients.
Forex Brokers with a $50 Welcome Bonus
When traders open an account at Kaje Forex, they can get a welcome bonus of up to $50. Kaje Forex is registered in the Marchall island but has no verifiable regulations. As such, the broker is understandably in low regard from both beginner and experienced traders. While not all unregulated brokers are scammers, the probability of them being one is high. Consequently, it is better to avoid them completely.
Nonetheless, applying for the bonus is quite simple. A trader will have to open a trading account, verify their identity and address, and then $50 will be credited to their account. The bonus offered by the broker is only available for new traders and with no requirement to make a deposit. Another point to note is that the bonus a trader receives can’t be withdrawn. However, the profit a trader makes after trading with the bonus is available to withdraw.
Notably, the broker offers several account types to its traders including the standard, the active traders, and the ECN accounts. The broker also offers spreads as low as 1.0 pips for major currency pairs on the standard account. The low spreads allow traders to invest in several global markets which include forex, indices, commodities, energies, crypto, and precious metals.
While the variety and low spreads are attractive, we still insist that a trader should only invest using brokers that have regulations from reputable organizations. Such brokers have to adhere to strict rules and provide fair trading conditions.
ConneXar Capital is yet another broker that offers a welcome bonus of $50 to its new traders. This can act as trading capital for new traders on sign-up thus allowing them to start investing without risking their own money. After signing up and verifying one’s account, the broker credits a trader’s account with the $50 within two working days. This is because the welcome bonus the broker offers to its traders is a no-deposit one where a trader doesn’t need to deposit to receive the bonus.
ConneXar Capital is only regulated by the FSA. This is not an impressive regulator in the market as its regulations are more relaxed compared to other reputable regulators. It is hard to overlook this lacklustre regulatory status despite the attractive $50 welcome bonus.
Interested traders can access various perks the broker has to offer. Firstly, the broker has a variety of trading instruments that include forex, crypto, precious metals such as gold and silver, and indices. The other perks include a market-standard trading platform that the broker offers which is the MT4.
Best Forex Brokers with a $30 Welcome Bonus
XM.com offers a welcome bonus of $30 to its new traders. The broker offers a no-deposit bonus which means that receiving the bonus a deposit is not needed. How to get the bonus is simple. A trader is required to open a trading account and verify the account. The $30 will be credited to their account once the process is completed.
What’s more, the broker features some of the tightest spreads in the market. They start from as low as 0.6 pips for major currency pairs on the XM Ultra low account. Notably, the broker offers a diverse collection of market instruments from various global markets. These include CFDs on forex, indices, crypto, commodities, shares, and energies. Further, the broker also features market-standard trading platforms that range from MetaTrader 4, MetaTrader 5, and WebTrader.
Lastly, unlike the other brokers on this list, XM.com has regulations from two reputable organizations in the market. The list of regulators includes the CySEC in Cyprus and the FCA in the UK. Further, it has regulations from the FSC. While regulations alone are not enough, they give a sense of how well a broker follows financial laws.
JustMarkets also gives traders a welcome bonus of $30. The bonus available does not require any deposit from a trader. To access the bonus, you simply open a trading account and once you finish the process the bonus will be credited to your account. An important point to note is that the bonus cannot be withdrawn. However, the profit a trader gets from trading the bonus is available for withdrawal.
Further, the broker offers various trading instruments that include currency pairs, cryptocurrencies, shares, indices, and commodities. The variety helps traders to diversify their trading portfolio. The trading platforms available to use include the MetaTrader 4 and MetaTrader 5. They are available on Android, iOS, and PC.
Bonuses help traders to acquire free trading capital that helps them to kickstart their trading careers. They allow traders to test out the services of a broker without having to risk their own money. When choosing a broker that offers a bonus, a trader should consider various factors such as regulations, low spreads, a variety of trading instruments, and market standard trading platforms. Traders should be very cautious when choosing a broker with lacklustre regulations. Luckily, there are few traders that offer bonuses and are well-regulated such as XM.com and JustMarkets, among others.