As soon as digital technology is expanding, the number of people showing interest in globally accepted currency is increasing day by day. There are thousands of new investors who are encouraging themselves for foreign currency trading. The main reason behind its popularity is the vast global market with the least transaction costs and several other advantages. To access the market, as with all other trading and investment options, it’s better to engage through a broker. “There are many brokers available with different features, and to sign up with the best matching broker with your requirements it is necessary for you to have a good knowledge of them,” told Traders Union.
According to the Traders Union, there are top 10 Forex brokers with bonuses:
Roboforex
To get a bonus from RoboForex you need to first create and verity account with a minimum deposit of $10.
Roboforex has CySec, and IFSC regulations. There is a unique offer for those who want to trade with RoboForex:
1-Special discount which requires no minimum deposit
2- Increased leverage up to 1:300
3-Reduced spread-From 0 pips.
6 major benefits you will get by trading with Roboforex forex broker
- Tight spreads from 0 pips
- Fastest order execution
- 4 account currencies
- (EUR, USD, CNY, GOLD)
- Micro accounts with the
- minimum lot size of 0.01
- 8 asset classes
- Affiliate program up to 70% profit sharing
Instaforex
Instaforex allows no-deposit bonus. With the value of $1000. To get it
- You need to open a new account with the use of a promotional form online and verify it completely
- You can’t withdraw a bonus, Instaforex allows you to withdraw only profits after trading X * 3 InstaForex lots where X-is profit volume.
- The client has to agree in some cases company can ask him to replenish his account with real funds
OANDA
Summary of OANDA
OANDA is an acronym for Olsen & Associates. This US-based forex trading company offers a wide range of financial services to different countries around the world. It is regulated in four jurisdictions and is licensed by IIROC. Founded 24 years ago, the company OANDA is mainly regulated by UK financial conduct authority.
Some awards by OANDA brokers are as follows:
The company has several significant awards to its credit including a victory in the category
“BestForex Trading Technologies” from UK Forex Awards,
“Best Trading Platform” from FX Week,
“US Foreign Exchange Report declared OANDA as a provider of Best Customer Service”
Experts of Traders Union analyzed OANDA broker for hidden fees. If you withdraw money from a debit card, there is no charge. Withdrawing funds to a credit card once a month is also free of charge. If you’re doing it more than once through a credit card, they charge a commission of $15 for every withdrawal.
FBS
It has no deposit bonus. In order to get it, you need to open a new MT5 account and request it. You can withdraw it after trading 5 lots for 30 days.
Withdrawal: You can withdraw it after trading 5 lots for 30 days.
XM
XM provides a Welcome bonus facility, valued at 100% up to $5000. If you want to get a bonus from XM, you need to open an account and add a minimum deposit amount of $5. For every earning of $10, you need to trade atleast 1 lot. XM allows Islamic accounts to clients following the Muslim faith.
You can simply open an Islamic account in the following simple steps:
-Open trading account
-Validate the account
-Request an Islamic account through the member’s area
Avatrade
Avatrade allows a welcome bonus. To get a bonus from avatrade you need to open an account, deposit $1000 and get 20% to deposit. 20% to first deposit from $1000
Tickmill
Tickmill allows a no-deposit bonus. To avail bonus from Tickmill-
Make your account with Tickmill
Once the account registration application is approved, the welcome bonus amount of $30 is automatically added.
Major limitations with Tickmill are– It doesn’t allow EA trading and the Validity of the bonus is only for 90 days
You can withdraw a minimum of $30 and a maximum of $100 of profit by transferring to a live MT4 trading account.
FXOpen
FxOpen allows a no-deposit bonus of $10. To get this bonus, you need to first register an FXOpen wallet, verify your phone number, and register an STP account. You can not withdraw the bonus. One can start profits by trading of a minimum of 2 lots.
Weltrade
It allows you a 100% deposit bonus on every deposit from $200. You need to deposit minimum of 200 USD after opening and verifying you’re well-trade account to get a bonus.
World Forex
World forex provides a deposit bonus of 100% on every deposit. To avail bonus from World Forex, you need to make a deposit of $100. Hare, you get a 100% bonus plus free VPS.