The Deposit Bonus<\/h3>\n
The Deposit bonus is an offer that has become common practice in the Forex business. The bonus refers to the amount of extra money you receive after you make a deposit. The amount of the bonus depends primarily on your deposit amount. The bonus takes the form of percentage and is calculated accordingly. A deposit is an amount you are required to invest to start trading. Every broker decides individually on the minimum deposit amount, meaning that you cannot go below that amount. As said, brokers define their own minimum deposits, and they vary from very cheap to highly expensive. E.g., minimum deposits can be as low as $10 or as high as $500 (for VIP accounts, these numbers can be much higher). As a trader, you should always stay in the loop and make sure not to miss out on a bonus you are eligible for. The deposit bonus is a great opportunity to boost your trading account risk-free.<\/p>\n
Deposit Bonus Example<\/h3>\n
For example, you decide to deposit $100 and the broker says that they offer an 80% deposit bonus. The bonus is calculated according to the amount of your deposit, which means that additional $80 will be added to your account. Now you have $180 at your disposal to trade currencies. The deposit bonuses by Forex brokers are still not a regular procedure or a constituent part of the service package, but rather a promotion offered for a limited amount of time. For example, you can find offers by certain Forex brokers who offer a 100% deposit bonus to be used once. The offer can last a month, two months, or more. That decision is up to the broker.<\/p>\n
The Controversy<\/h3>\n
Some brokers have a really strict policy when it comes to withdrawing the bonus or use it as trading credit. The identity verification process can be a little bit tedious, but one has to understand the broker as well. They want to reward real traders and not random persons who just want to take advantage of the free money. On the other hand, many brokers want to scam people into the business by offering unrealistic sums of money and bonuses, which cannot be fulfilled. Once payment is due, the company simply finds one reason after another why a trader cannot withdraw funds. We see here that mistrust is mutual, and no side can trust the other completely unless the broker and the trader have collaborated for a long time. Professional broker companies have certainly made an effort to define rules so to be acceptable to both parties to avoid any confusion.<\/p>\n
Terms and Conditions for Deposit Bonus Withdrawal<\/h3>\n
Bonus Terms and Conditions are clearly specified with professional brokers. Traders know what to expect, how to apply for the bonus, and what criteria they have to meet to collect the bonus. Forex brokers insist on signing the Terms and Conditions. The broker has the right to exclude individuals from the bonus application with no further explanations. Professional brokers always make sure to reward active traders and account activity is one of the basic requests for a bonus withdrawal. For example, if a trader withdrew funds from their account a while ago, and deposits only before a bonus offer and promotion, they automatically disqualify themselves given that this can be considered fraud or manipulation in the market. Most broker companies operate on the principle of linking bonus withdrawals and trading activity. Namely, to be able to withdraw bonuses, the common practice is to request traders to trade a certain volume of trades before they can withdraw the bonus (or profit made out of the bonus), e.g. 10, 20, 40, etc. times. The policy can be harsh and might leave you where you started, with the exact same amount you started without the bonus, or even less, given that you make additional deposits to trade so many times until you qualify for the bonus withdrawal. Nevertheless, this does not mean that bonuses are worth nothing. One only has to find the right broker who offers fair conditions for executing the bonus. This should not be too difficult anymore, given that many brokers present their Terms and Conditions on their websites, and you can carefully read through them and compare them to bonus policies of other brokers. Once you find the best offer, register with that broker and enjoy your bonus money. The brokers who do not clearly state how the bonus procedure works and under what conditions you can get the bonus should be avoided.<\/p>\n
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