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HERE IS A LIST OF FOREX BROKERS THAT WILL DOUBLE YOUR DEPOSIT

Forex Brokers With 100% Deposit Bonus

In forex trading, every opportunity counts. Traders are always looking for forex brokers who offer them the best deals in order to gain an edge while trading. One of the most enticing offers from forex brokers is a 100% deposit bonus. Such a deposit bonus practically doubles a trader’s initial deposit and earns the extra capital to invest in financial markets. In this article, we are going to be looking at some of the best forex brokers with 100% deposit bonuses while evaluating their core features. But before we do that, let’s have a little more understanding of what a deposit bonus is.

What is a Deposit Bonus?

A deposit bonus serves as a promotional incentive provided by brokerage firms to attract new clients. Its main purpose is to encourage traders to open accounts with a forex broker. Typically, this bonus is granted upon the initial deposit. However, certain firms in South Africa extend this offer on subsequent deposits, known as a reload bonus. The bonus may come in the form of a fixed amount or a percentage of the initial deposit. One of the significant benefits of the deposit bonus is its capability to enhance a client's capital. It enables traders to hold larger trading positions in the market.


The criteria for qualifying for a forex deposit bonus differ from one brokerage firm to another. usually, you'll be required to register using your email and phone number. Additionally, you may need to verify your identity by uploading identification documents like your passport or ID card. After successfully opening and verifying your account, you must then make an initial deposit. Usually, you'll receive the deposit bonus within 24 hours. However, certain South African brokers provide the bonus instantly upon fulfilling the requirements.


With that, let’s now take a look at some forex brokers with a 100% deposit bonus.


Best Brokers with a 100% Deposit Bonus


Libertex

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSC, SVGFSA 💰 Commissions: as low as 0.007%
⚖️ Max. leverage: 1:999 ▶️ Min. deposit: 10$
📊 Forex pairs: 50+ 🔎 Deposit Bonus: Yes, 100%

Libertex is currently running a 100% welcome bonus to traders in South Africa and other parts of the world. This bonus is for new traders who open new accounts and make a deposit with the broker. The minimum deposit amount to qualify for this 100% deposit bonus is $100 and the maximum is $10,000. As expected, traders cannot withdraw this deposit bonus directly. To convert it into real withdrawable cash, traders have to use it in trading.


Every day at 21:00 UTC, Libertex analyses the total of the fee paid when trading and calculates the portion of the bonus to be converted. When the amount reaches a certain percentage, Libertex pays the converted part into the client’s trading account. Traders can then withdraw or continue trading with the money paid out.


In terms of market products, Libertex offers great diversity. Traders have access to CFDs on forex, cryptocurrencies, stocks, oil and gas, metals, and ETFs. The trading platforms available to use when trading include MetaTrader 4 and MetaTrader 5. These two platforms provide traders with intuitive interfaces coupled with advanced capabilities. Libertex primarily charges a commission of 0.007% and keeps the spreads ultra-low when trading.


Finally, Libertex is a regulated broker in multiple jurisdictions. It operates under the regulatory oversight of the FSC in Mauritius and the SVGFSA in St Vincent and the Grenadines, among others.


FXview

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSCA, FSA 💰 Spreads: As low as 0.0 pips
($1 per 100k traded commission applies)
⚖️ Max. leverage: 1:500 ▶️ Min. deposit: 50$
📊 Forex pairs: 70 🔎 Deposit Bonus: Yes, 100%

Fxview is another reputable forex broker that offers South African traders a 100% deposit bonus on their initial deposit. All traders need to do to receive this deposit bonus is to open an account and fund it. The broker will then match a trader’s deposit with a 100% bonus, essentially doubling a trader’s trading capital. Note that this deposit only applies to deposit amounts above $200.


Once a trader receives their deposit, they can use it to place orders in a variety of markets. Specifically, traders can trade CFDs on forex, cryptocurrencies, commodities, indices, and stocks. The platforms available to use to place orders in these markets include MetaTrader 4, MetaTrader 5, and ActTrader. This means that traders can pick the trading platform that best suits their needs.


Regarding spreads, Fxview falls within market standards. The spreads on this broker site start from as low as 0.0 pips plus a commission. The commission charged here is competitively low sitting at $1 per 100k traded.


Finally, the regulatory status of the broker. Fxvies holds regulatory licenses from the FSCA in South Africa and the SVGFSA in St Vincent and the Grenadines, among others. 


InstaForex

Trading Forex and CFDs entail risk.

Your capital is at risk.

🏦 Regulation: FSC, BVIFSC, CySEC 💰 Spreads: As low as 3-7 pips
⚖️ Max. leverage: 1:1000 ▶️ Min. deposit: 1$
📊 Forex pairs: 100+ 🔎 Deposit Bonus: Yes, 100%

InstaForex currently runs a 100% deposit bonus offered on a trader's initial deposit. To receive this bonus, traders must open an account with the broker and fund it. Interestingly, there is no verification requirement to receive this deposit bonus. While the deposit bonus itself cannot be withdrawn, any profits generated from trading with this bonus are eligible for withdrawal.


Although the broker lacks regulation in South Africa, it holds licenses from several reputable organizations in other jurisdictions. These include the FSC in Belize, the BVIFSC in St Vincent and the Grenadines, and the CySEC in Cyprus. While regulation alone may not suffice, having certifications and licenses from various organizations is a positive indicator.


InstaForex provides various popular trading platforms such as MetaTrader 4, MetaTrader 5, and WebTrader. However, the broker features relatively high spreads ranging from 3-7 pips for major currency pairs. This is very high compared to other top brokers operating in South Africa. Traders on this platform can access a variety of trading instruments including shares, forex, indices, cryptocurrencies, and commodities.


Advantages of a 100% Deposit Bonus

Double Trading Capital

A 100% deposit bonus practically doubles the initial deposit of a trader. This increased capital empowers them to take larger positions and potentially amplify their profits.

For South African traders, this extra capital can play a pivotal role in their trading endeavours. It enables them to explore various strategies and markets more confidently.

Introduction to Forex Trading with Reduced Risk

A 100% deposit bonus offers traders increased trading capital with a portion of it being free cash to trade with.

By providing additional capital, it allows traders to execute trades and navigate the market without putting substantial amounts of their own money on the line. This reduced risk is particularly beneficial for newcomers seeking hands-on experience.

Evaluation of Broker Services

The 100% deposit bonus enables South African traders to assess the services and features offered by a specific broker. By utilizing this bonus, traders can gain firsthand experience with the broker's trading platform, customer support, and overall user interface.

This evaluation process allows traders to make informed decisions regarding their choice of broker without committing significant personal funds upfront.

Considerations for South African Traders

While the benefits of a 100% deposit bonus are undeniable, traders must approach it with caution and careful consideration. The deposit bonus should be a secondary consideration to other important factors. Here are several essential factors to bear in mind when choosing a broker.

Broker Reputation and Regulation

Selecting a reputable and regulated broker is paramount. Traders should conduct thorough research to ensure the broker is licensed by authorities such as the Financial Sector Conduct Authority (FSCA) in South Africa. Regulatory oversight assures adherence to industry standards and a secure trading environment.

Terms and Conditions

Before accepting any bonus, it's important to read and understand the associated terms and conditions. Traders should pay particular attention to minimum deposit requirements, trading volume targets, and withdrawal restrictions. Failure to adhere to these terms could lead to the loss of the bonus and any profits earned from it.

Trading Strategy

Developing a clear trading strategy is essential for South African traders utilizing the 100% deposit bonus. Whether it involves day trading, swing trading, or long-term investing, having a well-defined plan enables informed decision-making and facilitates account growth.

Risk Management

While the deposit bonus offers some cushion, effective risk management remains critical. South African traders should implement measures such as setting stop-loss orders, diversifying their trading portfolio, and avoiding excessive leverage to mitigate potential losses.

Closing Remarks

There are several brokers operating in South Africa that offer traders a 100% deposit bonus, essentially doubling their initial trading capital. This deposit bonus helps brokers attract clients to their trading site and serves as a marketing strategy. However, while such bonuses can significantly enhance initial deposits, traders must exercise caution and consider essential factors before investing.

These factors include broker reputation and regulation, terms and conditions, and the fees involved when trading. Nonetheless, with informed decision-making, South African traders can utilize the 100% deposit bonus to take up larger positions in the market and potentially increase their profits.