HERE IS A LIST OF FOREX BROKERS THAT OFFER HIGH WELCOME BONUSES
Welcome Bonus Forex $100
In forex trading, traders are always looking to take advantage of any avenue that can increase their investment capital. One such avenue that traders take advantage of is welcome bonuses. Welcome bonuses have been an integral part of the forex space for years now. Brokers use welcome bonuses to attract new clients to their broker site. Traders benefit from this by having free money to start their forex trading career. One of the highest welcome bonuses that brokers offer is a $100 welcome bonus. This article will look at forex brokers that have a welcome bonus for forex of $100.
What is a Forex Welcome Bonus?
Forex welcome bonuses are promotional offers from forex brokers to encourage new traders to join their platforms. These bonuses come in various forms, such as no-deposit bonuses, deposit bonuses, and risk-free trades. In the case of South African traders, a $100 forex welcome bonus is a valuable starting point for those looking to start their forex trading journeys.
The $100 forex welcome bonus typically comes with certain terms and conditions. These can include minimum deposit requirements, trading volume targets, and withdrawal restrictions. It's important for traders to carefully review and understand these terms before committing to a broker. Moreover, traders should consider other important factors such as regulations, trading fees, availability of instruments, and trading platforms available. This will give them a full picture of the kind of services they should expect from the broker. From there, they can then consider the welcome bonus offered by the broker. Using these criteria, here are some brokers that offer South African traders a forex welcome bonus of $100.
Best Forex Brokers with a $100 Welcome Bonus
XM.com
Best Terms and Conditions
Terms and Conditions Apply. Trading Forex and CFDs entail risk. Your capital is at risk.
XM is a global forex and CFDs broker that offers traders a welcome bonus promotion that can go up to $100 and even higher. This broker runs a deposit bonus promotion that is set up in two tiers. The first tier gives traders a 50% deposit bonus for any deposits of up to $1,000. As such, traders can earn a $100 welcome bonus if they deposit $200 into their account. If they deposit any amount higher than $1,000, then the second tier of 20% applies to any amounts above $1,000. In total, the two tiers of this deposit bonus promotion can earn traders a bonus of up to $5,000. Notably, this deposit bonus is only available on the standard, the micro, and the shares account. This means that it is not available on the XM ultra low account. However, XM runs a $30 no-deposit bonus that is available on all real trading accounts on the broker site.
This deposit bonus is not available to withdraw directly. However, any profits earned from trading with the bonus are available to withdraw. There are over 1,000 different market instruments available to trade on this broker site. This presents a great opportunity for investors to diversify their portfolios. Specifically, investors can trade CFDs on forex, indices, cryptocurrencies, stocks, energies, and precious metals.
The trading platforms on this broker site are some of the best in the market. They include MetaTrader 4 and MetaTrader 5 which are available on all kinds of devices. Further, the spreads involved are competitively low. They start from as low as 0.6 pips on the standard and the micro account with no commissions charged.
Finally, this broker is under the regulation of various institutions around the world. The broker is under the regulation of the FSC in Belize and the ASIC in Australia, among others.
Libertex
Terms and Conditions Apply. Trading Forex and CFDs entail risk. Your capital is at risk.
Libertex is one of the brokers that offers its traders a $100 welcome bonus. This broker has a 100% deposit welcome bonus with a minimum deposit requirement of $100 to qualify. The maximum deposit amount for this promotion is $10,000. To receive this bonus, traders must complete and pass the registration procedure. They can then fund their account with at least $100.
Like on many other broker sites, traders cannot withdraw this welcome bonus directly. To convert it into real withdrawable money, people have to trade using the funds. The profits earned from trading using this money are then available to withdraw. Luckily, this broker site allows traders to invest in a variety of global markets. These include forex, stocks, cryptocurrencies, oil and gas, metals, and ETFs. These markets are available on market-standard trading platforms that include MetaTrader 4 and MetaTrader 5. Further, the broker site charges reasonably low spreads that start from as low as 1.0 pips for major currency pairs.
On regulations, this company operates under the supervision of various organizations around the world. These include the FSC in Mauritius and the SVGFSA, among others.
Admiral Markets
Terms and Conditions Apply. Trading Forex and CFDs entail risk. Your capital is at risk.
Admiral Markets runs a 100% welcome bonus to all its new traders. This welcome bonus applies to any deposits up to $5000. If a trader signs up successfully and deposits at least $100, the broker matches their deposit with an extra $100. Surprisingly, this welcome bonus is available to withdraw. At the end of each week, the amount of bonus available is calculated and transferred into the balance of a trader’s account.
With Admiral Markets, traders have access to a plethora of global markets. These include markets such as forex, indices, stocks, commodities, ETFs, and bonds. The costs for trading on these markets are competitively low with spreads starting from 0.5 pips for major currencies on the Trade.MT5 account. However, they can go lower starting from 0.0 pips with commissions paid. The commissions range from 1.8 to $3 per lot depending on the account. The trading platforms available to use include MetaTrader 4, MetaTrader 5, WebTrader, and Admirals Mobile App.
Looking at the regulations, this broker does not disappoint. It has regulatory licenses from the FSCA in South Africa, the FSA in Seychelles, the CMA in Kenya, the FCA in the UK, and more. However, the deposit bonus is available when opening an account with the FSA-regulated branch of Admiral Markets.
Advantages of a $100 Forex Welcome Bonus
Before accepting a forex welcome bonus, it's crucial for traders to research and select a reputable and regulated broker. Regulatory oversight ensures that the broker adheres to industry standards and provides a secure trading environment. Traders should check for licensing from authorities such as the Financial Sector Conduct Authority (FSCA) in South Africa.
Thoroughly reading and understanding the terms and conditions associated with the $100 Forex welcome bonus is crucial. Traders should be aware of any minimum deposit requirements, trading volume targets, and withdrawal restrictions. Failure to comply with these terms could result in the forfeiture of the bonus and any associated profits.
South African traders should formulate a clear trading strategy before utilising the $100 welcome bonus. Whether it's day trading, swing trading, or long-term investing, having a plan in place helps traders make informed decisions and better grow their accounts.
While the welcome bonus provides some safety net, it's crucial for South African traders to implement strict risk management practices. This includes setting stop-loss orders, diversifying their trading portfolio, and avoiding over-leveraging positions.
The $100 forex welcome bonus for South African traders is a valuable opportunity to enter the world of currency trading with enhanced capital. By choosing a reputable broker, South African traders can leverage this bonus to gain valuable experience and potentially grow their trading portfolios. The brokers we listed here have a great offering alongside a great reputation in the market. Needless to say, there are many other brokers that offer a welcome forex bonus of $100. But the regulatory status and the overall services they offer should matter more. While the welcome bonus is a promising starting point, it's essential for traders to approach the market with proper discipline.