HERE IS A LIST OF FOREX BROKERS THAT OFFER ATTRACTIVE WELCOME BONUSES
Welcome Bonus Forex $50
In a market inflated with a lot of competition among forex companies, companies have to go to massive lengths in order to attract more and more clients. This includes advertising their services, using referral programs, offering rich educational resources, and promoting loyalty and reward programs, just to mention a few.
Additionally, companies can attract even more clients by offering attractive welcome bonuses. Clients are advised to make sure they invest with well-regulated and licensed companies, regardless of whether they offer a welcome bonus or not. They can do this by researching companies to determine their legality and authenticity to avoid fraud and have some assurance of fund safety.
Today, we are going to look at some forex brokers that offer a $50 welcome bonus. Unfortunately, there are not many of these with reputable regulations. As such, we will cover an additional broker with reputable regulations and a $30 welcome bonus.
Different Types Of Welcome Bonuses
Forex companies offer a wide range of welcome bonuses. Of course, this varies from one company to another. Welcome bonuses are given after clients achieve a set of requirements. These include; the first deposit, registration and verification of the account, and lastly after depositing a specific amount. Hence, this can be classified into two types of bonuses; the deposit welcome bonus and the no-deposit welcome bonus.
To get the no-deposit welcome bonus, all a client has to do is register and verify their account, for the most part. While the terms and conditions change from broker to broker, the main requirement is registration and verification of an account. For the deposit bonus, a client has to deposit a specific amount into their account and they’ll get the bonus, as long as they meet all other terms and conditions that apply.
Forex Brokers with a $50 Welcome Bonus
This broker claims to have launched in 2009 and boasts of having over 2.5 million users. However, information from Whois.com reveals that the website was registered in 2022 which is a red flag. Moreover, this broker is only regulated by the FSA. This is not the most impressive of regulators as its regulations are more relaxed, unlike other popular regulators in Europe, the USA and Australia. Traders are therefore advised to be cautious while dealing with the company.
Even with this, Connexar Capital provides a wide range of global market instruments. These include assets from markets like forex, precious metals such as gold and silver, indices and cryptocurrencies.
New traders get a free welcome bonus of $50 upon registering and verifying their accounts. The company call this a trading credit which is important to keep in mind as it could mean that the company expects clients to pay the money back.
After completing the formality of signing up, clients are contacted by the company’s sales team to discuss account details. Upon completing this process, a $50 bonus is deposited into a client’s account.
Kaje Forex is registered in the Marshall Islands but has no verifiable regulations. As such, the broker cannot be considered safe to trade with. While not all unregulated brokers are scam operations, there is a bigger chance that they are. At the very least, operating without a license shows a disregard for the rule of law.
The broker allows people to trade indices, commodities, currency pairs, energies, and precious metals. New clients get a $50 no-deposit welcome bonus once they register and verify their accounts. Once clients confirm their identity and address, they can go ahead and request the bonus which is deposited into their accounts.
While this offer might be attractive, we must insist that trading with an unregulated broker is a recipe for disaster. Always strive to invest with a well-regulated company. Such companies have to adhere to strict laws in order to keep their operating licenses.
Broker with a $30 Forex Welcome Bonus
XM has a long history in the market and has regulations from the CySEC in Cyprus and the FCA in the UK. These are two of the most recognised financial regulators in the market today. Additionally, the broker has regulations by the FSC in Belize. While its welcome bonus is only $30, you cannot overlook the other features of brokers. It is unwise to only consider the bonus amount when choosing a broker. Traders should also prioritize the regulations of a broker and the quality of services and let the bonus be a secondary consideration.
Moreover, XM offers competitively low spreads that start from as low as 0.6 pips on major currency pairs on the XM Ultra low account. That’s not all. There are over 1,000 different trading instruments on this broker site. Traders can invest in CFDs on forex, stocks, commodities, equity indices, and energies. The trading platforms available to use include MetaTrader 4, MetaTrader 5, and WebTrader.
The $30 welcome bonus on XM does not require traders to make a deposit, it is a no-deposit bonus. All they have to do is complete the sign-up process and verify their accounts. Once the trader receives the bonus, they cannot withdraw it. However, they can place trades and all profits earned are available to withdraw.
Benefits of Welcome Bonus Forex Brokers
Deposit bonuses vary from one forex broker to another. At the same time, the terms and conditions to withdraw these bonuses do change from one company to another. Clients, especially new ones, are advised to go through the general terms and conditions in order to familiarise themselves with the rules that apply.
For the most part, welcome bonuses are not withdrawable without some trading activity. Most welcome bonuses can be withdrawn once a client has reached a certain required lot volume in trading.
There are many forex brokers that offer a free welcome bonus without a deposit. But, unfortunately, most of them cannot be trusted as they are not regulated by any trusted regulators. Traders should insist on trading with well-regulated companies for the safety of their funds.
FP Markets can be mentioned as a trusted forex company as it is regulated by strict and trusted regulatory bodies. Upon verifying your account and opening a standard account on the MetaTrader 4 platform, clients automatically get a free 30 dollars trading bonus (T&C Apply).
There are a lot of forex companies in the market nowadays, with many offering attractive bonuses and discounts to lure traders. But traders should be aware as some may not be well regulated. Some offer no-deposit bonuses as high as $100 but are not registered with any regulator. This puts a client’s money at risk of fraud or unfair trading environments.
Luckily, there are a few regulated brokers that also offer their clients welcome bonuses. Companies like FP Markets, or XM fit this description as they has ample regulations and also offers a welcome bonus to their customers. Either way, traders should ensure a company best suits their trading needs regardless of the welcome bonus offering.