Know everything about some major Special Forex Bonuses
What is Special Forex Bonus?
It’s an exclusive and finite time offer from the brokers. There are innumerable types of offers in forex trading, special forex bonus is appropriate to offer for an exceptional event.
How to get a special forex bonus?
Getting a special bonus is neither hard nor easy. Forex brokers usually never offer special bonuses regularly and come with limited time.
So, in order to grab a special bonus, you must wait and watch for an offer. You need to check every broker’s website or connect with them on social media, but it obviously not everyone’s cup of tea.
Types of Special Forex Bonus
Rebates Bonus or Cash Back Bonus
A rebate is usually known as a Cash Back gives cash rebates on each trade but utilizing your own trading capital. Varied Forex brokers offer varied rebate rates so you need to check a number of brokers to receive the maximum rebate available.
Important points to consider when you select any Rebate Bonus
- Firstly, you need to check if the Rebates are cash rebates or credit rebates
- You must determine the maximum amounts of rebates brokers are offering.
- You need to check whether or not the brokers are increasing the spreads when they usually offer the rebate
- If in any case, the rebate is a credit rebate. You need to check if they are Margin credits similar to Margin bonus that can be used as equity or not
You need to understand that you can withdraw cash rebates at any time. But, when talking about credit rebates, you can only use it to increase your trading capital. Credits generally have options like Volume Bonus but one of the most likable advantages is that you can use these credits as margins with a majority of Forex brokers.
If you are a trader who is transacting high volumes. In that case, a Volume Bonus is an ideal bet for you. A Volume Bonus enables you to receive up to 100% of your deposit and you can withdraw once you meet the set volume.
Gifts and Freebies from Brokers
A majority of Forex Brokers usually offer gifts to their traders which may come in the form of extra trading capital cash or gift cards and sometimes into more material gifts. Some brokers also offer freebies which may come in the form of web tutorials, e-books, and other “gifts” to help you become a better trader.