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Forex News are updated by Thomas Johnson - a trader from USA

21.09.2018.

THE THINGS YOU NEED TO KNOW BEST FOREX BONUSES OF 2018

BRKV - Most traders only care about brokers’ credibility, spread, swap and payment systems making nothing of their rebates or bonuses. In my opinion, rebates and bonus are also relevant to cost. Therefore, this is  important factors which we need to wonder. There are lots of new forex traders asking me about how to choose a broker that offer the best forex bonuses and how to use bonuses ? To answer these questions in details today I write this article. I will cover all of the aspects relating to forex bonuses. The hope that the article brings some useful information in your business path.

In fact, I find that some traders don't like forex bonuses because they know there will be many disadvantages when using bonus. However, the majority of traders are fond of forex bonuses, because they can decrease their trading cost and minimize trading margins. From that demand, some brokers even can hack their bonus programs and withdraw profit. So how to hack these bonuses? In this article, I will also share some tips to carry out hacking them.

THE THINGS YOU NEED TO KNOW BEST FOREX BONUSES OF 2018

1.  Types of forex bonuses

Basically, there are 3 types of forex bonuses: Welcome bonuses, Deposit bonuses, and Lot Back bonuses.

Welcome bonuses (or non-deposit bonuses): These are the bonuses used for new traders. Brokers offer welcome bonuses with the hope of attracting beginners and bonus cheaters. Generally, brokers can offer from 30 – 50 dollars welcome bonus for first time register. For beginners, their main purpose takes part in this bonus to test the broker’s trading conditions and also to try out their trading strategies. For bonus cheaters, they create as many accounts as possible to earn the profit.

Deposit bonuses: you will get money from these bonuses when based on percentages of deposit amount. For example: 20%, 50%, 100% of the total deposit. Brokers offer this types of forex bonuses to encourage traders to deposit more or reactivate their accounts if they’ve stopped trading for a long time. Some brokers offer this bonus to first time deposit as well. If you make a decision long term trading, deposit bonuses is good for you.

Lot back bonuses: many traders join these bonuses with the aim to minimizing transaction cost. When you finish 1 lot/transaction, brokers will rebate an amount of money to your account automatically. The rebate amount will rely on your trading currencies, account types, and trading time. This is the most popular bonus program because professional traders are fond of this. I give you an example: FM’s spread for EAR/USD is 1.4 pip, and they will lot back $3 for each completed trading lot. It means you only pay $11 for each EAR/USD lot instead of $14 of the original spread.

2. Drawbacks of each bonus type

Disadvantages of each bonus type.

Welcome bonuses

Deposit bonuses

Lot back bonuses

- These brokers often are not reliable. Maybe, they are new brokers with the aim to attracting clients by welcome bonuses.

- Actually, $50 is not much money plus the withdrawal conditions, as a result, you don’t earn much profit.

- It is difficult for traders to withdraw bonuses because there are too many conditions offered.

- Lots of problems happen unexpectedly leading to your forex will be lost.

- It are only special bonuses when you invest with much money.

- Time to get some profit is rather long

3. How to cheat forex bonuses

There are the two popular methods to cheat but notices that they only apply for welcome bonuses.

In first way, only carrying out 2 steps you can cheat bonuses.

Step 1: The traders need to create many new accounts to get welcome bonuses.

Step 2: You hedge 2 accounts together. It means 1 account win and 1 account loss. So, they get 50% win chance.

Noted: Don’t forget you only can withdraw bonus profit without any conditions.

In second way, you do as follow:

Step 1: The cheaters also open many new accounts to get welcome bonuses.

Step 2: You use the high leverage to open very big positions.

Step 3: Similar to the first way you also need to hedge them with other accounts to make sure the win rate is 50%.

Personally, the above 2 methods are really simple, you can do whenever you want.

4. How to select a good bonus?

As I mention in some articles before, the first condition to choose a broker is their reliability. Besides, another element of no less important is broker’s bonus.With many experienced years in trading I draw procedure related to pick out a good bonus. Follow me, please!

Firstly, you list down 5 best brokers which are suitable for you. YOU CAN SEE HERE.

  1. Choose best forex brokers that have good bonus program. Of course these brokers are very good. So if they have bonuses, it is much better.

  2. Trade and get bonuses.

Here are top 4 good forex bonuses:

  • Best welcome bonus: 30$ welcome bonus of AM

  • >> CHECK DETAIL HERE.

  • Best welcome bonus: 50$ welcome bonus of FIBS

  • >> CHECK DETAIL HERE.

  • Best deposit bonus: 100% deposit bonus of AM

  • >> CHECK DETAIL HERE.

  • Lot Back Bonuses: Rebate 2 - 16$ per lot of Excess

  • >> CHECK DETAIL HERE.

5. Which conditions can you withdraw forex bonus profit?

There are 2 main withdrawal conditions. The first condition is that you completed a certain number of trading lots. For instance: To withdraw $50 bonus, you have to complete at least 10 lots. When you register or deposit in 1 lot, they will deposit bonuses to your account instantly and let you trade. If you win, you only can withdraw that bonus when you have completed up to 10 lots. The second conditions is that you can still withdraw the profit in spite of the fact that some brokers don't allow to withdraw bonus.

Remember! Everything become easier if brokers let you withdraw bonus profit unconditionally. For me, Exness is the top choice for forex bonuses.

Read more : THE PERFECT FOREX BROKERS FOR BEGINNERS

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.
21.09.2018.

THE PERFECT FOREX BROKERS FOR BEGINNERS

BRKV - I feel very happy when I heard that some traders are looking for the perfect forex brokers for beginners because they don’t find that the best forex brokers are not good enough for them. As many previous articles, it shows that ECN accounts not good for you either. If you are thing of searching for a perfect broker, it means that you are very serious with your trading career. There are many different stages in your trading path, each stage inquires the best brokers for you. When you develop into a higher level, you will be willing to find another broker who are suitable with your trading strategies.

THE PERFECT FOREX BROKERS FOR BEGINNERS

I list down below three best forex brokers for your reference:

XM.com:    9/10

Exness.com:    9/10

FBS.com:    8/10

  1. Beginners’ misunderstandings

When writing about Cent account, I have mentioned about the forex demo account which is very best in beginners’ perspective. But actually it is not right at all, demo account is not good enough for beginners and has negative effects as well. Instead Cent account is the best suitable one for beginners.

If you are a trading beginner, don’t sign in any ECN account because it is just suitable with experts or professional traders and unstable as well. There are many slippages and gaps if you trade with this account. In addition, you should not invest too much money at the beginning point because 95% of beginners lose their money at that time. Beginners can win 50% -100% profit or even up to 10,000% however 99.9999999% of them will lose all later. With many years of working with big brokers and researching their data, most beginners lose their money if they have the profit rate over 10%. Instead they should only keep it at 3 – 5% monthly.

All experts don’t often trade within the news release time, but they will close/ open about 15 minutes before/ after the release time. It is also an experience for beginners.

  1. Wrong knowledge about the perfect brokers for beginners

When I just begin my first trading, I thought that I should trade with best forex brokers which is much helpful for me but I lose much money at that time. So I got a thing that there is no definition of “best”. In the forex xafs, there is only “the most suitable broker”. So if you want to choose you most suitable broker, you should clarify your trading strategies, your experiences or your country’s trading conditions. So you are a beginner, you must spend time learning as much as possible and minimizing your loss.

  1. Standards of the perfect brokers for beginners

  • Low deposit: not like experts who care about brokers’ credit, trading cost and brokers’ quotes, beginners only deposit a small number of deposit so there is no brokers wanting to cheat you. Brokers want to attract more traders so they offer traders the best trading conditions. So I highly recommend you to deposit less than $100 for this stage (3 months) because you just trade a little money so you don’t need to care about the trading cost.

  • Small trading lot requirements: As I mentioned before many beginners have lost much money at the beginning point, so they should deposit as small as possible to avoid any big loss. Many brokers offer Micro accounts which you can open positions as small as 0.00001 Lot USD such as XM while Exness and FBS also have Cent accounts whose minimum lot trade is only 0.0001 USD. Moreover, when you trade with Cent and Micro accounts, you only deposit $10 for practicing and you are able to withdraw the money if you win.

  • Easy: both forex and trading system are very complicated. So what beginners should do is to simplify everything. And  below is my advices:

  • Choose the easiest brokers.

  • Trading by web trade/ web terminal at the beginning. Trade MT4/MT5 later.

  • Deposit by Visa/ Master at the beginning because it is much easier than other payment methods.

  • Good local support: Local support here means that the supporter must use traders’ native language. As you know that beginner would meet some difficulties during process of login, installing MT4, 3D security of Credit Card, etc. It would be easier and faster if brokers have their own local supports using each country’s official language.

  • Trusted brokers: actually trusted brokers is just the most important factor for expert and professional traders only. This factor is ranked fifth for beginners. Because they only deposit ten dollars top so there is no brokers who want to cheat their small money so they don’t need to care about brokers’ prestige. They just need to trade with any brokers as long as they are easy and convenient for those traders. And then when beginners have enough knowledge and qualification, they want to invest more money so at that time, they should change to more reliable broker.

CLICK HERE TO LEARN MORE ABOUT BEST FOREX BROKERS

  • Good training and coaching programs: Some brokers have weekly and monthly training courses and programs, which provides much benefits for beginners. Most of them will ask you to invest a bigger amount of money, but you should not do that. If these brokers are not listed in trusted forex brokers in 2018. In contrast, you should sign in an account to trade and just invest a small of money, learn and then change better broker after the training courses.

  1. Top 3 best forex brokers for beginners

XM.com:     9/10

Exness.com:     8.5/10

FBS.com:     8/10

XM and Exness are in the top biggest forex brokers so they are reliable for beginners. But XM is much better than Exness because they allow traders open smaller positions (0.00001 lot USD) and provide many helpful training courses.

CLICK HERE TO LEARN MORE ABOUT EXNESS REGULATIONS

Instead Exness is the biggest retail forex broker and offers Cent account for beginners. With this account, traders can open positions as small as possible 0.0001 USD. Moreover, Exness also provide the best local support service and payment systems. CLICK HERE TO KNOW ABOUT EXNESS CENT ACCOUNT.

FBS also offer Cent account and provide local support and good payment systems. However they only provide good services in some countries in Southeast Asian countries where they have local offices such as Indonesia, Thailand and Vietnam.

  1. Should beginners join demo contest for practicing?

We think that demo contest is organized for beginners, however winners of these contests are professional traders. Most of them who are Chinese, Thai and Indonesia are using robot to trade in demo contest. Their profitable rate is up to 10,000%. In contrast, beginners won’t have the same win rate as expert so don’t waste of time to trade with demo contest trading strategy. Because its demo strategy is focusing on profit and ignoring risks which is opposite to the normal trading strategy.

  1. Whether beginners should get welcome bonus?

Welcome bonus is good for traders at all but brokers without welcome bonus is still good for traders. Because it is very difficult to withdraw bonus and profit. This bonus is very little but some brokers inquire some conditions to withdraw like you must deposit and complete enough number of Lots which leads to your loss.

  1. Advices for Beginners

If you are a beginner, you should begin to:

  • Trade Micro/ Cent account.

  • Don’t deposit more than $100 for the first month.

  • Learn risk management.

If someone ask you to deposit more tens of thousands of dollars and give you high percentage of profit. I recommend you not to do that because I experienced it many times with many different brokers already. The higher profit, the higher risk. You will win several months or some years but eventually they will lose all.

If someone promise to give you robot for trading. It is not good to receive because robot is just suitable with experts because they set up robot to follow their trading strategy and must be adjusted frequently. So you just manually trade until you have enough qualification to use automatic tools to help you in some parts of your trading.

Read more : ALL THE BEST FOREX WELCOME BONUSES

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.
21.09.2018.

ALL THE BEST FOREX WELCOME BONUSES

BRKV - Any new trader in the xafs would always struggle to search for suitable forex welcome bonus programs offered by the best brokers. Therefore, the aim of this article is to help you find out about all the nook and cranny of forex bonus types in this undoubtedly complicating xafs. Overall, this writing will cover these main topics:

  1. All welcome bonuses

  2. Standards of good forex welcome bonuses

  3. Types of forex bonuses.

  4. Is it possible to withdraw forex bonuses?

  5. Good bonuses vs low spread.

  6. Top 4 forex bonuses.

  7. Forex bonus cheating.

Despite the attractive deals, welcome bonus are not everyone’s cup of tea since they acknowledge that many disadvantages usually come along with bonuses. Nevertheless, a majority of traders still like forex bonus since it enables them to reduce their trading costs and minimize their trading margins. Some can even hack into their bonus programs to withdraw profits. This article will also provide some exclusive hacking techniques for you, so stay tuned until the end.

  1. WELCOME BONUSES

Welcome bonus is one of the most popular bonuses since this bonus type is very beneficial for new traders in general. Here is the list of reliable brokers that offer welcome bonuses:

XM => Get bonus.

FBS => Get bonus.

FXTM => Get bonus.

Note that XM is a more reliable broker. Besides welcome bonus, they also offer deposit bonus at a 100% rate

  1. STANDARDS OF GOOD FOREX WELCOME BONUSES

Easy withdrawal conditions

Theoretically, it is impossible for traders to withdraw their bonuses. They can only withdraw profits that they won from bonus trades. Yet in reality, some brokers allow their clients to withdraw profits with one condition: Traders have to complete the minimum number of lot trades. I will list out a few trading conditions offered by the best forex brokers for you to compare:

  • XM withdrawal condition is relatively easy, since traders only need to complete 0.1 Lot to withdraw all profit.

  • FXTM has a reasonable withdrawal condition, as traders have to complete 1 lot to withdraw profit.

  • FBS has a total of 123 bonus programs. Traders can receive up to 123$ welcome bonus. For each trading lot, a trader can withdraw 3$ profit.

For example: After 7 days trading, you will win 60$. In order to withdraw that 60$, you have to trade at least 20 lot.

FIND OUT MORE ABOUT FXTM HERE.

High welcome bonus value

Welcome bonus is very beneficial since beginners can use this amount of money to test their trading methods and observe the operating system of their brokers. Here is the list of brokers that offer high welcome bonus value:

  • FBS offers the highest welcome bonus Value: 123$.

  • XM and FXTM offer the same welcome bonuses value: 30$

Reliable forex brokers

Take note that besides the amount of bonus, you must also take into account the reliability of the broker offering bonus programs. Among FBS, XM and FXTM, XM is in fact the most reliable forex brokers and they are also the most suitable forex broker for beginners.

LEARN MORE ABOUT XM HERE.

ALL THE BEST FOREX WELCOME BONUSES

  1. TYPES OF FOREX BONUSES

Basically, there are 3 types of forex bonuses: Welcome bonuses, Deposit bonuses, and Lot Back bonuses.

Welcome bonus (or non-deposit bonuses) is offered to new registrations. To attract more registrations from new traders or even competitors’ clients, brokers usually offer from 30 – 50 dollars welcome bonus for first-time registers. This type of bonus can attract a lot of beginners or bonus cheaters. Beginners tend to use this bonus amount to test the broker’s trading conditions and observe the efficiency of their trading strategies. Meanwhile cheaters would create as many accounts as possible to get these free bonus, then trade and withdraw the profit.

Deposit bonus is offered to new deposits. These bonuses are calculated based on percentages of trader’s deposit amount (for example: 20%, 50%, or 100% of the total deposit). Brokers purposely offer these bonuses to encourage traders to deposit more or even reactivate their accounts in case they have stopped trading. Some brokers offer this bonus to first-time deposit as well.

Lot back bonus are a part for the loyalty program. After finishing 1 lot/transaction, an amount of money will be automatically rebated to your account. The rebate amount depends on your trading currencies, account types, and trading time. Professional traders are fond of this bonus type since it enables them to minimize their transaction cost.

For example: XM’s spread for EUR/USD is 1.4 pip, and they will lot back $3 for each completed trading lot. In other words, you only have to pay $11 for each EUR/USD lot instead of $14 as the original spread.

  1. IS IT POSSIBLE TO WITHDRAW FOREX BONUSES?

To answer the question, we must take into account the bonus withdrawal conditions. Basically, there are two main withdrawal conditions:

  • 1st condition: Traders can withdraw bonuses after completing a certain number of trading lots.

For example: After depositing or registering 1 lot for the first time, you will be able to receive an amount of $50 bonus and you can start trading after that. However, you have to complete trading 10 lots in total to withdraw that bonus.

  • 2nd condition: Traders can withdraw the profit instead of bonus.

Certainly, it would be much easier if brokers allow traders to withdraw bonus profit without any conditions demanded. As long as brokers require a certain number of lots to be completed, it is very difficult to withdraw. In fact, you even have to pay more than the bonus value to complete those required lots.

  1. GOOD BONUSES VS LOW SPREAD

Despite acknowledging the benefits of forex bonuses, I would not regard it as the most important condition to choose a broker. Beginners should always keep in mind that the priority condition when it comes to choosing a broker is their credibility.

LEARN MORE ABOUT THE MOST RELIABLE BROKERS HERE.

This is my procedure to choose a good bonus:

  1. List down 5 reliable brokers which are suitable for you.

  2. Choose the broker that have the best bonus program. Since these brokers are already reliable, it is a plus point for them to have attractive bonus programs.

  3. Trade and get bonuses.

FIND OUT MORE ABOUT THE LIST OF BEST BROKERS HERE.

  1. TOP 4 FOREX BONUSES

Base on procedure above, I will list down the 4 best forex bonuses:

  • Best welcome bonus: 30$ welcome bonus of XM >> Check detail here.

  • Best welcome bonus: 50$ welcome bonus of FBS >> Check detail here.

  • Best deposit bonus: 100% deposit bonus of XM >> Check detail here.

  • Lot Back Bonuses: Rebate 2 - 16$ per lot of Exness >> Check detail here.

  1. FOREX BONUS CHEATING

To be frank, you can only cheat welcome bonuses and here are the two most popular methods:

  1. In the first method, traders need to create many new accounts to get welcome bonuses. After that, they need to hedge 2 accounts together, which means 1 win account and 1 loss account. By doing this, they get 50% win chance. This cheating method can only be applied to brokers who allow you to withdraw bonus profit without conditions.

  2. In this method, cheaters also need to open many new accounts to get welcome bonuses. After that, they can use the high leverage to open very big positions and hedge them with other accounts to make sure the win rate is 50%. High leverage brokers would be suitable for this type of cheating.

LEARN MORE ABOUT LEVERAGE RATE HERE.

Read more : CRITERIA FOR CHOOSING THE MOST RELIABLE BROKERS FOR ASIANS

Hey there, this is Fanara Filippo. I'm the author of this article and I'm currently collaborating with Brokerreview.net, or BRKV in short. My articles are mainly for forex traders from Thailand, Indonesia, India, Bangladesh, and South Africa.
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