Trading app bonus

As I have mentioned above, the vantage FX bonus is a 50% bonus up to $250, this means that you will receive 50% more than you deposit up to a deposit amount of $500 ($250 is half), after this level, you will receive the maximum of a $250 bonus.

No deposit forex bonuses

Vantage FX Bonus: Get a 50% Deposit Bonus up to $250, trading app bonus.

For example, you will only receive $250 extra bonus amount if you deposit $2,000. I’ve taken a look and here are the most important things to note in my opinion:

Vantage FX bonus: get a 50% deposit bonus up to $250

Vantage FX is a global trading platform for forex, stocks, commodities and more. Get the latest vantage FX bonus below.

What is the vantage FX bonus?

The vantage FX bonus is a fairly generous one which gives you 50% on top of your first deposit up to the value of $250. This bonus is classed as a ‘welcome bonus‘ and is available to everyone.

How to claim the bonus?

Claiming the vantage FX 50% welcome bonus is easy and can be done in 4 easy steps.

Open a live vantage FX account here

Make a deposit

Claim bonus using opt-in form

Start trading

bonus steps (source)

Do I need a bonus code?

Unlike many other brokers, you do not need a bonus code to claim the deposit bonus on vantage FX, the bonus is automatically applied to your account.

How much is the bonus?

Here’s a table of the bonus amounts you will get on your deposit onto vantage FX:

Deposit amount	bonus
$300	$150
$400	$200
$500	$250
$500+	$250

Is there a minimum deposit amount to get the bonus?

Yes, the minimum deposit to get the bonus is the same as the main minimum deposit on vantage FX; $200. You can read more about this in our full vantage FX review.

Important info about the bonus

As with any trading bonus, it is important to take a look at the small print in order to determine whether or not the bonus has any hidden terms we should know about.

I’ve taken a look and here are the most important things to note in my opinion:

The opt-in form must be completed within 10 business days after depositing

Eligible on valid MT4 STP accounts only

Can only be redeemed once per account

Conclusion

The welcome bonus offered by vantage FX is simple and easy to claim. I also like how transparent they are with the offer. If you’d like to learn more about the 50% welcome bonus on vantage FX, see this page: https://www.Vantagefx.Com/claim-up-to-50-per-cent-bonus/.

Have you got any experience with this offer that you would like to share? Leave a comment below.

Trading 212 review

Welcome to the tradingapps.Org review of the trading 212 app & platform. Before we jump into the review, I want to personally recommend trading 212. It has received a 5* rating in the tradingapps.Org rankings and is fully deserved. This top-class trading platform caters to everyone from beginners right through to advanced traders – you’d have to go a long way to find a better app for trading forex, crypto, stocks, indices & commodities all in one place.

Introduction

What is trading 212?

Trading 212 is a global trading platform which offers 3 main account types; CFD, investment & ISA. Trading 212 is one of the most popular trading apps having been downloaded over 14 million times. You can trade everything from forex, crypto right through to commodities and stocks/shares all on one app.

Features

Free trading

Price alerts

Demo account

IOS & google play apps

Live chat

Stop loss, take profit & OCO orders

Trust & safety

Is trading 212 safe?

Yes. Trading 212 is a regulated broker in several countries and provides high levels of account security. However, it is important to note that trading cfds is high risk and your capital is at risk. We have listed some of the main safety features of trading 212 below.

Regulated by FCA

Dedicated 24/7 security operations center

Frequent penetration tests and scans

Trading & account

What can you trade on trading 212?

Account types

Trading 212 offers 3 main account types which are listed below.

Trading 212 invest – free investing in real stocks & etfs

Trading 212 CFD – trading account for stocks, forex, crypto and more

Trading 212 ISA – tax-free investment account for stocks and shares ISA

Trading 212 invest account

This trading account offers free investing in 2000+ real-stocks & ETF products.

Zero commission trading

No maintenance charges or hidden fees

Direct execution

Smart routing

To get started with a trading 212 invest account, click here.

Trading 212 CFD account

Trading account for forex, stocks, cryptocurrencies, commodities & indices.

0% commission

Tight spreads

Stop loss & take profit

Negative balance protection

No hidden fees

To open a trading 212 CFD account, click here.

Trading 212 ISA account (GBP only)

Tax-free ISA account for real stocks & shares.

£0 commission

Tax-free

FCA regulated

Protected by the FSCS up to £85,000 GBP

To open a trading 212 CFD account, click here.

Logging in to trading 212 is really simple and easy – all you need are you main login details which includes the email address you used to sign up and the password you created upon sign up.

Unfortunately there isn’t a 2FA option for login, but this is something that may be added in the future.

Leverage

Trading 212 offers leverage on many of its products. Leverage essentially means that you can trade with more than you deposit. This can increase profits but also increase loses.

Retail account holders can trade with up to 30x their margin (balance) and professional accounts can trade with up to 300x leverage. The leverage you can use depends on the instrument you are trading, see the full list of margin requirements here.

How to open a trading 212 account

Follow the instructions below to open an account on trading 212.

Click here to go to the verified trading 212 site and the tap the ‘open an account’ button.

Fill in your personal details as required.

Select the account types you wish to open (you can do more than one).

Read through the warning and accept if you so wish – if not, feel free to leave the site and not open an account.

Choose which currency you would like for your account.

Provide financial details

Enter your financial details. You may be asked about income, savings and source of funds.

Provide employment information

Tell trading 212 about your employment status.

Enter experience information

Answer questions about your trading experience.

Read through the terms & policies and then click ‘I confirm’ if you wish to proceed.

Enter your email address and a password you would like for the account (remember to keep these details safe as these are what you will need to sign in to your trading 212 account.

You’re in! Go to the top left and select ‘deposit funds’ or alternatively, click here.

Demo account

The popular trading app; trading 212 offers a demo account for 50,000 EUR/GBP/USD which lets you use all the features of the platform without depositing anything.

Trading 212 offers some of the world’s lowest trading fees. See below for more details on the fees.

Trading 212 invest account fees

deposit fees	0
withdrawal fees	0 (except bank transfers)
equity trading fees	0
currency conversion fees	0
overnight position	0

trading 212 CFD account fees (forex)

deposit fees	0
withdrawal fees	0 (except bank transfers)
currency deals	0
currency conversion fees	0.5%
overnight position	daily interest SWAP (instrument specific)

trading 212 CFD account fees (stocks & indices)

deposit fees	0
withdrawal fees	0 (except bank transfers)
currency deals	0
currency conversion fees	0.5%
overnight position	daily interest SWAP (instrument specific)

trading 212 CFD account fees (commodities)

deposit fees	0
withdrawal fees	0 (except bank transfers)
currency deals	0
currency conversion fees	0.5%
overnight position	interest SWAP calculated on position (short or long)

trading 212 ISA account fees

deposit fees	0
withdrawal fees	0 (except bank transfers)
currency deals	0
currency conversion fees	0%
overnight position	0

Deposit & withdrawal

Deposit methods

Visa

Mastercard

Maestro

Apple pay

Google pay

Skrill

Bank wire

How to deposit on trading 212?

For the trading 212 desktop app (laptops & computers): go to your account (top right) and then select ‘DEPOSIT FUNDS’ and then select your method of deposit and proceed.

For the trading 212 mobile app (iphone, samsung etc.): go to your account by clicking ☰ in the bottom right hand corner, then select ‘DEPOSIT FUNDS’ and proceed with your deposit.

Minimum deposit

The minimum deposit on trading 212 varies by the account type. See the table below for more information.

Trading 212 minimum deposit

account type: trading 212 invest	minimum deposit: 1 GBP/EUR/USD
account type: trading 212 CFD	minimum deposit: 29 GBP/EUR/USD
account type: trading 212 ISA	minimum deposit: 1 GBP

Are there any deposit fees on trading 212?

No – there are no deposit fees on trading 212 whatsoever.

Withdrawal methods

Visa

Mastercard

Maestro

Apple pay

Google pay

Skrill

Bank wire

How to withdraw from trading 212?

For the trading 212 desktop app (laptops & computers): go to your account (top right) and then select ‘WITHDRAW FUNDS’ and then proceed with your withdrawal.

For the trading 212 mobile app (iphone, samsung etc.): go to your account by clicking ☰ in the bottom right hand corner, then select ‘WITHDRAW’ and proceed with your withdrawal.

Minimum withdrawal

The minimum withdrawal on trading 212 varies by the account type. See the table below for more information.

Trading 212 minimum withdrawal

account type: trading 212 invest	minimum withdrawal: 1 GBP/EUR/USD
account type: trading 212 CFD	minimum withdrawal: 29 GBP/EUR/USD
account type: trading 212 ISA	minimum withdrawal: 1 GBP

Are there any withdrawal fees on trading 212?

No – there are no withdrawal fees on trading 212. On the other hand, you may be subject to a small banking fee if you use bank transfer to fund & withdraw from your account. For more info on trading 212 withdrawals, go to this page.

Bonuses & promotions

It is common for trading apps/brokers to offer bonuses and promotions for new & existing customers. Trading 212 is no exception! They often run rewarding promotions for customers with little to no deposit required. Get the best trading bonuses here.

Customer support

Trading 212’s customer support is top-notch – they have a live chat on the desktop and mobile apps as well as a dedicated phone line and email address which you can use. Overall – their support is first class and therefore has a 5* rating from tradingapps.Org.

Trading 212 faqs

Trading 212 app

Trading 212 has a mobile and desktop app. The mobile app is available for IOS & google play. It is one of the most popular trading apps with over 14 million downloads. See the following guides to get started with the trading 212 app.

Download trading 212 app for iphone

Follow the instructions below to download the trading 212 app for iphone.

Go to the app store and search ‘trading 212‘

Select ‘trading 212’ and click ‘get’

Open the app & enter your login details that you created in step 1

Deposit & start trading

Download trading 212 app for ipad

Follow the instructions below to download the trading 212 app for ipad.

Go to the app store and search ‘trading 212‘

Select ‘trading 212’ and click ‘get’

Open the app & enter your login details that you created in step 1

Deposit and start trading!

Download trading 212 app for android

Follow the instructions below to download the trading 212 app for android (google play).

Open a trading 212 account

Go to the google play store and search ‘trading 212‘

Select ‘trading 212’ and click ‘install’

Go to the app from your device home screen

Enter your login details from step 1, deposit and start trading

Conclusion

To conclude; trading 212 is an exceptional trading platform & app for every trader which offers a wide range of professional yet easy-to-use features. Don’t want to take our word for it? Check it out for yourself by opening a FREE demo account today.

5 trading apps with free bonuses

Who doesn’t love a great bonus? We do. We’ve complied the best trading apps with free bonuses so that you can start your trading off with a bang.

Let’s have a look at the best free bonus trading apps.

1. Moomoo

Best for: US stock traders & investors

Bonus: 3 free stocks (up to $1,250)

Moomoo offers a great free bonus offer for new registrations. You can grab 3 free stocks valued up to $1,250.

2. Currency.Com

Best for: crypto traders

Bonus: up to $100

Currency.Com is a free, regulated trading app which gives you a random bonus of up to $100 USD value when you sign up, complete verification and make a deposit.

3. Coinbase

Best for: cryptocurrency enthusiasts

Bonus: $10 free bitcoin

Free bitcoin? Why not! Coinbase offers a $10 free bitcoin bonus offer to new registrations who use an invite link to sign up. The bonus is deposited into your coinbase account.

You have to trade at least $100 of cryptocurrency to get the $10 bonus. After you get the bonus, you can trade it or withdraw it to your bank account or paypal.

4. Webull

Best for: US traders

Bonus: 2 free stocks (up to $1,400)

Webull is a popular alternative commission trading app. When you deposit any amount, you will get 2 free stocks worth up to $1,400 – cool right? The difference between this bonus is the value – it’s up to a huge $1,400. Will you be lucky? Find out by grabbing your free stocks today.

You can sell the free stocks and withdraw them directly to your bank account.

Best for: anyone

Bonus: free VPN

XM is one of the world’s leading CFD trading apps. They’re currently running a neat promotion which gives you a free trading VPN – don’t miss out on it! Sign up for a free XM account today.

Summary

There are a ton of awesome free bonuses on trading apps, it’s hard to choose the best ones, but these are our personal favourites.

There’s no limit to how many bonuses you can redeem you can get, so why not try them all?

Here’s our final roundup of the best free bonus trading apps.

Currency.Com: best overall

Moomoo: best for advanced traders

Coinbase: best for cryptocurrency traders

Webull: best for US traders

XM: best for everyone

Have you seen any other awesome free trading bonuses? Let us know in the comments!

About us

Trading apps is your trusted guide to the world of trading on mobile applications. We test and review hundreds of trading apps to bring you the best. Learn more about us on our ‘about‘ page.

Best trading apps: 2020 list

As you can see, etoro has topped our list as the best trading mobile app overall, grabbing an incredible 4.9/5 rating; this is due to its incredible versatility, social features and worldwide reputation. With regards to the other apps which made it to the top 10, they vary in terms of strengths, weaknesses and features – for example; XM is one of our top forex & CFD apps, and capital.Com is a brilliant mobile app for exchanging cryptos. Overall, the most important thing for us when looking at the best apps is whether or not they are regulated by bodies like the FCA, SEC, FINRA, mifid, cysec.

Best online trading apps 2020

You can download all of the following mobile apps from online brokers for free.

Etoro: best overall trading app

Capital.Com: best for global cfds

Moomoo: best for US stocks

XM: best for worldwide trust

Plus500: best for active traders

City index: best for customer service

Robinhood: best for free stock trading

Freetrade: best for stocks/shares UK

TD ameritrade: best for US stocks and etfs trading

Forex.Com: best for forex

What is a trading app?

A trading app is a mobile application which you can use to trade different markets. These apps are usually free and serve as an addition to the main platform offered by brokers. In this guide, we’ll be taking a look at the different available types of mobile platforms and answering some of the most commonly asked questions.

Types of trading apps

Not all mobile trading platforms are the same. They vary in terms of what you can trade, where you can use them and regulation. Let’s now take a look at some of the different types of mobile trading platforms out there.

Stock trading apps

Stock apps are mobile trading applications which allow you to buy and sell stocks which are investments in certain companies which sometimes pay out dividends and thus can act as a form of passive income. Stock trading apps are popular as they offer the general public with a way of profiting from the economic growth of companies. If you think a company will do well in the future, you can put your money where your mouth is by buying their stock using stock trading applications and then selling it if/when the price of the stock goes up. If you live in the united states, I would recommend that you use either TD ameritrade, robinhood, charles schwab or the E-trade stock app for stock trading. If you live in the UK, I would recommend freetrade stocks app for free trading. For global stock trading, our favourite mobile trading mobile app is etoro, although etoro is a CFD trading platform, so you don’t actually own the stocks, but you can still profit on them.

Forex trading apps

Currency (foreign exchange) trading is another popular type of trading globally. One of the main reasons people like trading forex is that unlike stock trading, you can trade forex 24 hours per day, 5 days per week – therefore there are far more opportunities to trade the market. A lot of people who trade stocks turn to forex after the stock market closes for the day. Forex trading platforms aren’t too dissimilar to the other apps listed on this site, the only difference is that most of them connect to a mobile app called MT4 which is basically the standard for forex trading. That being said, there are some forex apps which have native charts – these are my favourite. Forex trading is more global and in some cases, easier to do than stock trading. If you’d like to have a go trading some forex on mobile apps, then I recommend you check out forex.Com or XM – both are 2 of our top favourite forex brokers. You can also check out our full list of the top forex apps.

CFD trading apps

Cfds, also referred to as ‘contracts for difference’ are financial instruments that you can trade through a variety of different broker firms. They allow you to profit from price movements of stocks, commodities (like oil for example), indices, shares, forex and more – all without having to buy or sell the underlying asset. CFD trading platforms are one of the most common types, as they provide an easy way to trade anything all from one app. As you might have noticed from the list above, our best global CFD mobile app is capital.Com, although etoro also provides a huge range of cfds globally too, and has a nice feature which lets you copy other traders.

Bitcoin & crypto trading apps

The meteoric rise of cryptocurrencies in 2017 led to a severely increased interest in the crypto markets. You can trade popular cryptocurrencies like bitcoin, ethereum and XRP on several mobile trading platforms all over the world now. There are two main types of crypto trading, one involves actually buying/selling cryptocurrencies (spot trading), and the other involves exchanging contracts based on the price of cryptocurrencies (similar to cfds) rather than physically owning them – this allows you to use something called leverage which can increase profits, but also losses. We’ve put together a list of our top bitcoin apps, but to summarise, our favourite mobile crypto exchange platforms are currency.Com for contract trading and binance for spot trading.

There are other types of trading, including options, mutual funds and etfs – but there are only so many that we can include in one list, so we kept it to the most popular and beginner-friendly types of trading.

Are trading apps legit?

The majority of trading apps are legit, however, that being said, there are some illegitimate ones floating around. This is one of the main reasons we started this site; to help you find only legit and trusted apps.

Trading app of the month (january, 2021)

Capital.Com

Capital.Com is trading apps trading app of the month due to its varied asset options, competitive fees and ease-of-use for newer and the most experienced traders.

– 0% commissions
– free sign up
– beginner-friendly
– educational courses
– fast orders

No deposit bonuses

The term "no deposit" refers to the fact that you can open a forex no deposit account to benefit from a free money trading bonus. The purpose of this is to give the broker a promotional edge and attract new traders. A no deposit bonus means that you can trade on the platform before you decide whether or not to make a real money deposit.

Many forex brokers are offering this incentive. The amounts they offer will vary, and it will take time to search for the one that offers what you are looking for. In addition to the free bonus it is useful to find one that offers a demo account. This way you get lots of chance to practice before you risk your own money.

We spend our time reviewing the various brokers so if you don't have time to trawl through the best forex brokers, fear not! Our team are experienced in forex trading. They know what to look for, what makes a good broker and what you need. Select from our list of recommended brokers and choose the one that best suits your needs.

In this article, you will learn:

Top rated forex sites

Risk warning: the products offered by the companies listed on this website carry a high level of risk and can result in the loss of all your funds. You should never risk money that you cannot afford to lose.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

How to use your bonus

When you open a forex account, you should have a clear trading strategy. You might find that those that offer forex bonuses don't provide a demo account and vice versa. If you can find one that provides both and ticks all of your other boxes then this gives you a good start. So how should you use your forex no deposit bonus?

Testing the platform

While you may be able to sign up for a free demo account and should if, given the opportunity, there is nothing like trading on the live platform, making real trades. The no deposit forex bonus allows you to try out the desktop and mobile versions of the site before you deposit your funds.

Comparing brokers

You may be stuck between two brokers and struggling to decide which one is for you. If they both offer a no deposit bonus, you can try them both to see which one you prefer. That way you haven't had to spend your money to find out which best suits your requirements.

Try something new

If you have experience in trading the USD/GBP for example but not the USD/AUD, then you may want to use your free bonus to try this new currency pair. You may be used to investing in the more major pairs and fancy trying a pair where you might get a greater spread. Tropical pairs, as they are called, are often very profitable.

Practise early trades

While a no deposit bonus won't be huge, it does allow you to practise on those first few trades and get any early mistakes out of the way before you risk your own money. This way, when you eventually start investing with your real money, you have more of an idea of what you are doing.

You can use the demo account to get used to trading on the platform and then you can use the bonus to make live trades. This is all before you even consider touching your own money. The two complement each other to provide you with the best trading experience.

I'll find you an awesome forex site in seconds. Ready to go?

What type of device do you trade on?

What style of financial bonus suits you best?

How fast do you want to withdraw profits?

What amount are you thinking to deposit?

I'm checking 75+ sites to find your best match.

Ad disclosure: some of the links that you will find on this website are advertisements for which we do receive financial gain for referring new customers.

Why brokers offer deals

Forex bonuses are probably the most significant promotion that a forex broker offers. Along with this form of incentive you will also see match deposits, demo accounts, refer a friend and several other incentives. They are all designed to give the broker the edge and make them stand out from all the other companies. It can be a very competitive environment with everyone trying to corner the market and be the best.

The trouble is there is only so far that they can go. While one broker might offer a massive no deposit forex bonus, another broker might provide an excellent demo account. When looking for the right broker for you there will be many different choices with quite a complex range of forex bonuses. From $5, $10, $20, $25 to amounts stating "up to $1,500" bonus, it can be hard to know where to begin. Each broker tries to differentiate themselves in any way they can.

This is good news for you as a trader. It means that there is plenty of choices when you are searching for the perfect broker. If you can find a broker that offers a forex no deposit bonus to use on your live account, a demo account, and one that has a mobile app and a website that provides plenty of education tools then you have pretty much everything you need. Of course you must make sure that they are trustworthy and reliable as well.

Online trading 24/7

Trade forex, commodities, stocks and options in seconds.

Fast trading

Fixed payout based on simple up or down prediction in as little as 3 seconds!

Practice with
free account

Practice trading with replenishable USD
10,000 virtual money in your demo
account

How it works

Open account

Open real money account and fund it. More than 18 payment methods accepted.

Trade

Trade forex and commodities options, stock indices and volatility indices.

Withdraw

Withdraw funds from your account at any time.

Licensed & trusted trading platform

Get the bonustrade app

Start trading now! Free practice account, no sign up required.

Trading insights from our blog

Two ways to tick trade profitably with moving average

Can you get a systematic advantage in tick trading?

Optimum duration for tick trading: 1 tick or 5 ticks?

Risk warning

The products offered by the bonustrade app include binary options. Trading with real money involves a significant level of risk and may not be suitable and/or appropriate for everyone. Please make sure you carefully consider your trading objectives, level of experience and risk tolerance before trading with real money as it could result in the total or partial loss of your trading funds. Therefore, you should not trade with funds you cannot afford to lose. You should be aware of and fully understand all the risks associated with trading binary options and seek advice from an independent financial advisor if you have any doubts.

Privacy overview

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Bonus

Day trading with bonus funds can give your account a boost. From no deposit bonus schemes to explaining why free bonuses are usually not free at all, we explore the bonus and promotion offers at a range of brokers. We detail the types of bonus available, why forex trading bonuses might differ and which strategy can maximise bonus returns. We also reveal why the key to bonuses is always to read the terms and conditions…

This page also lists all bonus offers and similar promotions available to traders in the united kingdom 2021.

Bonus offers january 29 2021

What is a bonus?

A bonus provides you with free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.

There are different types of bonus offers and requirements for getting the bonus paid out to your account. We detail these below.

No deposit bonus

The “no deposit bonus” is the most lenient of bonuses, as it does not require you to deposit any funds at all before you get the bonus. Normally a broker wants you to at least deposit some funds with them before you can get your bonus, but with a “no deposit” bonus they allow anyone to get the bonus after creating a new account.

Note that there might still be requirements to fulfil before you can get your trading profits paid out, and those requirements might be stricter for this kind of bonus than for others. Normally you have to trade a certain total volume before you can withdraw the profits derived from the bonus money.

Considering how generous it is to hand out free money to new traders, that makes a lot of sense. Make sure you are ok with those requirements before you sign up.

Welcome bonus

A “welcome bonus” is a way to reward new traders who sign up for an account, to make them feel welcome and to make it easier for new clients to start trading right away. A welcome bonus might require you to make a deposit, so make sure you agree with the bonus requirements before you sign up.

Deposit match bonus

The “deposit match bonus” will match a percentage of your deposit, up to a certain maximum amount.

For example, if the bonus is a 30% match up to $5,000, and you deposit $1,000, you will get an additional $300 from the broker ($1,000 * 30%). With this example offer the most you can get is $5000, which you would get when depositing at least $16,667 ($16,667 * 30% = $5,000). Even if you deposit more than that, you will still only get the maximum $5,000.

Note – we have seen alternate definitions of the maximum amount, where 30% match up to $5,000 would rather mean that even if you deposit more that $5,000, you will only get the 30% paid out on $5,000. In other words, the maximum amount pertains to the maximum deposit on which you will get the 30% bonus, and NOT how much bonus you can maximally get.

OBS! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.

Considerations

Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is ok, while to others it becomes a source of frustration.

Due to bonus abuse by many unscrupulous traders, the requirements have by necessity become so strict that you might be better off without one. However, it’s impossible to give individual advice, as it comes down to how much money you want to trade with and how long you can wait before you make a withdrawal.

In the long run a bonus will not make a huge difference to many traders, and might make things feel more complicated and thus spoil the joy of trading. Only use a bonus if you feel it makes sense to you personally.

Do I have to accept a broker's trading bonus?

Normally you don’t have to accept a bonus deal just because a broker is offering one. You might have to explicitly opt out of a bonus however, so make sure to check the terms and conditions when signing up.

Is a bonus basically free money?

While a bonus offer can sometimes sound like free cash with no requirements involved, there are always terms and conditions attached. If this wasn’t the case, what would stop dishonest traders from just withdrawing the funds without trading?

Best forex trading app of 2021: trade and invest on your android or iphone

What are the best forex trading apps to trade from your smartphone?

The best forex trading apps have become increasingly accessible through the use of apps for mobile devices, such as smartphones and tablets.

This is especially useful when, in today’s interconnected world, the foreign exchange market plays an important role in daily business. It’s a global, decentralized environment where financial institutions and businesses can trade currencies.

According to research from the bank for international settlements, forex trading generates an estimated $5.3 trillion daily - making it larger than other financial markets. Often, it’s dominated by large international banks and corporations, which work around the clock to trade and convert international currencies.

Forex trading also underpins international trade and investments. For instance, if american companies want to import goods from a country in europe, they’ll most likely need to complete transactions in euros. Through forex, these firms can exchange dollars for euros quickly and easily.

As well as enabling trade between countries, forex trading is a lucrative investment opportunity. Every day, companies and investors make billions by purchasing and trading currencies. However, it does take a significant amount of experience and skills to make forex trading work.

That’s where forex trading platforms comes into the picture, automating this common business practice. Essentially, these will search through the market for the best currency trading opportunities. And in this article, we’ve picked out the best forex trading platforms around.

20 best forex bonuses for 2020

As forex trading goes mainstream attracting forex trade enthusiasts, brokers get to understand that it is not enough to have a solid reputation of trust and reliability. They need to incentivize traders into registering with them, and most have found huge success introducing bonuses; both for no-deposit welcome bonus and initial or recurrent deposit bonuses.

In this post, we review the best forex brokers with the highest deposit bonuses, and also explain what it takes to unlock these benefits. These are often expressed in percentages of the deposit amount. Our approach to the high bonuses subject is holistic and extends way beyond the bonus to touch on aspects of the forex broker reputation like the ease of doing business with them, and their reliability.

Best overall forex bonus

We’ve analysed all the forex bonuses in the market and found the following broker to have the best welcome offer, bonus terms, platform, usability and regulation. Click the link below to claim your bonus or read on to find out why this is our top choice.

1. Plus500: $25 bonus for customers outside of europe (best for south african traders)

Plus500 is a well-regulated forex broker holding licenses from the cysec, FCA and listed on the london stock exchange.

This broker offers a fantastic forex trading platform where investors can trade on 60+ forex pairs including the most popular forex pairs like EUR/USD, GBP/USD and EUR/GBP with leverage up to 1:30. They offer a very low minimum deposit of $100, which means your forex account can be worth up to $3,000 if using leveraged positions.

Their platform also counts with various advanced trading tools such as stop loss and stop limits, to ensure full customization and control over your forex trades, and minimize losses, a factor that is very important especially when using leverage. Plus500 also offers free forex signals and indicators as well as access to advanced charts and educational resources.

Plus500 offers low spreads starting from 1.9 pips on forex trading, and the account opening process is smooth and hassle-free.

Plus500 is currently offering a $25 free bonus to all traders outside of europe on forex trading. This bonus is available when you deposit the minimum required amount on the platform and open your account using this link. The welcome offer is only available to new customers, and the terms and conditions apply (check your country is eligible for the bonus before depositing). The offer is available to redeem within 90 days. Click the link below to claim your bonus today.

Plus500: claim your free £/€/$25 forex bonus

Free $/£/€25 bonus for new clients

Fully regulated forex broker

$/€/£100 minimum deposit

Best US forex bonuses

Even though the number of US forex brokers delivering access to the financial markets is rising, the actual number of companies offfering their services for US customers and residents is a number that has barely moved through the years.

If you are interested in starting a career in the forex market and you are a citizen or a resident of the US, check out these brokers below, all offering fantastic bonuses for american traders.

1. Libertex – 100% welcome bonus

Libertex rewards new traders a 100% welcome bonus for every deposit over $100. While the minimum deposit amount to receive the welcome bonus is $100, the maximum bonus amount is $10,000. Libertex welcome bonus will be paid over the course of 90 days in 2% payment chunks. A user simply needs to register for a trading account and fund the account with the minimum amount of $100 in order to get the libertex welcome bonus.

The converted bonus gets paid to your trading account and you are free to withdraw or trade with this money, however, libertex maintains basic requirements for rewarding its new traders. Whenever a trader reaches a certain percentage of the bonus earned, libertex pays the converted bonus to the trader’s account.

2. Forex.Com – $50 bonus

If you are interested in trading in the US, you see yourself being rejected by most european brokers due to tight requirements needed for americans. If this did not make you drift towards a different asset class you might want to consider opening a trading account with forex.Com. The firm might not offer any of the marketing tools and benefits from the majority of firms in europe, but in exchange, you will gain access to one of the most respected and stable forex brokers in the world.

As a symbolic benefit, forex.Com offers a one time bonus of $50 per user after they’ve deposited at least $250 to start their own account. This might not sound like much but considering the fact that it is an american broker, it is more than I would have ever expected!

3. Paxforex- 100% loyalty deposit bonus

Paxforex rewards new and existing clients 100% deposit bonus for every deposit over 1200$. The bonus will be paid over the course of one year and the first payment will be sent to your account as soon as your deposit clears. Paxforex will match your deposit in bonus money which will be divided by 12 equals parts and granted every month. The bonus amount can be used only for trading and cannot be withdrawn. Paxforex has a limitation of $10,000/EUR 9,000 on the total deposit bonus amount on one forex account.

Best non-U.S. Forex bonuses

If you are outside of the U.S, there are a number of well-regulated brokers offering attractive welcome bonuses for all forex traders. Below, we list the top fx bonuses for traders in europe and rest of the world. Be sure to read the broker’s terms and conditions before you deposit to ensure the bonus is suitable for your needs.

1. Global pro trader – 100% bonus on FTD via card, 150% bonus on FTD via crypto

Global pro trader rewards traders with 100% bonus on first time deposit (FTD) via card and 150% bonus on first time deposit (FTD) via crypto. Note that, the bonus is only available to one account and cannot be transferred between accounts. It also has a minimum trading volume of the bonus amount divided by 4 in order to withdraw bonus funds. The bonus and profits made on the trading account can be withdrawn once the minimum trading requirements have been fulfilled.

More importantly, the bonus can be redeemed once a trader has executed 30 standard lots for every $1000 bonus, within 60 days (44 market days) of receiving it. To qualify for the globalprotrader bonus, traders must complete the registration process and deposit funds through credit card or cryptocurrency.

2. Avatrade- welcome bonus up to $16,000

Avatrader is also keen on incentivizing individuals who wish to open trading accounts with them by offering deposit bonuses of up to $16,000. Unlike most other forex brokers who express their deposit bonus as a percentage of the deposit amount, avatrader maintains a graduated scale for rewarding its new traders. Individuals interested in their platform can use the online calculator on the avatrader website to determine the bonus attributable to their initial deposit. The bonus is however only available to new trading accounts that deposit a minimum 1000 units of their preferred base currency (USD/GBP/EUR). To move the credited amounts to the withdrawable balance side, you must execute a trading volume 10,000 times your deposit within six months.

3. Easy markets- 50% deposit bonus

Easymarkets rewards anybody who opens a trading account with them with up to 50% bonus on their first deposit amount. This is only applicable to new accounts that receive the upwards of $100 as initial deposit. The graduated bonus scaling technique rewards 30% bonus for deposits below $200 and 50% for initial deposits between $200 and $1000 while the rest, above $1000, get a 40% burp as a bonus. The broker has set the maximum allowable bonus per account at $2000. Unlike most forex industry insiders that avail the bonus for withdrawal after a target volume of trade, easymarket’s bonus is not withdrawable. There is however no restriction to profits earned by trading the bonus amount.

4. FXTM- up to 30% welcome bonus

The percentage of deposit bonus reward by forex time (FXTM) brokers depends on your geographical region. For instance, FXTM clients hailing from south east asia and the greater china region are eligible for a deposit bonus of up to 30% and a maximum amount of $100. FXTM trading account clients in africa will also get back 30% of their deposit amounts with the maximum amount allowed capped at $300. Traders in the middle east who open and fund a trading account with FXTM will get back 10% of their deposit amounts and a maximum of $300. To qualify for the bonus, the trader must complete their trading account registration and verification and also fund their respective account with the minimum deposit within six months.

5. Instaforex- 100% deposit bonus

Instaforex offers one of the widest ranges of deposit bonuses to its clients, depending on the trading accounts opened with the broker. The most popular in the 100% marching bonus to initial deposit made to any trading account. The broker also gives out a 30% bonus for all other subsequent deposits with instaforex club accounts receiving a 40% bonus. There is also the 50% chancy deposit bonus that is given once a month for deposits exceeding $3000. They also have a promotional 55% deposit bonus program for all accounts opened after june 2013. Withdrawing profits derived from the deposits with broker’s bonus is allowed but the credited deposits amounts will only be moved from the credit to the balances section once the trader hits the required trade volume limit.

6. FP markets- 20% credit bonus

FP markets rewards its traders with a 20% initial deposit bonus that is credited to their trading account. Qualifying for the bonus starts by completing the trader verification process and funding an account with an initial deposit of between $100 and $25,000. Note that, this is only available to traders maintaining the standard, raw MT4, and MT5 trading accounts. It also has a maximum allowable bonus amount set at $5000. While the amounts may be used to cover drawdowns, it will only be activated in the case of negative balance. Profits from the bonus amount can be withdrawn freely but you have to fulfill the required trading volume requirements to convert the bonus into cash.

7. Octa FX- 50% bonus on each deposit

Octafx offers a deposit bonus of up to 50% on all deposits above $50 regardless of the currency base or preferred payment system. This is available to all the trading accounts hosted by the broker, including ECN accounts. The trader is however at liberty to decide the level of bonus they prefer (below 50%) when making their deposit as this plays a key role in affecting the trading volume required to activate the credited amounts and transferring them to the withdrawable balance section. Additionally, the bonus can be traded on different platforms, including metatrader accounts integrated with an expert adviser. Profits can be withdrawn without restrictions, but withdrawing the deposit amounts below the level of the credited amounts cancels out the bonus.

Factors to consider when choosing forex deposit bonus

Before requesting for the 100%+ bonus or cash rebates, there are a few factors you need to consider. These are all contained in the fine print of the broker’s terms and conditions, and touch on how you interact with the ‘free trading money’ and its impact on your actual deposit. They include:

Size and impact on your trades

Ideally, the higher the deposit amount you request the larger the impact it has on your trades. For instance, some brokers will set a minimum or maximum lot size that you can execute as long as the deposit amount remains active. More importantly, the larger the advanced amounts, the higher the trading volume lots required to convert it into cash.

Flexibility and adaptability

To what extent can you use the deposit amounts or the profits accrued from its use? Can it be used to shield against negative balances? How easy is it to withdraw the profits derived from its trade or do you need to fund the account to activate it like in the case of no-deposit bonus? Pay attention to these details when reading through the terms and conditions a broker has attached to their bonus and only accept it if you consider them tolerable.

Time limit to trade volume execution

If you accepted a 20% bonus on a $1000 deposit that requires a trade of 10x the deposit amounts to release $1 of the bonus to your account, you will have to execute trades worth $2,000,000 before the full bonus amount is converted into cash. This explains why a majority of traders taking up bonus offers never get to enjoy them. Plus the higher the bonus amount, the larger the trading lots and the longer it will take to execute them. Take this into account and only take it if you consider the trade volume and the time given to be reasonable.

Should you accept a forex bonus?

Deposits bonus play a key role in helping advance your profitability. While all these forex brokers treat the bonus as a credit advance, they don’t restrict the use of any profits derived from its use. Most will also give you a chance to win and claim it as cash as long as you fulfill their set conditions that revolve around limiting the withdrawal of your deposit, as well as, executing enough trades.

You, however, have to be careful when interacting with the free deposit bonus. Take time to vet a forex broker, paying attention to how they disburse and handle credited bonuses. Consider brokers with flexible deposit bonuses that cover drawdowns and allow for the unconditional use of profits accrued from their trading the bonus. Avoid the rest whose credited amounts won’t cover drawdowns.

Other types of forex bonuses available

Forex no-deposit bonus: this refers to the deposit awarded to a trader for every account opened with the forex broker. It is credited to the trader’s account and is not withdrawable until a set of terms are fulfilled. These are perfect for testing the effectiveness and transparency of the forex broker.

Forex welcome bonus: this is advanced to new traders who open an account with a broker, regardless of whether they make the first deposit or not. It may, therefore, double up as a no-deposit or initial deposit bonus. The difference between the two is that while most brokers offer a no-deposit bonus to multiple accounts by the same client, most will only advance the welcome bonus to a client once regardless of the number of accounts opened.

Cashback (rebate) bonus: this works like the recurrent deposit bonus with the only exception that the rebate bonuses are offered in terms of specific amount and not as a percentage of the deposit. For instance, a broker may award $100 for every deposit a client makes above $1000.

Personalized/VIP bonus: this is a specialized type of bonus advanced to a selected group of clients. In most cases, VIP bonus is advanced to high volume traders operating special types of accounts and their terms are also more favorable.

Loyalty bonus: loyalty bonus is set aside by forex brokers for their distinguished existing clients. In most cases, the broker establishes a loyalty program that rewards traders with points for every trade or lot executed. Traders are then promised a cash bonus upon hitting a particular milestone.

Criteria we used to rank forex bonuses

Deposit bonuses are gradually evolving into one of the most critical factors enthusiastic traders put into consideration when deciding the broker to invest with. This has allowed most brokers of ill repute to lure innocent traders and entice them into making a deposit with them with the promise of huge but complicated deposit bonuses. We have however taken time to sort these out and present to you only the most reputable and highly reliable industry operatives. Safe for high deposit bonus and reputation, other factors we put into consideration when vetting the forex brokers include:

Regulation

Minimum deposit amounts

Flexibility (withdrawable profits and ease of conversion to cash)

Brokers with low spreads

Risk management tools

Conclusion

There is a huge number of forex bonuses available in the market, and choosing the right one based on your country, legislation, budget and trading needs is crucial. Forex bonuses are a great way to get started if you have a limited budget, or if you want to grow you account. However, it is important to keep in mind that even though a bonus might look like a great benefit to have, in most cases it is simply used as bait to attract and lure inexperienced investors and traders, so we urge you to read the broker's terms and conditions carefully before depositing funds in hopes of receiving a bonus which may not be suitable for you.

Plus500: claim your free £/€/$25 forex bonus

so, let's see, what we have: learn all about the vantage FX bonus and find out how you can redeem up to $250 free trading credit today. At trading app bonus