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UNDERSTANDING THE IMPORTANCE OF THE FOREX BROKER BONUS PROMOTION
The forex broker bonus and promotion is a unique marketing strategy used by the brokers to attract the investors and the traders. It is the services used by the brokers so that they can attract more traders and investors for using their trading services in preference to the other brokers. These two factors are important to influence the brokers and investors decisions. Forex brokers offer a wide range of 100 deposit bonus promotion and offers to the investors and traders with a purpose to attract new clients. It is a unique marketing strategy to influence the decisions of the new clients, and also it helps to keep the current clients loyal to the company. Bonus programs usually come in the form of welcome bonus and deposit bonus. The welcome bonus is for the new clients, and deposit bonus is for the currents clients so that they remain loyal to the company.
What type of FOREX bonuses do brokers offer and how do you find them?
Brokers expect the traders and investors sell or buy a minimum of ten lots with actual money through their accounts to receive a bonus of about $20. The traders and investors cannot withdraw the cash until the standards have been met. In some cases, time limits are enforced and in such situations, if the criteria is not met, then the forex bonus is abandoned. Currently, there are various types of broker bonuses available, and terms vary according to the broker and the kind of forex broker bonus.
The various bonuses offered by the brokers are welcome bonus, loyalty bonus, no deposit bonus, deposit bonus and much more.
The welcome bonus is offered by the brokers to the new clients. These bonuses are basically used to attract the new clients that is why it is called the welcome broker. The welcome bonus offerings are excellent for the new forex traders.
Trading bonuses are excellent bonuses for the middle to advanced forex traders. These bonuses are able to maintain certain trading volumes successfully, without losing money. The trading bonuses may look attractive to the new traders, but they are not because it is difficult for them to match the trading requirements.
No Deposit Bonus:
The no deposit bonus is limited because it forces the forex brokerage to pay a cash bonus to the trader without the necessity of an initial deposit.
It is the best bonus for the new traders. It is one of the simplest kind of bonus that is offered to the traders. Novice traders receive the bonus on their first deposit. But with the increase in competition, now more and more brokers offer brokers to the traders on all deposits.
It is a great kind of promotion market strategy. This promotion is being utilized by the intermediatory and advanced traders. It provides the trader with an opportunity to receive money back into their account whenever they do the trade. Rebates are similar to the trading bonuses, but they are slightly different manners for this. Note that they have to meet certain rules and standard in case of trading bonus.
Purpose of Forex Bonus and Promotions
The FOREX broker bonus plays an essential role in the forex trading business. Forex bonus gives an opportunity to earn extra cash and incentives. Forex trading bonuses are a fabulous way to increase the traders return on investment. Bonuses are also a fantastic way of increasing a trader’s return on investment. It is the best tool that gives you extra leverage to earn money. Moreover, the cash in an investor’s account gives the privileges to a trader to improve their leverage and increase the profitability of their winning trades. Forex broker bonuses are specially dwelled based on some situations and promotions that the forex broker are holding. These bonuses are in the form of cash reward so that they can use it in their forex trading.
Forex bonuses create a win-win situation for both the brokers and the investors/clients in many ways. Clients get benefit by getting some special services from the broker. On the other hand, the broker gets the benefit by getting more clients. Before signing or agreeing to anything both the investors and traders should check all the terms and conditions related to the type of broker bonus.
For further reading, take a look at our coinexx.com.