FOREX.com is our top pick for the best forex broker with a bonus. Supercharging its benefits offering up to 5% cashback of initial deposit, 4% APY on average daily available margin for VIPs, trading volume rebates and frequent promo offers.
The forex market is highly competitive, with countless brokers vying for your business. Among the many factors to consider when selecting a broker, bonuses can provide an added incentive for traders looking to boost their earnings.
In this article, we will explore the top forex brokers that offer bonuses, helping you find a broker best suited to your trading needs. From welcome bonuses to loyalty rewards, these brokers offer a variety of incentives to help you make the most of your trading experience.
Quick Look: Best Forex Brokers with a Bonus
Best Forex Brokers with Bonus Incentives
Here are the best forex brokers offering bonuses designed to maximize your trading potential.
Best Cashback Bonus and Ongoing Promotions: FOREX.com
Bonus Offered: 5% cashback of initial deposit on new account openings by U.S. residents, cash rebates, and 4% APY
How it Works: FOREX.com offers a 5% cashback deal for new account openings by U.S. residents. To seize this opportunity, open a new account and deposit a minimum of $1,000, which is required to qualify for the 5% cashback. The maximum cashback limit is set at $10,000.
To qualify, traders need to meet the “qualifying trades” condition within a 60-day timeframe. FOREX.com defines qualifying trades based on the bonus amount divided by 10. For instance, to receive the minimum $500 cashback, traders must execute 50 forex lots (derived from dividing the bonus amount, $500, by 10).
FOREX.com considers both opening and closing positions qualifying trades. Therefore, a trader buying and selling 1 standard forex lot (equivalent to 100,000 currency units) generates 200,000 in volume, equaling 1 qualifying trade.
Best Welcome Bonus: RoboForex
Bonus Offered: $30 welcome bonus to global traders
How it Works: RoboForex offers a simple $30 welcome bonus to global traders, granting them access to forex trading upon platform registration, with small initial deposit required. Bonus funds can be utilized for cent and standard MT4/MT5-based accounts denominated in either USD or EUR as the base currency. To receive the bonus open a new account, pass the simple verification procedure of your identity, address and phone number in your members area and then deposit at least 10 USD to your account via a bank card.
The broker provides support for trading platforms such as R StocksTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). In addition to forex, you can trade other assets such as contracts for difference (CFDs), stocks, indices, exchange-traded funds (ETFs) and commodities.
Best for Multiple Bonuses: AvaTrade
Bonus Offered: Money back on losing trades; 20% bonus on first deposit
How it Works: AvaTrade offers two different incentives for traders outside the U.S.: money back on losing traders and a 20% bonus on your first deposit. Here is how you can qualify for AvaTrades bonuses.
- Money Back on Losing Traders: AvaTrade provides clients with its proprietary risk management tool, AvaProtect, offering premium-based insurance of up to $1,000,000 per trade. This exclusive feature is accessible solely on AvaTrade’s trading platforms: AvaTrade WebTrader and AvaTrade GO. With AvaProtect, traders can safeguard their downsides in forex, gold, and silver trades.
- 20% Bonus on Your First Deposit: AvaTrade extends a generous 20% sign-up bonus to new clients residing in select countries upon their initial deposit. To qualify for the 20% bonus, a minimum deposit of 200 units in the account’s base currency (USD, EUR, GBP, or AUD) is required. The maximum eligible deposit for the bonus is 50,000 currency units. Recipients of the bonus must trade a nominal value equivalent to 20,000 times the bonus amount within six months of receiving it, or the bonus will be forfeited.
Best for Deposit Bonuses: XM Group
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Best For:
Beginner Forex and CFD Traders
securely through XM Group’s website
Bonus Offered: 100% deposit bonus on the first deposit (up to $5,000); $30 trading bonus
How it Works: XM offers various bonuses depending on the deposit amount. The minimum amount to qualify for a bonus is $5. At times, it has offered a bonus that allows you to receive a 100% deposit bonus on the first deposit (up to $5,000). The XM 30 bonus gives you access to $30 when you sign up for the platform. Its bonus program charges zero fees on deposits and withdrawals.
The $30 Trading Bonus enables traders to evaluate XM’s execution quality in an actual trading setting without any investment risk. Upon claiming your bonus, the amount will be promptly credited to your account for trading purposes. While any profits earned can be withdrawn at your discretion, withdrawing funds will lead to the proportional deduction of your trading bonus.
This offer is open to new traders who open an XM Real Account for the first time. However, in certain regions, a different promotion may be in effect. You have 30 days from the date of opening your account to claim the bonus before it expires.
How Do You Get Bonuses on Forex?
Here are some of the most common ways to earn bonuses on forex.
- Sign-ups: A sign-up or welcome bonus is a bonus you receive when you open a new account with a forex broker. Some brokers require deposits to be eligible for a bonus, while others offer a no deposit bonus forex account.
- Deposits: Deposit bonuses are issued each time you make a deposit to your account. The amount you get varies by deposit.
- Referrals: You can also earn money each time you refer someone to a broker.
Forex bonuses have become commonplace because they serve as an incentive for traders to test the platform and see if it suits their needs. However, they should not be the only criteria you use to choose a broker.
Other factors such as licensing, trading environment, spreads, types of assets traded and products available should be top considerations when looking for a broker to choose.
A forex bonus is a promotion strategy to get you registered on the platform. Not all bonuses listed will always be available – contact the broker for the most updated information. When you do sign up, don’t be motivated to deposit or trade solely based on the bonus you might receive. Let your trading decisions be guided by sound judgment through technical and fundamental analyses.
Frequently Asked Questions
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A bonus is good for forex. However, you should not be motivated to choose a broker or trade based on the bonus you would receive.
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Yes, some brokers give bonuses based on sign-ups or deposits.
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Many brokers offer $100 deposit bonuses. However, the bonus offered usually depends on the amount you deposit into your trading account.
