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Find Out The Best Welcome Bonuses Of 2018

By Jonathan Halstead 5 years ago

If you are a beginner who just took the very first step into the world of trading, the welcome bonuses will play an important part in your journey as a powerful jump start for you. Thus, it is essential that you can pick an agent that possesses the best forex welcome bonuses. Don’t worry too much, I will help you out with my own analysis on this problem alongside some of my personal analysis after spending time researching some brokers that I believe to be the best forex brokers 2018 that have the best forex welcome bonuses programs.

  1. Dealers with the currently best forex welcome bonuses plans

Spending years exchanging with some of the most popular and regarded brokers has taught me some valuable lessons. After utilizing those experiences, I have finally narrowed down my list of brokers who possesses the best forex welcome bonuses agreements to 3 brokers. They are XM, FBS, and FXTM. Here are their details:

  • XM
  • FXTM
  • FBS

Personally, I believe XM to be the one that possesses the best forex welcome bonuses out of the 3 names. In addition, they also offer a 100% bonus for any new installment.

  1. The criterions for the best forex welcome bonuses

As I wrote this article to talk about the best forex welcome bonuses, I should put in my own ideal criterions to pick an agent when taking their welcome rewards plans into consideration. Here they are:

  • Undemanding requirements for pulling back rewards

There are huge amounts of agents that utilize several rigid deals when it comes to traders pulling back their rewards. To tell you the truth, there is no chance that you will be able to pull your welcome reward back in a direct way. However, that is nothing that you should worry about. You will still be able to pull out the money you made by exchanging with your rewards. This is the very reason that so many agents will ask for some other demands when you start withdrawing your welcome rewards like a demand that a minimum number of lots must be exchanged. I will present to you some other numbers that are used in those demands from the dealers that have the best welcome bonus forex:

  • XM is really living up to their “best forex brokers” reputation due to the fact that they have the arguably most fair requirements for pulling out rewards. Anyone who associates with them will be required to do a 0.1 lot and they will be able to get the profits from their welcome rewards.
  • FXTM comes in second as they want their traders to trade at least 1 lot to be able to pull their profits out,
  • FBS is a special case. They have a well-known 123 reward plan that has the maximum number of reward being $123. You can only pull out a small $3 with each lot you exchanged. For instances: if you get a profit of $60 after an exchanging week, then you will have to complete 20 lots already to be able to get all that money out.
  • Excessive value of welcome rewards:

I don’t need to make clear how any trader wants their welcome rewards numbers to be as excessive as possible. From the brokers that I have talked about, FBS has the single most excessive welcome reward number that one can obtain, $123 when XM and FXTM’s deals fall into about the same range at about $30.

  • Valid forex dealers:

If you want to trade without any problem, then it is of no question that you must look for a broker that is really dependable and possess no questionable side at all. After my experience trading with a large number of unique dealers, I believe XM to be the most valid and transparent dealer.

  1. Other types of rewards:

Never consider welcome rewards as all there is, almost all dealers have many unique reward plans like Installment Reward or Lot back Reward (Loyalty Reward), in particular:

Installment Reward is the program that will be built by taking into account you’re the amount you deposited. This is the reason you are able to get more money simply by giving in even more money.

Lot Back Reward is also known as the Loyalty Reward. Most of the hardened exchangers really love this kind of bonus strategy because it will spontaneously give you back a part of every single exchange made in your account.

Let’s take an example: XM has an EUR/USD spread of 1.4 pip, it also has a refund number of $3 for each lot you exchanged. This signifies that you will have to pay a measly $11 for each lot of EUR/USD rather than the original spread of $14.

  1. Is it true that you can get your forex reward earnings back?

I have talked about this above. Almost all brokers have installed strategies about pulling back profits. As of right now, they usually use these:

  • Requirements of completed exchanging lot

I have effectively given a point of reference and illuminations with respect to this issue above. More or less, about all merchants anticipate that you will have completed more than a particular number of trades before you can be eligible to pull your rewards back. This policy also has an additional downside being that is in general, the trader must install additional cash that is a lot more than the reward so that the demand is met.

  • No pulling back the reward directly

For the most part, brokers will not allow their exchangers to pull back the rewards like the welcome reward or the installment reward. Why is this? The reason is simply that if they had not done something like this, there would be exploiters and cheaters that won’t hesitate to make illegal profits.

  1. Which kind of broker is better? Should we pick ones that have great bonus or ones that have low spread?

Many of us will pick the ones with the more superior reward plan at first. Nonetheless, we must never forget about our long-term plan as traders. We must always remember that those with low spread or general trading conditions that are superior will benefit us a whole lot more in the future as we are simply exchanging in the most comfortable atmosphere thanks to our choice. In my opinion, a dealer must have credibility first, and then I will examine anything else because of the huge numbers I usually must deal with.

  1. THE BEST POSSIBLE FOREX REWARDS

After the long and hard analysis that I have done, I have managed to make a list of the best brokers who have the most superior reward plans. As of right now, I have finally reduced the list to 4 dealers:

  • Best welcome bonus – XM: 30$ welcome bonus
  • Best welcome bonus – FBS: 50$ welcome bonus
  • Best deposit bonus – XM: 100% deposit bonus
  • Exness bonus: Rebate 2 – 16$ per lot

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  1. How does one cheat these plans?

I will not do anything unnecessary like repeating how immoral it is for you to use any type of exploiting methods. However, I know full well that there will be a time when you would like to use them, so I will leave here the current most used procedures. They have one similar point in that they both need you to make a huge amount of accounts in order to utilize them:

  • Cushion two accounts that were created recently. You must first make one triumph and the other one goes under so that there will be a 50% triumph rate. This type of plan can only be applicable if the agents have really lax rules about the act of pulling out rewards.
  • There is little difference between this method and the first one. The only difference is that in this procedure, you must additionally make use of the superior leverages the brokers have to make really large positions. Thus, it is needless to say that you must first have a broker who has this kind of superior leverages.

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