One of the primary ways forex brokers attract new clients is by offering cash bonuses for signing up and trading. The best forex bonuses can be precious, particularly for high-volume traders.
This guide will look at the forex deposit bonus offers for 2022 and explain how traders can take advantage of them. We’ll also highlight some of the best bonus forex brokers’ features.
- eToro – Get $250 when you deposit $5,000 or more:
eToro logoeToro is one of the best forex copy trading platforms. eToro allows traders to automatically replicate the moves of more experienced forex traders, matching their every buys and sell order.
eToro is providing a bonus to traders who deposit $5,000 or more. Traders who meet this deposit threshold, whether on their first or subsequent deposit, will receive an instant $250 bonus for trading. The minimum deposit for forex copy trading at eToro is only $200, sufficient to begin following a favourite trader.
The $250 bonus offer from eToro is valid until the end of the year. The bonus is credited to users’ accounts within 30 days of making the qualifying deposit and can only be obtained once.
- AvaTrade is offering a 20% deposit match bonus to new traders:
AvaTrade is a top ASIC forex broker that offers 55 major and minor currency pairs for trading. This forex broker distinguishes itself by offering vanilla forex options, which provide traders with far more ways to build hedging strategies than forex CFDs. AvaTrade has its custom trading platform dedicated to forex options and popular trading platforms such as MetaTrader 4, MetaTrader 5, and ZuluTrade.
So, if a trader deposits at least $200, they will receive $40. They will receive $200 if they deposit $1,000. The maximum bonus a trader can claim during this promotion is unlimited, but the bonus can only be claimed once.
AvaTrade also provides an ongoing referral bonus that traders can earn unlimited times. A referee must open an account, deposit at least $500, and make at least ten trades to qualify for the referral bonus. The bonus ranges from $50 to $250, depending on the referee’s first deposit size.
- With Webull, you can get up to 12 free stocks worth up to $3,000:
Webull is a top stock broker that also offers forex and cryptocurrency trading. Along with mobile forex trading apps, the platform provides one of the most user-friendly trading platforms we’ve seen.
Traders who deposit any amount after opening their account will receive 4-10 free fractional shares worth up to $3,000. Again, fractional shares are assigned randomly, and traders are likelier to receive fractional shares worth less than $100.
Bonus shares are delivered to traders’ accounts within ten days and can be sold for cash immediately. That money can then be used to trade forex on Webull without restriction. So, while Webull’s bonus requires a little more effort than a typical forex bonus, it is a pretty good deal for forex traders.
Best South African forex broker:
- FxPro – Reliable NDD Forex Broker with Low Fees and Local Withdrawal Options:
With their cTrader account, FxPro provides low-cost trading. This account type has low spreads, but there is a $4.5 commission per 100,000 units. For example, their average spread for major currencies such as GBP/USD is 0.45 pips. As a result, the total fees for 10,000 units would be $0.9. In comparison to most other brokers, this is relatively low and best forex broker south africa.
FxPro does provide a ZAR base currency account option. When you open an account, you can select between the MT4, MT5, and cTrader platforms. If you have a ZAR account, the minimum deposit is $100 or the equivalent in ZAR.
Live chat support is available, and we do not have to wait long. According to our tests, their email support is also adequate. They can also request a follow-up call.
- OctaFX is a forex broker that offers low spreads and copy trading:
OctaFX was established in 2011. Because only one Tier-1 regulator, CySEC, regulates OctaFX Group, we consider them a moderate risk broker for forex and CFD trading.
OctaFX charges a variable spread for each trade in terms of fees. Their regular EUR/USD spread with their MT4 & MT5 Trading Accounts is 0.7 pips (according to OctaFX’s spread data), which is very competitive compared to other South African regulated brokers. There is no additional commission per lot with any account, and the only trading fees are spreads. They also do not charge inactivity, deposit, or withdrawal fees. As a result, their prices are very competitive overall.
OctaFX does not provide ZAR base currency trading accounts; instead, SA traders can access USD and EUR account currency options. They also do not offer local Internet Banking for deposits and withdrawals. OctaFX SA only accepts credit/debit cards and cryptocurrency for deposits and withdrawals. However, they do not charge any fees for deposits or withdrawals using these methods.