The FOREX broker bonus is a unique marketing strategy used by brokers to entice investors and traders to use their trading services in preference to another's. Many thousands are drawn in by such bonuses with promises of being important members as part of the overall team of traders.
So, what type of FOREX bonuses do brokers offer and how do you find them? Some brokers expect traders/investors to sell or buy a minimum of ten lots in actual money through their accounts to receive a minimum bonus of about $25. However, usually traders/investors cannot withdraw the cash until the criteria for the trades have been met. Sometimes time limits are enforced and if the criteria are not met, the FOREX bonus is forfeited. However, terms vary according to the broker and the type of FOREX broker bonus.
Currently there are varied types of broker bonuses available. These include such bonuses as the:
· welcome
· loyalty
· no deposit
· deposit
However, many a FOREX broker bonus is specially suited to a particular situation or promotion that the FOREX brokers are holding. They are usually cash rewards that are normally expected to be used in the process of doing foreign exchange trading.
In many ways, the FOREX broker bonus creates a win-win situation for the brokers and the traders/investors. Clients receive special services specific to the broker and the broker gets more clients. However, both investors and traders should check the small print and conditions attached to any FOREX type bonus before signing or agreeing to anything. Not all FOREX bonus offers are as easy to get as they may appear.
The FOREX broker bonus plays an important role in the business of FOREX trading. Bringing together FOREX brokers and investors/traders, the FOREX bonus is a fun way to earn extra cash and incentives.
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