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Top-3 forex bonuses
Best brokerage account bonuses in january 2021
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Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It’s important to know the best offers so that you can decide whether it’s a good time to open a brokerage account and take advantage of what is often risk-free cash.
Here bankrate tracks the best brokerage account bonuses to help you compare active offers.
Best brokerage account bonuses in january 2021
- Ally invest: $50 to $3,500
- Merrill edge: $150 to $900
- Charles schwab: $100 to $500 (personally referred friend offer)
- E-trade: $50 to $2,500
Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus
New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.
Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You’ll receive your cash bonus within 10 business days after this review.
To receive a cash bonus, you must:
- Deposit at least $10,000 in a new ally invest account.
- Be a U.S. Resident.
- Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.
You must use the “open account” button associated with this offer on ally invest’s site for opening your account to be eligible for this offer.
Here are the bonus tiers for this offer:
- To receive the $50 bonus, deposit or transfer $10,000-$24,999.
- To receive the $200 bonus, deposit or transfer $25,000-$99,999.
- To receive the $300 bonus, deposit or transfer $100,000-$249.999.
- To receive the $600 bonus, deposit or transfer $250,000-$499,999.
- To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.
- To receive the $3,500 bonus, deposit or transfer $2 million or more.
Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can’t be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.
Read bankrate’s ally invest review to learn more.
Merrill edge: $150, $225, $375 or $900 bonus
When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.
To receive a cash reward, you must:
- Enroll for the offer at the time of account opening.
- Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.
- You must be enrolled in the preferred rewards program within 90 days of making the deposit.
- Maintain that balance for at least 90 days.
The offer limits you to one IRA — rollover, traditional, roth and sole-proprietor SEP only — and one cash management account. Each account holder can’t have more than two enrolled accounts.
Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren’t qualifying net new assets.
You’ll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.
Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren’t eligible for this offer. The offer also doesn’t apply to accounts, which include iras or cmas, held with other business units of MLPF&S.
Here are the bonus tiers:
- To receive the $150 cash reward, deposit $20,000 to $49,999.99.
- To receive the $225 cash reward, deposit $50,000 to $99,999.99.
- To receive the $375 cash reward, deposit $100,000 to $199,999.99.
- To receive the $900 cash reward, deposit $200,000 or more.
Read bankrate’s merrill edge review to learn more.
Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)
Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.
To receive the bonus award, you must:
- Receive a referral code from a friend or family member.
- Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.
You’re limited to one per account and only one account per client when you receive a referral.
Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.
You’ll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.
Schwab may charge back its bonus award if taxable accounts aren’t kept at schwab for at least one year.
Here are the bonus tiers for this offer:
- To receive a $100 bonus, deposit $1,000-$24,999.
- To receive a $200 bonus, deposit $25,000-$49,999.
- To receive a $300 bonus, deposit $50,000-$99,999.
- To receive a $500 bonus, deposit $100,000 or more.
Read bankrate’s charles schwab review to learn more.
E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus
You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.
To receive a cash bonus, you must:
- Use promo code WINTER21 when opening the account.
- Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.
Here are the cash bonus tiers for this offer:
- To receive a $50 bonus, deposit or transfer $5,000-$9,999.
- To receive a $100 bonus, deposit or transfer $10,000-$19,999.
- To receive a $150 bonus, deposit or transfer $20,000-$24,999.
- To receive a $200 bonus, deposit or transfer $25,000-$99,999.
- To receive a $300 bonus, deposit or transfer $100,000-$249,999.
- To receive a $600 bonus, deposit or transfer $250,000-$499,999.
- To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive a $2,500 bonus, deposit or transfer $1 million or more.
Read bankrate’s E-trade review to learn more.
Best brokerage account deals and bonuses right now: earn up to $3,500 with a new account
Get more cash to build wealth with these top brokerage deals and promotions.
| Brokerage | brokerage bonus offer | bonus trigger |
| TD ameritrade | $350-$2,500 | account opening and deposit minimum |
| M1 finance | $250-$2,500 | account opening and transfer minimum |
| stash | $5 | account opening and deposit minimum |
| betterment | 1-12 months of free portfolio management | account opening and deposit minimum |
| blockfi | $15-$250 free bitcoin | account opening and deposit minimum |
| ally invest | $50-$3,500 | account opening and deposit minimum |
| robinhood | $2.50-$200 worth of free stock | account opening |
| webull | $8-$1,600 of free stock | deposit minimum |
| charles schwab | $100-$500 | account opening and deposit minimum |
| merrill edge self-directed | $100-$600 | account opening and deposit minimum |
| E-trade | $25-$2,500 | account opening and deposit minimum |
If you’re unsure how to choose between this list of brokerage bonuses, these deciding factors on an investment brokerage will show you what to look for in a new account.
Best brokerage account bonuses right now
Building an investment portfolio can take time, but some top brokerage firms can help you with promotions, deals, referral bonuses and sign-up bonuses. Depending on how much money you have to invest, these brokers may offer to deposit a cash bonus into your account, give you free stock or provide fee-free investing for a set period.
If you’re looking for a new brokerage to help manage your portfolio, or if you’re a beginner investor who is excited to get started, check out these brokerage bonus offers to see how you can maximize your return.
1. TD ameritrade bonus: $350-$2,500
One of the largest brokers in the U.S., TD ameritrade provides a platform for all kinds of investors. It offers a robust set of resources and tools and doesn’t charge commissions on online trades of stocks, mutual funds and exchange-traded funds (etfs).
TD ameritrade’s requirements to earn a sign-up bonus are a bit steep, so less experienced investors may not qualify. But the broker’s platform is among the best. With commission-free on stocks, mutual funds and other securities, TD ameritrade is still worth considering for long-term investing needs.
Read our full review of the TD ameritrade bonus.
2. M1 finance bonus: $250-$2,500
If you’re looking for an online stock broker that provides both investing and banking services, M1 finance may be ideal. With just $100, you can open an account and start trading various securities — that includes fractional shares, which allow you to purchase portions of shares in publicly-traded companies and benefit from gains without needing a lot of money. Plus, as an added benefit, the platform offers free trades.
M1 finance’s transfer bonus requires new money to be deposited into your account by october 31, 2020.
While this robo-advisor doesn’t offer a cash bonus, the features alone make this online broker worth considering. In addition to DIY-investing and checking, M1 finance offers the chance to borrow on margin at a low interest rate, especially if you register for an M1 plus account. It even offers commission-free trading for both trade windows and cash-back rewards for everyday spending.
Read our full review of the M1 finance bonus.
3. Stash bonus: $5 slickdeals bonus
| slick tip: use this slickdeals affiliate link to automatically receive your $5 bonus offer to invest. |
If you’re relatively new to investing, meeting high deposit minimums may not be an option. With stash invest, though, you can get a bonus of $5 after you open a stash investment account and deposit $5 or more in new funds. While it may be a small incentive, it is a dollar for dollar match on your first $5 deposit.
That $5 sign-up bonus can be among your first dollars to invest with stash, and you can use it to trade stocks — including fractional shares — and etfs. Stash also offers a stock-back rewards program with its checking account, which means that you can earn rewards in the form of stocks when you make qualifying purchases with your stash debit card.
Just keep in mind that there’s a monthly fee that ranges from $1 to $9, depending on which features you want and how much you want to earn in stock-back rewards. However, like many online stock brokers, stash offers free trades which can help you to recover the cost of monthly fees.
Read our in-depth stash bonus review.
4. Betterment bonus: 1-12 months free portfolio management
One of the pioneers of robo-advising, betterment offers the chance to invest and bank all under one roof. On the investing side of things, the brokerage firm uses algorithms to manage your portfolio for you in exchange for a 0.25% annual fee. You can also upgrade to a premium plan with access to certified financial planners and advice for investments outside of betterment for a 0.40% annual fee.
For smaller investments, getting just one month for free may not amount to much. But it can give you some time to test-drive the platform and decide whether a robo-advisor is right for you.
5. Blockfi bonus: $15 – $250 in free bitcoin
| slick tip: use this link and automatically earn your bonus after direct depositing the eligible bonus amount (see below). |
Cryptocurrency is a relatively new investment option, and blockfi is taking innovative steps to allow investors to take advantage of it. You can use the broker’s platform to buy and sell various cryptocurrencies, interest on your investment and even use your cryptocurrency as collateral to borrow money.
Blockfi is currently running a new block interest account (BIA) promotion. Fund your new block interest account with $25 or more on or before november to earn a one-time bitcoin bonus of $15 to $250. You must be a new blockfi customer to qualify for this bonus.
The blockfi interest account lets you put your crypto to work and earn monthly interest payments in the asset-type that you deposit with blockfi. Blockfi bonus fine print New clients who sign up through this referral link and fund their account during the current promotional period are eligible to receive $15 – $250 bitcoin bonus (in USDC) depending on their investment tier. The current promotional period is defined as the current calendar month ending at 23:59:59 UTC on the last day of the month. Please note, this must be your first deposit, and you must maintain a minimum $25 crypto balance through the 14th of the month for two and a half months from the month of eligibility in order to remain eligible. Eligible payouts occur on the 15th of every month on a rolling basis. If the 15th falls on a weekend, then the bonus payout will occur by the end of the next business day. There is a maximum of one bonus per client. This offer cannot be combined with other trading offers. Trading qualifications are dependent upon geographical or regulatory restrictions. Terms subject to change. Blockfi referral bonuses Once you’ve become a blockfi customer, you are eligible for their referral program which provides referral links for you to share. For every person that signs up using your blockfi referral code and deposits $100 or more into their blockfi interest account, you and that friend will each earn $10 in BTC. You can obtain a blockfi referral links by visiting the refer-a-friend landing page. Similarly, new promotions and past promotions are listed here on the blockfi promotions page. 6. Ally invest bonus: $50 – $3,500 Ally invest is an online-only bank that offers a variety of banking, lending and wealth management services. It also offers one of the biggest bonuses for new investing customers that we’ve seen. If you open an ally self-invest account by december 31, 2020 and fund it with a certain amount within the first 60 days of account opening, you can receive up to $3,500. Ally invest features commission-free trades on eligible U.S exchange-listed stock, ETF, and option trades. In fact, at $0.50 per contract, ally invest offers low-cost fees for option trades and a wide selection of etfs from vanguard, globalx, ishares and more. Ally invest offers high-yield etfs from market leaders that may complement your portfolio and help diversify your investing strategy 7. Robinhood bonus: $2.50 – $200 worth of free stock Robinhood helped pioneer the mobile investing movement, as well as commission-free trades. The commission-free platform allows you to trade stocks (fractional shares included), options, cryptocurrencies and etfs, and there’s no minimum to get started. What’s more, the broker’s bonus is easy to earn: simply open a new account, and you’ll receive a free stock worth between $2.50 and $200. With no barrier to entry, this one may be the best online stock option for inexperienced investors. One thing to keep in mind, though, is that robinhood doesn’t offer retirement accounts. So you may want to consider another option if you’re hoping to open one of those. 8. Webull bonus: $8 – $1,600 of free stock Another great mobile-first trading platform, webull offers the chance to invest in stocks, etfs and options (though you can’t trade fractional shares). Also, like robinhood, webull doesn’t require massive deposits to earn its welcome offer of free stocks. You can receive up to two free stocks each valued between $8 to $1,600 when you open an account with the broker and fund it with $100 or more. The broker also offers several ways to earn more free stock, including through referral links and other ongoing promotions. If you’re just starting out or you’re not sure you want to move a lot of money, webull can get a great place to start. In addition to offering free trades, another one of webull’s strengths is its investment in technical research, which can be a huge plus for experienced investors and others who want to learn. 9. Charles schwab: $100-$500 Like TD ameritrade, charles schwab is one of the largest brokers in the U.S., and offers a much wider range of investment options, resources, tools and other features than many of the smaller brokers on our list. While the sign-up deposit requirements are a bit steeper than some other brokers, the lowest tier is still relatively accessible to investors with lower net worths. 10. Merrill edge self-directed account bonus: $100 – $600To earn the cash bonus, you’ll need to make your qualifying deposit of new funds within 45 days of opening your account, then keep it in the account for 90 days after that. And remember, the sign-up bonus only works for merrill edge self-directed accounts, which is where you manage your own portfolio. If you open a guided investing account with a professional manager, you’ll be ineligible for the promotion. Merrill edge’s bonus is more accessible than many other broker bonuses, but still requires a good amount of cash to get the minimum amount. 11. E-trade brokerage and retirement accounts: $25 – $2,500Once you meet the requirements, you’ll receive your cash bonus within seven business days. The offer is valid on new accounts opened by dec. 31, 2020, but you’ll have 60 days after that deadline to meet your deposit requirement. You also need to maintain the funds in the account (minus any trading losses you incur) for 12 months.  |
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Risk warning: trading forex, cfds and other leveraged derivatives is considered a high risk investment and may not be suitable for everyone. We do not provide investment advice and the bonuses or promotions offered by brokers are listed for comparative purposes only. Please read our terms and conditions and privacy policy for more information, and NFA's forex investor alert.
Top 10 best forex brokers with bonus and promotions for 2021
Top rated:
Are you on the lookout for the best forex brokers with bonus and promotions to offer?
They can be tricky to find, but if the answer is yes, then you are certainly in the correct place. Here we will give you all of the information you need, not only on the top recommended brokers if you are looking for a bonus, but also what these promotions mean, and how they can best work to your benefit as a trader.
With that in mind, let’s take a closer look at the best brokers we have found that can offer bonus and promotions to you as a trader.
Are these bonuses really free money?
Although it may be hard to believe at first, it is true. The bonuses really are free money that is sent to your account by the broker. Now what is often asked is, can I withdraw these bonus funds?
Generally, the answer is yes with most top brokers. Their policy will vary though and in many cases, there are certain trading criteria that you must meet in order to withdraw the bonus funds from your account.
What should I check when choosing a bonus?
There are a couple of very important steps that you must run through when checking the bonus that you should choose, and the broker who is providing that bonus.
First off, it is vital that you read the terms and conditions carefully, so you know exactly what is on offer. Added to that, it is important to consider the whole offering of a broker. This means not only the bonus amounts, but what else they have to offer such as spreads, minimum deposits, and more.
Please note that the following bonuses may not be available in every country, and that brokers are not allowed to offer these to customers based in the EU or UK due to local regulatory restrictions. Read T&C before applying to a bonus.
Top 9 forex brokers with bonus and promotions
Here are the top 9 forex broker bonus and promotion offers we have found available:
1. FBS
FBS is the first broker to make our listing for having some of the top promotions and bonus offers in the industry. They are well-known as being a very respected broker around the world, and they have a huge amount of bonuses on offer.
At FBS you can win a wide range of prizes from holidays to new cars, and you can also double your deposit with the great FBS 100% deposit bonus they have in place. An FBS no deposit bonus is also available at no-risk at all to your funds as well as a cashback bonus if certain conditions are met. The FBS bonus offering continues to grow and expand with many contests and challenges also available where you can win cash, trips, and VIP event invites. They also run contests directly on social media like facebook where all you need to do is share posts with your friends. These are just some of the reasons why FBS is a top bonus broker for all traders.
XM is another top international broker, and one of the most easily recognizable in the industry. They too offer a strong range of bonuses and promotions. These start with an excellent $30 no deposit bonus which you can use for completely risk-free, real money trading.
Beyond this you will also find a deposit bonus of up to $4500 which means your deposit will be matched by the broker with free money up to this high value. Aside from those regular types of bonus offerings, XM also runs a lucky draw which has a huge total value of $1,000,000. As a regular trader with the broker you can also join their loyalty program which is points based. You can redeem these points through your trading actions to obtain a wide range of great benefits with the broker.
Please note that these bonuses may not be available with every XM entity
3. Instaforex
Instaforex is the next broker to make the top list of brokers providing bonuses and promotions. They too are very well-trusted by a broad range of traders across the industry. They start their bonus offering with one of the very best no deposit bonus offers in the sector. This is the instaforex $1,000 no deposit bonus.
Further to this monster bonus offer, the broker also provides a deposit bonus of 30% so you can always receive an additional 30% on top of your initial deposit as risk-free bonus funds to trade with the broker. Added to this, instaforex makes a huge range of contests and challenges available where you only need to have a demo account to participate and win. Here you can win a great range of physical prizes including cars, money, and much more.
4. Fxopen
The next broker on the list offering top promotions and bonuses is fxopen. They kick their bonus offering off with a $10 no deposit bonus. This is great if you are new to trading and looking to try out the broker with no risk at all to your own money.
Another great offer for beginners is the $1 welcome bonus on micro accounts. This makes sure you are covered to trade with free money, even at lower risk levels. Like many of the other brokers they also provide access to a large number of trading contests with a unique prize attached. This prize is that if you reach a certain benchmark of profit in the contest with virtual funds, they will then turn 10% of these funds into real money for you to trade with. A very attractive bonus proposition indeed from this popular broker.
5. Roboforex
Roboforex are in on the act too as another respected top broker offering bonuses and promotions to their traders. The excellent bonus infrastructure here starts with a deposit bonus that can be either 10%, 60%, or a huge 120% depending on how much you are depositing.
The offers do not stop there with roboforex either. Just for joining the broker, you will be entitled to a $30 welcome bonus. This can be used for completely risk-free trading on the markets of your choice. You will also be entered into weekly and monthly contests which are free to enter but where you can win real prizes on both demo, and live accounts. Regular traders are not forgotten either with cash rebates stretching up to 15% based on how much you trade.
6. Hotforex
Hotforex are one of the cornerstones of the industry and regularly feature as a top broker in many listings. They too have a very strong bonus infrastructure though it may not be available in every country the same. This is particularly true in europe.
Outside of that though, their offer is strong. They provide a number of unique bonuses the first of which is a 100% credit bonus. This acts to double your deposit with completely free bonus funds. They also offer a very unique 30% rescue bonus. This bonus protects your funds from drawdowns up to $7,000. The 100% supercharged bonus is one of their most popular though. This provides for a huge amount in cash rebates that can reach up to $8,000, on top of a 100% deposit bonus. All of these great offerings maintain hotforex as a very popular bonus broker of choice.
Please note that these bonuses may not be available with every XM entity
7. Octafx
Octafx is another popular, and rapidly growing name in the sector. They are not stepping back when it comes to offering a bonus either. If you are trading with this broker, the first thing you may want to try out are some of the demo account contests.
These great contests come with prizes of up to $500 real cash if you are trading through metatrader, and $150 if you are using ctrader. If these pique your interest, then you can decide to deposit for real, and benefit more from a 50% deposit bonus which is on offer. On top of this, there are many other prizes including merchandise to be won from a broker who is strong, trusted, and growing all the time.
8. FXTM
FXTM is one of the biggest names in the industry. They have also not forgotten a strong bonus infrastructure, and for this reason, they too feature on our list of the best brokers for bonus offers and promotions.
At the core of the FXTM bonus offering is their excellent loyalty program. Here, the more you trade, the more you can get paid. At the maximum level you have the ability to earn as much as $10,000 from the program. Also offered by the broker are a great range of both demo and live trading contests where you can compete against your fellow traders to win top prizes.
9. Vantage FX
Vantagefx is next in our selection of the best forex brokers who offer a good range of bonus systems. Here you will be able to take advantage of a 50% deposit bonus that will allow you to trade risk-free with bonus cash from the broker based on how much you deposit.
Vantagefx also offers a great and very rewarding loyalty program where you can avail of 10% rebates on your trades up to $2 per lot traded when you deposit at least $1,000. With the broker and this program, there is no limit on the trade size at all. The higher the lot size you trade, the higher your bonus will be.
Different type of bonuses
When choosing your forex broker bonus, it is also important to keep in mind that there are many different bonus types available. Here is a more detailed look at exactly the kind of bonuses that are offered by brokers:
Forex deposit bonus: the forex deposit bonus is a certain amount of money offered as a bonus based on the amount which you deposit. In the case of many brokers, this can mean matching your deposit amount with an equal bonus amount.
Forex no deposit bonus: A forex no deposit bonus, as you might gather from the name, is a bonus which is offered to you with no deposit required. In most cases, you simply have to complete the registration process. This money is free and can be used in real trading at no risk to your own money.
Welcome forex bonus: the welcome bonus can be similar to a no deposit bonus. You will get a bonus money amount for completing registration, and in some cases based on the amount of your first deposit.
Loyalty program: A forex broker loyalty program, just like any other, is usually based on how much you use the service. In this case, the more you trade, the more you will be rewarded by such programs. These rewards could come in the form of lower trading costs, additional premium trade tools, physical prizes, access to live events and meetings, and much more.
Points system: the forex broker point systems can also be based on loyalty programs. With these systems, the more you trade, the more points you will earn. These points can then be used to access monetary prizes, cars, vacations, and more.
Cash back and rebates: cash back and rebate programs are also a very common form of bonus. Just as the name suggests, with this form of bonus, you can earn money back for each lot you trade.
Money protection bonus: this is not a very common form of forex broker bonus, though it exists, nonetheless. This kind of bonus from your broker actually protects your funds from reaching a certain negative level, and in some cases, anything beyond this negative point can be refunded.
Forex contest prize: there are a wide range of brokers who organize contests which you can participate in with virtual funds against other traders. If you win some of these contests through making the most profit from virtual funds, then you can win all kinds of great prizes including cash, cars, and more.
Why do brokers offer forex no-deposit bonuses and other bonuses?
There are several reasons why your broker may offer a no deposit, or other type of bonus. One of the primary reasons for this is to create value for you as a trader, and to attract new traders to the industry and that broker.
This method is accepted in many parts of the world, though not in europe. Within the EU, the offering of the majority of these kinds of bonuses is not allowed by the regulator. ESMA does this in a large part to protect beginners from getting involved in trading without the proper knowledge and ultimately losing their money.
Tips on how to choose a bonus and a broker
If you are thinking about choosing a forex broker, the bonus is just one element of this choice, and it should not be a large factor in your decision-making process. First and foremost, you have to choose a broker who is trustworthy, and well-regulated. Luckily all of the brokers on our listing are both of these things.
Once you have done this, then you can think about the bonus they are offering, but do not make your choice based on the broker bonus alone. You have to consider all of your trading needs. In this case, you may want to try out a broker first. This would be a great time to select a no deposit bonus broker so you can try out their real trading at no risk to you.
Best brokerage account bonuses in january 2021
Brokerages are aggressively competing for your money. One way they do so is by offering competitive bonuses that you can add right to your brokerage account. It's important to know the best offers so that you can decide whether it's a good time to open a brokerage account and take advantage of what is often risk-free cash.
Here bankrate tracks the best brokerage account bonuses to help you compare active offers.
Best brokerage account bonuses in january 2021
- Ally invest: $50 to $3,500
- Merrill edge: $150 to $900
- Charles schwab: $100 to $500 (personally referred friend offer)
- E-trade: $50 to $2,500
Ally invest: $50, $200, $300, $600, $1,200, $2,500 or $3,500 bonus
New ally invest clients can earn up to a $3,500 cash bonus if they open a new account by march 31, 2021. The qualifying deposit must contain funds from outside of ally financial, and a person can only get the offer on one new ally invest securities LLC account. As an extra incentive, ally will credit your transfer fees from another brokerage, up to $150 as long as you bring at least $2,500 over to the new account.
Ally invest checks your deposit 60 days after your account is opened to determine the total qualifying deposit. You'll receive your cash bonus within 10 business days after this review.
To receive a cash bonus, you must:
- Deposit at least $10,000 in a new ally invest account.
- Be a U.S. Resident.
- Not be an existing ally invest account holder or a former ally invest account holder (which includes former tradeking securities LLC account holders). You’re not eligible to receive the cash bonus if you closed one of these ally invest accounts within the past 90 days.
You must use the "open account" button associated with this offer on ally invest's site for opening your account to be eligible for this offer.
Here are the bonus tiers for this offer:
- To receive the $50 bonus, deposit or transfer $10,000-$24,999.
- To receive the $200 bonus, deposit or transfer $25,000-$99,999.
- To receive the $300 bonus, deposit or transfer $100,000-$249.999.
- To receive the $600 bonus, deposit or transfer $250,000-$499,999.
- To receive the $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive the $2,500 bonus, deposit or transfer $1 million -$1,999,999.
- To receive the $3,500 bonus, deposit or transfer $2 million or more.
Once you receive your bonus, both the cash bonus and your qualifying deposit (minus any trading losses that are incurred) can't be withdrawn for 300 days. A withdrawal may cause ally invest to revoke your bonus.
Read bankrate’s ally invest review to learn more.
Merrill edge: $150, $225, $375 or $900 bonus
When you open a merrill edge IRA or cash management account and make a qualifying deposit within 45 days of opening you can earn up to a $900 bonus. You need to use offer code 900ME during the account opening. This can be done while applying online or using it when speaking to a merrill edge financial adviser on the phone or at select bank of america branches. This offer expires april 15, 2021.
To receive a cash reward, you must:
- Enroll for the offer at the time of account opening.
- Deposit net new assets of at least $20,000 into your merrill edge account within 45 days of opening the account.
- You must be enrolled in the preferred rewards program within 90 days of making the deposit.
- Maintain that balance for at least 90 days.
The offer limits you to one IRA - rollover, traditional, roth and sole-proprietor SEP only - and one cash management account. Each account holder can't have more than two enrolled accounts.
Assets from bank of america, merrill lynch, pierce, fenner & smith incorporated (MLPF&S), U.S. Trust, or 401(k) accounts administered by MLPF&S aren't qualifying net new assets.
You'll receive your cash reward two weeks after the initial 90-day period, assuming you meet eligibility requirements.
Business/corporate accounts, investment club accounts, partnership accounts and certain types of fiduciary accounts held at merrill edge aren't eligible for this offer. The offer also doesn't apply to accounts, which include iras or cmas, held with other business units of MLPF&S.
Here are the bonus tiers:
- To receive the $150 cash reward, deposit $20,000 to $49,999.99.
- To receive the $225 cash reward, deposit $50,000 to $99,999.99.
- To receive the $375 cash reward, deposit $100,000 to $199,999.99.
- To receive the $900 cash reward, deposit $200,000 or more.
Read bankrate’s merrill edge review to learn more.
Charles schwab: $100, $200, $300 or $500 (if you’re referred by a friend)
Schwab is offering personally referred friends the opportunity to earn up to $500 when they use a referral code, given to you by a current schwab customer, and open an eligible account at schwab.
To receive the bonus award, you must:
- Receive a referral code from a friend or family member.
- Be a new schwab client and make a qualifying net deposit within 45 days of both becoming a schwab customer and opening an eligible retail brokerage account.
You're limited to one per account and only one account per client when you receive a referral.
Schwab retail brokerage accounts and iras are eligible for this offer. This includes accounts that are enrolled in schwab-sponsored investment advisery programs, such as schwab intelligent portfolios, schwab managed portfolios, schwab managed account select and connection and schwab private client.
You'll receive your bonus approximately a week or two after the 45-day period ends if you made a qualifying deposit when becoming a new schwab customer and enrolling in the referral offer.
Schwab may charge back its bonus award if taxable accounts aren't kept at schwab for at least one year.
Here are the bonus tiers for this offer:
- To receive a $100 bonus, deposit $1,000-$24,999.
- To receive a $200 bonus, deposit $25,000-$49,999.
- To receive a $300 bonus, deposit $50,000-$99,999.
- To receive a $500 bonus, deposit $100,000 or more.
Read bankrate’s charles schwab review to learn more.
E-trade: $50, $100, $150, $200, $300, $600, $1,200 or $2,500 bonus
You can earn a cash bonus if you open a retirement or brokerage account and fund it with $5,000 or more within 60 days of account opening. Your account must be opened by jan. 31, 2021.
To receive a cash bonus, you must:
- Use promo code WINTER21 when opening the account.
- Open your new account with funds or securities from accounts outside of E-trade. You need to also keep the new account (minus any trading losses) for at least 12 months to keep the cash bonus.
Here are the cash bonus tiers for this offer:
- To receive a $50 bonus, deposit or transfer $5,000-$9,999.
- To receive a $100 bonus, deposit or transfer $10,000-$19,999.
- To receive a $150 bonus, deposit or transfer $20,000-$24,999.
- To receive a $200 bonus, deposit or transfer $25,000-$99,999.
- To receive a $300 bonus, deposit or transfer $100,000-$249,999.
- To receive a $600 bonus, deposit or transfer $250,000-$499,999.
- To receive a $1,200 bonus, deposit or transfer $500,000-$999,999.
- To receive a $2,500 bonus, deposit or transfer $1 million or more.
Read bankrate’s E-trade review to learn more.
Best broker promotions, deals, and bonuses of 2021
Modified date: january 20, 2021
Below is a list of 8 brokerage firms and their promotions, deals and bonuses. It’s up to you to decide which is the best offer for your particular situation, so we’ve listed them in alphabetical order for you to peruse. Enjoy!
Compare best brokerage promotions
Ally invest
Ally invest is currently offering a terrific cash promotion where new account holders can earn up to $3,500 when signing up. Details are as follows.
- Up to $3,500 cash bonus – depending on how much money you have available to deposit, ally invest is prepared to give you a cash bonus of up to $3,500 on top of your deposit.
- To qualify, accounts must be funded within 60 days of account opening. The qualifying deposit to open the new account must be made from outside ally invest. To receive the minimum cash bonus, you must invest a minimum of $10,000. This minimum must remain in the account (minus any trading losses) for a minimum of 90 days from the date of funding.
Robinhood
Once you sign up and open the app, you’ll click the link to get a free stock. From there, robinhood will add one share of free stock to your account at random. The value of the share you receive may be anywhere between $2.50 and $200, and fluctuates based on market movements. You’ll be able to keep the stock or sell it after 2 trading days. Check out our full robinhood review to learn more.
Betterment
There are tiered levels for free bonus management, which as a reminder, will wipe away the 0.25% management fee that betterment normally charges. And you have to deposit this money within 45 days after you sign up for an account. The offer is only available to U.S. Residents.
The current tiers are as follows:
- $15,000 to $99,999, one month free
- $100,000 to $249,999, six months free
- $250,000 or more, one year free
So in order to get the full year free, you have to deposit at least $250,000 to your account. However, that’s a substantial savings when you consider even the 0.25% management fee. Make sure to check out our full betterment review for more information.
Charles schwab
In order to qualify, you need to open a new account and make a net deposit of $50,000 or more. The deposit must be made within 45 days of opening the new account.
Fidelity investments
Fidelity investments also uses a sliding scale but only two tiers for free trades
- $50,000 – $99,999 deposit – 100 free trades
- $100,000+ deposit – 200 free trades
The offer is open to both new and existing account holders. You must designate an existing eligible fidelity brokerage IRA or brokerage account or open and fund a new eligible fidelity brokerage IRA or brokerage account. The bonus will be calculated on net deposits into the qualifying account over a 60-day period from the time of registration.
Firsttrade
Firsttrade is offering up to 500 commission-free trades for 30 days. Eligibility rules require you to open a new account and deposit at least $2,000 into it within 30 days of opening. That’s on top of their already low stock trading fee of $6.95 per trade.
They are also offering cash bonuses for larger deposits, in addition to 500 commission-free trades for 30 days:
- 500 free trades on $2,000 minimum deposit
- $100 bonus + free trades on deposits between $25,000 and $49,999
- $200 bonus + free trades on deposits between $50,000 and $99,999
- $300 bonus + free trades on deposits over $100,000
The account must remain open for 12 months with the minimum funding or assets required for participating in the offer. If not, firsttrade may charge the account for the cash and commission credits awarded to the account. Qualified IRA account holders must also have a brokerage account with firsttrade to receive cash rewards.
Firsttrade does disclose that they will issue a form 1099 on bonuses paid of $600 or more during the calendar year.
Firsttrade is also offering to rebate up to $200 in transfer fees if you transfer at least $10,000 from another brokerage firm.
Merrill edge
Along with the free trades, they are also offering the following bonus schedule:
- $20,000 or more, $100 bonus
- $50,000 or more, $150 bonus
- $100,000 or more, $250 bonus
- $200,000 or more, $600 bonus
On the surface, this doesn’t look as generous as the previous broker bonuses, but on closer inspection, you’ll see that the $600 kicks in at $200,000, while the others all require $250,000 to get the same bonus money.
The offer applies to new accounts only. You must make a qualifying deposit to your new account within 45 days and maintain the deposit for a minimum of 90 days. Like firsttrade, merrill edge confirms that they may issue a 1099 on the cash bonus.
To be eligible the trade must be an equity security, 1,000 shares or less, priced greater than $1, and placed through a self-service channel. Options are not subject to the free trades. After 50 free trades or 90 days (whichever comes first) the account will revert to your gold or platinum fee schedule, depending on asset and activity levels. The offer is good through december 31, 2015.
Top 10 forex brokers with no deposit bonus – A synopsis
- Introduction
- What is a forex bonus?
- Forex bonuses - different types
- What are the pros and cons of forex bonuses?
- How does a bonus in forex work?
- How to find the best forex bonus?
- The best forex bonuses
- Pax forex - recommended for US traders - 100% bonus
- Avatrade | 2 x $200 forex welcome bonuses
- Markets.Com | £25 forex no-deposit bonus
- Plus-500 | £20 no-deposit forex
- FBS | best forex no-deposit bonus - $100 bonus
- XM | multiple forex options offered
- CMC markets | 2 x $200 forex welcome bonuses
- HYCM | 10% deposit bonus up to $5,000
- Tick mill | $30 sign-up deposit bonus
- Templerfx | $30 no-deposit bonus
- A quick overview
- Factors considered
- Conclusion
Introduction
The global trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.
To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.
What is a forex bonus?
A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.
Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.
Forex bonuses – different types
There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.
Forex no-deposit bonus
It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.
Initial deposit bonus
A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.
This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.
Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.
What are the pros and cons of forex bonuses?
How does a bonus in forex work?
How forex brokers bonus work?
To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:
Deposit bonus:
The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage –with a welcome bonus.
Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.
No-deposit bonus:
Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.
Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.
Terms and conditions for bonus:
The forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.
Minimum trade amount to withdraw:
There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.
This is suitable for people who are:
- Regular traders who place dozens of trades per day.
- Often play through the set amount of the trades.
- People with typically large trade sizes.
Time limit:
Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.
Eligible pairs:
In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.
Supported nationalities:
Some australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.
Minimum deposit:
Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.
How to find the best forex bonus?
The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.
Research
Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.
Reading reviews
For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.
Payment methods
Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.
Broker’s background
The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: forex broker name scam and ensure that no negative reviews are showing up.
Always be alert and stay as safe as possible while trading the forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.
The best forex bonuses
There are many forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.
Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.
Brokerage deposit bonus
Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.
No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.
Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.
Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.
Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget
Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.
Rebate – cash-back withdrawable bonus on each lot traded.
Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!
Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.
Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus
Free signals – get free trading signals from the broker.
Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.
Binary options – binary bets trading on forex instruments
Forum posting: get a small trading bonus for each of your post in forms.
3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.
Draw bonus: the winners chosen by a draw
Seminars webinars: find the schedule to participate in the online/offline events.
Expos events: inviting to attend the forex events & expos globally.
Brokerage deposit bonus
100% no deposit bonus forex brokers
If you are looking for the forex brokers with the best 100% deposit bonus, you ‘ll probably want to double your account because either you think your money isn’t enough to trade or you may think that if I can take advantage of some free money, why not!
For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.
For example, some of them are withdrawable but others are just to support your margin and enable you to trade larger lot sizes.
Some others only have the name of 100% deposit bonus and are basically for advertising purposes.
For finding the best 100% deposit bonus, I searched a lot of forex brokers and went through the terms and conditions of their deposit bonuses to see how realistic they are.
Some of them were totally useless, so I eliminated them.
I’ve found some that have better conditions than others, either they are withdrawable or not.
Let’s find out about them.
Forex brokers with the best 100% deposit bonus
Here’s a list of the forex brokers with the best 100% deposit bonus along with a concise version of their terms and conditions:
1- hotforex
Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 supper charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.
Hotforex doesn’t accept clients from the US, and canada. The UK and EU clients of hot forex can’t request for its bonuses
Let’s take a look at the terms and conditions of hotforex 100% credit bonus:
100% credit bonus
To be eligible for this bonus, you need to deposit at least $100
The bonus is available for these types of accounts of hotforex: micro, premium, and islamic
For releasing the bonus, you need to trade a specific number of lots which is calculated as follow:
For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.
There’s no time limit for completing required lots
So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.
The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size
So, besides not being able to choose the ECN account, your 3 pip positions aren’t been considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.
The maximum 100% bonus you can get is $30000 for each account and $150000 in total
So if you want to deposit more than 30K and request for the bonus, you should open two, three. Or 5 accounts.
If your equity goes below the amount of your deposit, the bonus will be canceled
For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.
You can find a full version of the conditions here.
The bonus is withdrawable
There’s no time limit for lots completion
You can’t choose ECN account
100 supper charged bonus
As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.
Let’s see what the terms and conditions of the hotforex 100% supper charged bonus are.
The minimum deposit for being qualified for this bonus is $250
Only premium and islamic accounts are available for this bonus
So just like the previous bonus, this bonus is not a good option for scalping.
Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it
The maximum bonus you can receive is $50000
The bonus is not withdrawable but profits and rebates are
For every standard lot that you trade you receive 0.2 lots
For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.
The maximum rebate you can get is $8000
Trading forex pairs and gold are taken into consideration when calculating rebates
So for example, if you trade cryptos or indices, you don’t receive rebates.
If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed
Find out more about super charged bonus here
Just available for premium and islamic accounts
2- FBS
FBS has a 100% deposit bonus offered for every deposit you make.
FBS doesn’t accept clients from the US, belize, russia, and cyprus
Ok, let’s see what we can find out about FBS 100% deposit bonus
There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit
The deposit bonus is available for all types of FBS accounts except for ECN
The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots
There’s no time limit for completing required lots
The required lots are calculated as follow:
For example, you deposit $120 and receive $120 as deposit bonus. You need to trade 40 lots before withdrawing the $120 bonus.
If you lose 70% of your initial deposit, the bonus will be canceled
The maximum bonus that you can ask for is $10000.
You can find more information about FBS deposit bonus after registration here and in your cabinet.
The bonus is withdrawable
There’s no time limit for completing required lots
Fewer required lots compared to other brokers
No ECN account available
3- roboforex
Roboforex has another forex broker that has up to 120% deposit bonus which is called classic bonus.
Roboforex doesn’t accept clients from the US, canada
The minimum deposit is $10
You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.
For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.
You can withdraw the bonus after trading a specific number of lots as follow:
For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.
No time limit for lots completion
The maximum bonus you can ask for is $50000
The bonus will be canceled if you lose your deposited money
There’s no time limit for lot completion
No ECN account available
4- instaforex
Instaforex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.
Instaforex don’t accept US residents
There’s no minimum deposit for using this bonus
The bonus is not withdrawable and you can only withdraw your profits
The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus
For example, you deposit $7000. In this case you can get 100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000 which is around $666. Therefore, for your $7000 deposit, you can receive around $41666.
Only the standard and cent accounts of instaforex are available for this bonus
You can just trade forex pairs and other trading instruments such as cryptos, indices, and etc aren’t available
If your equity goes below the 120% of the bonus, it’ll be canceled
For example, you deposit $100 and receive $100 as the bonus, now you have $200. Then you trade and lose $120. In this level, your bonus will be canceled and your account will be $0.
If you don’t trade for one month, the bonus will be canceled
More about terms and conditions here
Not much, because the bonus acts as margin supporter
5- justforex
Just forex has several one-time deposit bonuses including 50%, 100%, and 115%.
Justforex don’t accept US residents
The minimum deposit for 50% bonus is $100. Between $100 and $500 you can request for 100% bonus and above $500, you can receive 110% deposit bonus.
The bonus is withdrawable after trading a number of lots
The number of lots you need to trade before the withdrawal is calculated as follow:
There’s a time limit of 30 days for completing the required lots
For example, if you deposit $300, you’ll receive $300 as the bonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.
Pro, mini, and standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of justforex are not included.
The maximum bonus that you can ask for is $40000
If your equity goes below your deposit, the bonus will be removed
For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.
The trades with the targets of 3 pips and less are not considered when calculating required lots
So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.
You can find a complete version of justforex terms and conditions here.
110% deposit bonus available
Time limit for completing required lots
ECN account is not available
6- superforex
Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020
Superforex doesn’t accept US residents
The minimum money you need to deposit in order to ask for 202% bonus is $100 and there’s no minimum deposit for 120%
The bonus is not withdrawable and you can only withdraw the profits that you make
There’s no time limit for keeping the bonus amount in your account
If you lose your deposit, the bonus will be removed
If your margin level goes below 300%, the bonus will be canceled
So basically the bonus is worth nothing and is just for attracting clients
You can find more information after registration in your cabinet
7- trader’s way
Trader’s way is a forex broker that has deposit bonuses up to 100%.
Trader’s way accepts clients from all around the world including US residents.
There’s no minimum deposit for the 100% deposit bonus of trader’s way
The bonus is withdrawable and you can redeem it by trading a number of lots
For every dollar to be released, you need to trade 2 standard lots.
Let’s say you deposit $100 and receive $100 as the bonus. The $100 in your account is a 100 dollar credit and is not considered your money. As a result, if stop out takes place, it won’t help your margin.
Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading
The maximum deposit bonus that you can receive is $5000
This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of trader’s way. MT5.ECN and ctrader that are the other two types of this broker are excluded from this deposit bonus
There’s no time limit for releasing the bonus
News trading is prohibited when you are trading with an account attached to the bonus
More required lots compared to other 100% deposit bonuses
Common terms and conditions of 100% deposit bonus
Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.
Let’s take a look at the ones that you probably see in the terms and conditions of the 100% deposit bonuses.
If a deposit bonus is withdrawable, you need to trade a specific number of lots before you can withdraw that.
Every forex brokers set out its own calculation for required lots. For instance, some tie every dollar to one lot and others release $3 for one traded lot.
For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.
Another condition that you might come across is time limit.
Sometimes a forex broker sets a time limit for trading the mentioned specific lots. For example, you need to trade 30 lots in one month.
If the required lots you need to trade are in the common categories such as one lot for 1, 2, or 3 dollars; that time limit makes the bonus hard to release.
For example, you get $120 and for releasing that, you need to trade 40 lots in 30 days. As you can see, it’s very hard to pull off.
The next condition that you might see is setting a limitation on the maximum 100% deposit bonus you can request for.
For example, the max bonus you can receive is $50000 so if you deposit $60000, you only receive $50000 as bonus, not $60k.
The other important condition that you should be aware of is related to the number of withdrawal or the conditions that might happen if you withdraw your money before trading all the required lots.
In some cases, you can only withdraw once and after that, your bonus will be canceled.
For example, you’ve received $100 as deposit bonus. According to the conditions of the bonus you need to trade let’s say 50 lots. You trade 10 lots and release $20 of your bonus.
If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.
The bottom line
If you are looking for increasing your edge and profitability, looking for the forex brokers with 100% deposit bonus can be a wise idea because if there’s extra money to make, why shouldn’t.
However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.
The only way that you can be confident about that is by reading the terms and conditions of the bonuses meticulously.
I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.
So, let's see, what we have: if you have extra cash that you’re looking to invest, brokerages are looking to reward new clients with attractive bonuses. Are you happy with your current broker or is it time for a change? Here are some of the best brokerage account bonuses. At brokerage deposit bonus
Contents of the article
- Top-3 forex bonuses
- Best brokerage account bonuses in january 2021
- Advertiser disclosure
- How we make money.
- Editorial disclosure.
- Share
- Editorial integrity
- Key principles
- Editorial independence
- How we make money
- Best brokerage account bonuses in january 2021
- Ally invest: $50, $200, $300, $600, $1,200,...
- Merrill edge: $150, $225, $375 or $900 bonus
- Charles schwab: $100, $200, $300 or $500 (if...
- E-trade: $50, $100, $150, $200, $300, $600,...
- Best brokerage account deals and bonuses right...
- Get more cash to build wealth with these top...
- Best brokerage account bonuses right now
- 1. TD ameritrade bonus: $350-$2,500
- 2. M1 finance bonus: $250-$2,500
- 3. Stash bonus: $5 slickdeals bonus
- 4. Betterment bonus: 1-12 months free portfolio...
- 5. Blockfi bonus: $15 – $250 in free bitcoin
- 6. Ally invest bonus: $50 –...
- 7. Robinhood bonus: $2.50 – $200 worth of free...
- 8. Webull bonus: $8 – $1,600 of free stock
- 9. Charles schwab: $100-$500
- 10. Merrill edge self-directed account bonus:...
- 11. E-trade brokerage and retirement accounts:...
- Top 10 best forex brokers with bonus and...
- Are these bonuses really free money?
- What should I check when choosing a bonus?
- Top 9 forex brokers with bonus and promotions
- Different type of bonuses
- Why do brokers offer forex no-deposit bonuses and...
- Tips on how to choose a bonus and a broker
- Best brokerage account bonuses in january 2021
- Best brokerage account bonuses in january 2021
- Ally invest: $50, $200, $300, $600, $1,200,...
- Merrill edge: $150, $225, $375 or $900 bonus
- Charles schwab: $100, $200, $300 or $500 (if...
- E-trade: $50, $100, $150, $200, $300, $600,...
- Best broker promotions, deals, and bonuses of 2021
- Compare best brokerage promotions
- Ally invest
- Betterment
- Charles schwab
- Fidelity investments
- Firsttrade
- Merrill edge
- Top 10 forex brokers with no deposit bonus – A...
- Introduction
- What is a forex bonus?
- Forex bonuses – different types
- What are the pros and cons of forex...
- How does a bonus in forex work?
- Deposit bonus:
- No-deposit bonus:
- Terms and conditions for bonus:
- Minimum trade amount to withdraw:
- Time limit:
- Eligible pairs:
- Supported nationalities:
- Minimum deposit:
- How to find the best forex bonus?
- The best forex bonuses
- Brokerage deposit bonus
- Brokerage deposit bonus
- 100% no deposit bonus forex brokers
- Forex brokers with the best 100% deposit bonus
- Common terms and conditions of 100% deposit bonus
- The bottom line
