Top 10 FX brokers offering Deposit Bonuses in 2020

Deposit Bonuses in the world of Forex are very popular, and they are used very actively by some of the best Forex brokers on the market. We have done very intensive research on the best Deposit Bonuses on the market and were able to come up with some of the best FX brokers in this regard. We are very happy to present these Forex brokers to you, so make sure to check these brokers out now!

XM

XM Deposit Bonus

Bonus Size

50%+20%*

Eligibility

All

Expires

N/A

Max. Bonus

$5,000

Multibank FX

MultiBank FX 100% Deposit Bonus Review

Bonus Size

100%

Eligibility

New

Expires

3 Months

Max. Bonus

$20,000

MultiBank FX 20%

MultiBank FX 20% Deposit Bonus Review

Bonus Size

20%

Eligibility

New

Expires

3 Months

Max. Bonus

5000$

OctaFX

OctaFX Deposit Bonus Review

Bonus Size

50%

Eligibility

New

Expires

N/A

Max. Bonus

$10,000

FXTM

FXTM 30% Deposit Bonus review

Bonus Size

30%

Eligibility

New

Expires

2 Months

Max. Bonus

$300

EverFX

EverFX 100% Deposit Bonus Review

Bonus Size

100%

Eligibility

All

Expires

N/A

Max. Bonus

$10,000

XTrade

XTrade Deposit Bonus

Bonus Size

$20

Eligibility

New

Expires

30 Days

Max. Bonus

$20

What should you know about the deposit bonus in FX trading?

The Forex trading market is very rich with the best Forex brokers that are trying to create a stable, secure, and safe market for everyone involved. To make investing in the market more rewarding, these Forex brokers are doing their best to come up with new ideas to reward the traders that are investing with them.

best deposit bonus FX brokersOne of the most popular promotions on the market is the deposit bonus, which is awarded to Forex traders when they are depositing their funds on their trading accounts. There are a number of different deposit bonuses, created so that they can satisfy the needs of both, long-time users of the broker and those who have just started trading with them.

With this offering, Forex brokers are trying to keep their existing clients hooked, while also attracting new investors to their platforms. In most cases, Forex brokers will give you part of your deposit as a bonus after putting money on your trading account, however, there are some brokers who are giving out gifts, like phones and tablets.

What difference can deposit bonus make for FX traders?

These types of bonuses can be very helpful for every trader. No matter you are just starting trading or you are an experienced trader, it is always a great thing to have some extra funds for investments. So, with deposit bonuses, the greatest thing that you can get is that you can trade a lot more than you would without it. However, for maximum success, you should be sure that you are trading with an officially regulated Forex broker, that does its job with honesty and integrity.

For beginners, deposit bonuses create an amazing environment to learn more about trading. With this additional money, you will be able to make a lot more moves and even get huge profits out of trading. So, we recommend using these bonuses a lot.

Where can you use this type of bonus?

There are many great Forex brokers that offer these bonuses, we have already talked about them earlier in the article. But, sadly, there are some places around the world where bonuses are not available. For example, it goes against local regulations in Europe to give out bonuses, because of which, Forex traders in this region can not enjoy any type of promotions whatsoever.

How to use the deposit bonus

When you are trading Forex, there is some amount of money that goes to commissions and fees that most of the traders are paying for trading. Bonuses are a great way to compensate for the money that you are spending on commissions.

Generally, deposit bonuses create a lot more useful situations for Forex traders. Some of the FX brokers on the market offer as much as 50 percent deposit bonuses, which can increase your trading amount a lot, and in the end, you could end up making huge profits.

However, to use this bonus, you need to be registered at your FX broker of choice. After you have registered, it is time to make your payment. Most of the Forex brokers are giving these bonuses automatically, but in some cases, you might have to provide special code to get the bonus, so be sure to carefully check the terms and conditions about the bonus before you start using it.

Once the bonus is on your trading account, you are free to start trading!

What makes deposit bonus different from others?

In the world of Forex, there are many bonuses available and every single one of them works very differently from one another. The deposit bonus is in many times mistaken for Forex rebates, which, in reality, is a completely different thing. When you are given a deposit bonus, it is available on your account after depositing a certain amount of money.

When it comes to rebates, there are in most cases given to everyone, no matter the size of their account. In addition, rebates are available instantly, while deposit bonuses need payment to be made.

In addition, some brokers also have no deposit bonus, which is created mostly for beginners. This bonus is given to investors when they make their first payment and is designed to attract more traders to the Forex trading platforms, and not for maintaining current clients.

Things everyone should know before using a deposit bonus

Regulated FX brokers offering deposit bonusAs much rewarding as deposit bonuses can be for traders, there still are a number of drawbacks that everyone should keep in mind. Many traders are saying that some of the deposit bonuses are actually limiting the freedom of the traders. How does this happen? The thing is that some of the brokers are not making this bonus withdrawal, which can lead to some problems for investors.

Something that we would recommend to ensure that you are as safe as possible is to always read the terms and conditions of the promotion as carefully as you can. The thing is that, in some cases, there are some hidden things behind the rules on how the bonuses can be used and this can lead to a number of problems for traders.