easyMarkets First Deposit Bonus
When you first enter the foreign exchange market, your mind is preoccupied with finding the right brokerage, selecting the best trading instruments, and adjusting the trading features accordingly. All this is undoubtedly a very burdensome process, that’s why brokers go the extra mile to introduce a little bit of joy into your trades.
Meet deposit bonuses. They’re designed to increase your initial deposits by a certain percentage point. But it’s not like all deposit bonuses are made equal.
In this review of the easyMarkets First Deposit Bonus, we’ll explore all the main offerings and conditions of this bonus. We’ll also check whether the issuer of this bonus is reliable enough. So, make sure to follow us along.
Should you trust easyMarkets with its bonus offer?
So, in order to know whether it’s safe to use this First Deposit Bonus, or any bonus for that matter, we need to check the reliability of the issuing broker; in this case, easyMarkets. And the easiest and most well-tested way is to review the broker’s regulation.
As the broker’s motto suggests, easyMarkets is ‘simply honest,’ and its regulatory materials also prove the same. The brokerage owns licenses from the Cyprus Securities and Exchange Commission (CySEC) and the Australian Securities and Investments Commission (ACIS).
Both of these regulators are known to uphold the strictest financial rules and guidelines, and monitor their subjects’ activities so that they don’t engage in fraudulent activities. And easyMarkets isn’t an exception in this case. The broker features high-powered fund protection mechanisms on its website, which guarantee that your bonus funds are safe to use.
The 50% First Deposit Bonus – Terms and conditions
Now that we’ve made sure that easyMarkets is a reliable provider, let’s see how its First Deposit Bonus performs.
As the Terms & Conditions document elaborates, all newcomers that deposit more than 100 USD on their easyMarkets accounts are entitled to the First Deposit Bonus, which can go up to 50%. Actually, the amount and percentage of bonus money you receive depend on how much you deposit to your account, which you can see in the table below:
*The bonus will be converted to the trader’s base account currency at the current market rate
As you can see, the minimum percentage of bonus is dedicated to the deposits between 100 USD and 199 USD; the minimum nominal amount is 30 USD and the maximum – 60 USD. As for the other end of the spectrum, you can get a 40% bonus for the deposits between 1,001 USD and 5,000 USD, with the nominal amounts between 400 USD and 2,000 USD.
So, if you were to deposit 5,000 USD to your easyMarkets or MT4 account, you’ll get an additional 2,000 USD to trade any available instrument on the platform. Therefore, this table goes to show how lucrative this bonus can get.
Here are some other terms and conditions you need to know about the easyMarkets First Deposit Bonus:
- As the name suggests, you can only get this bonus when you make your very first deposit at easyMarkets;
- To get the bonus, you need to contact the relationship manager and quite ‘First Deposit’ bonus;
- You have 30 days to use the bonus money, otherwise, it’ll be debited from your account;
- You can only use the bonus money to trade, it’s not withdrawable.
When you trade with the bonus money and generate profits, you’ll be able to withdraw the latter using a bunch of different methods, be it bank wire, credit/debit cards, or online wallets.
Is the easyMarkets First Deposit Bonus for you?
So, after everything you just read here, is the easyMarkets First Deposit Bonus the right choice for you?
Well, if you’re a beginner or an intermediate trader and are just starting out with easyMarkets, it’s certainly a viable option. While the minimum 30 USD bonus doesn’t sound too enticing, the maximum 2,000 USD is already a great deal.
Besides, the broker itself is as trustworthy as it can get. Therefore, we can safely recommend it to our readers.