A forex bonus is free money that a forex broker gives you to trade using its trading platform. The only string attached is that you can’t take out the amount unless you trade a certain amount of positions. There are a number of forex bonuses and not every bonus is the same. They vary in size, type and bonus clearing requirements. And obviously each of them has its own pros and cons depending on the amount of your trading capital, trading strategy and trading experience.
There are usually four types of forex bonuses featured by different forex brokers –
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- Forex pending bonus
- Forex no deposit bonus
- Forex instant bonus
- Forex reload bonus