Some of the Forex brokers offer a no-deposit bonus. This might sound like a good deal, the advantages of this are not as the deposit bonus.
Below are some benefits that the initial deposit bonus could provide-
- Bigger trading capital/equity- If there are chances of getting the deposit bonus then there is acquired a bigger trading capital or the equity. For instance, if you fund your account with 1000 dollars and you get a bonus of 30% so the equity would be 1300. With increased capital, there is a possibility of trading without increased risk. Bigger trading equity especially gives a benefit when someone can win a trade. If the amount of the initial deposit is increased then it will let one hold more positions and trade even bigger lot sizes. To suffice the better deposit bonus program gives options of playing with the foreign exchange market and increasing chances of earning even more.
- Increase leverage- As the capital increases in account then the position size of the trade is better. This also increases the likelihood of earning profits. As the part of the equity that is traded in the bonus, so it can leverage the position at greater benefit than if you are using self-funds. This eliminates the risk which is accompanied by increased leverage.
- Reduced initial investment- There is a minimum deposit of earning a bonus which begins at 30%. If you could afford this and you want more positions thereby increasing the deposit to more. With a bonus that doubles as extra trading capital then one can surely trade varied position sizes for increasing possibilities of one making more profit.
- Better testing of trading platform- If you want to check the performance of the trading platform the minimum deposit as is combined with deposit bonus then it would give enough funds for exploring. One can use that capital for checking out how fast a platform executes a trade for preventing slippage.
- Verification of how broker takes care of traders- One needs to be meticulous of terms and conditions which accompany the bonus program. It is better to trade with a broker who offers the proportional removal of the bonus as it is withdrawn from the account.
You can find varied deposit bonuses and if you have been searching for the Best Ten Deposit Bonus in the Forex Market then we are the ones to trust for finding and applying to the same.