What are Best Forex Bonus Lab Features?
Forex Bonus Lab is a web portal dedicated to reviews of the best trading bonus offers. There are many scam forex brokers that try to lure you into trading by offering attractive, but scam forex bonus promotions. Forex Bonus Lab guides you though the selection of the forex deposit bonus & no deposit forex bonus deals.
Best Forex Bonus Offers 2019
Check out the best trading bonus promotions listed in the Forex Bonus Lab at 2019 below. Click learn more to find read the bonus offer description. You can try visiting our Free Deposit Bonus page to see what is available without deposit. Forex Bonus Lab’s Deposit Bonus page shows your premium offers available with a funded forex trading account. BestForexBonus reviews made easy!
Best Forex Free Accounts
If you are unexperienced trader or just want to check conditions of the specific broker before you deposit money with it, Forex No Deposit Bonus is exactly what you need. We have created a list of top free FX deals for 2019 so you can pick the best one for you and start your trading career.
Best Bonuses Contest
If you are looking for the possibility to show off your trading skills and earn some cash without risking your own money – win a contest and get a reward!
Is Forex Bonus Lab only about FX Deals?
Absolutely not. Forex Bonus Lab is much more than that. Having started defining best currency trading bonuses for 2019, we have moved to best forex broker reviews, forex trading platforms and even binary options brokers. Now the main aim of Forex Bonus Lab is to provide you with honest & interesting information for successful forex trading online.
Best Forex Brokers 2019
*Leverage applies to the EU regulated entity of the Group. Leverage depends on the financial instrument traded.
Best Binary Options Brokers 2019
Watch Forex Bonus Lab video below and you will know how to find the Best Forex Bonus!
Forex Bonus Lab constantly keeps an eye on the latest forex bonus promotions. Browse below to find the best trading deal!
- No Deposit Bonus
- Forex Rebates
- Bonus on Deposit
- Demo Contests
- Best Forex Trading Accounts
- Best FX Broker Reviews
- Trusted Bonus Deals
We have it all. Always up to date!
So what is the best forex bonus?
Our answer – it depends. There is actually no such thing as the most suitable bonus. Forex offers are different, same as the forex brokers. What is important is to find the most suitable forex bonus for yourself. In general, Forex Bonus Lab recommends you to examine your trading needs before signing up for any best forex bonus promotion. You make money on trading, not on bonus.
If you are a beginner in forex trading, do not look for the best no deposit forex bonus. You will start small and you will get disappointed quite fast, as all of your trades will be done without appropriate risk management. Forex Bonus Lab tip for starters – look for education and practice on a trading demo account. Learning is a key for making profit on this market.
Experienced trader? Then the best fx bonus for you could either be a rebate or a deposit bonus. There is a plenty of offers here and to find forex bonus promotions for yourself, you need to examine your trading style. Don’t go for big numbers, go for the bonus you can cash out! Keep in mind that sometimes less is more.
Don’t forget to join Forex Bonus Hunters’ Club and start receiving the exclusive bonus offers at your e-mail. There are some hidden forex bonus offers that are available exclusively for our subscribers. Get on the list and start receiving 1 email every 30 days with the bonus deals.
How can I differentiate a good forex bonus from a scam?
First of all, never go for a broker you don’t trust. The most important thing about getting the bonus is to actually benefit from it. There are various ways to take advantage out of your forex bonus. For some traders it could be just an extended leverage, for others it could be some spread compensation and for some it could even be a premier part of their trading strategy. Still, you should stick only to a trusted broker when it comes to bonuses There are many brokers that could offer you 50% or even 100% bonus on your deposit. It is not necessarily bad, but do check if your trust the broker and if it can be consistent with your strategy.
Investopedia explains bonus as something that you get extra. This is only useful when the bonus is something extra you need. If you cannot use the bonus properly, better trade forex without any bonus.
Why best forex brokers are not offering deposit bonuses?
You may have noticed that it is hard to encounter almost any forex bonus promotions with top class brokers. Such brokers as FXCM, FxPro, Alpari or XTB either do not give bonuses at all or do it very rarely. This happens because there brokers are actually operating often under Agency Model, hence they make less money than the competition. Best FX bonus promotions are usually offered by the Market Makers. Do not be afraid, there is nothing bad about market markets, unless the broker is not trusted.
With top forex brokers you usually get great trading conditions, superior platforms, transparency and security. With market makers you can get the above plus some great deposit and no deposit forex bonuses.
Forex Bonuses Under New EU Regulation
Forex trading market is well-known as being the biggest financial market in today’s world, and enormous amounts of money are present in this sector. To be more precise, several research projects have managed to record the actual level of trading within a single day, and their findings all revolve around $5 trillion per 24 hours. This gigantic figure is a clear indication of the size of this market, and that is why millions of investors are searching for ways to join the action and hopefully grab a piece of this huge pie. However, recent changes in EU regulations will significantly affect the trading process, predominantly in the area of bonuses and trading leverage, and it remains to be seen what awaits us in the upcoming period.
Types of trading bonuses
Modern broker companies are offering various types of bonuses, and it can be a bit confusing and overwhelming to learn about all of them at once. However, the most important types are welcome bonuses, deposit bonus, and no deposit bonus, and all of these categories have their benefits and drawbacks. Of course, top forex bonus deals can be a lucrative reward for any trader, but the vast majority of these deals are tied with demanding terms and conditions, which can present a problem for some investors. If you do not have enough experience in the forex market, you can be surprised by some of the elements of these “gifts,” such as the fact that most of them entail a relatively high number of trades that you have to perform.
Who regulates the Forex market?
As strange it may seem, forex trading market is not a centralized system, and there is no global overarching authority to govern the operations that are going on in this sector. For instance, no agency can prescribe some universal rules and regulations when it comes to issuing a forex bonus, and this can cause confusion and misunderstandings. However, the market is not entirely “out of control,” and several respectable bodies are trying to put as much order as possible into this hectic and fast-paced world. Some of these regulatory agencies have established themselves as the main pillars of the forex trading world, and all broker houses that want to operate in particular jurisdictions “are forced” to apply for a license from one of these licensing structures.
For example, the European financial market is regulated by the famous MiFID (Markets in Financial Instruments Directive), and this agency has been active ever since 2007. Gaining a seal of approval from MiFID is often compared to getting a “passport” for the European Union, and this license allows the brokers to offer their trading services to this vast market.
A similar regulatory body comes from Cyprus, and their CySEC has long ago overgrown the borders of this small island country. Cyprus Securities and Exchange Commission is one of the most respectable agencies in the business, and they are in charge of resolving issues and overseeing the entire trading process when it comes to forex trading, binary options, and so on.
Changes introduced by CySEC
Rules and regulations are important in any line of business, or in any human activity at all for that matter. Without a set of rules, our lives would turn to chaos and anarchy, and this would not benefit any of us. The same principle can be applied to business, and financial sector is no exception to this rule as well. Safety procedures and security protocols are crucial when it comes to dealing with large amounts of money, and forex trading world would not be so successful if prospective investors did not feel safe and comfortable in investing their funds with various broker houses. For instance, every forex trading bonus would be suspicious if it wasn’t for the seal of approval at the bottom of the page that guarantees the fairness and honesty of the broker in question. Regulatory bodies are playing the role of a policeman in the forex market, and their oversight and constant alertness are immensely important for the overall quality of the trading process.
That is why CySEC has issued a new directive, and this regulatory document will introduce new methods when it comes to bonuses in the Forex world. This directive came to power on December 15th, 2016, and all brokers are instructed to inform CySEC if they are going to use trading bonuses as a marketing tactic in the future. In case the answer is affirmative, brokers have to submit evidence of compliance with the new guideline, which significantly reduces ambiguity and similar problems. Bonuses are predominantly used to entice clients to join a particular broker house, or as a retention tool, but with the new set of rules – the game is entirely changed. Forex brokers will have to disclose all information about terms and restrictions that are tied to the trading benefits that they offer, and this will mean that misleading advertising will be eradicated.
The future of trading bonuses
Finding the best Forex bonus offers can be a tricky task, but with just a few simple steps you can quickly obtain the perfect bonus for your trading style. Of course, it is always good to learn a thing or two about the actual types of the bonuses and how they are awarded. After that, your search starts on Google or some other search engine, and you will simply have to do your homework, i.e. by reading a lot of reviews and checking the pros and cons of certain bonuses, you will be able to make an informed decision. However, it remains to be seen if the trading bonuses will, in fact, “cease to exist,” and if these trading benefits will survive the “attack” of the regulatory bodies.
The final word
Forex trading is a highly exciting and profitable area, and with the help of lucrative forex bonuses – it can be even more rewarding for some traders and investors. EU regulatory bodies are increasing the safety of the trading process, and some of the changes that they are implementing will directly affect trading bonuses and promotions. This fact can only benefit the traders since their funds will be more protected, and the risk of scams and frauds will be significantly decreased.
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