Trading with bonus funds or using other online trading promotions can give your account a boost. Here we list the best broker bonus offers and other trading account promotions in March 2023.
Latest Trading Promotions
The World Forex Jet Trade promotion is doubling deposits for new traders. The funds can be used to speculate on the broker’s wide range of instruments, including CFDs on stocks, forex, commodities, and digital contracts.
Popular broker, RoboForex, is offering up to 10% in extra funds to active traders.
The program is available on all live accounts, including ECN, Prime and CopyFX. Clients can choose whether to withdraw the money or trade on the broker’s 12,000+ instruments spanning 8 asset classes.
Top-rated forex and CFD broker, XTB, is running a flexible cashback program that rewards clients based on trading activity. The more users trade, the more cashback they earn. Cashback is automatically credited to client accounts within seven days of the previous month’s end.
European binary options broker, CloseOption, is running a weekly trading competition on its web-based platform.
Participants are given $10,000 in virtual funds and the traders that accumulate the highest balance at the end of the contest are awarded cash prizes.
STP broker, Amega, is offering a 150% deposit bonus to new clients that register for a live account. The promotional funds can be used to speculate on the broker’s selection of CFDs in stocks, indices, metals, energies, and cryptos.
Traders that open an account with Vantage and deposit $1000 can qualify for free VPS hosting.
A VPS ensures trading connectivity so that the MetaTrader 4 platform can run around the clock with no downtime or interruption.
Anzo Capital is offering a 10% deposit bonus to clients that open a new MT4/MT5 trading account and maintain a balance of $500. Bonus funds can be used to speculate on forex, spot gold (XAU/USD) and spot crude oil (Brent & WTI).
ForexChief is offering a $100 no deposit bonus to new clients that open a live trading account, verify their profile, and install the Android app.
Bonus funds can also be withdrawn once turnover requirements have been satisfied.
SimpleFX is offering a large welcome bonus to new clients. Promotional funds can be used to speculate on the broker’s 170 instruments, including forex, stocks, commodities, and cryptos. The bonus can also be withdrawn once the trading funds have been converted into account equity.
Multi-asset broker, World Forex, is running a Cashback Club where account holders can get money back on each lot they trade.
Promotional funds can either be withdrawn for real money, exchanged for other bonuses and rewards, or traded in other assets.
Coinexx is offering a 100% deposit bonus available as extra margin on live trading accounts. The funds can be used to increase trades or take positions on multiple assets. The sign-up offer is available to all new clients and can be used with 1:200 leverage.
Dukascopy is offering a 20% discount on volume trading commissions.
Clients have one year after signing up for the discount program to satisfy the volume conditions.
FXCentrum is running a heavy metals trading competition available to all account holders. Clients simply need to pay an entrance fee and close 1 lot on 7 precious metals using capital provided by the broker. Read on for prize details and competition rules.
LegacyFX is allowing clients to undo losing trades, essentially providing a safety blanket for new investors.
Up to seven trades can be reversed depending on the size of the initial deposit.
FXCC traders that maintain account equity of $2,500 and trade 30 standard lots per month can qualify for a free virtual private server.The VPS service is managed by BeeksFX and offers faster order executions, secure servers, and round-the-clock access.
RoboForex is topping up eligible traders’ accounts with a 60% deposit bonus.
The promotional capital can help limit losses on your own funds through drawdown. Profits can also be withdrawn once wagering requirements have been satisfied.
VT Markets will reimburse losses for new traders. Investors can get started in four steps and claim back losses within the Client Portal. The online broker will pay back up to 50 USD within 24 hours of users requesting the trade loss rescue.
FCA-regulated broker, ActivTrades, is offering a unique cashback programme for clients that trade a notional value of $50 million.
Users can also earn interest on balances that aren’t being used to secure open positions.
The TMGM Ultimate Trading Competition is available to new and existing clients with an MT4 account.The tournament will end on 31 March 2023, with the winners notified within 10 working days and accounts credited with prize funds within 30 working days.
The XM virtual private server (VPS) is situated 1.5 kilometres from the broker’s data centre in London and offers optical fibre connectivity.
Users can connect to the VPS from any location, making the most of XM trade executions.Find out how to qualify.
Tixee is offering a welcome bonus that ranges from 30% to 100% of the starting deposit.Clients can earn between $250 with the Entry account and $10,000 with the Premium and VIP accounts.We unpack the sign-up offer, alongside key terms and conditions below.
AAAFX is running a 100% deposit bonus for global clients.
Promotional funds are added to client accounts as additional margin. Find out how to claim the welcome bonus and boost your trading funds.
FxPlayer is offering tiered welcome deposit bonuses ranging from 100% to 500%. The more clients trade, the bigger the bonus. We break down joining instructions and key terms and conditions below.
Award-winning forex and crypto broker, AAAFx, is offering a free VPS for traders that deposit $5,000.
The virtual private server ensures uninterrupted trading operations, lending it to automated investing strategies and trading signals. Read on for the details.
RoboForex is celebrating its 12th birthday with a host of giveaways and cash prizes. The promotion will run from 1 July 2022 to April 2023. $1.2 million in bonus funds will be distributed across 64 prizes in 10 months starting in July. The cash rewards will be split between payments of $1,000 and $20,000 each month.
PrimeXBT is running virtual trading competitions that are available to all account holders.
As well as a good way to test run strategies, winners can earn real prizes and bonuses. The crypto and NFT broker’s tournaments are free to enter and use virtual funds. Read on for the details.
AAAFx is introducing an ECN Plus account with zero-commission trading conditions. The online broker will offer reduced fees on stocks, indices, currencies and commodities. We explain how the new trading account works.
The LegacyFX loyalty programme is a great way to get more from trading.
New users can start at the Smart level before progressing to Wise, Expert and finally, Genius. Account holders simply need to meet minimum deposit, balance, and trading volume requirements. Users also need to attract new investors to the platform.
FBS is a top-rated broker offering up to $140 in free trading capital. The new bonus can be used to trade on the company’s range of forex and CFD assets. Find out how to qualify for the welcome bonus, along with any withdrawal terms and conditions.
Popular CFD, forex and copy trading broker, OctaFX, is offering a 50% deposit bonus.
New users simply need to sign up for a live account and make a deposit to get the account boost.
Traders can activate the bonus at any time with automatic payouts after satisfying volume requirements.
South-African forex and CFD broker, Global GT, is offering a three-tiered welcome bonus to new users.The offer applies to Mini and Standard+ accounts (PRO and ECN profiles do not qualify).The maximum bonus available is $1000 and traders can claim the welcome offer in three steps.
tastytrade, previously tastyworks, is offering a welcome deposit bonus to new traders.
The larger the initial deposit, the larger the bonus. The promotion is available until 31 March 2023 and the minimum qualifying deposit is $5000.
The offer is not available.
M1 Finance is offering a welcome bonus of between $75 and $500 depending on the size of the initial deposit. The offer is available to US residents who have not registered for an M1 account before. Read on for details.
Vantage is offering a rebate on initial deposits made in Tether (USDT).
Users can opt-in from the Client Portal and receive staggered cash rebates when trading requirements have been satisfied. The USDT deposit deal will run until the $500,000 rebate pot is empty.
InstaForex is running a 100% deposit bonus. Traders can double their first deposit and use promotional funds to speculate on the broker’s 100+ currency pairs. Read on for joining instructions, plus bonus terms and conditions.
FBS is making copying trading risk-free for first-time traders.
On copy trades up to $100, your losses will be covered on the first three trades. And, if you make a profit, you get to keep your rewards. This leaves traders with just two outcomes: making money or retaining their original deposit amount.
What is a Trading Bonus?
If you want to use brokers with bonus offers or other incentives, it’s important to understand the different varieties out there. From no deposit bonus schemes to explaining why free bonuses are usually not free at all, we will explore the bonus and promotion offers at a range of brokers. We detail the types of bonus available, why forex trading bonuses might differ and which strategy can maximise bonus returns. We also reveal why the key to bonuses is always to read the terms and conditions.
A bonus provides you with potentially free money for trading and is normally offered by a broker as an incentive to attract new clients who can then try trading with little or no risk.
There are different types of trading bonus offers and requirements for getting the bonus paid out to your account. We detail these below.
No Deposit Bonus
The no deposit bonus is the most lenient of bonuses, as it does not require you to deposit any funds at all before you get the bonus.
Normally, a broker requires a deposit before offering a bonus. However, with a “no deposit” bonus, anyone can receive the bonus after creating a new account.
It is important to note that there may still be requirements that must be met before trading profits can be withdrawn. These requirements may be stricter for this type of bonus compared to others. Typically, a certain total volume must be traded before withdrawing profits derived from the bonus money.
Considering the generosity of providing free money to new traders, it makes sense to have these requirements in place. It is important to ensure that you are comfortable with the requirements before signing up.
A “welcome bonus” is a reward for new traders who sign up for an account. The purpose of this bonus is to make new clients feel welcome and make it easier for them to start trading immediately. A welcome bonus may require a deposit, so it is important to review the bonus requirements before signing up.
Deposit Match Bonus
The “deposit match bonus” matches a percentage of your deposit up to a certain maximum amount. For example, if the bonus is a 30% match up to $5,000 and you deposit $1,000, the broker will provide an additional $300 ($1,000 * 30%). The maximum bonus you can receive is $5,000, which requires a deposit of at least $16,667 ($16,667 * 30% = $5,000). Even if you deposit more, you will only receive the maximum $5,000.
Note: alternate definitions of the maximum amount have been seen, where “30% match up to $5,000” means that even if you deposit more than $5,000, you will only receive the 30% bonus on $5,000.
In other words, the maximum amount pertains to the maximum deposit on which you will get the 30% bonus, and NOT how much bonus you can maximally get.
Attention! For a serious trader the distinction between the two maximum amount definitions can make a big difference, so make sure you understand the requirements before signing up and depositing.
Most bonus types have requirements regarding how much you have to trade before you can withdraw profits. For some traders this is okay, while to others it becomes a source of frustration.
Due to bonus abuse by many unscrupulous traders, the requirements have by necessity become so strict that you might be better off without one. However, it’s impossible to give individual advice, as it comes down to how much money you want to trade with and how long you can wait before you make a withdrawal.
In the long run a trading bonus will not make a huge difference to many traders, and might make things feel more complicated and thus spoil the joy of trading. Only use a bonus if you feel it makes sense to you personally.
Do I have to accept a broker’s trading bonus?
Normally you don’t have to accept a bonus deal just because a broker is offering one.
You might have to explicitly opt out of a bonus however, so make sure to check the terms and conditions when signing up.
Is a bonus basically free money?
While a bonus offer can sometimes sound like free cash with no requirements involved, there are always terms and conditions attached. If this wasn’t the case, what would stop dishonest traders from just withdrawing the funds without trading?
Which Brokers Have Bonus Offers?
Due to regulation in many countries, it can be hard to find brokers with a bonus. However, we have collated all available bonuses here and also list other kinds of ongoing trading promotions and incentives.
Traders that are looking for a promotional offer should see our our list of brokers with bonus offers.
Note that using a broker’s bonus offer is not necessarily best for all traders.