There are different attitudes towards bonus programs offered by brokerage companies. Some traders consider them a marketing trick to bring in new clients, while others actively use bonuses to test trading conditions of the broker that awarded them, practice, or even earn real profit.
Experts at the Traders Union believe that bonuses may prove to be rather useful to traders, especially beginners, as they help increase equity. As regards to no deposit bonuses, they can be used to start trading in the financial markets without actually depositing your own funds. For this reason, TU analysts created a rating of brokers with the Best Forex Bonus in 2022.
The algorithm used by Traders Union to compile a rating of brokers with bonuses
Selection of brokerage companies for the TU rating consisted of several stages:
Stage 1. TU experts analyzed the websites of a huge number of brokers and made a list of those offering bonuses to new and existing clients.
Stage 2. All companies with bonus programs were fully reviewed based on criteria Traders Union experts use for all broker ratings. These include trading conditions, reliability, quality of service, fulfillment of obligations to the clients, etc.
Stage 3. Next, TU experts analyzed reviews of TU community members and selected brokers that traders describe positively.
Stage 4. Ten most reliable brokers with good trading conditions, client-oriented approach and positive reviews made up the rating on the Traders Union website.
Top 10 brokers with the best bonus programs by Traders Union
In 2022, the following brokerage companies offer bonuses under the best conditions:
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RoboForex;
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Instaforex;
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FBS;
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XM;
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Avatrade;
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Tickmill;
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NPBFX;
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AMarkets;
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World Forex;
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Forex4you.
These are the companies Traders Union analysts recommend to traders interested in getting bonuses.
What kinds of bonuses do brokers from the Traders Union Top 10 award?
Clients of the brokers from the TU rating can enjoy the following types of bonuses:
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Welcome Bonus. It is provided by RoboForex, XM and Avatrade.
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Deposit Bonus. Traders who opened an account with AMarkets, World Forex and Forex4you can receive this bonus.
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No deposit bonus. In 2022, this kind of bonus is offered by Instaforex, FBS and Tickmill.
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Bonuses under the loyalty program. This type of bonus is awarded by NPBFX.
IC Markets is a broker that deserves special mention, as it is regularly included in the best broker rating by Traders Union. The broker does not offer any of the aforementioned bonuses, but its clients can receive other incentives. IC Markets us offers a partnership program, where bonuses are accrued for trading results of the referred traders.
Traders Union is also a service that pays rebate for the spread. IC Markets participates in the rebate program, which means that its clients are eligible for the bonus in the form of compensation for a part of funds spent on paying the trading fee.
Written by Michael Zippo
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