What Are Deposit-Based Trading Bonuses and How to Get Them?

When you are looking to choose a trading platform for you and thus start your career in this particular world, there is no denying the fact that you will, well, want to make a great choice. And that will undeniably require you to do quite some research. You want to choose a platform that is intuitive and easy to use, especially if you are a beginner, one that offers all the tools and the features you need to match your trading style, and one that will also have great customer support there to help you in case you need anything.

But then, you may also want something more than that. Perhaps you have come across the Pocket Option Bonus or bonuses offered by some other platforms, and that has made you realize that you can take advantage of such offers, and thus lower your risks while starting your trading journey. And, lowering the risks is always a good idea.

Of course, if you have thought about this for a while, you have realized that the trading platforms offering these bonuses are a completely logical thing. After all, the market is competitive, and these platforms have to find ways to, well, attract new traders and retain the existing ones, which is why they are offering some type of incentives with those purposes in mind. And, traders can really take great advantage of those.

Now, there are various types of bonuses out there that you can get with Pocket Option or other platforms. The fact that you are here, though, tells me that you are interested in better understanding the deposit-based trading bonuses. As mentioned, you may have come across this option while doing your own research, or perhaps some other traders have mentioned it to you, grabbing your interest.

So, what you want to do right now is get a better idea about what the deposit-based trading bonuses actually entail. And then, you also want to figure out how to actually get them. Without any further ado, thus, let us now start answering those questions for you, hoping to give you a better idea about what you should know about all of this.

Read more about what to look for in a trading platform: https://www.tradingpedia.com/forex-academy/what-to-look-for-in-a-trading-platform/

What Are Deposit-Based Trading Bonuses?

Okay, we are going to begin with the very basics here. Put simply, you want to clearly understand what those deposit based bonuses entail. And, while you may already have some ideas about this, because the concept really isn’t that difficult to understand, the truth is that you want to be sure that you understand it completely. Let us, thus, explain this to you clearly.

To cut right to the chase, a deposit-based bonus is a promotional reward that is offered by brokers to traders when those traders fund their accounts. The bonus amount is then, most usually, calculated as a percentage of the trader’s deposit. What you should know is that the money you will get rewarded this way is actually not real cash and cannot typically be withdrawn. This means that it can only be used as trading credit to increase the available margin.

Now, you may be wondering why it is that brokers offer these kinds of bonuses. No matter the percentage, be it 50%, 100%, or more, brokers understand the value that they are offering through this. And, they know that traders are bound to be attracted to the offers, which is exactly why they are doing it. As mentioned, the market is competitive, and they are doing this to attract new traders. Learn more about some forex bonus programs in general.

How to Get Them?

Having understood what these are and how they work, what you want to do next is, of course, figure out how to actually get good ones for you. And, well, there are a few important things to consider here, in order to make the right choice. So, let me now quickly tell you about those, hoping to help you make a smart decision in the end.

First things first, the bonus is just as good as the broker. In other words, you have to ensure that you are choosing a regulated broker, and that you are not making your decision based only on the percentage of the bonus you can get for your deposit. This is why going for Pocket Option and similar reliable and trustworthy trading platforms is always a good idea, because it ensures that you will have a good experience even if it is unrelated to the bonus itself.

Then, apart from that, you should also take a closer look into the bonus terms. Those include conditions like required trading volume, eligible instruments, time limits, withdrawal rules, as well as strategy restrictions. Checking those out is sure to help you ultimately make the best choice, so go beyond those promotion headlines and always look into the details.