Best 8 Forex Bonuses in 2022

Pax Forex is a highly popular online forex brokerage house and one of the most reputable trading institutions in the United States. It also runs an attractive loyalty deposit bonus program where they match their member’s deposits – 100% - for amounts above $1,200.

Unlike the one-time initial deposit bonus offered by most brands, Pax Forex provides you with a stackable reward where every successive $1,200 deposit attracts an additional bonus. The full bonus amounts are, however, not deposited instantly into your account but are spread and paid in 12 equal monthly installments.

Most forex brokers will only run cash-based bonus programs. FBS on the other hand offers you a comprehensive Trade 100 Bonus package. This features a free no deposit forex bonus of $100 to trade in a real account, a set of educational materials to get you started, and tips on how to make the most use of the free bonus. The $100 is made available to MT5 platform traders upon completion of account registration.

There nonetheless are some restrictions with regards to the use of this bonus as well as profits earned from its execution. For instance, FBS maintains that you can only open a maximum of 5 trade positions at the same time. And before withdrawing any profits realized here, you also must have completed the required 30 trading day’s and traded at least 5 lots.

XM has in the past few years emerged as one of the most popular international forex brokers with an solid presence in virtually every continent. And it operates both the no-deposit and deposit forex bonuses.

Every new account holder with XM is treated to a $30 no-deposit bonus upon creating and verifying their trading account. Plus XM is quite flexible when it comes to the withdrawal of both the bonus and its accumulated profits.

Here, you are free to withdraw profits gained from the utilization of the bonus. The international forex broker maintains a two-tier bonus scheme where you are awarded a 50% bonus for deposits of up to $1,000 and an additional 20% for anything else above $1,000. The maximum deposit bonus is, however, capped at $4,500.

Multibank Group operates as MultiBank Forex Exchange in the U.S. It remains one of the most reputable brokers and operates as MEX in all other major forex trade jurisdictions like Europe and Japan. The broker provides individual brokers with three types of bonuses – two on their Maximum trading platform and one on all other trading platforms. The most popular yet is the Imperial bonus of up to $5,000 for deposits of above $50,000.

This bonus is only available to new traders. Plus you will lose it if you initiate a withdrawal within three months of account opening or before trading the required lots. There is also the 100% bonus that is available to new clients and a 20% bonus available on the initial deposit to a new trading account. The two are only available to traders using MultiBank’s Maximum trading platform. The maximum you can get with the double bonus is set at $20,000 while the 20% initial deposit bonus is capped at $5,000.

The number of trading lots required depends on the initial deposit and bonus awarded but ranges from 95 to 440 round trip lots.

HotForex also makes it to this list of the best forex bonus because of their two-tier and non-discriminative bonus scheme. It features the 100% supercharged bonus and 30% Rescue bonus. The 100% bonus is available to all new and verified accounts where the broker matches your initial deposit amounts. Qualifying for the bonus, however, requires that you make a minimum initial deposit of $250.

The 30% bonus, on the other hand, is made available to successive deposits of over $50 and the maximum you can receive for as rescue bonus is capped at $7,000 in the life of the forex trading account. As the name suggests, rescue bonus is aimed at helping boost your trading account balances, and protect your investments from a negative drawdown. It, therefore, can be lost but cannot be withdrawn.

When dealing with TemplerFX, you can request for a $30 no-deposit bonus for your new and verified real trading account. The bonus can only be received once per trader. You will thus not get the bonus if you are using the documents that had been used to create a current or already closed TemplerFX account.

Plus to withdraw the deposit amounts or the accumulated profits from its utilization, you must have traded five standard lots. The broker is also currently running a promotional loyalty program where you stand to benefit with 100% deposit bonus. Here, you can request for 25%, 50%, 75%, or the full 100% on every deposit above $100.

Note, however, that you cannot withdraw either the earned profits or the bonus without reaching the minimum trading volumes stipulated in the terms of the bonus. This is currently set at 4 lots for every unit currency received. Reverse trading with the forex bonus will also lead to the cancellation of the bonus and forfeiture of profits earned from the reverse trades.

AvaTrade maintains a flat rate forex bonus that is currently set at 20% and the maximum you can get as a bonus is capped at $10,000. Note that this bonus is only available for new traders who have verified their accounts and wish to make their first initial deposit of above $1,000.

There, however, is always room for a more customized bonus for high-value investors looking to invest more than $100,000. And you can always negotiate the bonus and terms and conditions with your account manager.

You also cannot withdraw the deposit bonus before executing the required trade volumes that is currently set at 0.1 lot for every $1 received. And this must be executed within 6 months - upon which time any bonus and unclaimed profits expire.

HYCM will also provide every new member with a welcome bonus of 10% if they make an initial deposit above $100. In an industry where most forex brokers have their qualifying deposits for forex bonus well above $1,000, HYCM can be said to be one of the brokers with the most affordable qualifying minimum deposits.

Note, however, that while there is no limit as to how much you can invest in HYXM, the maximum forex bonus available per trader is capped at $5,000. Profits from the utilization of the bonus amounts can be withdrawn freely.

However, the bonus amounts can only be claimed after you have traded 30 standard lots for every $1,000 received as a bonus within two months of receiving it.