Best Forex Brokers With 100% Deposit Bonus

Deposit bonuses are promotional programs that brokers use to attract new customers to their sites and promote customer loyalty. They provide traders with extra trading capital at no additional cost. A 100% deposit bonus is when a broker matches your deposit amount which can be an attractive offering to traders. 

However, with several forex brokers offering 100% deposit bonuses, choosing the right one for you is crucial to maximise the benefits of the bonus. In this review, we are going to look at some of the best forex brokers with 100% deposit bonuses, the terms and conditions they have, and the other features of the brokers. Let’s begin.

What is a 100% Deposit Bonus?

A 100% deposit bonus is a promotional offer from forex brokers that matches a trader’s deposited funds as a bonus. In essence, the broker doubles the deposit made by a trader according to their terms and conditions. This allows traders to open larger positions, which can potentially enhance their trading opportunities. It’s a powerful incentive for new clients to join a particular broker. 

The requirements to qualify for a forex deposit bonus vary depending on the broker. Typically, you’ll need to sign up by providing your email address and phone number. You may also be asked to verify your identity by submitting documents such as a passport or ID card. Once your account is successfully opened and verified, you’ll need to make an initial deposit to become eligible for the bonus. But how do you select a broker with a 100% deposit bonus? 

Key Considerations When Choosing a Broker with a 100% Deposit Bonus

Navigating the world of forex bonuses requires careful consideration. Don’t just jump at the first offer you see. Here are some of the crucial factors to consider:

• Regulation and Licensing – The most important factor to consider when choosing a forex broker is regulation. Traders should prioritise brokers that have regulations and licensing from reputable organisations. Regulation provides a level of security and oversight, protecting investor funds and ensuring fair trading practices.

• Terms and Conditions – Carefully read the terms and conditions associated with the bonus. Pay close attention to the trading volume requirements, time limits, withdrawal restrictions, and any other specific clauses. A transparent broker will readily provide this information.
• Spreads and Commissions – Spreads and commissions can significantly impact your trading profitability. Look for brokers that offer competitive spreads and low commissions if any.
• Market Coverage – Another important factor to consider is the range of market products offered by a broker. Choose a broker that allows you to diversify your portfolios as you see fit.
• Trading Platform – The trading platform is your gateway to the forex market, so it’s essential to choose a broker that offers a reliable and user-friendly platform.

Using the criteria outlined above, let’s take a look at some of the best forex broilers with 100% deposit bonuses.

HFM

HFM is one of the most reputable brokers that offers its clients a 100% deposit bonus. The HFM 100% supercharged bonus is one of the most attractive deposit bonuses in the market. This deposit bonus essentially doubles the deposit made by a trader. It applies to any deposits from $10 and above. However, there is a limit on the cumulative deposit amount a trader can earn which is $50,000. 

This bonus scheme also comes with another perk. It offers traders daily rebates of $2 per lot, up to a maximum of $8,000. Therefore, this offer combines the company’s 100% SuperCharged Bonus Credits and SuperCharged Rebates. On another note, any withdrawal made by a trader from their account will directly reduce their SuperCharged bonus balance on a 1:1 basis. This applies to profits, rebates, and deposited funds.

HFM’s Key Features

HFM stands out as a top forex broker due to a variety of reasons. For starters, it has regulations from a wide variety of organisations. These include the CMA in Kenya, the DFSA in the DIFC, the FSCA in South Africa, and the FSA in Seychelles, among others. While regulations alone are not a guarantee for safety, they are a good sign on a broker site.

On another note, HFM offers its traders a deep collection of market products totalling over 1,200 different assets. These include CFDs on forex, stocks, metals, indices, energies, commodities, bonds, ETFs, and cryptocurrencies. The trading platforms available to us include the HFM platform, MetaTrader 4, and MetaTrader 5.

Further, the spreads on this broker site are competitively low and depend on the account a trader uses. The spreads can be as low as 0.2 pips on the pro-plus account with no commission charged on forex and gold. HFM also offers a zero spread account with spreads from 0.0 pips plus a commission of $3 per side per lot.

Libertex

Libertex is another well-regarded forex broker with a 100% deposit bonus. This bonus is for new customers who open an account with the broker and make an initial deposit. The minimum deposit required to qualify for this bonus is $100. This bonus also has a limit of $10,000. Notably, traders cannot access this bonus directly for withdrawal or trading. They have to complete a redeeming process which involves trading. 

Every day at 21:00 UTC, Libertex analyses the total of the fee paid when trading and credits the trader’s account with 10% of the trading fee as part of the bonus. The trader can then withdraw this amount or continue trading with it. To fully convert the Welcome Bonus into fiat currency, the conversion process must be completed within 30 days. Libertex will cancel any portion of the bonus that remains unredeemed by the end of this period.

Libertex’s Key Features

Libertex provides a diverse selection of trading instruments to its clients. These include CFDs on forex, indices, cryptocurrencies, stocks, oil, and gas. Traders can choose from three platforms including MetaTrader 4, MetaTrader 5, and the Libertex platform. Further, the broker offers competitive spreads that vary based on market conditions and applies a commission per trade. For forex pairs, this commission is a low $7 per $100,000 traded.

Fxview

Fxview is another company that is among the best forex brokers with 100% deposit bonuses. This bonus is available for both existing and new traders and applies to all deposits on a trader’s account. The company automatically transfers the bonus into a trader account after they make a deposit, provided they make a request from the secure Client Area/Portal. The minimum deposit amount required to qualify for this bonus is $200 and the maximum bonus that a trader can receive is $20,000.

Unsurprisingly, traders cannot withdraw this bonus directly from their accounts. Additionally, any withdrawal a trader makes that results in the actual equity dropping below the bonus amount, the broker will withdraw part of the bonus to make it equivalent to the actual equity. 

Fxview’s Key Features

Fxview allows its clients to access a deep collection of global market products. These include CFDs on forex, cryptocurrencies, commodities, indices, and stocks. To trade these markets, the broker avails two main trading platforms including MetaTrader 5 and ActTrader. In terms of spreads, this broker is within market standards. 

It offers an account with spreads from 0.6 pips for major currency pairs with no commission charged. There are also two different accounts with spreads from 0.0 pips plus a commission depending on the account. Finally, this broker has regulations from the FSCA and the SVGFSA in St Vincent and the Grenadines, among others.

InstaForex

InstaForex is another known forex broker that offers a 100% deposit bonus to its traders. This bonus is available to both new and existing clients, providing them with an opportunity to double their initial deposit. This campaign applies to Standard USD and US Cent accounts excluding MT5 accounts. To qualify for this bonus, traders must complete a two-level verification process on their accounts.

The 100% Bonus is credited for a deposit of up to $2,000. If a deposit is over $2,000, the first $2,000 will receive a 100% bonus while the rest will receive a bonus of 50%. In case the remaining amount is over $5,000, a bonus of 30% will apply. Notably, traders cannot withdraw this bonus amount directly. However, any profits made from trading with it are free to withdraw. The bonus is cancelled automatically in case equity totals less than 120% of the bonus amount. Interestingly, the broker also states that any withdrawal from a trader’s account will lead to the cancellation of the deposit bonus.

InstaForex’s Key Features

InstaForex is regulated by several organisations. These include the FSC in Belize and the BVIFSC in St Vincent and the Grenadines. The broker offers a wide range of trading instruments, including CFDs on shares, forex, indices, cryptocurrencies, and commodities. This broker provides various popular trading platforms such as MetaTrader 4, MetaTrader 5, and WebTrader. However, InstaForex features relatively high spreads ranging from 3-7 pips for major currency pairs. This is very high compared to other top international forex brokers.

Advantages of Deposit Bonuses

• Increased Trading Capital – Deposit bonuses boost a trader’s account balance, allowing them to take larger positions and potentially increase profits. Deposit bonuses can also help reduce the financial risk a trader faces.
• Risk Management – Extra funds help diversify trades and experiment with different trading strategies.
• Attractive Incentive – Bonuses attract new traders and reward loyal clients, making brokers more competitive.
• Boost confidence – The added capital can provide a psychological boost, especially for novice traders, allowing them to trade with less fear of immediate losses.

Disadvantages of Deposit Bonuses

• Withdrawal Restrictions – Bonus funds are often non-withdrawable and are often accompanied by strict conditions to be available for withdrawal.
• Time restrictions – Some brokers also impose time limits for their bonuses. Traders need to meet the trading volume requirements within a specific timeframe, or they forfeit the bonus.
• Limited Account Options – Certain deposit bonuses are restricted to particular account types, which may not align with the needs or preferences of some traders.

Closing Remarks

A 100% deposit bonus can be a valuable tool for forex traders. They provide an immediate boost to their trading capital which can enhance their trading experience. They also help brokers in that they attract new customers. However, it’s important to choose a reputable broker and understand the terms and conditions of the bonus offer. Consider your own personal goals and needs before choosing a broker, regardless of the deposit offering. 

Remember, bonus offers and broker details can change frequently. It is crucial to visit the official website of your broker to verify the latest information. Additionally, forex trading involves significant risk, and there is no guarantee of profit. Always trade responsibly and never risk more than you can afford to lose.

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