What the heck is Forex bonus draw and how to use it?
Financial trading online has its own benefits, when it comes to a simple comparison to the standard trading in Exchange stock agencies. Besides being more convenient, online Forex brokers are usually more generous, when it comes to providing extras and additional options for getting a better final outcome. Such an extra is by all means the Forex bonus. There are many standard Forex bonuses you can find in almost any broker, but there are also some new types of bonuses that can intrigue you, if you find a different and non-traditional trading platform. We can give you many examples as to extra ordinary bonuses, but today we focus on one specific, though. We are about to explain you what a Forex draw bonus is. Find out more about it now and use it anytime you see it along your financial trading experience.
Why Forex draws are not exactly traditional bonuses?
First of all, not any broker does offer a Forex draw bonus. It is a comparatively new type of a bonus, so this is why not all trading platforms provide it to their customers. Meanwhile, Forex draws have their specific rules and ways of actions. Note that different brokers have different Forex draw bonus rules, but in general they follow the same structure of application and case of winning. Another reason for calling Forex draws non-traditional bonuses is the fact that they are mainly based on lottery principle. What does this mean? It means that if a standard bonus like no deposit Forex bonus, for instance, does require from a customer to respond few conditions to follow, Forex draw bonus is not provided to all customers. Only few clients of a broker can actually “win” this bonus, while everyone is able to require for a no deposit bonus and then, get it without expecting his luck to work to receive the extra. The next lines will make it simpler for you to understand what exactly we mean…
Secure Forex Brokers
|Broker||Min Deposit||Regulation||Bonus||Read More||Visit Site|
|XTRade||$100||CySEC||$20 Free||Read Review||Visit Broker|
|XM||$5||FSA, CySec||$30 Free||Read Review||Visit Broker|
|HY Markets||$50||FSA, CySec||Up to $5000||Read Review||Visit Broker|
What is a Forex draw bonus?
Forex draw bonus is a type of a bonus. Just like the other bonuses it is a specially tailored gift provided from the broker to the client. The Forex draws, though, as we have already told you above are not meant to be offered to the whole audience one broker has. Forex draw bonus is a gift that only few people are lucky to get – mainly it is either one person or maximum 3-4 contestants. We say contestants, because to win the bonus you usually participate in a form of a contest. This contest does not require from you to show some skills, to guess some information or to make a number of winning trades. It is a type of a lottery, where all broker`s customers have equal chances to win, but only few of them actually do. The lottery of the Forex draws randomly chooses one or few customers, who receive them. Mainly, the final prize is either an amount of money – usually from $50 to $200. However, there are Forex brokers, who provide different prizes like physical rewards. They are mainly mobile devices like iPod, smartphone or table. Some experts believe the physical gifts of Forex draws are mobile devices, because most of today`s brokers are trying to encourage their customers to make mobile trades. This is why there are detached mobile Forex bonuses that are provided for clients, who switch from desktop to mobile trading.
What are the requirements to get a Forex draw bonus?
To get a Forex draw bonus, you need to respond to several ordinary and standard requirements. Here are the most common among them:
- To have an official registration on the broker`s page that provides Forex draws. This means you need to fully complete your registration and if required, to verify it – either with a phone number, or with an e-mail link, some bank account details and etc.
- To open an official Forex account in the broker with Forex draws. Once you complete your registration, you need to open an account. This requires from you to make choices like – payment methods for your deposits and withdrawals, currency you will manage your account with and etc.
- To have made the primary Forex deposit account. This will provide the broker`s the ability to credit the prize of the Forex draw bonus is a concrete individual e-wallet. Such a wallet is provided on the broker`s page to the customer only when he makes his first deposit.
- To make a statement for participation of the lottery. Since the Forex draws are won only by being a part of a contest, you need to participate in it in order to get the chance to be one of the winners. Usually, after the completion of the registration on the page the broker does inform you that you can participate in Forex draws the platform has recently announced for opening.
- When the lottery is performed by random selection of the customers, who win, all winners will be informed for being rewarded and their accounts will be credited with the money. If the reward is physical – iPod or tablet, for instance – you will be asked for delivery details.
Always check out for Forex draws, when you make a new registration in a new broker. They are cool and great! And who knows? You might have luck this time!