Almost every forex broker offers deposit bonus to its users. This has become a very common type of forex bonus now. It is that bonus which a broker offers according to the funds you have deposited in your account. This is mostly given in a percentage. Let’s suppose, you have $1000 in your account, so that is your current deposit and the broker offers 50% deposit bonus. So now, with this $1000, you are entitled to extra funds of $500. So you can now trade for $1500, whereas you had only $1000. This is how deposit bonus works.
High deposit bonus can attract a good number of clients for the broker. Its a good way to trade without risking much of your funds. But the terms and conditions on which this bonus is given are usually hard. Also, because people have an access to this bonus, they at times, trade with no seriousness and zero money management, which is not good. Rational use of deposit bonus is very important.
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