New forex traders have a tendency to find forex discounts as they are new to the market. Of course, all forex brokers offer discount programs as the promotion, which attract potential customers. Therefore, traders might get confused because of multitudes of options that they cannot determine the top discount brokers.
Basically, forex discount is considered to be a regular promotion that brokers offer their new clients on their websites. If traders want to enjoy these forex discounts, they need to make a registration on broker’s websites. However, traders are required to make deposits if they want to get discounts from some specific forex brokers. In this article, I will show you some facts about forex discount and help you choose the best one if you first enter the market.
What is a deposit discount?
Basically, forex deposit discount and your discount are interrelated. In fact, everyone can have a chance to enjoy this discount. The only requirement is that you have to make an initial deposit if you want to get it. Certainly, the discount is not for those who have not registered yet on brokers’ websites. This type of discount is measured in percent.
It can be exemplified by the deposit of $200 and the discount of 50% that you will get the total amount of $300 in your account when you transfer any amount of money.
What is Forex no deposit discount?
It should be noted that this account is also linked to the amount of money that you deposit. You are not required to deposit, but you still have a chance to trade. It is the fact that brokers will offer you a certain amount of money as a reward which you can use to make transactions. It is often said that this type of forex discount is the best one in the forex market because it allows you to avoid risks. Although you do not need to deposit your money, you still have profits if you win.
How to get a Welcome Forex discount?
This type of forex discount is specifically designed for new traders as it allows them to check their brokers. However, if you’re not new traders, you cannot make use of this account. Obviously, forex brokers always want traders to check their systems so that traders can understand how their websites work. In terms of this discount type, traders will not encounter any risk because brokers will provide them a certain amount of money.
One thing that you should know is that the account can be a deposit account or no deposit depending on policies of the best forex brokers.
Now, we will go over some of the top discount brokers in some of the biggest forex markets.
Top discount brokers in India
Below are the best discounts you can find right now in India:
- XM $30 Trading Bonus with the maximum bonus of $30
- XM 15% Welcome bonus with the maximum bonus of $500 >>> See more XM reviews
- HotForex Loyalty Program with Unlimited bonus amount
Top discount brokers in South Africa
Below are the best discounts you can find right now in South Africa:
- XM $30 Trading Bonus with the maximum bonus of $30
- XM 15% Welcome bonus with the maximum bonus of $500
- HotForex Loyalty Program with Unlimited bonus amount
Top discount brokers in Indonesia
Below are the best discounts you can find right now in Indonesia:
- XM $30 Trading Bonus with the maximum bonus of $30
- XM 15% Welcome bonus with the maximum bonus of $500
- HotForex Loyalty Program with Unlimited bonus amount
Top discount brokers in Thailand
Below are the best discounts you can find right now in Thailand:
- XM $30 Trading Bonus with the maximum bonus of $30
- XM 15% Welcome bonus with the maximum bonus of $500
- HotForex Loyalty Program with Unlimited bonus amount
>>> See more the best forex brokers in Thailand
All in all, if you’re looking for the best forex discount, you need to understand each type of discount. You should read the article from BRKV carefully and then make your final decision. You can apply for any forex discount, but it should be suitable for your trading intentions.
