Forex Bonus Forex-Metal
forex-metal offers $100 forex no deposit bonus to new traders. See below for details. It also offers a 35% forex bonus to first time depositors. This is an instant bonus, meaning you can use it immediately for trading. The max bonus is $3,000. Note that you will only get the forex bonus over your FIRST deposit.
$100 Forex No Deposit Bonus
1. Upon opening of an account and provision of copies of ID documents as maybe required, a customer receives a $100 “no deposit” welcome bonus.
2. Only new customers are able to receive the $100 bonus under this promotion. Customers who previously received a similar no deposit bonus under a different promotion are not eligible for this bonus.
3. The customer can make trades immediately after the bonus is credited into the account using the 1:200 trading leverage. All bonus accounts are “no swap” accounts.
4. The challenge is to complete a minimum of 50 bonus points worth of trades during 2 calendar months from the time of receiving the bonus. Every forex pair and instrument has an assigned bonus point value to it.
5. After the 50 bonus points are completed, if the account has any profits available in it, the customer may be eligible to withdraw the profits from the account subject to the following conditions:
5.1 The customer needs to deposit his own funds to the account equal to the amount of equity of the account and complete the number of full lots equal to the amount of the deposit divided by 20.
6. No funds related to the “no deposit” bonus could be withdrawn from the account before the trading conditions under 5.1. are completed. The $100 bonus cannot be withdrawn under no circumstances and will be removed from the account when the trading conditions of 50 bonus points are completed or the time period of 2 months expires, whichever comes the first.
If you are caught opening multiple accounts under different names in order to claim the bonus or cheating in some other way, we reserve the right to cancel the bonus and all the profits that have been accumulated as the result of the dishonest conduct.Only one bonus per IP and per telephone number is allowed.
35% bonus up to $3,000
For deposits up to $1,000 you will get a 35% bonus, immediately usable for trading. In other words, a deposit of $1,000 would get you $1,350 in your trading account ($1,000 + 35% or $350 = $1,350).
For deposits between $1001 and $3000: maximum bonus of $400
For deposits between $3001 and $6000: maximum bonus of $600
For deposits between $6001 and $10,000: maximum bonus of $1,200
For deposits between $10,001 and $15,000: maximum bonus of $2,000
For deposits between $15,001 and $20,000: maximum bonus of $2,500
For deposits above $20,001: maximum bonus of $3,000
- In order to withdraw your bonus you must trade one standard lot for every $10 in bonus.
- You must trade your bonus free within 2 calendar months. After this, the bonus will be withdrawn if you haven't traded enough lots yet. So make sure you don't choose a forex bonus that is so big you can't trade enough lots to free it up in 2 months.
- you may withdraw funds from your account before reaching the minimum trading volume; however, by doing so you forfeit the bonus amount.
- Only forex trades are counting towards freeing up the bonus. So if you only want to trade gold or oil, you cannot use this bonus.
How To Get The Forex Bonus
Choose 'Open Real Account'
Choose 'open online'
Make your first deposit, bonus is immediately added to your account
The principle for Mac users is the same as for windows users. However, since forex-metal uses the Metatrader 4 trading platform exclusively, you will first need to know how to install metatrader on your mac. This is possible, but requires some work. more on this: how to use metatrader4 on mac.
You create an account at forex-metal and make a first deposit of $1,000. Forex-metal gives you a forex bonus of 35%, which is $350, so that your trading account totals $1,350.
Forex-Metal was founded in 2005 and is regulated by the ministry of commerce of Panama and the ministry of finance of Uruguay. Altough this is clearly not the same as being regulated by the British FSA (like markets.com is) or the American NFA, forex-metal seems intent on being taking seriously as a broker.
Their trading platform for instance is MetaTrader. This is generally considered to be the best independent trading platform available. It also allows traders who use MetaTrader to easily switch between brokers. The use of Expert Advisors is allowed on Forex-metal, as is hedging. These are also both signs of a good forex broker.
Maximum leverage is 500:1 (for accounts bigger than $1,000 it's 200:1) minimum deposit is $1 and the minimum lot size is 0,01. Forex-metal does not charge any commission and the typical EUR/USD spread is 2 pips, which is better than average.
Forex-metal charges minor withdrawal fees, either a percentage of the sum being withdrawn, or a fixed fee. Withdrawing small amounts can therefore become relatively expensive.
Customer support is good but not great. They have a live chat feature which we found very helpful, but phone support is only available between 9am and 6pm GMT Monday through Friday.
The forex bonus offered by forex-metal is juicy, but it's important not to forget to trade it free within 2 calendar months, otherwise the bonus is withdrawn again. The condition of 1 lot for every $10 in forex bonus money is pretty standard. Also, because you have the option of chosing a smaller bonus when depositing more than $1,000, it can be tactical to do so, in order to make it easier to free up your bonus