Which broker is the best forex broker in 2018?

Choosing the best forex broker is the key to successful trading.

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BEST FOREX WELCOME BONUSES IN 2019! GET BONUSES NOW!

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BRKV For beginners who are new to the trading market, the best forex welcome bonuses serves as kind of a jump start for your career, therefore its very important that you could choose for yourself a broker with attractive welcome bonus programs. In this article today, Ill be giving some of my thoughts on the matter as well as my detailed experiences and reviews of some of the brokers that I consider to have the best forex welcome bonuses programs.

Current brokers with the best forex welcome bonuses programs

Should we choose brokers with good bonus or low spread?

Current brokers with the best forex welcome bonuses programs

Having traded for years and been with manypopular and big brokers, Ive finally narrowed my list of brokers with the best forex welcome bonuses to only 3 names, which are XM, FBS and Exness. More details can be viewed as follow:

Out of these 3 brokers, I prefer XM since not only their welcome bonus program is excellent, they also offer a 100% bonus on new deposition.

Since this article is mostly about bonuses, below are my 3 personal standards when it comes to choosing a broker based on their bonus programs:

Some brokers have very strict policies regarding the act of withdrawing bonus. As a matter of fact, you cant really withdraw your welcome bonus directly but do feel rest assured as you can still withdraw the profits gained from trading with the bonus money. Thats the reason for why some brokers have a certain condition that comes with withdrawing bonus such as the minimum lot traded requirement. More specific numbers on the minimum lot traded requirement of the aforementioned top brokers are as follow:

XM by far has the fairest withdrawal condition. Traders who do business with XM only need to complete 0.1 lot to be able to withdraw bonus profits.

FBS has the 100 bonus programs, with the maximum welcome bonus being $100. The highest profit that you can withdraw for each lot traded is $3. For example: Lets say you gained $60 profits from 7 days of trading. In order to withdraw all that profits, youd need to have traded at least 20 lots.

Obviously, us traders need the best forex welcome bonuses amount to be as high as possible. Out of those three brokers that Ive mentioned, FBS offers the highest attainable welcome bonus amount which is $100, while XM and FXTM offer relatively the same amount of welcome bonus which is around $30.

Without a doubt, your broker should always be reliable and has no shady side to it. Having traded with many different brokers, I consider XM to be the best in term of reliability and transparency.

Beside the best forex welcome bonuses, most forex brokers also offer many different bonus programs such as Deposit bonus or Lot back bonus (Loyalty bonus). More specifically:

Deposit Bonusis the bonus program that is based entirely on your deposition amount, which is why you can get more money from this bonus simply by depositing more money.

Lot back bonus, or Loyalty bonus, is the bonus program that most experienced traders prefer since the program automaticallyrebatesa portion of your every transaction to your account.

For example: XMs spread for the EUR/USD currency is 1.4 pip and the rebate amount are $3 for each trading lot completed. This means that you only need to pay $11 for each EUR/USD lot instead of the whole $14 of the originalspread.

As I have mentioned above, to withdraw forex bonus profits, most brokers have certain withdrawal policies regarding this matter. Currently, there are two known withdrawal conditions that most brokers have:

Ive personally given an example and explanations regarding this requirement above. To sum it up, most brokers require you to have completed at least a certain amount of trading before you can withdraw the bonus. Theres also a downside to this policy which is that most of the time, the traders would have to deposit even more money than the bonus itself in order to complete the trading lot requirement.

Most brokers that Ive done business with restrict its traders from directly withdrawing the bonuses such as welcome bonus or deposition bonus. This is due to the fact that if they hadnt done so, tons of cheaters and exploiters wouldve taken advantage of the situation and made a profit for themselves.

BRKV At first, most people would seem to consider brokers with good bonus programs to be better than the brokers with low spreads. However, as traders, we also need to take our long-term plan into consideration. Brokers with low spread or overall better trading conditions always better in the long-term since essentially, youre always trading with the best trading conditions that you could have when you choose those brokers. As for me, I consider a brokers credibility to be above everything else since I often have to deal with large amounts of money. Checkbrokers with lowest spread.

Ive personally done my own researches to find out which one among the top brokers has the better bonus programs. So far, Ive narrowed the list down to 4 brokers with relatively superior bonus programs comparing to the other brokers. The specifics are as follow:

Best forex welcome bonuses XM: 30$ welcome bonus

Best forex welcome bonuses FBS: 50$ welcome bonus

Best deposit bonus XM: 100% deposit bonus

Lot Back Bonuses Exness: Rebate 2 16$ per lot

Needless to say, morality-wise, it isnt good to use any kind of cheating method. However, if you feel the needs to do so, heres the two popular methods, both of which involve creating multiple accounts to exploit the best forex welcome bonuses:

Hedge two newly created account. This means that youd have to let one account wins and the other one loses in order to maintain a win rate of 50%. This method of cheating can only be applied on brokers with loose withdrawal policies.

This method is mostly the same as the first method but in this method, you also need to take advantage of the high leverages to open very big positions. For this method of cheating, a broker with high leverages is advised.

Bonus up to $16 when trading at Exness (expired soon)

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Hey, Im Fanara Filippo. Im a writer living in Vietnam. I have been trading forex for more than 5 years. You can read my articles about the best forex brokers on this page. Lets review brokers today.

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Disclaimer: All articles in this website are my personal perspective. I dont encourage you follow them. Because you can lost all your fund. I dont response for all your loss if you follow them.