What Is A Forex Bonus?

By Author: Gareth Hoyle
Total Articles: 692
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A Forex bonus is usually a sum of money that a website or broker that is offering Forex training gives to their trainees. The idea is that once you have completed their course and learnt how to trade on the Forex market you use the forex bonus to complete your first trades.

This may seem a little strange to many people and they may ask themselves yes but what is the catch? Oddly enough, on this occasion the answer is that there is no catch, at least in 99% of the cases.

The people teaching Forex trading and offering their trainees a Forex bonus are normally Forex brokers. When they trainees become confident and begin to trade themselves it is likely that they will use the broker that taught them how to trade for most of their trades. At this point the broker will get their money back in the form of commission. Provided they have trained their trainees well they will continue to trade with that broker for many years. This means that the broker will make a substantial amount of money from each trainee. So there is no catch.

Who Qualifies For a Forex Bonus?

Anyone who is old enough to trade can ...
... qualify for a Forex bonus. In most countries you have to be 18 to trade, but not in all countries.

Not only do Forex training sites give bonuses in the form of money to trade with they often add to this money as you complete your training. Plus if you persuade friends to take up the training too you also qualify for more points, which you can to convert into money to trade with.

Finding a Forex Bonus

There are two main ways of finding a Forex bonus. The first is to do a simple Google search using the search term Forex bonus. The second method takes a little more time, but you will find more opportunities to claim a bonus doing this as well. You need to search each Forex training websites to find their individual bonus schemes, however only the best sites offer them.

Everest Forex offers a great Forex bonus for each trainee who successfully completes a simulator trading session.