Forex Deposit Bonus

More Money for Forex Trading

It can be difficult to maximise your forex trading funds, but don't worry, we at ForexBonus.com.au have pulled together this handy guide to Forex Deposit Bonuses and explain how they work and to get the most from them. We've read the small print so you don't have to!

Top 2017 Forex Deposit Bonus Offers

We've rounded up the best forex deposit bonus offers for you

Ava Trade Forex Deposit Bonus

Best Beginner Bonus - 100% Deposit Bonus on First Deposits Between $100 and $300

bullet2AISC and MiFID regulated

bullet2Minimum Deposit $100

Your Capital is at Risk


XTrade Australia Forex Deposit Bonus

First Deposit Bonus - Ranging from 20% to 60% depending on your deposit amount.

bullet2AISC regulated

Your Capital is at Risk


Go Markets Australia Forex Deposit Bonus

Trade Safely - $250 refund on trading losses in first 30 days 

bullet2AISC regulated

Your Capital is at Risk


Australia Forex Deposit Bonus

Up to 30% deposit bonuses, T&Cs apply

bullet2AISC regulated (AFSL #417727)

bullet2A trader with a Plus500 account can trade CFDs on Forex

Your Capital is at Risk


Forex Deposit Bonus - Guide

In simple terms a "Deposit Bonus" means that when you make a deposit the broker will given you extra bonus money.

For example you see an ad that says: “100% Deposit Bonus up to $5,000 AUD, T&C's apply” there are two parts to consider with a bonus like this, the "Headline" and the "Terms and Conditions".

Headline: The important things to look for in the headline of a deposit bonus is the percentage and amount, so in this example it is: “100%” / “Up To” / “$5,000 AUD”

Let's Look at Three Headline Examples

Using our example deposit bonus of "100% Deposit Bonus up to $5,000 AUD, T&C's apply", it would work like this:

Example 1:

You Deposit $250
Broker matches your deposit (100%) and credits you a $250 Bonus
You now have a Trading Balance of $500

Example 2:
You Deposit $5,000
Broker matches your deposit (100%) and credits you a $5,000 Bonus
You now have a Trading Balance of $10,000

Example 3:
You Deposit $10,000
Broker matches your deposit (up to $5,000) and credits you a $5,000 Bonus
You now have a Trading Balance of $15,000

So as you can see a deposit bonus headline is very easy to understand and is flexible to the amount that you want to deposit.

The Fun is in the Terms & Conditions

As we all know there is no such thing as a free lunch and Forex Brokers need to make sure people don’t take advantage of their generosity when awarding bonuses.

In the above example two, you can’t just deposit $5,000, get a free $5,000 and then immediately withdraw $10,000 to your bank account. If that was the case you could retire in a couple of weeks and put a lot of companies out of business.

To prevent instant ruin, brokers put in place terms and conditions and we typically see two types of conditions and these are, “Bonus Amount Not Withdrawable”and “Bonus Amount Withdrawable”

Bonus Amount Not Withdrawable

With this type of condition, it means only the profits from a bonus are withdrawable, but not the bonus amount itself.

Example 1:

  1. You Deposit $5,000
  2. Broker matches your deposit (100%) and credits you a $5,000 Bonus
  3. You now have a Trading Balance of $10,000
  4. You begin trading and make a profit of $2,000
  5. Your balance is now $12,000 (balance+profit)
  6. Amount you can withdraw: $6,000 (balance/2)

Example 2:

  1. You Deposit $250
  2. Broker matches your deposit (100%) and credits you a $250 Bonus
  3. You now have a Trading Balance of $500
  4. You begin trading and make a loss of $100
  5. Your balance is now $400 (balance+profit)
  6. Amount you can withdraw: $200 (balance/2)

As you can see as 50% of your beginning trading balance is bonus funds, you are entitled to withdraw 50% of the closing balance. This seems fair as the broker has provided 50% of the trading funds that you started with.

Bonus Amount Withdrawable

In this type of bonus, the bonus amount (and profits) are withdrawable, however, trading requirements need to be met. Typically you need to trade a certain amount of “Lots” per $10 dollar of bonus money credited.

If the terms of the bonus requires you trade to one “Lot” of a currency pair per $100 dollars of bonus credited. If you were awarded $500 bonus, you would have to trade at least 5 “Lots” in order for the bonus funds to become eligible for withdrawal.

A “Lot” is forex jargon for $100,000 trade size, which translates into plus or minus $10 per Pip movement. HOWEVER, don’t stress if these seem like big numbers, you can also trade much smaller amount at any one time for example a “Mini-Lot” which is $1 per pip or even a “Micro-Lot” which is $0.10 per pip! These smaller trades all count towards the minimum trading requirement and will help you manage your trading balance in a prudent way!

Deposit Bonus Tip - Don't Over Reach!

If you are a trader who trades micro-lots, don't suddenly step-up in trade size to mini-lots or full lots as you will be more likely to trade beyond your means.

Use the bonus as way of having more funds to trade with, this then allows you to experiment with different trading strategies or currency pairs.


The Very Best Deposit Bonus - AVA Trade

So what is the best Deposit Bonus right now? Our choice is AVA Trade

Five reasons why we like the AVA Trade Deposit Bonus:

  1. It's a great starting Bonus, 100% matched on deposits between $100 and $300 AUD  which is huge for the Australian market
  2. They are regulated by AISC
  3. Zero commission on Forex Trades
  4. The bonus is credited automatically to your account
  5. Profits from the bonus can be withdrawn as cash

Trade Within Your Limits

It's pretty simple, don't be THAT guy, stick to your limits and trade sensibly!