A bonus is a means of rewarding traders for selecting a specific broker. When a person opens an account with a Forex broker, they start trading currency pairs. They must cover the costs in the same way as any other merchant. Let’s find out roboforex bonus terms and conditions.
The welcome bonus is one method through which the broker honors the trader’s decision. After learning that the trader is an active member, brokers also reimburse part of these costs to the trader.
By launching bigger deals or distributing the bonus over more trades, a trading bonus might raise a trader’s profit margins. Receiving a trading bonus is popular among novice traders. The buyer can choose whether or not to take a bonus, though.
Most trading systems provide users with the option of declining bonuses. However, we do not advise it—why would you not desire free cash, after all? However, the trader has the choice to refuse if they genuinely don’t want the bonus.
Platforms often demand a deposit from traders to get bonuses. The required deposit is not a sizable sum. Only the funds intended for trading need to be deposited; the platform will then provide the incentives in accordance.
What’s the process for the RoboForex bonus?
A trader must make their Forex deposit with an account manager’s assistance after agreeing to all the terms and conditions and submitting a successful application as it is a deposit incentive.
It can take a few hours or days after the account has been deposited for you to receive your bonus after joining up.
A trader must open and sell positions to begin trading the necessary volume to claim the bonus after receiving it, treating it as their property. The distribution of bonus funds from the broker to the trader happens after fulfilling the specific volume.
The person is then free to do anything they choose with their money after this phase. However, after it has been added to the account, a trader can begin initiating and ending trades. She can try to trade the necessary quantity to get the bonus.
The broker may transfer the bonus funds to the trader after meeting the requisite volume. The trader can use this cash whatever she pleases at this point.
How do you use RoboForex’s 30% bonus?
Ensure your “Antifraud” system can identify duplication in the money transfer and has been given clearance for participation in that program under the “Welcome Bonus 30 USD” section of the member’s area. You’re destined to receive a message from them after approval, along with your confirmation code on the email address you used to register.
Forex Spread and Fees at RoboForex
RoboForex is more expensive than some rivals and less expensive than others. For instance, RoboForex is less expensive than Forex4You, as seen in the table below. While RoboForex’s most extensive spread is 2 for GBPUSD and USDJPY, the latter offers high Forex spreads of up to 3.
RoboForex, however, is more expensive than its rivals, including Exness. Exness offers spreads between 1 and 1.3, making it more affordable than Forex4You and RoboForex.
Fees for Forex Trading
The spread, or the difference between a currency pair’s ask and bid values, is typically included in the costs associated with forex trading. Some brokers may also charge a fee for each deal that is carried out. Depending on the broker and the currency pair being transacted, these charges come in different sizes.
If not done wisely, forex trading may be an expensive effort. RoboForex features cheap commission costs that make trading forex simpler for investors. Furthermore, there are no fees associated with the RoboForex Standard Account.
The ECN account price is $2 per lot, which is significantly less than the industry standard. For instance, Forex4You costs $8 for each lot, whereas Exness charges $3.5. However, the average spread for ECN accounts is 0.1 pip, the same as Exness and many other brokers.
RoboForex spread commissions are greater than those of Exness. However they are still within the range of most foreign brokers. Additionally, the platform provides a variety of alternatives to reduce commission fees, including rebate schemes.