We all want to make a fortune in the money market. Based on volatility and profits, forex is one of the more significant choices for many. This market has attracted many investors. It has investors and various other entities that run the show of the currency market, such as banks, advisors, and brokers. Acquiring a new client/investor is challenging for brokers, as the market has become stagnant. Many players are already in the market with fantastic platforms and other services. In this cutthroat business, a $50 welcome bonus in forex trading is a good marketing strategy. It is a win-win for the new investor/trader and broking companies.
Let me introduce this strategy to you. I am sure you are looking for some fantastic opportunities like this. It is a promotional offer to attract new and seasoned traders in forex marketing.
Note: This welcome bonus of $50 is a unique opportunity to begin your forex journey without a real investment.
This welcome bonus is available once you register as a trader in the forex market. This offer is not valid with all brokers. In this blog, we will discuss the three best brokers where you can find the welcome bonus.
Use of the welcome bonus: The newcomer can explore the broker’s platform, tools, and services in the live market. They will not be risking their money to check the look and feel of the broker’s platform.
3 Brokers Offering a $50 Welcome Bonus in Forex Trading
Offering a $50 welcome bonus by brokers is a great marketing tool to attract new traders. I have listed 3 brokers, offering a $50 welcome bonus with a good interface and marketing presence.
1. AMarkets
Under “no deposit bonus,” AMarkets is a market leader offering a $50 welcome bonus.
a. Availability of Bonus
- The bonus is available to clients once they open and verify their live trading account with the broker.
- The trader can use this $50 welcome bonus for currency pairs, CFDs, and metals. Contact customer care, as many of the trading instruments are not available while traders are using bonus money.
b. Requirements to Withdraw
If a trader wants to withdraw the profit made from bonus money, they need to fulfil certain conditions.
Minimum requirement: Trading volume of 2 lots.
2. ConneXar Capital
ConneXar Capital is another broker offering $50 as a welcome bonus. This is another marketing tool brokers use to expand their territory and add new traders to their platforms.
Note: You can complete an online verification once you register and verify as a trader with the broker.
Requirements to Withdraw
It’s the same as other brokers. A trader must fulfil obligations imposed by the broker before withdrawing from a bonus account.
Minimum requirement: 10 standard lots within a designated time frame.
2. XChief
We cannot keep the bonus by XChief in the same bracket as the $50 welcome bonus offered by other brokers. They provide a far more generous bonus—100% of the first deposit (a maximum limit of $500).
Minimum deposit amount: $50 after opening & verifying the account.
Other Requirements
- Available only for new clients. One who is opting for a standard account.
- A trader can only withdraw the bonus once they meet the required trading volume. However, the client can withdraw any profit from the bonus amount without restrictions.
- The trading turnover must be 50,000 times the bonus amount to withdraw the bonus.
Comparison Table of AMarkets, ConneXar Capital, and XChief
| Broker | Regulation | Spread | Leverage | Minimum Deposit |
| AMarkets | Registered and licensed in the Comoros with MISA | Fixed Account: From 3 pips (fixed) Standard Account: 1.3 pips (floating) | 1:3000 for certain account types | $100 for standard and fixed accounts |
| ConneXar Capital | FSA | For standard account: 1.9 pips | Standard Account: 1:400 | $100 |
| XChief | MISA | For classic+ accounts: 0.6 pips | 1:1000 for certain account types | DirectFX account: $50 Classic+: $10 |
FSA: Financial Conduct Authority.
MISA: Mwai International Services Authority.
$50 Welcome Bonus vs. Demo Account in Forex
Both are marketing tools used by brokers with greater effects. The prime motive is to help the novice trader get used to the broker’s platform. It also allows a trader to get a feel for the market. Although, if we look at the broader aspect, both are similar. They are there to welcome a new trader and make them comfortable. However, they can differ in many ways, which I will discuss next.
1. Types of Funds
One of the significant differences is the types of funds brokers provide in both tools.
a. $50 Welcome Bonus
- A trader will be trading with real money, and they will get a feel for live trading.
- The experience here is more authentic as the environment is real. Traders will make a real trade and win or lose actual money.
- Traders will experience the actual risk.
b. Demo Account
- It is more like trading in a virtual world. The trades and money are not real except for the tools.
- In a demo account, traders can get a feel for the market by analyzing historical data. It is also called backtesting. It lets the trader test their strategies in a risk-free environment. They can also do risk management on virtual money.
- It is risk-free because there is no involvement of real money.
- The strategies developed by a trader can be further implemented during a live trade.
2. Withdrawals and Profit
With welcome bonus accounts, you may have to fulfil certain withdrawal conditions. There is no question of profit or withdrawals in the case of a demo account.
a. $50 Welcome Bonus
- There are terms and conditions for a trader to withdraw profits from the welcome bonus. These terms and conditions can differ. The trader must understand them in advance.
- In all cases, the bonus money is not withdrawable.
b. Demo Account
- The demo account aims to practice trading on historical data. It does not involve real money.
- There are no questions about profits or withdrawals in a demo account.
3. Market Exposure
Market exposure can be brutal sometimes in forex. However, neither of these accounts can guarantee full market exposure. In the case of welcome bonus types of accounts, the real money is not that much, so it’s difficult to understand the gravity of exposure. There is no real exposure while backtesting in a demo account.
a. $50 Welcome Bonus
- You can experience market exposure while trading with a bonus account. A trader can experience market fluctuations and slippage.
- This kind of exposure can help us better understand the market.
b. Demo Account
- Traders may fail to get the feeling of a live market. Working with historical data can be fascinating, as you can implement your strategies.
- You already had an idea of market movement. It is tough to experience the volatility and other factors.
4. Emotional Impact
You might go on an emotional ride while trading in forex. Experts say that controlling emotions is the best way to trade. However, these accounts can have different psychological impacts on a trader. Let’s find out.
a. $50 Welcome Bonus
- Trading with real money, no matter how small or even if provided by a broker, can have psychological impacts. You can expose yourself to threats or greed, which you must control. When trading with your money, controlling these emotions can be beneficial.
- These emotional impacts are a great start to building a good risk management technique.
b. Demo Account
- Traders may feel very different when real money is not involved in a trade. In this case, feeling detached from the trade and taking high-risk positions can be easy.
- In this case, a bonus account is much better than a demo account. Designing a good risk management strategy in a demo account is almost impossible.
5. Learning
Both of these accounts aim to enhance the learning capabilities of a trader. Let us see how both of them differentiate in terms of learning.
a. $50 Welcome Bonus
This type of account is ideal for traders who want to look at and feel the market. But they do not want to risk their money.
b. Demo Account
- The demo account is more inclined towards learning. Beginners can work on historical data and plan their strategies.
- It is risk-free as there is no money involved.
6. Conditions to be Fulfilled and Restriction
The bonus account has certain restrictions that a trader must follow during trade. The demo account generally does not come with any such restrictions. Let us see some of them.
a. $50 Welcome Bonus
A trade must fulfil conditions, like minimum trade volume, limited timeframes, and trading periods. The restriction aims to discipline the trader. That is the whole agenda of a bonus account.
b. Demo Account
Free from restrictions that may allow a beginner to trade on historical data and implement strategies. There are no restrictions on trade, as it may not promote disciplined training.
Limitations of the Welcome Bonus Account in Forex
Offering $50 as a welcome bonus to a new forex trader can be a market gimmick. The prime aim is to attract new investors and traders. However, there are certain limitations to this type of account. I want you to pay attention before opting for this type of account.
| Restrictions | Impact |
| Withdrawal conditions | 1. Brokers require traders to fulfil certain obligations. Before withdrawing the profit made from bonuses. These conditions can be achieving a specific trading volume or minimum trades. 2. You cannot withdraw the bonus amount. 3. Brokers consider money to be a tool for you to enter the market rather than a gift. |
| Time Limit | 1. Many brokers impose a time limit. As for how long a trader can use the welcome bonus, after that time, it may expire. 2. The usual duration is 30 days. |
| Less Instrument to Trade | Many brokers restrict the use of different instruments on their portals. A trader can trade in specific asset classes or instruments. |
| Overtrading | A trader can overtrade to fulfil withdrawal conditions. This can lead to unnecessary losses because of the pressure of frequent trading. |
| Spreads or Fees | It has been seen with bonus accounts that some brokers apply higher spreads or fees. This will impact the profit margins, and withdrawal conditions become difficult. |
Conclusion
In this blog, we have discussed “the $50 welcome bonus in forex trading.” It is a good marketing tool to attract new budding traders. The welcome bonus has certain limits and withdrawal limitations, which a trader must know. Otherwise, it is suitable for getting a real feel for a forex trade. It is different from a demo account in many ways. The main motto of both trading accounts is to give new traders a chance to get a feel of the forex market.