If you’re looking into the top forex brokers with a 100% welcome bonus, it’s probably because you’re worried that your current balance isn’t high enough for trading, or it’s because you simply don’t want to risk any less than that.
Let’s say you’re interested in a 100% match deposit bonus that will allow you to double your money. To that end, it’s important to be familiar with the variations among the 100% deposit bonuses provided by various forex brokers. There are funds that can be withdrawn and others that are used to increase your margin and trade larger lot sizes.
We looked into the terms and conditions of numerous FX brokers to find the most competitive 100% deposit bonus and found that most of them were unrealistic. As far as withdrawal options and other terms go, I’ve found some that are more favorable than others. Let us investigate them further.
At HotForex, there are two different 100% first-deposit bonuses available: a 100-credit bonus and a 100-Supercharged bonus. One can be cashed out at any time while the other acts more like a rebate or cashback system and cannot.
Here are the stipulations for receiving the full 100% of your initial deposit as a bonus from Hotforex:
- 100% Extra Credit Bonus
- To qualify for this bonus, you must make a deposit of at least $100.
- This bonus is available to all types of HotForex accounts, including the micro, premium, and Islamic accounts.
- To withdraw a deposit bonus of $100, for example, you would need to trade 50 lots (100/2).
Roboforex also provides a bonus on deposits (the Classic bonus) that can reach a maximum of 120%. The bare minimum to make a deposit is $10. There are a variety of deposit bonuses available, ranging from 25% to 120%.
If you make a deposit of $1,000 and ask for a 50% bonus, you’ll get $500 and have $1,500 in your account. The completion of lots is not time-limited. If you lose all of the money you deposited, the bonus will be taken away and you will receive no compensation.
With InstaForex, you can get a 100% bonus on your first deposit into an existing account, plus other bonuses and rewards. There is zero required minimum deposit for this bonus. You can’t get your bonus money out; only get it back if you lose.
If you deposit between $2,000 and $5,000, you’ll get a 100% bonus on the first $2,000, and a 50% bonus on the remaining $3,000. Any sum over $5000 will be rewarded with an additional 30%. The Instaforex Standard and Cent accounts are the only ones eligible for this bonus. Cryptocurrencies, stock indices, and other trading tools are not available. If your equity drops below 120% of the bonus amount, the bonus will be revoked.
Just Forex offers one-time deposit bonuses of 50%, 100%, and 115%. The minimum deposit required for the 50% bonus is $100. You can request a 100% bonus between $100 and $500 and a 110% deposit bonus above $500. The bonus is redeemable after trading a certain number of lots.
Deposit bonuses are only available for Pro, Mini, and Standard accounts. JustForex cent and ECN accounts are not included. The maximum bonus you can request is $40000. If your equity falls below your deposit, the bonus will be withdrawn.
Exness is one of the world’s largest forex brokers. They were founded in 2008 and now has over 209,000 active traders with a monthly trading volume of USD 974.5 billion in July 2021. As a result, they are one of the largest brokers in terms of traded volume.
So what makes Exness good? To begin, Exness’ ECN account has a very low spread of almost zero pips. In South Africa, they are regulated by the FSCA and two other top-tier regulators, namely FCA (UK) and CySEC (Cyprus). As a result, we consider trading with them to be highly safe.
Exness provides South African traders with ZAR base currency trading accounts and local Internet banking deposits and withdrawals in Rand.
Exness was evaluated based on their regulations, trading account types, overall fees, bonuses, customer support, and other factors. Read our exness review before selecting them!
Exness does not offer bonuses to new or existing South African traders. They rarely provide any bonuses or offers, and this is where they fall short.
If they announce any bonuses or promotions in the future, we will keep you updated. For the time being, if you are looking for brokers that offer bonuses, you should look into Hotforex’s 100% bonus or XM Trading’s 50% deposit bonus.
Are we recommending Exness?
Yes, we recommend Exness broker to South African traders looking for a low-fee forex broker.
Some benefits include a very low spread, FSCA regulation, local deposit/withdrawal options, the MetaTrader platform, and a wide range of CFD instruments.
Exness is regulated with FSCA, and they offer ZAR trading accounts.
Even their Standard accounts have a very low typical spread; the spread is even lower with the Pro and Raw Spread accounts. Furthermore, their account types are very diverse to accommodate all traders.
Furthermore, they offer instant withdrawals, a scarce feature among South African brokers. The bank deposit is free, so you will not have to pay any additional fees.
Unfortunately, Exness does not currently offer any bonus offers. Additionally, there is no local phone number, and the quality of their email support is low.
Overall, we believe Exness is a fantastic globally regulated broker and cannot recommend them highly enough!
Also Read: Vantagex Review Key Findings For 2022.