Promotions carried out by brokers.
In modern conditions, when working on the stock exchange, there are many ways to increase the profit you receive; you just need to monitor the promotions that your broker carries out, and sometimes, when particularly profitable offers appear, you can change the broker.
Some traders do not want to get involved with bonus programs, but promotions are not always bonuses; there are other safer and more profitable offers.
Let's look at what Forex brokerage companies offer today in order to attract clients:
• Bonuses when replenishing - there are a lot of them, the size ranges from 10 to 100 percent, it makes sense to contact only if you do not plan to withdraw money in the near future, otherwise some inconvenience may arise.
• Replenishing your account or withdrawing funds without commission - you can save a couple of percent, and when trading large amounts, this is not such a small thing.
• Free VPS - many brokers offer free virtual servers when you top up your account with a certain amount, convenient if you trade with advisors or use trailing stops. This issue was raised in detail in the article " VPS for Forex "
• Reducing the spread - for a particular trading instrument, sometimes brokerage companies for advertising purposes significantly reduce the spread for a certain currency pair.
It is clear that this is quite profitable, especially for pipsing or scalping. • Reduced minimum requirements - most often, the cooler the PRO account, ECN, etc., the more attractive the trading conditions on it, but the minimum amount for its activation usually starts from $1000.
But, there are times when brokers provide a test period during which you can evaluate all the benefits of working on professional accounts without a large deposit. • Spread rebate - simple and complex rebate programs, thanks to which you can get back part of the tight spread, and sometimes its amount exceeds the trader's deposit.
Sometimes quite decent offers appear, so do not forget to monitor the news on the broker’s website, or better yet, subscribe to their newsletter in order to take advantage of every opportunity to improve trading conditions.