RoboForex
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Bonuses and contests at RoboForex broker


RoboForex – is a forex broker with ten years of experience, it has managed to win the trust of exchange players around the world. The company offers its clients a wide range of trading terminals, including a proprietary platform, and rich functionality. On RoboForex’s platform, private traders can trade stocks, instruments Forex. The broker is also generous with training materials, affiliate programs and bonus programs. In addition, this broker is generous with training materials, affiliate and bonus programs. Today we are going to talk about Forex brokers’ bonuses and contests, and we will consider them on the example of RoboForex.

 

What are Forex brokers bonuses?

By a broker’s bonuses we mean some kind of monetary reward, which the company transfers to the trader’s account on a gratuitous basis (The best bonuses from brokers). It can be a bonus for replenishment of the initial deposit, interest to the amount of replenishment of the trading and guarantee account, etc. In any case, these funds are charged in order to attract as many exchange players as possible to a particular financial platform and keep them there as long as possible.

Using bonus funds, the speculator can engage in real trading, but without spending his own money. Thanks to the bonuses one can experience the real trading of financial assets, which demo account trading cannot provide. But, as you understand, it is not possible to receive the cash reward from the broker and simply withdraw it immediately to your card or electronic wallet.

To turn bonuses into real money, you have to meet some of the broker’s conditions, including trading turnover. Otherwise, why would the broker offer bonus programs at all! No company benefits from handing out money left and right just for the fact that users have registered on their site. So everyone could register with different brokers, receive bonuses and immediately withdraw them to their bank account, without using the services of companies.

Benefits of bonuses

Using funds donated by a broker, a trader can trade financial assets for much longer than without them. Or he can make larger bets when making transactions. It is impossible not to agree that this significantly increases the chances of success and helps the trader on his way to a good profit. But this is more true for experienced traders who bet 1-3% of the total amount on the trading account. Whereas the beginning traders do not realize all the risks yet and trade from 10% of the deposit which leads to its inevitable loss.

What is bonus wagering?

Bonus wagering is a trader working off those funds that he received as a gift from the broker. Here you can be unequivocally sure that you will not be able to cheat the brokerage company around your finger. The bonus funds cannot be withdrawn from the account under any pretext. You will have to make trades, no matter what they are – winning or losing, in order to work off these bonuses.

The bonus funds have to be worked out in 10-50 times the amount in relation to the bonus itself, each broker sets its own limits. Only after you manage to win back the “gift”, you can withdraw it to your bank card or e-wallet. For example, if you credit your initial deposit for $50 and use the bonus 100%, then on your trading account there will be $100. But in order to work them off, you will have to make transactions in the amount of $ 1000-5000 (depending on the conditions of this or that broker).

What are Forex broker contests?

Many forex brokers offer contests to their clients. In fact, this is a marathon, which can last from a couple of days to several months. The winners are those participants who make the highest turnover or open the most trades within a certain period.

Sometimes brokers impose additional conditions. At some sites the contests may be held on no deposit bonuses or demo accounts, at other sites the minimum transaction amount for participation in the program is set. However, in any case, the prize is real money that is credited to the trader’s account. Forex broker contests are held to identify the most successful speculators in a particular marketplace. By participating in them, private traders can significantly increase their deposit thanks to additional funds and interest.

Advantages of contests

Forex broker contests are good because experienced traders can win them with a high probability. And newcomers to binary trading can try their luck. As the saying goes, beginners get lucky. The more so because participation in the contest often requires nothing more than passing a free registration on the broker’s website. At the end of the event, the most successful participants receive prizes in the form of currency for their deposits. These funds can be used for trading financial assets or withdrawn to your bank card.

RoboForex broker bonuses

Broker roboforex.com offers its customers bonuses:

  • Welcome Bonus.

Below we will look at each of these bonuses in detail. These are probably the most unique and best promotional programs on the financial markets. With RoboForex you can discover a whole variety of bonus programs. These include Cashback (Rebates) of up to 15%, up to 10% on your account balance, the “VIP Client” program, and much more.

 

Welcome Bonus

Every client of the RoboForex broker can get $30 to their account after registration. Moreover, it’s not deducted even in case of losing trade. This initial capital will allow you to start trading financial assets without investing large sums of money from your own pocket. You can receive the bonus funds on cent and standard trading accounts with base currency USD or EUR opened on the MT4 and MT5 platforms. For this purpose after registration on the broker’s site you need to pass the verification and deposit 10 $ (via China UnionPay, Maestro, MasterCard, VISA or Mir card).

RoboForex broker contests

The RoboForex contest project opens interesting opportunities for traders, as they can compete and win in Forex contests. All they need to do is to join a contest on a demo account and it’s done with just a few clicks. The broker offers unique weekly and monthly contests, where every trader can try himself and his abilities. At the moment, RoboForex offers a monthly “Demo Forex” contest and 3 weekly contests:

  • Trade Day.
  • Week with CFD.
  • KingSize MT5.

Below we will take a closer look at the most popular of them, these are Trade Day and Week with CFD. As for KingSize MT5, this contest is held weekly on demo accounts. The account type here is MT5 Demo Pro and the prize fund is $1000.

 

And in the “Demo Forex” contest the prize fund is 3,000 $, which is distributed at the end of the contest among the 10 winners.

 

Trade Day

This contest is held weekly on demo accounts. Drawings take place from 12:00 on Wednesday until 12:00 on Thursday. The initial deposit is $1000, the starting balance is credited 1 minute before the draw. The winner is the participant who has the largest deposit on his/her contest account at the end of the contest. Other prizes (total 10 places) are determined in the same way. The prize for the first place is $350, for the second place – $200, for the third place – $100, from the 4th to the 10th place – $50.

 

Week with CFD

This contest is held weekly on demo accounts. Drawings take place from 00:00:00 on Monday until 23:59:59 on Friday. The initial deposit is $3000, the starting balance is credited one minute before the drawing. The prize pool is 1500 dollars, distributed proportionally among 10 best participants of the event. Payment is made only after the prize winners have been verified.

 

Why do traders need bonuses and contests start.roboforex.org?

Thanks to RoboForex bonuses and contests, a private trader can increase the potential of his or her chosen trading tactics, as well as get additional funds to work on the broker’s platform. If you are focused on the long-term perspective, this assumption will definitely interest you. The more trades you make, the more your income will be. The only thing is that the bonuses cannot be withdrawn to a card or an e-wallet until you work them off. But the contests are another matter – no working out is required here, the money for winning the contest can be immediately withdrawn from the account in your personal cabinet.

How to trade forex assets with bonuses and contests?

After registration on the RoboForex platform you can get $30 bonus. However, in order to withdraw them, you have to work them off and go through verification, checking your personal details and phone number. You need to fund your account with at least $10 – this money can always be withdrawn from the account.

You can activate the bonus in your personal cabinet in the “Your bonuses” section by entering a bonus code. The code itself is sent to the email address, which was specified during registration. In order to withdraw the bonus, you must use 1 standard lot/100 micro lots for Pro accounts and 0,5 standard lots/50 micro lots for other accounts.

Welcome Bonus 30 USD is valid for 1 year. If you don’t use it in a year, the bonus funds will be simply deducted from your account. However, it should be noted that the Welcome Bonus funds are not deducted even when trading in “drawdown”. And this is an obvious advantage of this bonus program. As for the contests, you can take part in them without any financial investment. All you need to do to take part is to register at the brokerage platform and create a demo account. There is no need to work off the money here, as they are given for winning the contest.

Conclusion

Broker RoboForex (receive bonuses) offers private traders good bonuses and interesting contests. By getting bonus rewards and participating in contests, you can get additional funds for trading financial assets and increase your chances of success in trading. Before choosing a RoboForex event, you should carefully study the rules and conditions of each of them. You can always find detailed information about the latest bonus programs and contests on the broker’s website.

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