Forex Trading is highly volatile market. And to help in this some forex broker offer deposit bonus to their clients. This means broker provide fund from there end to trade. And this fund (deposit bonus) could range from 20%-100% depending upon the offer or broker.
For Indian clients, Broker like Octafx & XM offer 50% deposit bonus most of the time, but XM also offer 100% deposit bonus sometimes.
How does this Bonus work?
Major difference between both of this bonus is, bonus provided by Octafx isn’t tradeable while bonus provided by XM is tradeable. Which means we can trade or loss whatever dollars we get from XM broker as bonus, while on Octafx that bonus is just to increase account equity for fancy show-off, while we can never trade with them.
Octafx broker withdraw their bonus amount once our principal deposit is over. On the other hand, on XM broker, once our principal deposit is over, we can continue our trading with bonus amount and loss that as well. And this is the major advantage of XM broker over Octafx for Indian Clients.
Moreover, user can deposit & withdraw with multiple mode like UPI, bank transfer, crypto, skrill, neteller and many more. All transaction settle from few minutes to 24 hours.
If you want to get some extra Dollars for trade in real tradable Bonus account, then you can start your trading journey with XM here- https://bit.ly/Joinxmbroker
How much Bonus XM broker provide?
XM provide 50% deposit Bonus on initial $1,000 deposit. This means if someone deposit $1,000, user will be eligible for 50% of $1,000 deposit and XM will provide $500 from there end to trade.
And if someone deposit more then $1,000, then whatever user deposit over $1,000, they will get 20% deposit bonus to trade upto $4,500.
And we can trade forex, gold, CFD, crypto and other assets with this bonus amount.
But these bonuses are applicable for clients registered from some specific countries only. And for clients registered anywhere from Europe, UK, Australia or some other countries, they aren’t eligible for these deposit bonus, but there are some other offers depending on specific country, and you can explore these once you create your account. And moreover, once you register with XM, a dedicated account manager will assign to you who will explain all these ongoing offers.
You can create account from below link if you want to explore offers for which you are eligible-https://bit.ly/Joinxmbroker