As far as I know, the brokers
1. Hotforex
2. Instaforex
3. XM
provide bonuses for it, please visit.
Thanks
To Rijal,,
Forex trading includes margin trading (collateral). Where a trader provides a certain percentage of the balance/capital for the BUY/SELL transactions they make. The margin/collateral requested/locked by the broker depends on the leverage (leverage) chosen when opening an account.
Usually the leverage offered by brokers is:
1 : 1
1 : 100
1: 200
And so on.
The greater you choose the leverage used (in the checklist) when opening an account, the smaller the collateral requested/locked by the broker.
If you trade with a capital of $100 for example, and the leverage used is 1 : 500, then your funds are virtually 500 times the balance ($100 x 500 = $50,000). If you trade using a account type with a value of 1 lot = 100,000, then when you trade with 1 lot, the margin calculation is:
Contract Size * Leverage* Number of lots*Purchase/Sale price of currency
Example EUR/USD price = 1.4000
Then if trading with:
> 1 lot, the margin is approximately (100,000*1:500*1*1.4000)= $280
> 0.10 lot, the margin is approximately (100,000*1:500*0.10*1.4000) = $28
> 0.01 lot, the margin is approximately (100,000*1:500*0.01*1.4000) = $2.8
Sometimes a trader does not have sufficient funds when they want to open a trade.
Sometimes floating minus exceeds the margin requested/locked by the broker.
Then some brokers provide a deposit bonus or a fund resilience bonus. However, for this, you need to be careful, a trader who wants to take advantage of a deposit bonus or fund/margin resilience bonus needs to read the rules conveyed by the broker. Because if you continuously open trades/allow floating minus to exceed the margin or fund resilience of the actual balance value. Open trades will/can be forcibly closed (Closed By system) by the broker and a MARGIN CALL or STOP OUT TRADE will occur. Balance is exhausted or negative.
For the locked margin like this:
Sometimes the margin is determined by the broker, not from the exchange rate on the market watch. Usually for Oil, Metal, silver and others. the broker will provide information about this on its website.
Thanks
To Listy..
as far as I know, it's a welcome/introduction bonus. If claimed (in the member area) it will be received. If you get $5, then deposit, the bonus will be forfeited. The requirements can be directly contacted to the CS of the broker in question.
Thanks