Fri. Jun 14th, 2024

As you know, earning from Forex does not demand special education or large capital, thus, it enjoys such big popularity in Nigeria. Yet, to take the best advantage of it, a trader must first find a broker that will supply the most profitable terms. Today, we will focus on the best bonus offers available on the local market.

To make it easier for you to choose the broker offering the most beneficial terms, let us also describe the basic types of bonuses.

1. No-deposit ones. The best news is that certain platforms supply their new users with extra money without even requesting any deposits. A trader is supposed to create an account and verify his personal data, then, he receives a small capital for trading right away. Hence, he gets an opportunity to test the functionality of the broker or just try one’s hand at trading without bearing any risks as he does not invest any money of his own. The only drawback is that such a bonus is not accessible for withdrawal until one meets certain demands like a specific (high) trading volume. As for an example of a no deposit Forex bonus in Nigeria, InstaForex presents $2000 for registration.

2. Welcome ones. On the contrary to the previous category, such offers are accessible to clients only after they make their first deposit. Sure, extra funds extend one’s trading opportunities, but a demand to make a specific deposit may be a serious obstacle. As a result, this kind of bonus may seem less appealing. In our opinion, the best example of such a bonus, which is available to Nigerian traders, is the offer from RoboForex. This broker presents $30 for signing up and making quite a small initial deposit — $10 only.

3. Deposit ones. They are targeted at loyal clients. With such a bonus, one gets extra funds each time after replenishing one’s balance. Again, the key benefit is that such bonuses are provided on a constant basis — not only after the first deposit. In this case, a leader is also RoboForex, as it provides up to 120% per deposit.

In sum, any bonus is a great opportunity to increase your trading budget at minimum expense and effort. However, you must keep in mind that there are usually certain restrictions on how you can use such bonus money. Hopefully, now, you have a clear idea of which kind of offers to look for.

By Manali