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Does a deposit bonus define the credibility of a broker? Let’s see with Libertex Reviews!

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Trading and investment have become a part of the daily life of so many people across the globe. In order to deliver a comfortable trading experience, various companies are working hard in making online investment platforms. Libertex is an online trading and investment software from Indication Limited which came into existence in the year 1997. Recent Forex Awards has been awarded the Best Trading Platform. The current trading web platform of Libertex is known for its distinguishing features like high informative content, convenient interface, and high-quality technical equipment. The overall rating reported in the best trading platform traders Union is quite fine is 7 out of 10.

Here are some key features f Libertex:

Account currency– EUR, GBP, PLN, CFH

Minimum deposit: 100 EUR

Leverage: 1:30 for retails

spread: Tight Spreads

Instruments: +250 CFDs instruments on Forex crypto, metals, etc.

Margin call: 50%

Forex Deposit bonus: No

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What is Forex Deposit Bonus?

Companies use different ways to attract clients with special offers, lucky draws, prizes, and promotion offers. Among various beneficial trading conditions for traders, the Forex deposit bonus is one of the popular incentives.

Also Read: OANDA Review, forex ranking by Traders Union-Chek here Key findings!

Forex deposit bonus is a special category bonus program of forex brokers which indicates additional funds are credited to the account of the client. In this plan, the bonus amount may be either a fixed amount or a percentage. 

Trading credits are awarded in the form of deposit bonuses, and traders can use them to open accounts or increase the margin. When it comes to withdrawals, there are special rules that differ based on brokers. The best suggestion for traders is to first review the conditions carefully before accepting the trade under the forex deposit bonus.

Advantages and limitations of forex deposit bonuses

Advantages

-It helps traders with a small amount of deposit to achieve additional trading opportunities

Also Read: Top 3 Day Trading Courses for Beginners

-Forex deposit bonuses create the possibility to trade without funding the account

-If somehow, the trader suffers a loss after the trade, the bonus amount reduces the amount of loss figured out by the trader.

Limitations

-Some special terms and conditions might not be acceptable for some traders

-Traders allow withdrawal of funds collected through bonus only after certain conditions are accomplished

-Some newbies take emotional decisions while starting trading and finding a deposit bonus facility. As a result, it creates unwanted risks and loss of deposit.

Also Read: Binary Options Indicators: Trading Basics

I hope, reading above you are quite clear about the role of forex deposit bonuses for traders and brokers. To conclude in short, such a bonus can’t be a single factor to consider when choosing any forex trading platform. The more you improve your knowledge about brokers and trading necessities, the better you will gain while trading. 

As far as Libertex is concerned, even though it does not offer deposit bonuses, it is a better trading platform in terms of reliability owing to other exciting features.

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