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Grabbing extra cash to add to your trading account is an intriguing offer from brokers. But depending on the terms of the bonus it may be worth it, or just wasting a trader's time to try and get the bonus. This is why we will walk you through the Forex Vox bonuses and we will conclude with which one of the bonuses provided by the broker is worth getting.
Forex Vox was built by traders for traders and is based in London. The broker is authorized and regulated by the Seychelles FSA (Financial Services Authority) and offers MetaTrader 4 (MT4) as the main trading platform. Forex Vox clients can enjoy a leverage of up to 1:500 which is very comfortable for Forex trading and spreads on major pairs like EUR/USD starts from 0.2 pips. The broker provides access to more than 100 trading instruments including Forex pairs, commodities, and indices. Forex Vox has excellent customer support with multilingual live chat, with zero fees for deposits and withdrawals, and does not charge inactivity fees. All clients are protected by negative balance protection in case of abusing the high leverage the broker offers. The minimum lot size for both account types, standard or ECN, is set to 0.01 lot which is very convenient for trading on a small budget.
The broker currently offers two types of bonuses called floating deposit bonuses and deposit bonuses. The floating deposit bonus is set to 10% and it can be received after funding the trading account with a minimum amount of 50 USD. Bonus is supported on the standard account of the Forex Vox and as soon as funds are deposited traders will have to contact the broker through an email address to request the bonus. Once the bonus is received traders can start trading with extra added cash to their trading account.
Here are the main rules for a floating deposit bonus:
As we can see the main challenge is to accumulate as much profit as possible during 60 days when the bonus is active. The terms are rather simple and there are no complicated requirements from the broker that could make this bonus untradeable. Let’s see if the 100% deposit bonus is also worth claiming.
The deposit bonus requires clients to deposit a minimum of 100 USD on the standard account to be eligible for a 100% deposit bonus. The procedure is almost the same as for floating bonuses, traders will have to contact the broker via email and request bonus activation. The client can also choose the amount of the bonus from 25%, 50%, or 100% which gives the client flexibility.
Let’s see the main rules for a 100% bonus and conclude if it's worth the struggle:
Since it is harder to achieve the 100% bonus requirements for withdrawing it, the best way would be to use it for trading profits only and withdraw these profits. Since the spreads are low on the standard account the 100% bonus should provide traders with extra backwind to turbocharge their buying power.