Our partner, XM, lets you access a free demo account to apply your knowledge.
No hidden costs, no tricks.
Using bonuses to turbocharge your trading account with extra cash is never a bad idea. Based on the trading terms and conditions some bonuses are worth claiming while others are hard to reach. In this guide, we will discuss the two bonuses offered by the regulated Forex and CFDs broker TopFX, and we will conclude with which one of the bonuses is worthy of claiming.
With 10 years of industry presence and spreads as low as 0 pips, TopFX offers trading terms that can hardly be ignored by any trader. TopFX is a multi-asset broker offering access to over 1,000 instruments including Forex, commodities, indices, cryptos, and stock CFDs. The broker is regulated in Cyprus and Seychelles and follows policies to promote fair treatment and maximum client safety. With its low fees and trading commissions TopFX offers an institutional-grade trading environment for traders from all levels of experience. Although the broker is regulated by two different authorities it has to be noted that these regulators are not very strict.
50% of your trading capital could be a serious amount to add to your account. However, there are important terms to consider before applying for the bonus.
Deposit bonus example table
|Deposited amount||Applied bonus amount||The trading bonus of the client||Trading capital bonus|
|250 USD||100%||250 USD||500 USD|
|1,000 USD||100% on 500 USD + 50% on 500 USD||500 USD + 250 USD = 750 USD||1,750 USD|
|12,500 USD||100% on 500 USD + 50% on 10,000 + 25% on 2,000||500 USD + 5 000 USD + 500 = 6 000||18,500 USD|
If a trader decides to withdraw their own funds to trade with only a bonus it has to be noted that the bonuses will be removed based on the funds withdrawn. This makes sure that traders are not abusing the bonus system by trading without risking their own capital.
Step 1: Register and open a trading account
Step 2: Verify your trading account by providing a valid email address, identity documents, and proof of address documents.
Step 3: Email the broker at firstname.lastname@example.org to request a bonus.
Step 4: After claiming the bonus, start trading with 1,000+ assets offered by TopFX.
TopFX offers a 30% deposit bonus for NFP traders. NFP means non-farm payrolls and is a form of news trading where the trader tries to profit from increased volatility during the indicator’s release. The NFP is known for shaking Forex markets on its release and it is released on the first Friday of every month. Traders can claim their NFP bonus in two steps.
There are several terms and conditions for this bonus: the initial deposit must be at least 100 USD and only in USD base currency. The maximum bonus that can be claimed is 250 USD which means a maximum of 830 USD can be translated into a bonus.