If you are looking for the forex brokers with the best 100%deposit bonus, you ‘ll probably want to double your account because either youthink your money isn’t enough to trade or you may think that if I can takeadvantage of some free money, why not!

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  4. Players Lounge 100 Deposit Bonus 2019

For whatever reason you want to double your account with a deposit bonus, you should know that there are some differences between the 100% deposit bonuses of different forex brokers.

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For example, some of them are withdrawable but others arejust to support your margin and enable you to trade larger lot sizes.

Some others only have the name of 100% deposit bonus and are basically for advertising purposes.

For finding the best 100% deposit bonus, I searched a lot offorex brokers and went through the terms and conditions of their depositbonuses to see how realistic they are.

Some of them were totally useless, so I eliminated them.

I’ve found some that have better conditions than others,either they are withdrawable or not.

Let’s find out about them.

Forex Brokers with the Best 100% Deposit Bonus

Here’s a list of the forex brokers with the best 100%deposit bonus along with a concise version of their terms and conditions:

1- HotForex

Hotforex offers two types of 100% bonus on new deposits, 100 credit bonus and 100 Supper Charged. One of them is withdrawable and the other can’t be withdrawn and it’s more like a rebate or cashback system.

Hotforex doesn’t accept clients from the US, and Canada. The UK and EU clients of Hot Forex can’t request for its bonuses

Let’s take a look at the terms and conditions of Hotforex100% credit bonus:

100% Credit Bonus

To be eligible for this bonus, you need to deposit at least $100

The bonus is available for these types of accounts of HotForex: Micro, Premium, and Islamic

For releasing the bonus, you need to trade a specific numberof lots which is calculated as follow:

For example, if you deposit $100 and receive a $100 deposit bonus, you need to trade 50 lots (100/2) in order to be able to withdraw the $100 bonus.

There’s no time limit for completing required lots

So in the example above, you may trade 50 lots in one month, six months, 12 months, and etc.

The positions with the profit of 3 pips or less aren’t taken into account when calculating the required lot size

So, besides not being able to choose the ECN account, your 3 pip positions aren’t considered for 100% deposit bonus which makes the bonus not favorable for scalpers especially for the ones hunting 2 or 3 pips.

The maximum 100% bonus you can get is $30000 for each account and $150000 in total

So if you want to deposit more than 30K and request for thebonus, you should open two, three,.., or 5 accounts.

If your equity goes below the amount of your deposit, the bonus will be canceled

For example, if you deposit $100 and receive a $100 deposit bonus, then trade and lose $100 (your deposit), the $100 bonus will be removed automatically.

You can find a full version of the conditions here.

Pros

The bonus is withdrawable

There’s no time limit for lots completion

100 Supper Charged Bonus

As mentioned before, this bonus is more like a cashback system than a deposit bonus which means you receive a portion of every lot you trade.

Let’s see what the terms and conditions of the Hotforex 100% Supper Charged bonus are.

The minimum deposit for being qualified for this bonus is $250

Only Premium and Islamic accounts are available for thisbonus

So just like the previous bonus, this bonus is not a goodoption for scalping.

Unlike the 100 credit bonus, this one is just given to one account which means you can’t open several accounts and request for it

The maximum bonus you can receive is $50000

The bonus is not withdrawable but profits and rebates are

For every standard lot that you trade you receive 0.2 lots

For example, you trade 1 lot EURUSD which is worth $10, so you receive $2 as a rebate.

The maximum rebate you can get is $8000

Trading forex pairs and gold are taken into consideration when calculating rebates

So for example, if you trade cryptos or indices, you don’treceive rebates.

If your equity gets under your deposited money, just like the previous bonus, your bonus will be removed

Find out more about Super Charged bonus here

Cons

Just available for premium and Islamic accounts

2- FBS

FBS has a 100% deposit bonus offered for every deposit youmake.

FBS doesn’t accept clients from the US, Belize, Russia, and Cyprus

Ok, let’s see what we can find out about FBS 100% deposit bonus

There’s no minimum deposit for receiving the bonus and you can request that with any amount of deposit

The deposit bonus is available for all types of FBS accounts except for ECN

The bonus is withdrawable but before withdrawal, you need to trade a specific number of lots

There’s no time limit for completing required lots

The required lots are calculated as follow:

For example, you deposit $120 and receive $120 as depositbonus. You need to trade 40 lots before withdrawing the $120 bonus.

If you lose 70% of your initial deposit, the bonus will be canceled

Deposit

The maximum bonus that you can ask for is $10000.

You can find more information about FBS deposit bonus after registration here and in your cabinet.

Pro

The bonus is withdrawable

There’s no time limit for completing required lots

Fewer required lots compared to other brokers

3- RoboForex

Roboforex has another Forex broker that has up to 120% deposit bonus which is called Classic bonus.

Roboforex doesn’t accept clients from the US, Canada

The minimum deposit is $10

You can pick from one of theses percentages as deposit bonus: 25%, 50%, 100%, and 120%.

For instance, if you deposit $1000 and request for 50% bonus, you’ll receive $500 and your account becomes $1500.

You can withdraw the bonus after trading a specific numberof lots as follow:

For example, you deposit $400 and receive $400, now you have to trade 200 standard lots before withdrawing your bonus.

No time limit for lots completion

The maximum bonus you can ask for is $50000

The bonus will be canceled if you lose your deposited money

See more on terms and conditions

Pros

It’s withdrawable

There’s no time limit for lot completion

up to 120% bonus

4- InstaForex

InstaForex has several bonuses including 100% deposit bonus which is available for your first deposit in every account you open.

Instaforex don’t accept US residents

There’s no minimum deposit for using this bonus

The bonus is not withdrawable and you can only withdraw your profits

The maximum 100% bonus you can receive is $2000, however, if you deposit between $2000 and $5000, you’ll be offered 50% bonus for the $3000 reaming deposit. For any amount above $5000, you’ll receive 30% as the bonus

For example, you deposit $7000. In this case you can get100% for $2000 which is $2000, 50% for $3000 which is $1500 and 30% for $2000which is around $666. Therefore, for your $7000 deposit, you can receive around$41666.

Only the Standard and Cent accounts of Instaforex are available for this bonus

You can just trade forex pairs and other trading instruments such as Cryptos, Indices, and etc aren’t available

If your equity goes below the 120% of the bonus, it’ll becanceled

For example, you deposit $100 and receive $100 as the bonus,now you have $200. Then you trade and lose $120. In this level, your bonus willbe canceled and your account will be $0.

If you don’t trade for one month, the bonus will be canceled

More about terms and conditions here

Pros

Not much, because the bonus acts as margin supporter

5- JustForex

Just forex has several one-time deposit bonuses including50%, 100%, and 115%.

JustForex doesn’t accept US residents

The minimum deposit for 50% bonus is $100. Between $100 and$500 you can request for 100% bonus and above $500, you can receive 110%deposit bonus.

The bonus is withdrawable after trading a number of lots

The number of lots you need to trade before the withdrawal is calculated as follow:

There’s a time limit of 30 days for completing the requiredlots

For example, if you deposit $300, you’ll receive $300 as thebonus. Now, you need to trade 100 lots in order to be eligible for withdrawal.

Pro, Mini, and Standard accounts are the available accounts for the deposit bonuses. Cent and ECN accounts of JustForex are not included.

The maximum bonus that you can ask for is $40000

If your equity goes below your deposit, the bonus will beremoved

For example, you deposit $200 and receive a $200 bonus. Now you have $400. Then you trade and lose $200. At this level, your bonus will be canceled and your balance becomes $0.

The trades with the targets of 3 pips and less are notconsidered when calculating required lots

So this bonus is not a suitable option for the scalpers who squeeze as low pips as 3 or less.

You can find a complete version of JustForex terms and conditions here.

Pros

It’s withdrawable

110% deposit bonus available

Cons

Time limit for completing required lots

ECN account is not available

6- SuperForex

Superforex has several deposit bonuses including a 120% one, which has been increased to 202% for the entire year of 2020

SuperForex doesn’t accept US residents

Playerslounge

The minimum money you need to deposit in order to ask for 202%bonus is $100 and there’s no minimum deposit for 120%

The bonus is not withdrawable and you can only withdraw theprofits that you make

There’s no time limit for keeping the bonus amount in youraccount

If you lose your deposit, the bonus will be removed

If your margin level goes below 300%, the bonus will be canceled

So basically the bonus is worth nothing and is just for attracting clients

You can find more information after registration in your cabinet

7- Trader’s Way

Playerslounge 100 Deposit Bonus

Trader’s Way is a forex broker that has deposit bonuses up to 100%.

Trader’s Way doesn’t accept clients from the US

There’s no minimum deposit for the 100% deposit bonus ofTrader’s Way

The bonus is withdrawable and you can redeem it by trading anumber of lots

For every dollar to be released, you need to trade 2standard lots.

Playerslounge 100 Deposit Bonus

Let’s say you deposit $100 and receive $100 as the bonus.The $100 in your account is a 100 dollar credit and is not considered yourmoney. As a result, if stop out takes place, it won’t help your margin.

Every 2 lots that you trade, $1 is deducted from the credit and considered as your money that you can either withdraw or keep it in your account for trading

The maximum deposit bonus that you can receive is $5000

This bonus is available for MT4.FIX, MT4.VAR, and MT4.ECN accounts of Trader’s Way. MT5.ECN and cTrader that are the other two types of this broker are excluded from this deposit bonus

There’s no time limit for releasing the bonus

News trading is prohibited when you are trading with an account attached to the bonus

See more about terms and condition

Pros

Withdrawable

No time limit

ECN account available

Cons

More required lots compared to other 100% deposit bonuses

Common Terms and Conditions of 100% Deposit Bonus

Every forex broker that offers 100% deposit bonus has its own set of rules but many of these terms and conditions are common among them.

Let’s take a look at the ones that you probably see in the termsand conditions of the 100% deposit bonuses.

If a deposit bonus is withdrawable, you need to trade aspecific number of lots before you can withdraw that.

Every forex brokers set out its own calculation for requiredlots. For instance, some tie every dollar to one lot and others release $3 forone traded lot.

For example, you receive $120 as deposit bonus. Brokers A allows you to withdraw that amount after trading 120 standard lots but broker B releases your bonus after trading 40 standard lots.

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Another condition that you might come across is time limit.

Sometimes a forex broker sets a time limit for trading thementioned specific lots. For example, you need to trade 30 lots in one month.

If the required lots you need to trade are in the commoncategories such as one lot for 1, 2, or 3 dollars; that time limit makes thebonus hard to release.

For example, you get $120 and for releasing that, you needto trade 40 lots in 30 days. As you can see, it’s very hard to pull off.

The next condition that you might see is setting alimitation on the maximum 100% deposit bonus you can request for.

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For example, the max bonus you can receive is $50000 so ifyou deposit $60000, you only receive $50000 as bonus, not $60k.

The other important condition that you should be aware of isrelated to the number of withdrawal or the conditions that might happen if youwithdraw your money before trading all the required lots.

In some cases, you can only withdraw once and after that, your bonus will be canceled.

For example, you’ve received $100 as deposit bonus.According to the conditions of the bonus you need to trade let’s say 50 lots.You trade 10 lots and release $20 of your bonus.

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If you take that profit out of your trading account, the rest, or in some cases, a part of the bonus will be removed.

The Bottom Line

If you are looking for increasing your edge andprofitability, looking for the forex brokers with 100% deposit bonus can be a wiseidea because if there’s extra money to make, why shouldn’t.

However, you should completely be aware of the deal you get and make sure that none of the clauses of the bonus is against your style of trading and your trading, in general, doesn’t hurt in any way.

The only way that you can be confident about that is byreading the terms and conditions of the bonuses meticulously.

I tried to give you concise reviews of them and mention the important ones so you have a general idea of which one to pick but make sure to read them completely on the brokers’ websites. That’s why I provided a link to the terms and conditions pages after explaining every one of them, above.