A $50 welcome bonus is a great way to boost your starting capital when you start trading. Though many brokers have ceased offering welcome bonuses, some still use it to attract new traders opening an account for the first time. Here are brokers that offer this type of bonus.
How does a $50 forex welcome bonus work?
A $50 forex bonus is essentially a gift of $50 credited to your trading account upon meeting certain requirements set by the broker. Here’s how it typically works:
- You must register: To be eligible for the $50 welcome bonus, you have to register a new trading account with the broker.
- While the bonus is free, it is usually attached to some trading requirements. These requirements might include minimum trading volumes, minimum deposit, or a specific number of trades to be executed before you can withdraw any profits made from the bonus.
- You can only withdraw profits from trading with the bonus, not the bonus amount itself. Additionally, there could be a maximum withdrawal limit on these profits.
- You have to claim and use the bonus within a certain period after opening your account.
Comparing Forex Brokers With $50 Bonuses
| Broker | Min Deposit | Trading turnover | Bonus withdrawal |
|---|---|---|---|
| Pocket Option | $50 | X50 | No |
| XB Prime | No deposit | Minimum of 5 trades | No |
| Mekness Limited | No Deposit | 5 lots | No |
| xChief | $50 | Total turnover of all deals | No |
| OrbiCapital | No deposit | – | – |
| Octa | $50 | Bonus amount in USD/2 | No |
How to choose a $50 Forex welcome bonus
A bonus isn’t the only factor to consider when choosing a broker. Others include:
Terms and Conditions: Always read the fine print. The T&Cs contain the minimum requirements, eligibility criteria, deposit requirements, and bonus cancellation terms.
Broker reputation: Check reviews and feedback from other traders to confirm a broker’s credibility.
Regulatory compliance: The broker should have regulatory oversight. This offers you the financial security you need.
Extra fees: The broker you choose should be upfront about all the fees it charges.
Confirm compatibility: Check if the trading platforms offered are compatible with your devices. Also, check whether the broker will help you meet your trading strategies and goals.
Bonus type: Always check whether the $50 bonus is a no-deposit or a deposit bonus.
Customer support: Ensure the broker has a reliable customer support team.
Pocket Option Forex $50 welcome bonus
Pocket Options is a brokerage platform that’s part of Gembell Limited Holding, a professional group of expert traders and investors. The platform focuses on predicting short-term movements in assets such as currencies, commodities, cryptocurrencies, and stocks. With a free demo available, the broker makes trading easy for new traders.
When you register, Pocket Option provides a $50 registration bonus once you deposit a minimum of $50. After registration, you can get the bonus on your first deposit in the top right corner of the website. You can also use the promo code 50START as you register.
Terms and Conditions
- You must deposit a minimum of $50
- The maximum bonus amount is $5,000
- Profits can be reinvested
- You can withdraw your deposited amount and available profit any time, as long as you have enough funds in your real account balance.
- Bonus profit is available for withdrawal when your net trading turnover reaches 50 times the bonus amount.
XB Prime $50 welcome bonus
XB Prime is a broker with thousands of instruments including forex. There are two main accounts to choose from, low spreads starting from 0.2pip, and leverage of up to 1:500. XB Prime keeps client funds separate and enforces a negative balance protection policy that protects clients.
XB Prime rewards you with a free $50. This is a $50 no-deposit welcome bonus. This means you do not need to make any deposit in order to access the perks of the .
To be eligible, open an account and verify your KYC documents. If your account is approved, you will access the bonus on the “Live Account” under the Accounts tab. You can then select the MT4 Bonus Account type you prefer.
Terms and Conditions
- No deposit required
- Available to all clients XBPrime clients using the MT4
- Hedging an open position in less than 2 minutes will result in losing the bonus
- Only available in Latin America.
- You must open an account directly, not through an intermediary.
Mekness Limited $50 welcome bonus
Mekness Limited is a broker available in over 60 countries. The platform provides a free demo account to practice under real-world conditions. With a minimum deposit of $10, clients get a leverage of up to 1:500 and a minimum spread of 0.6.
Another benefit of the platform is the $50 no-deposit bonus given to new traders. All you have to do to access the Mekness bonus is register. The bonus will be credited to your No Deposit Bonus account. The profit earned will then be added as credit to your live account.
Terms and Conditions
- The bonus cannot be withdrawn
- You can only place the trading volume of 0.01 in a single trade.
- You must complete the trading of 5 lots.
- If equity is less than $50 you can’t withdraw the bonus
- Valid for only 30 days
xChief $50 welcome bonus
xChief, formerly known as Forex Chief, is a brokerage firm operating in the market since 2014. The platform has one of the highest leverages of up to 1:1,000 on certain trading instruments. All the assets are traded on either MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
Though the platform does not offer a forex $50 welcome bonus, it has a 100% bonus of up to $500 that can be accessed with a $50 minimum deposit. Once you register, check the “Enroll Welcome Bonus” option on the replenishment form.
Terms and Conditions
- The bonus is available to Classic+, DirectFX, or xPRIME traders
- The Welcome Bonus must be claimed during the initial deposit of at least $50. For this purpose,
- Profit can be withdrawn at any time.
- You must meet the required trading turnover, calculated using the formula: Required Turnover = Welcome Bonus in USD * 50,000.
OrbiCapital $50 welcome bonus
Founded in 2019, OrbiCapital provides investment opportunities to traders looking to invest in exchange pairs, commodities, and global stock markets.
OrbiCapital is offering a Forex $50 no-deposit bonus. This bonus is slightly different from other welcome bonuses as you will need to spin a virtual wheel to win the bonus. The virtual wheel becomes available after you register and verify your personal details.
Terms and Conditions
- You can’t cash out the bonus. Only profits can be withdrawn
- Open to all registered OrbiCapital clients
Octa $50 welcome bonus
Octa, previously OctaFX, is a trading platform with over 200 tradeable instruments. It provides trading through MT5 and educational resources, such as trading ideas, daily updates, and weekly forecasts. Its trading accounts are Sharia-compliant and has its own OctaTrader web platform.
OctaFX is offering a 50% deposit bonus offered to new traders who trade with at least $50. To claim the deposit bonus, you will need to sign up on the platform, validate your identity, and make the deposit.
Terms and Conditions
- You must claim the bonus immediately after you deposit
- You must meet the volume requirements
- If the equity of your account is less than your bonus amount or equal to it, the bonus will be canceled.
- Once you withdraw any funds the bonus is cancelled.
How to get Forex $50 welcome bonus
Getting a Forex $50 welcome bonus is easy. All you have to do is open an account with the broker of your choice, the broker you choose and complete the verification process. Some brokers require you to deposit while others credit your account right away.
Can I withdraw my Forex $50 welcome bonus?
This depends on the bonus requirements but most brokers only allow you to withdraw the profits from trading with the bonus.
Is the $50 Forex bonus available in my country?
The $50 Forex welcome bonus is used by many brokers to attract new clients from different regions. Always check the broker’s terms and conditions to confirm if the bonus is available in your country.
What are the best Forex Brokers that give $50 welcome bonus in South Africa?
FBS: Overall, FBS is considered the best broker with a $50 USD welcome bonus offer. They provide access to deposits and withdrawals via 200+ options, lightning-fast execution, leverage up to 1:3000, and spreads from 0 pips.
InstaForex: InstaForex offers the biggest welcome bonus in the industry, up to $1000 USD.
Forex4You: A trusted choice for beginner traders, Forex4You offers a $50-$140 welcome bonus.
Admirals: A highly regulated broker suitable for trading professionals.
Libertex: Offers a 100% deposit bonus, up to $10,000 USD.
AMarkets: Provides a double-your-deposit bonus offer.
Axiory: Offers +100% deposit and no-deposit bonus options.
IronFx: Exclusive bonus offers and favorable trading conditions.
How long does it take to receive a $50 welcome bonus?
The time it takes to receive a $50 welcome bonus depends on the broker. It can be immediate or take a few business days after signing up with the broker.
Staying protected from broker $50 welcome bonus scams
There are thousands of forex broker firms to choose from and some of these are scams. Broker scams use welcome bonuses to attract unsuspecting traders. While a Forex $50 welcome bonus is attractive, always do your research to avoid being scammed.
Finally
Each broker has its own T&Cs that must be adhered to before you enjoy the bonus. While bonuses are attractive, it’s important to note that brokers use them to entice traders and you must research extensively by reading reviews to ensure the broker aligns with your trading goals and does not take advantage of you.
