Quantcast
Published On: Mon, Sep 14th, 2015

10 ways to attract new clients for the FOREX brokers

The journey of the Forex (Foreign Exchange) market started in the end of 1970s when many countries decided to cease to maintain a fixed relationship of their currency with that of the US dollar or gold. It should be noted that in the present times, FOREX is the largest financial market in the world. Here, you can trade on your account, irrespective of where you live. Also, one should remember that different FOREX brokers will provide you with different opportunities as well as different bonuses.  

dollar-ten dollar bills pile by Gerd Altman via pixabay

photo/ Gerd Altman via pixabay

Let’s take a look at the 10 ways through which the FOREX brokers attract new clients for their companies:  

  1. Loyalty program: At present, this has the highest rating in order to attract new clients. This option not only provides initial attraction of new trades, but it also helps in the promotion of current clients. The main idea behind this option is to give scores to every action of trader. With the help of these scores, the trader is provided with different things he wants – compensation of commissions for transfers, improvements of trading conditions, discounts for training, etc. The clients should note that the more actively he or she trades, the better benefits he or she will get. One of the most brilliant examples of it – Alpari bonus program.
  2. “No-deposit” bonus: There are certain brokers who offer small amount of cash to their new clients when they start off with their trading accounts after registration. This bonus is a no-deposit program is a no-deposit bonus. The main aim of this bonus is to make the client try the trading platform effectively. Also, it will give the trader an idea about the speed of work in reality. The amount of this bonus varies between 5 to 50 USD. There are some newbies who try to withdraw this amount, but things are not that easy!
  3. Deposit bonus: This is another attraction for the traders. A deposit bonus will help to boost your account when it is time to invest more money into live Forex trading. It might help you get up to 100% of the initial investment!
  4. Demo-accounts contests: This option is mainly available for newbies. Different types of outstanding contests are held every year. The contest will start on a specific day of every week. You will have to keep a track of the demo-accounts contests and participate in it. You will also be updated by the trader about this.   
  5. Real accounts contests. These contests are for experienced traders.  The traders will get different types of contest in this range which might even last for 1 week. Certain contests might even last for a month. You can choose the right contest for yourself after reading the terms and guidelines of the contest.
  6. Free Forex analytics: One of the ways to attract new traders is to provide them with free analysis of the market. The market reviews and recommendations for traders will help them invest in the best possible deal and ensure that they get back good returns. So, the chances of losing money reduces and more people get attracted to it.
  7. Bonuses for training: If you join a specific trading platform and if you are new in this field, then it will be better for you to get a training. While training, you will get bonus amount which you can use for practice.
  8. Partial rebate of spread: This is a system of partial repaying of spread once each deal is made. This is an attractive option for many traders.
  9. “Refer-A-Friend” bonus: Most of the trading platforms offer the option of “refer-a-friend” bonus. If you refer your friend to a trading platform and if that person is successful, then you will be able to win a bonus.  Very often, a unique coupon code is used to identify the referrer.
  10. “Exotic” bonuses: In this option, the traders will get the option of trading in exotic currencies.

Hopefully, after reading the above mentioned points, you will be glad to get into FOREX.

On the DISPATCH: Headlines  Local  Opinion

Subscribe to Weekly Newsletter

* indicates required
/ ( mm / dd ) [ALL INFO CONFIDENTIAL]

About the Author

- Adam Lee is a financial writer who has insightful knowledge in dealing with different financial issues. He tries to help people to get out of difficult financial situations by contributing financial write ups to websites and blogs such as Moneyforlunch.com and Moneynewsnow.com

Displaying 6 Comments
Have Your Say
  1. altredo review says:

    Very good info. Lucky me I recently found your website by chance (stumbleupon).
    I have bookmarked it for later!

  2. Best Forex Platform Reviews | optionstrading says:

    […] 10 ways to attract new clients for the FOREX brokers – Also, one should remember that different FOREX brokers will provide you with different opportunities as well as different bonuses. Hopefully, after reading the above mentioned points, you will be glad to get into FOREX. […]

  3. Johnathan Binary says:

    best brokers on binaryoptions888.com 100% true info

  4. Our site says:

    Be sure that you don’t allow that to happen, as well. ” That means your home office must be your actual office, not just a spot in your home where you sometimes do work, and it must be exclusively workspace and not used for other purposes. What I am saying is that organizational leaders and their associates generally expend too much energy and money on deficiencies and attend insufficiently to augmenting or leveraging existing capabilities.

  5. The MT4 Forex Weekend Gap EA Review | Read & Purchase says:

    […] 10 ways to attract new clients for the FOREX brokers […]

  6. hiwayfx review says:

    When it comes to trading in the forex market every trader needs to have an in depth insight into different proceedings of the economy. The economic calendar available on HiWayFx helps the trader to analyze different events happening in economies all around the world. He can easily speculate these events and trade according to his predictions in the forex market.

like_us_on_facebook

 

The Global Dispatch Facebook page- click here

Movie News Facebook page - click here

Television News Facebook page - click here

Weird News Facebook page - click here 

DISPATCH RADIO

dispatch_radio

THE BRANDON JONES SHOW

brandon_jones_show-logo

Archives