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FXTM and LiteForex Offer Bonuses to First-Day Depositors

Apr 10 2013
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I think most of us agree bonuses are generally a good thing, allowing traders to utilize more funds, make more trades and, ultimately, gain more profit. They can be especially useful for traders who have just picked a broker and would like to try out its services without risking too much money. So, the two new promotions we have from FXTM and LiteForex should be extra attractive, since both offer bonuses to traders who deposit within 24 hours of opening a new account. 
 
FXTM's “Get More Volume" promotion allows new account holders who deposit during the first day after the account was opened to receive 100% of their deposit, up to $/€6000, as a bonus. The promo will run until May 31, which means you have a month and a half to register, get your bonus and trade the required number of lots (which can be seen in the table below) before you can withdraw your had-earned cash. 
 
 
Of course, there are several points you need to bear in mind. First of all, transferring funds from your old account to a new one will not be considered a deposit, and bonus money cannot be transferred either. If you wish to make any withdrawal (even if it's just your initial deposit), you need to first complete the necessary trading lots. Otherwise, you lose your bonus. 
 
LiteForex's "Non-stop Bonus" offer is somewhat more modest – 30% for your initial first-day deposit of over $100, and 15% for any deposits above $100 that come after that. The good news is, the promotion period here is significantly longer – one whole year after the bonus is received. Also, withdrawal stipulations are not as harsh: withdrawals will result in a deduction from the bonus amount in proportion to the remaining account balance. Any profits you make using the bonus funds will also be free to withdraw.
 
You will, however, still need to pay attention to the number of transactions you make. Before the bonus can be added to your account balance, you need to complete at least 50 transactions with a volume amounting to at least 30% of the bonus amount. Confused yet? Don't worry, here's a simple example. Say you decide to deposit $1,000. You get 30% bonus, equal to $300. This means your trading lot requirement is 90 lots. You should note that if you use an NDD account, the amount will be 10 times higher, and 100 times higher for LiteForex accounts. 
 
I do, of course, realize that not everyone is in a rush to deposit money in a brand new account as soon as it is opened. If you don't want to make a first-day deposit, there are still plenty of other options out there, like RoboForex's up to 25% or $10,000 and FxNet's 100% up to $10,000 deposit bonus. Whichever one you choose, the result should be the same – extra money in your account to be turned into profit.
 
 
TAGS: fxtm  liteforex  bonus  first-day  first-day deposit  first-day deposit bonus  deposit bonus  forex  forex bonus 

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