No, a Global Prime sign-up bonus is not offered for first-time sign-ups or beginner traders.
Finding a reputable list about Global Prime Sign-up Bonus local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.
Below is an in-depth Sign-up-Bonus review regarding this regulated Forex company, which will assist traders to make an informed decision.
Traders who register a real account with Global Prime are not offered either a first-time sign-up bonus, a deposit bonus, or a welcome bonus.
Brokers often offer these broker bonuses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonuses the best way in which to assure traders that they will receive some money back depending on the initial deposit made.
Various brokers also offer no deposit bonuses to traders in the same effort to draw in more customers and bonuses like this may aid not only the broker in acquiring new clients but also traders who have strict budgetary restrictions.
Although Baxter-FX does not offer bonuses, rewards, promotions, or competitions traders should not be discouraged by this from registering for a real account as bonuses may still be in planning and development phases to be announced at a later stage.
Global Prime does currently offer referral bonuses to new or existing traders who make use of the products and services offered by Global Prime. For every successful client that is referred to them, they will deposit AUD100 (or equivalent) into the existing traders’ trading account.
Referral bonuses are offered by brokers to traders in an attempt to draw in new clients and expand their customer base.
Often these types of bonuses have strict criteria that will have to be fulfilled before the trader can benefit from referring a friend or family member.
Some of the criteria include, but is not limited to:
- The referral has to register a real account with the broker using a unique referral link so that the registration can be traced back to the trader.
- The referral bonus is only applicable should referrals register a real account as these bonuses are not available when using a demo account.
- A certain minimum deposit amount has to be made by the referral.
- The referral may be required to execute a certain number of trades on the new account before the trader becomes eligible to receive the referral bonus
Referral bonuses may also have a limited time in which they can be utilized by traders, perhaps in a given month that brokers see a decrease in activity and attempt to counter it by providing such bonuses.
Additional Bonuses, Promotions, and Rewards
Global Prime does not currently cater for trading bonuses and there are no current initiatives to reward loyal customers.
Trading bonuses serve the purpose of encouraging traders to increase their trading activity in addition to trading higher volumes to gain access to bonuses that offer some cashback.
Pros and Cons
|Comprehensive and competitive trading conditions despite lack of bonuses and rewards||Welcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered with first time sign up|
|Well regulated and well known||No trading bonus for loyal customers|
|Referral bonus offered|
You might also like: Global Prime Minimum Deposit
You might also like: Global Prime Demo Account
You might also like: Global Prime Fees and Spreads
You might also like: Global Prime Account Types
Broker bonuses are one of the best ways to attract new traders in signing up and registering a real account. Not only does this expand the broker’s customer base, but it also awards traders when they sign up or when they make their first initial deposit.
Although Global Prime only offers a referral bonus, the trading conditions are quite attractive and Global Prime is not only a reputable broker but one that caters to beginners as well as more advanced traders.