No, an MFX sign-up bonus is not offered for first-time sign-ups or beginner traders.
Finding a reputable list about MFX 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.
Although no deposit bonuses are a great way to help you start trading, the terms to benefit from it often require trading with such a high volume before you can withdraw profits, that it may not be worthwhile.
When traders register a real account with MFX BROKER INC, they are offered a 100% deposit bonus or a welcome bonus.
These bonuses are often the best way in which brokers attract new clients in registering for a real account. They often depend on the amount that traders deposit, keeping into consideration that there is always a minimum amount accepted.
Such bonuses can be used in trading activities and the amount is non-withdrawable, while profits that are made while using the trading credit or bonus can be withdrawn.
Such bonuses often have strict terms and conditions involved and traders are urged to ensure that they understand these before making use of the bonus.
Traders also need to realize that demo accounts are not eligible where such bonuses are concerned.
The bonus usually compensates traders for choosing a certain broker, since once the account is active, the trader will have the same expenses as any other. The bonus usually only starts giving some expenses back to the trader once the person has proved himself as an active trader.
Referral bonuses allow traders, who have registered a real account, to earn more rewards when they refer a friend or family member to register a real account with a broker.
MFX BROKER INC does not make adequate provision for a refer-a-friend program. If so, traders who had registered a real account would have been provided with a unique referral link to be shared with up to 4 people in a 12-month period.
Once such a referral would register a real account, made a minimum deposit of $500, and completed five round trades, both the trader and referral could become eligible for a bonus.
Additional Bonuses, Promotions, and Rewards
In addition to a referral bonus, brokers may also offer a cash back bonus, which serves as a trading bonus for loyal customers, where traders can earn a percentage on their spreads, swaps, and commissions in addition to gaining interest on free margin.
The reduction is usually paid to the trader after three months and for traders who refer more than one person, there will be an additional three months for every additional referral up to a maximum of four per year.
After having registered a real account, traders can request to join the cashback program.
Pros and Cons
|100 % Deposit bonus offered||No information on other bonuses available|
|Several contests offered in which traders can win big prizes||No information on contests that are offered|
|Terms and conditions on deposit bonus are not very strict|
|Generous bonus amount offered|
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MFX Broker Inc offers a 100% or first-time sign-up bonus, which becomes fully available for withdrawing as soon as your trading volume of standard lots comprises 10% of the bonus amount in USD.
Apart from this bonus, the brokerage regularly organizes different contests in which traders can win prizes.