OctaFX Sign Up Bonus

OctaFX - Sign Up Bonus

 

OctaFX Sign up Bonus

 

A first time OctaFX sign up bonus is not offered by OctaFX.

Traders who register a real account with OctaFX are not offered with either a first time sign up bonus, or a welcome bonus.

OctaFX offers a 100% deposit bonus on each deposit which applies to both new and existing traders when a deposit of at least $50 is made into the trading account.

To make the deposit withdrawable, traders will have to comply to the trading requirements of a certain amount of lots to be traded. This will be determined by the amount that the trader deposits into the trading account.

Brokers often offer these broker bonusses to new traders in an effort to draw in more customers in addition to encouraging trading activities. Offering a deposit or welcome bonus is 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.

 

Referral Bonus

 

OctaFX does not currently offer referral bonuses to new or existing traders who make use of the products and services offered by OctaFX. The only referral program which is offered, is only available to introducing brokers.

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 includes, 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 attempts to counter it by providing such bonuses.

 

Additional bonuses, promotions and rewards

 

OctaFX 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

 

PROS CONS
1.      Deposit bonus offered to new and existing traders 1.      Welcome bonus, , no deposit bonus , and first time sign up bonus not offered
2.      No referral bonus offered
3.      No trading bonus for loyal customers

 

Conclusion

 

OctaFX offers traders who either register a real account, or those who already possess one, the chance of receiving a bonus every time they fund their trading account.

The conditions involved are stricter than when compared to other brokers who offer this type of bonus. Although there are no other bonusses offered, OctaFX has a competitive offering in addition to catering for both beginner and expert traders.