easyMarkets Bonus Overview:
- Bonus Types:
- Welcome Bonus: easyMarkets sometimes offers a welcome bonus to new traders. This could be a fixed amount or a percentage of the deposit you make when you open an account.
- Loyalty Bonuses: For existing users, easyMarkets may offer additional bonuses or promotions, such as deposit bonuses, rebates on trading fees, or other loyalty rewards.
- Bonus Size:
- The size of the bonus typically depends on the deposit you make. For example, some bonuses are based on a percentage of your initial deposit, such as 10-30%. This means the bonus amount can vary significantly depending on how much you deposit.
- However, these bonuses are often relatively small compared to those offered by some other brokers. For example, some brokers might offer much larger deposit bonuses, while easyMarkets' bonuses are generally more modest.
- Bonus Terms and Conditions:
- Trading Volume Requirements: Most bonuses come with a trading volume requirement, meaning you must trade a certain amount before you can withdraw the bonus or any profits made from it. These conditions can vary widely, and sometimes the requirements can be quite high.
- Withdrawal Restrictions: Some bonuses may have withdrawal restrictions. For example, you may need to trade a certain volume or maintain a certain account balance before being able to withdraw the bonus or profits derived from it.
- Expiration: Bonuses can also have expiration dates, meaning you must meet the requirements within a certain time frame to receive the bonus.
Is the easyMarkets Bonus Considered Poor?
It depends on what you're expecting from a bonus:
- For New Traders: If you're just starting and looking for a small bonus to boost your initial trading capital, easyMarkets' bonuses could be helpful, though they may not be as large as those offered by some other brokers.
- For Experienced Traders: If you’re an experienced trader looking for significant bonuses, you might find easyMarkets' bonus offerings to be underwhelming compared to other brokers, who might offer larger or more flexible bonuses.
- Terms & Conditions: If you don’t meet the bonus' trading requirements or if you’re not looking for added restrictions, you might find the bonus structure to be less attractive.
Pros of easyMarkets Bonus:
- Simple and clear terms: The bonus conditions are generally transparent, and easyMarkets is known for having simple and straightforward policies.
- Lower deposit requirements: Some brokers require large deposits to qualify for bonuses, but easyMarkets might offer bonuses with lower deposit requirements.
Cons of easyMarkets Bonus:
- Moderate bonus size: The bonus may not be large enough to be a game-changer, especially for larger traders or those looking for substantial boosts to their trading capital.
- High trading volume requirements: While you may receive a bonus, the volume of trading required to withdraw it or any profits can be quite high, meaning it may take some time before you see any tangible benefits.
Conclusion:
If you’re expecting a large bonus, easyMarkets' bonuses might seem modest in comparison to some other brokers, and some traders may find them less rewarding. However, they can still provide a helpful starting point for new traders or those who are just looking for a small boost to their trading activity. If you're considering the bonus, make sure to carefully read the terms and conditions to understand the requirements involved.