Exness is a Forex trading broker, which is very popular in South Africa. The thing about Exness that stands out the most to us is its promotional strategies. Exness is not the number one forex broker by any means. If you look at the charts, there are other brokers like AVA traders on top of most charts and ratings, yet most people don’t know about them as they know about Exness. We have to praise Exness’ marketing team for this kind of popularity. Exness has been very efficient in advertising their company. Exness bonus program is also a part of Exness promotional scheme. Exness has been offering bonuses since it got into the business.
This article will discuss the bonuses that Exness is offering in 2021 and how you can get these bonuses. We will also discuss the credibility and worth of these bonuses.
Exness bonus – is it a scam?
The first thing that comes into the mind of a new trader is the possibility of getting scammed in disguise as a bonus scheme. We have observed users who specifically look for a broker who doesn’t offer any promotional bonus. The reason behind the fear that some new users hold is that they think, why would a legit broker who is doing great offer their users a bonus? Users think that if Exness or any other broker is offering a bonus, something is wrong or fishy, and they are not entirely wrong. There have been incidents when users are scammed and lured in by offering bonuses.
Exness bonus, however, is a 100% legit bonus scheme. Exness is a regulated broker. Legal authorities monitor a regulated broker, and they keep an eye on every scheme that the broker offers. The authorities also protect users in case the broker goes bankrupt.
Now that you know that Exness doesn’t scam the users let’s talk about Exness’ programs.
Exness has made a name for itself in the broker market by being popular among users. People who don’t do Forex trading are also aware of it. Exness bonus program has always been there to attract customers.
Exness offers some different kinds of bonus programs, some popular ones include
- Sign-up business program
- Referral bonus program
Exness Sign-up bonus
Exness has been established as a broker for more than 12 years, and the Exness sign-up bonus is as old as the company is. Exness has been good at getting new customers who are in the market looking for a broker.
New user offer
Exness sign-up offer is a bonus reward exclusive for its new users. It is specifically directed at customers who are stepping into Forex trading.
Exness is offering a 10% bonus on the user’s first deposit after making a new account and joining Forex. The bonus is added to the first deposit amount. Users can’t get the bonus after making an account. They have to verify and deposit money for trade.
More of an advertisement
We think that the Exness new user sign-up deposit bonus is more of an advertisement for the broker than a benefit for the trader. The reason behind this scheme is not to offer a free bonus to the new user. The bonus makes sure that more users prefer Exness like any good advertisement or promotional scheme.
Like all of Exness’ program’s their bonus program is also simple and easy to understand. Users have to make a new account and fulfill all the requirements. After verification, users can deposit funds into their account, and upon making their first trade, Exness will offer that 10% promised bonus amount.
Limits to the bonus
If you are wondering about just taking the money Exness offered you as a bonus and using it for something else; you can’t. Exness bonus is not withdrawable, which means you can use it on trading. If you trade and make a profit, that money will be yours to keep.
The Exness bonus is not withdrawable because users can abuse this offer and deposit money to get the profit and leave. Exness wants users and their business for good.
Exness referral bonus
Exness referral bonus programs are not around all the time, so we will also go over them quickly.
It is a bonus that a company offers you to invite your friends on their platform.
Exness has offered their referrals bonus as the standard way to get more customers on the platform and reward the users who invited them.
Should you use Exness for the bonus program?
The bonus scheme is a myth, and we want to break it down for you,
If you are new to Forex trading
If you are a new user who wants to try Forex trading for the first time, then a 10% bonus offer doesn’t sound too bad. Exness is popular among new users as well.
So, we would suggest that it is not a bad deal if you are not signed up with a broker and you want to try Exness for their bonus offer.
Exness has a very low 10-dollar deposit limit which also attracts a lot of new users. Exness bonus program combined with this offer becomes an attractive package. It is best to trade a small amount of money because, being your first trade, you don’t want to risk a lot. If you deposit a large amount of money for your first trade, Exness will offer a bonus on it as well, but if you suffer a loss, the bonus will not cover it at all.
If you have been trading for a long time
If you are not new to Forex trading, then you must be with a broker already. You might be wondering about trying out Exness’ bonus program. We would suggest that you don’t because it is not worth it to switch from your broker.
We encourage new Forex traders to give Exness bonus program a shot. It is a legit program that is best if you want to use Exness for its low requirement features.