MasterForex offers a welcome deposit bonus to the new Forex traders that decide to start trading with this old and reputable foreign exchange broker. The welcome bonus is actually a deposit bonus that is applied to the client’s first deposit only. The minimum deposit amount to qualify for this bonus is $5.
MasterForex will give 5% credit bonus for deposits up to $3,000. 7% bonus will be applied to first deposits between $3,001 and $10,000. The maximum percentage for bonus is 10% and it is granted for deposits of $10,001 and above.
The bonus is added to trader’s account as credit, meaning that it can only be used to open bigger positions and will be cancelled if withdrawal is performed. To move the received Forex bonus from credit to the account’s balance, a trading condition should be met. One needs to trade 1 mini-lot per each $1 of bonus to make it withdrawable. For example, if you deposit $300 and get $15 bonus for this first deposit, you’ll have to trade 1.5 standard lot to remove all the restrictions from the bonus amount.
It is important to mention that the condition described above can be fulfilled only using the currency pairs – CFDs or precious metals will not be counted for your total traded volume. As usually, MasterForex reserves the right to cancel its welcome bonus at any time without a prior notification.
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