A forex welcome bonus is an incentive that brokers offer to attract new traders. It’s usually given as extra trading funds when you open an account or make your first deposit. Some brokers offer a no-deposit bonus, which lets you start trading without adding your own money, while others provide a percentage-based bonus tied to the size of your initial deposit. The goal is to give new traders more margin so they can open slightly larger positions or explore the platform with less pressure.

The bonus itself isn’t usually withdrawable. Brokers set specific trading volume requirements that must be completed before you can withdraw profits earned while using it. These conditions help the broker manage risk and prevent abuse. Terms vary by broker, so it’s important to check whether strategies like scalping or high-frequency trading are restricted. You should also confirm how the bonus interacts with leverage and whether losing trades could cause the bonus to be removed.

A welcome bonus can help test a broker’s environment, but it shouldn’t replace proper risk management. It’s best used as a temporary boost while you learn the platform’s tools, order execution, spreads, and overall trading experience. Traders who understand the rules clearly are more likely to benefit from the bonus without facing withdrawal issues later.