Uncovering Which Broker Has the Highest Bonus Offer for Traders in 2023

Success in forex trading is often a matter of making the right moves at the right time. It’s an intricate blend of knowledge, strategy, and opportunity. One element that often swings the pendulum in favor of traders is a generous forex bonus.

Forex bonuses are attractive enticements offered by brokers, and when saying ‘attractive’, it is referring to those substantial figures that prompt an immediate query — “Which broker has the highest bonus?”

Traders Union experts have analyzed, compared, and compiled a list of brokers who don’t just promise high bonuses but deliver. So, you can join the Forex trading platforms and get the highest bonuses brokers offer for traders in South Africa. Check the top selection and learn more at the Traders Union site.

Most Common and Typical Forex Bonus Size

Forex bonuses usually take two forms, designed to entice both new and existing traders. Traders Union experts have checked the typical offers:

  • No-Deposit Forex Bonus: As the name suggests, this bonus does not require any deposit from the trader. The typical size of such bonuses ranges from $5 to $50.

  • Forex Welcome Bonus: This bonus is a percentage of the trader’s initial deposit and serves as a welcome gift from the broker.

Top Brokers with the Highest Bonuses in South Africa

When it comes to forex trading, every advantage counts. Bonuses offered by brokers can provide that additional leverage that could turn the tide in a trader’s favor. To help traders in South Africa, the Traders Union’s team has compiled a list of top brokers offering the highest bonuses.


Established in 2007, InstaForex has become a reputable name in the world of forex trading. The platform boasts various trading instruments, from major and minor forex pairs to commodities, indices, and even cryptocurrencies. This variety offers traders ample opportunity to diversify their portfolios and capitalize on different market conditions.

Regarding bonuses, InstaForex truly sets the bar high. They offer new clients an enticing no-deposit bonus of up to $1,000. New traders can start trading and potentially profit without depositing their money.


TeleTrade is one of the older players in the field, having been founded in 1994. Over the years, they have built a vast selection of assets for traders. These range from forex pairs and commodities to indices and stocks, providing traders with numerous options to suit their trading preferences and strategies.

Regarding bonuses, TeleTrade stands out with its offer of a 100% bonus on the first deposit. This means that a trader’s initial investment is effectively doubled, providing a much larger balance to trade with and thereby increasing potential profits.


FBS has been operational since 2009, and in that time, they’ve established themselves as a reliable platform with a diverse range of tradable assets. These include forex pairs, commodities, indices, and stocks, giving traders abundant options to trade according to their market insight and strategy.

What sets FBS apart in the bonus arena is its $100 no-deposit bonus for new clients. This attractive offer allows newcomers to kickstart their trading journey without any initial investment, making FBS an ideal platform for those testing the forex waters.


Despite being relatively young in the forex market, Libertex, established in 2015, has already earned a solid reputation. They offer extensive trading instruments, including forex pairs, commodities, indices, and even cryptocurrencies.

Regarding bonuses, Libertex stands its ground with a competitive 100% bonus on initial deposits. This offer doubles a trader’s starting balance, significantly boosting their trading capacity.


Since its establishment in 2006, AvaTrade has consistently offered an extensive range of trading instruments, from forex pairs to commodities, indices, stocks, and even bonds. Their wide asset range allows traders to diversify their portfolios and adapt to market conditions.

In the bonus realm, AvaTrade offers a 20% bonus on deposits up to $10,000. This generous offer provides traders with extra trading funds, increasing their potential return on investment.

Is it Possible to Withdraw a Forex Bonus?

Forex bonuses are a boon for traders, but can they be withdrawn? Yes, however, there are conditions attached. Typically, a broker requires traders to achieve a certain trading volume before they can withdraw the bonus. Certain time constraints also apply.


Identifying the broker with the highest bonus offer can significantly bolster your trading venture. Still, it’s crucial to remember that bonus size should be balanced with other critical aspects such as regulation, trading conditions, and customer support.

To delve deeper into the topic of ‘which broker has the highest bonus offers’ and more, visit the Traders Union website. Experts’ resources and insights will equip you with comprehensive knowledge, guiding you to make informed decisions on your trading journey.

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