Forex Broker Competition - What Does It Mean For You?

The competition for new traders has spiked over the past year & a half as Forex trading becomes more & more popular, especially in an economy where making money with stocks has become increasingly difficult.

Stiffer competition means more broker bonuses, better customer service and special promotions such as trading contests & free $25 deposit accounts*.

What does this mean for you, the trader? Put simply, it means more money in your pocket.

When brokers compete, traders have better options, more incentives to open an account with a broker and larger bonuses to enjoy.

The ever increasing race to attract the thousands of new, daily, Forex traders means the competition has only just begun.

* A free $25 bonus account is a type of trading account in which the broker deposits $25 for the trader to trade with, without the need of any initial deposit by the trader him or herself. Brokers open these accounts hoping that people will eventually want to trade with more money and make a larger deposit.