Best 10 Forex $100 Deposit Bonuses
| Position | Company Logo | Information | Bonuses | Min. Dep | Regulation | Open an account |
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Minimum Deposit: $20 |  |
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Minimum Deposit: $250 | |
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Minimum Deposit: $250 | |
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Minimum Deposit: $250 | |
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5
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Minimum Deposit: $100 | |
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6
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No deposit bonus | Minimum Deposit: $5 |  |
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7
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No deposit bonus | Minimum Deposit: $10 | |
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Minimum Deposit: $250 | |
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9
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No deposit bonus | Minimum Deposit: $250 | |
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10
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No deposit bonus | Minimum Deposit: $100 | |
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11
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No deposit bonus | Minimum Deposit: $10 | |
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12
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No deposit bonus | Minimum Deposit: $25 | |
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No deposit bonus | Minimum Deposit: $100 | |
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No deposit bonus | Minimum Deposit: $10 | |
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15
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No deposit bonus | Minimum Deposit: $10 | |
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No deposit bonus | Minimum Deposit: $2 | |
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No deposit bonus | Minimum Deposit: $500 | |
Smartytrade is a top online broker providing traders with access to a variety of financial markets. This broker consistently attracts new traders with its generous bonus programs. These enticing bonuses for Smartytrade increase the funds in your trading account, allowing you to enhance your positions and explore new opportunities.
Discover how Smartytrade is enhancing bonus rewards in 2024 and explore strategies to maximize these bonuses for increased profits.
Account Deposit Bonuses
Smartytrade offers new traders attractive deposit bonuses upon opening an account and making their initial deposit. The bonus amount varies based on the type of account that is opened.
Bronze Account Bonus
This account is Smartytrade’s entry-level option tailored for new traders. Comes with a 20% deposit bonus of up to $500. Traders are required to deposit at least $100 to be eligible for the 20% bonus. Upon depositing $100, you will receive an additional $20 as a bonus in your account. By depositing $500, you will qualify for the $100 bonus.
Trading volume requirement must be met before withdrawals can be processed for the Bronze account bonus. Traders are required to complete a minimum trading volume of 15 lots within 60 days of receiving the bonus to be eligible for fund withdrawals. If the trading volume requirement is not fulfilled within 60 days, Smartytrade may withdraw the bonus and any profits generated from trading with the bonus funds.
Silver Account Bonus
This account is designed for traders with intermediate experience. This account provides additional features, market insights, and support compared to the Bronze account. Enjoy a 50% deposit bonus of up to $2000 on the Silver account. To be eligible for the highest $2000 bonus, traders need to deposit a minimum of $4000 into their new Silver account. Deposits of varying amounts will result in different bonus amounts. However, a minimum deposit of $1000 is necessary to activate any Silver account bonus.
Similar to the Bronze bonus, the Silver bonus also has a trading volume requirement that must be met before withdrawals can be made. Traders need to complete a minimum trading volume of 30 lots within 90 days after receiving the Silver bonus. If this requirement is not met, the bonus and related profits will be forfeited.
Gold Account Bonus
Smartytrade’s Gold account provides experienced traders with a 100% deposit bonus of up to $5000. To be eligible for the full $5000 bonus, traders need to deposit a minimum of $5000 into their Gold account. Lower deposit levels will receive smaller bonus amounts, with a minimum deposit of $3000 needed to activate any Gold account bonus.
To qualify for the Gold account bonus funds, you need to trade 50 lots within 120 days. If trading requirements are not met, the bonus credit and any associated trading gains will expire, similar to the other tiers.
Trading Contests
Smartytrade also organizes weekly trading contests with $20,000 in prize money available. Each week, the top 20 traders are awarded cash prizes from the $20,000 prize fund, distributed accordingly:
Prize Distribution
- 1st place: $10,000
- 2nd place: $5,000
- 3rd place: $3,000
- 4th place: $2,000
- 5th – 10th place: $500 each ($2,500 total)
- 11th – 20th place: $250 each ($2,500 total)
Contest Rules and Eligibility
The contests take place every week from Monday to Friday. Traders are required to maintain a minimum account balance of $500 in order to enter. Only actual trading accounts are eligible; demo accounts are not permitted. Participants are required to complete a minimum of 10 round-turn trades per week, with each trade size being at least 0.1 lots. Only forex trades are considered for eligibility, other instruments are not included.
Evaluation Criteria
Winners are selected based on the highest return on margin during the contest week. Smartytrade calculates each trader’s net profit as a percentage of the margin used during the week. The top 20 performers will receive cash prizes.
Tips to Improve Contest Performance
Here are some tips from expert traders on optimizing contest results:
- Carefully select trades with a positive risk-reward ratio
- Use tight stops to limit losses on losing trades
- Reinvest profits from winners to compound returns
- Leverage technical indicators like MACD to spot emerging trends
- Keep detailed trading records to quantify statistics
- Focus on a few currency pairs you have backtested
- Volatility can equal opportunity during contests
- Avoid overtrading or revenge trading after losses
The key is balancing risk management with the pursuit of outsized trading gains to climb the contest leaderboard.
Referral Program
Smartytrade offers the opportunity to increase your earnings by referring friends to open new accounts. When a friend opens an account using your referral link, you earn 20% of their first deposit as a commission deposited directly into your account balance.
- The referral process is straightforward for both parties. Here’s how it works:
- Find your exclusive referral link in your Smartytrade account dashboard.
- Spread your link through social media, forums, email, and other online platforms.
- Keep a close eye on new referrals as they register
- Your invitee should click your link and register for a new Smartytrade account
- They make an initial deposit to fund your new trading account
- Upon deposit, the referrer will promptly receive 20% of the deposited amount.
For instance, if you recommend a friend and they deposit $1000, you’ll get $200 added to your account balance, calculated as 0.2 * $1000.
Additional methods to increase referrals involve sharing your link on trading forums, utilizing email outreach, and integrating the link into your website or blog content if applicable. It is essential to ensure that your unique link reaches a wide audience of potential new traders through various channels, all while offering value.
Giveaway Promotion
Smartytrade is currently offering a tech giveaway promotion for both new and existing traders. By making a qualifying deposit amount during the promotion period, traders can earn entries to win fantastic prizes such as iPads, iPhones, Apple Watches, and iMacs. Increasing your deposit will result in receiving more entries:
New Giveaway Prizes:
Smartytrade selected popular Apple devices tailored to enhance your trading experience:
- Apple Watch Series 9: Deposit Range: $500 – $999, 10 prizes available
- iPhone 15 Pro 256GB: Deposit Range: $1000 – $2499, 5 prizes available
- iPad Pro: Deposit Range: $2500 – $4999, 5 prizes available
- iMac 27′′: Deposit Range: $5000+, 3 prizes available
How to enter
To participate, simply activate the giveaway offer in the My Promotions section of your Smartytrade dashboard and complete a qualifying deposit within the promotion period. Increasing your deposit will earn you additional entries for larger prizes. For example, a deposit ranging from $1000 to $2499 qualifies you for a chance to win an iPhone 15 Pro. However, a deposit of $5000 or more will give you three chances to win the grand prize of a brand new iMac 27”.
Take advantage of the 100% bonus and join this thrilling promotion for a chance to win exclusive Apple gadgets designed for traders. Best of luck!
Conclusion
Smartytrade provides traders with a variety of opportunities to boost their accounts in 2024 through welcome bonuses, giveaways, contests, and referrals. Understanding bonus terms and trading wisely can help traders take advantage of promotions to increase their profits significantly!
FAQs
What happens if I don’t meet the trading requirements?
If the minimum trading volume for a bonus is not met within the specified time frame, the bonus and any profits generated will be canceled and deducted from your account. Make sure to finish the necessary trading activity!
Can I lose my own money trading with a bonus?
Yes, your deposited capital that is separate from the bonus is still at risk if your trades result in losses. Bonuses are simply extra credit. It is important to note that you are accountable for any trading losses you may incur.
How many account bonuses can I get?
Only one welcome account bonus is available per IP address upon opening an account with Smartytrade. Your deposit amount and the type of account you choose will determine the initial bonus. After claiming your welcome bonus for Smartytrade, you may also be eligible for extra bonuses from contests, referral programs, and other promotions that Smartytrade periodically offers to traders.
How are the winning places distributed in Smartytrade’s trading contest?
Winning positions are allocated according to the number of trades completed during the active 1-week contest period. Traders who execute the most trades (minimum size of $10) will have the chance to win top prizes, such as a $20,000 cash payout.
Can I withdraw the bonus amount directly?
You are not allowed to withdraw the initial bonus amount directly. These bonus funds are designated solely for trading activities. Yet, you can withdraw any profits made from trading the bonus after meeting Smartytrade’s minimum trading volume requirements. However, the initial bonus credit cannot be withdrawn as cash; it must be utilized for trading activities in your account.
What are the prizes available for the trading contest?
Cash prizes are awarded to the top 4 traders from the $20,000 fund. The prize breakdown is as follows: 1st place receives $10,000, 2nd place receives $5,000, and 3rd and 4th places each receive $2,500. Additional winners will receive valuable bonus prizes and credits deposited into their Smartytrade accounts.
Can I use the bonus as margin for leveraged trades?
One advantageous aspect of the trading account bonuses from Smartytrade is that they contribute to your total account balance, thereby expanding the margin you can use to initiate new leveraged positions. You can utilize the additional bonus capital as margin to trade larger position sizes and pursue a more aggressive trading strategy than what your original deposited capital may have permitted.
Are there any trade limitations to qualify for contest prizes?
All forex trades above the $10 minimum size are considered for contest eligibility, regardless of whether they result in profit or loss. Only forex is accepted, CFD volumes are not applicable. There are no limitations on the currency pairs that can be traded.
How will I be notified if I win a trading contest prize?
You will receive an email notification about your final rank and prize won at the end of each contest week. You can also monitor the real-time contest leaderboard throughout the week within your Smartytrade dashboard.