$30 Welcome Bonus: OneBid Broker Updated Terms and Conditions for 2024 / October 8, 2024

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OneBid Broker has made exciting updates to its bonus offerings for 2024. After previously offering a $50 no deposit bonus, the broker has introduced a new, simplified $30 Welcome Bonus, available throughout the year. This update comes with revised terms and conditions designed to make the process of receiving and utilizing the bonus smoother and more transparent for traders. In this article, we’ll break down the key aspects of the OneBid Broker $30 Welcome Bonus promotion, explain the terms and conditions, and provide a strategy to maximize your trading experience with the bonus.

What is the OneBid Broker $30 Welcome Bonus?
The $30 Welcome Bonus is a promotional offer by OneBid Broker that allows new and existing clients who haven’t yet received a bonus to kick-start their trading journey. Unlike the previous $50 no deposit bonus, this offer requires a minimum deposit of $10 and is fully available for trading. It’s an excellent opportunity for both beginner and experienced traders to explore the broker’s platform with an enhanced trading balance.

Promotion Details and How to Qualify
To be eligible for the OneBid Broker $30 Welcome Bonus, participants must meet several key conditions:

Promotion Period: The bonus is available from January 1 to December 31, 2024.
Bonus Amount: The size of the bonus is $30.
Eligibility Requirements:
Registration and Verification: Traders must register on the OneBid Broker website and complete the KYC (Know Your Customer) verification process in the Personal Area.
Open a NANO Account: You need to open a real trading account (NANO) and deposit at least $10 into the account. Importantly, you must not withdraw any funds for 30 days to remain eligible for the bonus.
Submit an Application: After fulfilling the deposit condition, traders must send an application for the Welcome Bonus to the broker’s support team. Ensure that you include your trading account number in the email.
Key Terms and Conditions
OneBid Broker has outlined several important terms for traders who wish to receive the $30 Welcome Bonus:

Once-Per-Client Offer: Each client is eligible to receive the Welcome Bonus once during the promotion period, even if they have multiple trading accounts.
Trading and Profit Withdrawal: The $30 bonus and any profits generated from it are available for trading. However, to withdraw any profits, traders must accumulate a trading turnover of 3 lots within 30 days. A lot is considered traded after both opening and closing a transaction, and only orders with a lifetime of more than 300 seconds (5 minutes) count towards the trading turnover.
Bonus Expiry: The bonus will be credited to the “Credit” column of your trading account and will be available for 30 days. After 30 days, the bonus is automatically debited from the account.
Stop Out Event: If a Stop Out occurs (forced closure of orders due to insufficient margin), the bonus is automatically debited from the trading account, bringing the negative balance to zero.
Bonus Withdrawal Conditions: The broker reserves the right to remove the bonus at any time, especially in cases where it suspects abuse of the promotion, such as multiple accounts controlled by a single trader. The bonus is intended solely to enhance trading and cannot be transferred or converted into cash without fulfilling the required conditions.
Strategic Approach to Maximizing the Welcome Bonus
To make the most of the OneBid Broker $30 Welcome Bonus, traders should consider adopting a thoughtful and disciplined approach. Here are some key strategies:

Start Small, Trade Consistently: With the minimum deposit of $10 required to qualify for the bonus, it’s essential to manage your funds wisely. Aim to place smaller, more consistent trades, especially if you are new to the platform. This approach will help you achieve the 3-lot trading turnover requirement within 30 days without over-leveraging or taking on unnecessary risk.
Focus on Longer-Term Trades: Since only trades with a lifetime of more than 300 seconds (5 minutes) count towards the turnover, consider adopting a slightly longer-term trading strategy. Avoid ultra-short-term scalping and instead look for setups that allow for trades to remain open for several minutes or even hours.
Leverage the Bonus for More Margin: Use the $30 bonus to increase your available margin. This will allow you to take slightly larger positions than your deposit alone would permit. However, remember that over-leveraging can lead to quick losses, so it’s crucial to maintain proper risk management.
Monitor Your Progress: Keep track of your trading volume regularly to ensure you’re on track to meet the 3-lot requirement. This will help you avoid any surprises as the 30-day period approaches.
Avoid Early Withdrawals: Remember that withdrawing funds within 30 days disqualifies you from receiving the bonus. Therefore, avoid making any withdrawals until you’ve met all the requirements and are eligible to withdraw your profits.
Why Choose the OneBid Broker $30 Welcome Bonus?OneBid Broker has updated the terms and conditions for its $30 Welcome Bonus, effective from October 8, 2024. This bonus provides an opportunity for new traders to start trading without an initial deposit, allowing them to experience the platform's features risk-free.

Key Updated Terms and Conditions:
Bonus Amount: $30 credited to new accounts upon successful registration.

Eligible Participants: Available only to new clients who have not previously registered with OneBid Broker.

Verification Requirement: Users must complete the account verification process, which includes identity and address proof, before receiving the bonus.

Trading Conditions:

The bonus can be used to trade across all available financial instruments offered by OneBid Broker.
Leverage and margin requirements apply as per OneBid Broker’s standard trading terms.
Withdrawal Policy:

Profits made using the bonus can be withdrawn, but traders must meet a specific trading volume requirement before initiating a withdrawal.
The minimum trading volume to qualify for withdrawal is generally set at x lots, depending on the asset class.
The bonus amount itself is non-withdrawable.
Expiry Date: The $30 bonus must be claimed and used within a specific period after activation, typically within 30 days from account registration.

Other Restrictions:

Traders from certain restricted regions may not be eligible.
Any misuse of the bonus (e.g., multiple account registrations) may lead to disqualification and cancellation of the bonus.
These updated terms provide traders with clear guidelines to benefit from the OneBid Broker's $30 Welcome Bonus, allowing them to explore the platform while also adhering to the necessary trading and withdrawal requirements.

1. No Deposit Bonus
   A no deposit bonus allows traders to start trading without making an initial deposit. The broker offers a small amount of bonus money (usually $10 to $100), allowing new traders to test the platform and trade live markets with no risk to their own capital. This bonus is ideal for beginners or those wanting to explore a broker's services. However, there are often withdrawal conditions attached, such as completing a certain trading volume.

2. Deposit Bonus
   A deposit bonus matches a percentage of the trader's initial deposit. For example, a 100% deposit bonus means if you deposit $500, the broker will add another $500 to your account, effectively doubling your trading capital. These bonuses help traders increase their margin and trading power but usually come with terms, such as minimum trading volume requirements before profits can be withdrawn.

3. Welcome Bonus
   A welcome bonus is similar to a deposit bonus but specifically aimed at new clients. It's a one-time offer given when a trader opens a new account and makes their first deposit. The percentage and amount of the bonus vary by broker, but it typically ranges from 50% to 200% of the first deposit.

4. Loyalty Bonus
   A loyalty bonus is offered to existing clients as a reward for continuous trading or long-term association with the broker. Brokers may offer cash rebates, reduced spreads, or additional trading capital based on the trader's activity and the volume they trade.

5. Cashback or Rebate Programs
   With cashback or rebate programs, traders earn back a portion of the spread or commission paid to the broker for every trade. These bonuses allow traders to reduce their overall trading costs and improve profitability. Cashback is typically credited to the trader's account either weekly or monthly.

6. Referral Bonus
   A referral bonus rewards traders for referring new clients to the broker. When the referred client registers and funds an account, the referring trader receives a bonus, which can be a fixed amount or a percentage of the new client's deposit.

7. Reload Bonus
   A reload bonus is similar to a deposit bonus but offered on subsequent deposits after the initial deposit. Traders who top up their accounts can receive extra trading capital as a percentage of the new deposit, encouraging them to continue trading with the broker.

8. Contest Bonuses
   Some brokers organize trading contests with bonus prizes. These can be demo or live account contests where participants compete for the best trading results over a set period. The winners receive cash prizes or additional trading capital as bonuses, often with minimal or no withdrawal restrictions.

9. Free Margin Bonus
   A free margin bonus provides traders with additional margin or leverage, allowing them to open larger positions. This bonus gives traders more flexibility and increases their trading potential but may also come with higher risks.

10. Seasonal or Promotional Bonuses
    Brokers occasionally offer seasonal bonuses during special events or promotions, such as holidays or anniversaries. These bonuses are temporary and often feature higher percentages or exclusive offers for new and existing traders.
    

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