One of the attractions of overseas forex trading is the abundance of bonuses. You can receive tens of thousands of yen just for opening a new account, or a 100% bonus depending on your deposit amount. However, if you misuse bonuses, in the worst case, you may end up with problems such as account freezing or being unable to withdraw funds. Therefore, this article will explain in detail how to use overseas forex bonuses and what to watch out for. If you use bonuses effectively, even beginners can easily make a profit. For the latest overseas forex bonus information, please check the latest overseas forex bonus campaign ranking. Contents 1 Types of overseas forex bonuses 1.1 Account opening bonus 1.2 Deposit bonus 1.3 Other bonuses (cashback, referral, etc.) 2 Is overseas forex trading profitable? Effective Use of Bonuses 2.1 Check the feel and execution power of a real account 2.2 Aim for a big win using the bonus as capital 2.3 Increase the number of trading lots 2.4 Increase the margin maintenance ratio to reduce stop-loss 3 Points to note when using bonuses 3.1 Bonuses expire after the expiration date 3.2 Profits earned from trading can be withdrawn, but the bonus itself cannot be withdrawn 3.3 Be careful of trading that abuses bonuses (hedging) 4 Frequently asked questions about how to use overseas FX bonuses 4.1 Q. Which overseas FX brokers are recommended for offering account opening and deposit bonuses? 4.2 Q. Why are overseas FX bonuses free to receive? 4.3 Q. Are bonuses received taxed? 5 Summary Types of Overseas FX Bonuses First of all, there are three main types of overseas FX bonuses. Each bonus has its own characteristics and points to note, so let's take a look. Account Opening Bonus An account opening bonus is a bonus that you can receive for free when you open an account and complete identity verification (KYC). Since you can receive it without making a deposit, it is also called a no-deposit bonus or no-deposit bonus. The amount of the bonus varies depending on the overseas FX broker you use, ranging from around 15,000 yen at some brokers to around 3,000 yen at others. Even if you don't have any funds on hand, you can use the bonus as capital to trade and make a profit. In addition, with an account opening bonus, you can check the spread, execution speed, and usability risk-free. Therefore, it is a bonus that those with little capital should actively take advantage of. Deposit Bonus A deposit bonus is a bonus that you receive in proportion to the amount you deposit. It is usually expressed as "Deposit %". For example, if you deposit 50,000 yen into an overseas FX account with a 100% deposit bonus, you will receive an additional 50,000 yen, which is 100% of 50,000 yen. In other words, even if your initial capital is 50,000 yen, you can trade with a total of 100,000 yen. Another feature of deposit bonuses is that they may be given not only on the first deposit but also on subsequent deposits. When choosing a broker, be sure to check whether this is the case. Many deposit bonuses include a "cushion function." Cushion function: A function that allows you to use the bonus as margin. Without a cushion function, you cannot use the bonus as margin, rendering it practically meaningless. While many overseas FX brokers offer deposit bonuses with a cushion function, some do not. When using a deposit bonus, remember to check whether or not it includes a cushion function. Other Bonuses (Cashback, Referral, etc.) The main bonuses in overseas FX are "account opening bonuses" and "no-deposit bonuses," but some also offer cashback and referral bonuses. Cashback is a bonus received based on trading volume. The return rate varies depending on the broker, but it can effectively eliminate trading fees. This is a beneficial bonus for frequent traders. Referral bonuses are earned by inviting someone to use your overseas FX broker. The rewards vary, ranging from several thousand yen per referral to the option to exchange referrals for prizes. When choosing an overseas FX broker, be sure to check for these types of bonuses as well. Is Overseas FX Profitable? Effective Use of Bonuses By using bonuses from overseas forex brokers, you can judge between good and bad brokers and make more profits. Below, we will introduce effective ways to use overseas forex bonuses. Check the feel and execution speed of a real account Demo (practice) accounts and real accounts have different server and communication environments, so there are differences in rates and execution speed. ... Continue reading Effective Use of Overseas Forex Bonuses | Tips, Points, and Precautions Explained