Bonus and broker
Dec 15, 2019 at 09:10
In Fx trading the bonuses we get from our trading brokers practically cannot use in a proper way due to many restrictions. So, we have to choose the regulated trading broker, otherwise it is useless to have 100-200% bonuses which cannot use in a proper way due to many restrictions.
forex_trader_571729
Member Since Oct 25, 2018
1 posts
Dec 15, 2019 at 15:34
30
Dec 17, 2019 at 19:29
You need to understand right away that bonuses are usually not real, but virtual money, which may be able to secure your capital. But this is not accurate. In addition, as far as I know, many brokers block the withdrawal with a bonus, because it needs to be processed and usually in a multiple amount. That is, you just can not manage your money and stop working with the broker, if you do not like it. So even if you decide to use the bonus, be sure to gather as much information as possible so that you do not find yourself in a hopeless or unpleasant situation.
Member Since Jan 05, 2016
1189 posts
Dec 17, 2019 at 22:43
Sign up bonuses are typically problematic. Often times there are additional trade rules applied to your account, and the profits from the bonuses are not always able to be withdrawn until you've made a considerable number of trades within a very limited time. And the fine print in the trading contract will typically have a clause which states they can remove the bonus at any time at their discretion without notice, or something very similar.
Brokers aren't stupid, they know inexperienced traders will probably act like it's free money, and then quickly blow their accounts. :)
General rule: NEVER TAKE A SIGN UP BONUS
Use effective risk management and invest wisely.
Brokers aren't stupid, they know inexperienced traders will probably act like it's free money, and then quickly blow their accounts. :)
General rule: NEVER TAKE A SIGN UP BONUS
Use effective risk management and invest wisely.
If it looks too good to be true, it's probably a scam! Let the buyer beware.
forex_trader_688163
Member Since Feb 28, 2019
140 posts
Dec 18, 2019 at 04:49
My advice, do not take any bonus. Just deposit sum of money that you can afford and trade with wise money management.
Member Since Mar 18, 2019
98 posts
Dec 20, 2019 at 14:13
Treeny posted:
Bonuses are a bad idea. Don't do it....
Speaking fromexperiecne of making huge losses, avoid deposit bonus brokers. its impossible to withdraw the profit in 99.9 percent of brokers cases
Member Since Dec 14, 2019
9 posts
Dec 24, 2019 at 11:13
Bonuses are available only in certain countries (outside EU). There is a good reason why they are not available in the EU. If a broker offers a deposit bonus, it has to be turned over so many times that most people can't do it and when they ask for a withdrawal, the broker tells them that they can't withdraw any money.
Member Since Dec 18, 2019
38 posts
Dec 25, 2019 at 17:00
I personally hate or will not trade accounts with bonus.
Trender
Dec 27, 2019 at 08:06
Agree with all, I personally don’t take sign up bonus as it has lots of restrictions but I did try one offer called “Free Trades for 30 days” from turnkey forex. Saved all the commissions 1 month, tbh, I pushed more trades than expected in this period but it’s very good offer. It’s not for newbie nor for small traders since the minimum amount for this offer is $2500
Jan 04, 2020 at 10:47
Really, usually bonuses have a lot of restrictions, but such restrictions in good brokertage companies are applied only to bonus ammount, not for the trading account as a whole, so I don't see nothing bad if trader applies for account with bonus. Bonuses, as well as other loyalty programms (cashbacks, etc.) are the way how brokers attract clients and they're beneficial for both trader and broker. So that's bad idea to refuse bonuses, as that's the kind of free money, even with some restrictions.
Jan 04, 2020 at 11:51
Before trading with any broker of your choice it's better to fully understand the broker you are about to work with, their costs in terms of Spreads and Commissions as well as minimum deposit and withdraw as well as the time period processed for each financial activity you will be doing i.e. depositing and withdrawing. Happy trading in 2020. From Tanzania with love.
Financial Freedom through foreign exchange market is an obsession.
Member Since Aug 27, 2017
994 posts
Jan 04, 2020 at 19:56
Basically, during 2012-13 bonus program was so popular but nowadays; traders are very smart; they don’t need bonus. They just need a fair trading environment!
keeping patience.......
Jan 05, 2020 at 10:41
If a trader is not profitable then they will inevitably lose all of their bonus money along with any future deposits. So the obvious thing to do is get profitable first and then trade live. If you do that you will never need a bonus anyway....
Member Since Mar 18, 2019
98 posts
Jan 15, 2020 at 13:24
Oghmage posted:
Really, usually bonuses have a lot of restrictions, but such restrictions in good brokertage companies are applied only to bonus ammount, not for the trading account as a whole, so I don't see nothing bad if trader applies for account with bonus. Bonuses, as well as other loyalty programms (cashbacks, etc.) are the way how brokers attract clients and they're beneficial for both trader and broker. So that's bad idea to refuse bonuses, as that's the kind of free money, even with some restrictions.
i agree, noone i know has ever withdrawn a bonus lol, they make the trading requirements to do so, almost impossible, for this very reason.
Jan 15, 2020 at 19:04
Sign up bonuses usually have stipulations which doesn't allow for the bonuses to be withdrawn and strict trading limits which puts your investment capital at risk.
Don't take sign up bonuses.
Don't take sign up bonuses.
If you want to be profitable, make profitable trades.
Jan 19, 2020 at 13:25
I would definitely give up bonuses and other offers that sound nice, but in fact in the future impose you something that is profitable for the broker. But about the test with a small amount - it's quite reasonable, why risk a lot of money if you can try, look around and in the end not to worry about losing this amount if something goes wrong, because for you it's not a big loss, it's more expenses.
Member Since Jul 20, 2020
232 posts
Dec 09, 2020 at 08:24
Every trader should be careful at the time of choosing a broker. They should choose a regulated broker to secure their investment.
Member Since Nov 17, 2020
19 posts
Jan 01, 2021 at 13:10
I don’t personally favour the bonuses because I feel that it is just a business tactic to attract traders, no matter how good or bad the platform is.
