Bonus and Brokers

May 24, 2019 at 09:22
3,966 Views
79 Replies
Member Since Apr 15, 2020   83 posts
Apr 24, 2020 at 06:21
I really liked the last bonuses of the Amarkets broker for replenishment for 500 bucks, I received a similar amount.
Member Since Aug 11, 2017   886 posts
Apr 25, 2020 at 19:09
In this market place each the trader has a choice of the broker to be used , should the trader can choose a broker that is more appropriate to the concept of trading that will be used , we the traders who are particularly scalpers have to choose the broker that allows trading concept such as this. Basically in spite of a profitable trading policy scalping cannot use in a trading platform due to many restrictions.
Member Since May 15, 2020   8 posts
Jul 09, 2020 at 06:07
Can you mention some of the brokers that give good amount of bonuses. Please?
Member Since Jan 11, 2019   147 posts
Jul 09, 2020 at 08:19
I think taking bonus involves more risk as with many brokers we can only trade with bonus. We cannot withdraw the bonus and we risk our capital more in that case by trading more with the help pg bonus.
Member Since May 13, 2020   128 posts
Jul 15, 2020 at 09:03
Amarkets broker has quite good and big bonuses.
Member Since Feb 22, 2011   4862 posts
Jul 15, 2020 at 14:10
I have never seen bonus worth it. Forget about the bonus and focus on broker's
reputation
spreads
regulation
execution
deposit/withdrawals
support
Member Since Jun 24, 2020   14 posts
Jul 17, 2020 at 06:42
Firstly the Forex brokers who actually promise good bonuses are very rare.Amarkets, Coinexx or Tickmill got good bonuses. It's a good idea to consider other important factors as well like Fees, Trading Platform and excellent customer service.
Member Since Oct 23, 2014   83 posts
Jul 17, 2020 at 07:42
tickmill. $30 free cash when you are a new customer to trade.all profits can be withdrawn.i used it years ago with news ea.i have withdrawn cash before it takes hours;no problems.they now offer rebates on trades as well.not as good as paybackfx.
Member Since Apr 18, 2019   30 posts
Jul 19, 2020 at 09:19
I have noticed that there are quite a number of brokers that claim to offer bonuses to traders but I have never been sure of this because I do not trust such brokers. Form what I know, bonuses are a way of attracting people to them. If you get a good broker then you can enjoy the bonus but you cannot withdraw it.
Member Since Feb 07, 2020   41 posts
Jul 22, 2020 at 09:27
Before choosing a bonus with a broker, we all must see what are there terms and conditions are as the bonus is good for trading. If you are opting for a bonus, must check what you can get out of that bonus, what amount of leverage we get with that bonus, does it increase our marginal capacity, is it tradable or not and what is the effect of the bonus on your deposit. Must take care of these things before opting for bonus.
Member Since Jun 26, 2020   327 posts
Jul 24, 2020 at 10:33
actually bonus practically cant be used due to having so many restrictions ,
 its a very common problem i have seen in Fx trading.
Member Since Aug 11, 2017   886 posts
Jul 24, 2020 at 10:46
most of the new Forex trader first of all looking for a large amount of welcome bonus when choosing a broker , its a wrong decision , because i have seen due to restrictions these kind of bonuses cant be used at all.
Member Since Apr 18, 2017   718 posts
Jul 24, 2020 at 20:01
bonus is good , but its not a big deal , newcomers always think bonus can play a major role in trading life , but it practical situation totally different , this kind of bonus not works really.
Member Since Jun 08, 2020   44 posts
Aug 04, 2020 at 11:50
I trade with FP Markets, they offer no Bonus, but spreads and commission cost are lower when compared with other similar brokers.

I trade with brokers that do not offer bonuses because its just a marketing trick to lure in traders and scam them, which is why i trade with FP Markets.
Member Since Feb 25, 2020   3 posts
Aug 05, 2020 at 11:43
As far as I know that bonuses from brokers are needed in order to just lure people to them.
Member Since Aug 20, 2009   266 posts
Aug 05, 2020 at 12:17
Ebin posted:
I trade with FP Markets, they offer no Bonus, but spreads and commission cost are lower when compared with other similar brokers.

I trade with brokers that do not offer bonuses because its just a marketing trick to lure in traders and scam them, which is why i trade with FP Markets.

A somewhat over cynical view. The reality is not that bad. Bonuses are a marketing tool for sure. A broker is a business after all and of course they use things like bonuses to lure people. It's no different to any other form of marketing.

The problem with bonuses are two fold :-

1. It is hardly ever possible to trade the volumes required to withdraw the bonus, especially for newbies.
2. Most traders don't read the terms and conditions and they end up claiming the broker is a scam because they did not understand that the bonus is not free money.

I think both the Australians & ESMA have prohibited bonus, so you will often find bonuses being offered by the offshore 'less regulated' brokers. Now whilst that is indeed the turf of several scam brokers, that does not mean the a broker that offers a bonus is a scam. There are some good brokers like FBS, Hotforex that offer bonuses. I personally never get involved with bonuses but their existence doesn't automatically spell scam.
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Member Since Jul 27, 2020   81 posts
Aug 06, 2020 at 09:03
I cannot say that bonuses affect the choice of a broker, but when they are there and still good, of course, this is a positive moment.
Member Since Mar 18, 2019   98 posts
Aug 06, 2020 at 13:02
compuforexpamm posted:
Ebin posted:
I trade with FP Markets, they offer no Bonus, but spreads and commission cost are lower when compared with other similar brokers.

I trade with brokers that do not offer bonuses because its just a marketing trick to lure in traders and scam them, which is why i trade with FP Markets.

A somewhat over cynical view. The reality is not that bad. Bonuses are a marketing tool for sure. A broker is a business after all and of course they use things like bonuses to lure people. It's no different to any other form of marketing.

The problem with bonuses are two fold :-

1. It is hardly ever possible to trade the volumes required to withdraw the bonus, especially for newbies.
2. Most traders don't read the terms and conditions and they end up claiming the broker is a scam because they did not understand that the bonus is not free money.

I think both the Australians & ESMA have prohibited bonus, so you will often find bonuses being offered by the offshore 'less regulated' brokers. Now whilst that is indeed the turf of several scam brokers, that does not mean the a broker that offers a bonus is a scam. There are some good brokers like FBS, Hotforex that offer bonuses. I personally never get involved with bonuses but their existence doesn't automatically spell scam.

good points here.
Member Since Jul 19, 2020   34 posts
Aug 14, 2020 at 11:55
Choosing the right broker is the most difficult job in this market. You can research about the brokers from different websites that provide broker reviews, forums, webinars, etc.
Member Since Aug 20, 2009   266 posts
Aug 14, 2020 at 13:55
CirillaCosta posted:
Choosing the right broker is the most difficult job in this market. You can research about the brokers from different websites that provide broker reviews, forums, webinars, etc.

Actually be very careful where you take your recommendations from. There are many 'review' sites that are simply undercover Introducing Brokers. They provide what looks like an objective review and/or analysis but actually don't care which broker you choose because they get paid by all of them.

You also need to take a lot of reviews with a pinch of salt. If you see enough of complaints you will understand that forex has a bigger share of idiots than most places. Unfortunately these idiots tend to be quite vocal and shout down a lot of the good brokers. I mean literally calling a broker a scam because he has lost track of his $60 credit card refund.
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