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Bonus and broker
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Roberto21

Member Since May 02, 2019  185 posts Roberto21 Jan 01 at 09:11
before choosing a broker its more appropriate
to trade with a small account to see the real performance of any broker.

Oghmage

Member Since Sep 26, 2019  6 posts Oghmage Jan 04 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.

255_forex

Member Since Nov 02, 2019  4 posts Emmanuel (255_forex) Jan 04 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.
Adribaasmet

Member Since Aug 27, 2017  759 posts Adribaasmet Jan 04 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!

Treeny

Member Since Feb 08, 2019  108 posts Treeny Jan 05 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....

JaniceLiu

Member Since Dec 30, 2019  14 posts JaniceLiu Jan 13 at 06:03
It's truly that you can take the extra bonus, but first of all you have to find a good reputation, reliable and huge scale which's cooperate with proper bank.

AdamCantor

Member Since Mar 18, 2019  50 posts Adam Cantor (AdamCantor) Jan 15 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.

ufotech

Member Since Jan 05, 2020  19 posts ufotech (ufotech) Jan 15 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.

If you want to be profitable, make profitable trades.
Malokelv

Member Since Apr 27, 2019  7 posts Malokelv (Malokelv) Jan 19 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.

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.