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Bonus and broker

Dec 15, 2019 at 09:10
62 Replies
Member Since Feb 23, 2021   330 posts
Mar 18, 2021 at 11:25
We can earn lot of money in short period of time in trading only if we are skilled enough. But if you think I will make my account double or triple in weeks or months, you are having a gambling mindset. Your destruction is just a matter of time.
Member Since Aug 09, 2017   785 posts
Mar 22, 2021 at 07:19
The regulated broker can be great to lead a secure and flexible trading life with certainly. But sometimes they don’t allow many kinds of trading techniques in particularly scalping that bring profit in a short time and this is a most usable trading policy in Fx trading.
Member Since Oct 16, 2020   137 posts
Mar 30, 2021 at 11:04
GordonDenzil posted:
'I prefer trading with a broker that doesn't offer any bonus because brokers that offer bonuses are either scammers or there is a catch towards it during later stages.

I trade with an ASIC broker FP Markets, that doesn't offer any such bonus but provides lower spreads and commission cost; I suggest trade with such brokers than brokers that offer bonuses.'
True. There is always a hidden motive behind a bonus.
Member Since Jul 23, 2020   759 posts
Aug 07, 2021 at 16:35
I don’t prefer bonuses. Those are kinds of leverage.
Member Since Aug 05, 2021   401 posts
Aug 18, 2021 at 16:07
I’ve read so many complaints from people trying to withdraw the funds they made with bonus money. People don’t read the terms & conditions most of the time for these sorts of things so it seems like a really good offer at first but usually is a lot more difficult to withdraw and everything. I do think there are legit brokers with good bonuses out there, but always avoid the too good to be true schemes. Bonuses are also a distraction for crappy brokers so that you don’t notice that they have bad terms. It’s easy to say that you want to open an account with a broker that has a bonus but in the end you’d probably do better with a no bonus broker that has lower costs.
Member Since Jul 23, 2020   869 posts
Sep 08, 2021 at 22:16
I don’t prefer a bonus. It is kind of useless.
Member Since Jul 23, 2020   759 posts
Sep 08, 2021 at 22:45
Try to find out what can you do with those bonuses.
Member Since Jul 20, 2020   399 posts
Sep 10, 2021 at 07:06
LyudmilLukanov posted:
I don’t prefer a bonus. It is kind of useless.

It really is, it;s tied up in turnover requirements and it takes a very long time to actually get it out. Not worth it at all imo
Member Since Apr 02, 2020   39 posts
Sep 10, 2021 at 09:11
I avoid trading bonus offer brokers because of scams, and some brokers use it as a method to lure in new traders. I prefer trading with brokers like FP markets they do not offer any bonus.

The spreads in FP Markets are tighter, and the commission cost compared to other similar brokers are lower.
Member Since Jul 25, 2020   10 posts
Dec 02, 2021 at 15:07
The vast majority of brokers offer bonus system, because it stimulates traders to deposit money. In my opinion, such system isn't perfect but it of course depends on the broker. Not every broker offers clear system of bonuses, because some brokers make it confusing in order to confuse traders.
Fortunately, there are not many brokers which offer such bonus system. The majority of them provides with clear system which really can be helpful sometimes. You have to learn the details of this system in order to understand how you can operate with it.
Member Since Mar 30, 2022   10 posts
Mar 31, 2022 at 05:54
Many brokers currently offer bonuses and rebates
Member Since Apr 09, 2019   538 posts
Apr 01, 2022 at 12:39
Casinos and bookies offer free bets and spins too. Check the T&Cs though and they specifically state they aren't for making money with. It's just a lure to get you in and using real money with them. Broker bonuses are much the same.
If you can't spot the liquidity then you are the liquidity.
Member Since Apr 03, 2022   6 posts
Apr 03, 2022 at 13:56
Why broker offer bonus !
Member Since Mar 30, 2022   10 posts
Apr 04, 2022 at 02:26
Not all brokers offer bonuses. Generally speaking, dividends can only bear losses and cannot be withdrawn. The profitable part of the transaction can be withdrawn, and the rebate can be withdrawn at any time.
Member Since Jan 10, 2022   40 posts
May 06, 2022 at 10:34
There are many good forex brokers that offer deposit bonuses but it’s better to read T&C before using it as some brokers also put restrictions on trading when you use a deposit bonus. Otherwise, a deposit bonus is a wonderful tool. I too have used it when I opened an account with Coinexx, faced no issues while trading or withdrawals.
Member Since Oct 12, 2020   9 posts
May 26, 2022 at 10:25
bonus system is rather unclear to me. idk why, all the brokers I traded with provided me with the bonus system like 100% to the first deposit, but of course with dozens of 'clauses', like you have to trade a particular volume, you can't withdraw money which you have earned due to bonuses for a particular period or at all.

quite weird, but i know that many traders find bonus systems as a real miracle. well, it's their right, brokers try to attract traders with such systems actually, and professional traders less use the bonuses, because it's just a waste of time. But it's up to every traders and I can't judge a trader according to the fact whether he is trading with bonuses or not.
Member Since Mar 28, 2021   617 posts
Jul 07, 2022 at 12:36
Try to select a broker by seeking advice from experts as the market is saturated with different types of brokers. There are several issues a trader needs to look for before choosing the right trading broker, including security, account types, and other facilities. So, make sure your broker incorporates all these facilities.
Member Since May 31, 2021   56 posts
Jul 08, 2022 at 11:49
I prefer trading with brokers that do not provide any bonuses, especially deposit bonuses, because they are likely to be scammers or lead to withdrawal issues.

It is better to trade with low commission costs or minimum deposit brokers like XM, Skilling, and FP Markets.
Member Since May 31, 2021   56 posts
Aug 05, 2022 at 12:24
I mostly avoid trading with brokers that offer bonuses since they are mostly scammers, I prefer trading with regulated brokers such as Avatrade, CMC or FP Markets.

I trade with FP Markets for now, and they provide free VPS if maintained a certain criteria, and the execution speed is 1 ms due to their VPS.
Member Since Aug 19, 2022   44 posts
Aug 25, 2022 at 20:50
I have worked with different brokers and I want to say that the bonus should not exceed 40%.
Make money with people who know how to make money.
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