before choosing a broker its more appropriate
to trade with a small account to see the real performance of any broker.
to trade with a small account to see the real performance of any broker.
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.
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.
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!
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....
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.
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i agree, noone i know has ever withdrawn a bonus lol, they make the trading requirements to do so, almost impossible, for this very reason.
Sign up bonuses usually have stipulations which doesn't allow for the bonuses to be withdrawn and strict trading limits which puts your investment capital at risk.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.
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.
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.
