Bonus and Brokers

May 24, 2019 at 09:22
Vistas 3,927
79 Replies
Miembro desde Aug 11, 2017   posts 886
May 24, 2019 at 09:22
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.
Miembro desde Aug 09, 2017   posts 785
May 24, 2019 at 09:57
before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.
Miembro desde Oct 20, 2018   posts 300
May 25, 2019 at 16:37
Bonuses are just a catchy point to recruit more users and nothing more. No real money no nothing. Always must avoid bonus brokers.
momchil_slavov@
Miembro desde May 24, 2019   posts 10
May 26, 2019 at 06:48
Try demo first then small account. Best way I think. Even after using broker for few months on small account do not rush in with huge money. Some broker will let you have small wins but not big ones
Miembro desde Jan 23, 2018   posts 43
May 27, 2019 at 06:31
Bonus is a double edge sword. it serve as a leverage. However, it does not protect your account when draw down or margin call happens. If you have a 1:1000 leverage micro account, with 100% bonus. you are actually having 1:2000 account theoretically.

You certainly can withdraw those bonus if you met the criteria stated in the term and condition. The broker that i am dealing with, allow you to withdraw your bonus for USD100, you required to perform 50 lot of round trades. it is not impossible to withdraw the bonus, but extremely hard. Broker wanted to cover the bonus offered to you from the spread or commission charged from you.

Trader should have an individual spreadsheet to record trades that exclude bonus, in order to monitor the actual draw down and manage risk accordingly. However if traders having misconception and assume the bonus is already their money in trading account, that is when the danger come into picture.
I try not to burn my account
Miembro desde May 27, 2019   posts 11
May 27, 2019 at 07:58
ManUnitedBest posted:
Try demo first then small account. Best way I think. Even after using broker for few months on small account do not rush in with huge money. Some broker will let you have small wins but not big ones
Agreed, demo and small account is a must if you are a beginner. you get to know, what the broker is offering and whether they are worthy of big amount or not.
Miembro desde Jul 22, 2018   posts 11
May 27, 2019 at 10:38
Most bonus are not worth it. Only shady broker offer big bonus. The best broker just offer competitive spreads
Miembro desde Apr 18, 2017   posts 718
May 27, 2019 at 11:48
Diego99 posted:
ManUnitedBest posted:
Try demo first then small account. Best way I think. Even after using broker for few months on small account do not rush in with huge money. Some broker will let you have small wins but not big ones
Agreed, demo and small account is a must if you are a beginner. you get to know, what the broker is offering and whether they are worthy of big amount or not.

Sometimes, it helps! But I see, there have so many threads on against this service; I mean few brokers are providing different service and demo as well as in real account!
Miembro desde May 27, 2019   posts 11
May 28, 2019 at 11:46
AmDiab posted:
Diego99 posted:
ManUnitedBest posted:
Try demo first then small account. Best way I think. Even after using broker for few months on small account do not rush in with huge money. Some broker will let you have small wins but not big ones
Agreed, demo and small account is a must if you are a beginner. you get to know, what the broker is offering and whether they are worthy of big amount or not.

Sometimes, it helps! But I see, there have so many threads on against this service; I mean few brokers are providing different service and demo as well as in real account!
really? i haven't came across any yet. will look out in future. thanks for the heads up.
Miembro desde May 28, 2019   posts 9
May 28, 2019 at 13:40
In Europe, brokers are forbidden to offer bonuses, but under Australia not:)
Miembro desde Apr 18, 2017   posts 718
May 29, 2019 at 10:53
forex1999 posted:
In Europe, brokers are forbidden to offer bonuses, but under Australia not:)

Hi; do you like to use bonus from a broker? I see, good brokers don’t offer the bonus feature! Basically, market makers broker do so.
Miembro desde May 27, 2019   posts 11
Jun 02, 2019 at 07:26
AmDiab posted:
forex1999 posted:
In Europe, brokers are forbidden to offer bonuses, but under Australia not:)

Hi; do you like to use bonus from a broker? I see, good brokers don’t offer the bonus feature! Basically, market makers broker do so.

I beg to disagree, I have been trading with turnkey forex, they are true ECN broker and offering 100% deposit bonus plus if you deposit more than $2500, you get 30days of commission free trading.
Miembro desde Feb 08, 2019   posts 213
Jun 07, 2019 at 16:59
I only ever hear bad things about brokers who give out bonuses
apple1st
forex_trader_275100
Miembro desde Sep 17, 2015   posts 126
Jun 10, 2019 at 15:29
bonuses from devil - never take it.
Miembro desde Oct 20, 2018   posts 300
Jun 15, 2019 at 12:47
apple1st posted:
bonuses from devil - never take it.

Good point. 😇
momchil_slavov@
Miembro desde Jun 19, 2019   posts 10
Jun 20, 2019 at 05:59
Sometimes you can withdraw deposit money after you trade X amount of Lots. it is usually a high number but possible if you are scalper
Miembro desde Jun 20, 2019   posts 1
Jun 20, 2019 at 11:19
is it possible that a forex broker is giving rebates to their clientele ? if there be any lack of confidence as the agent giving out rebates ? there shouldn't be any miss judges about agent lending rebates/ cash back to their client from a specific ECN brokers . ECN brokers gain revenues through their cost spread from their client .
https://invstoc.com/brokers
Miembro desde Dec 18, 2018   posts 47
Jun 21, 2019 at 10:53
Forex bonus is interesting things! Newbie want it first! If you look some [url=https://www.forexvolumes.com/forex-no-deposit-bonus]free forex bonus[/url] you will see, how much interest that they offer like $500 $1000 even $1500!!! But the bonus is not always bad! Cause it also helps novice to entire live trading market. The beginners should understand live trading and test their strategy. So you don't avoid it completely.
Miembro desde Apr 18, 2017   posts 718
Jun 23, 2019 at 06:09
forex1999 posted:
In Europe, brokers are forbidden to offer bonuses, but under Australia not:)

Yes, it is! Even, as you know high leverage isn’t available right now! Maybe it’s tough situation of the retail traders but overall; it’s good because of fair trading environment.
Miembro desde Jan 12, 2020   posts 17
Apr 23, 2020 at 18:28
Yes, from my experience when someone offering me a bonus I am always simply refuse, I have experienced these in traffic companies, I mean internet marketing, it's a cool sign that their traffic is complete shit, probably it's sort of a sign for broker as well.
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