Bonus and Brokers

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.

before choosing a broker its more appropriate to trade with a small account to see the real performance of any broker.

Bonuses are just a catchy point to recruit more users and nothing more. No real money no nothing. Always must avoid bonus brokers.

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

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.

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.

Most bonus are not worth it. Only shady broker offer big bonus. The best broker just offer competitive spreads

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!

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.

In Europe, brokers are forbidden to offer bonuses, but under Australia not:)

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.

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.

I only ever hear bad things about brokers who give out bonuses

bonuses from devil - never take it.

apple1st posted:
bonuses from devil - never take it.

Good point. 😇

Some brokers offer good bonuses. Yes these bonuses only increase your margin. You cant withdraw it. But for many people it is opportunity to get more profit by increasing trade lot.

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

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

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.