Bonus is not that much important

Bonus is not that much important however welcome bonus or no deposit bonus might be essential for new traders for their practice. Broker use this type of bonus to attract novice traders. When I started trading I also looked deposit bonus. But later I realized that deposit bonus is of no use.

I'm sure that the bonus is more psychological support than financial 😁

It may not be that much important but atleast it is better than nothing at all.

Most of the broker offer non withdrawable bonus. It is kind of useless if you have big capital or use leverage.

Bonus is just a promotional propaganda according to me. Also can brokers who are tightly regulated can offer bonus?

bonus is a promotion.if you check leverage and bonus they will be the same.

Bonus is very important to boost up your confidence as a trader.

Yes, just confidence and please don't rely on bonus funds when trading, because it's not you last shelter but only delaying the inevitable.

GeorgeBischof posted:
Bonus is very important to boost up your confidence as a trader.

How does it boost your confidence?

I'm not in favor of taking bonuses. Because if they take a bonus, they have many terms and conditions which are very troublesome for trading.

EbonyJones posted:
I am not agree with you. Bonus is very important to increase the confidence.

How does it increase confidence? Is it withdrawable or non-withdrawable fund?

LeviSievwright5 posted:
I'm not in favor of taking bonuses. Because if they take a bonus, they have many terms and conditions which are very troublesome for trading.

sometimes there are perks which comes with bonus like no margin call and stop out at 70/50 . your position closes when you blow up the account

Many brokerage firms compete for business by offering new account bonuses. Bonus shouldn't be the only consideration, this is a marketing strategy to attract customers. Choose your broker carefully as per your requirement.

I agree with you that the bonus is not an initial fact on which you should pay when choosing a broker, but nevertheless it is very pleasant to receive good bonuses that you can use. And broker Amarkets has quite a few good offers.

Bonus is secondary. Primary motive should be choosing a broker who provides good services along with great pricing.

Bonus is just a lucrative offer to tempt new traders but when it comes to withdrawal brokers put a lot of restrictions on it, and hence bonus are worth less.

UweMoench posted:

Bonus is not that much important however welcome bonus or no deposit bonus might be essential for new traders for their practice. Broker use this type of bonus to attract novice traders. When I started trading I also looked deposit bonus. But later I realized that deposit bonus is of no use.

Yeah, deposit bonuses are just clever scams imo.
The terms and conditions are usually structured in a way that will make it near impossible to withdraw.

I tried using a bonus from one broker a couple of days back and it didn’t turn out to be good. So dropped the idea of taking bonus from anywhere

Unfortunately, brokers are not very conscientious either, so you always need to make a choice carefully.