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Bonus Factor
Nov 10, 2017 at 11:04
996 Views
18 Replies
Nov 10, 2017 at 11:04
Basically the bonuses we get from our trading brokers practically cannot use at all due to many restrictions. we have to make sure first of all to take any kinds of bonuses from only real regulated trading brokers , otherwise that’s not possible at all to use any bonus offer because of margin stop outs.
Member Since Nov 21, 2011
1601 posts
Nov 10, 2017 at 11:06
Brokers with bonuses are simply dodgy.
Member Since Dec 11, 2015
1462 posts
Nov 14, 2017 at 15:09
Bonuses can be good for training purposes, since you're not trading with your own money but you are trading with real money. Apart from that, however, I'd rather not use them.
Nov 15, 2017 at 15:19
I believe the bonuses are just a marketing trick used by market makers in order to attract new or already existing clients. Also, some brokers have specific clauses that makes the bonuses useless - for example if you loose your funds, they simply deduct their bonus and some others :)
Member Since Aug 06, 2012
1 posts
May 21, 2018 at 07:02
A no deposit forex bonus helps a new trader to trade a live trading. We know psychology is the most important factor that we can't control in forex trading. For a newbie, starting forex with bonus a great way to see his psychology how it works for him/her. I will recommend people to take no deposit forex bonus as much as possible until you control your psychology. For all type of forex bonus i found this website (https://forexwithbonus.com/) helpful.
May 23, 2018 at 14:44
I also do think that brokers that offer bonuses are dodgy not legitimate . I wouldn't confide my funds in a broker that is not focused on offering good trading conditions , but only trying to attract clients as we are on the marketplace. So for me, offering bonuses is not a key factor for choosing a broker at all.
Accept the loss as experience
Member Since Aug 27, 2017
875 posts
May 24, 2018 at 05:57
TiffanyK posted:
I also do think that brokers that offer bonuses are dodgy not legitimate . I wouldn't confide my funds in a broker that is not focused on offering good trading conditions , but only trying to attract clients as we are on the marketplace. So for me, offering bonuses is not a key factor for choosing a broker at all.
Appreciate your opinion, really bonus is not any key factor, never & ever.
keeping patience.......
May 29, 2018 at 06:12
From my experience, I can say that some Forex brokers give free welcome bonus to get acquainted with their own platform. Note that, a no deposit Forex bonus helps a new trader to test the live trading experience. Before making a deposit, a welcome bonus is absolutely a great option for a newbie. Yes, all Forex bonuses are not legitimate. I have read many forex bonus blogs and i found the Forex bonus club (https://forexbonusclub.com/) mentioned the verified broker bonuses on their blog. Cheers!
Member Since May 13, 2018
7 posts
May 29, 2018 at 10:04
Bonus should not be the main consideration when opening an account with a broker. regulation, spreads and platform are all way more important
May 31, 2018 at 06:10
@Faruk ahmed , I'm getting your point, but usually the Demo account is the tool that is meant to test real market conditions. The Demo account shall simulate the Real market conditions at 100% if the Broker has the needed technical high-end set up.
Accept the loss as experience
Member Since Aug 27, 2017
875 posts
Jul 10, 2018 at 11:18
PinkPanther2000 posted:
Bonus should not be the main consideration when opening an account with a broker. regulation, spreads and platform are all way more important
Exactly, even I see market maker brokers mainly offer unrealistic bonus like 200%-300% and so on.
keeping patience.......
Member Since Aug 27, 2017
875 posts
Aug 05, 2018 at 06:09
TiffanyK posted:
My point as well - I would understand if some broker is offering bonuses or some attracting stuff , however 200% - 300% is speaking out loud - I am an MarketMaking broker.
Thanks mare, for added your words! By the way, new traders shouldn’t take their broker only based on the bonus feature.
keeping patience.......
Aug 08, 2018 at 13:37
Adribaasmet posted:TiffanyK posted:
My point as well - I would understand if some broker is offering bonuses or some attracting stuff , however 200% - 300% is speaking out loud - I am an MarketMaking broker.
Thanks mare, for added your words! By the way, new traders shouldn’t take their broker only based on the bonus feature.
Agree with you, there are lot of factors which should be considered while choosing a broker, don't fall just for bonus.
Aug 09, 2018 at 13:53
Have you ever heard they saying - No such thing as a free lunch?
If a broker gives you "free" money as a bonus this should tell you 3 things:
1. It's a Market Maker (bucket shop)
2. They want you to overtrade and lose your money.
3. They do not want you to withdraw your money.
If a broker gives you "free" money as a bonus this should tell you 3 things:
1. It's a Market Maker (bucket shop)
2. They want you to overtrade and lose your money.
3. They do not want you to withdraw your money.
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