Bonus and Brokers

A good broker can save your money in this market. You should choose the best and regulated broker to trade int his risky market.

A broker is the most important element in the forex market. You can not trade in the market without a broker. You should s\choose a regulated broker if you want to make money from this market.

the best broker is a broker which always ensure security of funds with a wide range of trading technologies , and they all currencies and never cheat with their clients.

Every trader is aware that most scams happen with brokers that provide a bonus, so it's better to trade with a regulated broker with no bonuses.

I have a good list of credible bonus forex brokers you can check out: https://tradermini.com/forex-bonus-khong-can-ky-quy/

In December many broker is offering bonus like x-mas bonus,no deposit bonus or welcome bonus.

NathanJr posted:
Every trader is aware that most scams happen with brokers that provide a bonus, so it's better to trade with a regulated broker with no bonuses.

Right. Most of bonuses are non-withdrawable. So, it is kind of valueless in my opinion.

SofieAndreasen posted:
Right. Most of bonuses are non-withdrawable. So, it is kind of valueless in my opinion.

Same here! I saw many people choose brokers because of the bonuses they offer, even i was also tempted towards bonuses in the starting of my career but now i focus more on broker’s condition rather than focusing on bonus.

I have always been dicey about brokers offering bonuses. Can someone here tell me why and why not to go for brokers offering deposit bonuses?

For me, the broker Amarkets is quite profitable and safe, but I am also attracted by the availability of bonuses that they offer and which are constantly updated

I don’t usually find bonuses very good and more of a waste of time as there’s too many condition attached.

Im trading with M4Markets right now because they offer a 50% credit bonus. So basically for every deposit I make they give me 50% so I can open bigger trades with less capital.

MuhamadRazak posted:
Im trading with M4Markets right now because they offer a 50% credit bonus. So basically for every deposit I make they give me 50% so I can open bigger trades with less capital.

You cant
As at the moment you would need bonus to cover the DD it will be cancelled
The stop-out level is the amount of the bonus and the account equity cannot go under the
bonus awarded initially. For example, if your initial deposit was $1,000 and the bonus awarded
was $500, raising your account equity to $1,500, the stop-out level will be $500 if you lose.
Therefore, you will reach the initial bonus which had been credited to your account and the
bonus will be automatically removed from your account
Moreover it does not work on mt4 nor for Europe nor for China
The Promotion’s conditions:
1. Only applicable to verified clients of M4Markets trading on the MT5 trading platform.
2. Clients from China and Europe are excluded from this promotion.

It is actually good thing to read terms...

'I consider trading with brokers that do not offer any bonuses because i find those brokers that offer bonuses are most likely to be scammers that use bonus as a method to lure in traders.

 I trade with FP Markets an ASIC regulated broker that is reliable because it has been active for over 15 years and has some of the lowest spreads and commission cost.'

MuhamadRazak posted:
Im trading with M4Markets right now because they offer a 50% credit bonus. So basically for every deposit I make they give me 50% so I can open bigger trades with less capital.

Is it withdrawable? Most of the time, brokers offer non withdrawable fund.

Daniel993 posted:
I prefer trading with a regulated broker that is reliable than trading with a broker that offers a bonus. Because brokers that offer bonus are most likely to be scammers that use bonuses as a trick to lure in traders.

Have you personally had any experience of that sort ?

I don't even give brokers who offer bouses a second look. They are not casinos so why are they acting like them? They encourage poor trading practice and prey on those with low capital and in desperate positions.

sebking1986 posted:
I don't even give brokers who offer bouses a second look. They are not casinos so why are they acting like them? They encourage poor trading practice and prey on those with low capital and in desperate positions.

Brokers offering bonuses are usually scammers. Do not be fooled into a quick bonus. Get a broker that is good for the long term with good spreads and regulation

I do think there are some good bonus offers out there, but it does make me suspicious, especially if the bonus seems to good to be true. You always have to read the terms and conditions carefully, as many bonuses have terms that make withdrawing your profits difficult, you typically need to trade a high lot size or something along those lines. It also seems like many beginners rush to sign up for the broker with the best bonus, but they often overlook other conditions that are unfavorable. What's a $30 bonus really worth if your broker charges $7 per withdrawal or more, high commission, and high spreads? It cancels it out and you wind up worse off, so always be sure to check these things out thoroughly.