Casinos and bookies offer free bets and spins too. Check the T&Cs though and they specifically state they aren't for making money with. It's just a lure to get you in and using real money with them. Broker bonuses are much the same.
If you can't spot the liquidity then you are the liquidity.
Not all brokers offer bonuses. Generally speaking, dividends can only bear losses and cannot be withdrawn. The profitable part of the transaction can be withdrawn, and the rebate can be withdrawn at any time.
There are many good forex brokers that offer deposit bonuses but it’s better to read T&C before using it as some brokers also put restrictions on trading when you use a deposit bonus. Otherwise, a deposit bonus is a wonderful tool. I too have used it when I opened an account with Coinexx, faced no issues while trading or withdrawals.
bonus system is rather unclear to me. idk why, all the brokers I traded with provided me with the bonus system like 100% to the first deposit, but of course with dozens of 'clauses', like you have to trade a particular volume, you can't withdraw money which you have earned due to bonuses for a particular period or at all.
quite weird, but i know that many traders find bonus systems as a real miracle. well, it's their right, brokers try to attract traders with such systems actually, and professional traders less use the bonuses, because it's just a waste of time. But it's up to every traders and I can't judge a trader according to the fact whether he is trading with bonuses or not.
I avoid trading with brokers that offer bonuses because bonuses are one of the methods that scammers use to lure in traders, and bonus offers always have a catch to them that brokers do not reveal until capital is invested.
Try to select a broker by seeking advice from experts as the market is saturated with different types of brokers. There are several issues a trader needs to look for before choosing the right trading broker, including security, account types, and other facilities. So, make sure your broker incorporates all these facilities.
The main focus of every trader should be on the trading conditions of the broker, which include spreads, commission, leverage, and trade execution speed. I paid attention to these particular aspects when I finalized coinexx and lmfx as my brokers, whereas both offered a 100% deposit bonus. These things are secondary and must not influence a trader’s decision while selecting a broker.
I avoid brokers that offer bonuses because I was once scammed by one, and there are brokers that provide the bonus only when a certain criteria is met, which they do not let traders know at the beginning.
It is better to trade with properly regulated brokers like CMC, Global Prime, or FP Markets, that provide tight spreads and good trading conditions.
Briosody posted: The main focus of every trader should be on the trading conditions of the broker, which include spreads, commission, leverage, and trade execution speed. I paid attention to these particular aspects when I finalized coinexx and lmfx as my brokers, whereas both offered a 100% deposit bonus. These things are secondary and must not influence a trader’s decision while selecting a broker.
this is a good reply really , got some fine information
I do not use brokers that offer bonuses because brokers that offer bonuses are mostly scammers or have a catch to the offer at a later stage. I recommend trading with higher regulated entities such as ASIC or FAC brokers like CMC or FP markets.
ElijahM posted: I avoid trading with brokers that offer bonuses because bonuses are one of the methods that scammers use to lure in traders, and bonus offers always have a catch to them that brokers do not reveal until capital is invested.
This is so true. I also feel like a good bonus is there to get you to look the other way from unfavorable terms. Everyone wants to get that bonus money but what does it really matter if the broker charges high fees on everything else? Even if you manage to meet their terms & conditions you just funnel that money back into the broker + more when you could have traded with a more cost efficient broker in the first place.
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