bax699 posted: Bonus brokers are a joke. They just create silly rules to keep you ploughing money into their system
I totally disagree. Look at XM. Their bonus allows you to use it as if it's your capital. It's a good bonus if you know what you are doing. Don't generalise because not all brokers are the same. On my personal note, FBS bonus is BS. You have to find the best ones. You have to understand how the bonuses works and how you can take advantage of it.
We can earn lot of money in short period of time in trading only if we are skilled enough. But if you think I will make my account double or triple in weeks or months, you are having a gambling mindset. Your destruction is just a matter of time.
The regulated broker can be great to lead a secure and flexible trading life with certainly. But sometimes they don’t allow many kinds of trading techniques in particularly scalping that bring profit in a short time and this is a most usable trading policy in Fx trading.
Same here, I would trade with a regulated broker that has tighter spreads and lower commission like FP Markets instead of a broker that says they offer good bonuses and later bombard us with criteria to meet the bonus offer.
Daniel993 posted: Same here, I would trade with a regulated broker that has tighter spreads and lower commission like FP Markets instead of a broker that says they offer good bonuses and later bombard us with criteria to meet the bonus offer.
A regulated broker is very important to survive in this risky market.
I’ve read so many complaints from people trying to withdraw the funds they made with bonus money. People don’t read the terms & conditions most of the time for these sorts of things so it seems like a really good offer at first but usually is a lot more difficult to withdraw and everything. I do think there are legit brokers with good bonuses out there, but always avoid the too good to be true schemes. Bonuses are also a distraction for crappy brokers so that you don’t notice that they have bad terms. It’s easy to say that you want to open an account with a broker that has a bonus but in the end you’d probably do better with a no bonus broker that has lower costs.
The vast majority of brokers offer bonus system, because it stimulates traders to deposit money. In my opinion, such system isn't perfect but it of course depends on the broker. Not every broker offers clear system of bonuses, because some brokers make it confusing in order to confuse traders. Fortunately, there are not many brokers which offer such bonus system. The majority of them provides with clear system which really can be helpful sometimes. You have to learn the details of this system in order to understand how you can operate with it.
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