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.
You are right, before using any bonus offer we have to read the details about terms and conditions of that particular bonus offer! By the way, usually market maker brokers offer big bonus to get new clients!
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 :)
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.
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.
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.
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!
@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.