Bonus and broker

It is not wrong to choose a broker that offers bonuses, but before investing in it check if it is under proper regulation because this has now become one of the easiest ways for scammers to lure in traders using bonus offers.

I don’t personally favour the bonuses because I feel that it is just a business tactic to attract traders, no matter how good or bad the platform is.

Why not? So stupid to think that you should not do it. I have an account with Roboforex. They gave 60% bonus that can be used during drawdown. It only took me 1 year to fulfill the requirements and withdraw the profits. It's free money so why not take it? If you will not use the money and just let your account capital grow until you fulfill the requirements for the bonus, then go for it. It will also make you more disciplined since you are in it for the long term. FBS also has good 100% bonus. Though you cannot use it during drawdown, but the requirements are better. It's only 1/3 lots of bonus received like 1k lots for 3k dollars bonus.

I prefer trading with a broker that offers no bonus because brokers that offer bonuses are most likely to be a scammer, so I currently trade with FP Markets an ASIC and Cysec regulated broker.

FP Markets spreads start from 0pips in most major pairs, and the commission cost is pretty competitive to other ECN brokers.

Wow that's a big assumption. Do you mean that XM, the one that sponsored this site is a scam?

In addition to the good conditions, I also liked the unique Cashback program from AMarkets

At the moment, many brokers offer good bonuses, but there are also complaints that these bonuses cannot be used.

Well, I doubt if any good regulated broker provides a bonus and for me, regulation is what plays the most imp role. I’ve been trading with fxview, couldn’t avail a bonus but the trading conditions are good and regulations are strong, which is a priority.

Brokers who care about their reputation, respect their clients, always try to provide high-quality bonuses.

Malajind posted:
Brokers who care about their reputation, respect their clients, always try to provide high-quality bonuses.

High quality bonuses? What separates these HQ bonuses from the low ones?

Bonuses are always nice to receive, but the main thing is that the broker is responsible, does not give the opportunity to really use them.

Bonuses are the same whether it’s a casino or forex, the rate you can be profitable from them. Much better finding a solid broker that meets the criteria you require and earn your money through your trading skills.

First of all regulated brokers don’t give any bonus, and if a broker is ready to give you a bonus it means they are tempting you,at the same time they will put a lot of withdrawal restrictions too.

dutchy1986 posted:
Bonuses are the same whether it’s a casino or forex, the rate you can be profitable from them. Much better finding a solid broker that meets the criteria you require and earn your money through your trading skills.

That’s exactly what I tell people. One of the major benefits any trader can get by working with reliable brokers is getting access to credible, effective, and legitimate trading platforms. One wrong move and your account starts bleeding.

Another way to look at it is this. The bonus will help you reach your goal sooner if you already have a profitable strategy. As as example, XM offers 100% bonus up to 500 dollars that you can use for trading but the bonus will be removed if you withdraw some funds. Making profits of let's say 10% on 1000 is definitely bigger than 500.

I prefer trading with a broker with no bonus offer because brokers who offer bonuses are most likely scammers or unregulated.

I am currently trading with a reputable broker, FP Markets, that offer lower spreads and fast speed execution.

lauranutt posted:

dutchy1986 posted:
Bonuses are the same whether it’s a casino or forex, the rate you can be profitable from them. Much better finding a solid broker that meets the criteria you require and earn your money through your trading skills.

That’s exactly what I tell people. One of the major benefits any trader can get by working with reliable brokers is getting access to credible, effective, and legitimate trading platforms. One wrong move and your account starts bleeding.

Easier said than done mate. I’ve been struggling for months to lay hands on a good trading platform but to no avail. Any pointers to share?

Mathewshayden posted:

lauranutt posted:

dutchy1986 posted:
Bonuses are the same whether it’s a casino or forex, the rate you can be profitable from them. Much better finding a solid broker that meets the criteria you require and earn your money through your trading skills.

That’s exactly what I tell people. One of the major benefits any trader can get by working with reliable brokers is getting access to credible, effective, and legitimate trading platforms. One wrong move and your account starts bleeding.

Easier said than done mate. I’ve been struggling for months to lay hands on a good trading platform but to no avail. Any pointers to share?

Hence proved! Your dilemma means nothing else but your encounter with unreliable brokers. Long story short, when working with a broker and his platform, see whether the Forex quotes given are accurate and the user interface is easy to navigate. Did you try fxview or avatrade? The platforms these guys offer are good. Suited me but then your strategy can be different.
Also check-out whether the platforms carry technical and charting tools for analyzing the key data, and a newsfeed so that you know what’s happening in the market. Guess I covered up pretty much everything.

If you want to start forex trading as your business you have to gather all kinds of knowledge and exp[erience about the forex market. Without the proper knowledge, you can not make money from this market.