I'd to disscuss brokers that offer bonuses to your account when you deposit it. Is it good and reliable? Describe, please, situations and conditions of bonuses from your own experience.
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DislikedI'd to disscuss brokers that offer bonuses to your account when you deposit it. Is it good and reliable? Describe, please, situations and conditions of bonuses from your own experience.Ignored
DislikedHow can br0ker offer bonuses, I don't get it. I've been with futures br0kers for year, and they never do that, but in FX it's the other way around? Giving bonuses probably means that the br0ker plays against you and it wants you to loose money. Is it so?Ignored
DislikedNot necessarily, they give you a percentage bonus up to a certain maximum, but you can only withdraw it if you turn over x amount of lots on your account. So basically it can be worked out to be like 0.1 pip rebate or something like that per trade. You can only lose the bonus to the market after you have already lost all of your own capital, so for example, if you deposit 10K, and they give you 1K, and you lose 10K trading, then the brøker hasn't lost anything at that stage, you won't be able to withdraw that 1K, if you go ahead and lose that 1K...Ignored
DislikedI also don't see any dangerous situations when broker offers you bonuses. As far as I know there are bonuses that you can even withdraw from your account. Other bonuses on the contrary you can't withdraw.And which bonuses are better?What do you think?Ignored
DislikedI don't think there are any brøkers offering a bonus that you can withdraw straight away, otherwise you could simply open an account, and withdraw the bonus straight away.Ignored
DislikedI am pro bonuses, pro any stuff you can get for free. However, one has to understand where is the money coming from to pay these bonuses. Ultimately br0kers have to make money, they have to earn back this bonuses. Most likely they have to give you a lot of requotes, freezes, wide spread, etc (or f.ck you up), which will ultimately make it impossible for you to make money from trading.
So if I see an offer for 50% bonuses, I most certainly don't go with this, unless there could be ways to exploit this as Rooicol mentioned.
I try to choose br0kers...Ignored