Brokers Compete: You Win - Forex Forum

FXexpert · #1 (**permalink**) 26th June 2009, 03:19

As the Forex community continues to grow at a record pace and more & more people are realizing the potential of trading Forex, brokers are using any method possible to attract new traders. With bonuses, competitions and new features, brokers are pulling out all the stops. One of newest ways to attract new business is to offer a free $25 bonus to new traders. A free $25 bonus allows you to sign up for an account without making an initial deposit and the broker deposits $25 for you, so you can start trading risk free.

Would you start trading with a broker which offers a free $25 bonus on a new account? Would that help you get started trading?

I'm looking forward to hearing everyone's opinion on this!

Pinalli · #2 (**permalink**) 2nd July 2009, 10:29

I dont think brokers will do that. Without initial deposit they wont give any bonus. Is this a promotion of a new product? Well, in my opinion its not possible as people could have a opportunity to cheat here.

Regards

Enivid · #3 (**permalink**) 2nd July 2009, 21:46

Quote:

Originally Posted by Pinalli

I dont think brokers will do that. Without initial deposit they wont give any bonus. Is this a promotion of a new product? Well, in my opinion its not possible as people could have a opportunity to cheat here.

Regards

Some brokers provide bonus without deposit. Of course, they have certain conditions that should be met before that bonus can be withdrawn.

JEAN · #4 (**permalink**) 6th July 2009, 20:30

How much are you going to do with 25??? You can’t even buy an euro!!!

What do you mean? You can’t withdraw your money? See, that is cheating.
I mean, brokers are getting competitive, but they are still a business, they are not going to lose money to get clients… you have find a client with parameters…

Pinalli · #5 (**permalink**) 14th July 2009, 07:40

Quote:

Originally Posted by Enivid

Some brokers provide bonus without deposit. Of course, they have certain conditions that should be met before that bonus can be withdrawn.

I see... thats Admin for clarification but what type of parameters are to be fulfilled to get bonus without deposit. As i think people can use this feature to make frauds.

Sofia · #6 (**permalink**) 28th July 2009, 11:24

Yea there are some broker who offer welcome bonus and restrict traders to with draw before making any tradings.

FXexpert · #7 (**permalink**) 7th August 2009, 20:54

Quote:

Originally Posted by JEAN

How much are you going to do with 25??? You can’t even buy an euro!!!

What do you mean? You can’t withdraw your money? See, that is cheating.
I mean, brokers are getting competitive, but they are still a business, they are not going to lose money to get clients… you have find a client with parameters…

That is true, and I have to say I've seen some brokers purposely create poor trading conditions so they could earn their bonus money back & much more...just a thought.

mikey109021 · #8 (**permalink**) 16th August 2009, 08:51

brokers never helped me... i m against them..!!

daniellefr · #9 (**permalink**) 2nd September 2009, 13:58

No such things as free. Even when you get a non-deposit bonus, there are enough requirements to make you unable to withdraw the money. Besides, what can you really make with free $5-$30??!

Forex is a serious business. If you are hunting for bonuses, maybe online casinos are better choice for you.

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