Well, let's talk about bonuses. Every bonus program has some note. For example, my broker propose me to get forty five percents from deposit funds as bonus. It's like deposit in bank. I have 10K and my friend gave me 4500 for a few time. I deposit it to bank, after some time I withdrawal all funds and give 4500 to my friend back. Suppose the deposit rate is 10%. So with the help of my friend I earned $450 more. And he got back his money and my thanks.Even bonuses cannot be withdrawed thus this bonuses are useful when trading. aren't they?
True! Even if your bonus is non-withdrawable. You can earn more money with bonus like this. If your broker is regulated then you have another degree of protection.it's not the same thing if you are trading with 1000, or if the bonus is 100%, to trade with 2000 eur or usd.
I totally agree with you. Some brokers offer big bonus from 50-100% but that doesn't mean they are bad broker. It's just a way they want to attract new trader, or to earn more loyal client in this competitive industry.Its Not Necessary. Some Brokers like Exness and Hotforex are giving big bonuses even you can use that bonus as extra margin and gives you power of opening bigger positions. Those Brokers are regulated and absolutely fine
And that being said it's not the brokers fault when that happens, it's the traders carelessness not reading first terms and agreements.in short actually, marketing has a big role in any company's success, bonuses is not a bad thing! and hoestly some bonuses can't be provided by weaker brokers or new ones, but the problem is some traders think of bonuses as an EXTRA MONEY which is not the case here, usually a lot of traders neglect reading the ToS before agreeing to it. I im not much of a bonus guy anyway
totally agree. moreover the broker who gives a bonus could me the good one as he can give a bonus because some of bad ones even don't know how to give it...Bonuses are part of any brokerage today, from the top guys to the new entrants..that's the fact. Every broker offers bonus or an add on, just to entice everyone to sign up. It is a marketing tool and is being used effectively. As to what the trader does with the bonus, well more often than not they tend to burn it up inside a week..
That's it, a broker offering a bonus does not mean that they are dishonest..