Don't be fooled by Christmas Bonuses

[Rambo35]

As you are well aware there are plenty of deals everywhere in the retail space and forex brokers are no exception. One thing you may have noticed is the increase in advertised Christmas bonuses which often is nothing more than
a bonus which was previously offered or a limited time bonuses between 100% and 200% with a Santa Clause hat or Christmas tree around it.

Don't be fooled or sucked into making a deposit to take advantage of this 'one-time offer' only. It is an attempt to get traders to make deposits as the general mood is festive and consumers spend a bit more in the weeks before Christmas. The terms and conditions on bonuses are often terrible and you will likely never see the positive impact of them. Trade your own money and only deposit when you feel like depositing and don't feel pressure to chase a bonus. Real traders do not rely on bonuses, they rely on their trading skills.

 

[David Train]

As you are well aware there are plenty of deals everywhere in the retail space and forex brokers are no exception. One thing you may have noticed is the increase in advertised Christmas bonuses which often is nothing more than
a bonus which was previously offered or a limited time bonuses between 100% and 200% with a Santa Clause hat or Christmas tree around it.

Don't be fooled or sucked into making a deposit to take advantage of this 'one-time offer' only. It is an attempt to get traders to make deposits as the general mood is festive and consumers spend a bit more in the weeks before Christmas. The terms and conditions on bonuses are often terrible and you will likely never see the positive impact of them. Trade your own money and only deposit when you feel like depositing and don't feel pressure to chase a bonus. Real traders do not rely on bonuses, they rely on their trading skills.

Sometimes bonuses can be good. But Yes, I agree, many brokers do this not because they want to make us a present, they want to use this situation and make even more money
When I use any bonus I always read the conditions and rules of the bonus carefully, when I have any questions about this or that I ask the customer department and after that I receive the full understending of this bonus interior.

 

[Emibluz]

Paxforex does offer such bonuses and I can see its your broker. Would you ignore the bonus that they offer? Well, I will only advice people not to open an account with a broker based on bonuses because you will fall a victim. The only exception is when the broker has proven itself tested and trusted, whether regulated or not.

 

[Rambo35]

Paxforex does offer such bonuses and I can see its your broker. Would you ignore the bonus that they offer? Well, I will only advice people not to open an account with a broker based on bonuses because you will fall a victim. The only exception is when the broker has proven itself tested and trusted, whether regulated or not.

Yes, Paxforex is my broker and they do offer bonuses but I do not accept them and neither does any other real trader. With Paxforex you have to send a request for a bonus which simply shows the broker who a real trader is and who is not.

I trade with Paxforex because their tight spreads and liquidity which means I can actually get my orders filled at those low spreads. I never advice anyone to accept a bonus regardless if they offer it or not. Real traders trade their own money.

 

[lee.belisar]

There are cases that Christmas bonuses offered by some brokers are good. One good example is Gdmfx, which is giving a special 30% credit bonus to a new deposit as they welcome the brand new year. It is a way of showing their appreciation to new and present clients. But of course, you have to read and understand first the rules and limitations of the said bonus. I mean there are some restrictions and conditions of course.

 

[titanium]

Christmas bonuses should be a good oportunity. But you guys are making me have a second thought about it.

 

[Rambo35]

Christmas bonuses should be a good oportunity. But you guys are making me have a second thought about it.

Good, glad you stopped to think for a second. Real traders do not trade with bonuses, but if you insist make sure you read the terms and conditions carefully!