Ummm, Robert, your calculations of how often you'll have to trade the bonus in order to be able to withdraw it are incorrect (you forgot to include leverage) ... but at least making a new post for each 'calculation' helped your post count.
Personally I would never do business with a broker who offers any kind of deposit bonus.
A good broker doesn't need tactics like those to lure new customers.
The idea behind offering a bonus is to make people overtrade, so that they will lose not only the bonus money, but their initial (and maybe subsequent) deposits as well.
Cheers,
P.
I will have to strongly disagree. A broker has no use for a client who loses an account and can't trade anymore. The more you trade, the better for them so they do not want you to lose your capital.
Yes, of course more trades are better for brokers ... but there are enough new traders getting into forex every day to keep up the flow.
In addition, that's what brokers have invented deposit boni for: so once the initial deposit is gone, they entice people to make another deposit, with another bonus.
Everybody has to decide for him/herself ... that's why I wrote 'Personally I'd never to business with a broker who offers boni'.
Cheers,
P.
The idea behind offering a bonus is to make people overtrade, so that they will lose not only the bonus money, but their initial (and maybe subsequent) deposits as well.
I wonder some brokers are offering big bonus money 50-100%, so if trader can use it as a good money to trade high leverage and take more profit. Is there any thing bad for broker?
There are many Forex brokers that tempt new traders with large bonuses but did you ever think for just one moment if you could really withdraw it? Please give post your FX broker (if they offer a trading bonus) and how much trading volume you need to make and in what time frame it needs to be done in order to claim the 'free' money? Please do not post unregulated FX brokers as even if they offer you a 600% bonus you are unlikely to be able to withdraw along with your real investment lol Please do not post links to your FX brokers to keep the admin happy
You could be wrong as regards your discriminatory perspective of unregulated broker. In true words, am not obsessed with unregulated brokers but I know a friend who works with them, they offered bonuses like the no deposit, cashbacks and rebates which so far he has withdrawn. He trades with AGEA.While unregulated, AGEA strives to adhere as strictly as possible to the standard laid out in MiFID. It seems that the no deposit bonus at AGEA is very easy to withdraw as long as you present the necessary documents and a number of people have reported that they have successfully withdrawn their bonus and profits made from the bonus. Try wash yourself off this bias with due researches.There are many Forex brokers that tempt new traders with large bonuses but did you ever think for just one moment if you could really withdraw it? Please give post your FX broker (if they offer a trading bonus) and how much trading volume you need to make and in what time frame it needs to be done in order to claim the 'free' money? Please do not post unregulated FX brokers as even if they offer you a 600% bonus you are unlikely to be able to withdraw along with your real investment lol Please do not post links to your FX brokers to keep the admin happy