deposit bonus

[ThaddeusFinch]

Hello everyone,

I'm working with a broker that offers an attractive bonus (%50), while the bonus isn't withdrawable, it can be used for trading. I'm curious to hear your thoughts on this type of arrangement. Do you think it's a beneficial option? What are the potential pros and cons of using a non-withdrawable bonus for trading in your opinion?
Thank you

 

[Larisa]

A bonus like the one you mentioned can indeed be quite enticing 🙂 My broker offers a 40% deposit bonus, which has been beneficial for me tbh. As it allows me to open larger trades than I could. However, since the bonus increases your trading capacity, it might tempt you to overextend your positions beyond what your usual risk management strategy would allow. Balance is always the key.

 

[AriaS]

I don't trust those bonuses...

 

[ThaddeusFinch]

I don't trust those bonuses...

Yeah, you have every right to. Because most are unregulated. But don't judge every book by its cover. If I were able to find something trustworthy, you will too.

 

[Toby21]

Check out 100% deposit bonus from Fxview, HotForex or Welcome bonus ($30) from Tickmill, RoboForex. All are regulated, so you are in a good hands.