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Author Topic: True and fake bonuses offered by brokers  (Read 24693 times)

Offline Eliza Abrams

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Re: True and fake bonuses offered by brokers
« Reply #30 on: December 09, 2016, 11:26:29 AM »
Soon bonuses will be banned in many parts of Europe, at least. Both the British FCA and the Cypriot CySEC financial regulators have issued statements that they are banning trading bonuses and newbie account bonuses. (https://smnweekly.com/2016/12/06/uks-fca-bans-trading-bonuses-sets-leverage-cap-of-150-on-cfds/) Who knows what other regulators will follow suit.

Offline drunkfx

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Re: True and fake bonuses offered by brokers
« Reply #31 on: December 12, 2016, 09:05:07 PM »
Anybody used bonuses from Hotforex? Is it safe to use bonuses for news trading or better to stay away from them?

Offline Adam Milne

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Re: True and fake bonuses offered by brokers
« Reply #32 on: March 13, 2017, 01:38:01 PM »
The bonus offer we get from our trading brokers practically cannot use at all due to many restrictions. but if we can make sure the regulated broker it would be better , otherwise it is useless to have 100-200% bonuses which cannot use at all due to margin stop outs.

Offline Antje Wagner

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Re: True and fake bonuses offered by brokers
« Reply #33 on: March 13, 2017, 04:07:07 PM »
Anybody used bonuses from Hotforex? Is it safe to use bonuses for news trading or better to stay away from them?

carefully read the Bonus T/C before using it. not only with Hotforex, but with all brokers who still offer a Bonus.

Offline Peter Nevill

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Re: True and fake bonuses offered by brokers
« Reply #34 on: March 13, 2017, 07:32:27 PM »
I am not willing to use at any kinds of bonus offer because all are disgusting and fake,    but the brokers who are credible for all time ensure best trading environment for using any trading bonus offer by means of comfortable trading spreads as well minimum margin requirements.

Offline forextraderr

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Re: True and fake bonuses offered by brokers
« Reply #35 on: August 11, 2017, 09:09:55 AM »
I don't believe in brokers giving away bonuses because you are not able to withdraw it. You are only able to withdraw your profit and never the bonus that comes when you sign up. Isn't that a scam?

Offline norman

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Re: True and fake bonuses offered by brokers
« Reply #36 on: September 08, 2017, 02:07:42 PM »
Bonuses are not a scam and some companies allow you to withdrow bonuses if perform their conditions.

Offline Paul.Trafford

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Re: True and fake bonuses offered by brokers
« Reply #37 on: September 19, 2017, 10:52:44 AM »
The way I understand bonuses and how usually they work, is that your broker is giving you some bonus that you can use for trading, but you can't withdrawal. I remember back in the time, some of the brokers would agree to drop your Stop out level, and there were the cases where you can make a lot of money. Explaning - You either open 2 accounts (with the help of friend ) on the same broker that have agreed to drop your stop out level as much as it can, or you open two accounts with 2 different brokers. From there it is a pure hedging with the accounts ( You invest 1000 $ and receive $ 500 bonus, thus you are now controlling an Equity of 1500 $, the same is the situation with the second account. Although you can only withdrawal the capital without the bonus. If you manage to loose everything in 1 trade (Stop out event lower as much as you can), then in your other account you will have aprox 3000. So you have invested 2000 (separately in two accounts) + the two bonuses of 500. Now as 500 out of the 3000 are still being considered as bonus , you cant really withdrawal them. But you can withdrawal the rest 2500, so sort of speaking you have transfer the bonus in your other account, allowing you to withdrawal it. Now again for this thing to work you have to have very low level of stoup out on both accounts. But I know people in the past who have done this.

Offline Diego

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Re: True and fake bonuses offered by brokers
« Reply #38 on: September 29, 2017, 09:00:52 AM »
There are different bonuses. Sometimes they can even be straightforward and profitable for traders. But often they have bad conditions. Traders fall for them because they don't read their conditions carefully or don't read them at all.

Offline Haffizz

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Re: True and fake bonuses offered by brokers
« Reply #39 on: September 26, 2018, 01:49:25 PM »
Hi everybody! Ive just found some interesting promotion form JustForex, but only for clients from Thailand. The broker offers to get 100% bonus on deposits from 50 USD. For example, you deposit an account with 60 dollars and get 120 dollars on your account instead.

 Here is the link REMOVED AFFILIATE LINK for more detailed information.

Hope this will be useful for you ;)

« Last Edit: September 26, 2018, 02:20:43 PM by HFT Group »

Offline vontogr

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Re: True and fake bonuses offered by brokers
« Reply #40 on: September 26, 2018, 03:23:45 PM »
I have came across some of the bonus offers from brokers and I must say that most of them are FAKE.

There are very-very few brokers that offer real trading bonus (or maybe I have not found them) and most of them try to fool the traders with their so called "trading bonus" which is not more than only a rebate if you trade a tremendous amount of lots.

In my point of view real trading bonus is that what you can use for trading, make higher gains with it and lose it if your position goes against you. Otherwise it is a complete financial suicide to open a larger lot size just because you have the "bonus" on your account.
The sad part of the story is that most of the brokers tried to convince me to take their bonus and I can open a larger lot size and make more money but when I have asked what happens when my floating loss reaches the level of my original deposit they said the bonus will be withdrawn, which means that they pull the floor out of my feet when I am in trouble.

They set impossible targets to withdraw or even to be able to use the bonus amount for trading, such as trade 1 lot for each $1-2. If you get a $1000 bonus you have to trade at least 500-1000 lots to be able to use it. If you try to do so it is 99.9% sure you will fail.

This practice should be illegal!

What do you guys think about that?

Do you use any of the available bonus schemes of any brokers?
Have you found any honest one that offers any kind of trading bonus?
Based on my experience such bonuses are always removed when you most need it so in case you are out of margin on your funds.

Offline drunkfx

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Re: True and fake bonuses offered by brokers
« Reply #41 on: September 29, 2018, 03:27:59 PM »
I have came across some of the bonus offers from brokers and I must say that most of them are FAKE.

There are very-very few brokers that offer real trading bonus (or maybe I have not found them) and most of them try to fool the traders with their so called "trading bonus" which is not more than only a rebate if you trade a tremendous amount of lots.

In my point of view real trading bonus is that what you can use for trading, make higher gains with it and lose it if your position goes against you. Otherwise it is a complete financial suicide to open a larger lot size just because you have the "bonus" on your account.
The sad part of the story is that most of the brokers tried to convince me to take their bonus and I can open a larger lot size and make more money but when I have asked what happens when my floating loss reaches the level of my original deposit they said the bonus will be withdrawn, which means that they pull the floor out of my feet when I am in trouble.

They set impossible targets to withdraw or even to be able to use the bonus amount for trading, such as trade 1 lot for each $1-2. If you get a $1000 bonus you have to trade at least 500-1000 lots to be able to use it. If you try to do so it is 99.9% sure you will fail.

This practice should be illegal!

What do you guys think about that?

Do you use any of the available bonus schemes of any brokers?
Have you found any honest one that offers any kind of trading bonus?
Based on my experience such bonuses are always removed when you most need it so in case you are out of margin on your funds.

What type of trading bonuses have you used so far? Have you tried credit bonus which increases your trading power?

Offline drunkfx

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Re: True and fake bonuses offered by brokers
« Reply #42 on: November 25, 2018, 07:26:32 AM »
Soon bonuses will be banned in many parts of Europe, at least. Both the British FCA and the Cypriot CySEC financial regulators have issued statements that they are banning trading bonuses and newbie account bonuses. (https://smnweekly.com/2016/12/06/uks-fca-bans-trading-bonuses-sets-leverage-cap-of-150-on-cfds/) Who knows what other regulators will follow suit.

What do you mean under fake bonuses? When you see discounts in the shop you also call them fake? It's all about marketing efforts and you have to understand that searching for money give-away from brokers will yield nothing or even scam place.

 

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