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16 Comments
Why do forex brokers hand out deposit bonuses?
Reply DeletePersonally I disagree that any broker that offers bonuses is bad.Giving out bonuses to traders is just another way of advertising or attracting traders.Every broker advertises.Some even sponsor football clubs in Europe for that matter. You can imagine the cash involved in doing promotions.I think where problems come up is when traders are carried away by the huge magnitude of the bonus and ignored the strong terms and strict conditions that apply.
Always read and understand the terms and conditions, and if you think that you are not comfortable with the conditions then ignore the bonus immediately. I found that it is easier to ignore a bonus than to opt out.
Why some brokers do not promote any kind of bonuses, there are tons of good brokers that promote fabulous bonuses.Therefore, I think the argument that bad brokers are the ones that offer bonuses cannot be generalised.
Bosun
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