0 votes
by (120 points)
Can someone explain how broker deposit bonuses work and whether they are actually beneficial to traders?

1 Answer

0 votes
by (300 points)
Broker deposit bonuses are essentially credits given to traders when they deposit funds into their trading account. While it may seem like free money, it's important to understand that this bonus is not immediately withdrawable as cash. To convert the bonus into cash, traders usually have to meet certain trading volume requirements, which can be quite high. For example, a broker might require trading 100 lots to convert a $200 bonus into cash. This can be challenging, especially for traders with smaller accounts. Additionally, the bonus can affect risk management calculations if not accounted for properly. Therefore, while deposit bonuses can increase buying power through leverage, they often come with conditions that may not make them worthwhile for every trader.
by (100 points)
20% is that all?! I've just been offered 100% !
by (100 points)
Wonderful video yet again bro, thanks for being real about the bonus
Can’t wait for the weekend announcement by the way
by (100 points)
Thank you for the video Rafael. I signed up yesterday for a funded account challenge. Going to start the change next week.
by (100 points)
Nice video i really like u guy the way you direct us to any thing you discover, thanks alot and i signed in with ur link b4 i am using with exness but now i will try ur broker
by (100 points)
Can you advise me on the name of a company that offers a deposit bonus and is this a reliable company?
by (100 points)
How much does one lot cost, much less 100 of them?
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