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.