PMT Forum
How do you want to make money today?

Are Broker's Bonuses Helpful?

okpinoy · 7 · 1446

okpinoy

  • Forum Tambay 200
  • ***
    • Posts: 245
    • Likes Received: +0/-0
on: Nov 30, 2018, 06:55 AM
(Source: https://www.facebook.com/groups/FXFledgling/permalink/1264091463699748/)

The answer is YES and NO :)

Bonuses are not actually free fund. They are just an advanced rebates that you can use together with your original fund. You can only withdraw it when you traded a certain number of lots in which the broker has earned already from those lots traded. In case that your fund has reached a very low point of margin level, the broker will forfeit the bonus as they know that you will no longer be able to trade and reach the number of lots that they required. With some trade strategies, that scenario can make it riskier than the fund with no bonus.

If you are using an EA that doesn't use an SL, using an account with a bonus is not recommended as the EA will double your exposure but can get a margin call faster.

Bonuses can be helpful on EAs that are using a conservative SL as the risk ratio is the same. If your EA is a successful one, a 100% bonus can double your profit.

If you trade manually, the situation is the same. With a strategy that has no SL, you may double the risk on account with a bonus. You may also double the profit if you have a good strategy with SL.

or this reason, think first on the strategy that you are going to use before you accept the bonuses.
« Last Edit: Nov 30, 2018, 06:59 AM by okpinoy »


okpinoy

  • Forum Tambay 200
  • ***
    • Posts: 245
    • Likes Received: +0/-0
Reply #1 on: Dec 03, 2018, 12:16 AM
any further idea on this?


okpinoy

  • Forum Tambay 200
  • ***
    • Posts: 245
    • Likes Received: +0/-0
Reply #2 on: Dec 05, 2018, 11:41 PM
what do you think of brokers' bonuses?


moneybanga

  • Probie
  • **
    • Posts: 10
    • Likes Received: +0/-0
Reply #3 on: Dec 26, 2018, 07:23 PM
They are helpful sometimes. I can use a broker's bonus to sustain a losing position. It can also be used to increase your margin.


lakshi

  • Probie
  • **
    • Posts: 22
    • Likes Received: +0/-0
Reply #4 on: Jan 06, 2019, 06:36 PM
A while ago, I applied for the $100 bonus offered by Forexchief; it was really helpful in supporting my trades. They also have deposit bonuses. The one I applied for was a no deposit bonus.


Jugrel

  • Junior Member
  • **
    • Posts: 36
    • Likes Received: +0/-0
Reply #5 on: May 22, 2019, 09:04 PM
Taking a bonus is not sin. It just shows that you like free things, and that life has not yet taught you some lessons. This is my free advice: If anyone ever gives you money for free, flee and don't look back. That's a trap and your head is just about to be slaughtered. If you've fell victim of these bonuses before, you'll definitely know what I mean


Spellstalker

  • Senior Member
  • **
    • Posts: 63
    • Likes Received: +0/-0
Reply #6 on: May 23, 2019, 09:37 PM
Brokers' bonuses can be both helpful and harmful at the same time. It all depends on your level of greed and your broker's wickedness. lol. You can use the bonus to expand your margin, but before you do so, you have to satisfy the broker's set terms and conditions, which are normally almost impossible to meet


 


PMT Shoutbox

Refresh History
  • Post only questions or comments here. Advertisements NOT ALLOWED.
  • miakashidou31: hi , meron po ba ditong nagta transfer sa paypal?
    Nov 05, 2019, 01:46 PM
  • whennedy: good noon po
    Oct 18, 2019, 12:04 PM
  • edzlpdac: goood day po sa lahat!
    Oct 12, 2019, 03:37 PM
  • bpc85: ask lng sana ako kung may makukuha ba kami ng Mama ko at ako or mga kapatid ko sa benepisyo ng aming Ama bilang membro ng AFPSLAI. thank you po.
    Sep 27, 2019, 12:52 PM
  • bpc85: Hi guys, im new here,.
    Sep 27, 2019, 12:52 PM
  • Anaperdi: Hi just want to know if meron dito who is into boundary hulog ng motorcycle? For mga riders ng courier. Pwede ba magpashare how it works? Naisip ko lang baka pwede ko ibusiness, meron na pala mga posts online pero di pa clear ang system sa akin. thank  you sa makakapansin
    Sep 21, 2019, 11:32 AM
  • Anaperdi: Hi newbie here..
    Sep 21, 2019, 11:19 AM
  • jprios: May contact ba kayo kung sakali?
    Sep 18, 2019, 06:11 PM
  • jprios: Sino pwedeng mahiraman dito?
    Sep 18, 2019, 06:09 PM
  • kfg52: Present!
    Sep 15, 2019, 07:26 PM
  • juju31: san po ba may nag papahiram dito
    Sep 14, 2019, 07:18 PM
  • juju31: hello
    Sep 14, 2019, 07:18 PM
  • FutureGizmo: Thanks julz! Medyo ganun nga trabaho namin ngayon, to monitor spam posts kasi ang daming spam bots. But thanks for reporting. Auto-ban agad ang spammers sa amin haha
    Sep 07, 2019, 12:17 PM
  • julz: @FutureGizmo si @nikkikv18 just posted more than 10 posts about porn sites. hay, spam.
    Sep 03, 2019, 01:05 PM
  • Cid_brent: sino po dyan pwede magbigay send ng paypal funds and I will pay you using gcash?
    Aug 25, 2019, 08:58 PM
  • Meghan91811: Sino po may alam about Rice Farming...
    Aug 25, 2019, 07:44 AM
  • roselove: hello po sa inyo... newbie here
    Aug 06, 2019, 03:31 PM
  • Niel Jhacoubs: Sino palaging active dito?
    Jul 30, 2019, 04:15 PM
  • dagocjasonrey: Anong update dito?
    Jul 22, 2019, 08:49 PM
  • mark_Lee: anong bago dito
    Jun 28, 2019, 01:03 AM
  • mark_Lee: balita
    Jun 28, 2019, 01:03 AM
  • Lovelyprincess72: hi everyone , I'm newbie here
    Jun 27, 2019, 02:36 PM
  • Niel Jhacoubs: Musta?
    Jun 26, 2019, 01:43 PM
  • Forexanalysis: Hello
    Jun 25, 2019, 06:33 PM
  • Niel Jhacoubs: Hello sa mga online jan! :)
    Jun 15, 2019, 02:58 PM
  • oragon: :applause:
    May 20, 2019, 03:53 PM
  • FutureGizmo: Thank you for reporting those spam posts, oragon! Spam posts now deleted.
    May 20, 2019, 01:59 PM
  • oragon: Admin kindly monitor some peps! posting and sharing inappropriate nude photos and website links
    May 20, 2019, 01:52 PM
  • @culinary10: Hello I am new here! Regarding sa bdo life insurance for 8 years, pwede pa kaya ma refund yung binayad ko na 50k last year? Gusto ko sana icancel kasi lack of financial na, last may 15 2018 po un nag start ako ng life insurance, pinili ko annually kaso etong may 15 2019 wala nako ma ipay so gusto ko sana icash out, may alam ba kayo kung pano marerefund?
    May 17, 2019, 07:56 PM
  • FutureGizmo: Hi Sonny, the posting issue is now resolved. Thanks for informing us! We're currently testing a new, mobile-ready theme so let us us know kung may problema pa sa Forum. :)
    Apr 04, 2019, 10:40 AM
  • sonny.wapak: Nakaka receive din ba kayo nito pag gawa ng new post? "Please try again. If you come back to this error screen, report the error to an administrator."
    Apr 03, 2019, 10:56 PM
  • leonine_zafiro: what product nun?
    Apr 01, 2019, 10:25 PM
  • dhondiex27: hi
    Mar 30, 2019, 10:55 PM
  • lusart: jayrob i agree 200%. hulog ng langit organico. legit na legit
    Mar 29, 2019, 09:08 AM
  • palemelch: Hi
    Mar 28, 2019, 04:08 PM
  • O.C.W._AK: Magandang Araw sa Lahat! Blessings! (",)
    Mar 28, 2019, 08:42 AM
  • thor15: hello everyone, newbie here
    Mar 25, 2019, 01:47 AM
  • captjaylo: present newbie here
    Mar 22, 2019, 10:06 AM
  • balboagilbert26: hello Guys .. Newbie here
    Mar 21, 2019, 10:55 PM
  • businesswoman2019: @jefsanity nag inquire na po ako pero di sila nagdidisclose. Yung branch po kasi na target ko, currently building pa.
    Mar 21, 2019, 04:27 PM
  • jefsanity: @businesswoman2019, much better inquire ka na lang sa admin nila.
    Mar 21, 2019, 01:51 PM
  • businesswoman2019: Hello! Any idea how much ang stall sa waltermart. 2m x 2m
    Mar 21, 2019, 08:28 AM
  • John Neil: Looking for an accredited iron foundry
    Mar 17, 2019, 03:19 PM
  • jayrob: Mark_Lee ung organico legit po yan..  Member din AQ..
    Mar 17, 2019, 12:57 AM
  • perlymelad: Hello po! Need advice, why my new MLM leaders failing?
    Mar 14, 2019, 08:51 PM
  • perlymelad: Present
    Mar 12, 2019, 07:53 PM
  • kennethmauricio: Hi saan po dito pwede mag post ng for sale properties?
    Mar 11, 2019, 07:58 PM
  • jefsanity: @mark_lee isipin mo anu passion mo at skills mo...
    Mar 11, 2019, 06:52 PM
  • sniperaj09: BAGO LANG
    Mar 10, 2019, 11:16 AM
  • mark_Lee: magandang investnent ngayon sa 30k suggest naman keo mga boss
    Mar 10, 2019, 03:07 AM