Is it worth using Forex broker bonuses?

Currently, most brokerage companies offer to receive a bonus when replenishing an account; the size of such an offer ranges from 10 to 100 percent. It seemed that it was difficult to take advantage of such a tempting offer, but in reality it is not so simple.

Forex broker bonuses are provided under special conditions that limit their withdrawal and sometimes create additional troubles when trading.

Therefore, before taking advantage of a tempting offer, you should think ten times so as not to lose your earned profit.

Let's start by finding out the size of the bonuses offered by Forex brokers in the ratings of dealing centers .
Typically, it's a percentage of the deposited account amount. So, if the bonus is 50%, then a $100 deposit would result in $150 in your trading terminal balance.

Then, you start trading and making a profit. Most dealing centers assure that profits are withdrawn without any hassle, but the bonus amount must be worked off.

To withdraw the principal amount, you need to complete a certain trading volume, typically ranging from $1 to $5 per lot. Therefore, to withdraw $50, in some cases, you'll need to work 50 lots. And assuming you trade an average of 0.1 lot with your $150, you'll need to make about 500 trades. Or you could take a high risk and scalp . Therefore, if you're hoping to withdraw your bonus, you should look for a broker with more lenient terms.

This means you won't be able to quickly withdraw your bonus from a Forex broker; you're left hoping for profits.

It might seem like there's nothing complicated about it—you can't withdraw the main amount, but you can withdraw profits without any restrictions. However, in practice, things aren't so rosy.

There are numerous restrictions that will prevent you from performing certain trading activities, such as prohibiting trading with expert advisors or limiting trading volumes.

There are also numerous other limitations. For example, with most brokers, if you withdraw your funds without trading a certain amount, the bonus you received is forfeited, and in some cases, even part of your honestly earned profit. This brings to mind a loan, where there are many pitfalls, and you never know which one you might stumble over.

Therefore, if you don't want to ruin your mood and nerves, it's best to trade only with your own funds and avoid various bonus offers.