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 with the fact that you can find out the size of bonuses offered by Forex brokers in the rating of dealing centers .
Usually this is a percentage of the account replenishment amount, that is, if the reward is 50%, then with a replenishment of $100, the balance of the trading terminal will already be $150.

Next, you start trading and begin to make a profit; most dealing centers assure that profits are withdrawn without hindrance, but the body of the bonus should be worked out.

In order to withdraw the principal amount, a certain volume of trading transactions is required, as a rule, it ranges from 1 to 5 dollars per lot. Therefore, in order to withdraw 50 dollars, in some cases you will have to work 50 lots. And provided that with your 150 dollars you will work on average with a lot of 0.1, you will need to make about 500 transactions. Or take a high risk and trade using scalping .

Therefore, if you really hope to withdraw the bonus body, you should look for a broker with more favorable conditions. That is, you won’t be able to quickly withdraw a bonus received from a Forex broker; you can only hope for profit.

It would seem that there is something complicated here, the main amount cannot be withdrawn, but the profit is withdrawn without any restrictions, but in practice it is the same, not everything is so rosy.

There are a lot of restrictions that will not allow you to perform some trading options, this could be a ban on trading using advisors or limiting trading volumes.

There are also a lot of other restrictions, for example, with most brokers, if you withdraw your funds without trading a certain volume, the previously received bonus is canceled, and in some cases, part of your honestly earned profit is canceled.

This brings to mind the association with a loan, where there are a lot of pitfalls and you don’t know which ones you’ll stumble over. Therefore, if you do not want to spoil your mood and nerves, it is better to use only your personal funds in trading and refuse various bonus offers.