I want to trade in forex but I don't have enough money to invest. I therefore hoped to receive recommendations for a broker that offers the maximum deposit bonus. Do you have any broker in mind? If so, please share it right here.
Brokers recommendation for high deposit bonus?
- Thread starter claytantum
- Start date
In the forex world you're usually asking for trouble if chasing the "bonus deposit" brokers.
They're often the brokers that clients have trouble getting their money back.
Even if the bonus is from a decent broker, there's usually too many hoops to jump through before you can withdraw any of the bonus deposit.
Forex has enough leverage you shouldn't need a bonus. Since you're outside the U.S., find a broker that allows 500:1 leverage. Better to have high leverage with a small account than low leverage with a bit larger account.
Here's a forex trader that uses high leverage. Blows the account regularly and starts over.
https://www.forexfactory.com/moty
They're often the brokers that clients have trouble getting their money back.
Even if the bonus is from a decent broker, there's usually too many hoops to jump through before you can withdraw any of the bonus deposit.
Forex has enough leverage you shouldn't need a bonus. Since you're outside the U.S., find a broker that allows 500:1 leverage. Better to have high leverage with a small account than low leverage with a bit larger account.
Here's a forex trader that uses high leverage. Blows the account regularly and starts over.
https://www.forexfactory.com/moty
Do not touch forex or you will have no money at all.
Buy some books about investing instead and be ready for a life long journey into becoming rich.
Get rich quick path ain't gonna work in here.
Fools dreams only.
Forex is easier than crypto .
Instead for looking the deposit bonus it would be better to look for prop firms, where you can get 3 times to 7 times the value for your money. 3 times means, that your own compounding on your own personal account is 3 times less the value what you get at a FX prop firm. Of course it is difficult to pass but when you look into this area there are even instant funding offers where you do not need to pass any tests and you get more for your deposit here.
I agree with going down the prop firm route than seeking broker bonuses. These are much like bookie or casino bonuses where if you read the T&Cs they will probably say somewhere that the bonus isn't meant to be used to actually make money with. As such half of them have obscene roll over requirements that prompt many traders to trade with lots far larger than they ought to be and take more risk, thus blowing their accounts. The bookies/broker still have their money and you're a paying customer.
High forex bonuses can be quite risky as decent broker doesnt really offer pass 50% bonus so you need to be careful when going for it.
Well, you can check out aaafx, they have a 100% deposit bonus. Also, there is hotforex tho their bonus is 50%.
Thank you; could you please tell me more about their commission?