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What are the considerations in choosing a bonus?
- First, pay attention to whether the bonus profit can be withdrawn at any time.
- Next, pay attention to the bonus program scheme.
- Other than that, also pay attention to what's allowed and not allowed in the program.
Continue Reading at How to Successfully Use a Forex Broker Bonus
Why is a deposit bonus better than a rebate?
A deposit bonus is much better because rebates are not of great use to traders. While rebates may look appealing, most times, they are merely proportional compensation for the expenses incurred when trading.
Usually, the size of a rebate tends to be small which means trading with a broker that provides rebates allows the trader to essentially save just a small part of his/her funds.
On the other hand, a deposit bonus provides a much more significant benefit with deposit bonus offers ranging from 10% to larger figures of up to 100%, although with deposit bonuses, traders also have to be careful because bigger is not always better.
Continue Reading at Rebate or Deposit Bonus, Which One is Better?
Is a bigger deposit bonus better for traders?
Not necessarily so.
Traders can be required to trade in a certain transaction size to withdraw some bonus funds or just to maintain their eligibility. The required trading volume is usually quite unreachable for beginners or short-term traders in general.
This condition is common to make sure that the broker still gets some benefits from the bonus program, as spreads and/or commissions from clients' transactions are their main sources of income.
Continue Reading at Forex Deposit Bonus: 5 Things Every Trader Should Know
What if the bonus requirements clash with my strategy?
If the rules don't match your trading plan, then don't sweat it and move on. There's no use in chasing those bonuses while you sacrifice your well-thought strategy. You may end up trading uncomfortably or even more likely to get losses.
Continue Reading at How to Successfully Use a Forex Broker Bonus