OANDA Bonus

Let's say you just signed up for a no deposit bonus program and got a $100 free capital. You then use it to trade and earn a $25 profit. What is the so-called bonus profit? The correct answer, of course, is $25.

If you want to draw the $100 bonus, there will be more requirements that are usually hard to comply with.

For example, to withdraw the bonus, you have to trade this lot before the bonus term ends:

(bonus amount) x 3 lots

So if the reward you get is $100, then you need to trade 300 lots!

Such a huge trading size is not ideal for retail traders aiming for trading with minimal risk. If you end up pushing yourself, more often than not you'll get a margin call first before hitting the 300 lots required.

Continue Reading at How to Avoid Bonus Withdrawal Problems

1. Normally, a trader has to trade with a certain number of volumes before withdrawing the profits derived from the no deposit bonus.
2. A welcome bonus requires a deposit from a trader for getting this bonus.
3. The deposit match bonus typically has a minimum deposit requirement, a maximum limit, and the broker matches a trader's deposit at a preset percentage, typically ranging from 30% to 300%.

Bonus schemes from forex brokers have some requirements regarding how much your initial deposit should be or how much you need to trade if you intend to withdraw profits. The requirements may be okay for some traders, but some others may see them as a source of frustration.

Continue Reading at Exposing Forex Broker Secrets

 Because it is held as a competition, prizes can only be awarded to winners who are entitled to receive them. And to appreciate the winners' effort, brokers put little to no restrictions when it comes to the rewards' claiming.

Furthermore, you can get invaluable trading skills and experience from competing with other traders.

Continue Reading at How to Avoid Bonus Withdrawal Problems

If this happens, just look for a bonus at other brokers. Providing withdrawal conditions on bonus profits indicates a broker's policy that is difficult and unfair to traders. Bonus profit is a trader's earning, so brokers should not make it difficult to withdraw it.

Continue Reading at How to Avoid Bonus Withdrawal Problems