Apr 11, 2012

Is trading with bonuses real?

A lot of new traders ask me if bonuses are real. Most experienced traders with accounts over $10k say that bonuses are not real and you can only be a trader if you invest your own money, $1k or more. You will hear things like, yeah, yeah why would any broker give you free money and let you trade, you can't trade with bonus money, etc. But that is not true. Not everyone can afford to just throw a few hundred bucks into a trading account and risk loosing the whole investment.
Well the truth is that bonuses ($5 and up to $200) are great promotions for brokers to attract new clients. Like food degustation. You get free food, and if you like it you'll buy some later. The same is with brokers, if you like their platform, spreads, execution, support,... a chance exists that you'll invest some money to them.. You can check some forex bonus withdraw proofs just to get sure that you can withdraw any profits and sometimes even including the bonus money. Some brokers allow you to withdraw the money immediately, but some will require to trade at least a month or so...

So find a nice bonus and good luck.