Why Deposit Bonuses Are Bad For You

[yuda_forex]

Why do some trader said that deposit bonus is bad??

How come?.

I think that they do not know what is it for.

Each broker have different rules about its bonus. so you must know it before use it for trade

[usok]

i wont say bonuses are bad, it will have a negative outcome if the traders has the wrong perception about bonuses, bonuses are used for leverage, not neccessarily meaning doubling your money, its a give and take agreement between brokers and trader, personally i do not trade with any bonuses, but i know of people utilizing it perfectly based on their strategy and plan. best of luck.

[Andre Silva]

I never take bonus on my deposit amount because I know brokers plays a big game here offering us bonus and making a hidden policy to 'not allowing us to withdraw' our funds. Therefore, I am good not having bonuses from CMTrading and best is that the broker acts Failry and support me most :)

[marine]

Bonus can affect badly to your strategy, normally, broker requires trader trade a lot to acquire the bonus, as a result, trader focus to overtrading and it could explode the account quite easily and rapidly. So I think non-bonus broker is excellent choice.

[orni308]

Its not bad actually you are not allowed to withdraw it, but still it increases your capital and there is nothing wrong with that.