It isn’t.
In spite of “jennyscott’s” anxiety to keep bumping this thread to promote it. :rolleyes:
It can’t be. Genuine, ethical brokers don’t use promotions like that, [U]and there are reasons for that[/U].
Reading the small-print of the exact terms of those “deposit bonuses” will clarify how many trades you’d need to do before ever being allowed to withdraw any of the profits.
“Brokers” who make offers like this (and there are a lot of them), without exception, aren’t genuine brokers: they’re all counterparty market-makers whose business model revolves around attracting a particular type of customer, whose lack of experience they know will make such offers appear attractive to them, because they understand very clearly that they’ll almost never actually pay out at all, on such offers, because (a) their system is more or less rigged, overall, to make it close-to-impossible for the customers to win in the long run, because that’s how they make their living, and (b) that’s the potential customer-group their research has correctly identified as the one least likely to be able to trade profitably over the medium-term anyway - in other words, the odds are stacked hugely in the “brokerage’s” favour.
These are “brokers” who don’t offer negative balance protection, and they’re “regulated” (if you can call it that) in a variety of “offshore” places, such as Cyprus, where they’ve deliberately chosen to be regulated for reasons that suit themselves very nicely but - to put it mildly - are far from in their customers’ interests - in other words, [B]they’re “brokers” one shouldn’t trade with[/B].
This is one of the biggest [B]red[/B] flags you can have, warning you [B][U]not[/U][/B] to do business with a “broker”.
It’s also a huge distraction from gaining meaningful, helpful trading experience of the type from which a small minority of forex traders benefit enough eventually to go on to become steadily profitable, overall.