There is no doubt, Every brokers are giving bonus, but they are setting some terms and conditions with bonuses. If you can fill-up these terms you can rise this bonus.
It is not necessary to use bonus when one cannot understand their terms just focus on your routine trading using small lots , Every one can not afford the lots size broker say to use bonus trading. Then experience is also require to meet these conditions. A known person will use bonus to grow it other wise trader can loose it in only one trading,
For example, if you deposit $2000 into your trading account and get a 20% bonus, which equals $400. So, the total account balance has increased to $2400. This enables you to hold more trades and swap larger lot sizes if you maximize the value of your original deposit. Shortly, a strong forex bonus provides you with more opportunities for trading in the foreign exchange market and increases the odds of making more money.
Second, the leverage increases. The more money you have in your trading account, the larger the spot size you will choose. This raises your chances of making more money.
Third, examining how good a broker is. As mentioned earlier, you have to pay close attention to the terms and conditions of every bonus package. Some brokers would take back whatever bonuses youâve received if you make a withdrawal. Others, on the other side, would only let you remove the bonus once youâve traded a certain amount. You better look for a broker who provides proportional withdrawal of your bonus. So, letâs say that you withdrew 70% of the usable balance, the same percentage of your bonus will also be taken away. Yet, it is still a better deal than giving up your whole bonus.
If you are profitable, then the bonus is helpful yes. Not profitable? Then it has no meaning as you will still blow it one way or the other.