What do you think about foreign brokers offering large bonuses — opportunity or marketing trap?

[SmallPaul]

@SmallPaul

Brokers offering some type of bonus has always been a thing; personally I’m not into bonuses and don’t believe in them

@bambangsugiarto

Your point is interesting and worth considering. It is true that some large, regulated brokers such as J.P. Morgan or Charles Schwab offer bonuses, but the context is different from offshore brokers whose regulations are unclear. Bonuses from large brokers are usually transparent, deposit-based, and without detrimental trading conditions. The main problem arises when bonuses are used as a manipulative tool by unscrupulous brokers, with hidden conditions that make it difficult to withdraw funds. So, it’s not the bonus itself that is problematic, but the manner and purpose of its provision.

It’s best to stay away from bonuses; they attract newbies who don’t know what they’re doing.

Do you currently trade through an offshore broker? Have you ever tested their bonus program?