Why deposit bonus?
Bonuses are granted between Forex brokers and their clients in a straightforward manner. First, you must deposit funds into your trading account with your Forex broker. The Forex broker then credits your account with the bonus they gave you in the form of a percentage of your deposit. Afterward, you will be able to trade with the additional funds in your trading account. There are many Forex brokers that offer abnormal bonuses that you will not be able to withdraw from your trading account if you do not meet the requirements. If you are an active trader, you can use the bonus to make trades, but you will not be able to withdraw it. You are strongly advised to avoid trading with these types of brokers, and it would be better if you could earn a bonus that you could cash out. Forex brokers make money when you trade, and by offering you a bonus, they protect you from financial loss while also encouraging you to trade more frequently. You will have earned double the amount of the bonus you received from your Forex broker if you trade enough times to generate the required trading volume. On the other hand, your Forex broker bears a large portion of the costs associated with fulfilling your trading requirements. To forex brokers, the volume of traders is more important than the quality of traders, so bonuses are an important part of client retention strategies.
Apr 15, 2022 07:03