Thread: High deposit bonus broker with easy withdrawals

Originally Posted by ;

quote The bonus only helps with drawdown from the regard your successful stop-out is at 0-10% margin rather than 30-50% (or whatever you broker permits) , however you won't be able to drawdown past your accounts first deposit.

So forget that incentive, forget that broker.
I really don't promote anything, but have a peek with Fortfs.

Originally Posted by ;

quote Deposit bonuses are shit. I say that from personal experience because it throws off all your accounting. Risk management is hopeless because there's no way to differentiate your balance by the non-tradable deposit bonus. Additionally, just because the bonus reveals as account balance doesn't mean that you can use it. If your account runs from your initial funds you can't continue trading the remainder of the bonus; you are done. The only benefit from a deposit bonus would be the very small rebate you get for every lot, and in fact you're better off...

I am new to using deposit bonuses, but I think perhaps you're considering them in the incorrect manner. For instance, with my current broker, if you lose 90 percent of your initial deposit, they draw the bonus in that point. This is assuming your egy would draw 90%! If that is true, you should probably find a new egy, no? Here's where the bonus is valuable to me : Say I had a 5k account and wanted to risk 1%/trade. That is less $$$ money in my R multiples than if I risked 2% of course. However, if I get a 100% bonus, now I can risk 1% per trade while still making 2% per trade money (aka additional margin as you mentioned)! This is only because I am basing my risk on incentive plus initial deposit. Currently unless I drawdown 45 percent, of my overall capital (risk plus bonus in which point I lose the incentive) this is working in my favor. Now this manner I am not worried about if I get the bonus or not, but if I finally do meet the volume to draw it, it will be only a bonus. Otherwise it's just an additional cushion for margin. I hope that makes sense.

Originally Posted by ;

quote I am new to using deposit bonuses, but I still think maybe you are considering them in the wrong way. For instance, with my current broker, if you lose 90% of your initial deposit, then they withdraw the bonus at there. This is assuming that your egy would draw 90%! If that's the case, you should probably find a new egy, no? Here's where the bonus is valuable to me : Suppose I had a 5k account and wished to risk 1%/trade. That's less$$ cash on my R multiples than when I risked two % of course. However, if I get a 100% bonus, today...

So you are saying that you found a broker that will allow you to start an exchange with bonus cash regardless of the trader no longer having any withdrawable money?

Originally Posted by ;

quote So you are saying that you discovered a broker that would allow you to open a trade with bonus cash regardless of the trader no longer having any withdrawable money?

No, what I am stating is that they'll only draw the bonus funds as soon as you drawdown to 10 percent of your first deposit. So at our $5k instance, if you have $5k deposit (your money) and bonus can also be $5k (total of $10k) subsequently, the broker won't take away the bonus until you drawdown to $5500 total or $500 of your first $5k deposit. So that gives you a bit under 50% complete drawdown until you cannot use their funds anymore at which point you will have more or less blown your account.