I just opened a micro account with an online forex broker, and they give away 100% of your original deposit when opening a micro account. I just discovered this suspicious and wanted to know if this is regular, and why brokers would do this?
Thanks in advance!
Would this imply that i have to shell out back these US$ 300, or are they “mine” and i shell out them back by means of the spreads by trading?
Response by Hops Aficionado
Because they know they’re going to get it back. Very same reason why casinos give away cost-free hotel rooms, flights, etc.
When I say get it back, I do not always suggest you are going to lose all your money. Forex is large frequency trading, and even if you’re effective in your trading they’ll make their funds back on the spreads.
What do you feel? Response under!Tags: Account, away, brokers, Exchange, Foreign, give, Income, opening