Most people around the globe know and use only one way of investing: they open bank deposits, trying to save their money from inflation. Amid crisis and stagnation, most banks sharply cut their deposit interest rates, thus disappointing their clients.
Is there a real, more beneficial alternative to bank deposits for Forex traders and investors?
Alternative To Bank Deposits
According to Eugene Olkhovsky, ’s leading expert in financial markets from Canada, against the background of declining deposit interest rates, riskier assets have become more popular with investors: stocks, futures, options, commodities like gold and crude oil, stock indexes etc. These days the mentioned assets are especially risky, though more profitable.
Some Forex brokers offer their clients a beneficial alternative: they accrue substantial annual dividends on their clients’ deposits (the interest is much higher than the one offered by most banks). In particular, TeleTRADE (a member of the Ultimate League of ’s rating of Forex brokers ) has officially announced a new bonus for its clients: +2% a month (or+24% a year) for active clients, with the monthly-withdrawal option!
Is this real? Are such deposits as reliable as bank deposits? Obviously, this is a heavy burden for the broking company. Market Leader decided to interview TeleTRADE representatives to learn more about the tempting offer.
TeleTRADE: 24% yield on client’s deposit is real
According to TeleTRADE representatives, the interest rates offered by banks and brokers cannot be compared as these institutions do different types of business. This is the factor that can explain why TeleTRADE can offer such a substantial annual yield. The 24% yield is some kind of reward for the company’s most active clients. This is a win-win situation. Active traders allow TeleTRADE to generate more profits. In its turn, TeleTRADE rewards active traders, thus stimulating them to continue trading this way. Active trading is the key condition for receiving the 24% annual bonus. If you stick to strict money management rules (not more than 2% of trading capital per trade), you secure you capital against major losses and simultaneously meet the requirements to get the 24% dividend. Therefore, as a successful trader, you get both active and passive income!
The overall 24% yield is paid on a monthly basis (2% a month), thus securing active traders’ money against inflation. Moreover, the interest will accrue not on the initial deposit but on the funds left at the end of each month. So successful traders, who make stable profits on a monthly basis, will get even more substantial bonus in absolute terms. TeleTRADE introduced the offer more than 2 years ago. Since then, thousands of traders and investors from 20 countries around the globe have appreciated TeleTRADE for this generous reward.
The last question remains: Are brokers as reliable as banks?
TeleTRADE: are you sure that banks are more reliable than Forex brokers?
There are different kinds of brokers. There are reliable and time-tested big-scale brokers with dozens and even hundreds of offices around the globe. They have major licenses and a long history of successful cooperation with their clients. Alternatively, there are unreliable, “one-day” brokers. They die within a year or two.
TeleTRADE is one of the world’s major Forex brokers. It has been in the industry for 17 years and has offices in 135 cities around the globe. We are not going to persuade you that TeleTRADE is more reliable than banks. Just look at the pace at which numerous banks around the world keep going bankrupt. The conclusion will become obvious.
According to Eugene Olkhovsky, the thesis about the super-reliability of banks is one of the biggest contemporary myths.
Banks keep bursting like soap bubbles and making lots of investors go broke. Bank deposits become riskier only to provide you with low yields, which can hardly cover inflation.
Against this background, TeleTRADE seems to have found a good niche in the industry. Now it becomes clear, why wise investors prefer investment funds and other financial institutions to banks. These days brokers are a better option for active traders and investors than banks.
Market Leader and would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
What is your attitude towards TeleTRADE ’s 24% bonus?
