Are bonuses and promotions from forex brokers legal everywhere?

No, bonuses and promotions face strict limits in many regions. ESMA and FCA ban most retail bonuses to curb aggressive marketing; US NFA prohibits them entirely. Australia and Japan restrict high‑risk incentives. Offshore brokers offer them freely where legal, often with high turnover requirements before withdrawal. Bonus terms can tie up funds for months. Even where allowed, consumer protection laws scrutinize unfair conditions. Retail traders should treat bonuses as marketing tools, not free money—focus on trading costs instead. Confirm legality in your jurisdiction before accepting.