A losable bonus is usually trading credit that can disappear when the account loses — stop-out, a losing close, or a clause that writes the credit down with the position. It is not a deposit you can withdraw. Peak Pips does not rank “highest losable bonus”. The product split versus a partner payout is in forex IB program vs a welcome bonus. Ordinary deposit credit is in welcome bonus and rollover.
What “losable” usually means
Most desks add credit after a qualifying deposit. That credit can pad margin. On a losable ticket, a loss can eat the credit as well as (or instead of) your cash. A “non-losable” label, where it exists, usually means the firm tries to take the cash first — still not a payout. Neither label is a law. The PDF on your entity is the contract. Volume still applies: lots per dollar of bonus is a common shape, with an expiry window. Mixing this with a no-deposit bonus or a rebate shop is how both strings cancel — cashback vs welcome.
Four lines to copy before you claim
- Entity. The company on the live application, not the IB landing page. Same brand, different country, different bonus (or no bonus) is normal. Search it — register steps. A clone with a 30% form is still a clone — how to spot one.
- What dies first. Credit only, cash only, or both. What happens at stop-out. Whether a partial close writes down the bonus.
- Rollover and products. How many lots, which symbols count, deadline. Gold and crypto CFDs are often excluded. Copy the formula, not the banner.
- Withdrawal waterfall. Can you take your deposit out while credit is open? Many desks cancel the bonus (and sometimes bonus-linked profit) if you do. Read withdrawal policy.
Credit can keep a loser open longer. That is not a gift on a gap. See leverage and margin. Round-turn cost still exists while you “work off” the percentage: spread vs commission.
IB link vs the client PDF
An introducer can show a 25% or 30% card. You still sign the client terms. Peak Pips may earn if you open via a partner link we list — that does not change the licence or the rollover. Named examples (not a ranking) sit on partner offers. Start with what a licence covers and the regulated shortlist if the job is FX and gold. Line two names up on compare brokers. How to choose a broker still comes before a percentage.
Where Peak Pips stands
We will not publish a live “best losable bonus 2026” table. Offers change by entity and week. We do not credit your account. Leveraged CFDs can wipe a deposit with or without credit. Risk disclaimer.
Common question
If I lose on a losable bonus, do I only lose the credit? Only if the PDF says the firm writes down credit first and leaves your cash. Many losable offers let a losing position consume both. If the terms page is vague, do not click claim to “read it later” — claiming is often when the strings attach.
