Forex No Deposit Bonus


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Forex No Deposit Bonus

All You Need To Know About Forex No Deposit Bonuses.

Welcome to the world of forex trading. To kickstart, most forex brokers will give you a gift to welcome you and entice you to stay. They will most probably offer you a forex no deposit bonus once you register with them. Just for info, up to 75% of active brokers are offering them. They are the ultimate welcome package that brings a new trader online and encourages them to start trading.

Most first timers are not willing to commit their money. Therefore, the broker will show them the ropes by putting some money into the new account. Naturally, the trader cannot withdraw the money. They can only use it for trading as per the requirements of the broker.

How To Access This Bonus?

First of all, you have to choose a broker that offers no deposit bonus. Then register with them by adding all the required information. Once the account is approved, the bonus will be available to you and you can start claiming it. Usually, a forex no deposit bonus is between 20 and 150 US dollars depending on your preferred broker. It is so called because you are not required to make any deposit prior to receiving it. It is also given only once to welcome you on board.

Are There Any Catches?

Well, yes and no. First, you are expected to meet a few requirements after signing up. Depending on the broker, you will have to meet a trading volume. The trading volume will have to achieve a certain profit before you can withdraw the bonus. It is different from a demo trading account. A no deposit bonus forex account allows you to test your strengths and weaknesses without risking your own money. In the event you are unable to keep trading, then the broker will withdraw the bonus. However, once you have traded two to three times the value of the bonus, you can withdraw the bonus as well as your profits.

Before trying it out, make sure you pick the right broker to trade with.

What To Look For In A No Deposit Bonus Forex Broker.

There are many brokers on the market offering no deposit bonus forex trading. This will bring a little confusion when you are trying to make a decision. Remember to check all available brokers online and in your area and evaluate them individually before you get started.

  • Reputation

The reputation of a broker depends on traders who have dealt with them in the past. Traders will not hesitate to tell all if they lose money through rogue dealings with a broker. They will leave reviews so that the next person knows what they are dealing with. Google your chosen broker with the following keywords to reveal any hidden skeletons in the closet: “forex broker name” + review, scam, fraud. Example: Forex Broker Name Scam

You can also check offline. People in your circle who had experiences with forex trading will happily share their invaluable insights. They will also recommend their broker to you. A good recommendation from an acquaintance could save you a lot of time and trouble.

  • Regulation

The reputation of a broker depends on their alignment with the law. You want to work with a broker who has been approved and certified by the right authority. We are sure you don’t want to lose your investments. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. Without regulation, traders are left without any resources to back up the legality of the broker they are using.

Some countries have strict rules about forex brokers running forex operations. They already have organizations in place to regulate companies which do business in their countries. Unfortunately, there is no central organization to oversee the forex market. Some notable regulators include US Commodity Futures Trading Commission (CFTC), US National Futures Association (NFA), UK Financial Services Authority (FSA), E.U.’s Markets in Financial Instruments Directive (MiFID), etc.

Where To Find The Forex No Deposit Bonus Deal.

When looking for a broker who offers a no deposit bonus deal, the conditions above will suffice. They need to be certified to carry out business in your country. They should have a good reputation. Think of what you want in a long-term business partner. If the trial period goes well, you will be working with them in the long run.

Choosing a good broker is only the first step towards getting into the game. The second part is making a comparison. Different brokers have different trading conditions and deposit bonus amounts.

ForexPenguin.com lists the amount of money given by the various brokers and updates this information on a regular basis. Check it out frequently to help you make the best choice of the day. After that, you can check out the communities of traders to see the latest discounts available. This way, you can take full advantage of them. Traders in online forex communities are generous with information. You can even get tips on how to best use a forex bonus.

Differences Between A Forex No Deposit Bonus, A Demo Account, And A Forex Deposit Bonus.

A demo account is widely used to give a rookie the feel of trading with real money. Demo accounts have fictitious sums of money in them but possess features of a real trading account that you will need to build experience. They offer no deposits – just trading experience and insight.

A forex no-deposit account does not ask you to deposit any money with your new dealer. Rather, it gives you some money to get started upon registration. The money is not accessible. You need to trade with it a few times as per the requirements of the broker to access the bonus or profit derived from trading with it. They are offered by most brokers. It is meant to entice newbie traders to register and start trading without the fear of losing any money.

To find a broker offering this bonus, you will only have to check online at Forex Penguin and on forex trading communities. It is offered as a specific amount – again at the discretion of the broker – and paid as such.

A forex deposit bonus is, as the name suggests – you pay a deposit to trade and the bonus is either offered at the beginning of the trading session or later. The bonus will be a percentage of your deposit. The broker should let you know the percentage at the beginning of trading. If they don’t, make sure you check with them before you start investing.

Choosing The Right Bonus.

The right bonus is subjective, but the basics to look at are amounts offered and conditions. Even though the bonus targets new traders, the intention is to get the trader to be as active as possible. Before settling on a no deposit bonus, you will want to check the list of bonuses available on that day by the various brokers so you can get the highest amount.

Terms and conditions will also be a vital issue when making your choice. What is required of you by the broker? Most brokers will require that you make at least four trading transactions before you can access the money. Trading five times – give or take – the value of the bonus allows the house to recoup some of its cost. Only after you have met the set conditions will you be able to withdraw the bonus and profits accrued from it. So, before you make that choice, you may want to look into those conditions.

Free Bonus Is Not Free Money.

In case we didn’t make it clear enough, no deposit bonus forex trading is not free money. The broker sets the pace and conditions for you to follow, to be eligible and to participate. They are also looking forward to forging a relationship with you. That is why they encourage your participation by giving you money to help you started. You don’t have to spend a single dime. Think of it as the initial outlay for a venture that you are going to claim only if you successfully launch your business. Thinking about it, your broker is giving you free money but only if you have what it takes to earn it through regular trading and patience.

Are You Ever Going To Pay It Back?

The forex no deposit bonus is not a loan. It is all yours if you can earn it through regular successful forex trading. As a newbie, this bonus eliminates your worry of losing money at the beginning of your forex trading venture. It also allows those who have the skills but doesn’t have the capital to give it a shot.

The bonus is usually a small amount, but it is enough for two to three trades depending on your broker. If the first three or so trades are successful, you will be bold enough to add a little of your own capital. Depending on your broker, the new capital could also qualify for a deposit bonus.

So, there you go, newbie trader! This bonus eliminates the risk associated with forex trading as a beginner. So, you might as well give it a try. Remember that over 75% of active brokers offer them.

Check Our Listings Daily.

We post daily forex no deposit bonus from various brokers, so we encourage you to check us out daily for all available offers. Happy trading!

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Current Active Ongoing Non-Deposit Bonuses:

GKFX Prime – $55 No Deposit Bonus

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The No-Deposit Bonus program is available to all new direct clients who open a live account at GKFXPrime from 12/02/2018….

Expiry Date: On Going

N1CM – $30 Welcome Bonus

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N1CM offers a unique opportunity for its clients to make profit with absolute zero risk, They give $30 worth of…

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Tickmill – $30 Welcome Account

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Experience one of the best trading environments in the industry risk-free with Tickmill Ltd (FSA SC Regulated) $30 Welcome Account….

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Paxforex – $7 Free Welcome Bonus

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PaxForex is currently offering USD 7 as a free welcome Forex Bonus.

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Adamant Finance – $50 Welcome Bonus

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A bonus account by Adamant Finance is an excellent opportunity for getting to know the company and the terms of…

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ATIROX – $50 Welcome Bonus

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Bonus accrual after deposit $1 and request to bonus Bonus available for new client once only! Profit is available for…

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UpForex – $100 USD Welcome Bonus

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New clients have the opportunity to trade with free trading funds, without having to make a deposit. The Welcome Account…

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Forex.ee – $15 Welcome Bonus for STP Account

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Take part in Forex.ee promotion and use an opportunity to get initial deposit from the broker and test your new…

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WELTRADE – $10 Welcome Bonus

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We provide an opportunity to evaluate the benefits of working with WELTRADE and derive a profit within 30 minutes.

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GMI Edge – $30 Welcome Bonus

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Sign up for a new account with us and instantly receive a USD30 bonus.

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