Forex bonus without verification

Basically, the more elaborated the T&C are, the more chances are that you have found a reliable broker, with a straight forward free bonus that you can use to trade and win.

Top forex bonus list

No Deposit Bonus Without Verification, forex bonus without verification.

And, again, make sure that the free bonus with no verification system the broker offers allows you to cash in the profit that you make. Don’t expect miracles in terms of winnings, it is a learning tool that will definitely help you win without risking your own money, but you will have to play until you perfect your strategy. And you can do that risk-free.

No deposit bonus without verification

Do you want to trade with real money without depositing a cent? Check out the free forex bonus, the best solution to trade, put your strategies to work, win money free of risk. How can you benefit from such a solution? Stick around and we will tell you how you can find the best deals and protect yourself from scams.

So, let’s take it one step at a time. As you may already know, there are quite a lot of scam brokers who try to trick you with fake bonuses, just to make you trade your own money and never cash in the profits. Let’s see how you can separate the bad from the good and choose wisely the best bonus for you.

Checkpoints of the no deposit bonus without verification

Broker

Terms

Verification

Fees

Amount

Leverage

Picking a broker

First of all, check out the broker who offers the deal. If it is regulated by a trustworthy authority, if it does offer services in your country, if it doesn’t limit your access to its trading platforms and, finally, if the reviews are good, you may go to the next step.

Terms and conditions of the no deposit bonus without verification

Best forex bonus without verification has very clear terms of use, state from the very start the conditions under which you may use the respective bonus and the costs if any.

Basically, the more elaborated the T&C are, the more chances are that you have found a reliable broker, with a straight forward free bonus that you can use to trade and win.

Verification

This is the interesting part. There are quite a lot of brokers that will give you free forex bonus without verification, albeit not very consistent sums, but more in the neighbourhood of USD 100.

But be aware, such type of bonus, that is also legit, is not easy to find. The real ones are, actually, a form of incentive the broker gives the trader, in order to let him check out the system, get used to the trading platform, see how good its products are and decide to use it, in the future, for playing with your own money.

Basically, the no verification part is a way of letting you get used to the game, without going into too much trouble in terms of “bureaucracy”.

Now, while you do not play with your own money, be aware of potential fees for transactions. Some brokers will deduce them from your winnings, some will ask for a deposit (so, this is, certainly, a deal breaker).

Amount

And now, we come to the most interesting part of the process to determine the best deal on the no deposit forex bonus without verification. Don’t think the sums the brokers offer are big but don’t be fooled by the low end of the offer. Meaning, such bonuses come in a variety of amount, from USD 5 to USD 100. Some rare examples of USD 200 or USD 500 come with some fine print that you need to read.

Basically, in order to make some money, you will need to choose a bonus above USD 25, but closer to USD 50.

Leverage

And now for another piece of the puzzle: if you really want to have a chance to win trading with forex no deposit bonus without verification, you will need to look for the higher leverage. This is the trick: most brokers offer lower leverage with this type of bonus, but a leverage of 1:100 or 1:200 is what you should look for. Anything above that is rather rare to find (and if you do, again, read carefully the T&C).

Conclusion

So, to recap, the no verification forex bonus is a good tool to help you win without taking the risk of your own finances. Make sure you pay attention to the main criteria when you choose the broker: bonus amount, leverage, T&C are the major deal maker or deal breaker.

Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side

Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.

Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.

You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.

It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.

Is bonus with no deposit on forex a scam?

While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.

Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.

This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.

Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.

How free bonus is important?

Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?

However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.

So you already got it free bonus is important and joining with a regulated broker is better.

In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.

When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.

Terms and conditions for free forex bonuses

The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.

On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.

Discover more about the free bonuses

You have learned a lot already from here, but sometimes beginner asks some question us this like:

Is forex free bonus is a welcome bonus?

Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.

Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.

Does forex broker give no deposit bonus without verification?

Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.

Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.

But sometimes it happens that forex broker offers no deposit bonus without any verification.

Can I make money with a free bonus?

Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.

So you can make with free bonus and withdraw it after meeting the terms and conditions.

What is the best thing in a free bonus?

The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.

So you have to start with a free bonus wisely.

Conclusion

Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)

Forex bonus without verification

Deposit bonus – A bonus on funding a live account. The bonus credited on percentage of the deposit amount.

No deposit bonus – free bonus on account registration for the new clients to trade live without any risk.

Tradable bonus: A deposit bonus that can be lost and traded as the part of your trading equity.

Volume bonus – most common type of deposit bonus, it allows you to increase your trading volume. Often the bonus can be cashed on trading lot requirement.

Forex gift – A gift for the clients for completing certain requirements, everything from bonus to latest gadget

Freebies – free stuff by forex brokers like ebook, courses, trading materials etc.

Rebate – cash-back withdrawable bonus on each lot traded.

Demo contest – contests held on demo account, win cash/tradable money with no-risk involve!

Live contest – contest held on live account, deposit requires. Win bigger cash/prizes.

Refer – a-friend– refer your friend to your broker, when your friend deposit you will get a special bonus

Free signals – get free trading signals from the broker.

Free VPS – get access to an optimized forex virtual private server for free on maintaining a certain amount of trading balance.

Binary options – binary bets trading on forex instruments

Forum posting: get a small trading bonus for each of your post in forms.

3 affiliate IB: receive a commission from your fellow traders, specially design for the marketers.

Draw bonus: the winners chosen by a draw

Seminars webinars: find the schedule to participate in the online/offline events.

Expos events: inviting to attend the forex events & expos globally.

Forex broker with welcome bonus & no deposit bonus without verification?

Forex broker with welcome bonus is nothing but a promotional and marketing strategy so that forex brokers will attract more newbie traders to sign up an account with them. There are many forex brokers that offers welcome deposit amounting to $30, $50 and even $1,000 when you open a trading account with them.

However, there is a catch. If you will create account together with the promo of welcome bonus or no deposit bonus, you can’t withdraw all of the profits made from that account only if you will fund your account, then you are allowed to withdraw your profits.One of the tough challenges in forex trading is to finding a good forex broker.

Some forex broker with welcome bonus allows you to withdraw your profits from the welcome bonus after it reached the threshold profits, and that’s a good thing because you can’t even use your own money to trade forex and make money. If that’s the case, forex trading is good.

Using forex broker with welcome bonus

Is it okay to sign up in forex broker with welcome bonus? Yes of course, but be careful though. Because some broker are just scam even they offer welcome bonus or no deposit bonus.

If a broker don’t require verification, it is suspicious. If there are forex broker with welcome bonus or offers no deposit bonus without verification first, then it might be a scam. Review and investigate what are the legitimate forex brokers that has welcome bonus and no deposit bonus.

Take advantage of welcome bonus and no deposit bonus

So, what to do to take advantage to welcome bonuses or no deposit bonuses?

Sign up, get verified first, then, try to learn forex trading in demo account. When you think you developed a winning forex trading strategy, then use that welcome bonus and start getting profits without risking any money at all.

That is my experience. I signed up an account with a forex broker and use their welcome bonus and use those bonuses and lose. And when I developed a winning forex trading strategy, I still need to fund my account to use real money. Welcome bonuses are real money, remember that. So before you will use them, find some time to learn even the basics of forex trading.

If you’re looking for the new or latest forex broker with no deposit bonus to withdraw profits, then, you are just wasting your time. Forex trading is a serious business. A serious business need to get serious attention, serious money and serious skills. Forex trading is not a big joke. So, don’t kidding and play it like a fool. Stop looking for the latest forex broker with welcome bonus and no deposit bonus, instead, try to look for a forex broker with high quality service, legitimate, and not scam one.

Forex no deposit bonus without verification USA

This article contains data about the forex no deposit bonus without verification USA

Perhaps the best thing about this new time of remote trade exchanging is the way that anybody from anyplace can exchange whenever. Forex has achieved total presentation on the web, on account of which it is accessible for any new individual out there. Each of the individual needs is a PC and working web association with execute his requests and oversee ventures. Forex no deposit bonus without verification has taken this to the following level.

Disclosure: this post contains affiliate links and I will be compensated when you make a purchase after clicking on my links, there is no extra cost to you

The current scenario:

Specialists have regularly remarked on how this market has made its mark throughout the most recent couple of years. The huge measure of cash being executed through it combined with an enormous number of exchanges which occur in it give this forex market a completely self-continued natural demeanor.

In spite of the fact that banks add to the biggest area of exchanges according to money volume, its remainder is invoked by dealers, representatives and individual financial specialists. Also, for each remote trade exchanging firm out there, the amateur speculator is the most significant resource for what’s to come. It is remembering their needs and interest that various firms and independent merchants or intermediaries have thought of forex no deposit bonus without verification records.

From A financial specialists’ perspective:

Exchanging firms have overwhelmed to the web attempting to pull in or rather bait new financial specialists contemplating about making a venture really to getting it going. Yet, what should be certain purposeful publicity has regularly flipped around. In spite of the fact that outside trade exchanges have the likelihood of earning over 100% quantifiable profit all the time, the main catch is that one needs to exchange and that too appropriately.

This is something that is unimaginable for beginner brokers as exchanging forex requires understanding, know-how, and skill – something that experts gain after some time. In this way, for amateurs, these forex non-deposit bonuses are the most ideal approaches to begin, to know the business part of the bargain.

Forex no deposit bonus without verification:

A financial specialist picking this record or rather an exchanging account with this bonus makes certain to get a milieu of advantages to it. What’s more, despite the fact that these records are not appropriate for long haul exchanging, they are ideal for a beginner financial specialist simply longing to get a vibe of things and to check whether the publicized benefit rates occur in actuality.

No deposit is required to open these records. All that an intrigued individual needs to do is to join to this record, matchup it to in any event one of his own and use it to get bonus forex no deposit bonus. In any case, exchanging with what?

These accounts as of now have deposits or money in them for a financial specialist to utilize. The explanation is to give a financial specialist a tryst with exchanging without any results to it. Running somewhere in the range of $50 to $100, this prefixed money can be utilized for exchanging.

High influences till about 500:1 are given these forex non-deposit bonus records to make benefits increasingly productive.

No verification procedure is joined to this record. A couple of fundamental subtleties is enough to join to these records – there is no proviso for long procedures of individual verifications or customer history.

Basically, forex no deposit bonus without verification is a one-mouse-click answer for hazard-free beneficial outside trade exchanging.

Top 10 forex broker bonus no deposit 2020

Check out the latest offers and promotions to find the best no deposit bonus. Brokers offer you a free bonus and allow you to start trading without depositing your money and risking your capital. All you need to do to get your free bonus is find a trusted broker and open an account.

No deposit forex bonus is a bonus on a real forex account that a forex broker gives to first-time investors without having to make a new deposit.

Forex broker bonus no deposit :
guide

The forex no deposit bonus is one of the most exciting promotions for newbie investors. You can practically start trading in the forex market without any initial investment.

Because up to 10% * of active forex brokers offer a no deposit bonus when you sign up with them.

No deposit forex bonus is the latest welcome package that brings in a new investor and encourages them to start trading.Most of the first time investors are unwilling to invest their money.

This is why brokers encourage them by putting money into a new account as part of their forex promotion. Of course, you have to meet certain conditions to open an account with them.

You should also check the reputation of your brokers before accepting any of them. Of course, investors cannot withdraw the money they receive for free.

They can only use them for trading purposes as per the broker’s requirements. In this guide, we will tell you everything you need to know about no deposit forex bonuses.

You will also find where you need to go to learn more about no deposit bonuses.

Forex broker bonus no deposit :
what is no deposit forex bonus?

Before we get into the details, let’s make sure that you understand exactly what a no deposit forex bonus is.

After all, even if you get a good offer, you are still putting money on the line.

So it always pays to do the analysis ahead of time – and make sure you know what you’re getting yourself into.

A no deposit forex bonus is called a forex bonus because you don’t have to make a deposit before you receive it.

It is also only granted once to welcome you on board.

In the past, it was quite common for people to get a free bonus for trading in the forex market.

It was a smart way for brokers to encourage their clients to trade more with them in the future.

Fortunately, the concept of a free bonus is still quite common.

Is a forex no deposit bonus a welcome bonus?

Forex broker bonus no deposit :
is a forex no deposit bonus a welcome bonus?

There are many reputable brokers who still give out no deposit bonuses, sometimes referred to as “welcome bonus”.

Additional note: the welcome bonus is the term used by forex brokers to describe the forex bonus.

This can mean both a deposit bonus and a no deposit bonus.

Although you shouldn’t think of it as “free money”, this is how people who are new to the world of forex can trade.

No deposit no verification forex bonus

Forex broker bonus no deposit :
no deposit no verification forex bonus

You usually start by giving your name and email address (and in some cases your phone number) to a broker.

You will need to create an account with a broker and the details they need will vary depending on your individual needs.

Some brokers may require an invoice or passport to prove their identity, while other brokers offer a no deposit no verification forex bonus.

Additional note: it is best to verify your account to rule out any issues that may arise if you wish to make a withdrawal in the future.

What happens when you have verified your personal information?

You will receive a free bonus on your account.

Top forex no deposit bonus in 2020

For a quick glance, we’ve put together a top forex no deposit bonus for year 2020

What can you do with a free no deposit bonus?

Forex broker bonus no deposit :
what is no deposit forex bonus?

Now let’s see the benefits of using a no deposit forex bonus.

Without having to deposit your own money (although some brokers may require a small deposit amount to recover), you can start trading.

This way you can learn how to trade in the forex market, and if you make a mistake, you won’t have to pay for it yourself.

And so, you will be trading real money, not just fictitious digital money.

So what exactly can you trade?

You will be happy to learn that bonuses are a great way to practice trading commodities, forex and even crypto currencies.

We know this no deposit bonus seems like a win for you as an investor, but a loss for the broker.

However, you have to keep in mind that their purpose is to provide people with the convenience of trading in the forex market.

When you know that it’s not your own money that is at risk of loss, you’ll be much more likely to exercise – and get involved.

Once you do this, you will be amazed not only how lucrative it is, but also how cool forex trading can be.

But what about my profits?

So far in this guide we have only talked about how forex no deposit bonuses will benefit you if you lose money.

Of course, we also know that you want to understand what will happen if you make a profit!

Will you be able to withdraw this money from your account?

Or maybe because it wasn’t really your money, it will go back to the broker?

One of the best things about no deposit forex bonuses is that you will actually be able to keep the profits you make.

Yes, by keeping it that way we mean you can take your profit out.

You can choose to use what you have earned to invest your money in forex trading.

What if you are feeling lucky but forex trading is not for you?

Don’t worry – you can opt out.

Start trading forex with your profit

If you make money with no deposit forex bonus, it means you are good.

You can now reinvest the profit you have earned from the no deposit bonus into different types of trading accounts.

You will be able to specify your objectives as well as the amount of your initial deposit.

There are accounts that allow you to start trading even if you only deposit a dollar.

There are accounts that don’t have spreads, as well as options that allow you to take a close look at your potential profit.

Once you have gained some trading experience, you can improve and play with different types of accounts.

In short, the possibilities are virtually endless!

Is there a catch?

After analyzing and processing hundreds of no deposit bonuses, we realize that requesting a no deposit bonus and withdrawing profits might not be the easiest thing to do.

Each forex broker has their own terms and conditions. These rules are designed to protect the best interests of the forex broker, as well as to prepare investors to make a deposit and start trading.

Although applying for a no deposit bonus is a fairly straightforward process, you start to notice the limitations when trading with a no deposit bonus. However, the final step of withdrawing profit can be much more difficult than you might think.

We have identified most of the obstacles and restrictions associated with obtaining a bonus and withdrawing profits.

How to request no deposit forex bonus

We’ve told you that requesting a no deposit bonus is the easiest process – and it’s not far from the truth. We have identified two ways that forex brokers work.

Forex bonus on your deposit from liteforex investments limited

We compensate your deposit transfer commission

The commission charged by payment systems at deposit will be returned to your trading account.

Forex deposit bonus up to 100% and all kind of trading advantages from the liteforex company

Multiple forex bonuses and promotions are a perfect chance for liteforex’s clients to increase their deposits and get extra money for trading. A variety of bonus programs lets you choose the best option and trade forex with pleasure. Participate in the company’s promotions and bonuses and enlarge your trading horizons!

Liteforex always provides its clients with withdrawable forex bonuses with free withdrawal of profit. Our current promotions include 100% forex deposit bonuses. Follow the liteforex news or stay in touch with our support team: individual deposit bonuses may be available upon request! With liteforex, you can easily get a forex bonus of 1 000 USD and more to your trading account. Moreover, often we do not limit the maximum amount of bonuses, and our bonus campaigns are constantly changed and updated. Forex deposit bonuses will help you expand your trading opportunities - additional credit funds are good for increasing the trade volume, and also the deposit bonus is an additional margin to maintain open positions. Our clients also enjoy the return of the spread up to 7 dollars per lot on all instruments and compensation of payment system commission when depositing your account! Trading with liteforex is ever convenient and profitable cooperation!

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Forex bonuses — liteforex

10$ no deposit bonus forex

The 10 dollar no deposit bonus can be defined as a welcome bonus that is given to new and first.

Free forex bonus of 100 dollar can be defined as a no deposit forex bonus given to forex traders.

100 deposit bonus forex brokers

Forex brokers with 100 dollar deposit bonus can be defined as a firm or company that provides fo.

Binary forex no deposit bonus

Foreign exchange is that financial market which provides you multiple avenues to trade. Be it ar.

100 forex broker no deposit bonus

The foreign exchange market is probably the most liquid market among all other financial markets.

Forex no deposit bonus without verification

One of the best things about this new age of foreign exchange trad.

The market has experienced a vigorous competition amongst forex brokers and just to entice more.

Risk warning: trading on financial markets carries risks. Contracts for difference (‘cfds’) are complex financial products that are traded on margin. Trading cfds carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, cfds may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved and taking into account your investment objectives and level of experience. Click here for our full risk disclosure.

The website is owned by liteforex group of companies.

Liteforex investments limited registered in the marshall islands (registration number 63888) and regulated in accordance with marshall islands business corporation act. The company’s address: ajeltake road, ajeltake island, majuro, marshall islands MH96960. Email:

Liteforex investments limited does not provide service to residents of the EEA countries, USA, israel, and japan.

Forex broker with welcome bonus & no deposit bonus without verification?

Using forex broker with welcome bonus

Is it okay to sign up in forex broker with welcome bonus? Yes of course, but be careful though. Because some broker are just scam even they offer welcome bonus or no deposit bonus.

Take advantage of welcome bonus and no deposit bonus

So, what to do to take advantage to welcome bonuses or no deposit bonuses?

FOREX NO DEPOSIT BONUS

A forex no deposit bonus is “free money” that brokers offer new traders to encourage them to start trading forex on a live account. It’s given solely to new traders as a ‘welcome bonus’.

A no deposit bonus is regarded as a powerful leverage available to new traders and allows them to start trading forex almost instantly without an initial investment. It does come with rules and restrictions and new traders qualify for the bonus based on certain criteria.

Forex no deposit bonus is common practice in south africa, malaysia and indonesia but isn’t available to residents in the eurozone and united states. It incentivises new traders to switch over to a real forex live account from a demo account without massive financial risk.

This type of forex trading promotion is available to new traders who meet certain requirements to open a real forex account and the free money can only be used under certain trading conditions, as specified by the broker. Forex traders cannot withdraw the free bonus money that’s put into their account by the broker.

10 best forex no deposit bonuses in south africa ( updated 2021 )

What does a no deposit bonus entail?

The forex no deposit bonus means a new trader does not need to make a deposit to activate a real live account and in effect, gets ‘free money’ to begin trading. The bonus amount is usually small, ranging from $10 to $50.

The ‘welcome bonus’ encourages new traders to open a live account with a broker and place more trades in a short period of time, while limiting their risk of losing their own money at the start.

After providing your name and email address to a broker, a real live trading account is opened. Some brokers require documents such as utility bills, ID or proof of residence to verify a live account. Some open an account with a no deposit bonus without verification.

Thereafter, ‘free money’ in the form of a no deposit bonus is deposited into the account. How much you receive depends on the broker’s promotional offering. It can be as high as $50.

Who qualifies for a no deposit bonus?

The no deposit bonus is only offered to first-time forex traders who sign up and register an account with a broker who offers the promotion. If you’ve been given a no deposit bonus before by a broker, you are not entitled to it again.

Trading with a no deposit bonus

Once the deposit is in your account, you can start trading live and in real time on the forex market. Continuing on from trading through a demo account, a new trader can experience real live trading without risk until the bonus period ends. Mistakes made don’t cost the new trader money out of his or her pocket but it is a loss to the broker.

Why do brokers offer a no deposit bonus? Well, it’s part of a broker’s long-term relationship to build a client’s confidence and experience live trading on multiple financial instruments while minimising risk in the early days of trading. New traders are more inclined to trade more often with ‘free money’ and gain invaluable experience before making a deposit with their own money.

Why do brokers offer a no deposit bonus?

A no deposit bonus is also known as a ‘welcome bonus’ and is a popular method used by brokers to attract beginner traders and encourage them to trade multiple financial instruments using a real live account.

Most new traders begin their forex trading journey using a demo account. A no deposit bonus is the perfect incentive for beginners who want to practice trading forex with a real live account but are wary of using their own money.

New traders get the opportunity to actively engage in the forex market for a period of time and keep any profits made at the end. The no deposit bonus expires after 30 or 60 days, depending on the broker’s bonus conditions. This puts new traders under pressure to make full use of the ‘welcome bonus’ before it ceases to exist.

Restrictions on forex trading with a no deposit bonus

Having given you ‘free money’, the brokers are entitled to apply certain restrictions on trading with live account. They’re no onerous restrictions and are designed as much to protect you as themselves.

Brokers offering no deposit bonuses to first-time traders restrict their clients from opening orders with a large lot size. Typically, the maximum limit for a lot size is 0.01 lot.

The downside of a limit on the size of a lot is it makes it harder to make a profit.

Maximum active positions

Certain brokers who offer no deposit bonuses set a limit on the number of active positions that a new trader is allowed to open. This may include pending orders.

This limit does affect a trader’s trading strategy and can somewhat spoil the trading experience when a new trader cannot open more positions, particularly if he or she is using the trend-following method.

Limit on assets traded

Certain brokers who offer no deposit bonuses specify which trading currencies may be traded, particularly in a volatile market situation. Typically, new traders are restricted to the mainstream trading pairs and can’t trade on exotic pairs.

Time limit on no deposit bonus

A no deposit bonus usually has a time limit and will expire after a certain period of time. It’s important to find out what this time limit is because you need to get in as much trading time as possible with the ‘free money’ before you need to commit your own money.

Typically, the time limit on a no deposit bonus is between 30 to 60 days. The longer, the better so shop around for a broker who offers a ‘welcome bonus’ for a 60-day period. This gives you ample time to practices forex trading on a real live account.

Hedging is not allowed

As a general rule, hedging is not allowed when trading on an account with a no deposit bonus. Hedging involves having two trades open at the same time but in different directions.

Hedging is used in certain trading strategies and generally provides short-term relief for forex traders. Hedging helps to temporarily eliminate or minimise risk in the forex market.

Scalping is not allowed

As a general rule, scalping is not allowed when trading on an account with a no deposit bonus. Scalping is a popular trading strategy that allows traders to potentially earn small amounts of profit many times a day. The profit is usually between 5 to 10 pips.

Scalpers hold an open position for a very short time which is a good strategy to use in volatile market conditions. Many small pips can add up to a comfortable profit. The reason why brokers do not encourage scalping on a no deposit bonus account is because it can very quickly deplete the funds in the account.

Leverage is limited

Leverage is usually limited on an real live account with a no deposit bonus. Leverage is where a small amount of money is borrowed from the broker to trade a larger forex position. Leverage is key to trading forex.

When leverage is limited, it means a new trader cannot open a large position. It lowers the trading volume and increases the amount of trades a new forex broker must make to realise a decent profit, if only using the no deposit bonus amount in the account.

Expert advisors are not allowed

Expert advisors (eas) may not be used on a real live account that’s been set up with a no deposit bonus. Eas can be likened to robot trading, where forex trading is automated.

Eas are very useful for beginner forex traders because they simplify the trading process, which includes opening and closing a trade and analysing forex market conditions using indicators.

What happens to profits made trading with a no deposit bonus?

One would think that the brokers would take any profits made on a new account with a no deposit bonus, but here’s the good news; you pocket any profit made. Further proof that brokers are committed to supporting new traders on their forex trading journey as they switch from a demo account to a live account.

You are welcome to withdraw the profit you make but the idea is to reinvest it back into your account and continue trading. You’ll have had enough time to decide if you have an appetite for the risk involved in forex trading and can either continue to trade or you can withdraw the money and call it quits.

As a note of warning, some new forex traders find it difficult to withdraw profits from an account set up with a no deposit bonus. You may be asked to deposit a certain amount of money into the account before you can withdraw profits. The reason for this is simple; brokers want to encourage you to continue trading, not to give up and cash out.

Top 10 forex brokers in south africa : who offers a no deposit bonus

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Disclaimer

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. Forex trading involves a high degree of leverage which increases the risk associated with forex trading.

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