In this section we have selected the most reliable brokers offering the best bonus promotions. Whether this is a deposit bonus or a no deposit bonus, it is important to compare what forex brokers have to offer. Generally, it is a good idea to start first with a no deposit bonus in order to test the services of the broker and most importantly the execution of transactions. Furthermore, it is of great essence to check how well the support team of the particular firm is handling your questions and requests. This is,in essence, the first step towards find a good and reliable broker according to your specific trading needs and desires.
How to receive a no-deposit bonus
Usually a bonus without the need to deposit is being given to new clients registering their very first account with a forex broker. Please keep in mind that this is a one time bonus. One of the main brokers’ conditions is the verification of the trading account after registering. For that you will be required to send a proof of identity ( A color copy of valid passport or other official identification document issued by authorities (e.g. driver’s license, identity card, etc) and a proof of residence (A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connection, bank account statement).
Can I withdraw the bonus?
Obviously, no forex broker would allow you to simply withdraw the bonus without fulfilling certain conditions. In most cases traders should trade a certain volume in order to be able to withdraw. The amount you can get is usually only the profits that were made from trading with the bonus. On the other hand, there are also brokers that will allow the bonus to be withdraw given a certain volume has been traded. Furthermore, it is important to mention that most brokers would state a specific time frame during which you would be able to use the bonus (in most cases it is about a month or two).
What do you need to know regarding no-deposit bonuses?
Nowadays, it is becoming increasing popular for brokers to offer forex no-deposit bonus. The popularity of such kind of promotion can be explained by the fact that there is a big amount of people without any experience or finances to try forex trading. It is a great opportunity for all future traders to experience real-life trading without the need to deposit even a dime.
Particularly interested in these kind of bonuses are beginners . After all, this is free money into a real account, from which you can start immediately trading. Of course, such “freebie” is justified for brokerage firms as well. On the one hand, this is similar to an interest-free loan, which is subject to certain conditions for the forex trader. On the other hand, you can not take it and just withdraw it from the account. Brokers are people too, and not altruists. All their actions are dictated by the principles of maximum profitability and the need for expansion. Therefore, providing no deposit bonus to its clients, the brokerage company is relying on the increased activity on the part of newly attracted traders and the possibility to generate more profits from the potential deposits and transactions volume.
I would like to go back to the essence of the subject – what is the meaning of the no deposit bonuses in Forex and why do we need it. First of all, it is a priceless opportunity for all wishing to try their luck in the foreign exchange market without the use of their own capital. In the event of a successful outcome, you have generated profits without actually using your personal funds. In any case you have nothing to lose. Even if you lose the no deposit bonus you do not owe anything to the company. It is a zero risk opportunity, giving a chance to everyone to try their luck at the broker’s expense. Even if you are a skeptical person in respect to any sales, discounts or promotions, there is nothing to complain about these kind of bonuses. It will be nice if you open several of these no deposit accounts with different brokers, where you can try using different strategies, and see the real picture of being a real-life trader.
How to get a deposit bonus
Deposit bonuses are usually offered by almost all forex broker. Such bonuses may vary from 20% up to 200% in some cases. They are usually automatic and you are receiving them immediately after you have funded your account. It is important to also check the terms and conditions in relation to the bonus usage as different brokers may offer different terms.
In any case, the forex deposit bonus can only be beneficial to your trading as it allows you to open bigger transactions and this generate higher profits. Apart from that, it also gives you the possibility to keep your positions opened for a longer period of time which would definitely help in your trading.
We have selected only the most honest and reliable brokers that offer the best deals to their traders. Feel free to compare them and select the most suitable bonus and broker for you. In case you are in doubt, do not hesitate to contact us.
|$30 FREE 100%||CLAIM NOW||READ MORE|
|$ 25 FREE Up to $10k||CLAIM NOW||READ MORE|
|$20 FREE 60%||CLAIM NOW||READ MORE|
|$50 FREE||CLAIM NOW||READ MORE|
|$25 FREE 50%||CLAIM NOW||READ MORE|
|$123 FREE 100%||CLAIM NOW||READ MORE|
|$100 FREE 55%||CLAIM NOW||READ MORE|
|100%||CLAIM NOW||READ MORE|
|25$ No-deposit Bonus||CLAIM NOW||READ MORE|
Important: Your Capital is at risk. T&Cs apply for all bonus promotions