Forex No Deposit Bonus is an aggressive ways for the brokers to attract customers. Usually brokerage houses offer a relatively small amount of real money to open an account with them and the profit and/or initial balance can be taken out upon trading a certain volume.
Brokers make such generous offers so you can check:
- live spreads
- speed of execution
- other trading conditions
Some brokers exchange No Deposit Bonus for an SMS verified phone or uploaded documents. Sometimes this bonus is not withdraw-able and only the profit is. In other cases you need to complete a certain volume before you can withdraw any profit or initial balance.
Read below to find out what is No Deposit Forex Bonus and how to cash it out!
What to Do When Participating in No Deposit Forex Bonus Campaign?
There are a few things to keep in mind. Brokers regard No Deposit Bonus as a way to get you into trading with them and the withdrawal for your account is a direct loss for the broker. This is why some brokers could make your life easy when making profit or when withdrawing.
This is why we have made a checklist of items you need to do before participating.
1. Check the No Deposit Bonus Terms and Conditions
This may not sound smart to you, but this is vital. Read the terms precisely and in case you do not understand something, ask us for help or contact your account manager. Best to use email as you would have a communication record.
2. Get an Acknowledgement of the Bonus Terms
Even if you totally understand the terms, mail the terms as a text (not as a link to the page) to your account manager and ask him to confirm them. In some cases, broker may change the trading volume or other terms without letting you know. This way you will be protected.
3. Trade When It Makes Sense
Trading forex can be profitable, however sometimes we go for too little. No Deposit Bonus is a great way to try trading out and see if it is suitable for you. It can also provide you with a little money gift generated without a deposit. However, do value your time. If it takes you 40 hours to withdraw 50 USD, then better learn to trade forex and think of depositing using one of the best forex bonus. If you see that you are making profit with no deposit bonus, start thinking of real trading.
How to get forex no deposit bonus tips?
Selecting a proper broker for no deposit bonus is not so easy. There are brokers that will trick you or simply provide a bad deal. The good news are that…
…This job is done for you. Check brokers offering no deposit forex bonus.
Top Forex Brokers suggest you opening an account with XM to get 30 USD accounts.