No deposit bonus is probably one of the best-known and most successful bonuses on the market. But as much popular, as it can be, it also is a little risky. The important thing is that you should be sure that the no deposit bonus Forex brokers that you are looking at are trustworthy ones, and not all of them are as safe as others on the market.
Mostly, no deposit bonus is used by beginners, who don’t really know much about the market. If you are one of those and don’t know where you should start looking, we have great news for you. While we were working on this guide, we decided to do research on the best FX brokers offering no deposit bonus, and finally, we were able to come up with the list of best broker bonus offers that you can see below. Take a look at our list and start trading with some of the best Forex brokers on the market today.
What is no deposit bonus?
No deposit Forex bonus is a perfect offering for beginners to start trading without risking their own funds. Some of the best Forex brokers on the market offer this opportunity to investors around the world. The only thing that traders need to do to use this bonus is to register with an online Forex broker and that’s it, they will get the no deposit bonus.
Forex brokers with no deposit bonus options use this strategy to attract more investors on their market and help potential clients make their final decision. It basically is an offer of ‘free money’ that mostly can not be withdrawn from the trading account but rather trader for future profit.
However, not all of the traders on the market use the no deposit bonus for the same reason. Some of the most experienced Forex traders use this no deposit bonus as a way to learn more about the Forex broker that they are planning to trade with, and it is a very smart thing to do. If you are not sure whether or not a certain broker is the right choice for you, try using their Forex promotions to check out everything about the broker on your own.
In the end, there are no rules on what you use the Forex no deposit bonus for, so it is up to you what you do with this promotion. However, be sure to always use the most respected FX brokers on the market for maximum safety, try to go with the ones that have a reputation of offering a safe and secure trading experience to Forex traders around the world, as those are the ones that usually offer the most beneficial welcome bonus forex packages out there.
What are the top things to keep in mind while choosing an FX broker for no deposit bonus?
Although no deposit bonus is very rewarding, there are a lot of things that you need to know before you choose which FX broker to use. There are a lot of companies that use no deposit way as a way to get more clients, and once the investors come, these companies are violating their rights. So, before you do anything, be sure to carefully read the terms and conditions of the no deposit bonus so that you won’t get lied to.
Before you start trading, in general, you need to be sure that you are trusting the right company. The best thing to tell how safe it is to trade with a broker is to look up for the regulatory frameworks and guidelines that the company follows. Many people might tell you that regulations are not important at all, but don’t listen to them. The thing is, FX trading is very risky, and since there are so many companies claiming to be FX brokers, it is very hard to say which one of those no deposit bonus brokers you can trust.
Regulations are the way for you to tell which company you can trust or not. So, before you start trading, be sure that the broker that you have chosen is authorized by the official regulatory body. There are many of them on the market, including those like FCA of the UK, CySEC of Cyprus, ASIC of Australia, and many others.
Also, keep in mind that if you are from Europe, you will not be able to use this promotion. Generally, according to the local regulations in Europe, Forex brokers are not allowed to offer promotions and bonuses to investors, and thus there are no Forex deposit bonus options available to European investors.
Payment methods are the thing that gives you the ability to put your money on your trading account for investment. Make sure that the broker allows you to make payments with different methods so that you can choose your favorite one. In addition, it is very important to check out if the broker will allow you to withdraw the money that you will get with no deposit bonus, as there are some brokers who only offer no deposit Forex bonus options that are non-withdrawable.
The background of the broker
Finally, always make sure that the broker of your choice has a successful Forex trading background. Check for the problems and challenges that it has had in the past and how the broker was able to overcome those challenges to make sure that you can stay safe.
Always be sure that you are staying as safe as possible while trading Forex. Because the field is already very risky, you do not really want to trade with brokers that can not keep your funds safe and secure.
Also, do check our FBS 100 Trade no deposit bonus.