What’s a forex no deposit bonus you ask? Dealers offer free bonuses, using real money for new members who sign up for their services. These bonuses are totally free; however, they require the trader to do certain activities in order to withdraw them and receive them.
Whether or not the no deposit bonus can be withdrawn depends on the dealer. While some of the bonuses can be paid out, others cannot. On the other hand, any profit is almost always withdrawable.
Before you decide to sign up for a bonus we recommend that you take a look at the terms and conditions for the bonus, the requirements, withdraw policies, and any possible fees you may run into should your account become inactive.
Why FX Bonuses are Offered
There’s no denying that trading in the FX market is exciting, and if you know what you’re doing then you can even make some serious cash over time. However, playing in this market isn’t quite as easy as many of the bigger firms would have you believe. In fact, most newbies are hesitant to give the market a shot because there is so much research required in order to make a profit or execute smart trades.
If you’re interested in learning more about FX and how trades are made, how free forex signals are used, and the type of profits you can expect, a no deposit bonus account may be the best option.
You’re probably wondering why some dealers offer these bonuses in the first place. Simply, they’re a great way to encourage new traders to start trading using a particular dealer.
One of the best things about FX trading is the fact that pretty much anyone can trade from anywhere, anytime they choose. On the internet, FX has received complete exposure, making it available to any newbie out there. All you need to have in order to trade is a computer and a connection to the internet. These no deposit bonuses have taken FX trading to the next level.
While banks tend to lead in trades and transactions per cash volume, the rest comes from individual investors, traders, and the newbie investor. For every FX firm out there, new investors are considered the most important asset. In order to keep them curious and interested dealers have come up with these no deposit bonuses that don’t typically require verification accounts.
Trading firms have flooded the internet, attempting to lure or attract new investors who are curious about getting into the FX market. While it’s a fact that these types of trades can garner more than a hundred percent return on investments on a regular basis, the big catch is that the trader needs to know how to trade properly. This is something that’s impossible for the newbie to do because navigating the market requires expertise and know-how, which is something that a pro acquires over time and with plenty of experience. So, for the newbie, these bonuses are often the best way to get their feet wet and learn more about the business end of things.
Account Requirements
An investor who signs up for a trading account that offers this type of bonus will definitely enjoy some benefits. And while these types of accounts aren’t exactly designed for long-term trading, they can be the perfect fit for the newbie who’s dying to learn more about how the market works and to see if FX trading really can offer the types of profit percentages they’ve heard about.
So, here are some of the basics for this type of trading account:
• You don’t have to make a deposit to open this type of account. All you have to do is sign up, sync the account to a bank account and use it to get the bonus.
• These accounts already have cash in them for the investor to use. The reason behind these accounts is to give the beginner a taste of what the market has to offer. These bonuses can consist of anywhere from five dollars to a hundred dollars.
• There’s no verification required for this type of account.
• Basically, a no deposit bonus that doesn’t require verification is a fast solution that’s risk-free.
Claiming a No Deposit Bonuses
To claim a no deposit bonus, choose the best bonus offer you can find, and register at the site of your choosing. Some firms may require you to verify your identity over the phone. You can also choose to make a deposit to earn a larger bonus. Once your account is approved you can begin trading with your sign up bonus.
This bonus will give you real money to make your first trade and will allow you to withdraw your profits.
Typically, these bonuses are only offered to new investors who have never made deposits before. Before the trader can make a withdrawal, they usually have a trade minimum, the number of which can vary from firm to firm. To make a withdrawal the trader may also need to reach a max amount of profits if they haven’t deposited any of their own money into the account.
You can best use your bonus to add to a position you’d normally take anyway, which will work to increase your margin as well as your chance of profiting from a trade. However, most traders will use the bonus as an opportunity to try out the forex market.
Final Thoughts on the No Deposit Bonus
While most firms offer these bonuses to new investors, some brokers may offer them to existing accounts as well, in the form of a deposit bonus, which awards traders with a small sum for each deposit they make or once they have deposited a certain amount. Both types of bonuses offer the new and seasoned trader every reason to work the market and learn more about the real profits they can expect if they decide to trade larger sums. The forex no deposit bonus is a no risk way to gain a little experience in one of the fastest growing markets in the world.
