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Tuesday, January 1, 2013

FOREX NO DEPOSIT

What exactly is a FREE no deposit bonus?

A vigorous competition for new clients among Forex brokers has created a new trend - No-deposit Forex bonuses, which is certainly going to benefit many novice investors.

How cool is that?! It is, in fact, a real value deal:A so called "No-Deposit Bonus" is a totally free, broker sponsored funding of trader's new live Forex account.
All you have to do is fill in an application for opening a live trading account with a broker, and your new Forex account will be credited with real USD - the bonus money to start trading in the real market immediately. No deposit is required on your side!

- you get to try out broker's platform

- you get to test your trading skills & get some experience

- you can make money on top or, if it goes wrong - lose nothing

However, there are also few other facts to know about No Deposit Bonuses:
- while the profits you make in trading are withdrawable, the bonus money itself, as a rule, can't be withdrawn without meeting certain conditions (trading volume, further account funding etc.).

- No deposit bonuses are known to be quite small, around $25-50, which is good for a micro account. Traders should understand that their trading experience on a micro level might significantly differ from trading with a larger portfolio due to higher financial risks involved. Proper money management of each: micro, mini and standard accounts require additional experience.

It's NOT a no-deposit bonus, when:

- In order to start trading with free bonus money you're asked to deposit own money;

- When profits made during trading are not withdrawable. To be able to withdraw the bonus money itself, you can be asked to meet certain conditions (trading volume, further account funding etc.), but this should not be the case, when you wan to withdraw profits only.


Notes: For Newbie’s, before trade with live account,please familiarize yourself in Forex Trading using DEMO ACCOUNT



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List of Brokers with No-deposit bonuses




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      Dec 31, 2013  *added on 28 Jun 2013



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