Forex no deposit bonus

Forex no deposit bonus

Making money in forex trading is pretty easy. You trade some currencies at a certain price, and later you trade them again at a better price. It literally only takes a minute to open an account at a broker like Markets.com, and just a few mouse clicks later you could be making a big score.

But of course, that's the theoretic side of it all. The reality is that, even though the basics of how you can make money in forex are pretty simple, you are dealing with an extremely large market. And that means that there are many different things you'll have to learn to understand.

With practice and time, we are sure you will improve, but before you get to the point where you are comfortably and steadily raking in a profit with currency trading, you are going to need all the help you can get.
And when we say help, we mean cash.

Since you are into forex trading, you probably know that money makes the world go round. To make a profit at the foreign currency exchange market, you'll need to have money first. But what if you don't want to spend any money? Or - we hope that this is not the case - what if you don't have any money?

Well then you should look for a forex no deposit bonus.

What is a forex no deposit bonus?

To put it simple, the forex no deposit bonus is a bunch of free money that you get to use for currency trading.
Who in their right mind, you might think, is just going to give away money just like that?

The answer: forex brokers.

As you may have already read elsewhere on this website, an online forex broker is the individual's, or retail trader's access point to the foreign currency exchange market. Through a broker, you can make currency swaps worth anything from a few bucks, to a couple of million dollars. If you're at all serious about forex trading, or even if you're only remotely curious, you should have an account at a forex broker.
And when you do, you might be able to get a forex no deposit bonus.

Usually you open the account, and then you will get your free money to trade with. Sometimes the money is credited immediately, but its also possible, for instance, that you will have to fill out your profile first. In any case, you won't have to pay anything, or make any deposit, in order to receive your no deposit bonus.

What's the catch?

A fair question. The only real catch we can think of, is that there are some limitations for withdrawing this money. Of course, the brokers don't just hand you this money out of the goodness of their heart. They want to get something back for it, and that something is that you start trading. So to make sure you do, you'll have to 'trade the money around' a few times.
Every time you make a currency trade, you'll collect some bonus points. Once you've collected enough of those points, you'll have cleared the bonus, meaning you are free to withdraw it if you choose to, along with any profits you might have made.

How many points you need to collect exactly depends on the broker, and which specific bonus you choose. Whenever there's a no deposit bonus, there will be a page with information and requirements for it on the broker's website.

Where can I get a forex no deposit bonus?

You can get a forex no deposit bonus at many places. There are quite a few online brokers (click here for an overview), and many of them offer some kind of reward like this. We feel that it's good to open accounts at several of those brokers. After all, you'll get more bonus money that way.

But at the same time, don't overdo it. Often, one of the requirements for the forex no deposit bonus is time. You get a limited amount of days, in which you'll have to collect your bonus points. If you open up a ton of accounts, you won't be able to clear them all in time. Especially not as a beginner, when you aren't trading huge amounts of currency yet. So try to take them on just one or two at a time for starters.

Plus500 trading software
Plus500 trading software
(Click to enlarge)

Another thing to keep in mind, is that a broker is more than just a company that hands out your bonus. If you are going to trade somewhere, you want to have a good product too, and preferably some extra features that make this particular broker stand out.

An excellent broker that also has a good no deposit bonus is Plus500. This broker offers one of the best forex trading platforms for beginners. From the main screen in their easy to manage software, you'll have instant access to all of your trading activities.
Plus500 offers new members a €25 no deposit bonus, which you can receive by following a few simple steps:

  • Download the Plus500 software by following this link.

  • Open a real money account, and make sure to enter your full details.

  • Select the option to validate your phone number. If you choose to validate through text message, you'll receive a three-digit code. There will be a box to enter the code in your Plus500 account.

  • After this, the €25 bonus will be credited instantly to your account!

The bonus is valid for three months. If you manage to earn 60 TPoints within this time, you'll be able to withdraw the money. Of course, you can also keep it in your account to continue trading.
Opening an account at Plus500 is completely free, so it won't cost you anything to collect this bonus. If you happen to run out of your bonus money, this site also offers an unlimited demo account, which you can use to further hone your forex trading skills.

Keep in mind that your capital may be at risk.



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