Time and again people who decide to try themselves at Forex think whether it is possible to start making money in the foreign exchange market without investments. After all, 80% of novice traders lose 100% of their first 2-3 deposits because they lack trading prudence, basic experience, knowledge, and/or a good strategy.
A no-deposit Forex bonus is the best solution. Almost all brokers offer some form of it, and it may have different names depending on the broker. Bonuses also differ in type, conditions, and size, but the bottom line is the same. For instance, a broker provides the trader with start-up funds for free. This is usually a small amount in the range of $5-10. Although new no-deposit Forex bonuses can sometimes reach $1,000 and even exceed that amount!
No deposit bonuses benefits
No deposit Forex bonus is a strong tool that assists the broker to attract new clients. Therefore, it’s beneficial for everybody. With the right approach, trader can use this bonus to trigger his further trading activity.
The main advantages are obvious:
1.Forex trading without deposits;
2.chance to test yourself in trading;
3.chance to try out trading strategy;
4.real opportunity to earn.
No deposit Forex bonus types:
There are several types of no deposit Forex bonuses:
1. Sign-up bonus. The bonus funds are credited to the new clients, and the risks are equal to zero. To get reward a trader should only sign up.
2. Welcome-bonus. To get these bonus funds a client should verify personal data.
3. Conditional no deposit bonus. It’s the most common bonus type.
The no-deposit Forex bonus happens to be very handy as the trader immediately uses it to test the broker’s platform, etc. It is a win-win situation. That is one reason why in 2021 more and more brokers are offering increasingly attractive no-deposit bonuses. For more tips and information visit here.https://tradersunion.com/promotions/no-deposit-bonuses/