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|Latest forex strategies||Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore. To survive in the ever-changing environment, forex brokers need to be resilient and creative. It is popular among the traders because it has the potential to catch a lot of pips in the shortest time. It makes sense, of course, since that is the purpose of the entire forex bonus. The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop out level.|
|Forex bonus with no deposit||If there are alarming comments online yet no representative is handling the issue, then it should be avoided at all costs. Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and losing the other one. Validity Date : In this guide, you will find out exactly how can you utilize this type of forex bonus even in The profits gained are available for cash out with a bunch of conditions. Often we are able to get exclusive deals from reliable forex brokers.|
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Email verification is the simplest form of verification. All it takes is only to click on the link sent to your inbox. Phone verification is also easy. The forex broker will either send you a code via SMS or voice call. It can be done within 10 seconds. Proof of identity requires you to submit a color scanned identification document.
Generally, you can submit either a passport, a national ID, or a driving license ID card. The commonly required documents are utility bills, bank account statements, a national ID with an address on it, and anything that can prove your residential address. Forex brokers are very strict when it comes to this topic. Besides the verification, they also restrict the bonus to new traders only. It makes sense, of course, since that is the purpose of the entire forex bonus.
If you have claimed a no deposit bonus before from the same broker, you are not eligible to claim the same type of bonus. Not only that, your close relatives, but your housemates who share the same residential address and the same IP address also are not allowed to sign up for the free bonus. Before you apply for any no deposit bonus, it would be great to know whether your housemate has already done so. After you have claimed the bonus, it is time to trade. Since you are given a free bonus to trade, you are automatically restricted to certain rules and regulations in the trading.
This refers to the lot size of the order. Some brokers restrict their traders from opening orders with big lot size. As a trader, trading with a small lot size can be disheartening because, at the same time, traders need to fulfill a certain trading volume to be eligible to withdraw profit.
It is a strategy of forex brokers to stay active with the brokerage. Disclaimer: Ahmad is a fictional character for the illustration of the no deposit bonus examples. Ahmad acquired no deposit bonus from broker XYZ. To be eligible for profit withdrawal, Ahmad is required to trade 5 lots. But he is only allowed to open every position with 0. How many positions should Ahmad open to fulfill that 5 lots requirement?
To make the trading even more painful, some brokers limit their clients from having a lot of simultaneous active positions. Depending on the strategies, the limitation of active positions can harm certain trading techniques. If a trader is trading based on the trend following method, then he cannot open more positions at a different price to earn maximum profit.
Trading assets or currency pairs are a vital part of forex trading. We can utilize the volatility of the markets to make a profit. The limitation of the trading asset means that we will have fewer currency instruments to choose from. Hence it badly restricts the opportunity to trade when we spot a good entry setup for a particular currency pair. The main purpose of no deposit bonus is to allow clients to feel how it is when trading with the broker in live market conditions.
A short bonus validity means that clients might not have enough time to truly engage with the account. On the other hand, if given enough time, clients could even have the chance to trade in different market conditions. A good period of testing a live trading account should be 30 days or more. It will give ample time to the clients to fully understand what real trading is all about.
After all, no deposit bonus is designed for the new traders to have a taste of how forex trading works. A few moments later, he opened a sell order at 1. Having an active long position buy order and an active short position sell order means Ahmad is hedging the market. Conclusion: Without hedging being permitted, traders will have difficulty trading in both different directions simultaneously.
Scalping is a method that traders use to earn a small profit usually pips multiple times in a day. Usually, traders use this method during high market volatility such as during the release of economic data and news. It is popular among the traders because it has the potential to catch a lot of pips in the shortest time. Of course, it is also a way to empty the account very fast. For every open position, you will have to pay some spread cost. It must be used wisely if you do not want to suffer a margin call.
Conclusion: Since it is a popular method among traders, limiting the use of it will certainly cause trouble to traders. Ahmad is given the leverage of in his forex account. This is why it is called leverage. It gives us the flexibility to trade more even though we do not have big capital. Limiting leverage can cause a very bad trading experience for the traders.
They cannot open a bigger position that they desire. It also lowers down the trading volume, hence it will take a bigger number of trades to fulfill the withdrawal requirement. This includes opening and closing a trade, generating a tradable signal, analyzing market conditions using indicators, etc. Undoubtedly, robot trading is interesting to anyone who does not have prior experience in forex trading.
It is hands-free and hassle-free. Once it is set up, EA will handle the trading from the very start. Limiting the usage of EA is like limiting the usage of an elevator — instead of pressing a button to get you to the top of the building, you are asked to walk the stairs. Conclusion: This is downgrading the advancement of forex technology. Hence, it is not a choice if you are an EA lover. But experiences tell us that it is not that easy to withdraw the profit you made from a free bonus.
To make your life easier and to serve as a foundation for Penguin Meter, we have come out with an extensive list of the eligibility of profit withdrawal. Most of the forex brokers set the trading volume as the parameter of whether a trader is eligible for withdrawal.
The main reason for doing that is to encourage traders to trade more. Some of the forex brokers even set the trading volume threshold to lots. This scenario is almost like a mission impossible. But this also correlates with the maximum lot size permitted per trade and the maximum leverage allowed. In example 1, the permitted lot size was 0. In this situation, even a trading volume of 5 lots is too much.
An active trading day simply means that there is at least one open and closed position for the day. Ahmad opened a position on day 1, but he does not close any position on that day. Instead, he closed it on day 3. What is the active trading day of Ahmad?
The answer is only 1 day. It is on day 3 that he had one open position and one closed position. Based on the example above, to achieve an active trading day, we need to close at least one position a day Of course you cannot close a position without first opening it.
This requirement forces the traders to trade more; sometimes out of the compulsion of fulfilling the active day requirement. Conclusion: Traders need to be super active in trading to fulfill active trading days. It is not a pleasant idea to have. But when it comes to the profit withdrawal step, you are suddenly required to deposit a certain amount of money to be eligible for the profit withdrawal.
The purpose of the forex brokers is very clear. They want you to stay with them and trade with them. As we told you at the beginning of this guide, the main reason for the no deposit bonus is to entice you to trade in the forex market. Conclusion: If a no deposit bonus needs a deposit at the end, why is it called no deposit bonus in the first place? It is not uncommon for non-deposit bonus brokers to complain about bonus abuse by their clients.
As we work closely with most of the forex brokers listed on Forex Penguin, we have the first insight into what is really going on behind the scenes. These abusive strategies have often discouraged a good forex broker from offering its first-time clients the trading incentive in the form of no deposit bonus. In this section, all information is written for educational purposes and it is not to be repeated. We also hope that through this guide, we can help honest forex brokers to find some alternative ways to combat the abuser.
Hence, the no deposit bonus promotion can continue and bring benefits to genuine first-time traders. Forex no deposit bonus is clearly a popular way for new traders to start learning forex while not using their own money. It also attracts some syndicates to pocket this golden opportunity.
Since most of the forex brokers are aware of the multiple bonus sign up abuse, they have strict rules to go against it. Unfortunately, for every rule, there will be creative ways to break it. We received reports that especially in the poorer countries, there are people who collect or buy KYC documents in bulk.
The documents include scanned copies of international passports, national id cards, government-issued driving licenses, household utility bills, bank statements, and more. Depending on the market conditions, some of these bonuses could generate profits and some will lose. The abuser then can withdraw the profits and move on to the next brokers who offer new bonuses. Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore.
Hedging in general means having two open positions simultaneously in the opposite direction. This creates a zero-sum game, in which there will be no loss in total. Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and losing the other one.
Since the bonus is given by the broker, the account on the losing side has no monetary impact on the account holder. The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop out level. This method is banned by the forex brokers because it is deemed cheating and clearly violates the sole purpose of the no deposit bonus, which is to give the opportunity to the new clients to try out the forex broker without their own deposit.
To survive in the ever-changing environment, forex brokers need to be resilient and creative. To combat the abusive bonus hoarders, some forex brokers have introduced a set of more stringent rules and regulations. We summarize these carefully designed restrictions in the following section along with the explanation. Most of the forex brokers will not grant any no deposit bonus if there is an existing IP in the subnet that has already received the bonus.
This is a simplified filter to discourage the same person from creating new accounts. Often, we encounter forex brokers who do not allow the members from the same family to receive a no deposit bonus. Some of the countries are not on the list of recipients. This is due to the high fraud activities in that country. To simplify matters, the whole nation is barred from receiving the bonus. In the event of impersonation, the old KYC documents are not valid anymore for the identity and residential address verification.
This can discourage the abusers from creating new accounts because they have to constantly recollect or rebuy the newly updated KYC documents. It has become a trend that a small deposit is required to receive a no deposit bonus. This can separate the genuine traders from fraud ones. The downside of this restriction is that it might discourage the real trader from even signing up with the broker.
It is crucial to know that abusing the privilege of no deposit bonus cannot make one rich and there is no point to cheat when we can earn from forex by educating ourselves better. Remember to check all available brokers online and in your area, and evaluate them individually before you get started.
Non deposit bonuses allow you to start trading on forex without deposit of your own money or, in other words, without investment. After registration and opening real trading account, your forex broker gives free bonus money to your account balance. So, with this free capital, you may start your trading immediately. Even if you will lose such bonus money then you will get valuable experience of trading on real money investing no money.
By the way, free forex bonuses could be useful to estimate if you will be successful in forex trading and if you should invest your own big money in this business. I knew some people that started their career in forex trading with free real money from such type of bonuses. Well, here is a full latest list of brokers which give free no deposit forex money in Profit can be withdrawn from the bonus account without any deposit.
Then input the coupon code into the required field. Then you should choose your trading account where bonus funds will be credited to. As always, the bonus sum can not be withdrawn, but all profits will be yours. This deposit-free bonus can not be withdrawn, you can only withdraw all profit that you will earn from trading with this free capital.
So, some information about how to register at Fxopen and get this free money: 1. There you should open a new account and open Fxopen Ewallet. Now you need to open the STP account, which is used for trading with this money from Fxopen. To withdraw the trading profit, you will have to execute 2 conditions. Firstly, you should achieve with this free capital at least 2 lots of turnover. The second, you should verify you own data by sending all necessary scan copies of your docs.
To get this Fixed Welcome Bonus to your trading account you should: 1. Open live trading account at broker site 2. Verify your account in your Client Cabinet. After verification, you should follow the link in the menu to activate your Fixed Welcome Bonus. This bonus money cannot be withdrawn, but all profit withdrawal is allowed without any restrictions. Popular broker XM. So, to get this bonus you should: 1.
Go to the XM site and open there real account 2. Login to your member area at the broker site 3. Upload necessary identification documents to verify your account data 4. Wait for the message about successful verification 5. Complete SMS verification procedure, using your mobile 7. Bonus will be automatically credited to your account 8.
Trade and earn profit Important moment: you will have 30 days after opening the account for claiming this XM bonus. All you need to get this free money to your account: — Open a Live Account at broker site — Verify yourself. You should upload a color scan of the front and backside of your passport. And you should upload as a proof of your residence the scanned copy of the most recent billing water, electricity, gas or telephone bills, bank statement, any letter issued from a recognized public authority.
Broker Freshforex offers for new clients attractive bonus promo without verification of personal data. You will get 7 days for using this bonus. Traders will be allowed to withdraw the profit. If you have any questions about this promo then you may write to bonus freshforex. Not very well-known among traders, broker Forex Chief also has in his line of promotional offers the chance for new clients to receive to trading account dollars as deposit-free capital.
Forexchief has set the demand of successful verification for getting bonus and cashing out. By the way, you may withdraw also your trading profit. So, here is a quick manual about registration at Forex Chief and getting free money: 1. Go to the official site of Forex Chief and fill out a special form.
Confirm your registration email. Login to your personal area at the official site and open a trading account MT4. DirectFX, MT4. DirectFX or MT5. Complete the verification procedure inside of the application. Start your trading. What should you do with this bonus on binary options? Besides forex you may bet on indices leading market indices, including those from the U.
This promo will be actual not too long time. Hurry up! To verify yourself you should upload a scanned copy of your passport or another national id. Besides docs, you should verify your mobile number. After end date the bonus will be deducted, all open positions will be closed. All profit from this Welcome bonus account will be transferred to the real Standard account. Then you should activate your bonus.
For this you should return again to instaforex via this activation link and send bonus request from that page. After all you will get an activation code to your mobile, you have to insert it in the next form. Well, wait when the organizer will accept you in facebook InstaForex group, send him a private message with your InstaForex account number for receiving free bonus money. He transfers it during one day.
So, try it! You may receive from them free 30 USD as welcome bonus. Good bonus and a good offer. Because Tickmill is a very reliable company. Besides this, they is also regulated by the FSA of Seychelles. You will get from them spreads from 0. All their services was built at top level quality. Scroll the promo pager till the special registration form.
Input name, surname, e-mail, date of birth, choose your country, account type and leverage. Some important notes about this bonus offer: — You have 90 days for using these free money in your trading — You may withdraw only your trading profit. You have 30 days when 90 days passed for claiming your earned profit. Good luck! This bonus offer is not valid from the 01 of October, Broker gives this money for start of trading on Forex without a deposit. This bonus can not be withdrawn, but you may withdraw the part of your trading earnings.
The promo has unique format, which consists of 5 stages. After fulfilling the conditions of first stage, the trader can go to the second stage. For each stage, the broker sets special conditions which you are required to finish to move to the next level. If you are interested in such forex no deposit capital, then: — go to the official Fxstart site.
Esplanade Market announced this new no deposit bonus in for newly registered forex traders. These 50 USD are not available for withdrawal, but traders may withdraw the trading profit. To get this free forex bonus you should do next: — go to the Esplanade Market Solutions official website.
Now, you have to pass your account verification to receive a no deposit bonus. After that, you should send via email the request of Welcome Bonus to bonus esplanade-ms. Do not forget, you should send the letter from your registration email. In the text of the letter, you have to write the number of your trading account at Esplanade Market Solutions. As you can see, except for the account verification, there is nothing difficult in receiving this bonus. How to get and withdraw this free money from FXOptimax: — Register the account.
It should be your first time registration at this broker. By the way, they verified my docs during 15 minutes! To get Agea former Marketiva broker nodeposit forex bonus you should register and open a trading account. After you need to download and launch trading platform of Agea. Main condition is usual. You may withdraw only your profit.
What do you need to get this free money for binary options? Some steps only: — open the account at MarketsWorld; — claim the bonus money via inputting promo code NDB10 in the coupon box; — bonus money must be traded at least 50 times to become available for withdrawing. After that you may withdraw bonus and profit. What should you do to get free money for forex from Adamant Finance: : — click on the banner below and go to the official site.
Fill in the registration form, input name and surname, your country, e-mail, mobile phone and password. To verify your account at Adamant Finance, you need to make your photo with your ID passport, driver licence in your hand and upload it to the site. Broker will transfer free 50 USD to your Welcome account. You may use them for trading during 30 days. During this time you should trade at least 6 lots and not less than transactions.
If you will finish this condition, than you may request your trading earnings for withdrawal. How to get it: — you should become a new client of this broker. If you complete the necessary volume of trades during 60 days, then you may withdraw the money and all profit. By the way, it is a very reliable broker. Maybe, you know that this is a trading name of Forex broker Limited. It is a member firm of the London Stock Exchange and was established in the 20th century.
So, good luck! Former name of FortFS was Tradefort. Please, receive SMS confirmation code to your mobile phone and upload copies of documents proving your identity. So, if you have not pressed it within first 10 days after registration, then you will not be able to get this no deposit bonus in the future. For receiving the Hirose bonus amount to your account you should pass some important stages: 1. As always, you need to open a binary account at Hirose UK.
It is the first part of the Hirose bonus. It is the second part of the Hirose bonus. After completing these conditions you will be able to withdraw your bonus, your profits, and your deposit. This promo campaign is restricted to people from Indonesia and China. During this attractive promo they give you good chance to withdraw all your profits and the bonus sum.
Read, what you should do to get this free money: — Click below on the Z. The support of Z. By the way, this bonus may be withdrawn only when you will trade not less than lots. But, you may withdraw your profits any time you need. Be attentive, if you will try to request the withdrawal of your profits before lots will be traded, then your bonus amount will be immediately deducted from the balance of your trading account.
One moment else. You will get 3 calendar months for reaching volume of trading lots. IndigoDMA gives you 50 dollars and you get 3 months to use these money in your investments. Bonus funds from IndigoDMA can not be withdrawn. You may withdraw only your profit made from investments in public accounts.
I think, that everyone need to try this offer from Indigodma! Potential earnings from such investing may reach 40 percent in a week. Conditions of PrivateFX investment bonus are the following: — register at the Privatefx site, verify your mobile phone and email. Or you may use it for trading at Privatefx. Good action, as it seems me. Use it! For supporting your trading Robooption gives you 30 USD welcome bonus.
But this offer will be valid only till the end of So, hurry up! Besides docs, you should verify your mobile number via SMS. You should enter the activation code in the bonus module of your members area. After this step, the welcome bonus will be transferred to your balance account and you may start binary trading. After last day the bonus will be deducted, all open positions will be closed. To receive this money you should pay attention to next conditions: — Your trading account must be fully approved.
The trading volume should be achieved within 30 days after crediting bonus to your account. By the way, do not hurry to withdraw your first profit. Because after your first withdrawal from your trading account, NordFX will take off bonus money from your balance. So, try to use this bonus with maximum effectiveness before first withdrawing. Do you interest in this promo? These free 20 dollars and all profit can be withdrawn by you only then, when you reached trader points within 30 days.
Quite clear and simple, as for me. And they insure the first deal on your trading account. How does it work? The offer is not valid now. This loyalty bonus is available for withdrawal in event of 1 standard lot operation or two months after receiving the bonus itself. You may get this money to your account for simple talking at their forum. Its address is mayzus. To get this free forex no deposit bonus from Mayzus you need: 1.
Register at their forum via this link 3. When you will accumulate 25 USD at your forum balance you may transfer this bonus money as a trading credit into your MAYZUS trading account Be attentive, this promo forum bonus is not available for people from Indonesia, Pakistan and Bangladesh. Octa required to finish 2 standard lots to withdraw profit from the welcome account:.
Bonus conditions are quite tough, but at the same time they are quite simple. First of all, how to get bonus:. Click on the banner and go to the LH-Broker site. This header will be highlighted by rosy background.
Read the bonus conditions which you should meet to earn some profit and to withdraw it: a After receiving a bonus you will have only three days. During these three days, you may trade using the bonus money. If you will double your account balance, then the bonus amount will be immediately deducted from your account balance, if you will not double your balance during this time, then the bonus amount will be deducted after 3 days. All money that will remain at your account balance after these 3 days will be yours.
After depositing you should trade at least 3 lots. You may withdraw all or you may continue your trading. Well, as you see, this LH-Broker bonus is quite crafty. Because even if you earn some profit on bonus money, you should still need to deposit real money and to trade some lots with your own money.
But, on the other side, you may earn an additional dollars. Besides, this is a great chance just to try your forex skills with free money. What did it mean? Here is a clue. LH-broker has special promo conditions. You are allowed to open such non-deposit account and get bonus only 3 times, every 3 days.
Well, here is an example of using this bonus from the broker site:. You had registered the non-deposit account. Afterward, you have decided to deposit USD to your account. By this time the balance of your account is USD Now you are welcome to withdraw the total amount or part of it or continue trading with our company.
Conditions for receiving this bonus are the following: — you should register at the website tradimo as a member via link. It takes about minutes. During this, you should submit as always a proof of your identity current passport, drivers license, or national ID card and proof of your address utility bill or bank statement, must include name and address and no older than 3 months, credit card and mobile phone statements will not be accepted.
This can take a few days. Check your emails, including your spam folder, GKFX will keep in touch with you only by email. Once your GKFX account is approved, it will take up to 2 business days for the money to be credited to your account.
To withdraw this bonus money, you should too: — make at least 1 micro lot during the first 14 days. By the way, with this money, you can trade all assets: currencies forex , stocks, indices, and commodities. You may trade as long as you have the margin available to cover your position. GKFX has set list of eligible countries. Small advice from me. What ID documents you should send to verify your identity? So, people are beginning always to stick with this. They doubt what type of passport domestic or international to send and what documents are needed to confirm the address.
From my own experience, I can tell that you may send any passport you have domestic or international. What documents can be used to confirm the address? Forex trading brokers recommend providing copies of utility receipts bill utilities or bank statements. For example, I am not the owner of my current home, so I have not the utility bills with my name there.
So, I went to the bank and took the monthly statement from my credit card. But, you should check that your address is mentioned there. But what if you do not have any bank account or card? Here is the more simple way. For example, you received a transfer via Western Union or a similar system. Then you had to transfer the receipt with your ID data name, passport, address and seal of the bank.
So, you scan this receipt and send it for verification. It works well! Well, bad times have come. Main high-paying files hosts closed their affiliate programs or banned US IPs. Now, posters and webmasters earn on files less money if it was some time ago. Not too big, but enough to try forex trading, pamm investment, or binary options!
Good luck on Forex! By the way, if you know other brokers who give no deposit bonuses then post this info in the comments! Remember that no deposit forex bonuses may become a very dangerous trap for newbies at the forex market. Take the right step and do not risk all your financial capital.
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