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Hello Friend, are you looking for a way to start trading without risking your own money? If so, you’re in luck! Forex brokers are offering no deposit bonuses in 2021, giving traders the opportunity to test their trading skills with free capital. In this guide, we’ll explore everything you need to know about forex no deposit bonuses, including how to claim them, their advantages and disadvantages, and the best offers available in 2021.
What is a Forex No Deposit Bonus?
A forex no deposit bonus is a promotion offered by forex brokers to attract new traders. As the name suggests, it’s a bonus that doesn’t require a deposit from the trader. Instead, the broker offers free capital to the trader, which can be used to trade in the forex market. The bonus is usually a small amount, ranging from $5 to $100.
How to Claim a Forex No Deposit Bonus?
To claim a forex no deposit bonus, you need to follow these steps:
- Choose a forex broker that offers a no deposit bonus.
- Register for an account with the broker and verify your identity.
- Claim the bonus by following the instructions provided by the broker.
Once you’ve claimed the bonus, you can start trading with the free capital provided by the broker. However, you need to keep in mind that there are usually terms and conditions attached to the bonus, such as a minimum trading volume requirement and a maximum withdrawal limit.
Advantages of Forex No Deposit Bonuses
Forex no deposit bonuses have several advantages for traders, including:
- Free capital to start trading without risking your own money.
- The opportunity to test the broker’s trading platform and services.
- The chance to practice trading strategies and improve your skills.
Disadvantages of Forex No Deposit Bonuses
Despite the advantages, forex no deposit bonuses also have some disadvantages, such as:
- Strict terms and conditions that can be difficult to meet.
- Limited trading opportunities due to the small bonus amount.
- The risk of losing the bonus capital if you’re not careful with your trades.
Best Forex No Deposit Bonus Offers in 2021
Here are some of the best forex no deposit bonus offers available in 2021:
| Broker | Bonus Amount | Terms and Conditions |
|---|---|---|
| XM | $30 | Minimum trading volume requirement of 5 lots |
| FBS | $100 | 30-day trading period and minimum trading volume requirement of 5 lots |
| Tickmill | $30 | Maximum withdrawal limit of $100 and minimum trading volume requirement of 5 lots |
FAQs
Here are some frequently asked questions about forex no deposit bonuses:
1. Are forex no deposit bonuses really free?
Yes, forex no deposit bonuses are free in the sense that you don’t have to deposit your own money to claim them. However, there are usually terms and conditions attached to the bonus, which can be difficult to meet.
2. Can I withdraw the bonus capital?
It depends on the broker’s terms and conditions. Some brokers allow you to withdraw the bonus capital after you’ve met the minimum trading volume requirement, while others only allow you to withdraw the profits made from the bonus capital.
3. Can I claim multiple forex no deposit bonuses?
No, most brokers only allow you to claim one forex no deposit bonus per account.
4. Is it worth claiming a forex no deposit bonus?
If you’re a new trader or want to test a broker’s trading platform and services, then a forex no deposit bonus can be worth claiming. However, you need to be aware of the terms and conditions attached to the bonus and the risks involved in forex trading.
5. How do I choose the best forex no deposit bonus?
You should choose a forex no deposit bonus that has reasonable terms and conditions, such as a low minimum trading volume requirement and a high maximum withdrawal limit. You should also consider the broker’s reputation and the quality of its trading platform and services.
Conclusion
Forex no deposit bonuses are a great way for new traders to start trading without risking their own money. However, you need to be aware of the terms and conditions attached to the bonus and the risks involved in forex trading. By following the steps outlined in this guide and choosing a reputable broker, you can take advantage of the best forex no deposit bonus offers available in 2021. Happy trading!
Thank you for reading and see you in our next interesting article!