Forex brokers with no deposit bonus

The big investment firms make millions from the smallest currency fluctuations. However, foreign exchange trading also offers extremely high profit opportunities for the "normal" consumer. Speculating on the currency pairs on the Forex market has already helped one or the other user to permanently generate high income. But how do you start the financial business with as little risk as possible? Are there actually no deposit forex brokers? To anticipate the answer – yes. We have compiled the best internet platforms with a no deposit bonus below.

To the test report 25CAD/EUR/USD without deposit To the page

Risk note: Forex trading is also associated with a risk.

The development in recent years

A few years ago it would have been unthinkable to use small sums to enter the Forex trade. Customers who wanted to participate in speculation on the foreign exchange market had to invest at least a four-digit amount in order to be able to benefit from the business. In the meantime, however, the situation has changed fundamentally. The order regulations were driven down enormously by most brokers. Even with the smallest sums of 10 to 50 euros, lucrative trades can be made.

Furthermore, the number of providers on the market has increased. The broker platforms are now in real competition – for the benefit of the customers. Some online companies have therefore decided to use a no-deposit bonus to attract new customers.

What is the point of a no-deposit bonus?

From our point of view, forex without a deposit does not necessarily mean and ostensibly go for a quick profit hunt. Of course it is nice when your own account balance is constantly increasing, but as a new "financial trader" you should not indulge in illusions. It is actually not possible to turn 50 euros into a six-digit amount within a few weeks.

The no-deposit bonus should primarily be used for test purposes. Get to know the broker platform and trading markets. Track course gains or losses and work on an individual forex strategy with the "free" money.

This is how the welcome gift is redeemed

The redemption of the forex bonus without a deposit is practically not difficult. The procedure is roughly the same for all dealers. We have compiled the most important details for you in a smaller "step by step" guide below:

  • Step 1: Open a real money account with the forex broker of your choice. To do this, fill out the registration form truthfully.
  • Step 2: Verify your email address and mobile phone number.
  • Step 3: Some dealers carry out the complete legitimation check at this point, i.e. you have to submit your identity card and address confirmation.
  • Step 4: The bonus will be credited to you.

In addition to the no-deposit bonuses, you can still activate a classic deposit bonus with numerous brokers.

The best forex brokers without deposit presented

Below we want the fivebest forex broker introduce without deposit. All of the companies mentioned are safe and reputable online providers.

  • Plus500:Plus500 is currently one of the best known CFD brokers on the market. The provider is licensed in Cyprus, but also has a license in the UK. Traders can use a Plus500 account to trade CFDs on underlying financial instruments such as forex, stocks, commodities, options and indices. Plus500 is the official premium partner of Atletico Madrid.
  • XM: The forex broker works with financial permits from Kenya, Great Britain and France and a main license from Cyprus. In addition to the free 25 euros, new customers atXM can expect a bonus package of up to $5,000.
  • IronFX: Last but not least, the financial trader is known to football fans as a partner of FC Barcelona. Of course,IronFX also has all the necessary approvals and licenses. The 25CAD/EUR/USD Euro starting credit is available directly after customer verification.

When can the payout be made?

It should be noted with the bonuses without deposit that the amounts may not be paid out immediately. Dealers require a certain number of trades before a withdrawal can be requested. A point system is usually used for this. Only when the customer has earned the so-called trading points can he dispose of the bonus and the profits. Some of the welcome bonuses are promo cash, which generally cannot be withdrawn. In this case, only the profits earned may be disposed of.

Furthermore, no reputable Forex dealer will make a transfer to an unverified customer. There is generally a legitimation check in advance. Users must confirm their identity with a photo ID and a recent proof of address.

Conclusion: No deposit bonus beats the demo account

Almost all forex brokers offer customers a demo account. The trades can be completed with a virtual credit. In practice, however, it has turned out that the "training runs" usually go very well, while the successes with real money fail to materialize afterwards. The trading orders in the demo version are usually placed unconsciously and somewhat more laxly without precise analysis. From our point of view, a forex broker bonus without a deposit is more recommendable. The purpose of the test or exercise is fulfilled in the same way, but it is already about “real” capital.

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