Free bonus no deposit forex malaysia

Entering the world of forex trading can be a little disconcerting for the newcomers of the market.

Today forex bonuses

No Deposit Bonus Forex 2021 Malaysia, free bonus no deposit forex malaysia.

So, what better way than using a вђњno deposit bonus forexвђќ for the malaysian traders to get over the uneasiness? As the name suggests, forex no deposit bonus requires no pre-funding on your part, you just receive the bonus and start trading. Plus, any profits you manage to earn will be yours fully, provided that you fulfill the terms and conditions of the bonus. All in all, itвђ™s a win-win, there is no version of this in which you can lose your money, additionally, youвђ™ll get more proficient in your trading while earning some extra bucks. So, think of it as a practice in the real market using real money!

No deposit bonus forex 2021 malaysia

Entering the world of forex trading can be a little disconcerting for the newcomers of the market. So, what better way than using a вђњno deposit bonus forexвђќ for the malaysian traders to get over the uneasiness?

New traders are afraid of risking their money which is not an issue with a free bonus such as no deposit bonus. The traders are just required to register with the broker for an account and become a member. Forex brokers often provide such bonuses in order to get the clients familiarized with their services and also add to their potential clients.

As the name suggests, forex no deposit bonus requires no pre-funding on your part; you just receive the bonus and start trading. Plus, any profits you manage to earn will be yours fully, provided that you fulfill the terms and conditions of the bonus. All in all, itвђ™s a win-win, there is no version of this in which you can lose your money; additionally, youвђ™ll get more proficient in your trading while earning some extra bucks. So, think of it as a practice in the real market using real money!

Below you can find the list of forex brokers that offer вђњforex no deposit bonusвђќ to their malaysian clients.

The malaysian clients should bear in mind that there are quite a few forex no deposit bonuses out there, but not all of them are a good choice for trading and must be approached carefully. Therefore, the clients should develop a keen eye for spotting the ones that could be beneficial.

The no deposit bonus that you choose ought to be considered from different perspectives such as:

The legitimacy of the broker - in terms of their background, reputation, and whether or not theyвђ™re well-regulated by prominent regulatory authorities.

The pre-requisites and conditions of the promotions - you should know what you agree to by clicking that вђњacceptвђќ button. For example, how many lots youвђ™re required to trade, how much time you have, and how limited your options are. So read the terms it in depth until you understand them fully.

The bonus amount should give you enough room to trade - at least an amount above $20, so you can maneuver in your trades.

And lastly a leverage amount (usually 1:100 - 1:500 depending on the broker) that can help you make bigger trades and gain more profits while engaging in fewer trades.

Best forex bonuses 2021

Giving away free money in the form of bonuses is common practice in the forex trading community outside of the european union where it is restricted.В these bonuses are just one of the ways that brokers encourage traders to try their services.В bonuses come in the form of no-deposit bonus and deposit bonuses and can be big or small depending on the broker.В

FXTM - best overall broker

Octafx - most trusted broker

Avatrade - best trading platforms

Marketsx - best trading conditions

Hotforex - best research

XM - best education

GKFX prime - most assets available

Here are the best forex bonuses for 2021

Last updated on 22 oct 2020

Updated 22 oct 2020

All brokers regulated

FXTM is an award-winning ECN/STP broker popular with beginner traders and experienced traders alike. Its popularity is due to the very wide range of accounts types, from instant execution accounts with very low minimum deposits to ultra-low spread ECN accounts вђ“ MT4 is supported across all account types and MT5 is available on the ECN accounts. An islamic option is available for all account types but only on the MT4 platform.

With recognition from the FCA and cysec, excellent training material, and 24/7 customer support, FXTM is a great broker for all traders.

Octafx is a client-focused, international broker with a loyal following of malaysian traders. The website is fully translated into bahasa melayu and octafx are always running competitions and promotions for malaysian clients; these include a 50% first deposit bonus, demo trading contests with cash prizes and frequent lottery giveaways (prizes include scooters, laptops and other gadgets).

An islamic option is available for all account types and new traders will like the excellent analytical section and range of useful trading tools such as autochartist, copy trading and an account monitoring service that lets beginners learn anonymously from successful traders. Trader education for beginners is well-presented and platform support is almost unbeatable, with MT4, MT5 and ctrader all offered.

Good value, beginner-friendly and hugely respected all over the world, avatrade is one of the most reputable brokers in the industry. With support for the leading trading platforms, great trading conditions on islamic accounts and top-quality multilingual support, avatrade has built a brand on a solid reputation and continues to please its many new and existing customers.В В

Avatrade offers trading in forex, commodities, cryptocurrencies, exchange-traded funds, options, bonds, and equities and is a good choice for any type of forex trader ranging from beginners to scalpers and intraday traders to long-term traders.

MarketsxВ is a premium trading platform. Itвђ™s operated by markets.Com and offers traders fast, low-cost trading on over 2,200 financial instruments. Marketsx provides CFD trading on global stock, forex, commodity, indices, cryptocurrency, ETF and bond markets. Clients in malaysia can take advantage of the swap-free islamic account on offer.

The proprietary marketxВ trading platform is packed full of features and trading tools and is optimised for lightning execution. As well as in-depth charting and asset comparison tools, marketsxВ also gives traders a wealth of decision-supporting data with sentiment tools, tutorials, and regular live-streamed, expert analysis.

Hotforex is an award-winning, global broker with a reputation for client satisfaction. Increasingly popular with malaysian traders, hotforex has a dedicated malaysian customer service team and its website is fully translated into malay.

Trading conditions are varied across five account types, but spreads are generally tight (and are often zero pips on the market execution account). All accounts are also available as islamic accounts, and hotforex also offers copy-trading and managed accounts.В all clients have a dedicated account manager, and deposits and withdrawals are free no matter the funding method.

XM group (XM) is a full dealing desk broker which offers floating spreads and suits all kinds of traders.В XM offers swap-free islamic accounts as well as a variety of other account types to suit traders.В it is a perfect broker for scalpers, intraday traders as well as long-term traders because of the tight spreads, fast execution times and good analysis software. В XM has a low minimum deposit making this broker accessible for traders just starting out.

GKFX is a new and popular broker on the asian market, winning many of the most industryвђ™s most respected awards вђ“ the first coming only a year after their launch in 2012.В it offers massive leverage of up to 1:1000, no minimum deposits for new traders, islamic versions on all accounts and a strong focus on integrity and quality service for its clients.

A number of useful tools are also available, including autochartist and trading central вђ“ alongside zulutrade and autotrade for those who prefer social trading вђ“ and the MT4 platform is fully supported, with hedging and scalping allowed.

Forex bonuses explained

Many top forex brokers offer several different bonuses, such as:

Deposit bonus

No deposit bonus

A trading bonus

Some custom bonuses specific to that broker

Almost every broker on the market offers a deposit bonus to give new investors an incentive to open a trading account.В A standard forex bonus is triggered when a client deposits money and they are then eligible to get the bonus either in a fixed amount or a percentage of the size of the deposit.

Why some brokers have no bonuses

Some regulators stop forex brokers from offering incentive bonuses to new clients. On june 1st, 2018, ESMA chair steven maijoor announced:

The measures ESMA has taken today are a significant step towards greater investor protection in the EU.В the new measures on cfds will, for the first time, ensure that investors cannot lose more money than they put in, restrict the use of leverage and incentives, and provide understandable risk warnings for investors.

This meant that for the first time, european-regulated brokers were not allowed to offer incentives to traders as a part of a marketing strategy.

ESMA, in a question and answers (pdf вђ“ page 59) paper published on 31 march 2017, went further to say that they believe brokers offering incentives are doing so in a way that is not in the best interest of their clients.В they say

Especially in light of the above poor practices observed in this sector of the market, ESMA is of the opinion that it is unlikely that a firm offering bonuses that are designed to incentivise retail clients to trade in complex speculative products such as cfds, binary options and rolling spot forex could demonstrate to its NCA that it is acting honestly, fairly and professionally and in the best interests of its retail clients, taking into account that the nature of the products means that they are not appropriate for a majority of retail clients. Ncas should therefore monitor that the practice of offering such bonuses is avoided in relation to these products.

This restriction is still in place and applies to all brokerage companies that are regulated by EU entities. These companies will not be allowed to offer bonuses to clients, even if the client maintains residency outside of the EU.В this restriction does not apply however to daughter companies which are not regulated within the EU.

Bonus conditions

Bonuses are marketing tools used widely outside of the european union in order to attract new clients. There is always a catch connected to these bonuses, and clients will need to read the terms and conditions to be sure of the requirements needed in order to be awarded the full bonus amount.

These conditions often require that a client be an active trader for an extended period before becoming eligible to withdraw the bonus, or that the trader engages in a set number of trades before the bonus is released into the trading account.

While these conditions will vary from broker to broker, do not expect to be able to use, trade or withdraw the bonus during your initial period with your new broker.

Deposit bonuses

If a brokerвђ™s bonus is offering you 200% of your initial deposit, that means your $250 outlay will enable you to trade with $500. You are safe to assume that this is a little bit of leverage being offered to you without you having to worry about the drastic consequences that arise after making a wrong investment decision.

You have to carefully monitor exactly what the brokers are doing because some of them may decide to take back the money and any of the profits that are being generated through the deposit bonus without notifying you. This is very rare, but just an example that highlights that you should have read all the rules.

Think past the bonus

By providing you with some money to lose with a clear conscience, brokers are effectively enticing you into opening an online trading account. There are certain broker safeguards put in place so that you do not withdraw the deposit before trading a set amount, but other than that I would only encourage a trader to read the rules of when the deposit can be made, and make sure that the no deposit bonus is not the only reason you are signing up with that specific broker.

Forex risk disclaimer

Trading forex and cfds is not suitable for all investors as it carries a high degree of risk to your capital: 75-90% of retail investors lose money trading these products.В

Forex and CFD transactions involve high risk due to the following factors: over-leveraging, unpredictable market volatility, slippage arising from a lack of liquidity, inadequate trading knowledge or experience, and a lack of regulatory protection for clients.

Traders should not deposit any money that is not disposable. Regardless of how much research you have done, or how confident you are in your trade, there is always a substantial risk of loss. (learn more from theв FCAВ or fromв ASIC)

Our methodology

Ourв state of the market reportв andв broker directory are the result of extensive research on over 100 forex brokers. The explicit goal of these resources is to help traders find the best malaysian forex brokers вђ“ and steer them away from the worst ones вђ“ with the benefit of accurate and up-to-date information.

With over 150 data points on each broker and over 3000 hours of research and review writing, we believe we have succeeded in our goal.В

In a world where trading conditions and customer support can vary based on where you live, our broker reviews focus on the local trader and give you information about these brokers from a malaysian perspective.

All research has been conducted by our in-house team of researchers and writers, gathering information from various company representatives, websites and by sifting through the fine print. Learn more aboutв how we rank brokers.В

�� forex no-deposit bonuses 2021

nodeposit bonus	bonus	valid till
7bforex \| no-deposit bonus	$25	dec/31/2021
AGEA \| $5 no-deposit bonus	$5	dec/31/2021
almahfaza \| phone verification bonus (in arabian)	$50	dec/31/2021
arum trade \| “first investment” no-deposit bonus	$30	dec/31/2021
atlasforex \| $50 USD no-deposit bonus (in japanese)	$50	jan/31/2021
bityard \| beginner rewards	4 USDT	dec/31/2021
bullseye markets \| $25 USD no-deposit bonus	$25	dec/31/2021
bybit \| $10 registration bonus	$10	dec/31/2021
bybit \| social media bonus	$5	dec/31/2021
bybit \| survey bonus	$5	dec/31/2021
cfmerchants \| $50 welcome no deposit bonus	$50	dec/31/2021
corsa capital \| $100 no-deposit fixed welcome bonus	$100	dec/31/2021
cube global \| $20 no-deposit bonus	$20	dec/31/2021
CWG \| hi account! $50 USD no-deposit bonus	$50	dec/31/2021
elite fin FX \| free $20 no-deposit bonus	$20	dec/31/2021
emporio trading \| $30 USD no-deposit bonus	$30	dec/31/2021
FBS \| level up bonus FREE $140	$140	dec/31/2021
FBS \| no-deposit "trade 100 bonus"	$100	dec/31/2021
FBS \| quick start $100 no-deposit bonus	$100	dec/31/2021
forex.Ee \| 15 USD welcome no deposit bonus	$15	dec/31/2021
forexchief \| no deposit bonus $50 (in indonesian)	$50	dec/31/2021
fortfs \| $35 USD no-deposit welcome bonus	$35	dec/31/2021
freshcent \| 300 cent bonus "start working with a gift!"	$3	jan/31/2021
freshforex \| no deposit bonus $2021	$2020	feb/28/2021
FX TRB \| $50 no deposit welcome bonus (in thai)	$50	dec/31/2021
fxcess \| $10 no-deposit email verification bonus	$10	dec/31/2021
fxcess \| $15 no-deposit phone verification bonus	$15	dec/31/2021
fxgiants \| email verification bonus	$30	dec/31/2021
fxgiants \| phone verification bonus	$15	dec/31/2021
fxopen \| $1 no deposit bonus for micro accounts	$1	dec/31/2021
fxopen \| $10 no-deposit bonus	$10	dec/31/2021
fxoptexgroups \| $30 USD free account	$30	dec/31/2021
fxplayer \| $100 no-deposit bonus	$100	dec/31/2021
fxprivate \| $10 "only for friends" no-deposit bonus	$10	dec/31/2021
fxprocent \| $300 cents no deposit bonus	$3	dec/31/2021
FXQM \| $30 USD welcome bonus	$30	dec/31/2021
gannmarkets \| $30 welcome bonus	$30	dec/31/2021
GICM \| $25 no deposit bonus	$10	dec/31/2021
global crypto exchange \| subscribe for your 1000 FREE tokens	$100	mar/20/2021
GNT capital \| $50 USD trading bonus	$50	dec/31/2021
GOFX \| $30 free trading bonus (in thai)	$30	dec/31/2021
heart forex \| $100 welcome bonus	$100	dec/31/2021
hexta prime \| $30 USD no-deposit bonus	$30	dec/31/2021
instaforex \| $3,500 startup no-deposit bonus	$3500	dec/31/2021
IUX market \| account open bonus $30	$30	dec/31/2021
kaje forex \| $50 USD welcome no-deposit bonus	$50	dec/31/2021
meefx \| welcome no-deposit bonus $5 USD	$5	dec/31/2021
mitrade \| 50 USD trial bonus	$50	dec/31/2021
noble sky \| USD 500 reward for login	$500	dec/31/2021
noble sky \| welcome new year gift of USD 1000	$1000	mar/05/2021
PPM PRIME \| $40 free to trade no deposit bonus	$40	dec/31/2021
redstonefx \| $88 no-deposit bonus	$88	dec/31/2021
roboforex \| $30 welcome bonus	$30	dec/31/2021
seven capitals \| new year´s exclusive real $100 account	$100	jan/31/2021
SFEX \| $50 no-deposit welcome bonus	$50	dec/31/2021
sinosoft FX \| trade free with $20 no-deposit bonus	$20	dec/31/2021
superforex \| $50 no-deposit bonus	$50	dec/31/2021
templerfx \| no deposit bonus 30$	$30	dec/31/2021
tiomarkets \| $25 USD no-deposit bonus	$25	mar/31/2021
tradehall \| $50 welcome no-deposit bonus	$50	dec/31/2021
tradeland \| $50 welcome no-deposit bonus	$50	dec/31/2021
traders trust \| $100 USD no-deposit bonus	$100	dec/31/2021
unicorn brokers \| $50 free bonus for afghanian customers	$50	dec/31/2021
upforex \| $100 no-deposit welcome bonus	$100	dec/31/2021
velocity trades \| $25 no deposit bonus	$25	dec/31/2021
windsor brokers \| free account $30	$30	dec/31/2021
world forex \| $10 or $20 USD bonus	$20	dec/31/2021
world trade investment \| $50 no-deposit bonus	$50	dec/31/2021
XM group \| $30 no-deposit bonus	$30	dec/31/2021
xtreamforex \| $25 no deposit bonus	$25	dec/31/2021

Latest promotions:

Extra promotions:

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Bestforexbonus

FXTRB doesn't seem to have an english website version, or promotion tos for u to translate it.
Regretfully we're unable to find out about exact terms and conditions for this bonus.

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FXTRB - $50 no deposit bonus

New clients only thailand ;
https://fxtrb.Com/promotions-2/

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SFEX - $50 welcome no deposit bonus

When register using a partner’s link ;
https://www.Sfexvip.Com/activity/partner/language/en-us

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Topfx - $50 no deposit bonus scheme

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40 usd no deposit bonus ! Https://panel.Coinofa.Com/

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Atlasforex - $50 no deposit bonus

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Looking for powefull platform and leveraged crypto trading ? Https://www.Binance.Com/en/register?Ref=*****
use this refferal link, and get 10% kick back.

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Hello everyone , I try this company bonus and make many withdrawal from it trader

Profitto ltd - $30 USD no deposit bonus

Malaysia and indonesia only ;
bonus end date/time 29th january 2021 11:59:59 GMT +8 ;
https://www.Profittoltd.Com/no-deposit-bonus/

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GEMFOREX - 30,000 JPY no deposit bonus

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Templerfx - no deposit bonus 30$!

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Xm babbling broker. Big scammer rejected my withdrawal 27.90$

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Cooin.Io - $20 crypto no deposit bonus

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Ronex - $20 crypto no deposit bonus

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Gannmarkets - welcome bonus 30 USD

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Milton markets - welcome bonus $50

Withdrawal conditions: 10lots of transactions completed after deposit ;
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Instaforex - $2000 startup no-deposit bonus

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Freshforex - 300 USC no deposit bonus

The promotion is valid from december 11, 2020 to january 31, 2021 ;
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Xtreamforex | $25 no deposit bonus

Getting ready to start your trading without committing an investment. No deposit bonus for newbies to try out services to start earning profit without risking any of their funds.

Bonus available for philippines clients:- no deposit bonus of amount $25 is available for philippines clients with live trading account with verified status. No need to deposit to claim the bonus.

Easy to claim:- register the live account, verify the trading account. Get the bonus by registering the live trading account.

Start your trading:- after getting the bonus you will able to start your trading to earn more profits with zero investment.

Start date to registration:- no deposit bonus account will start on 7th december 2020 for a limited time.

Maximum leverage is 1:400.

Trading account credited with $25 no deposit bonus is not eligible for commissions and ibrebates.

Expose what is the meaning of forex no deposit bonus. You gain a real forex trading account with original money on it no deposit required from your side

Youвђ™re probably interested in forex live trading. It is a good way to increase your wealth if you have the right skills and knowledge about the industry as a whole. However, itвђ™s worth to mention that there are a lot of pitfalls in forex trading. If you fail to become an expert in trading before investing large sums of money in it, you may be leading yourself towards financial ruin.

Now, sure, you have read dozens of articles on forex and how to make a profit on it. You have seen dozens of people talk about their immense fortunes earned by trading. What you havenвђ™t seen is thousands of people who only suffered losses when they started trading. Donвђ™t become one of them, trade with skill.

You canвђ™t get experience unless you fail. But how do you get trading skills if you donвђ™t want to lose your own money to learn? The answer is to get a no deposit forex bonus on a forex trading platform.

It is a free bonus (no deposit required) with no deposit required and no strings attached. You just have to register to get anywhere from $30 to $500 for free to get you started in trading. Make sure you don't waste the money and work hard to learn the basics.

Is bonus with no deposit on forex a scam?

While the industry has seen some fraudulent projects, most places that offer trading bonuses with no deposit are trustworthy. The thing is there are so many trading platforms that they have to compete against each other to win new paying customers. Giving away some free money for you to learn how to trade is only beneficial for them.
Profit from their offers. Browse the list of trading platforms that offer no deposit bonuses and chose the most beneficial option fo you.

Get Free $30 from Profitto No Deposit Welcome Bonus

Get Free $30 Forex No Deposit Welcome Bonus on HotForex

$30 Christmas No Deposit Forex Welcome Bonus from JustForex

Waited for Free No Deposit Forex Bonus $100 from FortFS

Take an amazing $35 Reception Trading Bonus on FortFS

Forex no deposit bonus is risk free and deposit free bonus. You don’t need any deposit, the broker will give you bonus after opening a new account. Just you need to register with a forex broker and verify your account. Then you can start your live trading.

This how forex broker makes their potential client. Forex broker utilizes no deposit bonuses to pull in new customers, particularly in the event that they are new brokers, to expand their demographic as quickly as conceivable which is the reason they offer such free rewards.

Presently, forex trading becoming more popular, so there are too many traders and they want to start deposit free welcome mean no deposit bonus. Luckily, there is various forex broker offering no deposit bonus for beginners. They offer amazing bonuses, often $5 USD to 100 USD.

How free bonus is important?

Most of the brokers offering bonus. In any case, the greater part of them is unregulated. They are doing it is a great way to find new clients and they can’t find another good way. But regulated forex broker is good they offer some good bonuses for a newbie to familiar with live trading and their trading platform. We reviewed unregulated forex broker offer a free bonus with too many conditions and trading period is very short like 15 days, 20 days maximum 30 days, also you can’t withdraw the bonus, you have to trade required standard lot volume within a short time. Also, you fell trouble with leverage, the maximum amount of withdrawing and withdrawal method and other things. Then?

However, forex free reward is significant for currency traders. A regulated broker always offers a good bonus with some easy conditions to familiar with them. I think finding a trustable broker is important, so a beginner can join with a regulated broker bonus and they have to check some important factors like leverage, speared, fees and commissions and other things. One other thing is a security issue and trading platform.

So you already got it free bonus is important and joining with a regulated broker is better.

In this case, if you are a newbie in this forex trading market, obviously you can start with a free no deposit bonus. Forex is an extremely entangled and professional market, you need some experience to success on trade. In this case, if you are new in the FX market, utilizing a free reward can enable you to make some profit and increase some knowledge on how the market actually work you can make money more.

When you get familiar with your way (strategy, techniques), you don’t need the free reward again. You'd have the option to trade and make plenty of benefits by live trading. Moreover, experience traders, sometime takes a free bonus to multiply their profit and test a new strategy.

Terms and conditions for free forex bonuses

The different broker set different terms and conditions. There are a lot of terms and conditions in a free bonus, some terms and conditions are really hard. Like you have to trade a certain number of standard lot volume to withdraw profit. But there have also some good trader they regularly making money with this free bonuses. They use tricky techniques, they always hunt bonus presenting a website to choose an amazing bonus. The choose bonus then joins, start trading make some money, and build up their special strategy.

On the other hand, some other brokers will give you one time to withdraw conditions. Some will ask to deposit for withdrawing and some will say to start live trading and internal transfer your amount.

Discover more about the free bonuses

You have learned a lot already from here, but sometimes beginner asks some question us this like:

Is forex free bonus is a welcome bonus?

Actually, most of the time broker gives the bonus after joining with them so you can say it is forex welcome bonus.

Also, some reputed broker gives a bonus to their old clients and new clients, its deposit bonus like a 20% deposit bonus. Example: a trader after deposit $100 the broker will give $20 and the trader will able to trade with $100.

Does forex broker give no deposit bonus without verification?

Yes! Usually, a broker doesn’t provide the free bonus without verification. First things you need to fill-up at least your name and email, you have to confirm your email id for the complete creation of account.

Usually, the broker wants some individual data like ID card, passport or utility document after opening or before withdrawing profit.

But sometimes it happens that forex broker offers no deposit bonus without any verification.

Can I make money with a free bonus?

Why not? The broker gives the bonus to trade on the real market. It totally depends on you, if you can make some profit it’s obviously yours. But we suggest free bonus for newbie and learn something and for familiar with real market trading and for preparing themselves for the future.

So you can make with free bonus and withdraw it after meeting the terms and conditions.

What is the best thing in a free bonus?

The best thing is if you have a no fund you can start live trading, you can learn new thing and if you can make some profit further you can trade it with a forex deposit bonus that will boost your trading capital.

So you have to start with a free bonus wisely.

Conclusion

Forex no deposit or deposit free trading bonus is a kind of blessing for a newbie, they can start live trading with it easily. Here is some good opportunity will help you to take a decision to choose a free bonus.

You can start live trading without any deposit

You can change your broker platform of a broker

You can earn some money and grow your confidence

You can change your trading instruments (currency pair, stocks, indices, share, commodities, and crypto currency)

You can start trade without pressure and risk free

You can develop your trading plan, strategy, and pattern

So you may say the free bonus is a really good opportunity to learn real forex trading, familiar with live trading environment and prepare yourself to take the challenge (forex trading contest)

Forex no deposit bonus malaysia

If you are residing in malaysia, we are very pleased to bring to you these forex no deposit bonus (malaysia only) that you can claim without making a deposit. And yes, you can start trading using these forex no deposit bonus immediately. The condition is that you have to open a live account and have it verified.

If you live in any of these states in malaysia, you qualify for this USD30 no deposit bonus.

Pulau pinang

Selangor

Wilayah persekutuan

Perlis

Kedah

Johor

Sarawak

Pahang

Kelantan

Terengganu

Perak

Sabah

Melaka

Forex no deposit bonus malaysia (other countries qualify as well)

Forex no deposit bonus malaysia – USD30 bonus open to all malaysians

Of all the brokers out there, we handpicked these 2 brokers who, both respective, has strong reputation at least more than 3 stars in forex peace army and both of these brokers are forex brokers that we currently use and are satisfied with their platform in terms of speed of execution, spread and no hassle withdrawal.

You can instantly have $60 deposited ($30 each) into your trading account that you can immediately use to trade. No deposit required – however, you have to have the live accounts verified. Open your live account with xmbroker and tickmill today and have your accounts verified to start trading with their money.

If you already have a proven strategy, then you literally will be trading risk free because you are using their money to trade. If you do not have a proven strategy, then we suggest claiming the $60 and then using their MT4 demo account to practise until you get it right before using real money to trade (yes… even if the money is not yours lol).

Here’s the forex no deposit bonus registration link again… xmbroker and tickmill. Each broker have generously provided $30 each. So take advantage of this before the promotion period is over. Frankly we do not know when they will stop this promotion, so take action now. It will only take less than 10 minutes of your time.

If you know of other reliable brokers with no deposit bonus, kindly comment below.

Forex no deposit bonus malaysia

If you live in any of these states in malaysia, you qualify for this USD30 no deposit bonus.

Pulau pinang

Selangor

Wilayah persekutuan

Perlis

Kedah

Johor

Sarawak

Pahang

Kelantan

Terengganu

Perak

Sabah

Melaka

Forex no deposit bonus malaysia (other countries qualify as well)

Forex no deposit bonus malaysia – USD30 bonus open to all malaysians

If you know of other reliable brokers with no deposit bonus, kindly comment below.

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Delving into the world of trading can be nerve-wracking and confusing for newcomers. Luckily, many forex brokers offer new members an initial bonus without a deposit, which can be used to start trading right away. You may have some questions, such as: how can I get a no deposit bonus to start trading? Which brokers can I trust with my money? And how can I be sure it’s not a scam?

We’re here to quash your fears and give you confidence in your upcoming trades. Continue reading to learn more about our research on certain forex brokers with a no deposit bonus for malaysian traders in 2020.

Let’s start with the most important question: which forex brokers have a no deposit bonus for malaysian traders?

* kindly note that this information is accurate but these characteristics might change in the future. For details, please refer to the latest update on their official websites. *wikifx is a global forex broker regulatory inquiry app.

Mitrade’s main office is located in australia and holds a number of awards for innovation and mobile accessibility. They provide a unique trading platform, easily accessible on the web or mobile devices. If you’re new to the world of trading forex in malaysia, they offer a demo account that’s valid for 90 days.

The minimum deposit at mitrade is $50 and they offer negative balance protection, ensuring your account won’t go below 0. At mitrade there is a very low threshold amount, the minimum size per trade is as low as 0.01 lots for many markets.

The leverage amount is up to 1:200 and they offer clients competitive spreads, zero commissions, as well as articles to help first-time traders understand the scope of forex in malaysia.

Regulated by

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

Sign up easily on the website for a live account. Within 48 hours of your account being activated, you’ll be transferred the no deposit bonus ( trial bonus for new clients). The bonus is limited to 300 eligible customers each day.

This no deposit bonus has an expiry, which is 48 hours from activation of the bonus. If you want to withdraw your earnings up to a $50 profit, do so within this timeframe. After the 48 hour event, you can submit regular withdrawal/deposit requests for your account.

Open live account, and apply this trial bonus!

XM group (XM) is said to be a suitable forex broker choice for beginners as well as vets in the trading industry. At XM you have the choice of 2 trading platforms: metatrader 4, an award-winning platform that is mostly used for forex trading, and metatrader 5, a multi-asset platform for traders.

Regulated by

Cyprus securities and exchange commission (cysec)

International financial services commission (IFSC)

Financial conduct authority (FCA)

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

3. Tickmill

Tickmill is based in london but operates in many countries across the world. Their MT4 platform is easily navigable and provides 50+ indicators, charting tools, and EA trading, among other features. Forex traders can benefit from 60+ currency pairs, and open a demo account to test their platform before committing. The downside is they do not have MT5 integration.

Regulated by

Seychelles financial services authority (FSA)

Financial conduct authority (FCA)

Cyprus securities and exchange commission (cysec)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

Fxopen operates on MT4 and MT5 trading platforms, with a web-based option available, and a range of CFD instruments. The broker allows trade of over 50 currency pairs. Spreads vary depending on the pairs.

Regulated by

Financial conduct authority (FCA)

Australian securities and investment commission (ASIC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

5. Just2trade

Just2trade offers traders a multitude of accounts to choose from before advancing with their trades, depending on each person’s needs. They connect their clients via the whotrades social network app.

Spreads and commissions are low at just2trade, and depending on the plan chosen, there may or may not be monthly fees for your account.

Regulated by

Cyprus securities and exchange commission (cysec)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

FBS broker services are based in belize, and have been on market for 2-5 years. They’re licensed for MT4 and MT5 trading platforms. FBS offers negative balance protection, giving you some security.

Regulated by

Cyprus securities and exchange commission (cysec)

International financial services commission (IFSC)

Forex no deposit bonus 2020

For details, please refer to the latest update on their official website.

Forex bonus scams are not a new problem. In review news sites you can get hundreds of forex bonus schemes, some of which even record up to thousands of dollars in bonuses with no conditions attached.

In asia there are a number of brokers operating under ponzi schemes (unsustainable multi-level operations), attracting traders through huge bonus programs. These exchanges launch huge bonuses but then the trader has no way to withdraw money, or encounters a banking system error. So, as a forex trader, how do you know which no deposit bonus is a scam?

How can you be sure a forex broker with no deposit bonus isn’t a scam?

The rule of thumb here is common sense. If a no deposit bonus looks too good to be true, it probably is. As you can see from our list, a typical amount is around $30 to $50 for a no deposit bonus. I’ve seen offers for 250$ or even 1,000$, which is way more than the usual amount.

The simplest, most reliable way is to choose forex no deposit bonus programs from certified brokers serving malaysia that have been on the market for at least 3-5 years. With reputable forex brokers, the bonus will be appropriate and support many future benefits.

A couple of tips to keep your money safe:

Watch out for unlicensed brokers. If a broker is legitimate, they won’t hesitate to tell the world about how safe your money will be in their hands, with proof.

Also keep an eye out for false advertising. This means that the no deposit bonus they’re advertising should align with the terms and conditions on their page. If there’s a discrepancy, be wary of the opportunity.

Lastly, take a look at the terms and conditions to see if they are published with transparency. Transparency equals honesty: brokers offering scams have something to hide and do so with strangely-worded terms and loopholes.

Is the no deposit bonus a scam?

No. As we’ve outlined above, scams do exist, but if you pay attention to the details you will be able to spot a scam from a mile away.

Can I withdraw a no deposit bonus?

This depends on the broker. Certain terms and conditions state you can’t directly withdraw it, but you can withdraw earnings made from the forex bonus. Oftentimes you’ll have to profit a certain amount, or turnover x number of lots, before being qualified to withdraw. Check the broker’s terms to find out.

Why do forex brokers provide no deposit bonuses?

Forex no deposit bonus is a way for brokers to get your business, and for you to start trading without requiring your own start-up capital. The bonus is enticing for people who are just starting out, or who want to try out a service without investing immediately in the malaysian market.

If you find a quality broker with a forex no deposit bonus in 2020, it’s a win-win, as the broker wants you to make money through their business and you don’t have to risk your own equity!

The content presented above, whether from a third party or not, is considered as general advice only. This article does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Mitrade does not represent that the information provided here is accurate, current or complete. Mitrade is not a financial advisor and all services are provided on an execution only basis. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks. *CFD trading carries a high level of risk and is not suitable for all investors. Please read the PDS before choosing to start trading.

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Risk warning: are a leveraged product and can result in the loss of your entire capital. Trading may not be suitable for everyone. Please consider our PDS, FSG, risk disclosure statement and client agreement before using our services and ensure that you understand the risks involved. You do not own or have any interest in the underlying assets.

Mitrade does not issue advice, recommendations or opinion in relation to acquiring, holding or disposing of our products.

All of our products are over-the-counter derivatives over global underlying assets. Mitrade provides execution only service, acting as principle at all times.

Mitrade does not issue, buy or sell any cryptocurrencies nor is it a cryptocurrency exchange.

This website is owned and operated by mitrade global pty ltd ABN 90 149 011 361, AFSL 398528. This AFSL authorises us to carry on a financial services business in australia. Contact mitrade at cs@mitrade.Com.

The information on this site is not intended for residents of the united states, canada, japan, new zealand or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For certain jurisdictions, card processing service is provided by mitrade services ltd (a company registered in england and wales under number 11804044 with registered address at 27 old gloucester street, london, WC1N 3AX, united kingdom). Mitrade services ltd is wholly owned subsidiary of mitrade global pty ltd.

Forex no deposit bonus in malaysia and how to profit from it?

As a first-time trader in malaysia, entering into the forex market which primarily speaks the currency of USD may seem like a risky prospect due to the high exchange rate from MYR to USD. Besides a demo account, what are the other ways you can trade with? The way we malaysians can do it is with a no deposit bonus, which is no pre-funding required by the broker, offering traders a certain amount for free to trade.

How forex no deposit bonus works in malaysia?

For most of the brokers, you only must register an account and start using their platform for them to start giving you a free bonus to try out. This is usually a strategy that many brokers use to attract people to try their platform and then turn them into a client. The bonus that you’ve received from the brokers, the profits that you’ve traded with it will go to you if you’ve satisfied the platform’s terms and conditions.

How to trade with the no deposit bonus account?

1. Try out the platform

Similarly to using a demo account, the no deposit bonus is a way for you to test the functionality of the platform. The benefit from this is that you directly experience the movements of the market as you are trading with real money. Before you deposit extra into the platform, test a few other platforms at the same time to make sure it is the right one for you and it suits your trading needs.

2. Patience and confidence

Although it is a no deposit bonus, build a mindset as if you’re trading with your own money. Trading requires patience and not an overnight success, so remember to use the bonus to make calculated trades and improve upon your strategy. This not only to improve your skill sets but also your confidence as every trade you’re executing, it has to be a trade that you believe in.

How to choose the best broker that offers no deposit bonus in malaysia?

A note to malaysians, the forex brokers that offer the best bonuses doesn’t mean it is the best platform available, which is why do compare the forex broker side by side to make sure it is what you’re looking for. To choose the best broker, there are a few criteria to evaluate:

1. Regulations

A platform may offer you a bigger no deposit bonus, but all will go into waste if the platform is an illegal forex scheme, and your deposits and profits made later on will all be gone. To prevent this, make sure the broker is regulated by a governing body. Locally, there is the bank negara malaysia (BNM), and internationally there are those such as financial conduct authority (FCA), the cyprus securities & exchange commission (cysec), and more.

2. Bonuses

Although the bonuses are not the most important, it should at least be $20 (around RM85) so that you still have a sizable amount to do some trading.

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3. Terms and conditions

Most platforms will lure you with good bonuses, but it is also important to understand the terms and conditions before you sign up for it. For example, a broker may offer you $50 as a no deposit bonus, however, the profits that you make from the $50 can only be withdrawn if you deposit another $200 from your pocket. So do make sure you’ve done your research before you jump into the platform.

Best forex brokers in malaysia that offer no deposit bonus

The selection of these brokers is based on the recommendations stated above:

1. TICKMILL

TICKMILL is a top 3 rated broker, it is highly rated for its wide varieties of asset classes to be traded such as forex, commodities, and more. One of the reasons is due to its regulation. It is regulated by the seychelles financial services authority (FSA), financial conduct authority (FCA), and the cyprus securities and exchange commission (cysec).

TICKMILL offers a $30 no deposit bonus. For malaysian clients, all you are required to do is to open a trading account with the broker and provide the necessary information, then you will receive your no deposit bonus.

The broker supports metatrader 4 (MT4), an electronic trading platform that is popular among malaysian traders, the platform can be used via web or phone. Malaysians also get to enjoy using the platform in bahasa melayu, with customer support in malay as well!

To withdraw the profits made from the $30 no deposit bonus, malaysian clients will need to deposit $100 into the MT4 trading account, so that you can withdraw the profits made. The no deposit bonus also can only be used for trading.

2. XM forex

XM forex is a well-known broker due to its low minimum deposits. It is well regulated by a few international regulating bodies. It is regulated by the international financial services commission (IFSC), cyprus securities and exchange commission, and the australian securities and investments commission (ASIC).

XM forex offers a $30 no deposit bonus. For malaysian clients, all you need to do is to register an account with XM forex and register then verify your phone number, then you will be receiving your $30 no deposit bonus within 24 hours. With XM forex, malaysians also get to enjoy customer support in malay and also the platform in bahasa melayu as well!

To withdraw, XM forex has its own terms and conditions as well. For the client that has registered, you can only receive the no deposit bonus once. The no deposit bonus can only be used for trading purposes. Take note that you can only withdraw the profits on the condition that you trade at least 0.1 standard lot or 10 micro-lots in 5 round turntables.

Conclusion and thoughts

Forex no deposit bonuses have its pros and cons, it is important to utilize it in a way that can be beneficial to your trading journey. To fellow malaysians, never get drawn up to greed to all of these bonuses and open new accounts nonstop, it is more important to build consistency with a platform that yields the best results for you. Remember, brokers that offer a large amount of money may be too good to be true, so always beware and go through the few evaluation criteria stated above. As always, have fun trading!

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Your guide to forex trading in malaysia

Compare forex trading brokers in malaysia

Compare brokers

How do I trade forex in malaysia?

The great thing about forex trading is that everyone can do it. But just because everyone can do it, does not mean that everyone should do it.

All serious forex traders know that education, discipline, and strategy are essential elements of a profitable trading career. If you start trading forex without these skills, you may profit from a few trades, but you will eventually lose.

Education, discipline, and strategy are essential

If you prepare properly and you are ready to learn, forex trading can be a great way to create a steady income. But, before we look at the more complex aspects of trading, let us look at the essential things you are going to need:

A fast and stable internet connection

The forex markets move fast, very fast, and if your connection is slow or drops out you are going to lose money. Winning trades can become losing trades in the blink of an eye. Many australians trade on their mobile phones, but this should be used as a backup (or to check on open trades when on the move) and not as a primary trading platform.

A forex broker

Finding a good forex broker is of the utmost importance, FX australia maintains an updated list of the best forex brokers in malaysia so it is best to choose one of those. We also keep a complete forex broker directory which includes brokers we do not trust or recommend. If you have heard of a broker and want to know if you can trust them, the directory is a good place to start.

Forex malaysia only works with the best forex brokers in malaysia

A forex trading platform

This is the software that you are going to use for trading and will be provided by your forex broker. Some brokers have their own platforms, but most support third-party apps like metatrader 4, metatrader 5 and ctrader. The best forex trading platform is the one that you find the most comfortable to use. So, do not be afraid to shop around and check out different platforms at different brokers. Some brokers will offer more than one type of platform.

The best forex trading platform is the one that you like to use

A demo account

Never start trading with your own money straight away. All forex brokers will have demo accounts, which let you learn how the market works (and how your trading platform works) without losing any of your own money. They are also great when you want to try out different strategies or trade different currencies without taking any risk.

Always start with a demo account

A forex trading strategy

This will be the final piece of the puzzle. Creating a profitable trading strategy will require a good level of forex education and experience with the markets. Forex trading is risky, but a good forex strategy will help eliminate some that risk.

What is forex trading?

Forex trading is the exchange of currencies to make a profit from fluctuations in the exchange rate. To open a trade, a trader must choose a currency pair, and the direction they expect the exchange rate to move. As the exchange rate between the two currencies changes, the trader can close the trade for a profit or a loss. More detailed information onв how forex trading works is here.

Forex trading is one type of contract for difference (CFD) trading.В this is a contract between you and your broker to pay any difference in the price of the currency pair between opening and closing your trade. This means that neither you nor your broker needs to hold any currency.

Other cfds that you can trade include commodities, metals, equities, energies and many more.

All forex trading is CFD trading, but not all CFD trading is forex trading

What is the difference between forex trading and stock trading?

When people think of trading, they often think of stock trading and believe forex trading is almost the same thing. But this is incorrect.

Stock trading is the buying and selling of shares from individual companies. Forex trading is the simultaneous buying and selling of currencies to profit from the change in the exchange rate. A couple of other major differences:

The forex market is a global, decentralised, over-the-counter exchange and all transactions and participants are confidential. Stock markets are based at a single location and public records are kept of buyers and sellers.

Forex trading has a low cost of entry. To make serious profits, stock traders use large amounts of money, which is not an option for traders with limited incomes.

Forex trading isв notВ investing. Forex traders never take ownership of the asset being transacted. With forex trading, the trader isв speculatingВ on the future value of a currency pair and to call it an investment would be incorrect.

How do beginners learn to trade forex?

Beginners should learn to trade using a demo accountв before depositing money into a real trading account. We have aв guide full of practical advice to get you started, and more onв which forex pairs to trade or avoid.

It will take some time to learn how to trade forex successfully, as traders need to understand the many components and strategies to be profitable.

How to choose the best forex strategy?

There are a huge number of forex trading strategies, in fact, traders keep coming up with new ones all the time. The best traders will use many strategies and they will know exactly when to use each one. Forex trading strategies will rely on either fundamental analysis (analysing economic trends and news events) or technical analysis (analysing historical price action on charts).

The most popular trading strategies are:

Price action trading: this is the study of historical changes in currency prices to predict which way the price is going to move next. If you love studying charts and looking for patterns, then price action trading is for you. It relies almost entirely on technical analysis and there are many methods of trading using price action.

Range trading: range trading relies on figuring out at what point other traders are going to buy or sell a currency. Like price action trading, range trading relies on technical analysis but also needs a good understanding of the currency pair you are trading.

Scalping: scalping is when a trader opens and closes many trades over the course of a day. The goal is to make lots of small profits. Technical analysis is an important factor with scalping, but the main problem is the time investment required. Scalpers can spend the whole day glued to their trading monitor.

Positional trading: positional trading is when a trader holds a position, or several positions, over a long period of time вђ“ sometimes for week or months or even years. Positional trading is heavily reliant on fundamental analysis, though technical analysis can be important too.

Other factors to consider when planning a forex strategy are the time of day (as this affects how many other people are trading and the volatility of the market), order types (such as stop loss and take profit orders) and automated trading software/bots (which can see movements in the market that you may miss).

For more detail on analysis and how to use it, we cover strategies and building a trading plan in ourв learn to trade section.

How much do I need to start trading forex?

Trading accounts can be opened for as little as 50 USD, though most brokers require a minimum deposit between 100 USD and 200 USD. But how much should you start trading with? The answer depends on how much you can afford and how much risk you are willing to take.

Risk management is a very important part of forex trading and most serious traders agree that you should never risk more than 3% of your balance on a trade. If you have a starting balance of 100 USD, this means that you should never risk more than 3 USD on a trade.

Beginners should never use more than 3% of their trading balance on a single trade

Using the same formula, with an account balance of 2000 USD you can risk 60 USD per trade. Many beginner traders cannot afford to start with a balance of 2000 USD, but if you start with an account of 100 USD be aware that it is going to take patience and solid risk management to create a steady income stream.

Beginner traders should start with a minimum account balance between 200 вђ“ 500 USD. This allows traders to make small profits, while still maintaining a sensible approach to risk.

What is the best time for trading forex?

The forex market is open 24 hours a day, monday-friday, but the best time to trade forex is when the worldвђ™s major stock markets are most active.

The more traders are active in the market, the more volatile the market is вђ“ and the more volatile the market is, the easier it is to make profits

Two of the worldвђ™s major markets are the sydney market and the tokyo market. Trading when these markets crossover is also a good approach and will be the easiest options for most malaysians.

But, the two cities with the largest financial markets in the world are new york and london, so the best time to trade forex is the crossover period when both the london and new york financial markets are open. Unfortunately, this is in the middle of the night for malaysians, so it is a less appealing option.

Do forex traders pay tax?

Yes, they do. Forex gains are not tax-free income, and all profits are taxable even if your brokerage and capital are overseas. Malaysians are expected to declare taxes just as with any other income either as an individual or a company.В

What are the risks of trading forex?

Trading forex and cfds carry a significant risk that includes losing all the money in your trading account over a short period. 75-90% of traders lose money trading these products. You should consider whether you understand how cfds work and whether you can afford to the high risk of losing your money. The principal risks of trading are:

Risk 1 вђ“ volatility :В the forex market is extremely volatile at times. It is, after all, because of this volatility that we can profit from trades. But the market can move very swiftly, and this can mean a trade can go against you in a short period. If you are trading, you must actively watch your trades all the time.

If you have an open trade, never take your eyes off it

Risk 2 вђ“ unpredictability :В the forex market is not something you can predict. There are just too many factors and actors on the market for it to be fully predictable. Traders need to set a win-loss target ratio where you account for some losses and use a strategy to minimise them.

You are always going to lose some trades, so prepare for it

Risk 3 вђ“ leverage :В CFD trading requires usingв leverage. Leverage is a tool used in trading to amplify your profits, but it also amplifies your losses which are automatically deducted from your trading account. Your account balance can be wiped out with a single bad trade.

Leverage amplifies your gains, but will also amplify your losses

Risk 4 вђ“ interest: В in some cases, interest will be charged on your trades. For example, interest can be charged when you carry trades overnight and your broker will take funds from your account to pay this fee.

Brokers may charge you for keeping trades open overnight

Is forex trading right for me?

By now you should know that it is high risk, that you need to find a broker that you feel suits you best and the amount you want to put into your account with a broker. Trading forex takes a commitment to learning, and you should be ready to:

Compare the best brokers in malaysiaв to find one that suits you.

Read ourв education sectionв and learn everything you can.

Understand the way the forex market andв CFD trading works.

Learn about theв software and toolsв that will power your trading.

Be prepared to lose all the money you place in an account. Do not deposit any money you cannot afford to lose.

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