Forex spread betting no deposit bonus

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process.

Today forex bonuses

Top 6 Best Forex Brokers with No Deposit Bonus for 2021, forex spread betting no deposit bonus.

This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus. Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

Top 6 best forex brokers with no deposit bonus for 2021

Top rated:

What better way to start trading than with a no deposit bonus forex broker? This should give you the perfect start to trading with some risk-free funds. To help you achieve that goal, we have put together a collection of the best regulated forex brokers in the market who offer a no deposit bonus to traders.

Beyond looking at more details of these top brokers, we will also provide more information on no deposit bonus availability, and how you can use these bonuses to your advantage when trading.

What is a no deposit bonus?

Very simply, a no deposit bonus is an amount of money which is given to you as a trader just for completing the broker registration process. This means that you do not have to deposit any of your own real funds to gain access to this no deposit bonus.

No deposit bonus: are they available in the EU?

Unfortunately, the answer to this question is no. The no deposit bonus offers are not available in the EU. This is due to the fact that the european market regulator, ESMA, has banned certain types of forex broker bonus offers under the mifid II regulations.

The result is that forex brokers’ no deposit bonus offers, and any kind of registration bonus offers are not allowed for traders who are in the EU.

Please note that the following bonuses are available only to people based outside the EU. Moreover, we do strongly suggest to not judge the broker based solely on the no deposit bonus, but on the suitability to your trading goals and preferences.

Top 6 best brokers with no deposit bonus

Here is a closer look at the top brokers we have selected who do offer a no deposit bonus.

No deposit

Starting your forex trading with a no deposit forex bonus is an excellent way to start. And that’s because you’re not risking any of your own money. You get a real live trading account, with real money and don’t have to put up any of your own precious cash. Your live account practicing is paid for by the broker. Make a profit and you keep it, lose money and you’ve lost nothing of your own.

*CFD service. 80.6% lose money

What is a free no deposit forex bonus?

Competition amongst forex brokers has started a bit of a trend – forex bonus UK no deposit. A great advantage for all you new traders out there! A forex no deposit bonus is completely free, as it’s the broker who is sponsoring the forex account. All that is required is that you complete an application form for a new account and that account will be credited with the bonus that the broker is offering, meaning you can start trading straight away.
The advantages of this bonus are:

You get to try out the brokers trading platform, without risking any of your hard earned cash

You can practice your trading skills and gain some valuable experience

You get the chance to make a profit but if it all goes wrong you lose absolutely nothing
how cool is that!

But there are some important features of a forex bonus UK no deposit offer that you should keep in mind. Namely that you can usually withdraw any profits you make but in order to withdraw the bonus itself you will have to meet certain conditions. Each broker will have its own specific requirements but as a rule it generally means funding your account with an actual deposit or meeting certain trading volume requirement. Also the no deposit bonus tends to be fairly minimal for example $25 – $50. This should enable you to open only the most basic account, as in a micro account. This small amount of money will actually limit the experiences you can enjoy as trading foreign currencies is much different if you’re trading larger amounts.

How to get your free forex no deposit bonus UK

Each broker will have their own specific requirements but they do have a few things in common. You will have to download the software that the broker features and create an account. It’s not really complicated and you usually only have to provide a few personal details. You then carefully follow the steps given by the broker, which often involves entering a promotional code. There are rules you have to follow and the bonus is only offered for new customers and limited to one bonus per household.

Can you cash out a forex bonus UK no deposit?

The simple answer is no, not straight away. And that’s really understandable. Why would a broker offer a free no deposit bonus if it wasn’t to attract new customers and get them trading. It is usual that a broker will require you trade a number of positions before you cash out any bonus received. But if you’re serious about forex trading why would you want to cash out at all. Don’t worry too much about cashing out such a small sum but instead set yourself a limit of say $10 000 before you cash out.
Having said that don’t turn down the chance of trying a broker offering a no deposit bonus. After all it’s free money!

Tips for profiting from a no deposit bonus

Don’t turn down the chance to make a profit however small the no deposit may be. Even if you make some terrible trades you won’t be losing any of your own money. All the experience you can get will be worth it in the long run.

You’re not risking anything at all so go for it and practice your strategies as often as you can.

Be careful of any conditions the broker may have. Read the small print carefully and make sure you completely understand any specific requirements.

Brokers offer these bonuses to test out their trading platforms and attract new customers so grab this free chance to win.

This is a great opportunity to hone your skills so take it and we’re pretty sure you’ll have no regrets, and hey you could even make some money.

We hope that the information we’ve given you will help you with your new financial venture. All that’s left now is to remind you that trading in foreign currencies is a risky business. Using a forex free no deposit bonus is a great way to start. Don’t make the mistake of jumping in with both feet and putting up truck loads of your hard earned cash. Start simply and practice, practice, practice before you trade for real.

No deposit brokers for cfds, forex & spread betting

The original question was: A re there any no deposit brokers?

Most brokers offer a demo account where you can trade without depositing funds first. Then yes there are plenty.

However, if you are asking if there are any brokers that allow you to trade the financial markets with no money on account and make real profits the answer is no.

Or indeed, if you are asking if there are any brokers that offer a welcome bonus with no deposit. The answer is again no. Welcome bonuses for cfds, forex and spread betting are banned by the FCA.

Demo accounts are great if you just want to practice the process of putting trades on, experiment with stop losses and technical analysis levels.

However, there are lots of brokers that offer demo accounts where you can trade without making a deposit.

These brokers offer demo accounts for spread betting, cfds and forex trading:

IG – great allrounder (IG review)

Saxo capital markets – for slightly more experienced traders (saxo capital markets review)

Spreadex – good for customer service (spreadex review)

However, it is important to note that trading in a simulated environment is very different from trading with real money.

However, odd it may seem, some traders will do well in demo accounts and they lose money in real accounts. The internet is awash with theories that brokers do this deliberately because they are b-booking your trade and profiting from when you lose money.

The reality, however, is that demo traders may be suffering from beginners’ luck, or even adopting a no emotion trading strategy. Not having a strategy is one of the main reasons traders lose money.

The most common mistakes when moving from demo account to live account are:

Not cutting losses

Not running winning trade

Overtrading

Over leveraging

We’ve written a few guides on a demo account trading strategy that may be helpful:

It’s always worth opening more than one demo account as, whilst all brokers offer access to the same underlying markets that platform can differ dramatically. Although most MT4 brokers offer the same metatrader 4 platform they differ quite a lot if a broker has it’s own proprietary financial spread betting, CFD or forex trading platform.

If you are new to trading and looking to experiment with a trading platform here are some top tips to getting started on a trading broker demo account:

Start small

Never trade with money you can’t afford to lose

Trade the products you understand best.

If you don’t understand what moves a price you’ll have very little chance of making money

You can read our guides to the most traded instruments on trading accounts and CFD, forex and spread betting demo accounts here:

A final note on demo accounts for trading:

You won’t get full access to live prices, research or added value with a demo account. They are generally used to give you an idea of the look and feel of a trading platform. To get the full features you may have to open a live trading account.

Richard founded the good money guide (previously good broker guide) in 2015 and has been a broker for 20 years most recently at investors intelligence and previously a multi-asset derivatives broker at MF global (man financial). Richard started his career working as a private client stockbroker at walker crips and phillip securities (now king and shaxson) after interning on the NYMEX oil trading floor in new york and london IPE in 2001 & 2000.

Spread betting bonus offers

Find the best welcome bonuses and rewards for new traders!

Spread betting bonuses are very common nowadays, most spread betting companies offer a number of different sorts of bonuses to encourage new users to joint them. Use this page to view the latest spread betting bonuses and offers available to you. We cover both no-deposit bonuses (if they exist) and deposit spread betting bonuses.

Here you can find a selection of the best deposit bonuses for new traders.

1. ETX capital – claim a £250 cash back bonus for your first trades!

Provides a £250 cash back bonus to all new clients for the initial 14 days of trading. In order to become eligible, new clients have to invest a minimum deposit of £250 and place 4 non-equity trades. If you make a loss by the end of this time period, ETX capital will reimburse your account up to a maximum of £250.

2. Financial spreads will credit your account with a £70 bonus after you have signed up with them; lodged at least £250 and implemented 5 separate spread bets. As usual, you are encouraged to analyze the fine print relevant to this offer.

3. Tradefair will credit your account with a £100 bonus after you have signed up with them and performed five distinct spread bets within 30 days. You have to be conscious that this campaign is subjected to strict stipulations. In addition to the £100 bonus, you’ll also receive the little black book. This book comprises many details and advanced strategies for spread betting.

Why bonuses are so useful?

The main objective of all spread betting traders is to try to optimize their profits while reducing their risk exposure. For that reason, you are well-advised to grab the opportunity to obtain any offers of genuine bonuses whenever such promotions materialize. You must also appreciate that the primary cost that you will incur from your spread betting pursuits will be the spread commissions that your broker will charge you on each spread bet that you open. Basically, your trades will then need to capture at least that fee expense for you can merely breakeven. Consequently, if your broker is willing to offer you a financial inducement as a way to secure your custom, then you should always assess the viability of such proposals carefully.

Types of spread betting bonuses

You will find that spread betting brokers present bonuses in a number of different formats. For example, the most popular version is the percentage deposit bonus which will allow you to acquire a portion of your original deposit up to a defined limit. For instance, when you check out a specific spread betting broker’s website, you might find that it is featuring a promotion such as the following: ‘open an account us and obtain a bonus equaling 50% of your deposit up to a maximum of £1,000’. As a result, if you opt to fund your brand-new account with £600, then you would be eligible to acquire an extra $300. However, a deposit of £2,200 would still only bring in £1,000 because the upper limit would have been surpassed.

Another enticing type of bonus, which is presently in fashion, is called the spreadback. Such a promotion allows you to recuperate a percentage of the spread commissions that your broker charges you for each spread bet that you place (read more about how to place spread bets) or initialized during the last trading month. Generally, these spread betting offers are organized in such a way to enable your account to be credited with your bonus on a monthly basis.

However, you must adopt extreme care anytime you are thinking about receiving a bonus from a spread betting broker. This is because a number of these offers have been created specifically to perform as marketing promotions with the specific intent of attracting new custom. Consequently, you may find that you will have to abide by rigid conditions and terms in order to access your incentives.

For this reason, professionals stress the significance of meticulously studying the associated fine print related to each offer. Essentially, you must appreciate that spread betting bonuses can be very complicated in their construction and purpose.

Be wary of terms and conditions

Example of intertrader’s terms and conditions

Attaining usage to your bonuses can be very demoralizing events particularly if you are not certain of the processes that you will have to satisfy in order to achieve this task. Because of this, you must always evaluate the related stipulations of each offer thoroughly so that you will understand exactly the operations required to accomplish this objective.

In comparison, some offers are more clear-cut in nature and can be initialized instantly with minimal hassle. For instance, your broker may be willing to provide you an initial interval during which the commission fees of your bet spreads are considerably decreased. Under such circumstance, you will discover that your trial period could well be triggered immediately. In most other circumstances, however, you may have to accomplish steps, such as the following, in order to unlock your bonuses:

Make at least a bare minimum deposit, which is typically £200 or more.

Implement and exit a specific number of spread bets.

Not make any withdrawals from your account for a specified time-period.

Your trading volume might need to surpass a defined value.

Additionally, some spread betting brokers choose to payout bonuses in installments over an advised time-period or after particular milestones have been accomplished. However, others may be quite happy to pay you instantly in advance. Basically, as the factors related to spread betting bonuses are comprehensive and involved, you are encouraged to familiar yourself with all their facts from the very beginning.

Nevertheless, irrespective of all these issues, you should still conclude that spread betting bonuses present exciting offers that can definitely aid you in enhancing your profits while simultaneously lowering and controlling your risks when spread betting. For these reasons, you would be wise to assess each promotion that appeals to you by investigating all the applicable fine print thoroughly. Knowledge is the key to acquiring the greatest benefits from spread betting bonuses. You will find that many websites have leapt up lately supplying you with all the information, help and guidelines essential to mastering this topic.

No deposit brokers for cfds, forex & spread betting

The original question was: A re there any no deposit brokers?

Most brokers offer a demo account where you can trade without depositing funds first. Then yes there are plenty.

However, if you are asking if there are any brokers that allow you to trade the financial markets with no money on account and make real profits the answer is no.

Or indeed, if you are asking if there are any brokers that offer a welcome bonus with no deposit. The answer is again no. Welcome bonuses for cfds, forex and spread betting are banned by the FCA.

Demo accounts are great if you just want to practice the process of putting trades on, experiment with stop losses and technical analysis levels.

However, there are lots of brokers that offer demo accounts where you can trade without making a deposit.

These brokers offer demo accounts for spread betting, cfds and forex trading:

IG – great allrounder (IG review)

Saxo capital markets – for slightly more experienced traders (saxo capital markets review)

Spreadex – good for customer service (spreadex review)

However, it is important to note that trading in a simulated environment is very different from trading with real money.

The most common mistakes when moving from demo account to live account are:

Not cutting losses

Not running winning trade

Overtrading

Over leveraging

We’ve written a few guides on a demo account trading strategy that may be helpful:

If you are new to trading and looking to experiment with a trading platform here are some top tips to getting started on a trading broker demo account:

Start small

Never trade with money you can’t afford to lose

Trade the products you understand best.

If you don’t understand what moves a price you’ll have very little chance of making money

You can read our guides to the most traded instruments on trading accounts and CFD, forex and spread betting demo accounts here:

A final note on demo accounts for trading:

Fxdailyreport.Com

In forex trading, the difference between a bid price and an asking price is known as a spread. Therefore a zero spread account is a type of account that has no difference between bid prices and ask price. A zero spread forex broker is a brokerage firm that offers its traders zero spread accounts. In other words, the spread takes the place of a typical transaction fees, meaning that you don’t have to pay anything.

With this unique account, you as the trader is aware of your entry and exit stages in advance. This means that when you open a trade in a particular position, you automatically know your exit point. This could be an enormous advantage to some traders.

While using a broker that offers this kind of account, it helps to understand that when the spread becomes bigger, the cost of trading rises. On the other hand, when the spread is narrow the cost stays low.

Top forex brokers with starting from 0 pip spreads

info	bonus	open account
min deposit: $5 spread: from 0.2 pips leverage: 500:1 regulation: FSA (saint vincent and the grenadines), cysec	50% deposit bonus, real contest 1st prize luxury car BMW X5 M, copy trading, trade&win.	Visit broker
min deposit: $1 spread: from 0 pips leverage: 3000:1 regulation: cysec, IFSC	$100 no-deposit bonus, 100% deposit bonus	visit broker
min deposit: $5 spread: from 0 pips leverage: 888:1 “*this leverage does not apply to all the entities of XM group.” regulation: ASIC, cysec, IFSC belize	“50% +20% deposit bonus up to $5,000, loyalty program bonus “*clients registered under the EU regulated entity of the group are not eligible for the bonus and the loyalty program”	visit broker
min deposit: $1 spread: from 0 pips leverage: 2000:1 regulation: FCA UK, cysec, FSP, bafin, CRFIN	35% of the account deposit	visit broker
min deposit: $300 spread: floating, from 0 pips leverage: 500:1 regulation: FCA UK reference number 579202	visit broker
min deposit: $200 spread: starting 0 pips leverage: 500:1 regulation: ASIC australia, FCA UK	visit broker
min deposit: $1 spread: fixed spread from 3 pips leverage: up to 1:1000 regulation: CBR, cysec and FFMS	30% forex deposit bonus	visit broker
min deposit: $250 spread: as low as 0.1 pips leverage: up to 400:1 regulation: ASIC australia and FCA UK	visit broker
min deposit: $100 spread: starting 0 pip leverage: 500:1 regulation: FCA UK, FSA (seychelles), cysec	visit broker
min deposit: $100 spread: from 0,2 pips leverage: 1:200 regulation: FCA UK (#186171), cysec (#259/14), CIMA (1442313) and DFSA (F000048)	10% welcome bonus up to $5,000	visit broker

Though it may sound like no trader will be charged by a 0 spread forex broker, there is a probability that the broker will charge some traders in one way or another. In fact, there are numerous zero spread brokers that are keen on a particular range. This means that you might get charged, but the charges are not presented as you would expect as they may be in an indirect form.

Zero spread brokers

These types of brokers normally offer an electronic communications network (ECN) or what is termed as a straight through process (STP). They offer a much different approach to the traders in comparison to the typical forex trading brokers. With zero spread brokers, you get direct access to the available financial markets.

It is, however, important to note that the prices are not set by the brokers. Instead, they are set by the market itself.

The pros of zero spread forex brokers

If you sign up with a zero spread broker, it opens the doors for you to access the market directly.

As a trader, you know your entry and exit points beforehand as soon the positions are open. If you are into high-frequency scalping, then this kind of brokerage is extremely helpful with calculating non-trading loses. They also help you execute your day trading strategies with precision. Moreover, you can benefit from the speedy execution of your trading moves since you already have direct access to the relevant financial markets.

Efficiency is another advantage of using 0 pip spread forex brokers. The whole model of trading allows you direct access as well as fast executions; this can be attributed to the fact that there are no interventions from the brokers to your trading decisions. The trading systems are automated, which provides you a great deal of efficiency.

The cons of zero spread forex brokers

While you may think that you will not be charged by this kind of brokerage, some costs might apply in a hidden way. This is detrimental to a trader in that you may end paying various charges without exactly knowing how they came about. Some of these charges are disguised as a huge initial account opening size. Sometimes, you are forced to put with disappointingly low execution speeds.

Also, if you like to make the use of the negative balance protection, it will certainly not help you with a zero spread forex brokers. Dealing directly in the market can be both good and bad. One of the ways in which this can be a disadvantage is that meeting the required liquidity threshold solely rests with you as the trader. For instance, the cost of opening an account is quite high and you have to meet it by yourself.

If you would like to try out a method of currency trading without having to pay hefty transaction costs, the zero spread brokers offer you a perfect opportunity to do so. Nevertheless, zero spread brokerage firms should be looked at more carefully. No trade that promises zero charges on anything really works that way. In fact, if you examine it closely, you may find out that you will be charged by these brokers in subtle ways that aren’t as clear cut as what you would experience with other options.

All forex bonuses

Forex bonus is a nice way to get some additional capital above what you have initially deposited. Many traders often make the mistake of looking just at the forex bonus offers without paying attention to the type of bonus and the trading requirements that come with it. If forex bonus is something that interests you, here are three things to know about them.

1. Types of forex bonus

Forex bonus comes in two forms; the no-deposit bonus and a deposit bonus. They can go by different names, but the basics are the same. With a no-deposit bonus you are given free real money to trade forex. This is usually done after your verify your account information and in some cases, validate your account details by submitting verification documents. You can trade the no-deposit bonus without having to make a deposit, but you cannot withdraw the funds unless you make a deposit and trade a certain number of times.

A deposit bonus means that the broker give you a bonus based on your initial deposit. For example a 30% deposit bonus means that when you deposit $100, the broker gives you $30 in bonus. Of course, you can use this money alongside your trading capital (which comes to $130), but you won't be able to withdraw this $30 bonus unless you meet the trading criteria.

2. Always read the forex bonus terms and conditions

It is essential that you take the time to read the trading conditions for the forex bonus that you claim. Many traders fail to do this due diligence and end up complaining about the forex broker. A lot of inconvenience can be avoided when you read the terms and conditions. Most forex brokers typically require trading a certain volume. It can be 5 times the bonus amount in trading lots. For example a $30 bonus will mean you will have to trade 60 lots (5 times 30) before you can withdraw the bonus or the profits. The rules vary from one broker to another so always read the fine print.

3. Do you really need a bonus?

>forex bonus can be good and bad. It can be good because claiming a no-deposit bonus can be a way to test the broker's trading conditions. You can also claim the no-deposit bonus just to trade with real money and not risk anything at all (except your information of course).

On the other hand, claiming a deposit bonus will lock in your initial capital as well. Think about it for a second by going back to the example in #2. Can you really trade 60 lots with a trading capital of just $130? It is next to impossible. Chances are that you are more likely to lose your entire capital than take any advantage of the bonus.

The influence of forex bonus entirely depends on the trader. At allfxbrokers.Com you can see a list of the forex brokers and the types of bonuses that they offer. If you find a particular bonus to be attractive, click on the ‘read more’ button to know more on the bonus terms and conditions and how you can claim the bonus.

Last but not the least, always be careful when you trade a forex bonus and claim the bonus only when you are fully aware of the terms.

In recent years it has become common for brokers to offer bonuses to clients, which sends an indication that brokers offering bonuses are really keen to get traders on board at any expense. However, a lot of the very large and well established brokers do not offer bonuses and in fact frown upon bonuses.

When you understand that some brokers profit directly from client losses and the majority of clients lose money it becomes clear why some brokers use bonuses to get traders on board. On the other hand the STP brokers only profit from clients’ trade volume so since their profits are not directly based on deposits and losses they cannot afford to give bonuses, and should not be giving bonuses.

It’s important to understand what a bonus is and how it can be used, as its easily misunderstood. First thing you need to know is that bonuses cannot be withdrawn and in most cases expire after a defined period of time, such as one month in many cases. So, if you go to a broker offering a 60% deposit and make a $1000 deposit, your trading account will typically receive a withdrawablebalance of $1000 + a credit of $600. This allows you to hold open positions that require a margin of $1,600, even though you deposited just $1,000. However, it is important to understand that holding positions that require more margin than you have available is putting your account at greater risk of being stopped out. In fact by having a bonus has almost the same effect as increasing the leverage of an account. However, the bonus (credit) is typically withdrawn after a defined time period so all of a sudden any losing positions suddenly become more risky or get stopped out. Therefore, a bonus is in effect a temporary increased leverage and really does not help the trader much.

It is for that reason that we do not recommend using brokers that offer bonuses. The main reason is that brokers that offer bonuses are usually market makers hoping for you to lose money, and the second reason is that there really isn’t any benefit and can disrupt you trading strategy and psychology. Traders are far better looking for a broker offering a higher leverage than a bonus.

South african forex no deposit bonus offers from trusted brokers

If you’re out there looking for a new forex broker to deal with, you might want to start considering working with one that offers a very beneficial bonus for trading with them. Though you might not be aware of what a forex bonus is, in which case, let us discuss the concept with you and explain why forex bonuses are some of the best and worst things south african forex broker or any other broker might offer.

The idea behind a forex no deposit bonus is simple: to attract new customers. There are many types of forex bonuses and all of them are there to attract new traders to a platform. Whether this is a welcome bonus forex broker offer or some kind of bonus received after trading a certain amount, there is no question about it, it is always there to attract a new customer. Some brokers might offer more than others and some scams might use bonus offers as a way to attract new victims, but there is always a way to find out what the intentions of the company are. I believe bonuses to be a blessing, simply because they give you more money to work with and a chance to generate more income, but I also cannot shed a feeling that they are a curse. A curse, since a bonus might make you think that it is okay to take a risk you should not be taking because the money isn’t yours, which results in more money being lost than you should have.

Though let’s get over the philosophical deliberations over what the dangers and advantages of a forex bonus are and get into the thick of it: how do you go about getting some sweet, sweet bonus money on your forex account?

What is a no deposit bonus?

First, let us explain what exactly no deposit welcome bonus is and how does it work. Unlike deposit bonuses, the no deposit bonus is usually the one that most traders are looking for in a new FX broker to work. These no deposit bonuses are welcome bonus forex brokers like to offer the least of. S outh african forex brokers with no deposit bonus will usually offer no more than 400 rand, but it will still be a significant benefit to a trader who knows what they are doing. For experienced traders, a no deposit bonus is like a free, no risk capital that can be spent on experimental currency pairs to see the results. If the capital is lost, it doesn’t mean much, but if it has returned, then the results are positive and indicate that further trading might be a good idea. The bonus can also be a nice piece of bait for the industry newcomers, who do not know which broker to start working with. While this is not a problem if you end up with a good broker, the danger of starting to trade with a scammer or a brokerage that trades against you is very real.

On the other hand, the no deposit bonus forex is also one of the best ways to start trading for a beginner trader. The cause for this is simple – new traders, with little experience, are too afraid to invest real money into forex trading. Many of them spend time working on demo accounts, trying to figure out how the market works. While a respectable endeavor, it is a limited one – a simulated market is not capable of showing the full spectrum of problems that perk up on the real market. This is why a nice no deposit bonus is a good way for a trader to move onto the market without risking their real money on the market.

How to find the best south african forex bonus

Where do you go about looking for F orex brokers with no deposit bonus offers, and how do you find them? That question is one that has bothered many before. If you are new to the industry or are simply looking for a new way to make money within it, a bonus is definitely something you might want to look into. But where?

The best forex bonus is one that is found quickly, easily applied for and easily received. To find such a bonus, all you need to do is check with a forex broker. Most international forex brokers and most south african forex brokers no deposit bonuses get updated during certain times of the year. These times are usually specific seasons when these brokers have had a certain surplus in revenue that they can reallocate towards further increasing their user base. Usually, these become welcoming bonuses for new customers and traders, encouraging them to sign up and deposit money to receive the bonus. Finding such a bonus is not that tough. All you have to do is look at the website of some of the brokers that you might be interested in. If they are offering a welcome bonus, they will usually have it promoted on their home page. If such a promotion is not present on the page, then it is probably not being offered currently.

If you can’t find a bonus with a company that you would like to work with, you might want to find and sign up for their newsletter. Brokerages usually have promotional offers for their clients, those who have signed up for their newsletters or subscribed to their social media platforms. This is where you might find nice south african forex brokers with bonus offers or some kind of alternative bonus program that might interest you.

Better safe…

Though be careful! The hard part of the process is not finding a forex bonus. Forex bonuses are usually offered in droves, and simply searching the words on google will result in a whole bunch of results on the subject. The real complicated part of the process is identifying which of these are legitimate offers and which are simple bait to attract you and then never provide you with the bonus. Whether it is a scam or an unscrupulous broker trying to attract you to trade with them, it is important to consider what kind of reputation the broker has in the south african forex broker community.

Knowing what forex bonus to pick with a south african broker

The process of choosing what bonus to pick with what broker can be a complicated one. If it is not a complicated process for you, you are not doing it right. The thing is, you have to do a lot of research before choosing to trade with a forex broker. Think of it this way, if you were making an investment into a building, that as a bonus offered you to install a pool free of charge, would you not make sure that both the house and the pool are of good quality? Would you not make sure that you are getting what you paid for?

The same goes for south african F orex brokers offering no deposit bonus . You should not invest simply because you are looking to make some free cash, but also because you believe the company to be trustworthy. All south african FX brokers offer some kind of benefit for investing with them, but not all of them offer the same kind of quality of service or reputation. A bonus and broker choice should go together and should be done with great care.

Just consider this: one forex broker is offering a no deposit bonus of 2750 rand as long as you start trading with them, while the other is offering a 350 no deposit bonus. Which company would you start trading with? If you are anything like me five years ago, you will be thinking that the first option sounds pretty good. In fact, it sounds a little too good. While the information provided is not enough to decide whether a company is trustworthy, one thing is true: if something sounds too good to be true, you need to make sure it is not a lie. In some cases, companies will make great promises, only to do their best to not deliver on them. The better the premise sounds, the more likely the broker is to not deliver on it. They might give you the promised money and you make more money off of it, but they will simply block you from withdrawing the money. Or they might make the promise of the bonus once you deposit some cash, but you end up never receiving the bonus and have a hard time withdrawing the money you deposited with them. Whatever it is you do, you need to know why you are picking whatever you are picking.

Something else you need to consider: what kind of terms and conditions they have for their bonuses. Usually, a broker, whether it is a south african FX brokerage or otherwise, will have some terms and conditions attached to the bonus. It might be a no withdrawal policy unless you deposit a certain amount, or unless you make a certain amount of money off of the bonus. It could be that you need to complete certain actions to be able to receive the money. It is important to know these, so you can intelligently apply and gain benefit from the bonus.

Finally, it is important to know the general no deposit bonus withdrawal conditions, associated fees and other possible money related conditions that a forex brokerage might have. If the brokerage has a nice bonus, but does not offer an agreeable spread system, has commissioned or has other aspects that you do not find to be agreeable to you, it is not recommended to try and get the bonus from the broker. Make sure to check if the broker is offering F orex no deposit bonus without verification, this should raise your suspicions and validate more research.

How to avoid south african scam forex brokers and scam bonuses

The way to avoiding the scams we have mentioned so many times up to this point is simple: do your research and know the signs. While this might seem like a complicated and time-consuming process, it is an important one nonetheless. Just like with any other kind of investment activity, you need to know what you are doing, and need to know that your money is safe. This is why you need to research the forex trading scams and treat all others with suspicion. If a broker has an underdeveloped and ugly website, is promising something that might seem too good to be true and has many negative broker reviews online, it might be a good idea to abstain from investing with them, as they are most likely to be either a scam or a very unscrupulous company. Here is a quick checklist of red flags to look for:

If their website is underdeveloped or badly optimized

If they are offering bonuses that seem unrealistic

If they are not licensed by any regulatory body

If they do not respond to chat, emails or calls

If they have bad reviews on official websites, as well as user reviews

Or if they have demonstrated any suspicious activity

These red flags should provide you with enough evidence to decide against investing with a company, despite the amazing bonuses they may offer. We have provided a number of reviews of good and bad forex brokerages in south africa on our page that you can take a look at. Those should be able to help you understand what the best forex broker qualities are and how to choose the best south african broker offering no deposit bonus.