The forex trading bonus no deposit is a financial benefit a trader gets to trade the forex market without any deposit. This is one of the strategies brokers use to get traders to leave the broker they are already signed up with to join theirs – the trader gets free bonus with no deposit, the broker gets a new client and thus stays in business.
There are some things many people do not know about forex trading bonus with no deposit. This information is not hidden, but a lot of times, traders chose not to take a careful look at the terms and conditions, and as such, do not have a grounded understanding of what the bonus is all about. Here are some facts about forex trading bonus no deposit that traders should be aware of
- IT IS NOT A BED OF ROSES ALL THROUGHOUT
There is no easy way to making a successful career as a forex trader. There is work to be dome, and most of them are unpleasant. Gaining a few bonuses at the beginning of it all with attractive spreads, and advanced trade execution technology is nothing but an enticement; which is not a bad thing on its own. If all goes well and profits were realized from trades with the bonus money as the trade capital, that is just a good beginning. There comes a time when the broker will kick back from spread as low as 20% to 80%; usually after the trader must have fulfilled a certain volume of trades; and the commission comes right back in too. This is the time the trader understands that forex trading bonus no deposit is not a bed of roses all throughout.
- THE BONUS MONEY IS ONLY FOR TRADING THE FOREX MARKET
It may interest people to know that the money being offered by the forex brokers are for nothing else but for trading the forex market. The money cannot be withdrawn, used to trade via other brokers’ platform, used to trade other financial markets like the stock market, etc. The only purpose of the forex trading no deposit bonus is for trading the forex market on the platform provided by the broker that offered the bonus.
- THE BONUS IS NOT A LIFELONG THING
So, a trader get a bonus of, say $1000 today, and then relaxes with the hope to trade bit by bit so as not to blow the whole money away – no way. The bonus can only last for a certain period of time after which whatever is left of it (if any) is taken away. At this point, the trader will have to reinvest the profit realized from trading with the bonus, or make some deposits. Traders should know that the bonus is not a lifelong thing.
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