No deposit bonus from brokers. Any suggestions?

[radex78]

Bonus from a broker usually has certain rules and not all beginners easily can fulfill all rules to be eligible to withdraw a profit bonus, when beginners are interested to take a bonus with no deposit even in big numbers, better check and make sure the term and conditions are easy.

[Ritesh.R]

I have a better option: instead of searching for brokers that provide bonuses, it is better to use a broker that can have an advantage during trading. For instance, I use FP Markets mainly for scalping since the spreads drop to 0.0 pips in EURUSD and the commission is $3 per lot, which is lower than most ECN brokers I have come across.

[radex78]

The key success in forex trading is has profitable trading strategy, how to becomes profitable trader is not easy at all, it depends to the skill of traders, I see in the contest FTC 2023 forexcup.com the first rank accumulated profit more than 500%, meanwhile he ever god 600%, it is means result from trading is unstable, sometimes up and down like the chart itself. 

[Hudson]

It is better to avoid using any broker that provides bonuses because they either have a condition to be met, and I suggest using proper regulated brokers like Vantage or FP Markets that provide good trading conditions.

[radex78]

Bonus no deposit attract many newbies to start using the platform trading, however, they need to learn the term and condition to be eligible to withdraw a bonus, often a number of bonus is just tricky because need to make a certain deposit and fulfill certain position size to be eligible withdraw profit bonus.

[Kennith.Ric]

It is better to avoid trading with brokers that provide bonuses because bonus brokers have a catch to obtain the bonus, and some use it as a method to scam and lure in new traders.

Using regulated brokers such as CMC or FP Markets is a better option because they have regulation from govt bodies and provide robust trading conditions.

[nanamage]

I really enjoy trading with Freshforex Broker, which offers a tradable deposit bonus promo and also a new welcome bonus.

[RodriJames12]

I do not mind if the broker does not provide any bonuses because I look for good trading conditions and reliability, like at FP Markets.

The commission cost is lower at $3 per lot, with spreads starting at 0.1 pips, and since it is regulated by ASIC, they adhere to strict capital requirements, so there is no room to worry about the money.

[RodriJames12]

I do not mind if the broker does not provide any bonuses because I look for good trading conditions and reliability, like at FP Markets.

The commission cost is lower at $3 per lot, with spreads starting at 0.1 pips, and since it is regulated by ASIC, they adhere to strict capital requirements, so there is no room to worry about the money.

[James Mcgrant]

I have to agree with the above post; it is true that using a bonus broker is not that safe because they are not regulated and do not have a proper customer service team to guide you through the bonus offer.

[radex78]

Read the term and conditions before taking a bonus as your main goal to join the broker, many new traders fall into the trap because of misunderstanding, sometimes the broker offers a fantastic bonus but to make money from its bonus very very difficult because needs filled all tasks provided.

[bigxy]

Yes i guess you are right everyone need to go through the terms and conditions before availing any bonus.

[radex78]

Reading the term and conditions regarding bonus is essential, if likely easy to make a profit from bonus, hence no problem to try out, however if likely very difficult to make a profit from bonus, leave it rather than confuse

[jamante]

I trade at hfm i believe there is a 30 no deposit bonus, but yes one need to understand the term that comes with it to avoid the confusion.

[FXOpen Trader]

On 7/26/2023 at 2:33 PM, jamante said:

I trade at hfm i believe there is a 30 no deposit bonus, but yes one need to understand the term that comes with it to avoid the confusion.

We must try to use the trading based funds so that our income can also get increased.

[pandabox]

I don't recommend these no-deposit bonus but if it's a genuine broker then you can try it out, remember to check T&C.

[bigxy]

When we have trust in our own trading capabilities then we can go with our own funds rather than claiming bonuses from any broker.

[instantorder]

I truly think these no deposit bonus are for getting started with a broker or test out features/strategy. You cannot make money without spending money. 

[jamante]

becarefull of these no deposit bonuses, not all are in you advantage, though im not sure if HFM still offers a 30 no deposit, these most of the time are simply used to test the live markets. and i usualy trade with no bonuses

[boltushkin]

I do not mind if the broker does not provide any bonuses because I look for good trading conditions and reliability, like at HFM

The commission cost is lower at $4 per lot, with spreads starting at 0 pips, and since it is regulated by FCA, they adhere to strict capital requirements, so there is no room to worry about the money.

[bigxy]

Exactly this is the point, traders with real skills look for trade conditions rather than bonus offerings since bonuses always come up with certain terms and conditions so if anyone still looking for bonuses they better read those terms before availing such bonuses.

[boltushkin]

On 6/7/2023 at 1:49 AM, radex78 said:

Bonus from a broker usually has certain rules and not all beginners easily can fulfill all rules to be eligible to withdraw a profit bonus, when beginners are interested to take a bonus with no deposit even in big numbers, better check and make sure the term and conditions are easy.

HFM used to offer no-deposit bonuses, though I’m not sure about the current situation. However, there’s little point in getting accustomed to no-deposit bonuses; if there’s no sense of loss, there’s a high risk that irresponsible trading will become ingrained, which could backfire later when trading with your own funds.

 

[bigxy]

Trading only backfire when we prone to high risks and does not know what we are doing. This usually happens to the new traders who join this marketplace and treat the trading business as gambling.

[boltushkin]

On 11/4/2024 at 9:12 PM, bigxy said:

Trading only backfire when we prone to high risks and does not know what we are doing. This usually happens to the new traders who join this marketplace and treat the trading business as gambling.

Yeah that's why I keep my leverage with HFM low, at 1:50, and prefer slow but steady gains over large and fast ones. This approach helps to promote discipline and avoid large swings in equity which is often seen as bad indicator of trading performance.