Broker deposit bonuses are one of the bonuses that traders often look for. However, not all forex brokers have their own broker deposit bonuses. So, what are the steps and requirements that can be taken to get this broker deposit bonus? Before continuing the discussion of this article, make sure you also read other articles from GIC such as Learn Forex Trading from Zero, Guaranteed to be Able!

What Is A Deposit Bonus Broker

Brokerage firms use forex bonuses as a promotional offer to attract new traders. A forex bonus is a fixed amount or percentage of the initial deposit, and traders are usually allowed to access it as soon as they open an account, make a deposit, or start trading. Simply put, a no deposit bonus is a sum of money that is given to you as a trader just for completing the broker registration process. This means that you do not need to deposit any of your own real funds to gain access to this no deposit bonus. A broker deposit bonus is a bonus that can be traded on a real live forex account that is given by a forex broker to first-time forex traders without requiring a new deposit. This type of no deposit bonus is popular in South Africa, Malaysia, and Indonesia. However, it is not eligible for residents of the US, EU, and certain other jurisdictions.

How To Sign Up For No Deposit Bonus

To get a no deposit forex bonus, you just need to create an account by registering with all your personal details. First, choose the base currency that suits you best and Who can use it to manage your account operations. The most common base currencies are USD (United States Dollar), EUR (Euro), GBP (Great Britain Pound), JPY (Japanese Yen), AUD (Australian Dollar), RUB (Russian Ruble), and Others. Then, you will get a bonus based on the currency you chose as your base currency. However, the amount of bonus you will be given will depend on the broker you choose and their current offer campaign.

Can I Withdraw Bonuses at Deposit Bonus Brokers?

Usually you can withdraw your no deposit bonus, although you will need to meet various criteria first which can vary depending on the broker. They will usually give you access to the bonus straight away and you can start trading with the bonus, although if you want to withdraw the bonus amount you will need to meet certain requirements. In terms of profits made from the bonus you have, these can usually be withdrawn without many conditions.

Standard Terms and Conditions of Deposit Bonus Broker

There are certain terms and conditions that are in every trade involving no deposit bonus campaign. Terms and conditions include but are not limited to:
  1. No Deposit Forex Bonus is given to clients with a real trading account.
  2. Applicants must verify personal identity/KYC.
  3. The amount varies from broker to broker, from time to time and campaign to campaign.
  4. This offer is available to clients who have met the promotion eligibility criteria, such as country/region, applicant age, age, etc.

Steps to Follow When Getting a Bonus

Simple steps in obtaining a No deposit trading bonus include:
  1. Register with the right broker
  2. Sign in to your account
  3. Upload/provide documents for verification if required
  4. Claim no deposit trading bonus

Advantages of Deposit Bonus Brokers

Deposit Bonus Broker is offered to new clients on opening their account. It is a congratulatory gift for new trading clients. Therefore, this bonus is only valid on the first deposit.
  1. This provides additional financing for clients who are unable to make extensive deposits.
  2. Some brokers with welcome bonuses offer this gift without a deposit. So, traders can learn the rules without risking real money.
  3. Welcome bonus funds can be used to cover trading losses
  4. Bonuses allow you to trade completely risk-free but still benefit from using real money in trading.
  5. With some brokers, you may not even need to fully verify your account to gain access to the bonus.

Difference Between Forex Deposit Bonus and Forex No Deposit Bonus?

Some novice traders do not understand the difference between these two types of Forex bonuses. Below are some of the differences between no deposit Forex bonuses and deposit bonuses.
  1. To get a deposit bonus, you have to deposit some money into your trading account. On the other hand, you don't need any deposit to get a no deposit bonus.
  2. No deposit bonus does not depend on the amount you deposit. Deposit bonus will depend on the amount of deposit the client makes into the forex trading account.
  3. No deposit forex bonuses are only given to new clients, while deposit bonuses can be given to new and existing clients for the next trading level.
  4. Deposit bonuses are given a percentage of the amount you deposit, while no deposit bonuses are a certain amount given to traders.
Forex deposit and non-deposit bonuses meet the needs of different users, such as beginners and experienced traders. No-deposit bonuses help beginners to learn strategies in the broker's operating platform. For example, at a broker, while deposit bonuses help experienced traders to strengthen their limits and spread their trading balance, it is possible to enter into larger trades that generate higher profits. A simple strategy is to sign up with a forex broker, with top-level experience, whose trading bonuses match the needs of traders. They also need to communicate that there is more to the attractive incentive than just a large percentage. You need to look at the terms and conditions of using the allocated forex bonus before accepting it. Forex bonuses are fantastic for making money. However, first of all, new traders need to learn which Forex brokers have the most suitable bonuses for them. Each Forex broker bonus has its advantages and limitations. That is why you need to do a thorough search before taking advantage of the bonus. Since there are several bonus programs, you will definitely find one that best suits your trading style.

GIC Bonus Broker

By knowing this deposit bonus broker, you can find out what bonuses are available at GIC. There are quite a lot of bonuses at GIC. One of them is a bonus for IB affiliates. For those of you who have invited people close to you or others to join GIC, you can get a big bonus from the GIC IB affiliate program. You can continue to increase your IB level, so that the bonus can increase in number to be obtained. In addition to the existing bonuses, GIC also has a rebate of 5 GICT/lot for those of you who trade with GIC. Of course, for each bonus or rebate itself, there will be terms and conditions that apply to be applied. So before choosing a broker or wanting to get the bonus and rebate itself, you need to pay attention to all the terms and conditions. After knowing about the deposit bonus broker, you can start trading at GIC and enjoy all the bonuses available. In addition, you can register to trade at GIC and get all the bonuses on our platform!