The various offers when trading through a broker are very diverse. You will be treated to bonuses and benefits from each broker you choose. This includes the No Deposit Bonus Forex offer that you can enjoy at several brokers. So this time, we will discuss what is a No Deposit Bonus Forex that is commonly offered at some of these brokers.

No Deposit Bonus Forex is one of the offers in forex trading that has been given by brokers when they want to trade without spending a penny. This bonus is a real bonus and is not for demo or trial. For more details about this Forex No Deposit Bonus, you can understand it through the article below. But before that, while we are learning about forex, you can fill out the Trader Assessment survey for traders who consult with GICTrade.



What is a No Deposit Bonus Forex

If interpreted literally, this forex no deposit bonus is a bonus that will be given for free and can be traded on your forex account for real time (not for demo or trial) that has been given by the chosen forex broker to beginner forex traders or who are registering with the broker for the first time, so that later the traders do not need to make a deposit first.

This idea may sound very new in some countries, but bonuses with this application have been quite popular in several other countries such as South Africa, Malaysia, and our country. However, this bonus cannot be eligible if it is applied to the US, the European Union, or several other regions that have almost the same financial regulations.

The main purpose of giving this bonus is certainly to provide encouragement for prospective traders and the general public who do not really understand trading by not being too hesitant to be able to start trading or trading forex itself. Of course, this bonus will certainly be offered to prospective traders if they have tried to use their demo or trial forex accounts.

When this prospective trader starts to get interested and wants to trade in real-time with the broker, but still shows hesitation, this is when the trader can take an opportunity to be able to take this no deposit forex bonus offer without spending a penny to make this investment/trade.

There are already as many as 10 percent of all forex brokers that exist with such facilities. Of course, prospective traders must also be able to meet all the existing requirements so that they can get these facilities. You don't need to doubt this No Deposit Bonus Forex offer, because it is relatively safe, but it will also usually depend on the hard work and critical endurance of the prospective traders themselves.

If you are a person who is very interested in being able to trade this forex and has felt very well mastered the demo and trial accounts, the next thing that needs to be done is to do research. When you are choosing several brokers to choose to create a real-time forex trading account, you need to do research on the track record of some of these brokers.

Some brokers will also usually offer other bonuses commonly called 'welcome bonuses', but you still need to be vigilant. The best forex broker can be seen in several ways such as how quickly the broker responds to phone calls and emails, responses and comments from clients on the broker's official website (a qualified trading company will certainly have its own website and even forum), reviews from other traders on the broker's social media, and many other ways.

Also keep in mind that, when the broker is providing the No Deposit Bonus Forex, they do not experience any losses, because the broker's goal is to make beginner traders feel comfortable in terms of making transactions. If viewed psychologically, if you are experiencing losses without your own money, then you will tend to want to continue practicing and learning, so that at that time you will feel able to do the trade. After knowing how the No Deposit Bonus Forex offer itself is explained, it's a good idea for you to fill out an internal survey regarding your satisfaction with GICTrade first.

Also read : 

Deposit Bonus Brokers, What Are the Steps and Conditions?


Function

Next there is the function of the No Deposit Bonus Forex offer itself. As mentioned earlier, the functions of this offer can be said to be very numerous. The following functions of the Forex No Deposit Bonus itself are:
  1. to provide encouragement for prospective traders and the general public who do not understand trading too much so that they are not too hesitant to be able to start trading or trading forex itself.
  2. Used by prospective traders who are starting to be interested so that they want to trade in real-time with the broker, but still show hesitation, at this time the trader can take an opportunity to be able to take this no deposit forex bonus offer without spending a penny to make this investment/trade.
  3. In order to make beginner traders feel comfortable in terms of making transactions. Which makes you will want to continue practicing and learning, so that at that time you will feel able to make the trade.
Well, for those of you who are still learning and want to continue learning in trading, you can do a Preliminary Test from GICTrade to be able to find out how talented you are in doing trading.

Requirement

After knowing what the functions of the Forex No Deposit Bonus offer itself are, this time we will learn what are the requirements that must be met to be able to get the Forex No Deposit Bonus offer. These requirements are:
  1. To get this offer bonus, you must have a verified trading account. This means that you must register first.
  2. Fill in the data completely on the registration and also in accordance with your personal information that is still valid and still valid today, including on your e-mail address and mobile phone number in Indonesia.
  3. You will also be asked to attach a citizenship document that will explain your own national identity, the attachment can be in the form of a passport document or a national identity card (KTP). This is why some brokerage companies call this type of bonus offer a welcome bonus or welcome bonus for traders who have just joined and have successfully created their new account.
Before continuing to the next discussion about brokers that offer Forex No Deposit Bonus, you can also get other income bonuses by joining to become an IB on GICAaffiliate and get bonuses when you join the program!

Broker dengan No Deposit Bonus Forex

For those of you who are confused about choosing which broker will provide the Forex No Deposit Bonus offer itself, then here we summarize the list of which brokers have these offers. The list of such brokers is:

Broker FBS

One of the Forex brokers that is quite popular in Indonesia is FBS, because FBS usually holds bonus programs and contests that are very attractive and can also benefit its traders. One of them, FBS offers a No Deposit Bonus. There are several no deposit programs that they offer, namely a $50 bonus and a $123 bonus.

Usually these bonus programs will often be held alternately within the period of time they specify. You can visit the official website of this FBS broker to get information about the promotion and also follow the registration until the end of the period provided. For the bonus that will be given later, you can use it to trade any product in the broker. But of course there are certain rules that will be used and must be met in the withdrawal of profits itself. Therefore, you have to take a good look at the promos that have been offered before you register.

Broker InstaForex

Instaforex broker has also become one of the well-known brokers in Cyprus that also offers a no deposit bonus when you first sign up. You can use the initial bonus provided by this broker as a deposit for initial capital. In addition, InstaForex broker also often holds various special promos that are used as No Deposit Bonus programs. The bonuses offered by Instaforex itself also come in a variety of ways, ranging from $10 to $1000, depending on how the promotion is being held.

But if you are unlucky with this promotion, then you can still get another bonus program by going through the demo trading contest that is usually held by this Instaforex broker. The Demo Trading Contest is a contest of Forex trading that will use a demo account with virtual money that has been prepared and obtained from the instaforex broker itself. So you don't need to spend money at all if you want to participate in the contest. And if you manage to become a winner, then later you can get a prize in the form of free starting capital so that you can use it to trade into your account with this InstaForex broker.

Broker OctaFX

Another broker that usually also offers other attractive bonus programs is OctaFX. This OctaFX broker often offers promotions in the form of free no deposit bonuses. If you want to get this offer, you are required to test your trading skills first by playing in the demo trading contest competition that they have held, with at least you can be ranked in the top 3 or 5. So that's where later you can get these prizes that you can use for initial capital in trading. There are 2 contests that they often run, namely the Champion Demo Contest and the cTrader Weekly Demo Contest.

Broker FXOpen

FXOpen may be a broker that rarely updates their promos, but they will tend to be constant in offering various bonus programs and contests in the long run. For programs such as no deposit forex, they have long offered STP accounts. Similar to other forex brokers, this policy regarding forex no deposit bonuses cannot be withdrawn or credited to your own trading account. You must continue to trade the bonus in accordance with the applicable regulations. Please review the terms and conditions before you register for any forex broker account.

Broker XM

XM broker has become the best broker with a new user offer that will receive a bonus of $30 without any deposit. In addition, they also offer the opportunity to be able to start trading using the free capital of the XM broker independently through a welcome bonus and also a competition on a demo account at the XM Arena. You can use this welcome bonus to make transactions where later you will have direct access to these benefits.

Broker Grand Capital

This Russian broker also has promotions that are arguably quite attractive. Every trader who has just opened a trading account will receive a welcome bonus of $500 from this broker Grand Capital. In addition to the no deposit bonus promotion, Grand Capital also does not forget to hold a demo contest that traders can participate in, especially for beginners. This broker with the LAMM Forex service provider, will offer three options to be able to conduct a Forex Trading Demo Contest with prizes starting from $200.

Broker Forex FXTM

FXTM is a relatively new broker, but it can be categorized as a trusted broker that also supports Indonesian. According to the promo page on the official FXTM website, when you switch to the FXTM broker, you will be given a welcome bonus of $30 on your free capital. If you have used another broker and want to switch to an FXTM broker, then you will get the free capital bonus in trading. If there is a profit, then every profit you have obtained can be increased by trading it with the broker.

Broker Forex Alpari

This Alpari Forex broker is a broker that also holds trading contests frequently. A very popular trading promotion among traders of the Alpari forex broker is a contest using a demo account commonly called the "Virtual Reality Contest". After knowing some brokers that offer these no deposit bonuses, you can also trade on GICTrade by downloading the application on the Google Play Store or App Store via your Smartphone.

Difference Between No Deposit and Welcome Bonus

For those of you who are still confused about the offers that are usually obtained in a broker, especially on No Deposit Bonus Forex and Welcome Bonus, you can understand it through the explanation below.

Welcome Bonus

Not much different from the name that has been given to this type of bonus, this welcome bonus also functions as a welcome gift for traders to welcome traders who have just registered. Because of this, this welcome bonus will only apply to traders on their first deposit. There are several forex brokers that have stated the amount of the welcome bonus they give directly in currency such as,

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Forex bonus $30, $50, etc. However, there are also brokers who announce it in the form of percentages such as 15%, 20%, etc. The amount of the second welcome bonus will be calculated from the amount of the deposit that the client has deposited. So if the larger the funds they have deposited, then the more deposit bonuses they will get. Since the second offer encourages traders to immediately make their deposits in large amounts, it is not surprising that you will find more brokers who will later offer the usual welcome bonus in the form of a percentage.

No Deposit Bonus Forex

As for this type of No Deposit Forex Bonus, it is quite unique because they will provide trading opportunities for you without capital. Forex brokers will later provide trading capital in a free way, so you don't need to deposit any deposit to be able to start trading on your own real account. This very tempting advantage will usually mostly apply only to the first deposit, so this no deposit bonus can still be categorized in the welcome bonus promo itself.

After knowing what the No Deposit Bonus Forex promotion itself is along with its functions, examples of brokers, and differences with other bonuses, for those of you who want to trade using this bonus, make sure to check and do research on the broker you want to use. Both the brokers on the list above and other brokers. Because at any time each broker can change the terms or deactivate the offer. You can understand and share the summary of the discussion "No Deposit Forex Bonus, Trading Promo for Beginner Traders" to your friends who still do not understand the meaning of the offer itself.

If you still want to learn trading itself, you can find other info on the GIC Journal with discussions about candlesticks, how to trade, chart patterns, and others such as "How to Use and Trading Strategies on Renko Charts". In addition, for those of you who want to get more extra income, you can join GICTrade by inviting your friends who want to join and get bonuses that you can use as trading capital as well!