Dear fellow traders,
Today I will tell
you some facts about these nice bonuses that you get when you start trading
with some (forex) brokers like www.markets.com or www.caesartrade.com 400%!.
But what's behind this bonuses? Why do they give these?
The fact is,
brokers earn their money when you execute trades, hold your trade go over the
weekend, commissions, fees, and sometimes even commissions (some percentage of
the winning of your trades!).
Brokers will try
to help you, some with signals for positions, and expert advisors. They want to
keep you as long as possible, so it's not true that a broker would like to see
you go. (This might not be totally true, because I heard that some brokers
place the opposite order of what you do!).
Last week I saw
this page where all (forex) brokers were listed who had competitions, or
non-deposit bonuses. But these bonuses can't in most common situations, not
been withdrawn. At some brokers there is the possibility to withdraw the profit
you made with the account such as Markers and Forexyard. But most company's will
try to keep the equity on the platform, so you will keep trading with them.
It is lucrative to
register at those brokers for a non-deposit
bonus, you can not only test their platform for free, but also check their commissions,
executions times, support and terms and conditions. Besides this, some (forex)
brokers also have some forums where you can ask for signals.
Take a look at
this site, it's quite a good view of the sites that have these kind of free
money. I would recommend to look at the terms and conditions of these
non-deposit forex bonuses, because you will need to trade quite a bit of lots
to be able to withdraw the money.
Some trades do
also give bonuses on (first)
deposits. This is just a kind promotion they have. But when brokers will
offer you more as 50% bonus,
there might be something from, please keep that in mind. Because, why would
they offer this to you?! The only way to earn this back is to charge you really
high commissions or fees.
I do, and so
should you, read the terms and conditions about the broker. This is a serious
business, and you need to take
it seriously, its real money, and sometimes a lot either.
If you have any
questions, about bonuses, how I did some things, or what sites I used for the bonuses, you can contact me below
or on the right side.
You are always
welcome to ask me about brokers, and any experience I have with them and I will
try to do the best as possible for you as well.
Have a nice
trading week ahead! Next time I will tell you one of my secrets about.. where to get good and free Forex signals!
Vince Roestenburg
I agree. Forex no deposit bonus is a great way to start trading with real account. It is much better than demo.
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