No deposit bonus

[jamesuk]

CFD brokers and Spread bet brokers are very similar. Actually quite often they are the same firm (think of IG Index (S/B) and IG Markets (CFD) )

Both a CFD and a Spread bet are synthetic products that are derived from an exchange that actually physically delivers something whether that be a foreign exchange of currency or transfer of stock ownership.

When you trade either a CFD or a Spread bet product you are betting on the difference in pips between your open price and closing price multiplied by the size of your bet. Your bet size is determined in either units of currency per point movement (spreadbet) or Lot sizes (CFD) which are multiples of a notional trade amount (eg, 1 lot of EURUSD = €100k notional = $10 per point)

The advantage of a spreadbet is unique to the UK in terms of it being a tax free product for most of the participants. there is a misconception that trading a product as a CFD gives you a spread advantage because you are trading directly on to the exchange or with professional counterparties and that's not correct.

You may find a CFD provider who gives you raw spreads plus comm but you may find a spreadbet provider who offers you something better.

Don't dismiss a spreadbet because you think a CFD is better until you compare the CFD offering with the spreadbet offering. There are plenty of spreadbet products and firms that offer better conditions than some CFD providers (and vice versa)

I got your point thank you for the information

 

[Abeer Saba]

hello jamesuk,

i always prefer no deposit bonus, the bounces have lots & lots of terms & conditions that are usually unbelievable, try to read the terms & conditions any broker offer its rare to see flexible one as much as its attempting to pass it as much as its for the best for the long run .

if you have any questions i will be happy to help, Good Luck !!

 

[sun11]

No deposit bonus are like free casino chips in my eyes, specially for new traders. Here is why.

Most of the 5 digit brokers offers $5-$10 bonus, where minimum per pip value is 0.10 cent. With 1:1000 leverage on $5 account, you will have maximum 40 pips in hand to lose before margin call. For skilled trader 40 pips is enough to make fortune. But for new traders its not enough.

There are some brokers who offers $50-$100 no deposit bonus. But most of the cases, those brokers have weird withdrawal conditions or sometimes they turn out as a scam broker.

Another thing, most of the no deposit forex brokers are market maker, stop hunter. So be careful.

Best Regards

 

[jamesuk]

Thanks for your replies, i realise the traps that might occur with no deposit bonus but i see it as free practice. I dont seek for profits cause as you said is very easy to reach the margin call or even withdraw.

 

[fxreviewer]

only need minimum $30 profit and closing 5 lot before you can request a WD

$ 30 bonus is not serious, for example long ago the one broker gave me a $ 1,000 bonus, and from them I have earned $ 3,000 and I withdraw these funds - that is already really can named a serious =)

 

[SamuelTrader]

I`ll suggest you to Read Terms and Condition first before you choose any bonuses.Bonus is a good amount to support your trading but don't never count on it.You can not withdraw the bonus until a certain number of lots are traded. This usually calls for huge over leverage which will result in a blown account for most people.

 

[remme001]

Personally I don't see it as a good thing at all. Your broker is counting on you to over leveraging yourself in order to try and meet the terms of the bonus and more often than not the over leveraging will lead to losses rather than profits. There are other places that offer bonuses and that's casinos. There are more important things to look at in a broker.

 

[mark_barnes33]

I agree with malcr001.If you don't want to fall victim of any free no deposit bonus promotion,you have to look for a transparent and regulated broker.

 

[progix]

I guess bonuses are always tricky and that they could not be considered as the only aspect of choosing any broker. No deposit bonuses are offered to attract new traders for testing brokers internal systems however i believe that you can test any broker while trading its demo account as well.

 

[gerryg]

I agree with malcr001.If you don't want to fall victim of any free no deposit bonus promotion,you have to look for a transparent and regulated broker.

Most bonuses are designed to prompt a trader to take higher risk (increase chance to lose in case it is inexperienced).
But for news trading bonuses are excellent. It increases your trading margin and allows you to squeeze max from the news bet you make. For example I use Нotforex credit bonus with 300-400$ own deposit bet to open 3-4 lot position, instead of 1-2 without it.
When applying knowledge, everything offered by a broker can be instrumental for us.

 

[ffsear]

Their all ****. You have to trade like 300 times the amount of the bonus before you withdraw.

They want you to up your size and and trade out you comfort zone.

 

[Oscar Reed]

Free Ipad with 20k deposit.

No nothing about the broker.

https://www.usgfx.com/LP/iPad/IU.html

 

[gerryg]

Free Ipad with 20k deposit.

No nothing about the broker.

https://www.usgfx.com/LP/iPad/IU.html

Oh yeah sure they will force you to trade 1000 lots to pull that iPad out from their pocket were you will lose the amount equal to 20 iPads.
That's not trading that is a game were serious money can be involved.
I'd never trust them.

 

[SmartFXRebates]

FXOpen has a free $10 STP promotion going,
Tradeo is giving away $25 free,
XM was $30 i think,

We give away freebies every now and then usually to ******** via our twitter account, but these tend to go fast.

sorry, ****** was censored, did not know that

 

[trade2bpro]

I don't trust any no deposit bonus, anyone really got it? please show a proof.

 

[Bessithomfor1984]

You can get many no-deposit bonuses. However usually they are for very small amount $10-30 (********** give up to $100 if I remember correctly) and clearing conditions are terrible. So you end up losing the bonus very fast, but still need to trade a lot before withdrawing anything is possible. Stay the f*ck away from those, that's my advice and always read the terms and conditions of any bonuses.

 

[gerryg]

I don't trust any no deposit bonus, anyone really got it? please show a proof.

Well you do can get deposited without a single penny of yours for example winning competition like Нotforex offers, but no deposit bonuses goes with too impossible conditions to get from them more than pleasing experience on live account.