No deposit bonuses in spread betting , ways to cash out ?

Chartsy

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Hey guys ,

There are tonnes of betting no deposit bonuses in all things gambling but also trading. I am wondering how to cash out on these free bonuses .

The obvious solution is to , if a bonus is 100 say , to go long and short with two different Brokers and unlock the bonus . Problem is that if you profit on the bonus account you can only unlock the profits from this trade if you bet a certain wager amount /number of lots .

Am I correct in saying that if I have a 100 no deposit bonus , and make 100 with that, I can't actually take out the 100 profit ? Or is it only the bonus itself that is not cash able ?
 
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