No Deposit Bonuses - The Best No Deposit Bonuses

Getting a “No deposit bonus” in Forex is not as easy as making a deposit. There are several ways to get a freebie, but you will have to do some research before jumping into anything. Keep reading for more information about Forex deposit bonuses.

Overview Of Forex Deposit Bonuses

It is a common practice for forex brokers to offer their clients a “No deposit bonus” to attract new customers and encourage existing ones to stay. The goal of a no deposit bonus is to get new customers into the habit of making regular deposits and staying active in the market. If you are interested in trying out Forex, the no deposit bonus helps make the transition easy by providing you with some funds to play around with. There is no risk of losing money in any way when using a no deposit bonus from a reputable broker. One of the biggest draws of a no deposit bonus in Forex is that it is easily accessible and simple to use.

However, receiving a no deposit bonus in any form is not easy. It takes some planning and a little bit of luck to make it work for you. There are several ways that you can get a no deposit bonus in Forex, but you will have to do some research to figure out which one is the best for you. Here are the various types of deposit bonuses available in Forex.

Flat Forex Deposit Bonus

A flat Forex deposit bonus provides you with a set amount of money to use on any trade. The bonus is usually given as a coupon that you can use within the platform. When used, the coupon adds the bonus amount to your existing balance which will then be available to trade with. The flat Forex deposit bonus is probably the most straightforward and easiest to use of all the bonuses offered in the platform. The upside is that it is extremely generous and does not require any special action to access it. The downside is that you will most likely be competing with many others for the limited amount of available funds. The best part is that this is usually the default bonus given to new clients when they open an account with a broker. It is therefore highly recommended for new subscribers to try this out as it is the simplest and quickest way to get started with Forex.

Compound Forex Deposit Bonus

A compound Forex deposit bonus is an investment opportunity where you invest a certain amount of money in a portfolio that generates profit. When you make a deposit using this type of bonus, you are usually asked to choose a specific investment vehicle. Once the money is in your account, you will be able to trade in the market using the bonus money. You make money whenever the portfolio generates profit. One of the best parts of a compound Forex deposit bonus is that you do not necessarily have to make your initial investment quickly. You can let the portfolio generate profit for you over time and continue to re-invest the interest as it comes in. The downside to this type of bonus is that you are not in full control of how your money is being managed. You have to trust the expertise of the portfolio manager. Another disadvantage is that it can be difficult to cash out your investment without experiencing a large tax bill. Nevertheless, the compound Forex deposit bonus is one of the most popular types of no deposit bonuses in the market because it combines a generous amount of money with a highly competitive edge. Just remember to find the best compound investment vehicle for your specific needs and objectives before making an investment!

Triple Up Bonus

A triple up bonus is one where you get a flat fee of $5, $10, or $15 for each trade with a $100 deposit plus an additional $5, $10, or $15 for each successful “trick” (profitably executed trade). A triple up bonus requires the most effort to qualify for and use. You will have to deposit a total of $500 or more into your account before you can begin using the bonus. Once you have reached this amount, you will be able to “triple up” on any winning trade. This amounts to a $300 bonus or a full $500 if you trade successfully. The downside is that you will have to keep on keeping on since this bonus requires so much maintenance to make it worth it. In most cases, you will have to deposit at least $500 into your account every month just to keep the bonus available for use. This is a common practice with all the multi-up bonuses in the market. Nevertheless, if you are looking for a way to make quick cash, this type of bonus might be for you.

Match Bonus

A match bonus is quite similar to a triple up bonus except that you are matching the bonus on each trade. For example, if you are matching a $10 bonus on each $100 deposit, you are in effect banking $10 for each trade. Like a regular deposit bonus, a match bonus also requires a $500 minimum initial deposit before you can begin using it. The difference is that you are not required to make additional deposits to maintain your account and the bonus is paid out immediately upon meeting the $500 requirement. The match bonus is one of the most popular types of no deposit bonuses because it provides a quick way to make money. The downside is that the amount of money you are making is not as high as it could be if you were to use a more complex bonus structure. Matching bonuses are generally best used in combination with other types of no deposit bonuses to create a customized plan that suits your specific needs.

Progressive Bonus

A progressive bonus is one where you receive a set amount of money for making the first deposit and then additional deposits start making you more money each time you deposit. You will need to make a minimum initial deposit of $200 to claim your initial 20% bonus. From this point on, you will start making money with each successive deposit you make and the earnings are added to your account. The 20% bonus will increase in size each month that you make a deposit until you hit the $3000 minimum to maintain the progressivity of the bonus. The upside to this type of bonus is that it provides a steady stream of revenue that you can count on. The downside is that you will have to keep making deposits to maintain this stream of revenue because the bonus is based on your monthly deposits. Like other types of no deposit bonuses, this can be tricky to cash out without incurring a large tax bill. It is therefore not recommended for use by individuals who intend to keep their account for the long term.

These are just some of the different types of no deposit bonuses that can be found in the Forex market. Remember to do your research before jumping into anything since the best bonus for you could depend on several factors. Be sure to consider how much money you are willing to lose, how much time you are willing to put in, and how much effort you are willing to make before deciding which type of bonus suits you best.