The best way to get started with Forex trading is to sign up for no deposit bonus programs offered by brokerage companies. These bonus programs usually range from a few cents to several hundred dollars. Some of these bonuses are re-depositable and can be increased multiple times until you reach a profit. Before you sign up for any bonus, make sure you read the terms and conditions carefully. It is best to open an account in USD if you plan on trading large volumes. In addition, it is better to open a USD account if you are planning to trade EUR/USD. Only small conversion fees will be incurred if you trade USD-based currency pairs.
HYCM Offers A 10% Deposit Bonus
HYCM offers a 10% sign-up bonus to new clients, which can be credited to your trading account when you make your first deposit. All you need to do is sign up online, and you’ll have to submit a copy of your ID and proof of address. After that, you can start trading right away. HYCM is not available in all countries and regions. To register, you must fill out a detailed financial profile, including your net worth, annual income, amount of available funds for trading, and industry of employment. Additionally, you’ll have to provide proof of residence, either through a utility bill or a recent bank statement.
This deposit bonus is only available to traders who are CIMA regulated and who use HYCM to manage their accounts. It is not available to traders from the UK or EU. You can use the 10% deposit bonus as an extra margin to support your trading activities. However, you can’t withdraw the bonus money. If you use the money for other purposes, you’ll lose your bonus.
Tick Mill Offers No Deposit Bonus
Tick Mill offers a $10 to $30 USD deposit bonus forex brokers to new traders who register with the company. The no deposit bonus can be used to try the trading platform, trade execution, spreads, and trader’s cabinet of the broker. The bonus can be withdrawn in case you earn a profit. Tickmill is an international broker with offices in the United Kingdom, Cyprus, and Seychelles. It has an impressive market share in forex trading. The company offers a no-deposit forex bonus to new clients, which they can use to practice trading. However, existing clients do not qualify for the no deposit forex bonus.
To take advantage of the no deposit bonus, new traders should make a minimum of five standard trades. It is also recommended to verify your identity before funding your account. Some of the no deposit bonus offers are limited to certain countries. The $30 Welcome Account, for example, is not available in Venezuela, Egypt, or South Africa. Also, Tickmill UK clients cannot claim the Get Paid to Trade rebate.
Trade For Bonus
Traders can get $200 in bonus cash if they sign up for a Vantage FX business checking account. Traders have to deposit at least $100 to qualify for the offer. In addition, they need to provide proof of residency. Vantage FX offers three different account types, each with different minimum deposit requirements. The Standard account requires a $200 minimum deposit and features a 1.0 pip spread on EUR/USD. Traders who prefer to use the raw ECN option will get a zero-pip spread on EUR/USD.
Vantage is a great choice for traders looking to follow market developments and want access to quality research. Their platform offers in-house research in a chart format, written content, and trading signals. The company also offers a variety of value-added tools and is ideal for intermediate to advanced traders. There are some important factors that you must look for before deciding on a Forex broker. The first is the deposit bonus. The better the deposit bonus, the better your chance of earning more money. However, be careful and make sure you read all the conditions thoroughly. Some brokers will hide the terms of their deposit bonuses, which is a red flag. You should choose a Forex broker that has transparent terms and conditions.
A flexible payment option is essential for you to be able to withdraw your profits. Make sure your broker offers different methods for depositing and withdrawing your money. In addition, you should check if you can cash out your profits and bonuses easily. Besides the deposit bonus, you should also consider the minimum deposit required for the broker. In addition, each broker charges a fee for each trade and for other actions. It is wise to prioritize the brokers with the lowest fees.