No Deposit Bonus in Forex

No Deposit Bonus in Forex

Before we discuss the advantages and disadvantages No deposit Bonus Promotions Forex / Binary Option, we must first understand what it is no deposit bonus promotion.

What is Forex No Deposit Bonus?

No deposit bonus promotion is a promotion created by a Forex broker / binary option by providing a number of free capital for his client to be used for Forex trading / binary option where capital or profit can be withdrawn after fulfilling the requirements determined.

Each broker has its own requirements – that differ from each other such as the need to meet several lots, profit should be a percentage of the initial capital and so forth. As a client we must also be smart to choose this promotion to see the credibility of the brokers do not let us be fooled by the broker who is already scam.

Here are some advantages and disadvantages of the no deposit bonus promotions:

Advantages: (Advantages of No deposit Bonus)
1. For the broker as an introduction for those new clients to test their platform.
2. For clients free capital that can be used as a learning Forex trading / binary option to hone their trading strategies and techniques.

Disadvantages: (Disadvantages of No deposit Bonus)
1. Requirements are frequently changing and complicated which makes the client gets confused.
2. Usually when we are trading with a free capital we ignore money management, market entry does not fit our strategy.

By andri refa priyanto