Forex no deposit bonus is usually offered to new customers who have just recently registered on a DEMAT share trading platform. The primary purpose of offering this type of bonus is to encourage them to invest more on shares and stocks using a particular trading wallet or platform.
It is also helpful in letting investors understand how to invest money towards buying stocks and shares. Investors become eligible to receive FOREX bonus as soon as they register their profile on a trading platform. However, these bonuses are offered by various stock brokers and they may follow different eligibility criteria before offering the bonus to the investor.
How Much Should I invest to get FOREX Bonus?
Actually, FOREX bonus is provided to new investors without any cost. Depending upon the broker’s current promotional plan, all FOREX bonuses are up for grabs absolutely free. But investors need to follow certain conditions in order to withdraw it into their bank accounts.
Process of withdrawing the Bonus into your Bank Account
It’s tricky. Some brokers allow you to easily withdraw the entire amount of bonus without any restrictions. But some brokers impose a restriction on the bonus withdrawal. It means you have to either make a transaction worth a certain amount or complete at least six months on the trading platform to withdraw the bonus amount.
Please contact your stock broker and get all your doubts cleared regarding no deposit Forex bonus before signing up on that trading wallet or app.
Top 5 Factors to Consider While Opting for No Deposit Bonus
- Check if the trading platform allows you to select your base currency in EURO or USD.
- Read all terms and conditions along with relevant details before getting yourself registered on the Forex trading app.
- Check the process of withdrawing no deposit FOREX bonus.
- Verify if the scheme is valid in your country or not.
- Check if you have all the necessary documents at your disposal or not.
Filing Your Request for Withdrawing the Bonus
- Register yourself on a Forex trading platform.
- Once your profile is activated, log in with your credentials.
- Submit copies of all necessary documents (in electronic format) as required.
- Make sure you are fully compliant with KYC norms.
- Submit your request for the FOREX bonus either on the app or send an email regarding the same to the customer support department.
- If your request is genuine and valid, you will get the FOREX bonus into your bank account.
But brokers follow various rules to offer you that bonus. You need not hurry. Just follow their guidelines and make yourself eligible for the same.
Opt for Experienced and Well-known Brokers
If you are opening your FOREX account for the first time, opt for experienced FOREX brokers. Usually, reliable brokers often launch FOREX bonus options for beginners and new customers from time to time. Moreover, they are the ones who enjoy greater credibility in the FOREX market with a huge customer base across the globe.
So you can safely register yourself on a FOREX trading account, which is popular and well-known.
Check FOREX licenses, online reviews, and experience of these brokers before finalizing one. Usually, brokers who have valid licenses like the FCA, FSCA, CySEC, and others are reliable and safe. Also, check out if they offer a dedicated customer support helpline or not. The customer support department must provide you with advanced facilities like live chat, a 24-hour helpline and email id.
The Conclusion
You shouldn’t open a FOREX trading account with the sole purpose of earning a bonus. It’s just a sort of encouragement to make you invest more in various foreign currencies. Your primary aim of opening a FOREX trading account should be to earn profit through FOREX trading or long term investment.
