Question: What's the merit of Forex “No Deposit Bonus” offered by online brokers?
A number of online Forex brokers offer “No Deposit Bonus”.
It is the ultimate bonus promotion where you can receive some funds for free to start trading Forex.
You can invest in Forex without risking your own funds, and there is literally nothing to lose for you.
What is the merit for brokers?
Giving out their money to traders for free seems really gorgeous and also sketchy at the same time.
But please do not worry, because there is no catch or some fraud plans brokers working on.
By offering No Deposit Bonuses, brokers can:
- Earn more information of more clients and let them open accounts
- Let the traders to experience their service
- Promote the brand through advertisements and its partners
Some brokers also counter-order trades, so in case a trader loses all the bonus amount, the broker will earn the profits of the same amount instead.
Also you are often required to make a deposit or trade required amount to withdraw the bonus amount and/or the profits generated on the bonus amount.
No Deposit Bonus Promotions are made as win-win promotion for both traders and brokers.
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