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Page Not Found " arcond. Addressed all. What code is in the image? com All rights reserved Forex bonuses are published for the informational purpose only, and should not be treated as an invitation or encouragement to invest in Forex trading. Forex trading carries high risks of encountering substantial losses for non-professional investors. Find it here.. Latest updates DSG Financial Services Limited Deposit Bonus. updated: November 21, updated: November 20, Latest Comments Updated: November 22, read..

Comment: November 22, Author: maxx I started to trade this bonus on November 17th and finished today with profits above usd and also 5 lots traded. Comment: November 21, Author: G K WILLIAM I am really glad to meet their promotions and leverage as well as daily reports, trade signal, which is beneficial to use apart from it, it easy to withdraw without any charges but I suggest them they should offer mt4.

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co Welcome Package TradeSimple Welcome package forex Treasures Education. Trader November 12, Trader November 9, Trader October 25, Trader October 17, Trader October 13, Trader October 11, Trader September 30, Trader September 14, Trader September 2, Trader August 29, Trader August 28, Trader August 9, Trader August 2, BestForexBonus July 29, Trader July 29, Trader July 27, Trader July 22, Trader July 19, Trader July 16, Trader July 14, Trader July 8, Trader July 5, Trader June 29, Trader June 14, Trader June 11, Trader June 7, Trader June 4, Trader June 1, Trader May 24, Trader May 23, Trader May 16, Trader May 7, Trader April 27, Trader April 23, Trader April 5, Trader March 24, Trader March 15, Trader March 2, Trader February 26, Trader February 23, Trader February 17, Trader February 12, Trader February 10, Trader February 7, The forex broker will either send you a code via SMS or voice call.

It can be done within 10 seconds. Proof of identity requires you to submit a color-scanned identification document. Generally, you can submit either a passport, a national ID, or a driving license ID card. The commonly required documents are utility bills, bank account statements, a national ID with an address on it, and anything that can prove your residential address. Forex brokers are very strict when it comes to this topic.

Besides the verification, they also restrict the bonus to new traders only. It makes sense, of course, since that is the purpose of the entire forex bonus.

If you have claimed a no deposit bonus before from the same broker, you are not eligible to claim the same type of bonus. Not only that, your close relatives, but your housemates who share the same residential address and the same IP address also are not allowed to sign up for the free bonus. Before you apply for any no deposit bonus, it would be great to know whether your housemate has already done so.

After you have claimed the bonus, it is time to trade. Since you are given a free bonus to trade, you are automatically restricted by certain rules and regulations in the trading. This refers to the lot size of the order. Some brokers restrict their traders from opening orders with big lot sizes. As a trader, trading with a small lot size can be disheartening because, at the same time, traders need to fulfill a certain trading volume to be eligible to withdraw profit. It is a strategy of forex brokers to stay active with the brokerage.

Disclaimer: Ahmad is a fictional character for the illustration of the no deposit bonus examples. Ahmad acquired no deposit bonus from broker XYZ. To be eligible for profit withdrawal, Ahmad is required to trade 5 lots. But he is only allowed to open every position with 0.

How many positions should Ahmad open to fulfill that 5 lots requirement? To make the trading even more painful, some brokers limit their clients from having a lot of simultaneous active positions.

Depending on the strategies, the limitation of active positions can harm certain trading techniques. If a trader is trading based on the trend-following method, then he cannot open more positions at a different price to earning maximum profit. Trading assets or currency pairs are a vital part of forex trading.

We can utilize the volatility of the markets to make a profit. The limitation of the trading asset means that we will have fewer currency instruments to choose from.

Hence it badly restricts the opportunity to trade when we spot a good entry setup for a particular currency pair. The main purpose of no deposit bonus is to allow clients to feel how it is when trading with the broker in live market conditions. A short bonus validity means that clients might not have enough time to truly engage with the account. On the other hand, if given enough time, clients could even have the chance to trade in different market conditions.

A good period of testing a live trading account should be 30 days or more. It will give ample time to the clients to fully understand what real trading is all about.

After all, no deposit bonus is designed for new traders to have a taste of how forex trading works. A few moments later, he opened a sell order at 1. Having an active long position buy order and an active short position sell order means Ahmad is hedging the market.

Conclusion: Without hedging being permitted, traders will have difficulty trading in both different directions simultaneously. Scalping is a method that traders use to earn a small profit usually pips multiple times in a day.

Usually, traders use this method during high market volatility such as during the release of economic data and news. It is popular among traders because it has the potential to catch a lot of pips in the shortest time.

Of course, it is also a way to empty the account very fast. For every open position, you will have to pay some spread cost. It must be used wisely if you do not want to suffer a margin call. Conclusion: Since it is a popular method among traders, limiting its use will certainly cause trouble for traders. Ahmad is given the leverage of in his forex account. This is why it is called leverage. It gives us the flexibility to trade more even though we do not have big capital.

Limiting leverage can cause a very bad trading experience for the traders. They cannot open a bigger position than they desire. It also lowers down the trading volume, hence it will take a bigger number of trades to fulfill the withdrawal requirement. This includes opening and closing a trade, generating a tradable signal, analyzing market conditions using indicators, etc.

Undoubtedly, robot trading is interesting to anyone who does not have prior experience in forex trading. It is hands-free and hassle-free.

Once it is set up, EA will handle the trading from the very start. Limiting the usage of EA is like limiting the usage of an elevator — instead of pressing a button to get you to the top of the building, you are asked to walk the stairs. Conclusion: This is downgrading the advancement of forex technology.

Hence, it is not a choice if you are an EA lover. But experiences tell us that it is not that easy to withdraw the profit you made from a free bonus. To make your life easier and to serve as a foundation for Penguin Meter, we have come out with an extensive list of eligibility for profit withdrawal. Most forex brokers set the trading volume as the parameter of whether a trader is eligible for withdrawal.

The main reason for doing that is to encourage traders to trade more. Some of the forex brokers even set the trading volume threshold to lots. This scenario is almost like a mission impossible. But this also correlates with the maximum lot size permitted per trade and the maximum leverage allowed. In example 1, the permitted lot size was 0. In this situation, even a trading volume of 5 lots is too much. An active trading day simply means that there is at least one open and closed position for the day.

Ahmad opened a position on day 1, but he does not close any position on that day. Instead, he closed it on day 3. What is the active trading day of Ahmad? The answer is only 1 day. It is on day 3 that he had one open position and one closed position. Based on the example above, to achieve an active trading day, we need to close at least one position a day Of course you cannot close a position without first opening it.

This requirement forces the traders to trade more; sometimes out of the compulsion of fulfilling the active day requirement. Conclusion: Traders need to be super active in trading to fulfill active trading days.

It is not a pleasant idea to have. But when it comes to the profit withdrawal step, you are suddenly required to deposit a certain amount of money to be eligible for the profit withdrawal. The purpose of the forex brokers is very clear. They want you to stay with them and trade with them. As we told you at the beginning of this guide, the main reason for the no deposit bonus is to entice you to trade in the forex market.

Conclusion: If a no deposit bonus needs a deposit at the end, why is it called no deposit bonus in the first place? It is not uncommon for non-deposit bonus brokers to complain about bonus abuse by their clients. As we work closely with most of the forex brokers listed on Forex Penguin, we have the first insight into what is really going on behind the scenes.

These abusive strategies have often discouraged a good forex broker from offering its first-time clients the trading incentive in the form of no deposit bonus. In this section, all information is written for educational purposes and it is not to be repeated. We also hope that through this guide, we can help honest forex brokers to find some alternative ways to combat the abuser. Hence, the no deposit bonus promotion can continue and bring benefits to genuine first-time traders. Forex no deposit bonus is clearly a popular way for new traders to start learning forex while not using their own money.

It also attracts some syndicates to pocket this golden opportunity. Since most forex brokers are aware of the multiple bonus sign-up abuse, they have strict rules to go against it. Unfortunately, for every rule, there will be creative ways to break it. We received reports that especially in the poorer countries, there are people who collect or buy KYC documents in bulk. The documents include scanned copies of international passports, national id cards, government-issued driving licenses, household utility bills, bank statements, and more.

Once they have the KYC documents, it is easy to impersonate the KYC document owners and sign up for the new bonuses. Depending on the market conditions, some of these bonuses could generate profits and some will lose.

The abuser then can withdraw the profits and move on to the next brokers who offer new bonuses. Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore.

Hedging in general means having two open positions simultaneously in the opposite direction. This creates a zero-sum game, in which there will be no loss in total. Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and losing the other one.

Since the bonus is given by the broker, the account on the losing side has no monetary impact on the account holder. The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop-out level. This method is banned by the forex brokers because it is deemed cheating and clearly violates the sole purpose of the no deposit bonus, which is to give the opportunity to the new clients to try out the forex broker without their own deposit.

To survive in the ever-changing environment, forex brokers need to be resilient and creative. To combat the abusive bonus hoarders, some forex brokers have introduced a set of more stringent rules and regulations.

We summarize these carefully designed restrictions in the following section along with the explanation. Most of the forex brokers will not grant any no deposit bonus if there is an existing IP in the subnet that has already received the bonus.

This is a simplified filter to discourage the same person from creating new accounts. The same IP subnet can be the workplace, internet café, university, and even the home internet. Often, we encounter forex brokers who do not allow members from the same family to receive a no deposit bonus. Some of the countries are not on the list of recipients. This is due to the high fraud activities in that country. To simplify matters, the whole nation is barred from receiving the bonus.

In the event of impersonation, the old KYC documents are not valid anymore for identity and residential address verification. This can discourage the abusers from creating new accounts because they have to constantly recollect or rebuy the newly updated KYC documents. It has become a trend that a small deposit is required to receive a no deposit bonus. This can separate genuine traders from fraudulent ones.

The downside of this restriction is that it might discourage the real trader from even signing up with the broker. It is crucial to know that abusing the privilege of no deposit bonus cannot make one rich and there is no point to cheat when we can earn from forex by educating ourselves better. Remember to check all available brokers online and in your area, and evaluate them individually before you get started. Example: Forex Broker Name Scam. People in your circle who had experiences with forex trading will happily share their invaluable insights.

A regulatory authority assures the economic strength of the broker and its integrity towards its traders. Without regulation, traders are left without any resources to back up the legality of the broker they are using.

They already have organizations in place to regulate companies that do business in their countries. Some notable regulators include US Commodity Futures Trading Commission CFTC , US National Futures Association NFA , UK Financial Conduct Authority FCA , E.

Our portal ForexPenguin. com lists the amount of money given by the various brokers and updates this information regularly. Demo accounts have a fictitious sum of money in them but possess features of a real trading account that you need to build experience. You need to trade with it a few times as per the requirements of the broker to access the bonus or profit derived from trading with it.

It is meant to entice newbie traders to register and start trading without the fear of losing any money. A forex deposit bonus is, as the name suggests — you pay a deposit to trade and the bonus is either offered at the beginning of the trading session or later. Some forex brokers just want to attract more traffic to their website and therefore they give a fake offer.

Although it is not necessarily true, we can use it as an indicator of how serious the forex broker is treating its website. Responsive support from the forex broker is super important to determine whether it is a genuine one. You can browse the forum to see whether there are complaints and how the staff handles the complaints.

Here at Forex Penguin, we allow our users to rate and comment on every bonus which is listed here. If there are alarming comments online yet no representative is handling the issue, then it should be avoided at all costs.

Last Updated: Nov 21, am. Summary: Forex No Deposit Bonus is a tradable bonus in the real forex live account given by forex broker to the 1st time forex traders without requiring any new deposit. This type of no-deposit bonus is popular in South Africa, Malaysia, and Indonesia.

However, it is not eligible for the residents of the US, EU, and certain other jurisdictions. Over the years, we have worked with many forex brokers. Not all of them are as genuine as we would like them to be. Nevertheless, we do not stop our effort to work with brokers who are personally contactable.

It is crucial especially when a client needs help. For your quick view, we have compiled a list of free forex bonuses for you. These are the forex brokers that give a free bonus. You are most welcome! Penguin Boom Giveaway is a program by Forex Penguin itself. Its goal is to find forex brokers that support no deposit bonus in an ideal manner. Often we are able to get exclusive deals from reliable forex brokers. Please note that Forex Penguin itself is not a broker.

We are working with good brokers to give the best no deposit bonus to our users. XM has been in the market since XM Global Limited is one of the entities of the XM Group with its main office is in Belize City, Belize.

When it comes to the no deposit bonus, XM offers one of the best bonuses in this industry. XM No Deposit Bonus. Fresh Forex differentiates itself from its fellow brokers by offering a big no deposit bonus.

It is founded in the year Riston Capital Ltd owns Fresh Forex and its main office is in Kingstown, St. Vincent, and the Grenadines. Fresh Forex offers its clients to trade through MT4 and MT5. Roboforex is a brand owned by RoboMarkets Ltd located in Limassol, Cyprus. Since Roboforex has made its name by offering a wide range of services.

Roboforex also offers copy trading where you can profit from the best traders by copying their trades. Welcome Bonus 30 USD. FBS has been in the industry since and they are based in Belize. Traders can trade with FBS thru FBS Traders Mobile App , MT4, and MT5 platforms. Vantage Markets or VantageMarkets Previously known as Vantage FX is a cutting-edge forex company. Its in-app promotion is by far one of the best in the FX industry. Vantage Markets is regulated by the following regulators:.

Just Markets or previously known as Just Forex has customers from countries and they are operating under the following core values:.

InstaForex has its headquarter in Kaliningrad, Russia. Since , it has made its name to be one of the leading forex brokers in Asia. They are offering MT4, Mt5, as well as their own proprietary trading platforms for their traders.

HFM or HF Markets Previously known as HotForex has been in the market since The company prides itself on having more than 60 international awards. HFM has more than 3. Many trading tools and educational courses as well as bonuses are available on HFM. HFM No Deposit Bonus. Tickmill is one of the most regulated brokers in the world.

Traders can access the trading instruments via MT4. Tickmill offers a full range of educational material such as webinars, seminars, ebooks, video tutorials, infographics, market analysis, and many more.

Agea operates under the company AGEA International AD which is located in Podgorica, Montenegro. When comes to the support, it offers probably one of the best live chat support in the space. It offers two types of trading platforms: Streamsters and MT4.

AGEA is listed publically on the Montenegro Stock Exchange which makes it a good choice of trading. Feast yourself: No Deposit Bonus Forex Youtube Video. The other useful leverages are forex contests such as forex live contest and forex demo contest.

In this guide, you will find out exactly how can you utilize this type of forex bonus even in They are the ultimate welcome package that brings a new trader online and encourages them to start trading. Therefore, the broker will show them the ropes by putting some money into the new account through forex promotion.

You will also learn where you can go to find out about the latest no deposit free bonus opportunities. After all, even if you are getting a great deal, you are still putting some of your money on the line.

So it always pays to do your research ahead of time — and to make sure that you know what you are getting yourself into. The forex no deposit bonus is so-called because you are not required to make any deposit before receiving it. It was smart for brokers to incentivize their customers to place more trades with them in the future. Usually, you start by giving your name and your email address and in some cases, your phone number to a broker. You will need to create an account with the broker, and the details they need will vary based on their requirements.

Some might require some billing or passport proof of identity whereas some offer forex no deposit bonus without verification. Side note: It is better to get your account verified to eliminate any problems that might arise when you want to make withdrawals in the future. Without having to put up any of your own money though some brokers may require a small amount of deposit that you can get back , you can start to make trades.

You will be pleased to learn that bonuses are a great way to practice trading on commodities, forex, and even cryptocurrencies. We know that this no deposit bonus sounds like a serious win for you as the trader, but a loss for the broker. However, you need to remember that their goal is to get people comfortable with the idea of forex trading.

Once you get the hang of it, you will be surprised by not just how lucrative, but also how fun trading forex can be. So far in this guide, we have only spoken about how forex no deposit bonuses will benefit you if you lose money. Or because it was never really your money in the first place, will it go right back to the broker? One of the best things about taking advantage of these opportunities is that you will be able to keep the profits that you make. You can now reinvest the profit you made from the no deposit account into different types of forex trading accounts.

Some accounts have zero spread, as well as options that will allow you to get a precise look at your potential profit. As you continue to gain experience in trading, you can upgrade and play around with different kinds of accounts.

After analyzing and processing a couple of hundreds of no deposit bonus listings, we at Forex Penguin realize that claiming no deposit bonus and withdrawing its profit may not be the simplest thing to do.

Every forex broker has its terms and conditions. While only claiming no deposit bonus is a pretty straightforward process, you start to see limitations when trading with the no deposit bonus account. Whereas, the final step of withdrawing the profit can be a lot more difficult than you think. We have identified most of the roadblocks and limitations in claiming the bonus, trading with it, and withdrawing the profit. Soon, Forex Penguin will be creating a profitability scale Penguin Meter based on the difficulty level of the procedure of claiming a bonus, trading conditions, and withdrawing profit.

We told you that claiming no deposit bonus is the easiest process — and it is not far from the truth. The first model is beneficial to forex brokers because it works as a filter. Only serious traders will be verifying their identity. The second model is to encourage traders who do not want to go through the hassles of verification unless they have something to gain.

Email verification is the simplest form of verification. All it takes is only to click on the link sent to your inbox. Phone verification is also easy. The forex broker will either send you a code via SMS or voice call. It can be done within 10 seconds. Proof of identity requires you to submit a color-scanned identification document. Generally, you can submit either a passport, a national ID, or a driving license ID card.

The commonly required documents are utility bills, bank account statements, a national ID with an address on it, and anything that can prove your residential address. Forex brokers are very strict when it comes to this topic. Besides the verification, they also restrict the bonus to new traders only. It makes sense, of course, since that is the purpose of the entire forex bonus. If you have claimed a no deposit bonus before from the same broker, you are not eligible to claim the same type of bonus.

Not only that, your close relatives, but your housemates who share the same residential address and the same IP address also are not allowed to sign up for the free bonus. Before you apply for any no deposit bonus, it would be great to know whether your housemate has already done so.

Forex Brokers Reviews Forex Brokers Ratings in Best Brokers for ETF Trading in Best Brokers for Scalping in Best CFD Brokers in Best Micro Forex Broker Best Cashback Brokers in Best Market Maker Brokers in Best OTC Forex Brokers in Best PAMM Account Brokers Best STP Brokers in Zero Pip Spread Forex Broker. Limiting the usage of EA is like limiting the usage of an elevator — instead of pressing a button to get you to the top of the building, you are asked to walk the stairs. ABOUT US PRIVACY POLICY TERMS OF USE CHOOSE A BROKER CONTACT US ADD A BONUS ADD A BROKER ADVERTISE WITH. Trader September 30, Other Countries. Get Bonus View Broker. These rewards are only accessible to new traders, and they may only be used once.

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