In the world of forex trading (foreign exchange) or forex (foreign exchange) an interesting term appears, namely the offer of no deposit forex trading. This term means giving a free bonus to forex traders (people who trade) to start trading (trading) forex without spending a penny.

The term forex no deposit bonus also has advantages and disadvantages that need to be understood in detail. The literal definition of forex no deposit bonus is a free bonus that can be traded on a real forex account (not a demo and trial) provided by the best forex broker to novice forex traders so that traders don't need to make a deposit first.

Even though it sounds fresh, a no deposit forex trading bonus like this is already quite popular in South Africa, Malaysia, and our country. However, this bonus is not eligible to be awarded in the US, European Union, and some other regions where financial regulations are similar.

To find out the form and amount of this bonus, readers can look at several websites on the internet with the keywords "forex no deposit bonus" or "forex no deposit bonus". The main purpose of this bonus is to encourage ordinary people not to hesitate to start trading or trading forex.

No Deposit Forex Trading Bonus Offered after Trader Tried Demo Account

Of course, this bonus is offered to prospective traders after they try their forex demo or trial account. When the candidate becomes interested in trading for real but still hesitates, he can take the opportunity to take the forex bonus without deposit or without spending any investment money.

Actually, the majority of prospective traders are hesitant to pour their money into starting forex trading. Then where can I get the bonus? As reported by a site about forex called forexpenguin.com, Wednesday (20/1/2021), as many as 10 percent of all forex brokers will offer that facility.

Of course, prospective traders also have to meet certain requirements in order to get no deposit forex trading bonus. So, is this bonus safe? This kind of bonus is relatively safe, but it also depends on the hard work and critical power of the prospective trader himself. The term "no free lunch" still applies to this bonus.

If you are among those who are very interested in trading forex and feel that you have mastered both demo and trial accounts, the thing that still needs to be done is research and research. Even when you have a “free lunch,” you need to know who is giving and why.

Choosing a Trusted Broker so as not to be Fooled

When you choose a broker to create a forex account, you need to research the track records of these brokers. Some brokers also offer another bonus called a "welcome bonus", but be aware. To be safe, you can choose Didimax forex broker because it is registered with Bappebti.

A good broker can be seen in several ways, including how fast he responds to calls or emails, responses or comments from clients on the official website where the broker is sheltering (a good trading company must have a website and even a forum), traders' reviews on social media (usually they are very honest and open to explain), and much more.

Also keep in mind, when brokers give the no deposit bonus, they don't lose, because their goal is to make novice traders feel comfortable making transactions. Psychologically, if you lose money, not with your own money, you tend to want to keep practicing and become addicted. That's when you feel capable.

The next process is registration. The initial stage is to provide your name and email address. The next stage depends on the requirements submitted by each broker. Some need a personal identity, passport, clarity of residence, and others.

After getting an account, prospective traders need to verify their forex account so that later there will be no problems when withdrawing profits. That's an easy way to make no deposit forex trading which can be profitable for you as a novice trade.