Dealing with Free Bonuses Offered to Start Forex

Dealing with Free Bonuses Offered to Start Forex

Submitted by adil on Mon, 03/11/2013 - 07:03

The cut-throat competition for new clients among Forex brokers has offered clients with an easy avenue to get into the market. A new method to attract clients among brokers has come up known as No-deposit Forex Bonuses. This is a real value deal for novice investors. The investor gets a live Forex account that is sponsored by the broker. This is a totally free account with no deposit on the side of the client.

As an investor you are only required to fill in an application form for the live trading account to be opened for you by the broker. This service is available from some brokers, so the form is only available where a broker offers the service. Upon receipt of the form the broker opens a new account that is credited with real USD bonus money giving you the ability to start trading immediately.

Using the bonuses you can try out the platform that is provided by the broker. This allows you trading without risking your hard earned money, if anything goes wrong you lose nothing from your wallet, the bonuses cover you. Best of all you can get to test your trading skills without the fear that comes with putting money at risk. As you test your skills and the broker’s platform you can also make money.

The bonuses come with special conditions. The amount of bonus that you can get differs from one broker to another. But all brokers will set the maximum trading volume for you at a low level. Using the bonus you won’t be allowed to open too many positions. Similarly brokers will restrict how you trade; you may not be allowed to make use of automated trading software in your deals.

However the profit from your trading is your money that you can withdraw if you meet the conditions lay down by your broker. You can withdraw even without making a deposit. Some brokers will deduct the bonus from the amount in your account if you do not make a deposit into the account within a specified time. This is a win-win situation for a novice investor who wants to trade in Forex.�Intellitraders�offers free bonuses to get a head start in trading. Signup with Intellitraders and enjoy unlimited benefits.