The foreign exchange market is probably the most liquid market among all other financial markets. You probably know that most brokers now provide USD free no deposit bonus forex. You may also know that this comes as a welcome gift for you to start trading. But have you ever thought why the broker is giving out free money to inspire you to trade? How do they benefit from your trading?
Whatever transaction you make in currency trading will ultimately get converted into pips. So if you are transacting with a lot size of , units, your pip value stands at 10 units per pip of that currency. With forex broker no deposit bonus accounts, you may see spreads mentioned along with it. Understand this with an example. Say you are purchasing Euros quoted at 1. With 4 pips spread from your broker, you can make the purchase of Euros at 1.
When you make a sell, you do it at the market quote itself and no spread come in here. This is how the broker receives money for its services. They give back services that are forex trading-centric and extra bonuses as well. Apart from forex broker no deposit bonus account, you are also offered:.
This helps you magnify your profits. To make things lucrative, brokers allow margins of up to You get bonuses for depositing money into your initial free no deposit bonus forex live account. Few brokers also provide contests where you can evaluate your trading strategies or profit made against other traders and win prize money.
This, unlike other bonuses, can be withdrawn from your live account. Referrals to other traders to use the services of other brokers can win you cash as well. You can forward these to your next trade and reap more gains. It is true that one side of the story behind free no deposit bonus forex live account is that the broker can earn from it. But you are also given services and facilities that ultimately help in your trading venture.
Home Bonuses Promo Bonuses forex broker no deposit bonus. Forex is a spread based market Whatever transaction you make in currency trading will ultimately get converted into pips. What is there for you with such accounts? Apart from forex broker no deposit bonus account, you are also offered: Forex brokers free no deposit bonus This might sound a bit over-the-top but this most definitely for real.
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