No Deposit Bonuses have been getting an ever increasing amount of attention, undertake a quick Google search and you will find a number of sites listing all the currently running Forex no deposit bonuses. But do these offers really live up to the hype? No Deposit bonuses have become common in the online gaming industry. This is due to the fact that such bonuses are an effective tool in attracting new customers, who they then hope will end up depositing their own cash with the company. It appears that a small number of Forex brokerages have adopted this tactic in the hopes of procuring more customers.
Best Choice For No Deposit Bonus 2015 – Plus500
There are a number of drawbacks to these no deposit bonuses. For starters these bonuses often come with pretty stringent withdrawal conditions. A trader may have to trade a significant amount of volume before being able to withdraw the no deposit bonus, this can on occasion make it near impossible to ever withdraw the cash. Sometimes brokers require clients to deposit real funds before they are able to withdraw real hard cash, which is a bit of an inconvenience and partially defeats the point of offering a no deposit bonus.
Secondly, the range of brokerages which offer these no deposit bonuses are rather limited. The majority of brokerages offering no deposit bonuses, are either relatively small names in the world of trading or alternatively are unregulated offshore entities. So far none of the major players in the Forex industry have felt the need to offer no deposit bonuses, so again this makes many of the no deposit bonuses significantly less attractive.
Today we are going to take a look at some of the no deposit bonuses on offer and evaluate whether they are good deals, or whether they are not worth your time.
Plus500 has run a no deposit bonus for a number of years now and is currently the only regulated brokerage to be offering such a bonus. Plus500 will credit accounts with a 20 Us Dollar bonus, providing traders sign up and provide Plus500 with a real phone number. In order to be able to withdraw the bonus, you must amass a total of at least 60 trader points in the three months. After three months the bonus expires from your account and you will be unable to trade with it or withdraw it. Amassing 60 trader points in three months is certainly possible, but in order to do so a trader must trade at a considerably high volume. I am aware of a number of traders who have managed to amass the required number of traders points and successfully withdraw their no deposit bonuses. It should be pointed out that Plus500 does not accept traders from a number of countries meaning that not everyone will be able to take up Plus500 on this offer.
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Formerly known as Marketiva, the Montenegrin brokerage is offering a $5 no deposit bonus, for those who sign up for a live account with AGEA. This brokerage is currently unregulated as Montenegro currently doesn’t regulate over-the-counter market making services. While unregulated AGEA strives to adhere as closely as possible to the standard laid out in MiFID. It appears that the no deposit bonus at AGEA is very easy to withdraw providing you produce the necessary documents and a number of people have reported that they have successfully withdrawn their bonus and profits made from the bonus.
Bulgarian MiFID regulated Deltastock are currently offering a 150 Euro no deposit bonus for all new customers. Individuals who open an account at Deltastock will have the account credited with a 150 Euros and will be given one month to trade the necessary volume. For each 20,000 Euros traded individuals are entitled to withdraw 1 Euro of the bonus. While Deltastock requires traders to trade a particularly high volume within a month in order to withdraw the bonus (to withdraw the whole bonus 3,000,000 Euros worth of positions). It is certainly possible to withdraw some if not all of the bonus, in the space of the month given to customers. Meaning that the Deltastock bonus offering is one of the better offerings out there. This offer is only open to citizens of the European Union.
Having taken a look at all of the no deposit bonus offers currently available. I have concluded that the above three offers are currently the best no deposit bonuses to be the best offers around. While these offers all come with certain strings attach and may not be open to all they are with some of the more reputable brokerages offering no deposit bonuses.