Forex broker with welcome bonus is nothing but a promotional and marketing strategy so that forex brokers will attract more newbie traders to sign up an account with them. There are many forex brokers that offers welcome deposit amounting to $30, $50 and even $1,000 when you open a trading account with them.
However, there is a catch. If you will create account together with the promo of welcome bonus or no deposit bonus, you can’t withdraw all of the profits made from that account only if you will fund your account, then you are allowed to withdraw your profits.One of the tough challenges in forex trading is to finding a good forex broker.
Some forex broker with welcome bonus allows you to withdraw your profits from the welcome bonus after it reached the threshold profits, and that’s a good thing because you can’t even use your own money to trade forex and make money. If that’s the case, forex trading is good.
Using Forex Broker with Welcome Bonus
Is it okay to sign up in forex broker with welcome bonus? Yes of course, but be careful though. Because some broker are just scam even they offer welcome bonus or no deposit bonus.
If a broker don’t require verification, it is suspicious. If there are forex broker with welcome bonus or offers no deposit bonus without verification first, then it might be a scam. Review and investigate what are the legitimate forex brokers that has welcome bonus and no deposit bonus.
Take Advantage of Welcome Bonus and No Deposit Bonus
So, what to do to take advantage to welcome bonuses or no deposit bonuses?
Sign up, get verified first, then, try to learn forex trading in demo account. When you think you developed a winning forex trading strategy, then use that welcome bonus and start getting profits without risking any money at all.
That is my experience. I signed up an account with a forex broker and use their welcome bonus and use those bonuses and lose. And when I developed a winning forex trading strategy, I still need to fund my account to use real money. Welcome bonuses are real money, remember that. So before you will use them, find some time to learn even the basics of forex trading.
If you’re looking for the new or latest forex broker with no deposit bonus to withdraw profits, then, you are just wasting your time. Forex trading is a serious business. A serious business need to get serious attention, serious money and serious skills. Forex trading is not a big joke. So, don’t kidding and play it like a fool. Stop looking for the latest forex broker with welcome bonus and no deposit bonus, instead, try to look for a forex broker with high quality service, legitimate, and not scam one.
Related Article: How to Find a Good Forex Broker Online
DISCLAIMER: The information provided on InvestmentTotal.com is for general informational purposes only. The content on this website is not intended to be, and should not be construed as, professional financial advice.