Increased market competition has made brokers come up with various schemes to make trading easy. Apart from providing automated software, secure lines, a wide range of currency pairs, and low deposit live accounts; brokers now allow what is known as the top 100 regulated brokers for the forex industry with no deposit bonus. This scheme allows traders to open a live forex account with zero deposit and $100 transferred to it from the broker’s side.
No doubt the offer is lucrative; the money is free after all. You can start trading with this amount itself by utilizing proper leverage. However, you need to take note of a few points before starting to make money from no money.
- Such accounts come with high leverage options
When your broker transfers $100 and expects you to start trading, they will offer leverage margins as high as 1000:1. It lets you clear the standard lot size mark, and you can trade with 100,000 lot sizes.
Such a huge lot size assigns $10 per pip movement. Meaning if you make a profit of 15 pips, your profit amount will stand at $150. That is more than what you received initially. This is the primary advantage of such 100 forex bonus no deposit accounts. But if you make a loss instead, you may lose more money than you have.
- These bonuses come with a time limit
The $100 you get do not stay in your account for eternity. Suppose you went for forex no deposit bonus 2021march account; this will stay maximum until April and then be transferred back to the broker.
So, consider it a model provided to you just to start trading. However, you can make $100 from this only in one month. Go for 10:1 or 50:1 leverages, and this amount is retrievable.
- Other such bonuses are also offered.
Apart from this 100 forex brokers no deposit bonus, you receive prize money for your high trading frequency and high margins of profit earned. If you are to trade and retrieve $100 in a month, you must carry outmany transactions. This will make the broker add almost 50% of your current balance into your account.
Also, if your trading method is this profitable, you can opt to enter contests with your signal. These fetch almost up to $2,500 in a month, and your loss of $100 will not matter anymore.
It is all about increasing your equity. As you just have a one-month maximum to utilize this $100, you can invest in pairs like EUR/USD or GBP/USD as these show maximum short-term volatility. Yen and Swiss Franc are comparably stable and require long-term investments.
Certainly, 100 forex brokers no deposit bonusis a great way to make money from zero investment. However, you must carry out all the necessary market assessments and forecasting even if you are trading with such a small amount. Do your research and know all the technicalities involved. It is from these amounts that you can think of going big.