GuidePedia

127

Forex No Deposit Bonus – Scam?

With the growing competitions in the Forex brokerage industry, it is not uncommon to see brokers offering deals such as “no deposit bonus”, or “xx% bonus on all deposits” in order to attract new customers. However, does it sounds too good to be true?
 
First question to ask yourself is, how do brokers make money?
In general, most brokers make money in 2 ways:
  1. Charging clients spreads/commission on trades they made
  2. Trading against their clients
In other words, the more trades their clients made, the more profit the broker made. So, brokers are not here to help you (the trader) to become rich; they are here to be rich themselves. They will use all sort of tricks to convince traders, no matter newbies or experienced, to place as many trades as possible to keep their business growing.
In my opinion, all these bonus offers out there is a ‘bucket shop’ marketing strategy. The idea is to put down some “free” money in your account at the very beginning. Once you have money sitting there, it’s very likely that you will start trading (or gambling), because it’s considered as risk-free money with no pain to lose. If you are “lucky” enough to win the first few trades, you will start loading more cash into the trading account, and start trading with higher risk, making a snowball. That’s where lots of people who come into the market end up blowing out their trading accounts, because they enter the market without knowing what they are doing in the first place. In other words, yes, YOU NEED A TRADING PLAN from day one.

Should I Take The Bonus Offer?

I am not against taking any of these bonus offers. There is nothing wrong with the promotion offer itself, it will actually help you to grow your account much faster if you know how to take advantage out of it. What I am trying to bring up is, as a well-educated trader, you need to know what you are doing before taking any deals. I have highlighted a few steps that you can do to protect yourself from unscrupulous brokers.

Step 1

Read reviews of the brokers, as many as you can. Find out if it is regulated, and if there is any outstanding legal action against the broker. However, stay neutral when you read, it is not uncommon to see new traders not understanding how the market works and then blaming the broker for their losses. Thus, when you do your research, it’s important to use some logic and common sense to judge if the broker is considered to be genuine and reliable, as a whole.
Click Here for Forex Broker Reviews

Step 2

Read through all the fine prints of the PDS before signing any documents. Contact the broker if you need any further clarifications. If you miss something on the document you sign, you may have only yourself to blame, no one else.

Step 3

Make sure you understand the policy in regards to fund withdrawals. A lot of brokers do not allow their clients to withdraw the bonus. For example, the trader deposit $2000 and was given $1000 as a bonus when he first open the trading account. The broker may not allow him to withdraw any funds until a minimum of $1000 has been lost in trades.

Step 4

Open a demo account to familiar yourself with the spreads they offer for each individual pairs.

Step 5

If you are satisfied with all the above, open a live account and start putting a few trades with a small capital. Then, attempt a few withdrawals to make sure everything is working in the expected way.

Summary

If you are a rookie trader, always start on demo trading with a well-defined tested strategy or trading plan, switch to live trading only when you become constantly profitable on demo. Don’t put you hard earn money at risk unless you have a well-established trading plan. Traders need to have the correct mindset and discipline before you can make real money. Once your foundation has been built, you can look for better deals/offers from different brokers out there.
Please bear in mind before you take any bonus offer, you need to do thorough research on brokers before opening any live trading account with them. Being professional traders, we need to take 100% responsibility of our capital and do whatever we can to protect it. If the broker looks good after all the detailed research, deposit a small capital to start with, followed by a few trades and a few withdrawal. Never load your trading account in full with a new broker without testing it thoroughly, no matter how good the deal is.

Post a Comment Blogger

  1. Your website is really cool and this is a great inspiring article. Thank you so much. no deposit bonus casino

    ReplyDelete
  2. This is such a great resource that you are providing and you give it away for free. I love seeing blog that understand the value of providing a quality resource for free. "trading reviews"

    ReplyDelete
    Replies
    1. Hi everyone are you looking for a professional binary, forex and Bitcoin broker/manager who will guide and help manage your trade and help you earn meaningful profits all within seven days contact Mr Barry Silbert now for your investment plan. For he has helped me to earn 10,250 USD just with a little investment capital and with the aid of his trading software system that brings forth good trading signals i was able to trade and cash out on time and am still trading with him, if you need his assistance on how to recover your lost investment in bitcoin/binary Contact him now on whatsaap +447508298691. or contact him on his email address Email: Barrysilbert540 @ gmail.com. [WITH MR BARRY I BELIEVE THERE ARE STILL GOOD INDIVIDUALS WHO STILL HAVE GOOD INTENTION TO OTHERS. ONCE AGAIN THANKS MR BARRY.]

      Delete
    2. Hi everyone are you looking for a professional binary, forex and Bitcoin broker/manager who will guide and help manage your trade and help you earn meaningful profits all within seven days contact Mr Barry Silbert now for your investment plan. For he has helped me to earn 10,250 USD just with a little investment capital and with the aid of his trading software system that brings forth good trading signals i was able to trade and cash out on time and am still trading with him, if you need his assistance on how to recover your lost investment in bitcoin/binary Contact him now on whatsaap +447508298691. or contact him on his email address Email: Barrysilbert540 @ gmail.com. [WITH MR BARRY I BELIEVE THERE ARE STILL GOOD INDIVIDUALS WHO STILL HAVE GOOD INTENTION TO OTHERS. ONCE AGAIN THANKS MR BARRY.]

      Delete
  3. If the broker looks good after all the detailed research, deposit a small capital to start with, followed by a few trades and a few withdrawal. learning to day trade

    ReplyDelete
    Replies
    1. Hi everyone are you looking for a professional binary, forex and Bitcoin broker/manager who will guide and help manage your trade and help you earn meaningful profits all within seven days contact Mr Barry Silbert now for your investment plan. For he has helped me to earn 10,250 USD just with a little investment capital and with the aid of his trading software system that brings forth good trading signals i was able to trade and cash out on time and am still trading with him, if you need his assistance on how to recover your lost investment in bitcoin/binary Contact him now on whatsaap +447508298691. or contact him on his email address Email: Barrysilbert540 @ gmail.com. [WITH MR BARRY I BELIEVE THERE ARE STILL GOOD INDIVIDUALS WHO STILL HAVE GOOD INTENTION TO OTHERS. ONCE AGAIN THANKS MR BARRY.]

      Delete
  4. Good post but I was if you could write a little more on this subject? I’d be very thankful if you could elaborate a little bit further. Appreciate it!Forex Trade Copier

    ReplyDelete
  5. Very informative blog. You provided best way to avoid any scam. Thanks for sharing
    TraderVC Reviews

    ReplyDelete
  6. Employers are continually searching for methods to reduce costs and streamline administrative operations, and the scrutiny of the expensive and time-consuming payroll process has been one of the primary targets. http://cashpoker38.com/

    ReplyDelete
  7. You should check with the laws of your local jurisdiction and check with the poker site, to see if there are any imposed restrictions on play, based on your locale.agen piala dunia

    ReplyDelete
  8. Thank you for allow me to comment here

    Dont forget to visit our site

    buat yang suka main poker online yuk langsung aja gabung sama kita di agen poker
    tapi kalo main poker tanpa mengetahui apa-apa bisa bahaya loh yuk baca tips and tricknya di rekomendasi situs judi

    buat kamu yang suka berwisata juga bisa nih cari cari referensi di rekomendasi wisata
    wisata kurang seru jika tidak mencicipi makanan atau mengunjungi tempat kuliner, untuk infonya kamu bisa liat di rekomendasi kuliner

    yang ini buat dewasa ya rekomendasi sex dan Cerita Sex

    ReplyDelete
  9. this information is so cool and this is a great inspiring article. Thank you so much. Domino QQ

    ReplyDelete
  10. When the player has acquired basic poker knowledge, they must then move to the next level of understanding. This includes understanding and utilizing position at the table, determining pre flop odds, pot odds and calculating OUTS.http://cashpoker38.com/

    ReplyDelete
  11. Therefore, the 'Internet poker is not rigged' side of the debate expects all players to just take their word for it, that the poker sites are being fair and honest. http://www.agensbobet7.com

    ReplyDelete
  12. creativity of writer is purely impressive. It has touched to the level of expertise with his writing. Everything is up to the mark. Written perfectly and I can use such information for my coming assignment. exness thai

    ReplyDelete
  13. Sometime few educational blogs become very helpful while getting relevant and new information related to your targeted area. As I found this blog and appreciate the information delivered to my database.เวลา ตลาด forex

    ReplyDelete
  14. By implementing a counter measure to the poker bots, a poker site is able to ensure that a poker bot will not win since the poker bots actions are predictable and confined to a skill-set directly related to statistical odds and probability.Agen Judi Online

    ReplyDelete
  15. Hi. Thanks for sharing this!

    kindly visit my website judi indonesia and gila coli if u want to know more about bahan coli , cerita sex, video porno and kiu kiu or qiu qiu

    once again, TAHNKYOUUUUUU

    ReplyDelete
  16. This article is interesting, if you want to know more visit our website.

    situs judi online

    ReplyDelete
  17. Thank you for allow me to comment in here, YOUR ARITKEL IS VERY NICE
    Dominoqq

    ReplyDelete
  18. Thank you for allow me to comment in here

    Judi Online

    ReplyDelete
  19. This comment has been removed by the author.

    ReplyDelete
  20. Thank you for allow me to comment in here

    <a title="Agen Judi" href="http://www.saranaplay.com

    ReplyDelete
  21. this article is very interesting and also useful do not forget to visit our web site also yes

    Judi Online
    Togel Singapura

    ReplyDelete
  22. This article is very useful, don't forget to visit our website too
    Togel Singapura
    Togel Hkg

    ReplyDelete
  23. Fixed Deposit aka term deposit is an instrument by which one can deposit his/her savings for a prescribed period of time with a bank. bitcoinvest.cc

    ReplyDelete
  24. This blog is really helpful to deliver updated educational affairs over internet which is really appraisable. I found one successful example of this truth through this blog. I am going to use such information now.
    forex เบื้องต้น

    ReplyDelete
  25. written content. I added new knowledge to my database for essay writing skill.
    การรักษาโรคนอนไม่หลับ

    ReplyDelete
  26. Your post is providing some really good information. I liked its essence and enjoyed reading it. Keep sharing such important posts about this blog and its much more helpful for us .
    t shirt design online

    ReplyDelete
  27. I am glad that I saw this post. It is informative blog for us and we need this type of blog thanks for share this blog, Keep posting such instructional blogs and I am looking forward for your future posts.
    iphone

    ReplyDelete
  28. Somewhere the content of the blog surrounded by little arguments. Yes it is healthy for readers. They can include this kind of language in their writing skill as well as while group discussion in college.
    review โบรกเกอร์ fbs

    ReplyDelete
  29. This article is interesting, hopefully useful for all of us, and don't forget to visit our website
    Judi Online
    Togel Online
    Slot Online
    Casino Online
    Judi Bola

    ReplyDelete
  30. Remarkable experience earned after reading all the points of this website. I tried hard to get clue about how I could prove content of its blogs not much effective but I surrendered all my weapons just after reading it.
    biodanza amsterdam

    ReplyDelete
  31. This blog is truly useful to convey overhauled instructive undertakings over web which is truly examination. I discovered one fruitful case of this truth through this blog. I will utilize such data now.
    psychotherapeut nijmegen

    ReplyDelete
  32. Thank you for allow me to comment in here, YOUR ARITKEL IS VERY NICEEarnHoney

    ReplyDelete
  33. If you are looking for the most accurate football betting tips on the Champions League. I suggest you to use this site EarnHoney

    ReplyDelete
  34. On the off chance that you are, the exchanging brain science part will show you how you can control your feelings, how you can conquer insatiability and so forth with regards to exchanging. tfs price action pdf

    ReplyDelete
  35. Wow! This could be one of the most useful blogs we have ever come across on thesubject. Actually excellent info! I’m also an expert in this topic so I can understand your effort. Forex Steam

    ReplyDelete

  36. This article is interesting, if you want to know more visit our website.
    live casino


    ReplyDelete
  37. Thank you for allow me to comment in here
    dadu online

    ReplyDelete


  38. Thank you for allow me to comment in here, YOUR ARTIKEL IS VERY NICE

    roulette online indonesia


    ReplyDelete
  39. Here in this blog, words themselves are creating that scenario where there is a lot of mayhem and serendipity along with a silent isolation. Rarely found to see such skill and enthusiasm.
    บัญชี E-Currency

    ReplyDelete
  40. Thank you for allow me to comment in here, YOUR ARTIKEL IS VERY NICE

    live casino

    ReplyDelete
  41. 1st news web site this site provide a news information so more gain information. 1st news

    ReplyDelete
  42. Bachelor Developer Software Company Software Solution. And Provide a All IT (Information Technology) Information And Services Providers. Bachelor Developer Software Company Is the Work For Quality IT Company Create A Software, Web, SEO, SMM, Graphic, Android And More IT Services By Bachelor Developer Software Company software house in latifabad

    ReplyDelete
  43. Bachelor Developer Software Company Software Solution. And Provide a All IT (Information Technology) Information And Services Providers. Bachelor Developer Software Company Is the Work For Quality IT Company Create A Software, Web, SEO, SMM, Graphic, Android And More IT Services By Bachelor Developer Software Company latifabad software house

    ReplyDelete
  44. At the point when a bettor figures out how to translate insights and chances, has the correct abilities as a football fan and focuses on all the various occasions inside the NFL football world, online football betting ends up a diversion, however a genuine financial pay. เว็บไซต์แทงบอลออนไลน์

    ReplyDelete
  45. Hello, I want to subscribe for this web site to take most up-to-date updates, thus where can i do it please help out.
    cigarette packaging boxes

    ReplyDelete
  46. Attractive information on your blog, thank you for taking the time and share with us.
    custom candy boxes

    ReplyDelete
  47. The best thing you would ever do is simply have the correct never surrender mentality and self-assurance; you will go far in this market. I wish you the good luck in your future forex exchanges. City Index app review

    ReplyDelete
  48. [22:19, 9/11/2019] HELP DESK: This is a warning to all bitcoin investors, Don’t be a victim. Most investment, forex/binary options companies out there are fraudulent. They are all scams. I have been a victim of their activities. I invested about $175,000 and when i wanted to withdraw after some weeks, I was unable to reach their contact numbers or emails with which we stayed in touch. I assumed they were having some maintenance routing check, as that had happened in the past. After some weeks, I was contacted again by them and was asked to invest which i refused and told them i wanted to withdraw my money. After this, i didn’t hear from them again. At this point, I started to feel like i had been duped. I was lost and shattered as i had lost most of my savings. I was depressed for about 4 months. I was too ashamed to tell anyone about it,. i was confused and fustrated left with no penny in my account ,until i came accross Mr Derrick Glenn who took up the case to my greatest supprised with 5-6 days he was able to recovered all my lost fund back to me .. It was a great feeling to get my money back, as i had given up all hope.You can also contact him if you are facing similar issue , Derrickglenn01@gmail.com

    ReplyDelete
  49. ToyotaQQ adalah salah satu situs Poker Online Indonesia yang mempunyai 8jenis permainan, diantaranya:
    AduQiu, BandarQiu, Poker, Bandar Poker, Bandar66, Sakong, Capsa Susun dan Domino99

    Daftar Bonus

    ReplyDelete
  50. Gamewin88 judi online terpercaya di indonesia, Gamewin88 menyediakan live casino terbaik dan game adil, dan juga menerima deposit gopay dan juga Bank minimal 25.000 saja, paling ramai se indonesia.

    Gamewin88 akan memberikan kemudahan anda untuk mulai bermain dengan proses pendaftaran yang cepat dan juga sistem deposit dan withdraw 24 jam online yang aman dan nyaman, customer service yang ramah, sopan dan dapat di andalkan juga siap melayani anda selama 24 Jam.

    Bonus-Bonus dari Gamewin88
    - Bonus New Member / Id Baru 20%
    - Bonus Deposit Harian 10% (Setiap Hari)
    - Bonus Mingguan Kekalahan Di Casino,Slot,Sportsbook,Tembak Ikan Up To 7%
    - Banyak Jackpot Slot dan Tembak Ikannya disini!

    #AgenTembakIkanTermurah
    #Jokerslot123
    #LinkAlternatifCasinowin88
    #LinkAlternatifGamewin88
    #BaccaratIndo
    #IndoBaccarat
    #Jokerwin
    #DaduCasino
    #DaduSicboOnline
    #LinkAlternatifTogelwin88

    Jokerslot123
    Agen Tembak Ikan Termurah
    Link Alternatif Casinowin88
    Link Alternatif Gamewin88
    Baccarat Indo
    Indo Baccarat
    Dadu Casino
    Dadu Sicbo Online
    Link Alternatif Togelwin88

    ReplyDelete
  51. I recently found many useful information in your website especially this blog page. Among the lots of comments on your articles. Thanks for sharing. ไม่มีขั้นต่ำ

    ReplyDelete
  52. Your work is truly appreciated round the clock and the globe. It is incredibly a comprehensive and helpful blog. https://www.slots4play.com/mobile-bonuses/

    ReplyDelete
  53. Great Information! Its looking Nice.Useful for me to develop my knowledge. Thank you!
    You can invest in stocks yourself by buying individual Stocks & Shares or mutual funds,IPOs, or get help investing in stocks by Visit stockinvestor.in
    Stock Trading

    Equity Trading

    Demat Account

    Share Trading

    ReplyDelete
  54. We have sell some products of different custom boxes.it is very useful and very low price please visits this site thanks and please share this post with your friends. https://goalbbm88.com

    ReplyDelete

  55. Your post is very helpful!
    It’s really amazing to have great stuff.
    thanks a lot for sharing it.

    I would like to offer a great topic for you. Once check it for valuable information.

    Forex

    Forex

    Currency Trading

    Currency Trading

    ReplyDelete
  56. Extremely helpful post. This is my first time i visit here. I discovered such a large number of intriguing stuff in your blog particularly its exchange. Truly its extraordinary article. Keep it up. สมัครufa800

    ReplyDelete
  57. Your post is very helpful!
    It’s really amazing to have great stuff.
    thanks a lot for sharing it.

    I would like to offer a great topic for you. Once check it for valuable information.

    Equity Market
    Equity Market
    Equity Market
    Equity Market

    ReplyDelete
  58. Thanks have been given the opportunity to comment. Hopefully what you provided is useful for all those who need them.
    prediksi mantul
    angka result
    prediksi jitu

    ReplyDelete
  59. I wish people would write more about this as you have done.

    Thanks
    เทคนิคการเทรด Forex

    ReplyDelete

  60. POKERSTAR55
    bonus member baru 20%
    bonus harian tanpa batas 5%
    deposit pulsa tanpa potongan

    buruan daftar bosku hanya di Pokerstar55
    Pokerstar55,club
    Silahkan di add nomor WhatsApp Admin kami ya Bosku : 0878-8853-7357
    untuk untuk lebih besar guysss!!!!

    ReplyDelete
  61. Awesome blog. I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Keep up the good work!
    python training in noida

    ReplyDelete
  62. I absolutely loved everything about this post, you are very talented in terms of writing and know how to make it sound interesting. Looking forward to seeing more great posts from you soon.
    Visit us for Personalized Coffee Mugs.

    ReplyDelete
  63. I admire this article for the well-researched content and excellent wording. I got so involved in this material that I couldn’t stop reading. I am impressed with your work and skill. Thank you so much. แทงบาคาร่าออนไลน์ขั้นต่ำ 10 บาท

    ReplyDelete
  64. Thank you for sharing superb information. Your blog is very cool. I am impressed by your blog and detail that you have on this site. Thank you…
    Custom Packaging Boxes
    Custom Boxes with Logo
    Custom CBD Boxes

    ReplyDelete
  65. Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me. Joker game

    ReplyDelete
  66. Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me. Joker game

    ReplyDelete
  67. Thanks for sharing. Really useful information and it’s a great article with good resources. Checkout our Stock Investor website for more latest stock market update.
    Bharat Agri Fert & Realty Stock Price
    Bhansali Engg live share price
    Bhandari Hosiery Exports Ltd Share Price
    Bhakti Gems and Jewellery Share Price

    ReplyDelete
  68. None of this is true when playing live. Conversations go on constantly. Poker is a social game and this is part of it. There are few hands in which some server is not taking orders for free drinks. 바둑이사이트

    ReplyDelete
  69. Most of the time I don’t make comments on websites, but I'd like to say that this article really forced me to do so. Really nice post! 바둑이게임

    ReplyDelete
  70. The site is looking piece garish and it gets the guests eyes. Outline is really basic and a decent easy to use interface. options scam

    ReplyDelete
  71. Punjab School Education Board has issued the PSEB 10th Model Paper 2022. Candidates can practise by downloading pdf files of past year exam papers from the Punjab board for class X. Aspirants will learn about the question paper by solving them, PSEB 10th Model Paper 2022 including the marking structure, types of questions asked, exam time, and so on. The PSEB Class 10th Exam 2022 will take place from April 9 to May 1, 2022. (tentative). For more information on PSEB 10th 2022 Model Paper, read the article.

    ReplyDelete
  72. Great Information sharing .. I am very happy to read this article .. thanks for giving us go through info.Fantastic nice. I appreciate this post. เว็บพนันออนไลน์

    ReplyDelete
  73. It’s going to be finish of mine day, but before end I am reading this great post to
    increase my knowledge.
    digital marketing training in delhi

    ReplyDelete
  74. 먹튀검증 You possess lifted an essential offspring..Blesss for using..I would want to study better latest transactions from this blog..preserve posting..

    ReplyDelete
  75. Most of the business-like games usually involve more complicated instructions to be able to play the game properly; these complicated mechanics somehow give the players have a game environment that is more like the real world that they are living in. 메이저놀이터 추천

    ReplyDelete
  76. There are however many people who find it more exciting to go to a live slot parlor. They feel that the large number of people cheering up is far better than getting stuck into the room and missing that kind of excitement. 먹튀검증

    ReplyDelete
  77. t is ideal to create an attention-grabbing headline for your website banner to encourage viewers to hit on the page and continue with your product or services. 텍사스홀덤

    ReplyDelete
  78. If you encounter such a player at your table, you must adapt your Texas Hold'em strategy to take advantage of such an under confident player. 텍사스홀덤

    ReplyDelete
  79. If you want to know new online games and its rule and regulations then visit shotcasino.com that helps you a lot. keluaran hk

    ReplyDelete
  80. This cynical use of someone's moment of desperation should cause outrage. But proving intent may be difficult and in any case, many of those gambling websites are just not under any jurisdiction that would take an interest in checking the legality of what they do. They can always claim that they are sincerely trying to help gamblers with a problem. add more

    ReplyDelete
  81. What selected credit card does your chosen online merchant account deal with? Selling Merchant Services

    ReplyDelete
  82. You should be very careful while doing the trading. Choosing the right platform and right signal provider is also very important. Many channels of forex signals that are available on telegram does not provide the expected results. It is advisable to not use all the free signals on telegram, in spite of that you can invest some pennies on the paid forex signal provider at least they are reliable and can provide you, your expected outcomes and profit.
    https://thegoodoutlook.com

    ReplyDelete
  83. I'm glad I found t web site, I couldn't find any knowledge on this m prior to.Also operate a site and if you are ever interested in doing some visitor writing for me if possible feel free to let me know, im always look for people to check out my web site. Big thanks for the useful info.its never too late to invest. if you want to invest and hungry for the profit visit us for best demat trading account

    ReplyDelete
  84. This Article is very interested . thanks for sharing the wonderful information .
    https://www.brokerreviewfx.com/

    ReplyDelete

 
Top