Can I withdraw funds from a no deposit bonus account?
The answer, depends on the broker's policy. It would be nice to read the rules of the broker program. There are forex brokers who require the fulfillment of lot trading, and some do not require this, but only profit is collected and the funds are withdrawn. There has also been an order closing with a certain time limit. This is a challenge and a test of ability for trading enthusiasts.
Since there is no risk and no psychological pressure in playing this type of account, you can test the broker's platform at ease.
Types of treatment on no deposit bonus accounts
Withdrawable no deposit bonus
Bonuses are traded until they meet the program requirements. Profits and bonuses can be withdrawn.
Profit withdrawal only
Only profit can be withdrawn, it can be with a certain limit or free. Still, broker regulations are key.
Withdrawals must be accompanied by a deposit
After fulfilling all the trading conditions on a no deposit bonus account, apparently there is one more step, namely making a deposit according to the broker's program.
Above, three examples of the treatment of brokers on the conditions and rules of the no deposit bonus program have been presented, especially regarding the withdrawal of funds. There may be other regulations that appear with the term no deposit bonus program.
Top credit or balance to the no deposit bonus account
The document verification process usually takes a few working days. After that, credit will be added to the trading account.
Trade without risk
Basically a no deposit bonus account is a trial account. Without having to make a deposit, the broker provides a non-withdrawable credit. If the trading results have met the target according to the program rules points, the broker will change the non-withdrawable credit or profit point to real-cash money .
What is the difference between no deposit bonus and welcome bonus ?
To please clients and encourage forex trading, brokers provide bonuses with the term "welcome". So, it is as if an initial opening of the trading room and the client gets a bonus. Not that welcome bonus it has to be no deposit bonus. There is a welcome bonus in the form of a bonus for the initial deposit and this can be in quite a large percentage amount.
Activity period no deposit bonus
Most brokers terminate the active period of the bonus after execution of withdrawal. It has happened that brokers have given a second withdraw opportunity and so on with a certain period of time before the withdrawal of the bonus, but this is very rare.
>>No Deposit Bonus List
