Pros and cons of forex bonuses

This month, as always, I updated my list of free Forex bonuses offered by various brokers. If you followed my blog then you know that I created this list some years ago. It was the time when big filehosts fell one by one, and file posters lost money because of this. That time I decided to try something new: forex and binary options trading.

First of all, I understood the axiom: if you do not have any experience and skills in trading then you may simply lose your money on forex or binary options. So, what to do in such a case? To waste some months or years studying the trading theory? But without any real practice, you simply lose your time.

Of course, you may get some practice on trading with demo accounts. Well, as for me, such demo practice is similar to studying car driving via computer games.

So, how to get real trading practice without investing real money? Nonsense, hah? No! I offer you a way when you get real practice with real money on forex and binary options without any investment of your own money.

A regularly updated list of forex brokers with no deposit bonuses may help you in your trading start. So, when I understood this fact, I started to use such bonus offers for my studying on real trading.

Sometime later, I thought that my readers might need such information too. Then I began to collect these free bonus offers from brokers and post them on my blog.

Of course, some of these offers may be temporary, and some of them may be permanent.

By the way, I remembered one important moment! Did you hear that some brokers may be scammed? Yes, I guess.

But do you know that such scamming brokers may continue to work for some time to steal additional money via different promo offers at last? No deposit bonuses help to save your money in such cases too.

So, let’s look at the main pros of such kinds of bonuses:

1. If you use free forex(binary options) capital (bonus), then you do not need any starting capital for the beginning of your trading. If you trade profitably, over time, you will be able to turn this profit into your first trading capital. If you lose money, then you need more practice in trading, and you can take advantage of a free bonus from another broker.
2. With such bonuses you may check the broker if it has been scammed or not. How? You request bonus money. Then you should trade with this free money. When you complete the bonus conditions then you may request a money withdrawal. If you get the money in your bank account, then the broker is reliable and you may continue trading with this broker. If you do not get the cash withdrawal, then the broker is unreliable and you have to forget about it and not risk trading via such a broker’s platform.

So, you see, there is common sense in using such no-deposit bonuses for forex, binary options, commodities, and so on.

If you look at my non-deposit bonus list now, then you will find there are more than 20 bonus offers with a total sum of bonuses of more than $1300. Isn’t that good?

As I wrote at the beginning, I update it regularly: some offers are included in the list, and some offers are removed from the list.

Be in touch, if you don’t want to miss new offers, and do not forget to check the blog page with this list regularly.

Good luck in trading, and remember, forex and binary options are risky and you may lose all your money!