No deposit bonus
I'm sure you've heard of this term in your Forex journey. It sure sounds good, but it can be a trap; we'll help you understand what this all is, and how you can take advantage of it.
What is it?No-deposit bonus is where a website offers free money to you for signing up; it's like having demo money, but often very little of it. It's mostly locked to the account, as you'll sometimes need to double or even triple it to even begin the withdrawal process. Not all sites offering this are legit; some will offer fake no-deposit bonuses. You will need to read all the conditions before signing up; most of them have lots of conditions that make it very difficult to withdraw or even deposit; some will ask for you to deposit at least 500$, then ask that you must use at least 400$ of it before withdrawal and all that.
The reason people even offer this is in the hope that they can expand their user base, and it does- some will end up offering thousands of no-deposits to clients in hope that they spread the news to their friends and so on; it works out of both the offerer and the taker, although some of these people simply hunt for NDs. For this reason, there are all the terms and conditions.
Very few sites offer explanations for this, as it's so self-explanatory, and the fact that simply by searching what this is will simply bring up thousands of pages of sites with NDs waiting for you.