Home > Trading practice > No Deposit Forex

No Deposit Forex

By arrow11, January 24th, 2010

No deposit Forex is not an utopian concept. The trade starts with a bonus but usually to use this bonus you need to give some deposit. However, there are various Forex companies that give you opportunity to trade with no deposit Forex. There are various online facilities too that let you download their trading system and opening a gateway for you to join the league of online trading with no deposit Forex.

About No Deposit Forex

There are some market makers that are available over-the-counter. You can open an account with them for trial run and then start live trading from same account. You don't need to pay anything as this is a no deposit Forex account. At the top of it you may earn $5 bonus to start up the account. Depending upon the company, the amount of bonus for these no deposit Forex accounts may vary from $5 to $100. And in case you go into a negative balance, you can deposit some money to make it positive through PayPal or other modes of web money transfer.

Other Benefits with no-deposit Forex

There are websites where you do not need to pay fee for exchange or commission to start up with the venture of Forex trading. They provide 24x7 customer care service for trading support. You can start with a very low amount of money $100, it is safe as well as cost efficient. Some websites even offer you practice sessions so that you start with this new venture only when you are ready. Usually the sites that offer the facility of no deposit Forex trading, come with these facilities as well. You can start with a demo account and then pay for the first trade. There are many automated Forex systems as well that gives you opportunity to trade with no deposit Forex. So, while you are away from your machine and engaged in your day job, the no deposit Forex software catches good deals for your account and notifies you. Isn't it eating the cake and having it too.

Some Warnings

Internet market is flooded with different companies with which you can start trading no-deposit Forex instantly. Before giving your bank account information, it is advisable to go through the reviews of the same. Though not necessarily, yet you should not ignore the possibilities of fraudulent cases. There would be technical snags, there can be complaints about less responsive customer service, but if you find negative feedback on their reliability, it is better not to go with them. They may drag you to a negative balance where you will be compelled to transfer money. So in spite of being a no deposit Forex facility, you will end up paying more than that.

That surely does not mean that none of these companies can be relied upon. Everyday trillions of different foreign currencies change hands through this business with many people making hay in sun. You can also be one of them. All you need to do is choose your market maker for no deposit Forex very carefully and after doing research.