In this highly competitive marketplace, Forex Brokers are interestingly willing to spend money to entice new traders to test their service. Of course, without saying the obvious, there are plenty of no-so-good brokers (which we will not list out). Our job as traders is to know how to filter the good from the bad. And that we have done for us.

All the Forex Brokers that we recommend and promote to you must first fulfill the below criteria...

1. We have to be using these Forex Brokers in our tradingWe must be using them without ANY problem which means we have to be happy with them before we even recommend them as a potential Broker for your consideration. We have withdrawn with hassle from these Brokers and we have been impressed with their support. 

2. High User Review and Rating with Forex Peace Army
These Brokers have good reputation have highly rated in ForexPeaceArmy.com. Without a high rating in Forex Peace Army, we will not even consider trading with them.

3. These Forex Brokers Offer a Competitive No Deposit Bonus

These Brokers offer Fair No Deposit Bonus that you can immediately use to trade. Most of these Brokers offer USD30 as the welcome bonus. There are plenty of other Brokers offering up to even USD100, but they do not fulfill the above criteria 1 and 2. We cannot and will not recommend these brokers.

So what kind of restrictions most of these brokers have for utilizing these No Deposit Bonus? As serious traders, we want to know and so that we can be smart about our decisions...

Is this really Free cash?

Yes it can be looked at as Free cash. No deposit bonuses often go by other names as Forex Brokers desperately try to differentiate themselves from the pack. We just need to understand that different terms have been used such as "free cash bonus" or "welcome bonus." No deposit Bonus basically is a promotional tool to attract new trading clients to open an account. When you open an account, you have to leave your details and also have yourself verified. Only when you are verified, you are awarded the bonus and only then you are allowed to trade with it.

Any string attached to these No Deposit Bonus?
Once you trade and assuming you have made a nice profit with these bonuses, there is usually a volume restriction. You have to at least trade a certain minimum volume in order to withdraw the profit. We think it's only fair to prevent abuse. After all, if you have a good strategy, you will achieve the required trading volume to unlock the withdrawal key to your profit. Make sense? 

Trading with No Deposit Bonus and Welcome Bonus

You can really use this Bonus and trade like real cash but you cannot withdraw the bonus directly. You can only withdraw the profit once you achieve the trading volume requirement. Different Brokers have different trade volume requirement. So be sure to check... again, this is not necessary if you are trading with a good strategy because you will be trading long term and the volume requirement will eventually be unlocked.

Should I use the No Deposit Bonus offer by these Forex Brokers?

This is the way Forex Brokers are saying... you can try us risk free. Use our money and trade to test our execution speed and support. They hope that you will like your experience with them and then deposit more money to trade with them. Like mentioned earlier, there are good brokers and not so good brokers out there offering these cash bonuses. We have filtered them (the good) from the bad for you. So sign up and take a look at a good list of brokers that's willing to work hard to earn your business as a long term trading client.

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