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Abstract:For newcomers to the market, entering the world of forex trading can be a little unnerving. So what better way for Malaysian traders to overcome this unease than with a ‘No Deposit Bonus Forex’? New traders are afraid of risking their money, and free bonuses such as no-deposit bonuses are not a problem. All a trader needs to do is register an account with a broker and become a member.
For newcomers to the market, entering the world of forex trading can be a little unnerving. So what better way for Malaysian traders to overcome this unease than with a ‘No Deposit Bonus Forex’? New traders are afraid of risking their money, and free bonuses such as no-deposit bonuses are not a problem. All a trader needs to do is register an account with a broker and become a member. Forex brokers usually offer such bonuses in order to familiarise their clients with their services and increase the number of potential clients. As the name suggests, Forex no deposit bonuses do not require you to pre-fund them; you simply receive the bonus and start trading. Furthermore, any profit you manage to earn will be entirely yours, provided you fulfill the terms and conditions of the bonus.
A no-deposit bonus is essentially a free reward offered by brokers to new traders, without the need for any initial funds to be deposited into their accounts. It presents a risk-free chance for both novice and experienced traders to explore a new broker's platform. It's akin to the broker saying, “Here's some cash to try us out!”
Imagine it as a complimentary test drive of a brand-new car, with no upfront payment required. It may seem too good to be genuine, but no deposit bonuses are indeed a reality in the Forex market, with numerous top brokers incorporating this feature into their marketing strategies.
You might ponder why Forex brokers would hand out free money to traders. What benefit do they derive from it? Well, there's a strategy behind this practice. Brokers employ no-deposit bonuses as a means to lure new clientele. It's similar to offering samples in a supermarket—once you taste it, you're more inclined to purchase the full product.
Furthermore, this approach enables brokers to exhibit their platform's features and trading conditions without demanding any immediate commitment from traders. It's a mutually beneficial scenario: traders gain experience in trading, while brokers potentially acquire long-standing customers.
Let's dissect it. Upon signing up with a Forex broker that provides a no-deposit bonus, you'll be granted a modest sum of free trading capital. This could vary from 10 to 100 or even more, contingent on the broker. You can utilize this bonus to trade on live markets, and once specific criteria are fulfilled, any profits you accumulate can be withdrawn.
However, there's a stipulation—brokers typically impose withdrawal conditions, such as trading volume prerequisites or time constraints. It's vital to comprehend these terms before proceeding, to avoid disappointment when attempting to withdraw your earnings.
Below is a list of Forex brokers that offer ‘Forex No Deposit Bonus’ to Malaysian clients.
Broker | Bonus type | Value | How to receive | Regulation | Bonus |
Tickmill | No Deposit | 30$ | Registration, verification. The bonus cannot be withdrawn, the profit can be withdrawn within 30 days within the range of 30-100$. | FCA, CySEC, FSCA, LFSA, SFSA | Get |
RoboForex | Welcome | 30$ | Registration, verification, deposit from $10.The bonus cannot be withdrawn, profit can be withdrawn without restrictions. | FSC | Get |
HFM | Welcome | 20% from the deposit | Registration, verification, deposit from $50.The bonus cannot be withdrawn, profit is withdrawn subject to the conditions. | SVGFSA, FCA | Get |
XM Group | Welcome | 20%-50% | Automatic credit up to $5000 bonus | CySEC, ASIC, FSC, DFSA | Get |
InstaForex | Welcome | Up to 100% | Registration. The bonus cannot be withdrawn, profit is withdrawn subject to the conditions. | BVI FSC, CySEC | Get |
Libertex | Welcome | 100% from the deposit | Registration, verification, deposit from $100. Bonus funds are converted into the real funds with a possibility of withdrawal in the process of trading. | No regulation | Get |
1.Tickmill $30
Tickmill offers a $30 no-deposit bonus. Available for new traders only, Tickmill offers a $30 Welcome Account. It allows new investors to learn more about Tickmill's services and try them firsthand without risking their funds. The profits earned making these trades are yours to keep.
How to get a bonus?
If you are interested in receiving this bonus, you need to complete the following steps:
The first step is to create a new Welcome Account with Tickmill. This will require verifying your account by providing the platform with specific information. Welcome Accounts have the same trading conditions as pro accounts.
From there, traders have the option to raise or lower leverage.
Investors have up to 14 days after the 60-day period to claim their profit.
The initial deposit may not be withdrawn, but the profit can. However, investors can only withdraw a minimum of $30 and a maximum of $100 from their welcome accounts. To withdraw, the funds can be withdrawn from the Welcome account to the clients wallet. From there, it can be withdrawn using your method of choice.
Can I withdraw the profit?
The initial deposit may not be withdrawn, but the profit can. However, investors can only withdraw a minimum of $30 and a maximum of $100 from their welcome accounts. To withdraw, the funds can be withdrawn from the Welcome account to the clients wallet. From there, it can be withdrawn using your method of choice.
Profit Share is a universal Forex bonus from a reliable broker. It is universal because it is awarded for every deposit and not only the first one. When a trader makes a deposit, he can choose the Profit Share option and get an additional 60% to the deposit. The limit for this bonus is 50,000$. In order to receive the bonus, you need to have a verified account and deposit at least 10$. This bonus can be used during “drawdown”, but traders own funds are used first. The Profit Share deposit and bonus are available for withdrawal once the trader makes a specific trading volume.
3.HFM
4.XM
XM offers a “Trading Bonus” promotion, giving new clients in Malaysia a $50 bonus without requiring a deposit. In certain regions, new clients are eligible for a $30 No Deposit Bonus, This bonus is credited automatically upon account opening and can be used for trading. Profits made from the bonus can be withdrawn, though the bonus amount is deducted proportionally upon withdrawal. The bonus is valid for 30 days.
InstaForex offers a $5000 Forex bonus. This bonus allows users to start trading Forex and learn the platform's rules in real-time.
How to get a bonus?
To begin the process, you must open a Live trading account. This requires filling out a registration form and responding to the email associated with your new account. Once you have completed all requirements, the bonus will be credited automatically.
Use the bonus to start making trades.
Users can choose to make trades on their own or try more automated methods such as the ForexCopy system.
Can I withdraw the profit?
Yes, users can withdraw the profit. However, users must follow all restrictions to receive the profits from the bonus.
6.Libertex
This popular broker offers another beneficial welcome bonus Forex Malaysia. The bonus can be received only once – during the first registration of the account. For this, you need to verify your account and make a deposit – a minimum deposit of 100$ is enough. The broker then awards a 100% bonus to your deposit. Traders can convert bonus funds into real funds and withdraw them. For this, they need to trade more, as the bonus is converted based on the paid fees for the transactions plus the repayment rate factor.
Here are the pros and cons of the Forex welcome bonus:
Pros | Cons |
Traders who cannot make a large initial deposit can have additional funds for trading due to the welcome bonus. | Bonuses of this type typically require at least a minimal deposit, meaning you can't receive them without funding your account. |
The bonus offers a chance to evaluate the broker's services and comfort level of trading with real money under real conditions, with minimal risk to your budget. | Bonus funds are often non-withdrawable or require trading high volumes before they can be withdrawn. |
Welcome bonuses in Forex Malaysia can often be used to mitigate losses (drawdown), reducing risks to the trader's budget. | Receiving free funds may encourage irresponsible trading behavior, potentially leading to losses. |
Here are the pros and cons of No Deposit Bonus Forex:
Pros | Cons |
You can start earning money in the Forex market without using your own funds. | The bonus itself is usually non-withdrawable. |
Traders do not risk losing their own money when trading with bonus funds. | Profit earned from bonus funds may only be withdrawable at a certain trading volume or after a certain period. |
The funds provided by the broker can be used to test the suitability of the platform. | Additional conditions may prevent full withdrawal of profits earned from bonus funds. |
Bonuses are invaluable for novice traders, allowing them to gain real experience without risk. | If a trader does not trade actively, there may not be much benefit from the bonus. |
Brokers may recall Forex no deposit bonuses at any time. |
Here are the pros and cons of Forex deposit bonus:
Pros | Cons |
A trader receives additional funds to his/her account for free. | A number of conditions must typically be met in order to withdraw funds from a deposit bonus. |
Profit potential increases with the additional funds. | The bonus may psychologically encourage traders to trade more actively, potentially leading to losses. |
Deposit bonus is especially beneficial for traders with a small budget. | For traders with significant capital and large deposits, this bonus may not be important. |
Bonus funds can be used to explore and familiarize oneself with the trading platform. | Bonus funds can be withdrawn by the broker at any time for various reasons. |
There is a chance to make good money with minimal initial investment. |
Forex no deposit bonus Malaysia may seem beneficial only at first glance. Many brokers offer substantial amounts, but it is impossible to withdraw them, while the profit earned by trading with the bonus can be withdrawn only if you make high trading volume or within a limited time period.
Before opening an account with a broker and activating Forex bonus, read full conditions of receiving such a bonus. It may look attractive on the broker‘s website homepage, but there are always additional conditions and even ’pitfalls.
Welcome bonus Forex Malaysia may be unavailable with some brokers. Please note if the broker has a list of countries and regions, where the company does not operate, on its website. Although the restrictions are rare for Malaysia, it is still better to check.
The bonuses are almost never added to one another. In this case, you need to think about which bonus is more profitable to take now, and which one to leave for the future.
Do not rush to choose a broker with a beneficial Forex bonus. Compare the maximum number of companies working in Malaysia, compare their conditions and potential. Or, you can choose an easier way and review our top list.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.