Roboforex no deposit bonus 2022

However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of before going ahead.

What are the Pros and Cons of Forex Bonuses? Pros The forex no-deposit bonus allows the trading with minimal risk Most brokers set unrealistic standards and hard terms and conditions Helps maintain the trading balance with modest funds. Most of them limit the withdrawals of both profits and free bonus The deposit bonuses can be used to recover the cash deposits lost while trading The free money often leads to higher expectations and over the trading of deposit bonuses Helps in adapting to the live trading environment and manage the forex bonuses Traders are heavily restricted with rules and regulations, and they are required to follow the terms and conditions.

The deposit bonuses provide traders an option to margin their investments in larger trades How does a Bonus in Forex Work? How Forex Brokers Bonus Work? To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are: Deposit Bonus: The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage —with a welcome bonus.

No-Deposit Bonus: Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus. Terms and Conditions for Bonus: The Forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits.

One needs to be aware of the listed terms and conditions that brokers employ. Minimum Trade Amount to Withdraw: There is a complicated process to withdraw the bonus that is made. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade.

These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. This is suitable for people who are: Regular traders who place dozens of trades per day.

Often play through the set amount of the trades. People with typically large trade sizes. Time Limit: Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task.

Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals. Eligible Pairs: In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted. Supported Nationalities: Some forex brokers Australia choose to permit bonuses to only certain nationalities.

Hence, traders are advised to use the domain according to the country of residence. Minimum Deposit: Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages. How to Find the Best Forex Bonus? The global foreign exchange market is vast and comprises different kinds of traders.

Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus. Research Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy.

This listing was last updated on 29 October We want to help our loyal visitors as much as possible to get a discount at as many online webshops. Therefore, beside RoboForex, we have over 20' other online webshops on our website with a wide range of Coupon Codes, offers and promotional codes.

There are normally several Coupon Codes available. Just think of a free shipping code or a code that gives a certain percentage of your order. Some Coupon Codes are for a specific product, other promotional codes give you a discount on the entire assortment. It is a surprise every day, which promotional codes offer the webshops, but in any case, they will find them here on our website! Most Coupon Codes can be used, but we also offer promotional codes and offers from stores and brands abroad like Europe, China or Brazil.

This way you will find the best bargains worldwide! To make at for our visitors as easy as possible, we've selected the best and most advantageous Coupon Codes of RoboForex and put them on top of the listing. This way you save time, because you see all Coupon Codes in a handy overview. So, if you're going to buy at RoboForex, we recommend using a coupon code or offer from our website, so you can enjoy more online shopping! And the most beautiful of everything?

You do not have to register for coupon codes RoboForex Coupon Codes, but we recommend you sign up for our newsletter. That way, you get the latest Coupon Codes, offers and special bargains in your mailbox. We select the webshops with the most beneficial actions for the newsletter, so you can also get acquainted with new online stores.

What is a RoboForex coupon code? A coupon code from RoboForex is a alphanumeric code that you used to get the discount on your order. These Coupon Codes are also called coupon code, promotional code, discount code, promo code or coupon. Webshops from around the world use these types of codes to give discount to their customers on certain products or orders. How can I use a RoboForex coupon code? An action code or promotional code from RoboForex Can be used in two ways.

How do you find a couponcode at promocodes.

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According to the rules of this bonus program, you may withdraw both your profit of 20 USD and 10 USD, invested at the start, without any additional commissions and obligatory turnover in trading lots of a certain volume, as stated in rules of similar welcome bonuses from most brokers on the market. In this case, if at some moment your trading will become unprofitable, then your funds will be deducted from your account first, and the Welcome Bonus will be available to continue trading and restoring profit.

You open an order to buy 0. Now your account balance is USD. Then the price passes 50 pips and you close the position. Based on these examples, you can see that trading with Profit Share Bonus can generate more profit. In addition, if your trading will bring losses, then not only your own money will be deducted from your account, but also part of the Profit Share bonus will be deducted too.

This option is the undoubted advantage of this Roboforex bonus type. Thanks to it, you will lose less personal funds using Profit Share than you would lose without using the bonus. The bonus will be available on your first deposit into your real account. Based on the example above, to achieve an active trading day, we need to close at least one position a day Of course you cannot close a position without first opening it.

This requirement forces the traders to trade more; sometimes out of the compulsion of fulfilling the active day requirement. Conclusion: Traders need to be super active in trading to fulfill active trading days.

It is not a pleasant idea to have. Extra Deposit Required It is initially advertised as a no deposit bonus. But when it comes to the profit withdrawal step, you are suddenly required to deposit a certain amount of money to be eligible for the profit withdrawal.

Do not be surprised! This is a common example of what is happening in most cases. The purpose of the forex brokers is very clear. They want you to stay with them and trade with them. As we told you at the beginning of this guide, the main reason for the no deposit bonus is to entice you to trade in the forex market.

From our experience, the traders are usually required to deposit an equal amount of profit. Traders then need to trade with the deposit to fulfill a certain amount of trading volume. Conclusion: If a no deposit bonus needs a deposit at the end, why is it called no deposit bonus in the first place? Subscribe To Penguin Meter Updates After 5 examples, Ahmad is devastated by all the rules and regulations set by the forex brokers.

He decided to stick with Forex Penguin and subscribed to the newsletter. He is waiting for Penguin Meter to choose a better no deposit bonus. If you are like Ahmad, please subscribe to our newsletter for more updates. As we work closely with most of the forex brokers listed on Forex Penguin, we have the first insight into what is really going on behind the scenes.

These abusive strategies have often discouraged a good forex broker from offering its first-time clients the trading incentive in the form of no deposit bonus. In this section, all information is written for educational purposes and it is not to be repeated. We also hope that through this guide, we can help honest forex brokers to find some alternative ways to combat the abuser. Hence, the no deposit bonus promotion can continue and bring benefits to genuine first-time traders.

Multiple Bonus Sign Up Forex no deposit bonus is clearly a popular way for new traders to start learning forex while not using their own money. It also attracts some syndicates to pocket this golden opportunity. Since most forex brokers are aware of the multiple bonus sign-up abuse, they have strict rules to go against it. Unfortunately, for every rule, there will be creative ways to break it.

We received reports that especially in the poorer countries, there are people who collect or buy KYC documents in bulk. The documents include scanned copies of international passports, national id cards, government-issued driving licenses, household utility bills, bank statements, and more. Depending on the market conditions, some of these bonuses could generate profits and some will lose.

The abuser then can withdraw the profits and move on to the next brokers who offer new bonuses. Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore. This creates a zero-sum game, in which there will be no loss in total. Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and losing the other one.

Since the bonus is given by the broker, the account on the losing side has no monetary impact on the account holder. On the other hand, the account that has gained profit is eligible for withdrawal. The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop-out level.

This method is banned by the forex brokers because it is deemed cheating and clearly violates the sole purpose of the no deposit bonus, which is to give the opportunity to the new clients to try out the forex broker without their own deposit. To combat the abusive bonus hoarders, some forex brokers have introduced a set of more stringent rules and regulations. We summarize these carefully designed restrictions in the following section along with the explanation.

IP Address Restriction Most of the forex brokers will not grant any no deposit bonus if there is an existing IP in the subnet that has already received the bonus. This is a simplified filter to discourage the same person from creating new accounts. Countries Restriction Some of the countries are not on the list of recipients. This is due to the high fraud activities in that country. To simplify matters, the whole nation is barred from receiving the bonus.

This can discourage the abusers from creating new accounts because they have to constantly recollect or rebuy the newly updated KYC documents. Extra Deposit To Acquire A Bonus It has become a trend that a small deposit is required to receive a no deposit bonus. This can separate genuine traders from fraudulent ones. The downside of this restriction is that it might discourage the real trader from even signing up with the broker.

There are many more ways that we have not mentioned here. It is crucial to know that abusing the privilege of no deposit bonus cannot make one rich and there is no point to cheat when we can earn from forex by educating ourselves better. There are many free bonus forex brokers in the market offering no deposit bonus forex trading.

This will bring some confusion when you are trying to make a decision. Remember to check all available brokers online and in your area, and evaluate them individually before you get started. Reputation The reputation of a broker depends on traders who have dealt with them in the past.

Traders will not hesitate to tell all if they lose money through rogue dealing with a broker. They will leave reviews so that the next person knows what they are dealing with. People in your circle who had experiences with forex trading will happily share their invaluable insights. They will also recommend their broker to you.

A good recommendation from an acquaintance could save you a lot of time and trouble. Regulation The reputation of a broker depends on their alignment with the law. You want to work with a broker who has been approved and certified by the right authority. A regulatory authority assures the economic strength of the broker and its integrity towards its traders.

Without regulation, traders are left without any resources to back up the legality of the broker they are using. Some countries have strict rules about forex brokers running forex operations. They already have organizations in place to regulate companies that do business in their countries. Unfortunately, there is no central organization to oversee the forex market.

They need to be certified to carry out business in your country. They should have a good reputation. Think of what you want in a long-term business partner. If the trial period goes well, you will be working with them in the long run.

Choosing a good broker is only the first step toward getting into the game. The second part is making a comparison. Different brokers have different trading conditions and deposit bonus amounts. Our portal ForexPenguin. Check it out frequently to help you make the best choice of the day.

After that, you can check out the communities of traders to see the latest offers available. This way, you can take full advantage of them. Traders in online forex communities are generous with information. You can even get tips on how to best use a forex bonus. Demo accounts have a fictitious sum of money in them but possess features of a real trading account that you need to build experience.

They offer no deposits — just trading experience and insight. A forex no-deposit account does not ask you to deposit any money with your new dealer. Rather, it gives you some money to get started upon registration. The money is not accessible. You need to trade with it a few times as per the requirements of the broker to access the bonus or profit derived from trading with it.

It is meant to entice newbie traders to register and start trading without the fear of losing any money. It is offered as a specific amount — again at the discretion of the broker — and paid as such. A forex deposit bonus is, as the name suggests — you pay a deposit to trade and the bonus is either offered at the beginning of the trading session or later. The bonus will be a percentage of your deposit. The broker should let you know the percentage at the beginning of trading.

The Fake One There are many fake forex no deposit bonus websites. Some forex brokers just want to attract more traffic to their website and therefore they give a fake offer. The following tips may help you tell the real no deposit bonus from the scam ones. One of the obvious steps is to have an SSL certificate.

It is easy to identify the SSL certificate. Check the URL. A good forex broker will have an excellent and brandable website name. Although it is not necessarily true, we can use it as an indicator of how serious the forex broker is treating its website. Most of the fake no deposit bonus forex sites will have bad and complicated names. The age of the forex broker is also a good determining factor. Most scam forex brokers cannot last long.

It is a good practice to deal only with well-established forex brokers. Responsive support from the forex broker is super important to determine whether it is a genuine one. Check out whether a forex broker provides its users with a way to contact them. If there is no way to contact them, then it is probably not a good broker. If the response towards email or live chat is slow, then it is a no-go as well. Locate The On-site Reviews It is a good practice for forex brokers to have a comment section on their websites.

Its purpose is to let its customers leave their testimonials. A legit site will not be afraid to be open and transparent. Some forex brokers might even have their forums. You can browse the forum to see whether there are complaints and how the staff handles the complaints. A clean record does not mean it is safe. Hence we need to check their off-site reviews as well.

Check The Off-site Reviews A third-party review site can help us to confirm whether the offers are legit. There are many forex brokers review sites and forums on the internet. A simple search on Google can reveal the skeleton in the closet. Here at Forex Penguin, we allow our users to rate and comment on every bonus which is listed here.

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Best bonuses from Roboforex 1 Popular broker RoboForex offers 3 bonus programs, which can be used to get free money to a real trading account in You can use these real accounts for trading via MetaTrader 4 and MetaTrader 5. The benefit of this bonus for a trader is that you will be able to withdraw all profits earned from trading as on your own money and on bonus money.

Then you have made a 20 USD profit on your trading account. According to the rules of this bonus program, you may withdraw both your profit of 20 USD and 10 USD, invested at the start, without any additional commissions and obligatory turnover in trading lots of a certain volume, as stated in rules of similar welcome bonuses from most brokers on the market.

In this case, if at some moment your trading will become unprofitable, then your funds will be deducted from your account first, and the Welcome Bonus will be available to continue trading and restoring profit. You open an order to buy 0. Now your account balance is USD. Then the price passes 50 pips and you close the position. Based on these examples, you can see that trading with Profit Share Bonus can generate more profit.

The limitation of the trading asset means that we will have fewer currency instruments to choose from. Hence it badly restricts the opportunity to trade when we spot a good entry setup for a particular currency pair. The main purpose of no deposit bonus is to allow clients to feel how it is when trading with the broker in live market conditions.

Bonus Validity This refers to the lifetime of a no deposit bonus. The bonus will be canceled by the forex brokers when it is expired. A short bonus validity means that clients might not have enough time to truly engage with the account. On the other hand, if given enough time, clients could even have the chance to trade in different market conditions.

A good period of testing a live trading account should be 30 days or more. It will give ample time to the clients to fully understand what real trading is all about. After all, no deposit bonus is designed for new traders to have a taste of how forex trading works. Conclusion: Short bonus validity is not a go. Hedging Is Not Allowed Hedging in forex trading simply means having 2 open trades in different directions. A few moments later, he opened a sell order at 1.

Having an active long position buy order and an active short position sell order means Ahmad is hedging the market. The purpose of hedging usually is to temporarily eliminate the risk of being in the market. Sometimes hedging is used as a part of a certain trading strategy. Restricting hedging would mean that the traders need to look for other trading methods. Conclusion: Without hedging being permitted, traders will have difficulty trading in both different directions simultaneously.

Scalping Is Not Allowed Scalping is a method that traders use to earn a small profit usually pips multiple times in a day. They also will hold the position for a very short time. Usually, traders use this method during high market volatility such as during the release of economic data and news. It is popular among traders because it has the potential to catch a lot of pips in the shortest time. Of course, it is also a way to empty the account very fast. For every open position, you will have to pay some spread cost.

It must be used wisely if you do not want to suffer a margin call. Conclusion: Since it is a popular method among traders, limiting its use will certainly cause trouble for traders. Limited Leverage What leverage means is that we can use a small amount of money to trade a larger position.

Example 3: Ahmad is given the leverage of in his forex account. This is why it is called leverage. It gives us the flexibility to trade more even though we do not have big capital. Leverage is the reason why Forex is so popular. Limiting leverage can cause a very bad trading experience for the traders. They cannot open a bigger position than they desire. It also lowers down the trading volume, hence it will take a bigger number of trades to fulfill the withdrawal requirement.

Conclusion: Limited leverage is a tactic that goes against traders. It simplifies the trading process a lot by doing almost everything in the trading. This includes opening and closing a trade, generating a tradable signal, analyzing market conditions using indicators, etc. There are some good EAs in the market.

Undoubtedly, robot trading is interesting to anyone who does not have prior experience in forex trading. It is hands-free and hassle-free. Once it is set up, EA will handle the trading from the very start. Limiting the usage of EA is like limiting the usage of an elevator — instead of pressing a button to get you to the top of the building, you are asked to walk the stairs. Conclusion: This is downgrading the advancement of forex technology.

Hence, it is not a choice if you are an EA lover. So what is the point of having it? If you are making a profit from it, you can withdraw the profit. But experiences tell us that it is not that easy to withdraw the profit you made from a free bonus.

To make your life easier and to serve as a foundation for Penguin Meter, we have come out with an extensive list of eligibility for profit withdrawal. Trading Volume Trading volume refers to the total amount of lot size that a trader completed. Most forex brokers set the trading volume as the parameter of whether a trader is eligible for withdrawal. The main reason for doing that is to encourage traders to trade more. The fact is; trading more does not mean you can earn more.

Some of the forex brokers even set the trading volume threshold to lots. This scenario is almost like a mission impossible. A moderate trading volume requirement such as 5 lots — is fine. But this also correlates with the maximum lot size permitted per trade and the maximum leverage allowed. In example 1, the permitted lot size was 0. In this situation, even a trading volume of 5 lots is too much.

Conclusion: Higher trading volume requirement is not a good thing for the traders. Active Trading Days An active trading day simply means that there is at least one open and closed position for the day. Example 4: Ahmad opened a position on day 1, but he does not close any position on that day. Instead, he closed it on day 3.

What is the active trading day of Ahmad? The answer is only 1 day. It is on day 3 that he had one open position and one closed position. Based on the example above, to achieve an active trading day, we need to close at least one position a day Of course you cannot close a position without first opening it. This requirement forces the traders to trade more; sometimes out of the compulsion of fulfilling the active day requirement. Conclusion: Traders need to be super active in trading to fulfill active trading days.

It is not a pleasant idea to have. Extra Deposit Required It is initially advertised as a no deposit bonus. But when it comes to the profit withdrawal step, you are suddenly required to deposit a certain amount of money to be eligible for the profit withdrawal. Do not be surprised! This is a common example of what is happening in most cases. The purpose of the forex brokers is very clear. They want you to stay with them and trade with them.

As we told you at the beginning of this guide, the main reason for the no deposit bonus is to entice you to trade in the forex market. From our experience, the traders are usually required to deposit an equal amount of profit. Traders then need to trade with the deposit to fulfill a certain amount of trading volume. Conclusion: If a no deposit bonus needs a deposit at the end, why is it called no deposit bonus in the first place? Subscribe To Penguin Meter Updates After 5 examples, Ahmad is devastated by all the rules and regulations set by the forex brokers.

He decided to stick with Forex Penguin and subscribed to the newsletter. He is waiting for Penguin Meter to choose a better no deposit bonus. If you are like Ahmad, please subscribe to our newsletter for more updates. As we work closely with most of the forex brokers listed on Forex Penguin, we have the first insight into what is really going on behind the scenes. These abusive strategies have often discouraged a good forex broker from offering its first-time clients the trading incentive in the form of no deposit bonus.

In this section, all information is written for educational purposes and it is not to be repeated. We also hope that through this guide, we can help honest forex brokers to find some alternative ways to combat the abuser. Hence, the no deposit bonus promotion can continue and bring benefits to genuine first-time traders. Multiple Bonus Sign Up Forex no deposit bonus is clearly a popular way for new traders to start learning forex while not using their own money.

It also attracts some syndicates to pocket this golden opportunity. Since most forex brokers are aware of the multiple bonus sign-up abuse, they have strict rules to go against it. Unfortunately, for every rule, there will be creative ways to break it. We received reports that especially in the poorer countries, there are people who collect or buy KYC documents in bulk. The documents include scanned copies of international passports, national id cards, government-issued driving licenses, household utility bills, bank statements, and more.

Depending on the market conditions, some of these bonuses could generate profits and some will lose. The abuser then can withdraw the profits and move on to the next brokers who offer new bonuses. Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore.

This creates a zero-sum game, in which there will be no loss in total. Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and losing the other one. Since the bonus is given by the broker, the account on the losing side has no monetary impact on the account holder. On the other hand, the account that has gained profit is eligible for withdrawal.

The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop-out level. This method is banned by the forex brokers because it is deemed cheating and clearly violates the sole purpose of the no deposit bonus, which is to give the opportunity to the new clients to try out the forex broker without their own deposit.

To combat the abusive bonus hoarders, some forex brokers have introduced a set of more stringent rules and regulations. We summarize these carefully designed restrictions in the following section along with the explanation.

IP Address Restriction Most of the forex brokers will not grant any no deposit bonus if there is an existing IP in the subnet that has already received the bonus. This is a simplified filter to discourage the same person from creating new accounts. Countries Restriction Some of the countries are not on the list of recipients.

This is due to the high fraud activities in that country. To simplify matters, the whole nation is barred from receiving the bonus. This can discourage the abusers from creating new accounts because they have to constantly recollect or rebuy the newly updated KYC documents. Extra Deposit To Acquire A Bonus It has become a trend that a small deposit is required to receive a no deposit bonus.

This can separate genuine traders from fraudulent ones. The downside of this restriction is that it might discourage the real trader from even signing up with the broker. There are many more ways that we have not mentioned here. It is crucial to know that abusing the privilege of no deposit bonus cannot make one rich and there is no point to cheat when we can earn from forex by educating ourselves better.

There are many free bonus forex brokers in the market offering no deposit bonus forex trading. This will bring some confusion when you are trying to make a decision.