Forex trading in South Africa is quite popular, as it offers an opportunity to gain financial independence. It is not necessary to invest your own money in order to start trading, as many brokers offer no deposit bonuses. Traders Union reviewed the most beneficial options in the article titled Best Forex Bonuses in South Africa.
What is a no deposit bonus?
A no deposit bonus is one of special offers for Forex traders from brokerage companies, providing real money to their account and not requiring a deposit. As a rule, some conditions must be met in order to use the no deposit bonus. Registration is mandatory for all brokers. Some companies also require verification.
The no deposit bonus cannot be withdrawn, but it can be used to discover the instruments featured on the platform using a real live account.
Best Brokers with No Deposit Bonus in South Africa
Traders Union analyzed over 30 offers of no deposit bonuses in South Africa, selecting the following companies with the best offers:
- XM
- RoboForex
- IC Markets
- SuperForex
- HFM, and others.
XM was recognized by experts as the broker offering the best no deposit bonus. The brokerage company offers new clients to test the platform and start trading without risking their own money. To receive the bonus, you need to open a real account and pass verification. The bonus is credited to a user’s account automatically.
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