NewForex Broker has recently introduced its latest promotion called Welcome No Deposit Bonus 50$. Further we will discuss all the details of this bonus and find out whether this can turn out to be a good deal for you. So, let’s start.
Size of Bonus: $50 Trading Platform: Meta Trader 4
Expiration: N/A Min. Volume: N/A
Leverage: 1:100 Required Action: AccountThis deal is unreliable! Sign up with Plus500
NewForex Welcome No Deposit Promotion 50 USD: General Conditions
This No Deposit Bonus is available all the year 2016 and only new clients are allowed for it. If you are new to this broker, then you can make use of this promo. However, you have to pass the necessary procedures to receive the right of participation:
- Confirmation of e-mail
- Upload your photo copy of identification document (e.g. passports, ID, driving license etc)
- Provide a consent with all the conditions of the present Bonus Agreement by putting a check-box in the corresponding field on the registration page on the NewForex website
The main aim of this bonus is to provide you with the opportunity to benefit from Forex trading with NewForex.
NewForex Broker No Deposit Welcome Bonus 50$: Terms and Conditions
As soon as you register your real trading account, you will be offered this No Deposit Bonus as the part of “Welcome” promotion. To know whether this bonus is good for you or not, you have to know all the terms and conditions of this promo.
First of all, bonus is delivered as a credit of the real trading account. Additionally, only one client can get solely one real trading account with bonus funds. As the trading account is in cents, the amount of bonus credited will be 5000 USC according to the promotion terms.
The main aim of this bonus is to provide you with the opportunity to benefit from Forex trading on your real trading account with NewForex broker. Using bonus funds for other purposes can be considered as inappropriate action and therefore may lead to the premature cancellation of the no deposit bonus.
The client has the full right to decide whether to deposit the trading account with obtained bonus funds or not. Hence, if you decide to deposit the trading account, then all the credit funds can be subsequently transferred into trading account balance. However, it is obligatory to meet the following conditions:
- You have to make a deposit of the trading account with the amount equal or exceeding the amount of no deposit $50 bonus and profit acquired with bonus funds.
- After the replenishment, you within the specified period in the “Welcome” Promotion Agreement must complete the necessary volume requirement that will further permit you to withdraw all the funds from Credit into Balance of the trading account. Therefore, the volume requirement is 0.07 lot for every complete unit of the account currency received as a bonus. It is important to admit that only trades performed on personal funds, but not the bonus funds can be accepted for the calculation of the volume.
Upon meeting the conditions, you will be able to manage both bonus funds and personal funds.
No Deposit Bonus NewForex Conclusion
As you can see, this bonus is not totally no deposit. You will still have to provide real funds and trade with them in order to be able to withdraw your earnings. We suppose such policy to be rather unfair and calling such bonus as free is not fair. This is why we do not recommend you to take this deal.