PlexyTrade Broker Introduces a New $30 No Deposit Bonus: Start Trading Forex with No Investment Required

Introduction

PlexyTrade, a well-regarded forex broker that previously launched a successful $100 no deposit bonus two months ago, has now introduced an exciting new promotion: a $30 no deposit bonus for new traders. This updated offer is a great opportunity for traders to start trading on PlexyTrade’s MT4 platform without any initial investment. With no country list provided, traders are encouraged to visit the official promotional page and contact live chat support to confirm eligibility.

In this detailed article, we’ll cover everything you need to know about the new $30 no deposit bonus, the profit withdrawal conditions, and strategies to help you make the most of this offer.

The $30 no deposit bonus is a promotional offer from PlexyTrade designed to attract new traders by allowing them to trade without making any deposit. With this bonus, traders can open an MT4 no deposit bonus account and start trading real markets right away.

The bonus is credited to your trading account once you complete the sign-up process, and you can use the funds to trade any forex currency pairs available on the MT4 platform. What makes this offer even more appealing is that traders can withdraw the profits earned from the $30 no deposit bonus, provided they meet the broker’s trading conditions.

Like any no deposit bonus, PlexyTrade has set specific conditions that must be met before traders can withdraw the profits earned from the bonus:

• Minimum Profit Withdrawal: You must earn at least $30 in profits before you can request a withdrawal.
• Maximum Profit Withdrawal: The maximum profit you can withdraw from the $30 no deposit bonus is $70.
• Lot Requirement: To qualify for withdrawal, traders must complete 10 standard lots within 30 days of receiving the bonus. A standard lot in forex equals 100,000 units of the base currency.
• Time Frame: You must meet the trading volume requirement within 30 days of opening the no deposit bonus account. Failure to complete the required lots within the time frame may result in the bonus expiring.

Claiming the $30 no deposit bonus is simple and straightforward. Here’s a step-by-step guide on how to get started:

1. Visit the PlexyTrade Website: Head to the official PlexyTrade website and locate the promotion page for the $30 no deposit bonus. Confirm your eligibility by contacting live chat support if necessary.
2. Sign Up for an MT4 NDB Account: Register a new trading account with PlexyTrade and choose the MT4 platform as your trading interface. During the registration process, select the no deposit bonus account option.
3. Verify Your Account: Like most brokers, PlexyTrade will require you to verify your identity. Submit the required documents, such as a government-issued ID and proof of residence, to complete the verification process.
4. Receive the $30 Bonus: Once your account is verified, PlexyTrade will credit the $30 no deposit bonus to your MT4 trading account, allowing you to start trading immediately.
5. Start Trading: Use the bonus to trade on the forex market. Remember, you’ll need to complete 10 standard lots within 30 days to withdraw any profits.
6. Withdraw Profits: After meeting the trading conditions, you can request a withdrawal. The minimum profit withdrawal is $30, and the maximum is $70.

To make the most of PlexyTrade’s $30 no deposit bonus, you’ll need to adopt a smart trading strategy that helps you meet the withdrawal conditions while minimizing risks. Here are a few strategies to consider:

1. Focus on Major Currency Pairs

Trading major forex currency pairs such as EUR/USD, GBP/USD, and USD/JPY can be beneficial for new traders. These pairs typically have high liquidity and lower spreads, reducing the cost of each trade. This allows you to meet the trading volume requirement more efficiently.

2. Manage Your Risk with Stop-Loss Orders

Using risk management tools like stop-loss orders can help you protect your bonus funds. A stop-loss order automatically closes your trade if the market moves against you beyond a certain point, limiting your losses. This ensures that you preserve your capital while working toward completing the 10-lot requirement.

3. Leverage Properly

While leverage allows traders to control larger positions with a smaller amount of capital, it also increases risk. Consider using moderate leverage (e.g., 1:50 or 1:100) to maximize your trading opportunities without exposing yourself to excessive risk. Over-leveraging can lead to significant losses, depleting your bonus before you meet the withdrawal conditions.

4. Diversify Your Trades

Rather than focusing on a single currency pair, consider diversifying your trades across multiple pairs. This spreads the risk and allows you to capture profit opportunities in different market conditions. Keep an eye on global economic news, which can impact the forex market and create trading opportunities.

5. Trade During High Volatility Periods

Trading during high-volatility sessions, such as the London and New York sessions, can help you reach the 10-lot trading volume more quickly. However, be cautious as high volatility can also lead to significant price swings. Use technical analysis tools like moving averages and trendlines to identify strong trading opportunities.

PlexyTrade’s $30 no deposit bonus is an excellent opportunity for both beginner and experienced traders to explore the broker’s trading platform without any financial commitment. The bonus provides sufficient funds to open trades on the forex market, and the profit withdrawal conditions are fairly reasonable.

However, meeting the 10-lot requirement within 30 days may be challenging for traders who prefer smaller position sizes or conservative strategies. Still, with proper risk management and a sound trading plan, you can turn the $30 bonus into a profitable trading experience.

PlexyTrade’s $30 no deposit bonus is a fantastic way to start trading forex without risking your own money. With a straightforward sign-up process and reasonable profit withdrawal conditions, traders have the chance to explore the MT4 platform and potentially withdraw up to $70 in profits.

To make the most of this opportunity, focus on trading major currency pairs, apply risk management techniques, and aim to complete the 10-lot requirement within 30 days. This no deposit bonus is a great way to gain real-market experience and start building your forex trading career with PlexyTrade.

If you’re ready to take advantage of this offer, visit the official PlexyTrade promotion No Deposit Bonus page today and start your forex trading journey risk-free.