Recently, Altum Broker has announced a $30 No Deposit Bonus, which enables Forex traders to commence trading with $30 while not having to deposit any money upfront. This occurs because the Altum Broker allows you to start trading with an actual $30 (US) when you use the ‘No Deposit Bonus’. For those new to Forex trading, it is a great way to experiment with real market conditions. For experienced Forex traders looking to switch to a different broker without any financial risk, it provides the same benefits. As Altum Broker is a relatively new broker (currently unregulated), traders must be fully aware of and understand its rules, limitations, and risks before using the platform.

How to Claim a $30 No Deposit Bonus on Altum Broker

To claim the Altum Broker No Deposit Bonus, you must complete a few easy steps:

Create a new trading account at Altum Broker‘s official website.

Enter your accurate personal details in the registration form.

Finish completing the KYC verification process that is required by the broker.

Your trading account will automatically receive the $30 No Deposit Bonus after your account has been approved.

You may now begin trading Forex pairs and will need to complete the required volume of transactions to qualify for the bonus.

As an added benefit, you will never have to make any type of deposit at any time to receive the bonus.

Altum Broker No Deposit Bonus – Trading Conditions

Before traders can withdraw profit, the following eligibility requirements must be met by traders.

1. Bonus amount of $30.
2. Forex pairs only.
3. 7 lots minimum trading volume.
4. 15-day time limit.
5. At least 120 seconds for the minimum trade duration.
6. The maximum bonus funded for trading is $30.
7. The maximum profit withdrawable is $70.

Only trades held for the minimum holding period of time will count toward the minimum lot volume required.

Limit Countries and Verification Concerns

Altum Broker does not publish a formalized listing of either countries that it prohibits or endorses. However, traders report that Altum Broker has a policy of not accepting proof of address from at least one territory which could mean that the broker’s KYC (know your customer) process may reject the account due to insufficient proof of residency due to location.

The broker suggests that it employs a system similar to the Sumsab/Sumsub verification process; however, there are many traders who have informed us that their standard Sumsub OTP verification has not been delivered as expected. Instead, Altum Broker appears to have a customised or alternative means of generating OTPs. This raises potential concerns about whether or not the broker’s verification process is legitimate.

While the broker lacks any substantial information about what they permit, and due to the unclear nature surrounding this information, traders should use caution and avoid providing personal or confidential documentation to brokers unless absolutely required.

Regulation and Risk Warning

Altum Broker does not have any regulatory authority from any of the major financial authorities at this time. This indicates that:

There is no investor protection framework in place.

Funds and profits are not guaranteed legally.

The terms for any bonuses can change at any time without notice.

Any deposit bonuses offered by Altum Broker are high risk for a trader due to the lack of regulation. It is advisable for a trader to only ever use a deposit bonus to test out the broker and not to deposit live funds with the broker unless the broker has demonstrated that they are reliable for a period of time.

Terms and Conditions

New customers are the only recipients of this promotion: a $30 No Deposit Bonus. Trading can only take place on Forex pairs with a bonus. A trade must remain open for at least 120 seconds for it to qualify. All 7 Lots must be completed within 15 days. To be eligible for withdrawal, the maximum amount that can be withdrawn is $70. The Altum Broker reserves the right to revoke bonuses and profits resulting from any violation of the bonus terms. If the KYC information provided is inaccurate or does not match what is on record, your account may be suspended. Before participating, ensure that you read through the most recent version of the Terms & Conditions on the Altum Broker official website.

Final Thoughts

For those interested in exploring trading as a risk-free trader without spending any of their own money, the Altum Brokers 30 No Deposit Bonus may be a great option; however, this offer appears to be here are several red flags: lack of regulation, unclear restrictions on which Countries you can trade from, and stated verification methods appear questionable.

No Deposit Bonus Video