Introduction
If you are a newcomer to Forex trading, but eager to begin without risking your own money, your best opportunity could be getting the 30-dollar No Deposit Bonus on Encore Capitals. The platform has designed this promotion for all newly arrived Forex traders to research the live marketplace test a trading strategy, and maybe earn some profit without an initial deposit. In this guide, you will learn everything about that bonus, its advantages, eligibility requirements, and how one can accumulate the most amount of cash possible.
What is the $30 No Deposit Bonus?
The $30 No Deposit Bonus from Encore Capitals is a campaign to give newcomers $30 in credit on the account. This promotion specifically targets Asian clients who have completed registration and verification. You will be able to taste live forex trading, use the features and functionality of the platform, and then withdraw your profit as it builds up, once you fulfill the established conditions of trading.
Critical Aspects of the $30 No Deposit Bonus
As can easily be expected, familiarity with the main components of this bonus is as crucial to utilizing it as effectively as possible. Here are the most critical features:
Bonus Amount New customers are credited with $30 to be used directly in their trading accounts.
You can withdraw $100 in your profits. Once you meet the trading requirements, you are entitled to withdraw your profits, but the $30 bonus itself will automatically be deducted on your first successful withdrawal.
Validity Period: The bonus is active for a period of 30 calendar days. Should you not use any remaining bonus or any profits by the end of this time, they will be forfeited.
Leverage: Trade with leverage up to 1:500 in case you are willing to control larger positions.
Trading Volume Requirement: To withdraw your winnings, you are required to have a trading volume of 5 lots which is calculated to be $500,000 in trading volume.
Verification: For the bonus activation, you will need to complete email, phone, and ID verification.
How to Claim the $30 No Deposit Bonus
Here’s a step-by-step how to begin with the no deposit bonus at Encore Capitals:
Registration Account for Trading: Fill in a live trading account on Encore Capitals.
Verification: Attach identification document, email, and phone. Other documents might be requested.
Bonus Acquisition: After the confirmation of your account, you can assume the $30 bonus is automatically added to your account and ready to be traded.
Important Terms and Conditions
Note these terms to make the best of this offer so you don’t get disqualified for it:
The bonus is only exclusive to new clients from Asia.
Bonus abuse through hedging, multiple accounts, and fraudulent behaviors will lead to disqualification.
Account-to-account bonus transferring or usage with another promo is not allowed.
A trading volume of 5 lots must be made to withdraw profits.
The promotion only lasts for 30 days, so use it before it expires.
How to Spend the $30 No Deposit Bonus Effectively to Maximise Profits
To become able to transform this $30 no deposit bonus into a profitable trading process, follow these ways:
Practice Risk Management
With 1:500 leverage, you can handle large positions with a small margin. However, this kind of leverage does bring out the need for the management of risk since the gains as well as losses get multiplied.
Limit the risk on each trade to not more than 1-2% of the account. That translates to around $0.60 on each trade using the bonus amount of $30.
Ideally, trade on highly volatile pairs, such as EUR/USD, GBP/USD, and USD/JPY. The reasons for this are that these pairs can deliver the best price moves, thus achieving faster attainment of the desired 5-lot trading volume. Furthermore, these are mostly less offered and have high liquidity, making them ideal for short-term trades.
Use technical indicators as criteria to make your trading decisions.
Use technical analysis tools like RSI and Moving Averages to guide your trades. For instance, an overbought reading of above 70 may mean a sell signal, while an oversold reading of below 30 might be a buy signal. Moving averages can suggest the trend and aid in pinpointing entry and exit points.
Set realistic profit targets
General Proceeding Obtain $100 in total profit Break down into smaller, relatively easy-to-target, and perhaps more realistically, targets such as $10 to $20 per session. Then adjust the goal after every session and decide if the goal should be kept unchanged for the next trade or changed.
Market News Monitoring
Be up to date with economic news, such as NFPs and rate moves, because it will impact the price movement of forex. Major news releases will trigger big price movements, and that gets you your profit targets quickly. Be sure that proper risk management happens during volatile times.
Benefits of the $30 No Deposit Bonus
This bonus is perfect for beginners since it gives them the following advantages:
You Will Not Lose Money: No initial capital has to be put down, meaning you trade without risking any amount of your money on the table.
Market Exposure: Live exposure to trading in a Forex market
Potential Earnings: You can make withdrawals up to $100 with good trading.
Acquired Skills: Adopt a strategy and refine it in a live trading environment.
Encore Capitals gives a new trader a chance to enter the forex market without risking money through its $30 No Deposit Bonus. It would be possible to gain up to $100 in profits after understanding the conditions surrounding this offer and using a disciplined trading strategy. This free promotion opens a very safe platform for starters to practice risk management, hone their trading skills, and be introduced to the world of forex.
Sign up now with Encore Capitals and a step closer to enriching your trading experience with our no-risk $30 no deposit bonus.
Terms and Conditions Apply.
This article is intended for informational purposes only. The T&Cs for the Encore Capitals $30 No Deposit Bonus are to be read thoroughly before participating. Forex trading carries a high level of risk and may not be appropriate for all investors. Leverage can work both ways – to increase profit and to multiply loss; note the risks involved and seek professional advice from an independent financial advisor if necessary.
Encore Capitals and the businesses associated with this website and blog post provide no financial, legal, or investment advice. Past performance is not a guarantee of future results, and all examples of trading mentioned above are hypothetical and are given without a requirement that any actual profits be made or that losses be limited. All trading is your responsibility while opting for the $30 No Deposit Bonus offer. You should trade responsibly within your account balances only.
