FXOpen no deposit bonus review will help you to understand if you want to commit to a FXOpen broker. One of the key points to become a successful Forex trader is to consider and pay attention to every characteristics of the broker you want to commit your funds. Luckily, every reputable dealer gives a possibility to test its services without making a deposit, so called no deposit bonus. Though you should be very careful, as in this case reputation comes with real reviews of the broker’s execution, and dealing with FXOpen no deposit bonus the reality looks quite differently.
FXOpen $10 no deposit bonus
FXOpen No Deposit Bonus Conditions
FXOpen presents itself as an online broker offering services for any type of trader – from a beginner to professional. It gives access to the FX market converting major currencies, gold and silver. As soon as you enter the website you might get confused, as it is written that a welcome bonus of $10 is offered to any new account, though be mindful that it is only for registering an STP account and it is not available in some countries. If you have been signing up for a micro account with this broker earlier, it is not possible to obtain a welcome FXOpen Forex bonus no deposit.
Let us go further with analyzing the withdrawal of this bonus. It is said that the bonus can be withdrawn after all trades are closed and trading volume exceeds 2 lots. Keeping in mind that the minimum transaction size can be smallest of 0.01 lot with the leverage ratio up to 1:500 within STP account. So theoretically you can make a profit, but reality shows that, as soon as the price goes against your favor it will take you ages to earn money. So the terms for this no deposit bonus FXOpen are very risky, and in this case $10 do not really matter.
Promised, but fulfilled?
Going through FX forums you might see comments that support staff is quite uneducated in Forex industry and when you have some urgent matter and contact them via phone they refer you to write an email – not so much customer-oriented as it is said on their website. Many traders state that after performing a successful trade using FXOpen bonus without deposit, the withdrawal was denied by this broker. First of all it takes minimum 24 hours for them to answer you and even after verification of the personality, the withdrawal was refused. The numbers mentioned start from $50, imagine if the broker makes a problem withdrawing this sum, so how trustworthy it can devoting your funds if the getting your profit might be so problematic and in the end even impossible to obtain.
In case of withdrawing profit accumulated with this bonus, the profit has to exceed 20% of the received bonus, and company reserves the right to cancel the bonus without any prior notice. They openly say, that do not take any responsibility if the bonus was canceled.
In conclusion, we can say, that there is a vast range of FXOpen no deposit bonus opinions, though as soon as you look beyond the praised reviews, you will see that broker lacks features of a reliable Forex services provider, so do $10 really worth it in this case scenario?