(Newswire.net — May 23, 2023) —
Currency speculation is the foundation of Forex profits. Dealers operate on the simple idea of “buy cheap, sell expensive.” A trader’s targeted profit is the positive difference between purchase and sell prices.
You can earn money in the Forex market without making any capital. The starting sum to open transactions should be on your trading account. However, other than trading, there are other ways to earn money on Forex. Some are directly tied to trading, while others have nothing to do with it.
In this post, we will highlight the top trading app without investment, as recommended by Traders Union experts.
Top 4 options to get profit on Forex without investments
According to Traders Union experts, the top 4 options that allow you to start earning with reputable brokers without investing your own money are;
· Forex affiliate programs
· No-deposit bonuses
· Contests conducted by Forex brokers
· Traders contest on demo accounts.
Best trading App without investment
Traders Union experts revealed the best forex apps that allow no-deposit bonuses, demo contests, and affiliate programs to help to trade without investing. They are;
RoboForex
RoboForex has been in business since 2009 and is one of the Best MetaTrader 5 brokers, offering a comprehensive set of features and trading tools. RoboForex can assist you in trading without a deposit in the following ways:
No deposit bonus: RoboForex offers a ’30 USD welcome bonus that you can use to begin trading right away. Open a standard or cent account with RoboForex and make sure the base currency is EUR or USD. Verify your account, provide your contact information, and a code will be sent to your to earn your $30 bonus.
Demo deposits: RoboForex has been running demo account contests for all traders who use demo accounts since 2011. You will see a demo contest section with several contests to participate in once you open a demo account with this platform. Sign up for a chance to win real money, which will be paid into your account immediately. There are no restrictions on how you can use the money.
RoboForex’s affiliate program allows traders to become partners and earn commissions, which are transferred into their accounts. You will sign up and fill out your information using a referral link.
InstaForex
InstaForex is a well-known Meta 5 broker that is regulated in Europe. This platform was founded in 2005 and now has over 7 million dealers. InstaForex users can trade without depositing in the following ways:
No deposit bonus: To kickstart their trading career, InstaForex offers new users a $3500 no deposit incentive. To receive this offer, you must open a live account (not a demo), enter your correct information, and your bonus will automatically deposit into your account.
Trader contests: InstaForex hosts fascinating contests for users of both demo and actual accounts, with the opportunity to win real-world prizes. To participate, open a real or demo account and visit the contests section to try your luck while honing your trading skills!
Affiliate programs: InstaForex affiliate programs are a terrific method to earn commissions and generate money without making any investments. Sign up for the platform’s affiliate program and start inviting friends. Every time a referral signs up, you will receive a commission.
XM
XM is a Belize City-based MT5 forex broker founded in July 2008. It supports over 55 currency pairings and offers excellent bonuses to novice and professional traders. If you want to trade XM but don’t have the initial deposit, you can do it using the following channels:
No deposit bonus: XM offers a $30 no-deposit bonus that you cannot withdraw but may use to trade with. This offer is only accessible to first-time traders who have never used the platform. To obtain it, open a live performance, validate it, and the sum will be promptly put into your account.
Forex contests: XM contests are offered in real and demo accounts, and winners get large real-money rewards. To participate, create an account on the site, navigate to the contest section, select a contest, and double-check the dates to ensure it’s still active.
Affiliate program: XM partners can earn up to $25 in commission for each lot. If you want to participate in the program, create an account and sign up. As you earn a commission, you will be given a code that your referrals will use.