Find out if FxPlayer No Deposit Bonus is Worth It
Size
100 USD
Platform
MT4
Min. volume
N/A
Action
N/A
FX Player is a Forex brokerage company that is enabling new customers to activate the No Deposit Bonus to trade financial markets. With free cash, traders have the ability to earn profits by trading their favorite currency pairs. If you open a new bonus account at this broker, you can then apply for free $100 upon registration. FxPlayer bonus is available for newcomers and in order to withdraw their profits, traders need to meet the requirement of 50 lots.
We feel the need to mention that FxPlayer is an offshore broker, meaning that your funds might not be in safe hands and it is questionable whether you will be able to withdraw your profits from your account or not. That’s why we advise you to go for a more reliable company XM Group, which is licensed and gives newcomers the possibility to claim a 30$ bonus.
Reviewing terms and conditions of FxPlayer No Deposit Bonus
In order to exploit this no deposit bonus without any problems, we encourage you to read carefully all the necessary terms and conditions.
The first thing to consider is that this promo is available for Forex trading solely. Therefore, the necessary volume requirement of 50 lots is calculated only on FX products, excluding CFDs, Commodities, or Equities. The size of one FxPlayer lot is the following: 1 lot will be equal to 100,000 trading units/ 100,000 notional amount. In other words, it is 1 industry-standard lot.
In addition, this no deposit bonus can be traded only on FxPlayer Trader. It is a new investment community platform designed by FxPlayer. While it is true that this bonus is a nice opportunity to have an inside look at the new trading software, this still can be a disadvantage that you can not trade on other popular platforms such as MetaTrader 4 or 5.
Since FxPlayer promotion requires opening a Bonus account, we should clarify some points.
- Bonus Account is not the same as the Real account and real deposits
- Bonus Account is accessible for 3 months. After the 3 months, you have to deposit the full amount of the equity to keep the account
The last thing to mention is that FxPlayer reserves the right to change all these terms without any previous notice.
Considering all these facts, the bonus does not look as attractive as it was at the beginning of the review. The offer is time-limited and it can not be used with all platforms – Thankfully, the competitive market of the Forex industry has a lot to offer. Instead of FxPlayer, we advise you to check out XM Group with its attractive trading features and no deposit bonus for newcomers.
Should you give FxPlayer bonus a try?
All in all, the terms and conditions of this no deposit bonus are pretty basic, although they also might seem a bit strict, especially for beginners. Other than that, it is not a good idea to trade with a broker that is not accurately licensed and regulated by a reputable financial regulatory body, when the market has a lot of better brokerage companies to offer. Now is the best time for you to check alternatives, such as XM Group. With its $30 no deposit bonus, you can have an enjoyable start to your trading journey.
Start Trading with XM Bonus Now!
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