Markets.com No Deposit Bonus for South African Traders

Size

ZAR250

Platform

Custom

Min. volume

2.5 lots

Action

KYC

Markets.com is a financial platform offering trading services to customers since 2008. Moreover, it has a regulated company in South Africa, which has an offer of a no deposit bonus of ZAR250 or 25 USD to its new clients. Markets.com no deposit bonus is limited to one household/unique IP address and cannot be given more than once to a single person. To be eligible for this bonus you should simply visit the Markets.com webpage (za.markets.com) and sign up for a live account.

Update: Unfortunately, Markets.com South Africa No Deposit Bonus is not available at the moment!

However, you don’t have to worry, as there are a lot of other South African brokers out there, who offer much more attractive promotions for your trading journey. One such example is XM Group that has plenty of generous offers for newcomers – you can easily claim their $30 bonus once you register your account.

Analyzing Markets.com Bonus terms and conditions

Obviously, it is not possible to just register and withdraw money. The bonus is given to you for trading purposes, and you can only withdraw your balance once certain conditions have been satisfied. To be able to withdraw, a trader has to fulfill a trading volume of 10,000 ZAR for any 1 ZAR of the bonus.

Let’s illustrate how Markets.com no deposit bonus conditions work with an example.

Imagine you sign up for a bonus and get ZAR250.
It means that you have to complete 250×10,000 of the trading volume. Hence 2,500,000 ZAR have to be traded before you can withdraw. We can say that this requirement is quite high, especially for newcomers who might not be willing to spend such a significant amount of money for the beginning of their trading journey.
Knowing that 2,500,000 ZAR is somewhere around 200,000 USD, we can see that a trading volume is somewhere around 2 standard MT4 lots.

Important! Markets.com will conduct a KYC procedure once you request a withdrawal. This means that you will have to provide your proof of ID and residence (no older than 6 months) before you can get the bonus. Hence, you should always remember to provide correct details when registering.

Along with high wagering requirements that do not look very attractive to us, we should mention the fact that the Markets.com bonus is only given to the citizens of South Africa and not everyone can claim it. Considering the fact that not all our readers come from South Africa, they might be looking for a bonus that can be claimed everywhere. Thanks to other brokers, there are plenty of choices for you to go for, for instance, XM Group has a $30 no deposit bonus for newcomers and it is fairly simple to get it compared to the Markets.com bonus.

Get a $30 bonus with XM instead

Is Markets.com ZAR250 Bonus worth it?

Considering the fact that the market is quite competitive, there are a lot of other companies willing to give you higher bonus offers. As we already mentioned, the Markets.com no deposit bonus comes with high wagering requirements and is only available for South African traders. We advise you to check the offer given by XM Group as there is no better time to claim a $30 and start your trading journey by just registering on their website.

FAQs on Markets.com South Africa No Deposit Bonus

Who is eligible for Markets.com South Africa No Deposit Bonus?

Markets.com South Africa No Deposit Bonus is available for the citizens of South Africa only, meaning that if you are not someone who lives in the country and has the status of a citizen, you will not be able to claim it. If you are South African, you can get the bonus immediately right after registering your account and receiving a confirmation email.

How to get Markets.com Free ZAR250?

It is fairly simple. Just visit the webpage of the company (za.markets.com) sign up for it (note: Markets.com bonus is only given to the citizens of South Africa) using your email, Google account, or Facebook. Once you register with Markets.com, you might have to provide them with your personal information such as an ID, or driver’s license. After that, you will get a confirmation and will be able to start your trading journey.

How much time does it take to claim Markets.com South Africa No deposit bonus?

Usually, bonuses take up to 24 hours until you can claim them to your personal trading account. However, this amount might differ depending on how much time it takes for the broker to confirm your account. Once you provide them with your personal information, it will take some time for your account to be approved. However, it will go up to several days maximum.