Are you looking for ways to earn extra income and pump your trades? FXOpen offers these solutions to help you with that.
Each year, every forex broker offers special bonus programs for their customers. These programs are typically meant for new clients as a part of the broker's marketing campaign, but some companies would go beyond that and give rewards to existing clients as well. This time, we're going to talk about two bonus programs offered by FXOpen, namely the no-deposit bonus and forex contests. Through these initiatives, you can earn additional income as well as valuable trading experience.
FXOpen No Deposit Bonus
Generally speaking, a no-deposit bonus is a type of program that rewards traders for opening a new account with a broker. In FXOpen, you can get a $10 bonus simply by opening a new ECN TickTrader trading account. This offer is valid for three months from the e-wallet registration date.
For a bit of context, TickTrader is a brand-new trading platform offered by FXOpen. This platform facilitates trading activities on various instruments, including forex, stocks, commodities, indices, and cryptocurrencies, all available in one trading account. Users can also access a bunch of advanced data analysis tools as well as advanced order types, trading alert systems, detailed charting options, and so on. The platform is easy to use, yet it offers comprehensive functionalities that are designed to meet the demands of every type of trader.
Where to Find the Information on the Official Broker Site?
- This information is reported per Feb 17 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore FXOpen homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Get the Bonus
Now, in order to receive the no-deposit bonus, you basically need to complete the following three steps:
- Register an FXOpen e-wallet.
- Get at least grade 1 verification (phone verification).
- Choose to open a TickTrader ECN account and receive the bonus.
It is worth noting that the bonus cannot be withdrawn from your account or transferred to another trading account. You can only use it for trading and withdraw the profit you gained using the bonus at any time after opening 1 lot of trading turnover.
FXOpen Forex Contests
Another way to earn a considerable bonus is by participating in forex contests. There are loads of weekly and monthly trading contests for demo accounts that you can choose to participate in. You can win real money prizes and other bonuses to boost your trading activities. These trading contests are held by forex.game, but you can participate using your FXOpen trading account. Most of them are available for free, while some require a small participation fee.
One of the greatest examples of these contests is the yearly ForexCup Trading Championship. The contest was designed to gather all kinds of traders and investors alike to compete in a fair and reliable global competition. Basically, participants must compete to get the most profit by the end of the year. The first place would receive the main prize of $500,000 without additional conditions, while the top three would get personalized crystal trophies.
These contests are available for anyone who has an active FXOpen ECN account. The only requirement is to have a certain minimum deposit amount in the account and follow the rules. Participants are free to choose whatever instrument they are most comfortable with, including spot forex, index, commodity, stock, metal, or crypto CFD.
If you are interested and wish to participate in one of the contests, here are the steps to follow:
- Register in FXOpen using an e-wallet. If you have one already, you can simply log in using your registered email address and password.
- Download and install a trading platform of your choice – it can be MT4 or TickTrader.
- Select a contest that you want to enter either on the forex.game website or on the broker's forum.
- Click "Join" to register yourself.
In addition, you can follow announcements and discuss trading competitions on the FXOpen forum where the competitions are usually held. It's a great idea to participate in these contests to gain experience and test your strategies in real market environment.
Summary
As a trader, it's important to be able to spot opportunities to gain extra income. Participating in a broker's bonus program can be a great alternative to boost your trading experience and add extra cash to your account. If you are trading with FXOpen, there are two main programs that offer considerable bonuses for any client.
Where to Find the Information on the Official Broker Site?
- This information is reported per Apr 30 2024.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore FXOpen homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
The first one is the no-deposit bonus that can be acquired just by opening a new ECN TickTrader account. On the other hand, The forex contest in particular is very interesting and quite unique as there aren't many brokers out there that offer this type of competition, let alone for free.
FXOpen is a forex brokerage that has been offering services since 2005. It is currently one of the most successful forex brokers in the world. Since the very start, FXOpen aims to make forex trading more professional, easy to access, and secure.
15 Comments
Feb 20 2023
By the way, the purpose of FXOpen Give Bonuses is to introduce you to FXOpen's mobile trading platform, TickTrader. I don't need to deposit there, so I think that's fair enough. Instead, you can trade the $10 you receive when you open the ECN TickTrader. But I don't think $10 is enough for trading, especially with ECN accounts. I mean the bonuses is really low.
The question is, what is the optimal deposit amount for trading on an ECN account? And if you can trade at $10, what is the leverage you can offer there.I don't think $10 is enough for trading.
Feb 20 2023
Milan Roana: Actually, the minimum deposit if you open the ECN Account at FXOpen is $100, and the leverage that you can get if you trade Forex is at 1:500, which is enough to do the trading in there.
But, I do agree with you, the $10 seems not enough to do the trading with exception if you trade with 0.01 lot and the leverage at 1:500. Because, the margin that you can spend is about $2.17 in EUR/USD (I count with bid/ask price x 1000 unit / 500). And the margin level that you can get is only at 360% which is far from margin call level that usual at 50%.
It means if you trade with the welcome bonuses, indeed you can profit from it but with strict money management! And it is very worth it to get since it is free without need to deposit.
Feb 20 2023
Dude, I believe the competition run by FXOpen, especially the Forexcup Trading Championship, is for experienced traders. Because the term is needs to open and fund an FXOpen ECN account. On the other hand, if we as beginners will feel doubt and fear if they want to participate in the competition because they do not even know about forex and cannot bear the risks of forex trading. I believe that many experienced traders who need money will follow this contest.
So, in my opinion, it is better for beginners to forget the competition, learn forex, perfect their forex strategies, and trade normally. So how can you be successful in forex trading? I mean, find a strategy and try to control your emotions, but how can you do that?
Feb 20 2023
Jayce Lee: First of all, I really agree about the contest which only experienced traders can follow as it is a contest and it is normal for all the contestants and you need to prepare after all
don't feel inferior, you still have time to enter the contest as the contest itself can be opened multiple times and you can even enter after doing demo trading for many years. You still have plenty of time to find your way to success in forex trading.
As for the strategies themselves, it sounds like you need to know which trading style is right for you, be it scalping, day trading, swing trading or position trading. You can read all the details here:
Also, you can read about emotional control here: The Emotional Tenancy of Succesful Trader
There are many tons of article you can read at here at a guidance or you can instead buy Forex book!
I think besides reading theory, it's better not to be greedy in trading if you want to control your emotions better
Feb 20 2023
I am confused about which ECN account I need to open in order to claim my bonus or participate in contests hosted by FXOpen. I mean, I've already seen the FXOpen reviews on this site and noticed a lot of ECN Account that I can choose to open with. It is just something like ECN (INT). Per ECN (AU, EU, and UK) and ECN accounts. And for the types that I can choose, what type of account can I choose to receive the bonus and meet the requirements to participate in the contest?
Meanwhile, I had to open my e-wallet. Which payment method do you prefer for deposits and withdrawals? Or is there a difference in this e-wallet feature?
Feb 20 2023
Richie:
Let me explain to you:
The ECN account you see in the review here is actually an account type. But it's divided by Traders' country. For EU traders, UK traders and AU traders have different trading conditions. Therefore, if they open an account, they will be directed directly to the account that matches their country.
Meanwhile, if you are not from Europe, UK and Australia, you will be directed to an ECN account labeled INT. Regarding the FXOpen wallet, it needs to be opened and you have to open it on the website. It's easy to sign up and just follow the steps on the FXOpen website.
Mar 7 2023
Luinto: So, you were saying that the account type you mentioned is divided according to the regulatory body in charge. So, if you're an Australian trader, you would trade on the ECN AU account type, whereas a European trader would trade on the ECN EU account type, and a UK trader would trade on the ECN UK account type.
Based on your previous comments, it seems that ASIC rules apply to Australian traders, FCA rules apply to UK traders, and CySEC regulations apply to European traders. However, if you're a trader outside of those regulatory bodies, it's unclear which regulatory terms would apply to you. It's possible that you would fall under an offshore regulatory body. So, what regulatory that I will get??
Mar 7 2023
Shaggy: Let me answer dude, If you're not from Australia, Europe, or the UK and you want to trade with FXOpen, you'll probably be under the jurisdiction of the Financial Services Commission (FSC) of the British Virgin Islands (BVI). This means that the rules and regulations that apply to your account will be based on what the FSC says.
But keep in mind that trading with an offshore regulatory body like the FSC can come with some extra risks because their regulatory framework may not be as strong as those in Australia, Europe, or the UK. So just make sure you do your homework and understand what you're getting into before you start trading with FXOpen.
Mar 7 2023
The no deposit bonus at FXOpen sounds appealing because I can start trading without depositing any of my own money. However, it's important to consider the conditions of the bonus. To withdraw any profits earned with the no deposit bonus, I need to reach a trading volume of 1 lot.
As a beginner, I am wondering how much trading is required to reach the volume trading 1 lot to unlock withdrawing my profit in there. And I have heard that Forex trading typically requires a significant investment to see substantial profits. While starting with a $10 no deposit bonus may seem like a cost-effective way to get started
Mar 7 2023
Jourda: If you're working with an equity of just $10 and a maximum leverage of 1:500, you'll only be able to open one position with a trading lot of 0.01. If you try to open more positions than that, you'll likely receive a margin call pretty quickly.
In order to reach a trading volume of 1 lot using micro lots, you'll need to complete around 100 trades. This can be challenging, since every trade carries the risk of losses as well as potential profits.
So, the bottom line is that unlocking the ability to withdraw profits from the no deposit bonus at FXOpen may be difficult, especially since you're working with a limited bonus and the possibility of losses. However, the no deposit bonus can be a great way to practice and improve your trading skills. With strict money management and a bit of luck, it is possible to reach the trading volume required to unlock your profits. But it's important to keep your expectations realistic and remember that the bonus should be seen as a training ground rather than a guaranteed path to significant profits.
Mar 7 2023
protrader122: I completely agree with you! The no deposit bonus at FXOpen can be a bit challenging to work with, especially since the potential for losses is the same as with any other type of trading. It can be tough to reach the 1 lot trading volume required to withdraw your profits using only the no deposit bonus.
If you want to reach that trading volume more quickly, you'll likely need to deposit additional money into your account and open more positions. But when you think about it, that's not so different from regular trading with a deposit, right?
All things considered, I think it's best to view the no deposit bonus as a training ground rather than a guaranteed path to profits. By approaching it in this way, you can focus on improving your trading skills and learning as much as possible without getting too caught up in the pressure to turn a profit. This can help you build a stronger trading psychology and set you up for success in the long run.
Apr 17 2023
I recently signed up with FXOpen and was pleasantly surprised to receive a no deposit bonus, which means I can start trading without using my own money. I'm impressed with the wide range of assets offered by this broker, but as a beginner, I'm not sure which ones are the best fit for me. Since the bonus is a one-time offer, I want to use it effectively. Can you recommend some assets that would be suitable for a beginner like me?
Apr 17 2023
@Leroy: As a beginner, it's important to start with assets that are relatively stable and have a lower risk profile. Here are a few options that you might consider:
Currency pairs: Trading in currency pairs is a good place to start because they are relatively stable and less volatile than other assets. FXOpen offers a wide range of currency pairs, so you can choose the ones that you feel most comfortable with.
Indices: Another option for beginners is trading in indices, which are collections of stocks that represent a particular market or sector. Indices tend to be less volatile than individual stocks and can be a good way to get exposure to a broad range of assets.
Commodities: If you're interested in trading in physical goods, then commodities like gold, silver, and oil might be a good option for you. These assets tend to be less volatile than stocks and can provide a good hedge against inflation.
Good luck!
Jul 11 2023
Hey there! I'm really interested in getting the no-deposit bonus on the TickTrader platform offered by FXOpen. But I have some concerns about the safety of the KYC process, specifically the phone verification part. Can you give me the lowdown on how secure this call verification is? I want to make sure my personal information stays safe during the verification process. It would be great if you could also fill me in on the reliability of FXOpen's privacy measures. I want to feel confident that my data will be protected and handled responsibly. Thanks a bunch!
Jul 12 2023
@Nabil: Hey! It's great to hear that you're interested in the no-deposit bonus on the TickTrader platform provided by FXOpen. Regarding the phone verification part of the KYC process, it's important to note that call verification is generally a secure method used by many reputable platforms. During the process, you will typically receive a call to the phone number you provided during registration, and you'll be required to verify your identity or confirm specific details.
In terms of FXOpen's privacy measures, they prioritize the safety and security of their clients' personal information. Reputable brokers like FXOpen implement robust security protocols and encryption technologies to protect sensitive data from unauthorized access or breaches. They adhere to strict privacy policies and comply with relevant regulations to ensure the responsible handling of customer data.