HERE IS HOW TO CLAIM FXGT'S NO DEPOSIT BONUS AND THE T&C THAT APPLY
Forex no deposit bonuses have gained popularity in recent years. Forex brokers use no deposit bonuses to attract new traders into their trading platforms by allowing traders to start investing without needing to put up their own cash. FXGT is one of the prominent forex brokers in South Africa that offers traders a tantalizing $30 no-deposit bonus. While this may sound exciting, it is important to understand the terms and conditions that apply. In this short article, we will look at the terms and conditions of the FXGT $30 no deposit bonus including the eligibility and withdrawal availability. Let’s jump in.
Understanding the Offer
Before diving into the T&C, let's first grasp the essence of the offer. The $30 No Deposit Bonus is essentially a promotional incentive provided by FXGT to attract new traders. Unlike traditional deposit bonuses that require you to fund your account with a certain amount of money to unlock the bonus, a no-deposit bonus allows you to start trading immediately without making any initial deposit. So what about the terms and conditions of this promotion? Let’s take a look.
Here is where to Claim the FXGT $30 No Deposit Bonus
Read a review
Terms and Conditions Apply. Trading Forex and CFDs entail risk. Your capital is at risk. The bonus is subject to availability.
At the moment only traders from Japan, Malaysia, Vietnam, and Thailand can claim it.
Terms and Conditions Overview
Eligibility Criteria
The eligibility criteria for the FXGT $30 no deposit bonus is pretty straightforward. This bonus is available for new traders provided they verify their trading accounts within 30 days. Traders who want to claim the 30 USD no deposit bonus must come from eligible countries where the bonus is available. After the 30 days elapse, new traders will not receive this bonus even if they verify their accounts. Additionally, this promotion is only available for traders using the Mini and Standard+ accounts. As mentioned, no money needs to be deposited for traders to receive this bonus from FXGT. All a trader needs to do is verify their accounts by completing the KYC process. Once traders complete the process, the bonus will be available for you to claim in the Client Portal.
Withdrawal Restrictions
Like on many other broker sites, traders cannot directly withdraw the no-deposit bonus money they receive from FXGT. For this money to be available for withdrawal, traders need to use it in trading and earn profits. Any profits traders make from trading with the no-deposit bonus are available to withdraw but are subject to some specific terms. To withdraw profits from trades made using the No Deposit Bonus, you must have close at least 5 trades and have a trading volume of at least 2 GTLots. A GTLot is a unit of measure for the trading volume of a client’s trading account across every asset class. Simply, 1 GTLot is equal to $100,000 of trading volume. So what markets can traders invest in using the no deposit bonus for a profit?
About FXGT
FXGT Trading Assets
FXGT allows its traders to access a wide range of market products. On this broker site, traders gain access to 7 different asset classes all of which are CFDs. Let’s review the market products that traders have access to on the FXGT trading site.
- Forex - Popular forex currency pairs are available to trade on the FXGT trading site with a variety that includes majors, minors, and exotics.
- Equity Indices - A variety of are also available on this broker site with a collection that includes popular indices such as US30, AUD200, UK100, and US500, and more.
- Stocks - FXGT allows its traders to buy and sell the stocks of some of the world’s biggest and most popular companies. These include companies like Apple, Amazon, AIG, Meta, and eBay, among others.
- Energies - FXGT traders can also trade different assets in the Energy asset class which include crude oil and natural gas.
- Precious Metals - Further, investors have access to two main precious metals to trade which include silver and gold.
- Cryptocurrencies - Investors can trade cryptocurrencies on the FXGT trading site as CFDs. Some of the popular crypto assets to trade here include Bitcoin, Cardano, Ethereum, Litecoin, and Ripple.
- Synthetic Cryptocurrencies - FXGT also gives traders access to a unique asset class of synthetic currencies. This asset class allows individuals to speculate on how cryptocurrency prices interact with other traditional markets.
FXGT Trading Fees
The trading fees that apply when trading are very important to consider, even above the promotions offered. Luckily, FXGT offers reasonably low fees that allow traders to maximize their earnings while minimizing costs. There are four different trading accounts that traders can choose from. These include the Standard, the Mini, the ECN, and the Pro accounts.
The spreads that traders enjoy depend on the trading account that they choose. The standard and the mini account and the standard account both feature spreads from as low as 1.0 pips with no commission required. The pro account features even lower spreads that start from as low as 0.5 pips with no commission. Meanwhile, the the ECN account features spreads from as low as 0.0 pips with a commission depending on the asset class. The commission is $6 per round turn when trading forex classes, $5 per round turn on all precious metals, and 0.1% per round turn on all cryptocurrency assets.
FXGT Trading Platforms
It is always an added advantage for traders to have a selection of advanced trading platforms to choose from. On FXGT, traders can choose between two main trading platforms including MetaTrader 4, and MetaTrader 5. These two platforms have advanced trading capabilities and a plethora of trading tools to support traders in their activities.
These trading platforms come with a plethora of indicators, different chart timeframes to choose from, a variety of order execution types, one-click trading, and EA support for those traders who wish to automate their trading. Further, these platforms are available on all kinds of devices including computers and mobile phones. This means that the broker can accommodate traders of all kinds.
FXGT Regulation
Above everything, the regulation of a broker is of utmost importance to consider. For South African traders, this broker is under the regulation of the country’s local regulator, the FSCA under the FSP number 48896. Additionally, the broker operates under the supervision and examination of the FSA in Seychelles and the VFSC in Vanuatu. While regulations alone are not enough, they are a sign of brokers that follow the financial laws of the countries they operate.
Final Comments
The FXGT $30 no deposit bonus offers a promising opportunity for new traders to explore the forex market without risking their own funds. However, understanding the terms and conditions is crucial. In this case, eligibility requires new traders to verify their accounts within 30 days. While the bonus cannot be directly withdrawn, profits made from trading with it can be withdrawn after meeting trading volume requirements.
With access to a diverse range of trading assets and competitive trading fees, FXGT provides an appealing broker site for South African traders. Moreover, the broker's regulatory compliance adds a layer of credibility and security. Overall, the FXGT $30 No Deposit Bonus presents a compelling opportunity for aspiring traders to kickstart their forex journey with confidence.
Read a review
Terms and Conditions Apply. Trading Forex and CFDs entail risk.
Your capital is at risk. The bonus is subject to availability.
