Introduction
Velocity Trade is a leading global forex and CFD broker that offers a wide range of trading products and services to its clients. The broker is known for its exceptional customer service, competitive spreads, and cutting-edge trading platforms. One of the most attractive features of Velocity Trade is its no deposit bonus, which allows traders to start trading without risking their own funds.
What is a No Deposit Bonus?
A no deposit bonus is a type of bonus that is offered by forex and CFD brokers to new traders who open an account with them. As the name suggests, a no deposit bonus does not require the trader to deposit any funds into their account to receive the bonus. Instead, the broker provides the trader with a certain amount of bonus funds that can be used for trading purposes.
How Does Velocity Trade’s No Deposit Bonus Work?
Velocity Trade’s no deposit bonus is available to new traders who open a live trading account with the broker. The bonus amount is $50, and it can be used to trade forex and CFDs on the broker’s trading platforms. To receive the bonus, the trader must verify their account and provide the necessary documentation, such as proof of identity and address.
What are the Terms and Conditions of the Bonus?
Like all bonuses, Velocity Trade’s no deposit bonus comes with certain terms and conditions that must be met before the bonus can be withdrawn. The bonus funds cannot be withdrawn, but any profits made from trading with the bonus can be withdrawn after the trader meets the broker’s trading volume requirements. The trader must also complete the verification process and comply with the broker’s anti-money laundering and know-your-customer policies.
Advantages of Velocity Trade’s No Deposit Bonus
There are several advantages to using Velocity Trade’s no deposit bonus. Firstly, it allows new traders to test the broker’s trading platforms and services without risking their own funds. This can help traders to get a feel for the broker’s trading conditions and to determine whether the broker is the right fit for them. Secondly, the bonus funds can be used to make real trades, which means that traders can potentially make profits without investing any of their own funds.
Disadvantages of Velocity Trade’s No Deposit Bonus
While the no deposit bonus offered by Velocity Trade can be a great way for new traders to get started, it does come with certain disadvantages. Firstly, the bonus funds cannot be withdrawn, which means that traders can only withdraw profits made from trading with the bonus. Secondly, the bonus comes with certain terms and conditions that must be met, such as trading volume requirements and compliance with the broker’s policies.
Conclusion
Velocity Trade’s no deposit bonus is a great way for new traders to get started in forex and CFD trading without risking their own funds. While the bonus does come with certain terms and conditions, it can be a valuable tool for traders who are looking to test the broker’s trading platforms and services. If you’re interested in trading with Velocity Trade, be sure to take advantage of the broker’s no deposit bonus and start trading today!
