Due to the high exchange rate of the ringgit against the US dollar, there seems to be a risk in entering the foreign exchange market where the main US dollar is the currency.。In addition to demo accounts, Malaysia can do no deposit bonuses, brokers do not need to pre-finance, can provide traders with a certain amount of free trading。

How Forex No Deposit Bonus Works in Malaysia？

For most brokers, you just need to register an account and start using the platform, and they can start giving you free trial bonuses。This is often a strategy used by many brokers to attract clients。If you meet the terms and conditions of the platform, the bonuses you receive from the broker and the profits from trading with it will be yours.。

How to trade with a no deposit bonus account.？

1.Trial platform

Similar to using a demo account, the No Deposit Bonus is a way for you to test the platform features。The advantage of this is that when you trade in real currency, you can directly experience the movement of the market。Before depositing additional funds to the platform, please test several other platforms at the same time to make sure it is suitable for you and your trading needs。

2.Patience and confidence

Although it's a no-deposit bonus, build a mindset as if you were trading with your own money。Trading requires patience, not overnight, so use bonuses to make planned trades and improve your strategy。This not only improves your skills, but also your confidence in every trade you execute。

How to choose the best broker in Malaysia offering no deposit bonus？

Note that the forex broker that offers the best bonus does not mean it is the best platform, so compare carefully to make sure it is the best for you。To choose the best broker, there are several evaluation criteria:

1.RULES

A platform may offer you a bigger no-deposit bonus, but if the platform is an illegal forex scheme, everything will go down the drain and your deposit and profits earned later will all be gone。To prevent this from happening, make sure that the broker is regulated by the governing body。There are the National Bank of Malaysia (BNM) locally, the Financial Conduct Authority (FCA) internationally, the Cyprus Securities and Exchange Commission (CySEC) and others.。

2.Bonus

Although the bonus is not the most important, it should be at least $20 (about 85 Malaysian ringgit) so that you still have a considerable amount to trade。

3.Terms and Conditions

Most platforms will entice you with big bonuses, but it's also important to know the terms and conditions before signing up。For example, a broker may offer you $50 as a no-deposit bonus, but you can only withdraw that $50 if you deposit another $200 from your pocket。Therefore, before entering the platform, make sure that you have completed your research。

Forex brokers in Malaysia offering deposit bonuses

1. TICKMILL

• TICKMILL is the top 3 broker and is widely acclaimed for the wide range of asset classes it trades (e.g. Forex, Commodities, etc.)。Second, it is regulated by a number of regulators - the Seychelles Financial Services Authority (FSA), the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC).。
  TICKMILL OFFERS $30 NO-DEPOSIT BONUS。Malaysian customers only need to open a trading account with a broker and provide the necessary information to receive the No Deposit Bonus。
  The broker supports MetaTrader 4 (MT4), an electronic trading platform popular among Malaysian traders, which can be used over the web or by phone.。The platform is also available in Malay and provides Malay-language customer support。
  In order to withdraw the profit earned from the $30 No Deposit Bonus, Malaysian customers need to deposit $100 into an MT4 trading account so that you can withdraw the profits earned, the No Deposit Bonus can only be used for trading。

2. XM Forex

• XM Forex is a well-known broker due to its low minimum deposit and is well regulated by a number of international regulators - the International Financial Services Commission (IFSC), the Cyprus Securities and Exchange Commission and the Australian Securities and Investments Commission (ASIC).。
  XM Forex offers $30 no deposit bonus。Malaysian customers only need to register an account with XM Forex and verify the phone number to receive the $30 No Deposit Bonus within 24 hours。XM forex also offers customer support in Malay and a Malay platform。
  For withdrawals, XM Forex also has its own terms and conditions。Registered customers can only receive one no deposit bonus。No deposit bonus can only be used for trading。Please note that you must trade at least 0 on the 5-wheel carousel.1 standard hand or 10 micro hands to extract profits。

Conclusion

Forex No Deposit Bonus has its advantages and disadvantages, it is important to take advantage of it in a way that will benefit your trading journey。For Malaysian compatriots, never be greedy for all these bonuses and keep opening new accounts, and more importantly, establish consistency with a platform that can bring you the best results。