Explore No-Deposit Bonuses in India with Traders Union experts

With its one billion population, there is no question about India’s position as an attractive investment market. 

Millions of people in the country are actively searching for ways to make money in Forex, and many are planning to start their currency trading career without initial investment. 

No Deposit Bonus Forex India in 2024

To those starting with a small capital to trade Forex in India, this Traders Union article explores the best no-deposit bonuses in the country for 2024. 

Coming on the list are RoboForex, Libertex, AvaTrade, XM, and TeleTrade, which are among the most reputable Forex brokers worldwide in the past years. 

RoboForex currently offers a $30 no-deposit bonus which can be redeemed in simple steps. After registering and confirming their personal information, a new user is required to meet RoboForex’s low minimum deposit requirement of only $10 and the $30 bonus will automatically be credited to the user’s account. 

This might not sound like a real ‘no-deposit’ bonus after all as it requires a $10 deposit to redeem the reward, but the majority of platforms require an initial deposit to receive bonuses to confirm the eligibility of users. 

Moreover, it is worth noting that RoboForex is licensed by the International Financial Services Commission (IFSC) and the Cyprus Securities and Exchange Commission (CySEC), making its shortlisting process for new users more careful than unregulated brokers. 

Brokers that Offer Bonuses in India

Another broker that offers lucrative bonuses for Forex traders in India is Libertex where users can receive a 100% return for their minimum $100 deposit. Unlike other platforms, the broker’s bonus can be instantly converted into funds which will be available for withdrawal. 

AvaTrade also offers an attractive welcome bonus equivalent to 20% of the initial deposit of $1000. This broker is well-regulated by the Central Bank of Ireland, the Australian Securities and Investment Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC).

XM is a market favorite among users in India, with its $30 no-deposit bonus which can be received after registration. This broker is among Traders Union’s Best Forex Brokers of 2023, recognized for its affordability, reliability, and overall trustworthiness. 

InstaForex, another reputable platform, offers a welcoming bonus that can be withdrawn when conditions are met. 

Other brokers that made it to the list namely InstaForex, Tickmill, FBS, and FxOpen all offer non-withdrawable deposit bonuses. 

Can You Make Money Without Investing in India?

In the diverse financial landscape of India, aspiring traders can now venture into the global Forex market without the burden of an initial investment. 

Popular approaches include no-deposit bonuses and welcoming bonuses offered by a majority of Forex brokers in the country. These bonuses provide a risk-free entry point, allowing traders to familiarize themselves with the market’s nuances and trading strategies without risking their capital.

Another attractive option is Forex affiliate programs, which offer a passive income stream for those passionate about the forex market. By promoting a broker’s platform, individuals can earn commissions for each new client they attract. 

This does not require direct trading or an initial deposit which is the very reason why it is a viable option for those seeking financial rewards without active participation in the market.

Affiliate Broker Programs in India

If you are keen to learn more about how to make money without investing in India through affiliate marketing, keep reading. 

In Forex, affiliates typically generate their unique referral links upon signing up and are automatically eligible to receive commissions when new users sign up using their link. While success in this endeavor requires dedication and effective promotion strategies, many traders have successfully established passive income streams through affiliate programs.

The world’s best affiliate programs in 2024 are RoboForex, IC Markets, and Exness. RoboForex offers a revenue share of up to 70%, while IC Markets distributes 50% of the income from referred clients. 

Meanwhile, Exness distributes as high as $1,850 for first deposits and referred clients, making it an attractive ground for passive income seekers who are risk-averse. 

Final Reminders for Forex Traders Without Capital

With its large population and growing economy, India is a promising market for Forex trading. Many people are interested in starting their Forex trading career but do not have a lot of capital to invest. 

To help these individuals, many Forex brokers offer ways to allow traders to practice trading without risking their own money.

No-deposit bonuses, welcoming bonuses, and Forex affiliate programs have opened doors for Indian traders seeking to explore the world of Forex trading without the initial financial commitment. 

Many traders have made a significant amount of profit simply by leveraging these bonuses to their advantage using good trading strategies.

About the Author

The author of this article, Alex Smith, is a professional day trader for his own trading company in the foreign exchange (forex) and cryptocurrency markets. 

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