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A Quick Guide to No Deposit Codes. Know your wagering requirements: Every no deposit bonus comes with a wagering requirement.
It is important to know the wagering requirement because only then will you be able to cash out winnings from the bonus.
The rules matter: It is important to be aware of the rules associated with the bonus to be able to use it properly. The most common of these apart from the wagering requirement is the list of eligible games for the bonus.
Ensure that you use the bonus to play a game that it covers. Otherwise you may not be able to cash out your winnings from it.
Know your maximum cap on cashouts: One rule that applies to most no deposit bonuses is the maximum cap on cashouts permitted. You cannot cash out all your winnings from a no deposit bonus as the casino puts a maximum cap on the cashout amount.
Knowing that amount is critical as it tells you how much from your winnings you can take. It is okay to ask: You are entitled to ask about anything you have doubts about.
Casinos have customer support teams specifically to answer your queries and resolve your issues. And you can of course feel free to ask us when you are here.
No Deposit Online Casino Bonuses Explained No deposit bonuses are promotional offerings that online casinos offer as incentive to sign up for real money play.
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Some of the forex brokers even set the trading volume threshold to lots. This scenario is almost like a mission impossible. But this also correlates with the maximum lot size permitted per trade and the maximum leverage allowed.
In example 1, the permitted lot size was 0. In this situation, even a trading volume of 5 lots is too much. An active trading day simply means that there is at least one open and closed position for the day.
Ahmad opened a position on day 1, but he does not close any position on that day. Instead, he closed it on day 3. What is the active trading day of Ahmad?
The answer is only 1 day. It is on day 3 that he had one open position and one closed position. Based on the example above, to achieve an active trading day, we need to close at least one position a day Of course you cannot close a position without first opening it.
This requirement forces the traders to trade more; sometimes out of the compulsion of fulfilling the active day requirement.
Conclusion: Traders need to be super active in trading to fulfill active trading days. It is not a pleasant idea to have.
But when it comes to the profit withdrawal step, you are suddenly required to deposit a certain amount of money to be eligible for the profit withdrawal.
The purpose of the forex brokers is very clear. They want you to stay with them and trade with them. As we told you at the beginning of this guide, the main reason for the no deposit bonus is to entice you to trade in the forex market.
Conclusion: If a no deposit bonus needs a deposit at the end, why is it called no deposit bonus in the first place?
It is not uncommon for non-deposit bonus brokers to complain about bonus abuse by their clients. As we work closely with most of the forex brokers listed on Forex Penguin, we have the first insight about what is really going on behind the scenes.
These abusive strategies have often discouraged a good forex broker from offering its first-time clients the trading incentive in the form of no deposit bonus.
In this section, all information is written for educational purposes and it is not to be repeated. We also hope that through this guide, we can help honest forex brokers to find some alternative ways to combat the abuser.
Hence, the no deposit bonus promotion can continue and bring benefits to genuine first-time traders. Forex no deposit bonus is clearly a popular way for new traders to start learning forex while not using their own money.
It also attracts some syndicates to pocket this golden opportunity. Since most of the forex brokers are aware of the multiple bonus sign up abuse, they have strict rules to go against it.
Unfortunately, for every rule, there will be creative ways to break it. We received reports that especially in the poorer countries, there are people who collect or buy KYC documents in bulk.
The documents include scanned copies of international passports, national id cards, government-issued driving licenses, household utility bills, bank statements, and more.
Once they have the KYC documents, it is easy to impersonate the KYC document owners and sign up for the new bonuses. Depending on the market conditions, some of these bonuses could generate profits and some will lose.
The abuser then can withdraw the profits and move on to the next brokers who offer new bonuses. Such activities have caused the forex brokers to lose money, hence they are discouraged from hosting the no deposit bonus anymore.
Hedging in general means having two open positions simultaneously in the opposite direction. This creates a zero-sum game, in which there will be no loss in total.
Bonus accounts hedging or sometimes also known as bonus arbitrage refers to the activities of hedging two bonus accounts with the purpose to gain profit from one account and to lose the other one.
Since the bonus is given by the broker, the account on the losing side has no monetary impact on the account holder. The accounts used for the hedging can be from the same forex broker or two different brokers with almost the same bonus size and trading conditions such as leverage, minimum lot size, and stop out level.
This method is banned by the forex brokers because it is deemed cheating and clearly violates the sole purpose of the no deposit bonus, which is to give the opportunity to the new clients to try out the forex broker without their own deposit.
To survive in the ever-changing environment, forex brokers need to be resilient and creative. To combat the abusive bonus hoarders, some forex brokers have introduced a set of more stringent rules and regulations.
We summarize these carefully designed restrictions in the following section along with the explanation. Most of the forex brokers will not grant any no deposit bonus if there is an existing IP in the subnet that has already received the bonus.
This is a simplified filter to discourage the same person from creating new accounts. Often, we encounter forex brokers who do not allow the members from the same family to receive a no deposit bonus.
Some of the countries are not on the list of recipients. This is due to the high fraud activities in that country. To simplify matters, the whole nation is barred from receiving the bonus.
In the event of impersonating, the old KYC documents are not valid anymore for the identity and residential address verification.
This can discourage the abusers from creating new accounts because they have to constantly recollect or rebuy the newly updated KYC documents.
It has become a trend that a small deposit is required to receive a no deposit bonus. The two most important differences are, the amounts given are usually much much higher, and in most cases, you have a small window of time to play and keep your winnings.
Please review all terms and conditions carefully at the actual casino sites to know exactly how best to cash in on these bonuses. Home Casino Poker Sports Betting Bingo USA Friendly Blog.
No Deposit Casino Bonuses Ready to kick back for some online blackjack? USA resident? The list is based mostly on your country, as many bonuses are only valid to players from certain countries.
However, other ranging factors, such as the bonus value and the casino's rating, have been added into the mix as well.
If you are new to no deposit casino bonuses , the answers to the following questions may interest you:. Note: You should be aware that not all casinos treat their players fairly.
That's why we recommend reading our casino reviews before registering and using our list of best online casinos when choosing a new site to play at, especially if you intend to deposit your own money into the casino.
No deposit bonuses are a promotion given by online casinos to attract new players. These bonuses usually take the form of free credit , which can be used to bet on various games, or the form of several prepaid spins on certain slots.
No-deposit bonuses are usually given as a gift to attract new players. The main goal of these bonuses is to promote the casino's brand and get an email address or a phone number from potential players.
These contacts will very likely be used for marketing purposes. If you manage to meet the bonus wagering requirements and want to withdraw your win, the casino will verify your identity.
Casinos are quite smart when it comes to this, so your only chance is to sign up with your own name and only once for every bonus and every casino.
No deposit bonuses have very high wagering requirements — sometimes up to x. Note that not all games are allowed to be played with the bonus credit, and not all games contribute at the same rate to roll over requirements.
In that case you would need to place 20 times more bets on blackjack than on slots. In the case of prepaid spins, the casino will total your winnings from these spins.
You will lose the vast majority of free bonuses before meeting the wagering requirements. But if you are lucky enough to roll the bonus over, then you have to be aware of the MAXIMUM CONVERTED VALUE rule.
Another rule is the maximum allowed bet. If the casino defines the maximum bet when playing with a bonus, you must not exceed it. Otherwise, the casino will have an excuse to refuse to pay you out.
And the majority of casinos really will use this excuse. I think that casinos use this as another form of verification.
But be careful, because some casinos may try to trick you and force you to play with this "verification deposit". Always ask on live chat to make sure you understand the terms and conditions properly - and save the conversation.
Many casinos are fair about their no deposit promotions, and a clear reputation is one of their most important assets.
The casino hopes to attract new players, which will spread the word about their brand. Also, some players will stay and deposit real money.
A lot depends on the habits of players from every particular country. Players from Western Europe are more likely to be real casual players.
This kind of player often makes a small deposit after playing with a no deposit bonus. Players from Russia and Eastern Europe are more likely to be pure bonus gatherers who are looking just for a profit without the risk.
With a long term perspective, these bonuses may pay for themselves. Casinos are very strict about the one bonus per player policy , and childish attempts get around it have no chance to succeed.
You have to sign up with a name for which you have a valid ID and passport. The only effect will be that you piss the casino manager off, and he may exclude players from your country from this promotion in the future.
Instead of using a no deposit bonus multiple times, we suggest looking for other bonuses from different casinos , either in our list of no deposit bonuses, or on other websites, such as lcb.
Another well renowned website is nodepositfriend. If you've already used all bonuses listed here, on Casino Guru, remember that there are other sites where you can find new bonus offers for you to try.
No deposit bonuses are a type of casino bonuses given to players without the need for them to deposit their own money into the casino.
Casinos use them as a promotional tool to give new players an incentive to create an account and start playing. No deposit bonuses make it possible to essentially gamble for free, but their values are generally low.
Using a no deposit bonus is simple. They are given to new players as a reward for registering. Some of them are given to players automatically, while others require entering a specific promotional code, or contacting the customer support and asking for it.
We display specific instructions for each bonus in our no deposit bonus list. You can only have one account in each casino and claim each free bonus just once, however, there is a big number of online casinos , and many of them offer no deposit bonuses to new players.
No deposit bonuses are generally offered only to players from selected countries, but our list of no deposit bonuses only displays bonuses available to players from your location.
Some casinos have more specific requirements, but you should be able to claim pretty much all bonuses in this list, unless specified otherwise.
There are two main types of no deposit bonuses — free spins and free cash. Both allow players to play real-money casino games for free, but there is an important difference.
Free spin bonuses are tied to specific slots, while free cash bonuses can be used on any game that has not been restricted for that bonus.
You can learn more in our articles describing how casino bonuses work. Free cash bonuses are a type of no deposit casino bonuses.
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