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Paxforex.com offers a very generous $100 forex no deposit bonus to new traders, but there are some details to this bonus you should know first. It's a real nice bonus of course, and one of the forex no deposit bonuses around, but without knowing the particulars, you might get disapointed.
Forex Bonus Review PaxForex
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Bonus Details
- You need to create a 'bonus account' to get the $100 no deposit bonus. You do this by chosing 'Bonus' as account type,
- when you're registrating your new account.
- The bonus and profit you make with it will be only available for the first month after you register.
- To clear the bonus, you need to complete at least a 1000 trades with a total volume of 10 lots. This is doable, but only if you're an intra-day trader. After the clearing conditions are met, the bonus will no longer have an expiration date.
- You can improve the clearing conditions considerably by upgrading your account to a 'Standard Account' (after first having had a 'Bonus Account'). You have to deposit at least $100 to upgrade it to a Standard account, but then you will no longer have trade a minimum of a 1000 trades, and only have to complete a total trading volume of 5 Standard Lots. If you trade with a mini account (1 pip = $1) this would mean a total of 50 lots.
- If you withdraw funds from your Standard account before clearing the bonus, the bonus and profit will be nullified.
- Only 1 bonus per trading account.
- You can not use Expert Advisors (EA's) with the bonus account. You can however with a Standard Account.