Our partner, XM, lets you access a free demo account to apply your knowledge.
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In order for traders to activate the bonus, they need to open a live trading account with the broker. Traders need to choose from Trade.MT5, Trade.MT4, Zero.MT5, and Zero.MT4 trading accounts.
In order to activate the bonus, go to your “Trader’s Room” dashboard area and select the “No Deposit Bonus” banner.
The No Deposit Bonus campaign was started in 2022 and is currently still active. It should be mentioned that the promotion is not available for residents of the United Kingdom and the European Union. Great Britain and the EU have tough rules and regulations when it comes to promotions, which is why bonuses are not available in these areas.
The bonus amount cannot be withdrawn right away. Traders need to meet the predetermined trading volume requirements in order to be able to transfer the bonus money from their trading accounts to their bank accounts.
Traders that receive the bonus will have 30 days to trade and meet the required turnover numbers. In calculating the trading turnover numbers the following formula is used:
“Initial Notional Value Threshold = instruments contract size * volume in lots * closed
price * exchange rate * 2”. It should be noted that only trades that have lasted more than 3 minutes are counted.
The bonus is available for both existing and new clients of Admirals who have not made a deposit into their CFD accounts before. Traders need to register with the broker to have access to their “Trader’s Room”, where the bonus can be found.
It’s important to note that the bonus is not affected by losing trades, the amount is only decreased by the profits from your trades. In other words, the promotion is only for trading purposes and serves as a safety tool. You can find the progress of notional value in your Trader’s Room.
In case you make a deposit to your account while the credit still exists, the credit will be deducted from your bonus account.
Pros and Cons of Admirals’ 100 USD No Deposit Bonus
There are many benefits traders can receive from this promotion, however, the bonus comes with strict terms and conditions.
| Pros | Cons |
|---|---|
| 100 USD bonus is credited regardless of the size of the deposit | Is not available for UK and EU residents |
| The bonus is available for both new and existing clients | Cannot be withdrawn |
| Profits made using the bonus can be withdrawn | The promotion lasts only 30 days once the bonus is claimed |
| May urge traders to take more risks |
In addition, it should be mentioned that once the account is open, deposits and withdrawals of initial trading account funds will cancel the bonus. Moreover, traders are incentivized to trade more, instead of making high-quality trades, which can be dangerous for most traders.
