Best Apps for Trading Without Investments in Turkey
The Best Trading Apps Without Investment In Turkey is RoboForex
The best trading app without investments in Turkey:
-
RoboForex - No-deposit bonus ($30), Affiliate programs, Demo Forex contest
-
Exness - Affiliate programs, Demo Forex contest
-
Tickmill - No-deposit bonus ($30), Affiliate programs, Demo Forex contest
-
PocketOption - No-deposit bonus ($50), Affiliate programs, Demo Forex contest
Before traders were allowed to participate in Forex trading with any of the best trading apps in Turkey to earn money, they had to deposit money into their Forex account. But Forex trading is no longer as complicated as it was 5 to 6 years ago. The emergence of more apps for online trading in Turkey has resulted in more opportunities for traders.
So one way some of the best Forex brokers are doing this is by allowing traders to trade without making any investment. Today, traders who do not have the funds to invest in Forex now stand a chance of trading, as there are trading apps without investments in Turkey. However, this post is for you if you are among the eager Forex traders who have not started trading yet because of money problems.
TU Expert is presenting traders with the best trading app in Turkey to earn money without investment.
Can I make money trading without investing in Turkey?
Yes. With no initial outlay of funds, trading currency pairs can result in significant profits. And you can carry out this operation with certain trading apps without investments in Turkey. Below are the top 4 offers available for Forex traders who want to earn from trading currency pairs even when they don't have money to invest.
Forex no deposit bonuses
The Forex no-deposit bonus offer is among the most popular no-investment offers on many Forex broker's platforms. With this kind of incentive, traders only have to fund their accounts after registering with the brokerage and having their identities verified.
The broker expects that traders in need of these offers are those who want to make Forex trading a profession, not those who would simply register, take their bonus, and leave.
While conditions or terms guide how you trade or withdraw profits from this offer, the bonus is only offered once. Unfortunately, traders who do not make any profitable trades are not allowed to withdraw their bonus funds, and the broker will have to cancel the offer if they do not follow the bonus terms.
👍 Pros
•Top Forex brokers offer no-deposit bonuses ranging from $20 to $1,000.
•You only need to complete the registration process to get the bonus.
•Free trial offers on Forex let you familiarize yourself with a particular trading platform.
👎 Cons
•The bonus is not refundable, and you have to meet the broker's requirements to get your profits back.
Broker affiliate programs
The Forex affiliate program is another popular way you can get funds to trade currency pairs without debiting your account. Each time you refer a new customer to the broker, you get paid to trade with them.
The number of referrals you send to the online brokerage and the volume of trading each referrer engages in will directly affect how much your Forex affiliate commissions increase. The conditions for this offer vary depending on the broker, but most of the time, the newly registered trader needs to make a deposit and occasionally make trades.
👍 Pros
•It is risk-free to track your commissions daily, and you are not required to trade Forex.
•You can work with the affiliate programs of several brokers at once.
•To guarantee their affiliate marketers' online trading success, the best apps in Turkey provide free marketing tools and collateral.
👎 Cons
•Persuading a new trader to sign up with your broker could be challenging, particularly if you do not have an internet presence.
Broker competitions
Participating in a broker's contest is another way to make money on apps for online trading in Turkey. A broker will determine the real money payouts for trading enthusiasts who adhere to the contest rules. An example of such a broker's contests on many trading apps without investments in Turkey are:
Make the most profitable trades in a demo account in a single day.
Earn the most on a cent account in a week.
Broker contests are a great way to profit from the Forex market without having to put any money down. However, bonus payouts for real account contests are substantially greater.
👍 Pros
•It is an exciting way to earn on different trading apps without investments in Turkey.
•Demo account competitions help novice traders become proficient.
•It is a reward for hard work, meaning you have nothing to lose.
👎 Cons
•The only drawback to contests is their unpredictable nature; aside from that, they are a one-time way to make extra cash.
Forex-funded trading programs
Although trading without investment options mentioned above may be appropriate for beginners and inexperienced traders, funded programs are meant for experts only. Forex-funded trading programs allow traders to trade without an initial investment. But this is after the trader may have met the broker's requirement, which could be a higher minimum deposit.
Ironically, some apps for online trading in Turkey offering this incentive require traders to have some starting money. Therefore, this offer is only for experienced traders who use a larger trading volume but do not have such large funds.
👍 Pros
•Programs for Forex-funded trading give traders access to highly funded accounts.
•A trader using a funded account has the potential to become a millionaire very quickly through profits.
•A plethora of sophisticated tools, including real-time market data, customizable trading algorithms, and sophisticated charting capabilities, are available to traders.
👎 Cons
•You must be a professional trader to take advantage of this offer.
Best Forex Trading Apps in Turkey to Earn Money Without Investment
It is recommended that you research apps for online trading in Turkey. This is because not all support the popular methods of trading without investment. To save you the stress, below is a quick review of the best trading app in Turkey to earn money without investment.
RoboForex
RoboForex is among the top trading apps without investments in Turkey. As a top-regulated broker, this trading app offers a large selection of attractive incentives for traders seeking the best trading app in Turkey to earn money without investment. The trading options without investment in RoboForex are:
Affiliate programs
Demo Forex (a contest with a $3000 prize fund)
After an account is validated, the $30 no-deposit bonus is automatically credited to the trader's account. Again, the Affiliate program on Roboforex is the revenue share type, which rewards affiliates with commissions for each of the attracted client’s deals. The demo contest, the alternative, is limited to demo accounts and is held once a month. You may also be interested in reviews about RoboForex from clients in Turkey.
Exness
Exness is another trading app without investments in Turkey. While the no-deposit bonus might not be available currently in some regions, they offer periodic competitions and affiliate programs.
Exness Affiliates offers its partners some of the most lucrative partnership programs in the world of online trading and investing. Users who refer clients to the affiliate program receive commissions from their referrals' initial deposits. Your account will receive direct credit for this commission, which could total up to $1,850 based on the partnership program.
The next trading option without investment in Exness is the EXNESS Forex Demo Contest 2023. After competing against other demo traders, participants receive actual prizes for first place. Usually free to enter, the demo contests offer withdrawable cash prizes. But you have to verify if the option is available at the moment.
Tickmill
If you are looking for the best trading apps in Turkey without having to invest any money, Tickmill is still another fantastic choice. This broker is among the best low-spread and zero-spread Forex brokers. And they also make provisions for traders who do not have the capital to trade with various trading without investment options.
Among the online trading businesses without investment options on Tickmill, the $30 welcome bonus is popular among new traders. With Tickmill's $30 no-deposit bonus, traders can trade with free trading money without needing to make a down payment. The traders are limited to withdrawing their actual profits; the bonus is only redeemable for profits during the ninety days.
Additionally, Tickmill offers CASH rewards to the top 20 traders in a weekly, one-week demo trading competition. Furthermore, traders can earn commissions by referring other traders to Tickmill, which they can then use to trade.
Pocket Option
PocketOption offers binary traders the opportunity to trade without making any investment. They are among the best trading apps in Turkey to earn money without investment. PocketOption offers a variety of trading options that do not require an investment. They include:
Tournament
Affiliate Program
You have to register for a new account to be eligible for the Pocket Option no-deposit bonus. Following the automatic crediting of bonus funds to your trading account, you can start trading binary options.
The affiliate program is another way to earn money without investing in PocketOption. This option for trading without investment allows you to gain a commission within 80%. This campaign may be useful if you want to earn some supplementary cash without investing.
PocketOption tournaments feature a closed user group competing by trading the same asset. And the trader with the biggest profit wins cash prizes. Because trading takes place on a virtual balance, participants in the tournament do not spend money on the balance of their live account.
It is recommended that traders thoroughly read the terms and conditions of these bonuses before utilizing them.
Best Forex-funded trading accounts in Turkey
Topstep
Topstep is an international proprietary trading company registered in the USA. The company has been providing financial services since 2012 and offers exclusive trading terms for clients from different countries. Topstep provides financing of real trading accounts of its clients if they prove the skill to make trades and manage risks on a simulation account. Traders can attract up to $500K. Traders can trade CME Group futures and currency pairs. Trading on real accounts is carried out through the ECN broker Equiti Capital.
Topstep Affiliate Program ReviewEarn2Trade
The Earn2Trade educational company was established in 2017 and is headquartered in Wyoming, USA. It offers retail traders learning courses to become professionals, as well as virtual accounts to trade futures. The best students who trade successfully under set parameters are given access to capital of proprietary trading companies in amounts from $25,000 to $200,000. Earn2Trade has three rate plans with subscriber fees from $90 to $429.
Rules and Regulation
Licensing in Turkey
Forex trading in Turkey is overseen by the Capital Markets Board of Turkey (CMB) and the Central Bank of the Republic of Turkey (CBRT). The CMB regulates financial markets, including Forex trading, ensuring transparency and integrity. Meanwhile, the CBRT manages monetary policies and oversees foreign exchange transactions, contributing to market stability.
Investor protection in Turkey
The CMB's regulations in Turkey aim to protect investors by fostering transparency and fairness in the Forex market. Through strict oversight and investor education, the CMB works to prevent fraud and market manipulation, empowering investors to make informed decisions.
Taxation in Turkey
Profits from Forex trading are subject to income tax, ranging from 15% to 35%, based on profit levels. Traders must maintain accurate records and comply with tax regulations to avoid penalties. Seeking guidance from tax professionals helps manage tax liabilities effectively.
Can I start trading without a minimum deposit?
Yes, traders can start trading without a minimum deposit on a trading app without investments in Turkey. These brokers either do not require a minimum deposit or only have a nominal fee that ranges from $1 to $10.
On some of the best trading apps in Turkey to earn money without investment, options like no deposit bonuses are available. Other options are to participate in a trader's contest, register for affiliate programs, or sign-up for a funded account.
The funded account program can raise a lot of funding, but there is usually a plan subscription fee of $50-250 depending on the prop firm.
How much do I need to earn decent money?
Typically, a deposit of $1,000 or more could do the magic. But if you trade with the no deposit bonuses or minimum deposits on apps for online trading in Turkey, you might have to be consistent and trade with top skills to earn a decent amount. Trading with 10 to 100 dollars will take time to build a large capital.
How to choose a trading app in Turkey?
If you are wondering about the best practices for choosing a trading app in Turkey, you simply need to focus on the following variables:
Safety
One of the top things you will want to focus on is the level of safety of the platform. No matter how much money you stand to make, the level of safety plays a major role in how effective the platform is. This is because the safety level enables you to know the likelihood that your money and assets will be kept safe and secure. Therefore, you should take the time to learn more about the safety mechanisms being offered by your current broker. Be sure to check if the platform offers various security mechanisms such as encryption, two-factor authentication, anti-fraud tools/features, and how they manage and store your personal data in general. Generally speaking, you will find that most reputable brokers do all these things and more. If you notice that a broker is cutting corners and is not properly secured, this is a red flag, and you should avoid the platform at all costs.
Security
Another very important feature to be aware of is security. No matter what the platform is offering, it means nothing if you don't trust the platform you're using. Since there are so many new brokers on the market, you should definitely make sure your chosen broker is reliable and secure. Fly-by-night brokers do exist, and unfortunately, some are literally here today and gone tomorrow.
Therefore, you should pay careful attention to how long the broker has been in existence. Before signing up, make sure you take the time to search for the history of the broker and how it’s regulated. Moreover, all reputable brokers should have insurance to protect clients in case of bankruptcy. Depending on the organization governing the broker, these insurance policies apply to everything from ISAs to IRAs and much more. Before investing your money, make sure it's protected by specific agencies and regulations.
Ease of Use
You will also want to focus on ease of use. This is especially true if you are not an experienced trader. Some platforms can be very complex and can take too much time and effort to learn when you are just beginning your trading career. Take the time to explore the interface and how it functions before signing up. One of the best ways to go about this is by choosing a broker that offers a demo account. In doing so, you can essentially begin using the platform before investing a dime of your own money.
How to trade without investing
Choosing the best Forex broker is the first mandatory step; the next search is for trading without investment options on the platform. Consider the guide below to start trading without investing.
First, verify if the broker has a no-deposit bonus, contest, or affiliate program option.
If you see options like a no-deposit bonus, join the broker to get funds and start trading.
If a no-deposit bonus is unavailable, you should check out the competitions on demo accounts and register to participate. As an inexperienced broker seeking to benefit from this offer, the steps below could be helpful.
a. Investigate and learn about the principles of Forex trading; you may find some helpful videos on Forex trading.
b. Start practicing on the demo account.
c. You might adjust to the Forex market more quickly if you join a trading community.
d. Participate in Forex trading competitions.
e. Start trading with a modest sum of money.
The affiliate program is another great way to earn cash for trading when you refer a friend who signs up with the broker.
FAQ
Which trading app is best without investment?
RoboForex is among the best trading apps without investments in Turkey.
How to trade without investment?
Signing up with a broker that offers traders no deposit bonuses, demo account contests, and affiliate programs gives traders options to trade without investment.
Is online trading legal in Turkey?
Yes. Online trading is legal in Turkey. You can use a swap-free account to trade per Islamic law, and the Capital Markets Board of Turkey oversees all trading activities.
How to trade stocks in Turkey?
Sign up with Pick a Regulated Broker, choose a financial asset, decide which stocks and how many shares to buy, choose an order type, and place the stock order.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).