Trading Without Investment on Forex - Top 4 Ways to Make Money

RoboForex - Best Forex broker for 2024

Your capital is at risk.

Answering the question of how to trade without investments, Traders Union experts identified 4 best options. This Forex affiliate programs, non-deposit bonuses, contests conducted by forex brokers, traders contests on demo accounts.

Forex trading once had the reputation of being a playground for the big banks and the high rollers with deep pockets. But times have changed. Thanks to the rise of online brokers and accessible trading platforms, it's no longer just for the financial elite. Nowadays, even those with a modest bank balance can dip their toes into the currency exchange waters. While it's still wise to trade with a comfortable financial cushion, it's not a strict requirement. In this piece, we'll look at some of the best ways that even individuals with minimal or zero starting funds can embark on the journey of Forex trading.

Today, top brokers can attract traders with lucrative offers that allow you to make money on Forex without an investment. These are affiliate programs, non-deposit bonuses, and contests, including demo account contests.

How to make money on Forex without investing capital?

To learn how to start trading in the Forex market without investing funds, let’s look at the forex exchange market in more detail first. Forex is not an organization with its own website. It is a global market for trading currencies used by banks all across the world. Banks perform thousands of currency conversions and transactions every second. This means that currencies are swapped between each other all the time. The difference in the value of each pair determines its price.

Currency exchange has flourished for centuries; even the Scriptures mention merchants (“the money changers”) in the markets who exchanged money from one country for money of another country. The modern-day Forex was founded in 1976 when all currencies were pegged to the dollar instead of gold reserves. See, for example, The History of Forex Trading: Where It All Began.

Anybody in the world can freely deal with and in currency. And if you, after analyzing the market, correctly speculate that today 100 yen goes for $1, and tomorrow it will go for $1.4, then today you can buy yen for dollars, and tomorrow sell them at a profit. Your profit comes from the difference between the two sums. So, the business of the Forex market is the actual trading itself. The only nuance is that you can’t work with banks directly as an individual, thus you need an intermediary — a licensed agent who can work directly with the banks on your behalf. These agents are the Forex brokers.

How to make money on Forex without investing capital?

How much money is needed to start Forex trading?

We return to the question of whether it is possible to get a profit on Forex without investments. In contrast to just 10 years ago — when trading was not even a specialty in many countries, traders couldn’t start trading without capital. But today, the competition between brokers has changed and brokers have come up with attractive means of allowing traders to trade without making any investment of their own capital. This is truly a win-win situation.

The New York Stock Exchange (NYSE)

By the way, many people believe that the USA is the world’s center of currency trading; but this is not true. The New York Stock Exchange (NYSE) conducts only 19% of currency transactions worldwide; whereas, the London Stock Exchange (LSE) controls more than 41% globally. But the British currency is traded 8 times less than the American dollar. The dollar participates in 87% of all worldwide currency trades, and the British pound sterling only in 11%.

It is not only possible to make money on Forex without first investing, in some cases it is necessary. It is vitally important for a novice trader to study the trading terminal, the dynamics of quotations, and the trading mechanism itself before investing his own money before earning profits. First, you need to find out how much you can reasonably earn on Forex, before investing real money.

demo

There are demo and cent accounts for training and they should be used, but they will never replace the adrenaline rush of a real dollar account. Let’s face it: when you risk nothing or risk losing 10 cents, your strategies and tactical decisions will not be the same as if there is at least $10, $100, or $1000 at risk. Your mental focus is simply not the same.


And if someone, such as a broker, donates $10 to you to try your luck or strategy in the market, you should embrace the opportunity to try a real trading situation, or to test how well you understand the market mechanisms, or to decide whether you even like Forex trading or not.

Top 4 options to get profit on Forex without investments

Making money on Forex without investing money because a broker gave you cash to trade for free, is not the only way to make money without risking your personal assets. You can make money in the foreign exchange market in other ways too, such as using the bonus and other programs of brokers and winning competitions held by brokers, as well as by independent traders’ unions.

The obvious question is why would a broker give a trader “free” money at all? One reason is that it benefits the broker to interest you in trading, teach you how to trade, and teach you how to trade well (i.e., earn a profit), and finally, to maintain your loyalty to his brokerage business. In each of these ways, the broker stands a chance of increasing his own profits. It is another win-win situation. Also, realize that he gets a commission on your winnings; but no commissions if you lose. It is in his best interest to help you win. If you lose, the lost funds simply go into the total interbank cash flow and are distributed among all traders all over the world. Find out how much you can earn on Forex daily as a regular trader.

Why would a broker give a trader “free” money at all?
But there are some exceptions, such as fraudulent brokers, which primarily are

But there are some exceptions, such as fraudulent brokers, which primarily are Forex bucket-shops, and financial pyramids. Bucket-shop brokers, do not withdraw money to the interbank market, so 100% of your losses go directly to him since if you lose, your funds are simply confiscated by him. Pyramid schemes are even more deleterious. There, you are asked to make a deposit based merely on a promise of a considerable and guaranteed income in the future; but in fact, the fraudster simply keeps 100% of your money for itself.

Unfortunately, once becoming a victim of fraud or scammed by a dishonest broker who does not fulfill his obligations to traders, many people lose faith in the Forex market and become reluctant to believe that it is entirely possible and safe to earn income from the Forex market without making investments, as well as simultaneously earning money through regular trading — if you care to do so. There is no requirement that you actively trade at all. To be extra safe, you should cooperate only with reliable and trusted brokers that you can find in the list. We now turn your attention to programs that allow you to start earning with reputable brokers without investing your own money.

Forex affiliate programs

This method of making money on Forex without investments does not require direct trading. The affiliate program is about making money for bringing new clients to the broker. The specifics of the process may differ slightly from brokerage to brokerage, but the basic process is the same for all:

  • Register on the broker's website

    You register on the broker's website and fill out the form to join the affiliate program.

  • The broker provides you with a personal referral link

    The broker (sometimes – after verification) provides you with a personal referral link.

  • The profit from referrals

    Now anyone who registers on the broker's website using your referral link will bring you a profit (there may be certain conditions as further described below).

As simple as that, the broker gets a new client, and the broker thanks you with a cash reward. But the cash reward may not come immediately upon the mere registration and verification of the invited trader. In most cases, the newly-registered trader must actually make a deposit (and sometimes, conduct trades). For example, the new guy must register; be verified; download the broker’s terminal; and make the first deposit. The conditions are different among brokers, but you should understand that brokers are prodigious in protecting themselves from cheats and scammers. Also, you may get continued cash beyond the initial recruitment bonus, if the new guy becomes a prolific trader with many wins.

👍 Advantages of affiliate programs

  • Requires no investments from you
  • You don't have to actually trade on Forex; no risk
  • You get passive income by posting a link in an active forum thread
  • You may work with affiliate programs of several brokers at once

👎 Disadvantages of affiliate programs

  • You need to be a society opinion leader and a good marketer and promoter on various Forex forums and/or social media platforms because if you have no "weight", no one will follow your link or suggestions.
  • This is an option for making money for socially active people who communicate a lot on social media platforms, such as TikTok, Twitter, WeChat, Facebook, etc.

An affiliate program is normally not worth considering as the main source of income. But this is an effective way of making money on Forex without investments with a view toward passive “extra” income. An affiliate program is a good stable bonus for socially active people.

Types of affiliate programs by brokers

Generally, an affiliate program requires a special agreement. Under the agreement, the broker shall transfer the specified amount of money to your account when the invited client performs the agreed-upon objective actions.

  • Online-partner

    Online-partner.

    This is the classic version of affiliate programs, which is when you have an interest in the successful trades of the invited trader who followed your referral link.

  • CPA-partner

    CPA-partner.

    In this case, you get a one-time bonus for each new client. This option is perfect for webmasters, SMM specialists, and Internet marketing specialists.

  • Representation

    Representation.

    This is the top level of partnerships. You can become a broker’s representative by opening an office or website. Now the profit will be calculated specifically for you.

The first and second points are profitable options for making money on Forex without investing any money. None of these affiliate programs requires you to actually trade in the Forex market. A well-promoted blog on a social media network, a personal website, and/or an authoritative profile on the Forex forum is essential to successfully promote affiliate programs for recurring passive income because it will help to attract new clients to the brokers you represent more effectively and get you more income.

Top 10 Apps with Forex affiliate programs

Broker

Name of Program

What Should I Do?

How Much Can I Earn?

Traders Union

The Traders Union Affiliate Program

This is a 2-tier program. To earn money you will attract new active traders to Traders Union, who will be a part of the partner's referral network, and their trade will bring the referrer (you) a stable income.

1. The affiliate rate for the first referral level is 10% of the income of the attracted referral in Traders Union.

2. The affiliate rate for the second referral level is 5% of the income received by the second level Traders Union referral.

Learn details

RoboForex

RoboForex affiliate

With a revenue share of up to 70 percent, the RoboForex stock affiliate program is one of the most attractive at all

UP to 70% loyalty program that pays up to 20% of the overall partner commission

Go to the broker

Your capital is at risk.

FxPro

FxPro Partner

Share referral links or introduce people to the platform as an "Introducer."

Up to $1,100 per profile referred

Go to the broker

Your capital is at risk.
79.27% of retail investor accounts lose money when trading CFDs with this provider.

XM

XM Partners

Share referral links

Up to $25 per lot (unlimited commission per referral)

Go to the broker

Your capital is at risk.
77.74% of retail investor accounts lose money when trading CFDs with this provider.

Admiral Markets

Admiral Markets Affiliate Program

Share affiliate link

Up to $600 per referral

Go to the broker

Your capital is at risk.

Traders Union affiliate program

Traders Union also offers its own affiliate program, which is considered by many to be the most profitable option for earning money in the Forex market without making investments. All you need to attract clients is to give them your referral link. You can bring clients to any broker on the list of Traders Union partners and there are dozens of top companies.

Keep in mind that it is more profitable to register with a broker through the Union's website than directly with the broker because the trader gets a refund of a part of the commission (spread) that the broker charges from his successful trades; 100% free legal support; and access to contests on demo accounts with real cash prizes are also provided.

It is more profitable to register with a broker through the Union's website

Benefits of the Traders Union affiliate program:

  • You get 10% of the income of each trader attracted

    You get 10% of the income of each trader attracted.

  • You get 5% of the income of each trader who was invited by the client you referred

    You get 5% of the income of each trader who was invited by the client you referred.

  • You have a personal account with detailed statistics, where all information about partners for the last 5 months is stored

    You have a personal account with detailed statistics, where all information about partners for the last 5 months is stored.

  • Profit is calculated not by the number of transactions, but by the volume of trades

    Profit is calculated not by the number of transactions, but by the volume of trades. Payments are made directly to your personal account automatically.

  • It does not matter which broker you work with

    It does not matter which broker you work with, the mode of the transactions, or the period of time your partner trades.

  • Traders Union provides its own collection of attractive banners for integration into your recruiting efforts

    Traders Union provides its own collection of attractive banners for integration into your recruiting efforts.

This last point is of prime importance. You can publish not just a referral link on forums or websites, but a high-quality professionally created banner, which significantly increases user interest and the conversion of forum or site visitors to partners.





To become a Traders Union partner:

  • Register on the Union’s website.

    Register on the Union’s website
  • Read the affiliate program rules

    Read the affiliate program rules.

  • Get the referral link from your broker in your personal account (see the “Partner’s income” section).

    Get the referral link from your broker in your personal account (see the “Partner’s income” section)
  • Post the link and banner on your website or external sources

    Post the link and banner on your website or external sources.

  • Make money!

    Make money

Each Traders Union client who follows your banner or link will bring you money. However, you can post them anywhere – in signatures on forums and in emails, on personal sites, blogs, communities, and personal pages on social media. You have no restrictions on the placement of referral links and banners from the Traders Union side.

Free Forex money: Non-deposit bonuses

Non-deposit bonuses are the most popular way to trade Forex without investment. As the name suggests, to start trading, you do not need an initial deposit; that is, there is no need to deposit personal funds into your account. Choose a broker, register directly on its website (or with the Traders Union website, as it is more profitable) and as soon as you open your first account, you will get the non-deposit bonus immediately!

Note!
The non-deposit bonus does not work for demo accounts because only virtual money is used on demo accounts. Also, many brokers do not provide bonuses for cent accounts and some other types of accounts. The accounts where you can get a bonus will be indicated in its description.

Brokers have varying conditions for non-deposit bonuses. The receipt terms, size, account types available and many other parameters differ. But in general, all bonuses can be divided into several types.

Non-deposit bonus type

Advantages

Disadvantages

One-time non-deposit

You do not need to replenish your account to get this bonus. Just fulfill the conditions required.

The bonus is given only once.

One-time, replenishment required, fixed

This bonus shall be provided if you deposit any amount for the first time (even $1). The bonus has a certain amount and does not depend on the replenishment amount.

The bonus shall be given only once but requires a replenish of at least a minimum deposit into your account.

One-time, replenishment required, interest

This bonus shall be provided if you deposit any amount for the first time (even $1). The bonus depends on the deposit amount (for example, 200%).

The bonus shall be given only once but requires a replenish of at least a minimum deposit on your account.

Multiple with options

You need to replenish your account with at least a minimum deposit. It can be fixed or will be calculated as a percentage of the deposit amount.

You need to consistently replenish your account for any amount to get a bonus.

A non-deposit bonus that does not require replenishment and which can be withdrawn later is the most profitable option. Brokers do not allow the withdrawal of bonus funds immediately, without successful deals, because in such a case many people would simply register, withdraw the bonus and leave. Bonuses shall be won back. There are also non-withdrawable bonuses and they are also profitable because they give you start-up capital without personal investment. Several options in the table are not fully no-deposit; you must make at least a minimum deposit ($1-10) to activate them. Please note that many brokers provide additional bonuses for large deposits.

A non-deposit bonus that does not require replenishment

The non-deposit bonus provides you with an excellent opportunity to try your hand without risking your money. But no matter how attractive Forex is with non-withdrawal investments, it is viable only for novice traders. Further, to become a professional trader and get significant profits, you shall work with larger amounts on a real account. This is necessary to open more deals and increase rates, to work with leverage (many brokers do not provide leverage for bonus funds).

Best Apps with Forex no-deposit bonuses

Broker’s name

Size

Conditions for obtaining

RoboForex

$30

To get a bonus from RoboForex:

  • Open an account.
  • Verify the account.
  • Deposit at least 10 USD.

Withdrawal:

  • Yes, you can withdraw trading profit.

Get Bonus

Your capital is at risk.

Instaforex

$1,000

How to get IstaForex no deposit bonus:

  • Open a new account using the promotional form online and fully verify it.

Withdrawal:

  • Bonus, cannot be withdrawn, only profits can be withdrawn after trading X * 3 InstaForex-lots, where X — is profit volume(1 InstaForex-lot = 0,1 forex lot)
  • Also, as per paragraph 6: "The Client agrees that in some cases the Company can ask him/her to replenish his/her account with real funds".

Get Bonus

Your capital is at risk.

FBS

$140

How to get FBS no deposit bonus:

  • Open a new MT5 account and request it

Withdrawal:

  • Yes, after trading 5 lots during 30 days.

Get Bonus

Your capital is at risk.
76.5% of retail accounts lose money when trading ᏟᖴᎠs with this provider.

Tickmill

$30

How to get Tickmill no deposit bonus:

  • Register an account with Tickmill;
  • The welcome bonus account will be added automatically after the application is approved;
  • The welcome bonus account will have $30 in it.

Trading Limitations:

  • EA trading is not allowed;
  • The bonus is valid for 90 days.

How to withdraw the profit:

  • A minimum of $30 and a maximum of $100 profit can be transferred to a live mt4 trading account;
  • One client is limited to one request for profit transfer only;
  • Open a live mt4 account with at least $100 deposited into it.

Get Bonus

Your capital is at risk.

Contests conducted by Forex brokers

Forex brokers often conduct contests to attract new traders and keep existing ones engaged. These contests come in various forms, but they all offer the opportunity to trade without investing your own money and the chance to earn real money if you win.

What are Contests?

Forex contests are competitions hosted by forex brokers where traders compete against each other using demo or live trading accounts. The goal of these contests is to secure the highest returns within a specific period. Traders are usually given a virtual initial deposit, and the one who makes the most significant profit by the end of the contest wins.

Types of Contests

There are two main types of forex contests:

Demo Contests

These contests are risk-free as they are conducted on demo accounts loaded with virtual money. They are ideal for beginners who want to learn trading without risking real money.

Live Contests

These contests involve real money and are conducted on live trading accounts. They are suitable for experienced traders who have confidence in their trading skills.

Now, let’s look at the contest conditions of some popular forex brokers:

Broker’s name Size Conditions for obtaining

RoboForex

The total prize fund varies depending on the contest. For instance, the 3rd ODI and 3rd T20 contests had prize funds of $1,000 and $3,000 respectively.

Participants need to register for the contest and trade on their demo or live accounts. The winners are those who achieve the highest profits or meet the specific conditions of the contest.

TU

The victors of the competition shall receive rewards in accordance with their earnings.

Participants need to select the broker holding the contest on the Traders Union rebate service website, open a demo account, and follow the recommendations in the appropriate section on the broker’s website.

VantageFX

The Live Forex Trading Contest offers a total prize fund of $50,000. The Demo Trading Contest provides a prize fund of $4,000.

For the Live Forex Trading Contest, participants need to open a free Vantage account, fund $500 USD, and register for the contest with their new account details. For the Demo Trading Contest, participants need to register for the contest, make a deposit in their account, and trade to become a winner.

OctaFX

The OctaFX Champion demo contest has a prize fund of $1,000.

Participants are required to enroll for the competition, engage in trading on their demo account, and strive to achieve the greatest balance in order to secure a reward.

InstaForex

InstaForex holds various contests with an annual prize pool of more than $500,000. The Sniper Weekly Demo Contest offers a prize fund of $1,500.

All individuals are required to enroll for the competition and engage in trading using their demo or live accounts. The victors are determined by those who attain the greatest earnings or fulfill the designated requirements of the competition.

Traders’ contests on demo accounts

We have established that many brokers offer contests on demo accounts as an option to profit on Forex without investment. But members of the Traders Union often prefer to participate in our exclusive competitions held by our trading union. Why? There are two reasons. First, we conduct such contests monthly. Second, we have a significant prize pool of $200. No broker has such a great prize pool.

Moreover, very few brokers hold contests with real payments on demo accounts. And quite a few have introduced them on an ongoing basis (some operate on a tournament format with significant contributions from their trader colleagues, which discourages novice traders from participating). That is why Traders Union contests on demo accounts are so popular.

Very few brokers hold contests with real payments on demo accounts

Benefits of participating in demo contests:

  • You gain practical experience with real trading instruments

    You gain practical experience with real trading instruments. Demo accounts differ from real ones only in that virtual currencies are traded on them. The currency pairs, quotes, and software are exactly the same.

  • All you need is to register and open an account with a broker to participate in the contest on a demo account

    All you need is to register and open an account with a broker to participate in the contest on a demo account. Thus, the contests allow you to test a specific broker, the instruments offered by him, and the trading platform.

  • Since trading on the demo is conducted with real inputs

    Since trading on the demo is conducted with real inputs, real methods of fundamental and technical market analysis are applicable to demo accounts. Therefore, it is beneficial to participate in such contests to test strategies.

  • Demo contests are an opportunity to start trading on Forex without investments

    Demo contests are an opportunity to start trading on Forex without investments. The benefits, therefore, of entering a contest using a demo account is that you do not need a deposit for a demo account; you will get the prize money paid directly into your real account; and you can use them for real trading on the foreign exchange market.

Certainly, this method of making money on Forex without investments is good only for novice traders. Sure, a $45 first place win is a significant bonus, but it cannot serve as your primary earnings. Professionals make such an amount every 2-3 hours. However, the Traders Union contests provide an excellent opportunity to practice and earn on your first deposit!

Alternative Option: Forex-funded Trading Programs

Funded trading programs have emerged as a way for new traders to get funded by prop firms through evaluation and testing periods. These programs allow traders to prove themselves by trading live with the firm's capital after passing simulation evaluations. Once funded, traders typically earn a percentage of their profits while the firm handles the capital risk and operational components.

The funded model offers benefits for both traders and prop firms. Traders gain valuable experience without having to risk much personal capital, while prop firms can evaluate trader performance prior to allocation of significant capital. This allows firms to only fund those traders who have demonstrated skills and align with the firm's trading style and risk parameters.

SurgeTrader

Open an account
Your capital is at risk.

SurgeTrader is a robust trading platform that caters to the needs of professional traders. Designed with advanced features and cutting-edge technology, it offers a high-performance environment for executing trades across various markets. With a focus on speed, accuracy, and reliability, SurgeTrader ensures that traders can capitalize on market opportunities effectively.

One of the notable aspects of SurgeTrader is its requirement for traders to meet a higher minimum deposit. Starting at $250, this entry barrier indicates that SurgeTrader primarily caters to experienced traders who possess a significant amount of capital. The platform provides access to a wide range of financial instruments, including stocks, futures, options, and forex, enabling users to diversify their investment portfolios.

SurgeTrader offers an array of sophisticated tools, such as advanced charting capabilities, customizable trading algorithms, and real-time market data. These features empower traders to conduct thorough market analysis, implement complex strategies, and execute trades efficiently.

Moreover, SurgeTrader prioritizes security by implementing robust encryption protocols and multi-factor authentication, ensuring the safety of traders' funds and personal information.

Topstep

Open an account
Your capital is at risk.

Topstep is a unique trading platform that aims to help aspiring traders develop their skills and gain access to professional trading opportunities. It offers a simulated trading environment combined with a funding program, allowing traders to prove their abilities without risking their own capital.

Unlike traditional trading platforms, Topstep does not require a specific minimum deposit to start trading. Instead, traders are evaluated based on their performance in simulated trading accounts. Successful traders can then progress to funded accounts provided by Topstep, where they can trade with real money while retaining a share of their profits.

Traders who opt for Topstep's Express Funded Account are required to make a minimum deposit of $150. This account type enables traders to begin their trading journey with a funded account by depositing at least $150. As traders showcase their skills and achieve specific performance targets, they unlock access to larger trading accounts with higher funding levels.

The Trading Pit

Open an account
Your capital is at risk.

The Trading Pit is a reputable trading platform that caters to both novice and experienced traders. With its user-friendly interface and comprehensive features, it provides a seamless trading experience. The platform offers a wide range of financial instruments, including stocks, commodities, and cryptocurrencies, allowing users to diversify their portfolios.

One of the standout features of The Trading Pit is its low entry barrier. With a minimum deposit requirement of just $100, it enables individuals with limited capital to start trading. Moreover, the platform provides educational resources and tutorials to help users enhance their trading skills and make informed decisions.

The Trading Pit also offers advanced trading tools, including real-time market data, charting capabilities, and risk management features. Additionally, it provides access to a supportive community where traders can engage with each other, share insights, and seek advice.

Is it Worth Trading Forex With No Starting Money?

Trading forex without starting money offers numerous benefits for aspiring traders. Here are some of them.

Skill Development

One of the key benefits of trading forex without starting money is the opportunity it provides for skill development. As a trader, honing your skills is crucial to success in the forex market. By trading without starting money, you can gain valuable experience in executing trades, analyzing market trends, and managing risk, all without risking your own capital. This allows you to familiarize yourself with different trading techniques, understand market dynamics, and develop effective strategies to capitalize on favorable opportunities.

Strategy Testing

Trading forex without starting money offers an excellent platform for testing and refining trading strategies. Developing a profitable trading strategy requires thorough analysis and experimentation, which can be time-consuming and potentially costly. However, with a no-deposit bonus, you can test various trading approaches in real-time market conditions without risking your own funds. This enables you to evaluate the effectiveness of different strategies, identify strengths and weaknesses, and make informed adjustments accordingly.

Risk Management

Another notable benefit of trading forex without starting money is the opportunity it provides to practice risk management techniques. Successful traders understand the importance of mitigating risk and protecting their capital. With a no-deposit bonus, you can explore different risk management strategies, such as setting stop-loss orders and implementing proper position sizing. This allows you to develop a disciplined approach to managing risk, protecting your trading capital, and avoiding substantial losses.

Emotional Control and Psychological Resilience

Trading forex can be an emotionally challenging endeavor, especially when real money is at stake. By starting with no initial investment, traders have the opportunity to develop emotional control and psychological resilience without the fear of financial loss. Emotions such as fear, greed, and impatience can significantly impact trading decisions and lead to costly mistakes. However, by using a no-deposit bonus, traders can practice maintaining discipline, sticking to their trading plan, and managing emotions effectively. This invaluable experience can help traders cultivate a strong mindset, improve decision-making under pressure, and develop the psychological resilience necessary to navigate the ups and downs of live trading successfully.

How to get passive income on Forex?

Passive income generation in the forex market can be an appealing choice for people with busy schedules or for those who prefer a hands-off approach to investing because it involves less active trading activity. Here are two well-liked ways to get passive money in the forex market:

PAMM Accounts

PAMM (Percentage Allocation Management Module) accounts are a novel technique to earn money in the Forex market passively. A PAMM account allows you to invest your money with an experienced trader who will manage the funds on your behalf. Your gains or losses are then allocated according to a predetermined profit-sharing ratio.

Social trading

Social trading systems have grown in popularity as a fast money trading technique to generate passive income in the Forex market. These platforms allow you to follow and replicate the trading tactics of seasoned traders. When you select a trader to follow, your account will automatically replicate their transactions in real time.

How to make money on Forex without investing?

There are strategies and opportunities available to assist you in getting started in the Forex market without making an initial investment:

Forex Demo Account

A Forex demo account is a risk-free approach to learning the intricacies of currency trading. Brokers generally offer these accounts with virtual funds that mirror real-market conditions. While trading on a demo account does not create real profits, it can provide valuable experience and practice.

Promotions and bonuses

To entice new traders, many Forex firms offer bonuses and promotions. Deposit bonuses, no-deposit bonuses, and cashback incentives are examples of these. You can increase your trading capital without investing your own money if you take advantage of these benefits.

Exclusive Trading Firms

Proprietary trading firms are an appealing option for those who want to trade large sums of money without putting their own money at risk. These companies frequently hold trading challenges or exams to measure your trading abilities. If you meet their requirements, they will provide you access to their capital to trade on your behalf.

Earnings on Forex without investments | Expert’s opinion

Making money on Forex without investments is possible! It happens every day. There are many ways: non-deposit bonuses, affiliate programs, and contests on real and demo accounts. Contests for demo and non-deposit bonuses are especially beneficial because they allow you to get an initial deposit to start real trading and to gain practical experience step by step.

Other types of bonuses and contests on real accounts also give good, albeit irregular, profits. That is, contests are held periodically, and the trader gets bonuses only for certain actions. Therefore, such methods cannot be considered as full-fledged earnings, and in any case, you should start trading on your own with an investment of more significant funds or invest in trust management as an option.

Anton Kharitonov

Anton Kharitonov

Financial expert and analyst at Traders Union

FAQs on earnings on Forex without investing funds

Is it possible to make money on Forex without investing funds?

Yes. Top brokers offer their clients and partners a wide range of options. The most profitable are affiliate programs, non-deposit bonuses, contests on real and demo accounts.

What does an affiliate program with a broker offer?

The broker pays you a reward for each client attracted. But it is more profitable to work on the Traders Union affiliate program: payments here are not one-off, but regular, and there are many other advantages.

What kinds of non-deposit bonuses are there?

Some bonuses are given for merely opening an account, others for replenishing it. Some of them could be withdrawn after several successful transactions, others cannot. Each broker offers its own conditions for such bonuses.

Why should I participate in Forex contests?

Contests on demo accounts provide you with an important experience and allow you to make money from your first real deposit. Contests on real accounts for professionals can be a good source of income.