Best apps for trading without investments in India
TU consider such apps as the best in India:
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RoboForex MT4 app with no-deposit bonus $30 and affiliate program
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XM Group MT4/MT5 with no-deposit bonus $30 and affiliate program
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InstaForex registration bonus and trading contests
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AMarkets no-deposit bonus and trading contests
In India, in recent years, Forex and stock market trading has become increasingly popular, and multiple trading apps in India allow trading without any actual investment. All these applications provide a simulated trading environment where traders can gain knowledge and experience in the field. Moreover, to begin with, these applications also offer Forex no deposit bonuses, broker competitions, broker affiliate programs, and Forex funding trading programs, through which a beginner trader can earn enough funds for initial trading experience.
In this blog post by Traders Union experts, we will introduce you to the details of the best trading apps without investment in India and explore other options to trade without investing real funds.
Do you want to start trading Forex? Open an account on RoboForex!Can I make money in trading without investing in India?
Yes, it is possible to make money in trading in India without investing real funds. Trading apps provide various options for bonuses, affiliate programs, competitions and funded trading programs through which users can earn enough funds for initial trading purposes.
However, each option is restricted by the list of terms and conditions, which a trader must be aware of.
Forex no deposit bonuses
Although Forex no deposit bonuses offer a small amount, around $30, it is still a risk-free way to gain experience and potentially earn some profits.
But, the bonus is only valid for a limited period, has limitations on withdrawals and can only be used for a few specific types of trades.
Broker affiliate programs
Broker affiliate programs can make money in trading without investing in India. Traders earn a commission for each new client they refer to a broker. The pros include high commission earnings, flexible promotion methods, and the potential for passive income. The cons include the need for an extensive network, potential conflicts of interest, and reputational risk.
Broker competitions
Broker competitions in India allow traders to make money without investing. These competitions simulate trading environments and offer prizes for top performers. The pros include gaining experience without financial risk, but the cons are the need for skill, the potential for rigging, and limited opportunities.
Forex-funded trading programs
Forex-funded trading programs in India offer an opportunity to make money without investing. Pros include access to capital, high-profit potential, and no personal risk. However, the cons are difficulty getting funded, meeting performance requirements, and sharing profit with the funding firm.
Best Forex trading apps in India to earn money without investment
RoboForex is a Forex broker that offers MT4 and RTrader trading apps to traders in India. Traders can use a demo account to practice trading strategies or trade with the welcome Forex no-deposit bonus of $30 without risking real money.
With a minimum deposit of $10, traders can open a live performance and start trading Forex, CFDs and stocks with real money. RoboForex offers access to a wide range of global stocks, including those listed on major stock exchanges like NYSE, NASDAQ, LSE, and more. The number of available trading assets is around 12,000, which may vary depending on the account type.
Reviews about the platform
The MT4 app is popular among traders for its advanced charting tools and customisable interface. The app supports automated trading using expert advisor and allows users to create their own custom indicators. It also has a wide range of technical analysis tools and trading signals that are favoured by traders. The MT4 app is known for its reliable performance and is well-respected in the trading community.
The RTrader app is a newer addition to the RoboForex platform and is gaining popularity among traders.
It has a modern interface and user-friendly features, making it easy for users to keep track of their preferred assets.
The app offers advanced charting tools and customizable watchlists.
The social trading feature of the app allows users to follow and copy the trades of successful traders.
In conclusion, the MT4 and RTrader apps have received positive reviews for their advanced features, user-friendly interfaces, and reliable performance.
XM Group MT4/MT5
XM Group is a Forex trading platform that provides MT4 and MT5 apps for traders in India. Traders can try out trading strategies and test their skills with a demo account that does not involve real money. Moreover, the platform also provides a $30 no-deposit bonus on registration and verification.
Once comfortable, traders can open a live account with a minimum deposit of $5 to start trading with actual money. XM Group grants access to various global CFDs. There are 1000+ financial instruments available.
Reviews about the Platform
XM Group's MT4 and MT5 apps are popular among traders for their charting tools, automated trading capabilities and custom indicators. Regarding Forex Trading Apps in India to Earn Money Without Investment, XM Group's MT4 and MT5 apps are favored by traders.
The platform offers a wide range of tradable assets and tools, making it easy for users to trade and earn profits without any initial investments.
XM Group also offers demo accounts that allow users to practice trading without risk. The demo accounts benefit beginners who want to gain experience and develop trading skills before investing real money.
XM Group's MT4 and MT5 apps have received positive reviews for their advanced features, user-friendly interfaces, and reliable performance.
InstaForex
InstaForex is a Forex broker that offers different opportunities for traders to earn money without investing capital upfront. Traders can join InstaForex contests and win real money prizes or receive a "no deposit bonus" of up to $2000 on registration.
With a low minimum deposit of $1, traders can open a live account and trade a variety of financial instruments, including currency pairs, commodities, metals, and cryptocurrencies. InstaForex provides access to global stocks listed on major exchanges such as NASDAQ and NYSE. However, the availability of stocks may vary depending on the account type and trading platform used.
Reviews about the Platform
InstaForex is a well-established online broker that offers trading services for Forex, commodities, stocks, and cryptocurrencies. The platform provides advanced trading technologies and has won multiple awards for its services.
InstaForex offers various trading platforms, including MetaTrader 4 and 5, WebTrader, and mobile trading apps.
These platforms provide advanced charting tools, technical indicators, and expert advisors allowing traders to create and implement trading strategies.
The ForexCopy System is a unique feature that allows traders to copy the trades of successful traders, making it easier for beginners to learn from experienced traders and earn money without investing their funds.
The demo accounts offered by InstaForex allow traders to practice trading without risking their funds, which is helpful for beginners to gain experience and develop their trading skills.
InstaForex has received positive reviews for its advanced trading technologies, a wide range of trading platforms, and unique features, such as the ForexCopy System. Its demo accounts and the feature to earn money without investment are particularly helpful for beginners looking to start trading.
AMarkets
AMarkets is a Forex broker that offers opportunities for traders to earn money without an initial investment. Traders can participate in AMarkets promotions to earn rewards or receive a "no deposit bonus" of up to $30.
AMarkets has a low minimum deposit requirement of $1, making it accessible to traders with different budget levels. The broker offers various financial instruments, including currency pairs, metals, indices, commodities, and cryptocurrencies. However, the number of instruments available may vary depending on the account type and trading platform.
Reviews about the Platform:
AMarkets is an online broker that provides trading services for Forex, stocks, commodities, and cryptocurrencies. AMarkets offers various trading platforms, including MetaTrader 4 and 5, and mobile trading apps.
The platform also offers demo accounts that allow traders to practice trading without risking their funds.
AMarkets has received positive reviews for its competitive trading conditions, reliable customer support, and unique features, such as the Investor program.
The demo accounts and feature to earn money without investment are particularly helpful for beginners looking to start trading.
In summary, AMarkets is a reliable online broker with competitive trading conditions and unique features like the Investor program. Its demo accounts and feature to earn money without investment benefit beginners looking to develop their trading skills without risking their funds.
Alternative option. Best Forex funded trading accounts in India
Topstep
Topstep is an excellent choice for traders who are looking to access a funded trading account without putting their own capital at risk. Withdrawals are processed quickly, and traders can access various trader development services, including professional traders, tools, live videos, personalized analytics, and more. Prices at Topstep start at $165 per month for a $50k account. Accounts for 100k cost $325 a month, and accounts for 150k cost $375. A free trial is also available for 14 days.
👍 Pros
• Topstep offers generous withdrawal policies, allowing traders to withdraw their first $5,000 in profits in full.
• Offers a wide range of trading platforms for traders to choose from.
•Topstep provides professional trader and development services to help traders become consistent, profitable traders.
•Offers a 14-day free trial so traders can get a feel for the program before investing.
👎 Cons
• No access to trading platforms or educational materials without a paid membership.
•Limited withdrawal of profits: only $5,000 can be withdrawn in full and 90% of profits exceeding that amount can be withdrawn.
Earn2Trade
Earn2Trade provides three distinct funded trading programs - The Gauntlet Program, The Gauntlet Mini, and the all-new Trader Career Path.
A one-time payment is required for the Gauntlet program. Traders manage a $25,000 virtual account for 60 days, during which they must trade on at least 30 calendar days and once every week. If they follow the guidelines and meet the 10% profit target, successful candidates receive a guaranteed funding offer from Helios Trading Partners or Appius Trading.
Topstep Futures and Topstep Forex are similar programs to the Gauntlet Mini. Traders pay a monthly fee and must follow the guidelines. The monthly fee includes trading classes, webinars, and access to Journalytix (TM). Qualifying traders will then receive an offer for a funded trading account.
Earn2Trade's newest program is the Trader Career Path. Traders begin with a $25,000 virtual capital account and are funded with a $25,000 real money account if they pass the Evaluation. After the Evaluation, traders can develop their trading careers and handle assets worth up to $200,000 without paying a monthly subscription fee.
Earn2Trade has the largest variety of trading platforms to choose from, with close to 20 options. Choices include NinjaTrade, Finamark, R|Trader, Agena Trader, Multicharts, and Overcharts.
Can I start trading without a minimum deposit?
From the above pointers, it is quite clear that trading without real funds is possible in India with the help of the discussed platforms. Let’s now discover the details of trading without a minimum deposit to learn more.
Most brokers do not require a minimum deposit or sometimes need a minimal symbolic amount, varying from 1-10 dollars.
Another option is to look for brokers that offer no deposit bonuses or trader contests to attract new traders. A no-deposit bonus is a small amount of money the broker provides to start trading without requiring a deposit. On the other hand, a trader's contest is a competition where traders can win prizes for achieving specific trading goals.
Funded trading accounts can also be considered an excellent option for trading without minimum deposits. However, these accounts usually require a subscription fee of $50-200. Funded trading accounts are suitable for experienced traders with a proven track record looking to take their trading to the next level.
Choosing a reputable broker and considering all options available before starting trading is crucial. Conduct thorough research and understand the risks involved in trading, whether you decide to take advantage of a no-deposit bonus, participate in a trader's contest, or opt for a funded trading account.
By doing so, you can make informed decisions and increase your chances of success in the trading world.
How much do I need to earn decent money?
The amount needed to earn decent money from trading depends on the trader's experience, investment goals, and risk tolerance. Trading is inherently risky and not a guaranteed path to financial success, so investing time and effort into learning about the market and developing a trading strategy is crucial. Beginner traders should start with a small amount of capital and gradually increase it as they gain experience and confidence in their trading abilities.
Technically, you can start with any minimum amount, even $100. However many financial experts suggest having at least $2,000 to $5,000 in trading capital to start with to build a diverse portfolio and manage risks effectively. More trading capital enables traders to take advantage of more significant market opportunities and earn higher returns.
While bonuses or additional income streams can help boost trading capital, relying solely on them to fund trading activities is not advisable and may lead to excessive risk-taking and financial instability. To earn decent money from trading, traders should aim to start with a small amount of capital, gradually increase it as they gain experience, and avoid relying solely on bonuses or other income sources to fund their trading activities.
How to choose a trading app in India?
Choosing a Forex account in India can be a complex and important decision. Here are 4-5 tips to help you make an informed choice:
Safety and regulation
Look for a Forex broker that is regulated by a reputable financial authority, such as the Reserve Bank of India (RBI), or an international regulatory agency like ASIC (Australia), FCA (UK), or CySEC (Cyprus). This helps ensure that your funds are protected and that the broker operates transparently and ethically. The broker should have data protection and risk management measures in place. More importantly, check the broker's security measures to prevent hackers, like SSL encryption.
Trading conditions and fees
Consider the trading conditions and fees offered by different brokers, including the spread, leverage, and execution speed. Also, check if there are any hidden fees or charges, such as deposit and withdrawal fees, and if the broker offers negative balance protection.
Trading platforms
Choose a Forex broker that offers a user-friendly and reliable trading platform. It should be easy to use, with advanced charting, technical analysis tools, and automated trading options if you are interested in that. Check whether they also have a mobile app so you can trade on the go.
Customer support
Ensure the Forex broker provides excellent customer support, including email, phone, and live chat. Check if the broker has a dedicated support team available 24/7 and if they are responsive to inquiries and requests. If they're available in local languages, even better.
Reputation and track record
Research the reputation and track record of the Forex broker, including their financial stability, client satisfaction, and any notable events or incidents. Read reviews and testimonials from other traders, and seek the opinions of professional traders or financial advisors. It's important to remember that Forex trading involves significant risk, and it's always best to consult with a financial advisor and thoroughly research the market before making any trading decisions.
Expert Opinion
It's important for aspiring traders in India to carefully evaluate their options when looking to get started without investment. While opportunities like no-deposit bonuses and demo accounts can be useful for practice and learning, it's no substitute for real-world trading experience with your own capital at risk. Without real money on the line, it's easy to take bigger risks and treat trading like a game rather than a business. The psychology is very different when you're trading with your own funds versus play money.
That said, starting small is always wise when you're new to any market. Look for brokers that allow micro-lots and low minimum deposits so you can dip your toes in the water without wagering more than you can afford to lose. Demos are good for getting familiar with platforms, but there's nothing quite like having skin in the game to sharpen your decision-making. Have a plan from the beginning to eventually fund your own account, even if it's with a small amount at first.
For those serious about pursuing trading as a potential career, I would recommend funded accounts only after you've put in significant time paper trading and developing your strategy using real capital of your own. Funded programs sound appealing but come with high expectations and restrictions - it's best to prove yourself first under normal trading conditions.
FAQs
Can I start trading with no money in India?
It’s possible with a funded trading program, Forex no deposit bonus, welcome bonus, competitions and referral amount to start trading, which further requires no additional deposits.
How can I earn $1,000 daily without investment?
Earning $1,000 daily without investment is highly unlikely, especially in the stock market, which is inherently risky. While earning high returns through trading is possible, it requires significant knowledge, skills, and experience. Moreover, it's essential to invest enough time and practice to develop a sound trading strategy and manage risks effectively.
Which is the best trading app without investment in India?
There are several trading apps available in India that offer commission-free trading, such as RoboForex and XM. However, it's important to note that trading involves significant risks, and it's essential to choose a reliable broker and invest sufficient time in learning about the stock market before starting to trade.
Can I trade in Zerodha without money?
You cannot trade in Zerodha or any other broker without money. To trade in the stock market, you need sufficient funds in your trading account to place orders for buying or selling stocks.
Glossary for novice traders
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Trading
Trading involves the act of buying and selling financial assets like stocks, currencies, or commodities with the intention of profiting from market price fluctuations. Traders employ various strategies, analysis techniques, and risk management practices to make informed decisions and optimize their chances of success in the financial markets.
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Broker
A broker is a legal entity or individual that performs as an intermediary when making trades in the financial markets. Private investors cannot trade without a broker, since only brokers can execute trades on the exchanges.
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Forex Trading
Forex trading, short for foreign exchange trading, is the practice of buying and selling currencies in the global foreign exchange market with the aim of profiting from fluctuations in exchange rates. Traders speculate on whether one currency will rise or fall in value relative to another currency and make trading decisions accordingly.
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Investor
An investor is an individual, who invests money in an asset with the expectation that its value would appreciate in the future. The asset can be anything, including a bond, debenture, mutual fund, equity, gold, silver, exchange-traded funds (ETFs), and real-estate property.
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5
CFD
CFD is a contract between an investor/trader and seller that demonstrates that the trader will need to pay the price difference between the current value of the asset and its value at the time of contract to the seller.
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Team that worked on the article
Upendra Goswami is a full-time digital content creator, marketer, and active investor. As a creator, he loves writing about online trading, blockchain, cryptocurrency, and stock trading.
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).