what's the meaning of no deposit bonus in forex

A no deposit bonus is not your regular forex bonus, because you can get it even without depositing any money into your trading account.

Once you open an account with a broker that gives no deposit bonus, the bonus is automatically credited into the account and you can trade with it.

The no deposit bonus cannot be withdrawan but any profits you make from trading the bonus can definitely be withdrawn.

There are usually some withdrawal conditions you must meet before you can take out any profits. Many brokers require you to trade a certain number of lots with the bonus before you can withdraw the profits realized.

which broker gives free bonus without deposit in south africa?

Headway broker gives free bonus of $111, without you making any deposit in South Africa. Another broker that gives bonus on registration without deposit is Firewoodfx

A no-deposit bonus in forex is a small amount of trading credit that a broker gives you without requiring you to deposit any of your own money.

It’s basically a way for beginners to test the platform with real market conditions but without risking their own funds.

A no-deposit bonus = free trading credit given to new users just for opening an account, with no deposit required.

Examples:

$5 bonus

$10 bonus

$30 bonus

(The exact amount depends on the broker.)

But demo accounts also let you test the market without risking your own funds, so whats your point? Should we just go for the demo account? @headies

You can withdraw profit made from this account but you cannot withdraw the profit made on a demo account. I'm sure you get the difference now.