Mikhail Chernov

Mikhail Chernov, Author of FreeForexStart.ru

Trader. Bonus Auditor. Founder of FreeForexStart.ru

18 years in financial markets. 200+ no-deposit bonuses personally audited.


My Trading Journey

In 2008, amidst the global financial crisis, I opened my first Forex trading account. My $500 deposit vanished in two weeks – a classic beginner’s tale involving overtrading, lack of stop-loss orders, and letting emotions override strategy.

Instead of quitting, I decided to study the market systematically. Since 2009, I have maintained a rigorous trading journal, backtested indicators, and delved into risk management literature.

By 2011, I achieved consistent profitability, realizing the core truth: 90% of success stems from risk control and psychology, not just “signals”.


Why Focus on Bonuses?

In 2012, I stumbled upon my first forex no-deposit bonus – a $30 offer with no initial funding required. Within two weeks, I met the 3-lot volume requirement and withdrew $85 in pure profit. It was a revelation: you can stress-test a broker’s infrastructure without risking your own capital.

Since then, I began systematically auditing bonus offers. As of 2026, I have tested over 200 promotions from 50+ different brokers. Not all passed – many turned out to be “empty” offers with hidden withdrawal traps.


Professional Background

2008 – 2012: The Foundation

Early trading years. Learning through losses, education, and developing my first profitable strategy (trend-following and scalping on M15 timeframes).

2013 – 2017: Risk Management Professional

Worked as a Risk Manager at an Investment Management Firm. I managed a $2M portfolio for institutional clients and developed broker monitoring systems to ensure SLA compliance (execution speed, slippage metrics).

2018 – Present: Independent Auditor & Founder

Transitioned to independent trading and auditing. Focused exclusively on the no-deposit bonus niche. Founded FreeForexStart.ru to systematize my experience and guide novice traders.

Key Achievements:

  • Over $15,000 in net profit withdrawn from bonuses (verified personal statistics);
  • Developed a comprehensive Broker Verification Checklist (used across this site);
  • Identified and blacklisted 12 scam offers through detailed warning reviews.

My Content Philosophy

Every bonus listed on our homepage has been personally tested through my 5-stage methodology:

  • Full Registration + KYC Verification;
  • Bonus Crediting and Live Execution;
  • Meeting Trading Volume (Lot) Requirements;
  • Withdrawal Request Submission;
  • Receipt of Funds to Card, Wallet, or Crypto.

Strict Policy: I do not publish offers with no withdrawal potential, scam brokers, or outdated promotions. Everything is backed by screenshots and first-hand experience.


Education & Qualifications

  • Moscow Institute of Physics and Technology (MIPT): M.S. in Applied Mathematics and Computer Science (2003-2008). A top-tier research university.
  • Quantitative Analysis Certification (QuantInsti, 2015);
  • Financial Risk Manager (FRM): Certified by the Global Association of Risk Professionals (GARP, 2016).

Why Trust My Reviews?

  • 18 Years of Experience – I’ve evolved from a novice to a professional risk manager;
  • 200+ Audits – I recognize the red flags of bonus programs instantly;
  • Transparency – I only recommend what I have successfully withdrawn myself;
  • Independent Analysis – My recommendations are based on performance, not affiliate pressure.

FreeForexStart.ru is my way of saving you time, frustration, and capital by filtering out the industry’s “noise.”